Central banks don't have the gold they claim

Central banks don't have the gold they claim, Embry tells King World News

Submitted by cpowell on Wed, 2011-06-22 23:38. Section: Daily Dispatches

7:33p ET Wednesday, June 22, 2011

Dear Friend of GATA and Gold (and Silver):

Sprott Asset Management Chief Investment Strategist John Embry, who will speak at GATA's Gold Rush 2011 conference in London in August (http://www.GATAgoldrush.com), today tells King World News that central banks are lying about their gold reserves, that there never will be an audit of the U.S. gold reserve, that gold and silver mining shares are under a malign and manipulative influence but are very cheap and will rebound, and that the decline of futures market silver inventories is an indication that the silver price suppression is coming to an end. Excerpts from the interview are headlined "Embry: Western Central Banks Don't Have 30,000 Tons of Gold" and you can find it at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/22_Em...

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