'Scrap' in gold supply reports is really leased central bank gold, Kaye tells KWN


9:22p ET Tuesday, August 20, 2013

Dear Friend of GATA and Gold:

Hong Kong fund manager William Kaye tells King World News today that gold supply categorized as "scrap" in the reports of market analysts like the World Gold Council is almost certainly gold borrowed from central banks, sold into the market to suppress the price, and disguised. Kaye also notes the irony of the Reserve Bank of India's obstructing the Indian people's acquisition of gold while never defending the rupee by selling its own metal. An excerpt from Kaye's interview is posted at the King World News blog here:


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


Jim Sinclair plans Westchester County seminar Sept. 4

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