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Embry: Many expect another smash but gold still may be cheaper than ever
7:53p ET Monday, March 7, 2016
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry, interviewed today by King World News, notes that many gold market analysts, surveying the burgeoning short positions of the bullion banks, are predicting an imminent smashing for the gold price. But, Embry adds, "What observers may be missing is that gold, in relation to the money supply and debt in the world, might be cheaper than at any time in history. The vicious takedown of gold over the past 4 1/2 years, from more than $1,900 to under $1,100 at the bottom, occurred as global quantitative easing was in full bloom and global debt was exploding to well over $200 trillion. Smart money is aware of this, and I believe they are accumulating as much physical gold as possible while it is still available."
Embry's interview is excerpted at KWN's Internet site here:
http://kingworldnews.com/50-year-veteran-on-warren-buffetts-bs-and-the-b...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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