Embry warns about precious metals ETFs

At Silver Summit, Embry warns about precious metals ETFs

Submitted by cpowell on Fri, 2009-09-25 14:35. Section: Daily Dispatches

10:30a ET Friday, September 25, 2009

Dear Friend of GATA and Gold (and Silver):

At the Silver Summit in Spokane, Washington, Sprott Asset Management's chief investment strategist, John Embry, expressed doubt that precious metals exchange-traded funds really have the metal they claim to have. The report comes from MineWeb's Dorothy Kosich and is headlined, "Sprott's Embry Warns Investors to Make Sure ETFs Backed by Precious Metals" and you can find it at MineWeb here:

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=89796&sn=Detai...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.