Today London whistleblower and metals trader Andrew Maguire told King World News that Swiss gold refiners are telling him that gold demand hasn’t been this strong since 2013.
Swiss Gold Production Massively Backlogged
June 22 (King World News) – Andrew Maguire: “The Dollar Index to foreign exchange gold conflict is reflective of a paper to physical battle, and given the absolute certainty that the physical kilobar market (as Swiss gold refiners have told me) is now backlogged 2 months out and extending, this battle will be resolved to the upside and soon…
Gold is making its way back into the global monetary
system, to learn more CLICK HERE!
Andrew Maguire continues: “All Swiss refiners are now fully booked out on all gold kilobar production until the end of July. Also, there is reliable feedback that China has been quietly forward purchasing (large) tonnage of refinery production since May and utilizing spot index positions to settle at delivery. With refinery order books now full for 2 months out, each day gold stays below $1,300, more tonnage orders are spot-indexed for delivery. And with order books already full, this backlog was already threatening to extend out into August.
Swiss Refiner Says China Just Ordered More Tonnage
But one Swiss refiner just reported to me that a Chinese order of 15 tonnes of gold hit today. This definitely pushes out the Swiss backlog into August. For this time of year and out of season that is unprecedented…KWN has just released the remarkable audio interview with London whistleblower and metals trader Andrew Maguire and you can listen to it immediately by CLICKING HERE.
The KWN audio interview with Dr. Stephen Leeb discussing China’s 20,000 tonnes of gold and their plans for a gold monetary order has now been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Inflation Watch: This Is Turning Into A Crisis CLICK HERE.
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