Embry – Gold & Silver Takedown & The Impact On Investors
April 17, 2013
Today John Embry spoke with King World News about the gold and silver takedown, the impact this has had on investors, and the note he put out to Sprott Asset Management employees during the collapse. Below is what Embry, chief investment strategist at Sprott Asset Management, had to say in part I of his interview:
Embry: “To begin with I think this whole fiasco i gold is predicated on two factors: We have a financial and economic situation in the Western world to which there is absolutely no palatable solution, despite all of the garbage you are reading in the mainstream media.
Thus our so-called leaders who are faced with this conundrum are reduced to market manipulation, falsifying economic statistics, and printing whatever money is required to keep the system afloat….