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William Kaye continues:


“When the music stops, what the leverage in the system should tell you is there aren’t going to be enough chairs.  So Germany, as a credible country, is saying, ‘We’re reserving our chair.’  Now this is exactly the type of catalyst that, as investors, we look for as owners of fully allocated gold ourselves.


We share many of Germany’s concerns....


Continue reading the William Kaye interview below...




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“We want our gold in a safe location, fully allocated, (where) no one else can have a claim on it.  We can go and touch it, and we know it’s there.  That’s exactly the process that Germany has going on currently, and it’s something that should be getting the attention of every investor.”


Eric King:  “Bill, do you think that other fund managers in your position are going to move in this direction going forward, to get the physical gold in their possession so they are not left with pieces of paper (claims)? 


Kaye:  “It’s already happening.  It’s happening quietly for the most part at the moment.  I think the potential here is what is starting as a trickle could become a flood.”


Eric King:  “Bill, is that your vision of this?  When you talk about this becoming a flood, you see people panicking eventually that are running money, countries as well, and saying, ‘We’re done with the pieces of paper (claims) at the LBMA, at the Bank of England, at the Fed, we want our gold and we want it right now.’  Is that what you see happening?”


Kaye:  “I do see that happening eventually.  Most people who think they own gold don’t own physical.  They own some piece of paper.  People who have that piece of paper, and therefore the false security that they have the underlying wealth, if even a small fraction of them start doing what we are doing and what others are doing, it will create the biggest short squeeze in any financial instrument in the history of the world.


Credible countries such as Germany continue to convert their assets (and paper claims) into physical, fully allocated gold.  It can’t be hypothecated.  It has very unique serial numbers.  It’s for their use only.  (As I said), only a small fraction of investors in the world need to do what we are doing to create an enormous short squeeze (in gold).  That short squeeze, when fully under way, would likely take gold to at least $5,000 to $10,000 an ounce.”


This is the first in a series of written interviews that will be released today with the outspoken hedge fund manager from Hong Kong.  Kaye, who roughly 25 years ago worked for Goldman Sachs in mergers and acquisitions, discusses the coming global systemic meltdown, and how it will impact investors and key markets around the world, including gold and silver.  The incredible audio interview with William Kaye is available now and you can listen to it by CLICKING HERE. 


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The interviews with William Kaye, John Embry, Rick Rule, Jean-Marie Eveillard, Stephen Leeb, Pierre Lassonde and Gerald Celente are available now.  Also, be sure to listen to other KWN interviews which include James Turk, Bill Fleckenstein, John Hathaway, Ben Davies, Nigel Farage, Eric Sprott and Art Cashin by CLICKING HERE.


Eric King

KingWorldNews.com

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