Behind The Scenes A Massive Run On Physical Gold Is Now Taking Place

kingworldnews.com

As we come to the end of the trading week, today London whistleblower and metals trader Andrew Maguire told King World News that behind the scenes a massive run on physical gold is now taking place.

June 7 (King World News) – Andrew Maguire:  “People across the world have become increasingly frustrated by the action in the paper gold and silver markets. There is a sense of fatigue because of the lack of upside action.  But generally speaking we have this divergent market where the physical market is continuing to suck liquidity out of the paper market, especially as we get ready to head into the second half of this year.  Eric, when King World News first interviewed me in March of 2010, it set off a chain reaction that was all part of the rocket launch in the price of silver to $50 and the price of gold to $1,920 in 2011.

Massive Run On Physical Gold Now Taking Place
 
Coming full circle, this week we saw a massive Swiss fund, AHV, move out of paper gold swaps into 100% physical gold.  This is huge news because AHV is a $35 billion commodity fund.  And we are seeing this everywhere.  So more and more people and entities are realizing the importance of taking their assets out of the system in order to avoid counterparty risks before the next financial meltdown unfolds.”