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.
Showing posts with label us. Show all posts
Showing posts with label us. Show all posts
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.
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.
Tuesday, January 17, 2012
US Debt Ceiling Breached Again
If the debt clock numbers are correct, the US debt now stands at 15.244 trillion dollars. Last summer, there was a long debate in the congress / senate to raise the debt ceiling to 15.194 trillion dollars (approved by the senate on the 8th September 2011). So now, early in 2012 (4 months later), it seems another debt ceiling debacle is in the making during a presidential year. That should be fun to watch.
Subscribe to:
Posts (Atom)