Eric King:  “Andrew, let’s just look at today, and we’re speaking on a Thursday, but what kind of tonnage or offtake are we seeing in these markets right now by the central banks?”

Maguire:  “I can say that over the last few days we’ve seen order sizes of 6 tons, 12 tons, and today I’m still getting reports but it looks like between 20 and 25 tons (of physical gold being purchased by central banks)....

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“People might ask, “How is that possible (when) we (the price) declined into the fix?’  It’s possible because, as we described earlier, it’s really due to massive shorting in the over-the-counter markets by (the US) government in defense of the dollar.  The resulting price is the price (where gold can be purchased). 

Where is the gold coming from?  My best opinion on that would be that the Bank for International Settlements (the BIS) is very likely the only source of enough physical leased metal that could be supplied to actually meet these deliveries.  Because these deliveries are not cash settlements on the books of an LBMA bullion bank. 

These are actually physical deliveries that are exiting the LBMA system, (being) re-melted into kilo bars, and they are going to be vaulted outside of the LBMA system (in the East).  So to me it’s a desperation act.”

Eric King:  “The new rumor always being floated by the cartel is every time they are smashing gold, it’s Paulson is selling.  Is Paulson selling here in your opinion?  I know I’m asking you to go out on a limb, but your thoughts?”

Maguire:  “Well, of course that would be the perfect rumor to put out there when the markets are already declining.  Here’s my view on that:  First of all it makes no sense.  Anybody who was that sophisticated wouldn’t be waiting for a thin holiday traded week to be unloading contracts at 2 in the morning or at odd times of day. 

I mean that’s (that selling is) a directional play.  That is not somebody seeking the best price.  In my view it makes no sense (that Paulson is selling).  I’ve done some digging because I was asked to.  All of the contacts I’ve spoken to have no feedback on that at all, and there would be.  You wouldn’t be able to do anything (in terms of selling) that quietly.  He’s a whale.  His kind of footprints would be easy to read.

If he was going to have done that (sold), he would have done it weeks ago.  He certainly wouldn’t wait until the last week before Christmas when most people I know are either in Barbados or at home (away from work).  So definitely no.”

This is the third in a series of interviews with Maguire lifting the curtain on what is going on behind the scenes in the gold and silver war.  The above information was just a small portion of what whistleblower Maguire had to say.  The KWN audio interview with Andrew Maguire is available now and you can listen to it by CLICKING HERE. 

© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

The interviews with Gerald Celente, Andrew Maguire, Roberto Giorgi, James Turk, Rick Rule, MEP Nigel Farage, Chris Powell and Bill Fleckenstein are available now.  Also, be sure to listen to the other recent KWN interviews which included John Hathaway, Ben Davies, Stephen Leeb, Eric Sprott and Wilbur Ross by CLICKING HERE.

Eric King

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© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

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