This Will Destroy The Financial System As We Know It
July 8, 2013
With continued volatility in global markets and oil still trading well above $100 level, today John Embry warned King World News about what will destroy the financial system as we know it. Embry also spoke at length about the the gold and silver markets. Below is what Embry had to say in this powerful interview.
Embry: “We are finally putting in place a bottom in gold and silver. This process has been really ugly, and it’s gone beyond any rational action in terms of price. People are finally beginning to acknowledge that the gold and silver miners, particularly pure silver miners, are operating way below their cost level.
This situation is totally unsustainable. But having said that, the thing I am really focused on is the bond market. This is the one thing that will really destroy the financial system as we know it….