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Gold futures default underway and Fed will reimburse bullion banks, Maguire says
9:20p ET Monday, April 22, 2013
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire reiterates to King World News tonight that a commodities exchange default in gold is underway, that concealing it was the objective of the gold price smash in the futures markets, that cash settlement of contracts will be imposed, and that the Federal Reserve will issue as much money as necessary to make the defaulting bullion banks whole. 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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