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Maguire says HSBC will close London vaults; Celente asks where GLD metal goes
3:28p ET Friday, March 6, 2015
Dear Friend of GATA and Gold:
In his interview today with King World News, London metals trader Andrew Maguire adds that bullion banker HSBC is closing all seven of its gold vaults in London:
http://kingworldnews.com/andrew-maguire-smashed-gold-today-hsbc-shocks-c...
Since HSBC is custodian for the gold purportedly held by the major gold exchange-traded fund GLD, trends forecaster Gerald Celente wonders in a KWN interview what's going to happen to the metal:
http://kingworldnews.com/celente-closing-london-gold-vaults-will-shake-w...
Of course a bunch of gold vaults have opened lately in China and Singapore. Maybe they would have room -- if they don't already have the gold too.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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