Trust in gold market collapsing, fund manager Kaye tells KWN

Section:

6:22p ET Wednesday, July 24, 2013

Dear Friend of GATA and Gold:

Hong Kong fund manager William Kaye, interviewed today by King World News, says rising premiums for delivered gold over mere contracts signify the collapse of trust in the gold market. As a result, Kaye says, "the setup for gold is as good as if not better than Nasdaq tech stocks in the early 1990s." Kaye's commentary is excerpted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/24_Th...

Also interviewed by King World News, fund manager Stephen Leeb chimes in: "The West, including the Bank for International Settlements, has thrown everything it can at gold in a desperate attempt to convince people around the world that gold is not a currency. It is quite clear at this point that this desperate gamble by the West has failed miserably."

Leeb's interview is excerpted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/24_Fa...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



ADVERTISEMENT

Is your gold safe, secure, and guaranteed?
Why storing it in Canada may be right for you

Canada is one of the safest places to store bullion because of its prosperity and economic and political stability. By vaulting your bullion with Sprott Money's Canadian storage program, you guarantee that your metals are stored securely and privately with little risk.

-- We store with Brink's, a private and non-bank storage facility renowned for its integrity, security, and efficiency.

-- Your precious metals will be safe under the protection of Brink's world-class technology and infrastructure.

-- Your precious metals will be fully insured by Brink's and Sprott Money. In the unlikely event of loss, theft, or physical damage to your metal, you will be fully compensated.

Sprott Money is a recognized and trusted name in the precious metals industry. For more information, please visit:

http://www.sprottmoney.com/store-with-us



Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16