Whistleblower: CBs Buying, Who’s Supplying & Is Paulson Selling

"On the heels of another smash in the gold and silver markets, today renowned silver market whistleblower Andrew Maguire addressed rumors that Paulson is being forced to sell his gold. Maguire also spoke with King World News about the amount of tonnage that central banks have been buying over the past few days and who he suspects is actually supplying the gold. 

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.

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)...

“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.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/20_Whistleblower__CBs_Buying,_Whos_Supplying_%26_Is_Paulson_Selling.html