Gold To Soar As West Enters A Frightening Economic Ice Age
May 15, 2013
Despite the smash today in gold and silver, one of the most well connected hedge fund managers in the world told King World News that gold is heading thousands of dollars higher as the West enters a frightening economic “Ice Age.” Outspoken Hong Kong hedge fund manager William Kaye also discussed how America and its middle class will emerge from the coming financial destruction. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in the fourth and final segment of his written interview series with KWN.
Kaye: “This is not a good setup. This is a setup in which gold has been suppressed, and paper instruments that people own have been artificially inflated. So when the system collapses on itself, and it will, the inevitable result will be that gold will be reset upwards (in price) somewhere between $5,000 and $10,000….