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Gold revaluation is a process, not an event, Maguire tells LFTV
8:22a ET Saturday, March 22, 2025
Dear Friend of GATA and Gold (and Silver):
On this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says the Trump administration's plans for sweeping tariffs on imports into the United States prompted the Federal Reserve to begin repatriating its leased and swapped gold but this ran into demand for real metal by central banks and then into demand by investment houses.
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There isn't enough real metal available to cover longstanding short positions in gold, Maguire says, thus guaranteeing higher prices.
Gold revaluation is a process, not an event, Maguire says, and it has a long way to go.
This week's edition of "Live from the Vault" is 35 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=KoUWF6bjppc
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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