Looks Like 2008, Expect More CHAOS This Time | John Embry

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The current financial environment reminds Sprott’s John Embry of right before the 2008 and Dot-Com crises. This time, since the system is distorted even more with higher debt, the collapse will be “chaotic.”

The U.S. Dollar has rallied for the last few weeks. The metals have remained stable despite the Dollar rally. “If the Dollar is the world’s strongest currency, you can’t own enough gold and silver if you start looking into the fundamentals underlying the Dollar. If the Dollar’s strong, it says volumes about how terrible the rest of the world’s currencies are.”

John Embry’s price target for gold is $3000 minimum. He says the gold/silver ratio will fall to 20 to 15/1. With a current ratio of 80/1, that would mean gold should outperform silver by a factor of four.

How many more rate hikes can the system hold? If rates rise by a significant proportion, the system will implode.
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Author: Brian Hyland

I am a part of the movement to Truth!

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