Today one of the savviest and well connected hedge fund managers in the world shocked King World News by taking us once again on a trip down the rabbit hole that was nothing short of breathtaking. Outspoken Hong Kong hedge fund manager William Kaye spoke with KWN about the missing Fed and German gold, where it has gone, and how much gold the People’s Bank Of China (PBOC) really owns. This interview is going to stun readers around the world. Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in part I of his remarkable interview.
Kaye: “Global hegemony (leadership or dominance) is changing in a way that most people don’t fully comprehend. This area of the world, the Asia-Pacific, China in particular, is positioning itself to be the leading global power as we look out over the next five to ten years.
My sources tell me that contrary to the public numbers that are available, China has anywhere between 4,000 to possibly 8,000 tons of (physical) gold….
“They are not only the world’s largest producer of gold, but they are the largest importer of gold in the world.
This is an ongoing process for China. This is a strategic initiative. So China is massively accumulating the gold that is being extricated from the West at a very rapid pace. The dynamics here are very geopolitical, and the Far-East is being elevated by this.
In the ‘New World Order,’ which will ensue when this raid ends, China’s position, Russia’s position, Brazil’s position, will be greatly enhanced. The position of the United States, as well as Europe and the UK, will be greatly reduced. Those are the major consequences.”
Eric King: “Bill, you say China has over 4,000 tons of gold already, possibly as high as 8,000 tons. Where do you see them heading in terms of their overall ownership of gold?”
Kaye: “Well, they’re not done yet. Gold has been leased out, and we do know this (takes place) because it’s been admitted to by the major central banks. The Fed has admitted it, the European Central Bank has admitted it, the Bank of England has admitted it. They’ve all admitted that they engage in wholesale leasing of gold to the market.