You are here

Maguire sees gold cartel splitting; Rickards predicts revaluation by year-end

Section: Daily Dispatches

4:34p ET Friday, August 20, 2017

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that the gold price suppression cartel is splitting, that Goldman Sachs and two other bullion banks have allied with China and are going long, and that Indian gold buying is strong, not weak as has been reported. An excerpt from the interview is posted at KWN here:

http://kingworldnews.com/whistleblower-andrew-maguire-says-us-orchestrat...

Coincidentally, in a promotion for his proprietary newsletter yesterday, fund manager and author James G. Rickards, who has enjoyed U.S. government security clearance, asserted yesterday that the U.S. government is likely to join with other major governments and officially revalue gold to $10,000 per ounce by the end of the year:

https://pro.agorafinancial.com/p/AWN_dollarreboot_0717/EAWNT864/Full

As for GATA, we'll believe it when we see it, but there's no harm in having a nice weekend imagining the dawn of another golden age. If gold price suppression ever comes to an end we can always move on to flying saucers, the abominable snowman, the Loch Ness monster, or, come winter, the Bermuda triangle. (It's warmer down there.)

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2017/07/NOIC2017_powe...

Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16