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Expect Shortages in Physical Gold as Early as Next Month
Those are not my words. They come from Gold Guru John Embry. He feels gold has formed a massive bottom and cannot be held down at this level for very long. Physical Gold has been heading east for quite a while. Methinks OBAMA better double the guard at Fort Knox lest word gets out that its all gone a lot of which is supposed to be held in their care custody and control for other nations. Good Luck. Now those are my words not Embry's. Oh thats right the gold has been lent to the bullion banks So they must hold it Do you think? Methinks not. Probably part of a dowry for an Indian maiden adorning her fingers, wrist, neck, ankle and toe.. http://www.kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/2...
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Re: Expect Shortages in Physical Gold as Early as ...
Have been reading John Embry for more years than I care to remember and his common sense and logic are usually impeccable. The problem is that what "logic and reason" tells you that "should be" does not always play out in the time frame one envisons.
Ultimately he will be proven right, but it may take 6 months or a year longer than he expects. I am not predicting that, just sayin, nobody can know with certainty how things will play out in future.
I certainly hope he is right, we have waited long enough for honest free market pricing for gold and silver, but the biggest satisfaction for me would be seeing the wealthy "financial manipulators" fined severely, and even going to jail. Can anybody believe that men like "Corzine" or even Dimon are getting away with their crimes against the average investor?
thinker70