Andrew Maguire: Russia Sanctions Backfire. LBMA Banks Take Cover!

By Herman James / April 08, 2022 / marketsanity.com / Article Link

Kinesis Money, Released on 4/8/22

In this week's Live from the Vault, Andrew Maguire unpacks the Bank of Russia's shocking decree, declaring the bank will accept only gold or gold-pegged Ruble payments for oil, energy and commodities. The precious metals expert explains how Russia's attempts at bypassing recent sanctions could trigger huge arbitrage opportunities and bolstering the Ruble's value in the process.

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: Russia Sanctions Backfire. LBMA Banks Take Cover! added by Herman James on 04/07/2022View all posts by Herman James ?+'

Recent News

Major producers and most of TSXV gold see strong gains

March 03, 2026 / www.canadianminingreport.com

Big Gold production declining, revenue surging, costs flat

February 23, 2026 / www.canadianminingreport.com

Gold stocks rise with majors outpaced by juniors

February 23, 2026 / www.canadianminingreport.com

Agnico Eagle's production dip and higher costs offset by jump in gold

February 17, 2026 / www.canadianminingreport.com

Barrick, Agnico Eagle report extremely strong Q4/25 results

February 17, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok