German financial journalist Lars Schall has released a MUST LISTEN interview with William Kaye, the Senior Managing Director of the Pacific Alliance Group of Companies
in Hong Kong who made waves last week in a KWN interview alleging he
owns gold bullion bars with the Bundesbank’s stamp and holds them in
Hong Kong.
Kay clarifies his powerful claims to KWN, and drops another major bombshell,
stating that the entire 3 month paper gold raid was orchestrated to
prevent the imminent systemic gold default by the bullion banks in the
days following the April gold default by ABN Amro:
“The paper smash on gold began only days after the official ABN Amro (gold) default. The purpose for this raid was to preclude the likelihood that all the major bullion banks would have followed in ABN Amro’s footsteps!
We have alot of corroborating evidence that it wasn’t just ABN Amro
that was running on empty as it related to gold inventories.
JP Morgan has record modern-era lows in gold inventory against massive
paper claims. Similarly, the COMEX is running close to empty as well
against massive outstanding paper claims. Essentially gold inventory in
the system that would be available to the bullion banks was running
very close to empty. That was the case in mid April, and it continues
to be the case today. ” -William Kay
No comments:
Post a Comment