http://investmentresearchdynamics.com/sot-52-john-embry-once-the-markets-reverse-they-will-reverse-violently/
The surprise move by the Chinese to devalue the yuan is a “signal event” because basically it’s going to lead to currency debasement everywhere – it’s going to expose everyone else. What could be a better advertisement for gold and silver?…When this finally explodes [gold] it’s not going to go up $50 or $100 bucks it’s going go up massively because the whole paper Ponzi scheme will be exposed. – John Embry
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