John Embry’s thoughts on precious metals sector and the global cashless society

Chris Waltzek, Goldseek Radio, Released on 11/30/16

Click Here to Listen to the Interview

Highlights:

  • John Embry, Senior Strategist of Sprott Asset Management comments on the purported 8,000 tons of paper gold dropped on the market.
  • 8,000 metric tons (2204 lbs.), 17.6 million lbs., 282 million ounces, were unleashed on the PMs sector, equivalent to a Tsunami of selling pressure.
  • The institutions and big players are clearing their short positions in anticipation of an explosive move to the upside by gold / silver.
  • New economic policies to revamp the domestic infrastructure could balloon the already bloated US national debt / deficits resulting in runaway prices.
  • India may be the trial-run for a global cashless society, a petri dish their new Treasury secretary is a former Wall Street insider.
  • Citizens are advised to push for a dual cash / digital system, as 100% transparency also eliminates freedom.
  • Given the 46 years since the gold window was shut, salvaging the domestic / global economy may be beyond the means of policymakers.

Click Here to Listen to the Interview

John Embry joined Sprott Asset Management LP as Chief Investment Strategist in March 2003. He plays an instrumental role in developing the corporate and investment policy of the firm. John, an industry expert in precious metals, has studied the gold sector for over thirty years and has accumulated industry experience as a portfolio management specialist since 1963.

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