John Embry – The Price Of Silver Will Go Ballistic In 2013
December 31, 2012
Today John Embry told King World News that he believes that the price of silver will go ballistic in 2013. He also spoke about what to expect in other key markets in 2013. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: “There have been a few periods in the past when people (investors) got detached, but this one is probably the worst in the sense that we’ve never had monetary creation like we are having (now). It has no place to go. It’s not getting into the real economy.”
John Embry continues:
“So it’s (the liquidity is) being forced into financial assets. That is leading this disconnect between the real world and the prices of financial assets. I don’t know how this is going to be resolved, but I suspect negatively in the sense that at some point people are going to flee these things, particularly bonds, because they don’t represent any value whatsoever….