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Williams:  “At some point all of these little signs are going to matter because they are important.  And we are dealing with a physical, finite supply of a precious metal, and there is only so much of it to go around.  There are unlimited amounts of paper, but that really is worth nothing....


Continue reading the Grant Williams interview below...




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“And so that (paper) can be traded around, backwards and forwards, up to a point, but one day it’s going to matter, and it’s going to matter from a physical sense.  People are not going to want to hold paper anymore, and they are going to insist on having physical gold delivered.  And with the warehouses the way they are, the tightness of supply, you can’t have that situation going on and not have an increase in price.”


Eric King:  “Grant, can you talk about your vision of what you just described?  You said at some point, some day it’s going to matter.  Can you talk about that?  When people come in like a tidal wave and say, ‘We want physical gold,’ what will that look like?”


Williams:  “We don’t know what is going to trigger it.  This rating downgrade yesterday by Dagong (where the Chinese rating agency downgraded the US), a year ago it would have been just shrugged off and laughed at.  And for some reason, yesterday that mattered.  And it mattered significantly to the dollar and to gold.


Now, when these things happen, because of the tightness that’s been built up in the markets in the short supply, and the strong demand for physical gold, when this thing does matter, the day that people decided, ‘You know what, I want physical -- paper is not going to cut it anymore,’ all hell is going to break loose because the physical gold just isn’t there.


We could see things like defaults.  We are going to continue to see things like the GLD getting raided.  You had a great interview this week with William Kaye on KWN.  Bill is all over this stuff and he’s absolutely right that the gold in GLD is disappearing fast.  They have lost 34% of their gold, and yet you look at Eric Sprott’s Trust and he’s losing less than 2%.


So it tells you something.  But at the end of the day, the numbers are very clear, the data is very clear, and we are talking about physical metal here, and there is only so much of it to go around.  So, what’s it going to look like?  I don’t know the mechanics of how it’s going to translate itself, Eric, but I know what it’s going to look like -- it’s going to look like pandemonium.”


IMPORTANT - KWN will release interviews with Eric Sprott, Grant Williams & others all day today & this weekend.


IMPORTANT - This was an incredibly powerful interview with Williams.  The Singapore fund manager warned about the paper claims on gold and also spoke about why the price of gold and silver are very close to exploding higher.  The audio interview with Williams is available now and you can listen 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 audio interviews with Eric Sprott, Grant Williams, Rob Arnott, Andrew Maguire, Art Cashin, Egon von Greyerz, Bill Fleckenstein, David Stockman, Robin Griffiths, Jim Grant, William Kaye and Dr. Paul Craig Roberts are available now. Other recent KWN interviews include Marc Faber and Felix Zulauf to listen CLICKING HERE.


Eric King

KingWorldNews.com

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