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West's suppressed gold price is increasingly arbitraged in East, Maguire says
11:59a Sunday, September 24, 2023
Dear Friend of GATA and Gold:
On Kinesis Money's "Live from the Vault" program this week, London gold trader Andrew Maguire says suppressed Western gold prices are increasingly being arbitraged with higher prices in the East, especially in barter trade for oil in Russia.
Maguire adds that gold is perfect currency for evading Western economic sanctions, especially for oil, and that China is preparing to evade sanctions resulting from the attack it is planning on Taiwan.
The program is 42 minutes long and can be viewed at YouTube here:
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