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Message: Too Much Gold Paper, not Enough Metal

Interviewed this weekend by Eric King of King World News, Tocqueville Gold Fund manager John Hathaway remarks that all the fundamentals for gold's rise remain in place, that there is hugely more paper gold than real gold, that only high real interest rates or gold backing for currencies can restore confidence in the financial system, and that any gold backing for currencies likely would put gold's value in four or even five digits.

The interview is 13 minutes long and you can listen to it at King World News here:

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/1/22_John_Hathaway_files/John%20Hathaway%201%3A22%3A2011.mp3

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