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Home>GoldWire>HSBC vault closures forcing customers to sell gold, Maguire tells KWN

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HSBC vault closures forcing customers to sell gold, Maguire tells KWN

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Chris Powell

GATA

Published : March 10th, 2015

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FOLLOW : Andrew Maguire Gold London Vault

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Category : GoldWire


	London metals trader Andrew Maguire tells King World News today that HSBC's announcement that it is closing its London gold vaults -- what the bank now is calling its "retail safe-deposit facilities" -- with only 60 days' notice is forcing some customers to sell their metal. Maguire suspects that this is the bank's intent. An excerpt from his interview is posted at the KWN blog here: http://kingworldnews.com/andrew-maguire-stunn...-london-gold...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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