Monday, March 19, 2012

John Embry: Global Debt Saturation Ensures Much Higher Gold & Silver Prices

Presentation by John Embry, Chief Investment Strategist at Sprott Asset Management, at the 2012 California Resource Investment Conference.

 He explains that due to high level of debts and current policies, currency debasements are inevitable and forecasts a complete breakdown of the current monetary system in the US, in Europe, in Japan and possibly in China.  This will likely lead to Gold and Silver prices higher than the most bullish forecasts.

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