One of the most highly respected fund managers in Singapore spoke with King World News about the incredible events taking place in the war on gold. Grant Williams, who is portfolio manager of the Vulpes Precious Metals Fund, also warned that the shorts in the gold market are becoming increasingly desperate. He also discussed how this war will ultimately end and what all of this means for investors in gold in his powerful interview below.
Eric King: “Grant, I know you’ve read the KWN interview with six-decade market veteran Ron Rosen. He spoke about about Western governments and their ongoing war against gold and against the primary bullish trend. He warned that the West is literally destroying itself with this war on gold. What were your thoughts as you read Rosen’s comments?”
Williams: “Once you start down a road and get yourself in too deep, you have to keep pushing on. Going back is no longer an option. So we’ve seen this desperation with the way the gold market has been handled over the last few years. We’ve seen these egregious price smashes in the paper gold market on big volume.
“This takes place even when the gold isn’t available in the physical markets. But these raids have been done consistently. We saw one (raid) yesterday, when a 4,000 contract sale took place in just a few seconds and smashed the gold price $30 lower. But the paper price just rebounded. ...