You are here

Hong Kong fund manager identifies refinery recasting central bank gold

Section: Daily Dispatches

4p ET Tuesday, July 16, 2013

Dear Friend of GATA and Gold:

Interviewed by the German financial journalist Lars Schall, who is certainly getting around today, Hong Kong fund manager William Kaye elaborates on his interview last week with King World News --

-- and identifies the Hong Kong gold refiner that is recasting Western gold, including Western central bank gold, for the Asian market.

Kaye remarks that this movement and recasting of gold should hardly be a sensation because it is completely consistent with everything known about the current gold market.


Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

Kaye also denounces Western exchange-traded gold funds as facilitating "enormous potential mischief and abuse" of gold investors at the hands of the bullion banks that are exclusively authorized to put gold into and take gold out of the funds.

The U.S. Federal Reserve and Bank for International Settlements, Kaye says, are backstopping the bullion banks in the gold price suppression scheme to control the currency markets.

Kaye also says that in accepting such a long period for the repatriation of its gold from the Federal Reserve Bank of New York, the German Bundesbank isn't serious about getting the gold back because it knows that the gold really isn't available.

It's a tremendous interview, 23 minutes long, and it's posted at the German Internet site The Metal Week here:

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

* * *

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

Or by purchasing a colorful GATA T-shirt:

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

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:

To contribute to GATA, please visit:


How to profit in the new year with silver --
and which stocks to buy now

Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.

Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.

To learn about this report, please visit: