Today the man who has been one of the most accurate in the world at calling movement in the gold price spoke with King World News about what is taking place in the physical gold market. William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also addresses what this will mean for the price of gold going forward. Below is what Kaye had to say in his timely interview.
Kaye: “The longer-term picture (for gold) is extremely bright. The picture in China itself is phenomenal. Right now China is, in terms of final demand, consuming virtually 100% of non-China global production of gold. This is an amazing thing when you think about it….