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Link between paper gold and real metal is stretched to the limit, Hathaway tells KWN
11:45p GMT Tuesday, December 2, 2014
Dear Friend of GATA and Gold:
Tocqueville Gold Fund manager John Hathaway grows more radical by the hour, sounding a lot like Hinde Capital CEO Ben Davies in an interview today with King World News, remarking that "we are reaching an inflection point" where trends will reverse "and investors will start to lose confidence in financial assets, the Fed, and central banks in general."
"The physical market is incredibly tight and you can see this in gold lease rates, GOFO, and that kind of thing," Hathaway says. "That tells me that the link between paper and physical gold is being stretched to the limit and perhaps to a breaking point as bullion banks scramble to find metal to cover their shorts."
Thanks to KWN for steadfastly giving voice to those who would oppose the Evil Empire. To be defeated it needs only to be exposed.
Hathaway's interview is excerpted at the KWN blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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