Gold smash was a Western central bank operation, Embry tells KWN

Section:

3:10p ET Wednesday, October 5, 2016

Dear Friend of GATA and Gold:

Tuesday's smashing of gold was a Western central bank operation, Sprott Asset Management's John Embry tells King World News today.

The world financial system, Embry says, "is being held together by constant central bank intervention, unsustainably low interest rates, and an unwarranted degree of public confidence. If gold and silver were to trade freely, their rapid price rises would quickly expose the true fragility of the system, and the ensuing interest rate rise would seriously threaten if not destroy the banking system. Thus the relentless suppression of gold and silver continues."

Embry's comments are posted at KWN here:

http://kingworldnews.com/john-embry-says-maguire-is-right-gold-silver-sm...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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