When will the paper gold game reach a breaking point?
posted on
Jun 21, 2013 08:56PM
Posted June 21st, 2013 at 6:43 PM (CST) by Eric King & filed under King World News.
Dear CIGAs,
Today whistleblower Andrew Maguire told King World News that the world has just witnessed a massive and irreversible shift in the global balance of physical gold. Maguire, who recently appeared in the extraordinary CBC production titled, “The Secret World of Gold,” also spoke about the breathtaking gold and silver smash and what stunned investors around the world should expect next. Below is a collection of what Maguire had to say to KWN in a mixture of communications since chaos erupted in key markets.
Maguire: “Just off wholesaler calls. Most are too busy to talk at this time, but today (Thursday) will be the largest volume day this year and possibly 2 years. Central bank purchases are almost certainly far in excess of paper sales. We are so close to the marginal cost of production that my contacts are saying the gates are wide open here to purchase all physical that is available.
“Continued paper market supply saw another + 45 tons sold into the rise ahead of Thursday’s fix and then in size directly post the fix. These were immense amounts of paper gold hitting the market, yet there is absolutely zero physical gold for sale and nothing but buy orders in the wholesale market.
From jsmineset.com. A continuation of the article is available there.