John Embry & Chris Waltzek

from Gold Seek Radio Please download this show in Mp3 format: CLICK HERE>. Summary: John Embry, Chief Investment Strategist at Sprott Asset Management, views the mainline mantra of economic recovery in a dim light. The new Sprott Gold Miners ETF (SGDM) has eclipsed over $100 million in assets, earning the coveted title of the most successful ETF of 2014. The gold, Ruble ratio (see Figure 1.1) illustrates how the yellow metal exploded over 100% within weeks, shielding holders from the currency implosion. Since 2000, the Ruble currency has collapsed by nearly 95% compared to gold, garnering windfall profits for gold investors. The recent plunge in crude oil price may be a blessing in disguise for PMs mining companies, lowering energy related expenses and significantly boosting overall profitability. While the Dow Jones Industrials crossed the 18,000 point for the first time in history, John Embry, Chief Investment Strategist at Sprott Asset Management, views the mainline mantra of economic recovery in a dim light, instead officials are manipulating markets and eliminating price discovery and free markets. Russian investors recently and abruptly learned the true value of gold, when their currency collapsed seemingly overnight. Under the guidance of top analysts, the new Sprott Gold Miners ETF (SGDM) has eclipsed over $100 million in assets, earning the coveted title of the most successful ETF of 2014. The gold, Ruble ratio (see Figure 1.1) illustrates how the yellow metal exploded over 100% within weeks, shielding holders from the currency implosion. In similar fashion, John Embry agrees that US, Canadian and global investors must learn from the event, adding discounted precious metals assets to their portfolios as insurance against further currency contagion. Since 2000, the Ruble currency has collapsed by nearly 95% compared to gold, garnering windfall profits for gold investors. The recent plunge in crude oil price may be a blessing in disguise for PMs mining companies, lowering energy related expenses and significantly boosting overall profitability.

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