GOLD (Au) PRODUCERS

[NYBob]

Comex prices for gold and silver aren't real anymore, Maguire says

11:05a ET Saturday, July 16, 2022

Dear Friend of GATA and Gold:

Official intervention in the gold futures market to suppress the monetary metal's
price is making conversion of gold contracts to physical metal immensely
profitable, London gold trader Andrew Maguire says.

In his weekly interview with Kinesis Money's Shane Morand, Maguire says the
contracts are being turned into physical delivery in London via the New York
Commodities Exchanges "exchange for physicals" procedure, with the gold then
sold onward in other markets at signifcantly higher prices. Maguire doesn't think
this can continue for long.
Comex prices for gold and silver have diverged so much from prices for "spot"
purchases that the futures market no longer is reliable for hedging physical
transactions, Maguire says.
That is, he says, Comex prices don't represent the prices of actual metal.

The interview is 53 minutes long and can be viewed at YouTube here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[e-mail]

$In GOD We Trust - Real Money - AU Safety 6000yrs )



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Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

GOLD STANDARD; THE REAL LEGAL MONEY:

https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm

God Bless.