John
Embry,
Senior
Strategist
ofSprott
Asset
Management
comments
on
the
purported
8,000
tons
of
paper
gold
dropped
on
the
market.
8,000
metric
tons
(2204
lbs.),
17.6
million
lbs.,
282
million
ounces,
were
unleashed
on
the
PMs
sector,
equivalent
to
a
Tsunami
of
selling
pressure.
The
institutions
and
big
players
are
clearing
their
short
positions
in
anticipation
of
an
explosive
move
to
the
upside
in
gold
/
silver.
New
economic
policies
to
revamp
the
domestic
infrastructure
could
balloon
the
already
bloated
US
national
debt
/
deficits
resulting
in
runaway
prices.
India
may
be
the
trial-run
/
a
petri
dish
for
a
global
cashless
society;
the
new
Treasury
secretary
is
a
former
Wall
Street
insider.
Global
citizens
are
advised
to
insist
policymakers
embrace
a
dual
cash
/
digital
system,
as
100%
transparency
also
eliminates
freedom.
Given
the
46
years
since
the
gold
window
was
shut,
salvaging
the
domestic
/
global
economy
may
be
beyond
the
means
of
policymakers.
Rob
Kirby
of
Kirby
Analytics
notes
that
the
smart
money,
deep
pockets
and
institutional
investors
are
diversifying
away
the
dollar
exposure
in
favor
of
PMs.
Our
guest
proposes
that
an
enormous
tonnage
of
gold
was
dropped
on
the
market
following
the
US
election
-
nearly
the
entire
US
reserves
at
Fort
Knox.
The
move
is
an
"act
of
desperation
by
policymakers"
to
contain
gold
and
give
the
false
illusion
of
weakness.
The
"Deep
State"
globalists
have
forced
India's
Modi
to
drop
the
1,000
/
500
Rupee
notes
to
quash
physical
gold
sales
during
peak
seasonal
demand.
Officials
in
India
admit
that
the
total
digital
currency
system
will
involve
100%
taxation
of
every
transaction.
Due
to
gold
leasing
schemes,
central
banks
are
creating
"Phantom
Gold"
that
exists
only
on
paper
concealing
a
Mount
Everest
sized
stack
of
IOUs.
When
combined
with
the
global
fiat
/
fractional
reserve
system,
7
billion
global
inhabitants
may
be
facing
the
perfect
"algorithm
of
economic
disaster."
A
favorite
economic
indicator
of
Warren
Buffet,
Freight
Traffic
remains
anemic,
suggesting
that
the
robust
GDP
figure
may
be
an
illusion.
Rob
Kirby
corroborates
Dr.
Stephen
Leeb's
speculation
that
the
PBoC
may
actually
own
10
times
as
much
gold
reserves
as
officially
reported.
Eventually
the
Yuan
will
eclipse
the
currencies
of
all
competing
BRICS
and
NATO
nations
as
the
de
facto
reserve
currency.
Investors
are
advised
to
prepare
for
a
tidal
wave
of
Greenbacks
resulting
in
Venuzeulan-like
prices.
US
officials,
via
the
new
Administration
have
a
duty
/
obligation
and
opportunity
to
secure
national
sovereignty
by
procuring
at
least
20,000
metric
tons
of
gold.
Right
click
above
&
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
Guest
Biographies
Kirby
Analytics
Sprott
Asset
Management
LP
Rob
was
born
in
1960
in
Halifax,
Nova
Scotia
and
moved
to
Toronto,
Ontario
with
his
parents
when
11.
He
received
his
post
secondary
education
at
York
University
[Economics]
in
Toronto.
When
he
finished
his
degree,
he
went
to
work
in
the
financial
district
[Bay
St.]
in
Toronto.
He
worked
on
an
institutional
trading
desk
for
most
of
the
1980s
and
right
up
until
1996.
He
also
worked
for
11
years
at
Prebon
Yamane,
an
international
inter-dealer
broker
of
foreign
exchange
and
interest
rate
products.
He
spent
an
additional
year
at
another
money/bond
broker
called
Freedom
Bond
Brokers
[which
has
subsequently
been
bought
out
by
Cantor
Fitzgerald],
then
spent
two
years
at
Garban
Inc.,
another
inter
dealer
bond
brokerage
in
Toronto
-
and
left
the
industry
in
1996.
He
started
writing
in
1997,
and
was
involved
in
a
number
of
entrepreneurial
pursuits
from
marketing
Buffalo
meat
to
a
part
time
stint
in
the
giftware
business.
In
2002,
he
went
to
work
for
Investor's
Group,
the
largest
Mutual
Fund
Company
in
Canada.
He
worked
there
up
until
September
'04
when
he
resigned
to
write
about
the
markets
-
and
his
book
-
from
a
"gold
bug's"
point
of
view.
John
Embry
joined
SAM
as
Chief
Investment
Strategist
in
March
2003,
with
a
focus
on
the
Sprott
Gold
and
Precious
Minerals
Fund.
He
plays
an
instrumental
role
in
the
corporate
and
investment
policy
of
the
firm.
Mr.
Embry,
an
industry
expert
in
precious
metals,
has
researched
the
gold
sector
for
over
thirty
years
and
has
accumulated
industry
experience
as
a
portfolio
management
specialist
since
1963.
After
graduating
from
the
University
of
Manitoba
with
a
Bachelor
of
Commerce
degree,
John
Embry
began
his
investment
career
as
a
stock
selection
analyst
and
Portfolio
Manager
at
Great
West
Life.
He
then
became
Vice
President
of
Pension
Investments
for
the
entire
firm.
After
23
years
with
the
company,
John
became
partner
with
United
Bond
and
Share,
the
investment
counseling
firm
acquired
by
Royal
Bank
in
1987.
John
was
named
Vice-President,
Equities
and
Portfolio
Manager
at
RBC
Global
Investment
Management,
a
$33
billion
organization
where
he
oversaw
$5
billion
in
assets,
including
the
flagship
$2.9
billion
Royal
Canadian
Equity
Fund
and
the
$250
million
Royal
Precious
Metals
Fund,
the
#1
ranked
fund
across
the
country
for
its
2002
net
performance
of
153%.
For
more
information
about
Sprott's
award-winning
investment
professionals
and
their
market
insights,
please
visit
us
at
www.sprott.com
or
contact
us
at
invest@sprott.com.
