Embry - This is One of the Greatest Statements of All-Time

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/14_Embry_-_This_is_One_of_the_Greatest_Statements_of_All-Time.html

I would defer to Jim Sinclair, who I have the utmost respect for on this one.  He has said for a long time that the derivative situation ‘guarantees quantitative easing to infinity,’ which is one of the great statements of all-time....

“I think this JP Morgan revelation just confirms that everything Jim’s been saying for a long time on this subject is dead right.  The fact that we will have QE to infinity would suggest that an intelligent person would be buying every single ounce of gold and silver he can get his hands on at these prices.

They are trying to sell this idea that gold goes down on the ‘risk off’ trades that we are experiencing now.  And that the ‘risk off’ buyers all go running into the US dollar and the US bond market.  I think those are two of the riskiest things on the planet.  But somehow they are still getting this ‘Pavlovian response’ that when things are bad out there, you should sell your gold and buy US bonds.  It’s ridiculous.