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No Physical Gold For Sale

Eric King:  “Has any physical selling of gold been taking place during this takedown?”

Maguire:  “Absolutely no physical (gold) has turned up.  So when you estimate that we’ve had 600 tons of ETF capitulation, and when you see the fact that we’ve had forced producer sales, none of this is appearing on the market.  Why?  Because the bullion banks are repaying their positions.

We are still seeing backlogs and huge delays.  This morning we saw (stunning) $50 wholesale premiums in Shanghai.  Of course we’re seeing massive premiums, backlogs, and delivery delays.  And if you want physical (gold) you are going to pay a physical price, not the paper price, if you want size.”

Read the complete article at King World News here.

# Here you can see WHY it’s crucial to own physical gold & silver now, and HOW you can buy [and sell] it.

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Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

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