from King World News
one of the savviest and most well-connected hedge fund managers in the
world spoke with King World News about the takedown in gold and silver.
Outspoken Hong Kong hedge fund manager William Kaye, who 25 years ago
worked for Goldman Sachs in mergers and acquisitions, had this to say in
his powerful interview.
Kaye: “The capping strategy is in place. There is no evidence as of
yet that the Fed and the BIS, who I am certain are behind all of this,
have the capability, even if they wanted to, to push things much lower
because they don’t have the physical gold that would be necessary to be
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take a big macro view of gold here, and what I sense all along is that
the Western central banks must really be running on fumes when it comes
to (physical) gold. I must say that I am never disappointed by the data
points that I see in physical gold.
For example, I just saw the Perth Mint, their gold sales were up 50%
and the silver sales are up 70%. The Bank of England, the Royal
Canadian Mint, all of the sales are up and getting into seriously high
numbers. All the while, this is all predicated on the gold and silver
supplies hardly going up at all.
In fact, I think the gold supply will be down this year from maybe even back to (the year) 2000.
Eric Sprott continues @ KingWorldNews.com