World Just Witnessed Massive Shift In Physical Gold

Today whistleblower Andrew Maguire told King World News that the world has just witnessed a massive and irreversible shift in the global balance of physical gold. Maguire, who recently appeared in the extraordinary CBC production titled, “The Secret World of Gold,” also spoke about the breathtaking gold and silver smash and what stunned investors around the world should expect next. Below is a collection of what Maguire had to say to KWN in a mixture of communications since chaos erupted in key markets.

Maguire: “Just off wholesaler calls. Most are too busy to talk at this time, but today (Thursday) will be the largest volume day this year and possibly 2 years. Central bank purchases are almost certainly far in excess of paper sales. We are so close to the marginal cost of production that my contacts are saying the gates are wide open here to purchase all physical that is available….

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“Continued paper market supply saw another + 45 tons sold into the rise ahead of Thursday’s fix and then in size directly post the fix. These were immense amounts of paper gold hitting the market, yet there is absolutely zero physical gold for sale and nothing but buy orders in the wholesale market.

This is 2001 type of spike bottoming action with hot money bearish sentiment off the scale. I still expect that Thursday marked a historic bottom. We are below the true costs of production for both gold and silver and it makes a good deal of sense for the central banks to be taking all that is offered. Fundamentally this will have a significant catch-up impact.

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/21_Maguire_-_World_Just_Witnessed_Massive_Shift_In_Physical_Gold.html


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