Coming Short Squeeze In Gold To Shock The World

This is a must-read interview of a money manager in Hong Kong.  He's an ex-Goldmanite, a former status quo guy who is obviously blowing the whistle on re-hypothecation in the physical gold markets.  Unlike London or New York, Hong Kong is mostly a physical gold market, not a paper exchange.  Hong Kong is the pathway for physical gold to enter mainland China, who is already the world's largest producer of gold.  Between their prodigious extraction and their voracious imports of gold, China has surpassed India as the world's largest consumer of physical gold.

It doesn't take much speculation to connect the dots and understand China is in a race to back the renminbi with gold as China seeks reserve currency status.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/29_Exclusive__Coming_Short_Squeeze_In_Gold_To_Shock_The_World.html