Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Gold selling likely comes from BIS at behest of U.S., Maguire tells King World News

IMG Auteur
Published : December 21st, 2012
188 words - Reading time : less than a minute
( 2 votes, 5/5 ) , 4 commentaries
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
4
comment
Our Newsletter...

 

 

 

 

In the second installment of his interview with King World News today, London metals trader and silver market whistleblower Andrew Maguire says the recent overwhelming selling in gold is likely coming out of the Bank for International Settlements at the behest of the U.S. government, not, as some rumors would have it, out of hedge fund managers like John Paulson. The seller, Maguire says, is "not somebody seeking the best price."

That the BIS trades in gold and gold derivatives on behalf of its member central banks is a matter of public record, verifiable in the BIS' annual reports, other BIS documents, and press profiles over the years, such as are cited here:

http://www.gata.org/node/11622

http://www.gata.org/node/11502

http://www.gata.org/node/11990

But GATA will pay a thousand ever-depreciating dollars to anyone who can find a mainstream financial journalist who will bother to telephone the BIS, ask for an account of what it has been doing in the gold market this month, and report the bank's answer -- or, rather, its snickering refusal to answer.

An excerpt from the new installment of Maguire's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2012/12/20_W...

 

 

Companies Mentionned : Metals X |
<< Previous article
Rate :Average :5 (2 votes)
>> Next article
Latest comment posted for this article
Well I guess the idiot spammer took my advice and used my comment on how to report his posts against me. Ah well, where would the world be if we didn't have spammers to abuse and look down upon. It does make you wonder if the people that run this site e  Read more
Hart - 12/22/2012 at 1:43 AM GMT
Rating :  2  1
Top articles
Latest Comments
41 Facts about Central Banks no ...
20 Decprljr
Common sense and logic dictate that if this was taught in schools it would not exist as it has these past 100 yrs. The monetary system is a CON a L...
41 Facts about Central Banks no ...
19 Decsamking73
I'm not sure that much was taught about the central banking system back when I was in school...25 + years ago. At least not the important parts.
Gold & Silver Market Morning
19 Decend
If you trade XAU/RUB and have bought XAU using RUB, you should have closed your position as he advised. Then you should have switched, buying gold ...
Muslim terrorism, the left and t...
19 DecFirebear1
All please understand this person was a Muslim,that was his believe! His character was that of a criminal as was shown by his action on the day and...
Napoleon vs. Cheney: "Interrogat...
18 Decwalmarde
Torture just put the moral line lower. Lets think about American exceptionalism. What we want ? we want to spread and defend that exceptio...
Napoleon vs. Cheney: "Interrogat...
18 Decwalmarde
Utilitarianism is bad philosphy. I'm also very disgust about torture. It will backfire in our face. We are now no better than ou...
Napoleon vs. Cheney: "Interrogat...
18 DecJosu O.5
I cannot overstate how important is that every american read this article. It's absolutely wonderful how you have summarized every aspect around to...
Muslim terrorism, the left and t...
18 Decend0
Does anyone still wonder why is Australia hotbed for second generation Muslim migrant radicalization? Does anyone still need an explanation on why ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
  All Favorites Best Rated  
My comment below is/was not directed at Chris Powell.
It was really directed at the person who fills idiotic comments,all the same on about 10 articles at once.

All the best to everyone and Merry Xmas.
Rate :   0  1Rating :   -1
EmailPermalink
Well I guess the idiot spammer took my advice and used my comment on how to report his posts against me. Ah well, where would the world be if we didn't have spammers to abuse and look down upon.

It does make you wonder if the people that run this site ever come here.
Rate :   2  1Rating :   1
EmailPermalink
Obviously you are a complete idiot.
Please do everyone a favour and disappear from this site.
Merry Xmas
Rate :   1  3Rating :   -2
EmailPermalink
Or SW you could just click on the 'Report Abuse' link in the bottom right hand corner any time you see one of these morons posting. Help us all keep these slime balls in check.
Rate :   4  3Rating :   1
EmailPermalink
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.