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U.S. gold suppression policy has been figured out and isn't working anymore, Maguire tells LFTV

Section: Daily Dispatches

8:38a ET Saturday, September 21, 2024

Dear Friend of GATA and Gold:

Central banks not aligned with the United States have figured out U.S. gold price suppression policy and are blowing it away with steady purchases of physical gold, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program with Shane Morand.

Maguire says there are many indications that these central banks plan to reincorporate gold into international trade payments, avoiding the U.S. dollar, and the more the U.S. Federal Reserve tries to knock the gold price down, the more those central banks acquire real metal.

Via intermediaries to evades U.S. and European Union economic sanctions, gold already is being used increasingly as a trade currency, Maguire adds.

Russian traders anticipate a gold price of $3,500 soon, Maguire says.

The program is 50 minutes long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=xin69ZVpmP0

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


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