KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 

John Embry continues:


“The Chinese announced they had record gold imports in the month of December, and for 2013.  For the year they imported 834 tons.  Then, it came out today that Mr. Putin has been turning his black gold, which is oil, into as much gold as he can get his hands on.


So the two, I would say avowed enemies of the United States, China and Russia, are just taking advantage of this opportunity to pile up all of the physical gold they can....


Continue reading the John Embry interview below...




Advertisement


To hear what billionaire Eric Sprott & Rick Rule are doing with their own

money and which $10 billion company John Embry &

Dr. Marc Faber oversee click on the logo:













“I will tell you something else, both of these countries are aware of everything that GATA has alleged for the past 14 years.  I went to a conference in the Yukon back in 2005, and one of the guys attending was Putin’s right hand man, Andrey Bykov.  Bykov was fascinated at what was being presented.  Not surprisingly, the gold price went up about 60% over the next six months.  I believe it was the Russians buying, and we are continuing to see them acquiring gold.


The Russians are one of the largest buyers of central bank gold, and they are aware of the true nature of the gold market.  Mr. Putin and his associates are saying that if the US dollar gets into a difficult position, those countries which have a lot of gold to back their currencies are going to be in an infinitely better position than those that don’t.


This is why the Western gold is headed East and the Western hoards are being hollowed out.  I just think the Westerners are making a catastrophic error here, and I hate to see what’s happening as a committed Westerner.”


Embry also added: “I’ve always been sort of a maverick in the sense that I didn’t think the gold production would go up irrespective of what the gold price did.  All of the real easy, low hanging fruit has already been mined or is currently being depleted.


At the same time, anything new that’s of any significance tends to be in third world countries.  One of the finest discoveries which has been made in the last couple of decades was the one in Ecuador which was found by Keith Barron’s group.


That discovery still isn’t in production.  I had always agreed with a number of mining executives that believed we were at peak gold production.  But now I take it one step further.  The juniors that do the exploration in the mining sector have been literally devastated, and half to a third of them will go totally out of business in the next 12 months.


In that instance I don’t think we’re going to be finding much new gold at all.  So consequently, as these existing mines get depleted and all mined out, I think production will fall dramatically, irrespective of what the gold price does.  When you put that in the perspective of central banks, which have gone from being large suppliers of gold for years and years and now they are taking gold out of the market, you’ve had a swing of at least 1,000 tons per year in central bank activity. 


When you put this into the context of a market that’s only about 4,000 tons per annum, and then you add to this the fact that future gold production is literally set to plunge, I think there is no choice but for the price of gold to go ballistic on the upside.  It’s just a matter of how long these paper shenanigans can continue.  Once these (paper shenanigans) are over, and they will certainly be over at some point, the price will go up by multiples of the current level.”


King World News has released Eric Sprott’s audio interview and you can listen to it by CLICKING HERE.  Also, Sprott Asset Management will be having their conference call tomorrow at 12 PM EST with Eric Sprott, Rick Rule and John Embry.


***Important Notice - King World News Responds To Attack On Its Internet Site


Powerful entities do not want our global audience to have access to the material that King World News provides.  Each time KWN releases an interview from certain key sources, our internet site is attacked.  This is the war that King World News has been fighting behind the scenes on the Internet.  


At this time I have decided to break my silence on this subject because of concerns that the latest events could be part of a much broader effort to suppress content on the Internet.  The Internet must remain a place for free speech and free inquiry, let's hope it stays that way.


KWN is protected by the top company in the world in this area and they now have us online with no malware and no problems.  If you have been to the KWN Internet site in the past 48 hours, please erase the cookies and cache in your Internet browser and start fresh.


We have two incredible interviews with Eric Sprott and Art Cashin on King World News this weekend.  


From all of us at King World News we would like to thank all of the readers and listeners for their patience, and the many sites around the world that reached out to assist KWN.  With your help we fight on.


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The interviews with Eric Sprott, Art Cashin, Michael Pento, MEP Nigel Farage, and Michael Belkin are available now.  Also, be sure to listen to the other recent KWN interviews which included James Dines, William Kaye, John Embry, Jean-Marie Eveillard, Rick Rule, Pierre Lassonde, Gerald Celente, and John Hathaway by CLICKING HERE.


Eric King

KingWorldNews.com

To return to BLOG click here.



 
 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_25_link_0shapeimage_25_link_1

© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_28_link_0shapeimage_28_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_29_link_0shapeimage_29_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html