Andrew Maguire: Here's Why You Shouldn't Invest in Precious Metals ETFs
Kinesis Money, Released on 7/29/22
In this week's Live from the Vault, Andrew Maguire explores the dubious practices in the ETF market, shedding light on the widespread integrity breaches and rehypothecation of the largely undeliverable, double-counted gold bullion. The London wholesaler thoroughly explains how misled ETF investors expose themselves to the tremendous counterparty risk while unknowingly empowering the physical gold price suppression.
00:00 Start01:40 Picking up the last week's thread. Summing up the short-term action10:50 COMEX-driven backwardation has led to them exposed by EFPs to delivery outflows17:50 Questioning the integrity of the ETF gold and silver investment26:30 Major ETF embarrassment on CNBC camera37:45 Taking a closer look at the silver ETF (SLV)39:30 Ukraine selling its physical gold holdings42:05 Basel III - Banks holding counterparty risk forced to comply with NSFR standards
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.
Andrew Maguire: Here's Why You Shouldn't Invest in Precious Metals ETFs added by Herman James on 07/28/2022View all posts by Herman James ?+'