GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Wednesday, January 25, 2012

John Embry : The 12th year of Gold bull cycle will be the best

1/25/2012 : Sprott Asset Management's John Embry interviewed by Mineweb - John Embry believes that the prospect of global "Weimar situation" is very real and bullish for gold. "If the economies are as damaged as I think they are, particularly in Europe, (I don't think they are as good in China or the US as they are trying to crack them up to be).... I think gold and silver prices could conceivably see the biggest percentage gains this year that they've had in the entire bull market" John Embry said "There's an excess debt issue in virtually every country of any import in the world and the chance of growing out of it are zero. I am a big believer in Austrian economics which says growth requires more and more debt creation. We can't support the debt we have already. We have seen that in vivid fashion in Europe," he added

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