Saturday, June 29, 2013

Maguire - Massive 580 Tons Of Gold Purchased In Just 7 Days


Today whistleblower Andrew Maguire told King World News that Eastern Central banks have purchased a staggering 580 tons of physical gold in just the last 7 trading days.  This means Eastern Central banks just purchased a stunning 25% of the world’s annual gold mine production in just 7 trading days. This was the largest purchase of physical gold during any 7 trading day span in history.  Maguire, who recently appeared in the CBC production “The Secret World of Gold,” also discussed the brutal takedown in the gold and silver markets as well as the disappearing inventories in part one of a series of written interviews that will be released today.

Maguire:  “The lower these prices are set in the paper (gold and silver) markets, the stronger the physical buying becomes.  But it’s totally unsustainable.  And given the incredibly bullish COMEX structure now, and the global market underpinning, these paper sales just cannot continue any longer.

Officials have not been selling any physical gold for many months now. - Full Read: KWN: Maguire - Massive 580 Tons Of Gold Purchased In Just 7 Days

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