from King World News

Today John Embry told King World News, “I firmly believe that if you look at all of the Western central banks, and the gold they allegedly own, I believe a significant portion of that is not in their vaults.” Embry also stated, “So they can say all they want, but in the end the truth will be revealed by the lack of physical gold in the market as they run out of enough gold to keep the price under control.” Embry also predicted, “The revelation of this central bank conspiracy will make the Libor scandal pale in comparison.”

But first, here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say about missing central bank gold: “Well I’m glad that some light is being shed on this publicly. This has been a contention of the Gold Anti-Trust Action Committee for years, that a lot of the central bank gold is not in the vaults. Gold ownership has changed hands as it’s been swapped, leased and what have you. I think this is very important that this is coming to light.”

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