You are here
A central bank is seeking gold through Comex 'exchange for physicals,' Maguire tells KWN
8:45p ET Friday, April 26, 2019
Dear Friend of GATA and Gold:
In an interview today with King World News, London metals trader Andrew Maguire says a central bank is seeking to acquire gold with the mysterious "exchange for physicals" mechanism by which gold futures contracts on the New York Commodities Exchange appear to be transferred to London for delivery without any actual delivery ever being made there.
Maguire insists that the physical gold market is beginning to discipline the paper market, where price smashdowns have been frequent lately but of less lasting effect than in the past.
The interview is excerpted at KWN here:
https://kingworldnews.com/andrew-maguire-one-central-bank-is-exploiting-...
CHRIS POWELL, Secretaty/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.
Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.
Crucial guides to storage in Singapore and Switzerland can be read here:
http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore
http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at info@goldcore.com or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at: http://www.goldcore.com
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
