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FSN: Embry: Panic In The Gold Market Creating Problems For Shorts
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from King World News
On the heels of Jim Sinclair telling KWN that a full-blown panic has developed in the financial world with people wanting to know where their gold is, today John Embry spoke with King World News about this explosive situation and how he believes it will unfold. Below is what Embry, who is chief investment strategist at Sprott Asset Management, had to say in his interview:
Embry: “There was a fascinating study done by Kenneth Rogoff and Carmen Reinhart which stated that once an economy gets to 90% government funded debt as a percentage of GDP, its growth rate slows dramatically. This was one of the underpinnings of the austerity movement.
Continue Reading at KingWorldNews.com…
2013-04-24 19:31:15
Source: http://silveristhenew.com/2013/04/24/embry-panic-in-the-gold-market-creating-problems-for-shorts/
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