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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (186084)	2/21/2025 1:25:02 PM
From: Goose94	Read Replies (1) \| Respond to of 202930

Gold: Knows. M.G.G.Au LBMA and Bank of England have defaulted with Gold February 21st 2025 With their delivery delays the London Bullion Market Association and the Bank of England already have effectively defaulted on their gold obligations in advance of a probable gold price revaluation, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program. Maguire says the massive transfers of gold from London to New York have been engineered by U.S. interests to recover some of the metal that has been loaned or swapped over many years as part of gold price suppression policy to support the U.S. dollar and sustain it as the world reserve currency. But, he adds, there's no way of getting back all the gold, and metal lost through defaulted loans and swaps may figure inconveniently in any audit of the U.S. gold reserve. Asian interests, Maguire says, continue to buy all the physical gold offered for sale in the West, which is why gold market price smashes in the West on Fridays have been getting no traction, with the price quickly rising back the following week to where it was at the time of the smash. According to Maguire, China's authorization for its insurance companies to invest in gold is a signal that China is aiming for a gold-backed currency. Chinese insurers might claim as much as a trillion dollars' worth of physical gold, Maguire says, though he doesn't say what a trillion dollars might be worth in real terms when that happens -- maybe a couple million. In an interview this month with coin and bullion dealer Miles Franklin's Andy Schectman, Maguire elaborates on these issues and credits GATA for exposing the longstanding Western central bank policy of gold price suppression. Gold’s Tipping Point: Andrew Maguire on the End of Metals Manipulation (Little By Little) Chris Powell, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org