John tells Silver Doctors conditions remind him of 2008 and the Dot-Com Bubble except it’s more distorted now so the collapse will be more chaotic…
John Embry interviewed by Silver Doctors
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.
How many more rate hikes can the system hold?
If rates rise by a significant proportion, the system will implode, he says.
Tune in to the entire interview below for this timely update from John Embry.
About the Interviewer
Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.