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China facilitates gold acquisition by its people to guard against U.S. sanctions, Maguire says

Section: Daily Dispatches

11:10p ET Friday, June 2, 2023

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells Kinesis Money's "Live from the Vault" program this week that China has modified its domestic banking system to facilitate gold and silver purchases by the country's population so that people may protect themselves against the threat of U.S. economic sanctions.

Maguire also discusses how the "trade at settlement" mechanism on the New York Commodities Exchange is being used to control the gold price even as it is being exploited by foreign buyers to acquire metal at a discount.

The program is 38 minutes long and can be seen at YouTube here:

https://www.youtube.com/watch?v=Y3ShvsPcgFs

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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