Replies to post #44001 on ~*~Mining and Metals Du Jour~*~

[JD400]

Russian bank's digital gold may lead to gold payment for commodities, Maguire says

Submitted by admin on Fri, 2023-01-13 21:24 Section: Daily Dispatches

9:22p ET Friday, January 13, 2023

Dear Friend of GATA and Gold:

The digital tokens for gold now being issued by Russia's Sberbank may clear a path for the use of gold for payment for commodities in Russia, London metals trader Andrew Maguire says in this week's "Live from the Vault" program from Kinesis Money.

Meanwhile, Maguire says, the derivatives structure of the London and New York gold and silver markets is cracking as paper increasingly is being converted to real metal under pressure of "Basel 3" regulations.

The interview is 38 minutes long and can be viewed in the next post.

https://www.gata.org/node/22387