John Embry – Silver Set To Soar As World Markets Approach Day Of Reckoning
John Embry – Silver Set To Soar As World Markets Approach Day Of Reckoning from King World News
Today John Embry told King World News that the price of silver is about to soar as world markets approach a day of reckoning.
Silver Set To Soar
John Embry: “Eric, I think we are finally getting closer to a major turn in the price trend for silver. The cartel’s many years of relentless downside assault on the silver price on the Comex paper market is finally having an effect on the physical market. Very simply, at this ridiculously low, totally uneconomic price level, silver mine production is beginning to collapse in most constituencies. This is very important in that, unlike gold, a significant proportion of new silver mine supply and scrap recovery is consumed in new industrial and medical applications…
“Thus, a dramatic drop in new mine supply will ultimately lead to silver pricing taking place in the physical market, rather than in the totally fraudulent paper markets controlled by the bullion banks, central banks, Western governments, et al. However, this could be a classic case of be careful of what you wish for.
Gold and silver’s traditional role, besides representing real money as opposed to the fiat garbage currently in vogue, is to act as the so-called ‘canary in the coal mine’ when it comes to judging the validity of the current monetary policy. When the ludicrous global monetary policy currently in effect is totally discredited by sharply rising gold and silver prices, financial mayhem is guaranteed to occur.
The Greatest Asset Inflation In History
As anybody who has been following the monetary saga post- the 2007/2008 financial crisis knows, monetary policy globally has been out of control and has fueled the greatest asset inflation history.