GoldSeek.com Radio: John Embry and Rob Kirby, and your host Chris Waltzek

John Embry, Senior Strategist of Sprott Asset Management comments on the purported 8,000 tons of paper gold dropped on the market.
8,000 metric tons (2204 lbs.), 17.6 million lbs., 282 million ounces, were unleashed on the PMs sector, equivalent to a Tsunami of selling pressure.
The institutions and big players are clearing their short positions in anticipation of an explosive move to the upside in gold / silver.
New economic policies to revamp the domestic infrastructure could balloon the already bloated US national debt / deficits resulting in runaway prices.
India may be the trial-run / a petri dish for a global cashless society; the new Treasury secretary is a former Wall Street insider.
Global citizens are advised to insist policymakers embrace a dual cash / digital system, as 100% transparency also eliminates freedom.
Given the 46 years since the gold window was shut, salvaging the domestic / global economy may be beyond the means of policymakers.

Rob Kirby of Kirby Analytics notes that the smart money, deep pockets and institutional investors are diversifying away the dollar exposure in favor of PMs.
Our guest proposes that an enormous tonnage of gold was dropped on the market following the US election - nearly the entire US reserves at Fort Knox.
The move is an "act of desperation by policymakers" to contain gold and give the false illusion of weakness.
The "Deep State" globalists have forced India's Modi to drop the 1,000 / 500 Rupee notes to quash physical gold sales during peak seasonal demand.
Officials in India admit that the total digital currency system will involve 100% taxation of every transaction.
Due to gold leasing schemes, central banks are creating "Phantom Gold" that exists only on paper concealing a Mount Everest sized stack of IOUs.
When combined with the global fiat / fractional reserve system, 7 billion global inhabitants may be facing the perfect "algorithm of economic disaster."
A favorite economic indicator of Warren Buffet, Freight Traffic remains anemic, suggesting that the robust GDP figure may be an illusion.
Rob Kirby corroborates Dr. Stephen Leeb's speculation that the PBoC may actually own 10 times as much gold reserves as officially reported.
Eventually the Yuan will eclipse the currencies of all competing BRICS and NATO nations as the de facto reserve currency.
Investors are advised to prepare for a tidal wave of Greenbacks resulting in Venuzeulan-like prices.
US officials, via the new Administration have a duty / obligation and opportunity to secure national sovereignty by procuring at least 20,000 metric tons of gold.

Kirby Analytics

Sprott Asset Management LP

Rob was born in 1960 in Halifax, Nova Scotia and moved to Toronto, Ontario with his parents when 11. He received his post secondary education at York University [Economics] in Toronto. When he finished his degree, he went to work in the financial district [Bay St.] in Toronto. He worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers [which has subsequently been bought out by Cantor Fitzgerald], then spent two years at Garban Inc., another inter dealer bond brokerage in Toronto - and left the industry in 1996.

He started writing in 1997, and was involved in a number of entrepreneurial pursuits from marketing Buffalo meat to a part time stint in the giftware business. In 2002, he went to work for Investor's Group, the largest Mutual Fund Company in Canada. He worked there up until September '04 when he resigned to write about the markets - and his book - from a "gold bug's" point of view.

To visit the website please:click here.

John Embry

Sprott Asset Management LP

John Embry joined SAM as Chief Investment Strategist in March 2003, with a focus on the Sprott Gold and Precious Minerals Fund. He plays an instrumental role in the corporate and investment policy of the firm. Mr. Embry, an industry expert in precious metals, has researched the gold sector for over thirty years and has accumulated industry experience as a portfolio management specialist since 1963.

After graduating from the University of Manitoba with a Bachelor of Commerce degree, John Embry began his investment career as a stock selection analyst and Portfolio Manager at Great West Life. He then became Vice President of Pension Investments for the entire firm. After 23 years with the company, John became partner with United Bond and Share, the investment counseling firm acquired by Royal Bank in 1987. John was named Vice-President, Equities and Portfolio Manager at RBC Global Investment Management, a $33 billion organization where he oversaw $5 billion in assets, including the flagship $2.9 billion Royal Canadian Equity Fund and the $250 million Royal Precious Metals Fund, the #1 ranked fund across the country for its 2002 net performance of 153%.

For more information about Sprott's award-winning investment professionals and their market insights, please visit us at www.sprott.com or contact us at invest@sprott.com.

To visit the website please:click here.


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