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A central bank is seeking gold through Comex 'exchange for physicals,' Maguire tells KWN

Section: Daily Dispatches

8:45p ET Friday, April 26, 2019

Dear Friend of GATA and Gold:

In an interview today with King World News, London metals trader Andrew Maguire says a central bank is seeking to acquire gold with the mysterious "exchange for physicals" mechanism by which gold futures contracts on the New York Commodities Exchange appear to be transferred to London for delivery without any actual delivery ever being made there.

Maguire insists that the physical gold market is beginning to discipline the paper market, where price smashdowns have been frequent lately but of less lasting effect than in the past.

The interview is excerpted at KWN here:

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


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