LBMA stalling antics won’t stop the gold rush
In this week’s Live from the Vault, Andrew Maguire sheds some light on the Bank of England’s attempt at carving out an exemption from the Basel III compliance. The precious metals expert explains the implications of this LBMA accommodation and whether or not it’s capable of freeing gold loans and leases from Basel III and capital requirements.
Andy Maguire also confirms his position on his bullish outlook on gold and explains what we can expect in the precious metals market in the upcoming months, as we’re observing the extended Basel III window slowly closing.
Andrew Maguire
Host
Andrew Maguire has almost 50 years’ experience working in the precious metals industry as an independent Loco London metals trader and analyst, where he has provided Precious Metals Advisory and Trading services for international hedge fund managers, bullion banks, directors, metal traders and many of the largest global institutions.
Andrew has built strong relationships with US and UK regulatory bodies, having worked as an advisor for the Commodity Futures Trading Commission, (CFTC) and the Department of Justice, (DOJ). In the UK, Andrew is currently providing advisory services to the UK and the Financial Conduct Authority, (FCA).
