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Central banks scooping up bargain gold, Maguire tells King World News
2p ET Friday, June 21, 2013
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells King World News today that the new gold price smash has stimulated enormous buying, much by central banks, in part because gold is now priced below the cost of production. Maguire poses the zillion-dollar question: "Just how long can this paper market selling continue to drive price when such a massive transfer of physical is underway?"
An excerpt from the interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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