Embry – Physical Gold & Silver Now In Shocking Short Supply
May 29, 2013
Today John Embry told King World News that physical gold and silver are in shocking short supply. Embry also spoke about the massive global demand for both metals. Below is what Embry, who is chief investment strategist at Sprott Asset Management, had to say in this outstanding interview:
Embry: “When you look at the physical gold and silver offtake in the face of this vicious takedown in the paper market, it is all part of the process of changing the pricing mechanism from the paper market, which is utterly fraudulent, to the physical market, which is in shocking short supply.
The people in the Far-East understand perfectly well what’s going on in the United States, and they are delighted the gold and silver prices are down because they are buying as much as they can as quickly as they can from the West….