Andrew Maguire – 1,000 to 1 Leverage – Price Reset Coming for Gold – Jig Is Up for the Dollar

Sharing is Caring!

old expert Andrew Maguire says, “We are very close to a price reset (in gold and silver). What is a price reset? It is no more than settling . . . close to a trillion dollars of derivatives that are underwater and unable to be delivered. It is going to be a simple paper market reset. I suggest it will likely happen on a Friday . . . and there will be a known default and a price adjustment for Monday morning. . . . You will be into a bid only market. There would not be any offers to sell gold. . . . I am not going to guess on a price. . . .I know of two investor groups that are buying physical gold because they know there is going to be a physical price reset.”

READ  The Coming Biden/Putin Train-Wreck Summit

In closing, Maguire says, “The jig’s up for the American dollar. Obviously, it’s not going to be overnight, but it is happening. Gold has to appreciate in this environment. We all know that the paper markets (for gold) have leverage of 500 to 1. We actually think it is much closer to 1,000 to 1 when you account for all the derivatives.”

READ  US producer price inflation jumps to 6.6%, largest increase ever recorded in history... Kyle Bass: Actual inflation rate is around 12%

Join Greg Hunter of as he interviews gold expert Andrew Maguire with Kinesis CEO Tom Coughlin.



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.