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Gold re-introduction as currency at $7000 levels: John Embry

September 22 2011, 09:11

FMX|Connect- WWW.FMXConnect.com (Reported on 9/22/2011)

Gold re-introduction as currency at $7000 levels: John Embry

Source: CommodityOnline.com

Gold and Silver prices could shoot up on escalating US and Euro zone problems and the upside could knock your socks off, says John Embry of Sprott Asset Management. He expects gold to be reintroduced into the currency system.

“I have seen some wild estimates, $5000 to $10000 in gold. I am not going to say that but it wouldn't surprise me” says Embry, the man who correctly predicted in the August of 2010 that “if gold is not between $1,500 and $2,000 in the next 18 months, I'm dead wrong” in a mineweb interview. To read the full article, Click Here.

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