You are here

London trader Maguire interviewed on RT about gold and silver market rigging

Section: Daily Dispatches

11:12a ET Friday, December 14, 2018

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire was interviewed Thursday on Russia Today's "Boom Bust" program by host Bart Chilton, former member of the U.S. Commodity Futures Trading Commission, discussing manipulation of the gold and silver markets.

On the program Maguire credited Chilton for pushing the commission to hear complaints of manipulation of those markets in 2010, and Chilton regretted that the commission, while finding evidence of manipulation, could not find enough to bring action against particular traders.

... Dispatch continues below ...


We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at:

They also discussed the recent guilty plea of a former JPMorganChase trader to federal charges of manipulating the gold and silver markets.

Maguire noted that the new international financial standards taking effect in January classify physical gold as a "Tier I" asset equivalent to cash, and he said bullion banks are positioning themselves for this by acquiring physical gold for their own accounts.

Maguire's part of the "Boom Bust" program runs from the 20:48 market to the 28:04 mark at the RT internet site here:

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

* * *
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:

To contribute to GATA, please visit: