John Embry Expects $1,500 Gold and Early Stage Hyperinflation by Year End

By The Gold Report
12 June 2009 @ 04:24 pm EDT

Back for another thought-provoking conversation with The GOLD Report, John Embry sees both good and bad news in the weeks, months and years ahead. For example, John - Sprott Asset Management's chief investment strategist - is braced for "an ugly summer," with "another significant test in the equity market." Before year-end, he anticipates $1,500 gold - but also the beginning of worldwide hyperinflation that may take many Americans by surprise. And while John is bearish on world economies for the next few years, within that same time he looks toward "numerous 5- and 10-baggers" among small-cap gold producers and junior explorers with solid projects.

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