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The Upside for Gold and Silver Will Knock Your Socks Off – Embry
Aug. 24, 2011 11:56AM PST
Precious MetalsMineweb reported on analyst John Embry’s claim that surging gold and silver prices indicate an unsustainable global debt situation.
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.
