As the world continues to face great uncertainty, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, told King World News that he believes “one way or another we are looking at a frightening end to all of this.” He also discussed strange events taking place in the gold and silver markets, but he particularly focused on a particularly an odd situation in silver. Below is what John Embry had to say in this tremendous interview.
Embry: “I’m fascinated with the silver picture for the simple reason that there seems to be well-documented evidence that demand has picked up significantly, particularly with regards to what my business parter, Eric Sprott, said in his KWN interview….
“Industrial demand for silver remains solid, and there are compelling reasons for people who understand what’s unfolding in the financial space to be adding to their silver position because silver is so cheap. Yet the question I cannot answer is, where is the physical silver coming from to back up this paper takedown we have seen?
I have spoken to a great many people around the world about this and I cannot get a satisfactory answer. Are they raiding the silver ETF SLV? Are there secret caches of silver which have been created that we didn’t know about that central planners have been able to dig into? What I do know is that eventually this continued abuse in the silver market is going to have an enormous impact on the price. When that day comes, if investors aren’t positioned properly it will be too late.”
Continue reading the John Embry interview at KING WORLD NEWS