Interesting information. I've actually read quite abit of literature by John Embry. He certainly has established himself as an expert in the industry. I agree with his thesis, I don't think that gold is trading at its true intrinsic value. Embry brings up a great point that it really is in the best interest of the central banks to make the precious metal as unappealing as possible.
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Larry Reaugh provides outlook on recent acquisition of 400K acre coal property
