Disappearing Gold Inventories, Financial Collapse & The Fed
May 13, 2013
Today outspoken Hong Kong hedge fund manager William Kaye, spoke with King World News about disappearing gold inventories, financial destruction and the Fed. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions and who is the founder of Pacific Group, had this to say in part I of an extraordinary written interview series which will be released today.
Kaye: “Stocks in our opinion have been driven higher by all of this cocaine from the Fed and the other central banks. So we live in this financial Potemkin village in which stocks are overpriced. I can’t give you a date as to when they will collapse, but I can tell you with great certainty that they will.
Bonds are widely overpriced with the obvious reason that the Fed itself is 70% of the US Treasury market. So stocks and bonds are overpriced and everyone is printing money. Just in the last week the ECB lowered rates and told you in the narrative they would lower them further….