"But the fact is that, with the paper gold market, if you look at the short positions that the commercials, that the bullion banks, which are the agents of the US government are running, it is a complete fraud, because they could not possibly deliver on their paper promises if they were called by the people on the other side of the trade. The gold is not there to deliver. They have cleaned out most of the western central banks. So we are real close. I think gold will be $1500 before the end of the year." - John Embry (of Sprott Asset Mgmt)