Whistleblower Andrew Maguire Just Exposed The Sinister Reason For The Surgical Attack In The Gold Market As Shocking Amount Of Gold Flows Into China & India
December 16, 2016
In the aftermath of a brutal takedown in the gold and silver markets, today whistleblower and London metals trader Andrew Maguire exposed the sinister reason for the surgical attack in the gold market and says a shocking amount of physical gold is flowing into China and India.
Shocking Premiums For Gold In China & India
Andrew Maguire: “As a result of the war on gold, very large physical premiums and demand have arisen. In China we are witnessing large premiums escalate, and we are also getting reports of $300 smuggling premiums in India. This morning (in China), the Shanghai Gold Exchange premiums were close to $42 per ounce. And those that are saying this is just tight supply and not big demand are wrong. Over the last 2 weeks we have evidenced consistent large Shanghai Gold Exchange premiums over London spot. Last Thursday, I reported a 55-tonne gold delivery into the Shanghai Gold Exchange from our refiner at a $36 premium to Wednesday’s GLD closing price…