mick silver
22nd January 2014, 04:39 AM
With continued uncertainty around the globe, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, spoke with King World News about the Rothschilds, Deutsche Bank, and the final end game. John Embry also discussed the extraordinary events taking place in the war on gold as well as what this means for investors around the world in his astonishing KWN interview.Embry: “Last week I said the tone in the gold market was changing, but subsequent to that we have had a number of events that assure me the tone is changing. One of them pertains to this revelation by the German regulator, Bafin, that the gold market is more rigged than the LIBOR market was....“That comes as absolutely no surprise to me because I’ve known the gold market is massively rigged for over a decade. But to hear that come out of a person who is inside of the system is very, very significant. Then, when you put that into context with what’s happening with Germany and their gold it all makes a lot of sense.
The Germans own roughly 3,400 tons of gold, but most of it is at the New York Fed, Paris, and in London. Well, a little over a year ago they were getting pressure because the German citizens were on their back, so they asked for only 300 tons of gold stored at the New York Fed to be returned, and the rest from Paris.
The Germans were told they would not get that very small portion of the gold stored at the New York Fed back for 7 years. This was the first tipoff that something was wrong. Well, lo and behold, a year has passed and they’ve only gotten 37 tons back out of this massive amount of gold the Germans have held outside of the country, but only 5 tons was sent from the Fed -- 5 tons!
The Fed allegedly stores over 1,400 tons of gold for the Germans, and they only got 5 tons back in one year. If that doesn’t tell you that this German gold which is allegedly held at the Fed, as well as the other gold the Fed is supposedly storing for many foreign countries, hasn’t been leased, swapped, hypothecated, and rehypothecated, nothing does. So I think we are on the verge of something big happening in the gold market.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/20_The_Rothschilds,_Deutsche_Bank_%26_The_Final_En d_Game_files/KWN%20Embry%20II%201%3A20%3A2014%20%20.jpg
Right on the heels of that, Deutsche Bank dropped out of the London gold price fix. There are five entities that set the price each day, and after the German announcement that they received very little of their gold back from the Fed, Deutsche Bank drops out of the gold price fixing. So there is something major happening here.
But I find it fascinating that Deutsche Bank left the gold price fixing in London. I remember vividly what happened 10 years ago when the Rothschilds left the London fix. At that point the gold market was still laboring around $400, and everybody said, ‘Oh my God, the Rothschilds are leaving the London fix, this must mean there is no future whatsoever for the gold market.’
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/20_The_Rothschilds,_Deutsche_Bank_%26_The_Final_En d_Game_files/KWN%20Embry%20I%201%3A20%3A2014%20%20.jpg
I took a different view. I said they (the Rothschilds) were going ‘underground’ because they wanted to participate in the massive upside they knew was coming, and over the next 7 years the gold price went up over $1,500! This is why I think Deutsche Bank leaving the London gold fix is so huge, along with that German revelation.
I believe we are going to see history repeat itself on a much larger scale this time. I fall into that $5,000 to $10,000 gold camp now because I think the debasement of currencies, as Egon von Greyerz and Robert Fitzwilson pointed out so brilliantly, is just on the cusp of exploding, and we are about to see a repeat of what happened when the Rothschilds left the London gold fix, only this time it is Deutsche Bank lighting the fuse in the gold market.”
Embry added: “All of this gold that’s gone to China, that’s just part of the issue. I think there is very little gold now left in official circles in the West. And when the Western vaults are completely empty, I think we are going to see a gold price increase that is going to shock us.
I saw Egon von Greyerz, who I have enormous respect for, say gold was going through $2,000 this year. My business partner, Eric Sprott, is talking $2,500. I have absolutely no problem with any of those numbers. When gold goes, it’s going to go like a scalded cat.”
IMPORTANT - KWN will be releasing interviews all day today.
IMPORTANT - Powerful entities do not want people to have access to the news that KWN provides. As a result we have had a constant interference with the news feed on our home page. Simply reload the home page until you receive the news feed, or go straight into the KWN blog. You may need to clear your cache in order to see the latest news story. KWN readers can simply google “how to clear cache” if they are unfamiliar with how to do this.
© 2014 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
The audio interviews with Eric Sprott, Andrew Maguire, Rob Arnott, William Kaye, David Stockman, Rick Rule, John Mauldin, Bill Fleckenstein, Egon von Greyerz, Art Cashin, James Turk, Dr. Paul Craig Roberts and Dr. Marc Faber areavailable now. (http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html) Other recent KWN interviews include Jim Grant and Felix Zulauf -- to listen CLICK HERE. (http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html)
Eric King
KingWorldNews.com (http://www.kingworldnews.com/kingworldnews/King_World_News.html)
To return to BLOG click here. (http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html)
The Germans own roughly 3,400 tons of gold, but most of it is at the New York Fed, Paris, and in London. Well, a little over a year ago they were getting pressure because the German citizens were on their back, so they asked for only 300 tons of gold stored at the New York Fed to be returned, and the rest from Paris.
The Germans were told they would not get that very small portion of the gold stored at the New York Fed back for 7 years. This was the first tipoff that something was wrong. Well, lo and behold, a year has passed and they’ve only gotten 37 tons back out of this massive amount of gold the Germans have held outside of the country, but only 5 tons was sent from the Fed -- 5 tons!
The Fed allegedly stores over 1,400 tons of gold for the Germans, and they only got 5 tons back in one year. If that doesn’t tell you that this German gold which is allegedly held at the Fed, as well as the other gold the Fed is supposedly storing for many foreign countries, hasn’t been leased, swapped, hypothecated, and rehypothecated, nothing does. So I think we are on the verge of something big happening in the gold market.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/20_The_Rothschilds,_Deutsche_Bank_%26_The_Final_En d_Game_files/KWN%20Embry%20II%201%3A20%3A2014%20%20.jpg
Right on the heels of that, Deutsche Bank dropped out of the London gold price fix. There are five entities that set the price each day, and after the German announcement that they received very little of their gold back from the Fed, Deutsche Bank drops out of the gold price fixing. So there is something major happening here.
But I find it fascinating that Deutsche Bank left the gold price fixing in London. I remember vividly what happened 10 years ago when the Rothschilds left the London fix. At that point the gold market was still laboring around $400, and everybody said, ‘Oh my God, the Rothschilds are leaving the London fix, this must mean there is no future whatsoever for the gold market.’
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/20_The_Rothschilds,_Deutsche_Bank_%26_The_Final_En d_Game_files/KWN%20Embry%20I%201%3A20%3A2014%20%20.jpg
I took a different view. I said they (the Rothschilds) were going ‘underground’ because they wanted to participate in the massive upside they knew was coming, and over the next 7 years the gold price went up over $1,500! This is why I think Deutsche Bank leaving the London gold fix is so huge, along with that German revelation.
I believe we are going to see history repeat itself on a much larger scale this time. I fall into that $5,000 to $10,000 gold camp now because I think the debasement of currencies, as Egon von Greyerz and Robert Fitzwilson pointed out so brilliantly, is just on the cusp of exploding, and we are about to see a repeat of what happened when the Rothschilds left the London gold fix, only this time it is Deutsche Bank lighting the fuse in the gold market.”
Embry added: “All of this gold that’s gone to China, that’s just part of the issue. I think there is very little gold now left in official circles in the West. And when the Western vaults are completely empty, I think we are going to see a gold price increase that is going to shock us.
I saw Egon von Greyerz, who I have enormous respect for, say gold was going through $2,000 this year. My business partner, Eric Sprott, is talking $2,500. I have absolutely no problem with any of those numbers. When gold goes, it’s going to go like a scalded cat.”
IMPORTANT - KWN will be releasing interviews all day today.
IMPORTANT - Powerful entities do not want people to have access to the news that KWN provides. As a result we have had a constant interference with the news feed on our home page. Simply reload the home page until you receive the news feed, or go straight into the KWN blog. You may need to clear your cache in order to see the latest news story. KWN readers can simply google “how to clear cache” if they are unfamiliar with how to do this.
© 2014 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
The audio interviews with Eric Sprott, Andrew Maguire, Rob Arnott, William Kaye, David Stockman, Rick Rule, John Mauldin, Bill Fleckenstein, Egon von Greyerz, Art Cashin, James Turk, Dr. Paul Craig Roberts and Dr. Marc Faber areavailable now. (http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html) Other recent KWN interviews include Jim Grant and Felix Zulauf -- to listen CLICK HERE. (http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html)
Eric King
KingWorldNews.com (http://www.kingworldnews.com/kingworldnews/King_World_News.html)
To return to BLOG click here. (http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html)