Maguire - Banks Panicking As London Gold Hub Implodes

``the demise of the fractional reserve banking system has now finally happened.  The paper gold and silver markets are now fully broken apart and there are good reasons why it cannot be patched back together... Looking at the current conditions from a wholesale perspective, the very tight supplies of immediately deliverable gold here in London, which is the central bullion hub, are in worse shape than in 2001 or 2008. ''