John Embry on gold and the US FED
In the Investor’s Digest (Canadian investment paper published bi-weekly) issue of January 2, 2006, John Embry, chief investment strategist for Sprott Asset Management, said that the US Fed would no longer be providing details of dollars in circulation, known as M3, as of the end of March 2006.
The FED has gone to great lengths to hide the true state of inflation in the US. The FED knows what is coming - massive amounts of dollar creation to fund the worsening trade and federal government budget deficits.
He sees gold prices, which have doubled since 1999, doubling again, in a much shorter period of time.