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China expands trading to acquire more Western gold and silver, Maguire tells LFTV
10:27p ET Friday, November 29, 2024
Dear Friend of GATA and Gold:
The People's Bank of China has just authorized millions of smaller companies and traders to buy gold and silver on the Shanghai Gold Exchange, London metals trader Andrew Maguire says in this week's episode of Kinesis Money's "Live from the Vault" program. This expansion of trading, Maguire says, is designed to draw much more Western metal into China. He expects the gold price to reach $3,000 by the end of December and the new buying from China to set silver on its way to $100.
The program is 41 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=8uwJ8bN4p58
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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