Singapore Fund Manager – Perfect Storm Now In Gold & Silver
August 14, 2013
Today one of the most highly respected fund managers in Singapore warned King World News that a “perfect storm” has developed in the gold and silver markets. Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, also spoke about the ongoing massive demand for physical gold out of Asia. Below is what Williams had to say in part II of this powerful interview series that has now been released.
Eric King: “John Embry talked about this all-in gamble from the central planners to smash the gold price. Embry is right, this did blow-up in their faces. How close are we to some kind of event that is going to send this in to some kind of a tailspin?”
Williams: “You have what is basically a perfect storm here because the biggest sellers of gold over the last 20 years have been the central banks. Not only have you taken the biggest supply out of the market, but you’ve turned it into demand, and it’s captive demand….