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On 'Keiser Report,' bullion trader Maguire describes run on the London gold banks

By: Chris Powell, Secretary/Treasurer, GATA

-- Posted Thursday, 1 August 2013 | | Disqus

Dear Friend of GATA and Gold:

Interviewed yesterday by Max Keiser on the "Keiser Report" on the Russia TV television network, London bullion trader and silver market rigging whistleblower Andrew Maguire said there is a run on the London bullion banks, that the Federal Reserve's big dumping of paper gold in April bought a little time for the banks but only increased the offtake of real metal from the grossly overleveraged fractional-reserve gold banking system, that the Bank of England is advancing metal into the London market every day to avert defaults, that the United Kingdom's gold sales begun in 1999 were undertaken to rescue gold short Goldman Sachs, and that the Western gold banking system is now in the same short squeeze that threatened it 14 years ago. Yesterday's "Keiser Report" is posted at YouTube and the interview with Maguire is about 13 minutes long and begins at the 13-minute mark here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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-- Posted Thursday, 1 August 2013 | Digg This Article | Source:

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