Mineweb reported on analyst John Embry’s claim that surging gold and silver prices indicate an unsustainable global debt situation.
The market news is quoted as saying:
While this rather bleak scenario does not bode well for the financial system as a whole, gold’s performance over time [as well as that of silver] is likely to “knock your socks off”, Embry says. But, he adds, especially after this latest move, he would prefer to see a correction in prices before that happens.
To read the full market news, click here.
