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John Embry – Expect Shortages Of Gold As Soon As Next Month


KWN

Today John Embry stunned King World News when he warned, “We are moving toward a fundamental shortage of gold, and I believe it may start as soon as next month.” Embry also cautioned, “The problem now is that the global economy is contracting at a time when the debt levels are catastrophically high.”

 

Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also discussed Europe, but first, here is what Embry had to say about the drought and inflation:  “I am very concerned about this drought that is happening, particularly in the United States.  You look at a weather map in the Midwestern United States, the temperatures are just staggeringly hot and there’s no moisture.”

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