Maguire – An LBMA Default Was Delayed, But It’s Coming
March 21, 2014
Today London metals trader Andrew Maguire told King World News that an LBMA default was delayed by Western central planners, but it is coming, despite the West’s frantic efforts to avoid it. Below is what Maguire had to say in Part I of an incredibly powerful series of interviews that will be released today.
Maguire: “The net result of all of this (gold) leasing activity means that the bullion which is still showing on the central banks’ books as an asset has more than one claim on it. Worse, the bullion banks don’t have the gold to repay them….