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Central banks selling far more gold than is being mined, Embry tells KWN
6:30p ET Tuesday, November 25, 2014
Dear Friend of GATA and Gold:
Western central banks, Sprott Asset Management's John Embry tells King World News today, are "selling infinitely more paper gold than is being dug out of the ground, and it's being done specifically to hold down the price," creating enormous short positions that could spark a strong increase in the price. But, Embry adds, "There aren't any real markets in anything anymore." An excerpt from the interview is posted at the KWN blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore
Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
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Goldbroker.com is listed among GATA's recommended monetary metals dealers. (http://www.gata.org/node/173)
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