Today John Embry told King World News that 2018 promises to be a very big year for gold, silver and the miners.
They Can’t Withdraw The Stimulus
December 22 (King World News) – John Embry: “Eric, we are certainly living in a very interesting period in history as the central banks continue to fuel historic financial bubbles. Bond prices are being supported at ridiculous levels, and it begs the question, why anyone would own a bond when the authorities are relentlessly debasing currencies globally and are now trapped? They can’t withdraw the stimulus without triggering a financial and economic meltdown of epic proportions…
There is a somewhat better logic behind the melt-up in stocks because they do in many cases represent real businesses and tangible assets which are worth more in the debased currencies. However, valuations have been taken to such extremes by historical parameters that they are terribly overpriced. How many times was the Tax Bill discounted on the upside as it worked its way through Congress? The bill will have minimal impact on the economy and it will surely exacerbate an already serious budget deficit situation. However, it has generated thousands of points on the upside in the Dow Jones Industrial average over the past year.
People Desperately Trying To Escape Failing Fiat System
The true story about currency debasement was reflected in the cryptocurrencies, which reached a mania stage. Governments are studying this space because it is a reflection of people trying to escape the rapidly failing fiat currency system that is currently in place around the world. But none of this has stopped the usual suspects from aggressively attempting to suppress the precious metals. Gold, silver and platinum were recently annihilated before beginning to see a turn because they are the powers that be’s worst nightmare when it comes to revealing the absurdity of their monetary policies. If gold and silver were trading in lockstep with the rest of the rapidly inflating financial assets, the ruse would be revealed and interests rates would rise precipitously around the world.
2018 Promises To Be Big Year For Gold, Silver & Miners
The true beneficiaries of all this are the Chinese and the Russians, who are relentlessly, and under the radar, accumulating large quantities of gold as they await the overthrow of the US dollar as the world’s reserve currency. But with silver trading below the all-in costs for a pure silver producer to dig it out of the ground, one cannot own enough physical silver at this juncture. I would also include gold in this category as well as the companies that mine the metals. The bottom line, Eric, is that 2018 promises to be a very big year for gold, silver and the mining shares.”
Speaking of gold…
In The Footsteps Of Giants
One of the top questions KWN receives from investors about the mining industry is always: “How do you know out of the thousands of companies there are to choose from which will take-off and which ones will falter?” The answer for smart money investors is always to look for proven leaders with previous success as a good indicator of future success. One individual that fits this description is pictured below with multi-billionaire Robert Friedland.
Multi-billionaire Robert Friedland chose this man to lead his expoloration team and it turned out to be a brilliant move because he was responsible for two of the largest and most important discoveries the world has ever seen while leading the team at Ivanhoe Mines. Investors across the globe are now following this man into his latest venture where he will help lead an exploration team where the CEO believes the team will deliver drill results that will send the stock price soaring more than 1,000 percent! Also, a legend in the business just made a 7-figure investment into this relatively unknown company. To get in on the ground floor and learn more about this remarkable company simply CLICK HERE.
***ALSO JUST RELEASED: This Is The Chart Of “Terror As We Head Into 2018 CLICK HERE.
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