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Burn the paper gold shorts, Pacific Group's Kaye tells King World News
Published : January 30th, 2013
155 words - Reading time : less than a minute
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Keywords :   Gold | Gold Market | Hong Kong | Paper Gold | Vault |

Hong Kong-based fund manager William Kaye of Pacific Group today gives King World News an incendiary interview about liberating the gold market from the stranglehold of imaginary paper gold.

Kaye, who told Bloomberg News a week ago that Pacific Group is taking delivery of $35 million worth of gold bars to be stored in a vault in Hong Kong (http://www.gata.org/node/12150), says today that "if even a small fraction" of gold investors "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."

"It's already happening," Kaye adds. "It's happening quietly for the most part at the moment. I think the potential here is that what is starting as a trickle could become a flood."

An excerpt from the interview, the first of what are to be three parts, is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2013/1/29_Ex...

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Chris Powell

Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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