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Central banks take metal out of London on every price smash, Maguire says
12:03p ET Saturday, March 25, 2023
Dear Friend of GATA and Gold:
On Kinesis Money's "Live from the Vault" program this week, London metals trader Andrew Maguire says that every time the gold price is slapped down sharply, central banks are buying and removing real metal from members of the London Bullion Market Association -- metal that then becomes unavailable for leasing and shorting, tightening supply.
The program is 40 minutes long and can be seen at YouTube here:
https://www.youtube.com/watch?v=f5WLOPk8WQQ
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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