According to broker and whistleblower Andrew Maguire, China's Beijing Shanghai bullion exchange is cranking up this month and will circumvent the LBMA, thereby taking control of The GP out of the hands of the western bullion and central banks. Producers will soon be free to deposit their refined gold there for sale anywhere, with the bullion banks completely blind to pricing! According to Maguire, who is one of 50 odd brokers with access, this is an absolute game changer, will end western control of the GP through the paper gold casino, and the biggest development since 1980.
Miners are apparently sick to death or the rigged closed loop system of the LBMA and this could be a factor in BDR's decision not to hedge.
See KWN for his recorded interview dated Feb 28.
23.
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