Prepare For More CHAOS Than 2008 | John Embry

The current financial environment reminds Sprott’s John Embry of right before the 2008 and Dot-Com crises. This time, since the system is distorted even more with higher debt, the collapse will be “chaotic.”

The U.S. Dollar has rallied for the last few weeks. The metals have remained stable despite the Dollar rally. “If the Dollar is the world’s strongest currency, you can’t own enough gold and silver if you start looking into the fundamentals underlying the Dollar. If the Dollar’s strong, it says volumes about how terrible the rest of the world’s currencies are.”

John Embry’s price target for gold is $3000 minimum. He says the gold/silver ratio will fall to a 15 or 20/1. With a current ratio of 80/1, that would mean silver should outperform gold by a factor of four.

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DISCLAIMER: The financial and political opinions expressed in this video are not necessarily of “Finance and Liberty” or its staff. Opinions expressed in this video do not constitute personalized investment advice and should not be relied on for making investment decisions.
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