Big Changes Coming to the Global Gold Market - A Conversation with Andrew Maguire

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Earlier today, I had the opportunity to visit with our friend, Andrew Maguire. Some exciting, new developments are pending in the global gold market and Andy stopped by to give all of us in Turdville a sneak preview.

The goal of this discussion was to familiarize everyone with some of the operations of the London-based, fractional reserve bullion banking system. As background, Andy references a document written by Jeffrey "Sister" Christian nearly 15 years ago. Here's a link to the pdf: https://www.gata.org/files/CPMGroup-BullionBankingExplained.pdf

Andy goes on to inform us of a new project that he has been fortunate to be a part of...a new, 100% physical and fully-allocated precious metals exchange. You can learn more about this exchange in this article:

https://forexmagnates.com/bullion-capital-track-revamp-physical-gold-mar...

You can find additional information by visiting the actual website of Bullion Capital:

https://www.bullioncapital.com

And here's just one page from the Bullion Capital site. It's pretty cool:

https://www.bullioncapital.com/markets/live-pricing

In the end, the hope is that all of these new exchanges (including SGE, HKmex, SGPMX) ultimately serve to draw away interest and liquidity from the den of vipers known as the LBMA and the Comex. As the devious influence of the bullion banks is finally removed, the metals will begin to trade solely within a 100% fully-allocated system, instead. Only then will true, free and fair price discovery finally be realized.

I'm confident that you'll find this conversation to be quite interesting and helpful and I look forward to reading your comments.

TF

  157 Comments

boomstick
Feb 26, 2015 - 3:13pm

1?

?

CPE
Feb 26, 2015 - 3:14pm

Thank you

Andrew!!!

AAU/AAG :D

What if?

Orange
Feb 26, 2015 - 3:27pm

Andrew

Thanks for your time. Just started listening.

silver66
Feb 26, 2015 - 3:38pm

4th not 43rd

you posted on the wrong thread

hope you are buying lots and not shoveling

Silver66

Marchas45
Feb 26, 2015 - 3:39pm

Shit

AGAIN!!!!!!!!

Levon
Feb 26, 2015 - 3:54pm

It all sounds great..

but I will believe it when I see it and I do hope I see it. Definitely a huge step in the right direction. I don't think the big boys will give up their license to print money any time soon.

nadgeskaul
Feb 26, 2015 - 4:16pm

Questions Not Asked...

How will all of this change/affect price?

Does Andy think price is "fair" at current levels? If not, where are fair prices being discovered in the physical world?

If physical is currently being sold at or near paper prices, how has the manipulation really affected price historically?

If the two are close, it sounds like, to me, market forces drove price from 1900 to 1200, not manipulation.

Gamble
Feb 26, 2015 - 4:24pm

Ughhhgg

Worse stomach flu ever going through my house !

Gamble gamble

Thank The Lord for indoor plumbing and soft toilet paper!

-SilverIsMoney-
Feb 26, 2015 - 4:29pm

I have hope...

But I'm with ya Nadge I'm not sure how this is going to work.

Lets say this market starts repricing physical at a more realistic price of say $1500 which causes people to buy in one market at $1200 and sell into this one at $1500- that makes sense to me because it drives the physical into the market where its valued. Where I get confused is who is going to be buying? Why would someone buy at $1500 when they can buy at $1200? How is this going to work if everyone is selling physical into this market but not buying it? I hope this works but I'm a tad confused on how buyers show up here if price is considerably higher than it is in another market?

Markedtofuture
Feb 26, 2015 - 4:38pm

Market-Rigging And Manipulation Legal In The U.S.

Is This The Most Terrifying Interview Of 2015?

With so much chaos taking place around the world, today a man who has been focused on uncovering sensitive government and market information for over 15 years gave what is perhaps the most terrifying interview of 2015. What he had to say will shock King World News readers around the globe.

Is This What The World Has Come To?

Eric King: "Chris, today we are going to take a trip down the rabbit hole of Western governments moves toward a frightening control of everything on the planet, including all financial markets. Let’s start with this note from the Bill King Report commenting on the Wall Street Journal article "U.S. Investigates at Least 10 Major Banks for Possible Rigging of Precious-Metals Markets"

https://kingworldnews.com/terrifying-interview-2015/

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Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

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1/31 8:30 ET Pers Inc and Spending
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1/14 8:30 ET CPI
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1/17 9:15 Et Cap Ute and Ind Prod

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12/19 8:30 ET Philly Fed
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Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
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12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
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12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

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