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Payment in gold earns big discount on Russian oil in London trading, Maguire says
9:23p ET Saturday, April 23, 2022
Dear Friend of GATA and Gold:
In this week's "Live from the Vault" program from Kinesis Money, London metals trader Andrew Maguire tells host Shane Morand that, through intermediaries -- presumably Chinese -- Russian oil is available at a big discount via trading in London when purchased with gold. This arbitrage is increasing demand for real metal in London, Maguire says, and he expects it to put great strain on the "paper" gold trade there.
The program is 36 minutes long and can be seen at YouTube here:
https://www.youtube.com/watch?v=j01xu4p_QtE
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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