John Embry - Silver About to Roar Through $50 All-Time High

With gold surging to new all-time highs, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management.  When asked where the gold is coming from to satisfy insatiable global demand Embry stated, “Well I expect it’s coming clandestinely from any number of sources.  I think maybe the western central banks have a little bit that they could sort of contribute to the cause.  I think some of the more obvious ETF’s, if you read the prospectuses they don’t necessarily have to have the gold there that they say they do to back this stuff.  So they could be sending it out the back door there to some extent.”

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