CPM Group/Christian's Silver Summit presentation on Andrew Maguire

While Kitco broke the news of Jeff Christian's Silver Summit presentation, where "at the end of his silver market presentation, [gave] what he considers Maguire’s true employment history", they only reported some of the details of what was presented.

Whether you are pro or con Andrew, it does help to know eactly what Christian claimed. So I did something unusual in the blogosphere, and just contacted the source for a comment. Below is the text of Jeff's last slide, FYI:

Who Is Andrew Maguire?

Andrew Thomas Maguire, formerly Andrew Gerhard Maguire

Born 4 June 1951 in Germany British citizen

1980s: Sundry jobs in England

  Car salesman at Henleys, a car dealership, London

  Car leasing agent at H.R. Owen car dealership, Old Brompton Road, London

  ICS, start-up insurance courier company

1989: Immigrated to Canada and started a vehicle leasing company, Custom Lease Capital Inc. Operated for around five or six years, it appears.

Late 1990s: Day traded his own account.

2004: Started another vehicle leasing company: Auto Direct Leasing and Rentals.

2005: Left his wife and family and moved back to England. Apparently unemployed for two years or so.

Circa: 2008. Had a job in a financial institution in London which reportedly collapsed in the financial crisis. Reportedly was at Lehman, which he denies. Not clear what position he held.

Andrew says the above is "is totally inaccurate" in an email to Turd Ferguson:

"An article contrived by CPM Group's Jeffery Christian based upon spuriously sourced information and published this evening on Kitco News is attempting to question my 35+ year banking history and is totally inaccurate and I will be responding to this shortly. As most know, I have brought Jeffery Christian’s integrity into question on numerous occasions and this is no more than an attempt to discredit my work in exposing the unallocated bullion banking system of which he is a primary architect."

Andrew then followed up with the following comment in a King World News interview:

"Obviously I am going to be dealing with this in more detail next week, but there was no mention of my over 35 years of banking history -- as I said, I’ll put this farce to bed next week. So what if I have other business interests aside from trading? No company I’ve ever been associated with has ever gone bankrupt."

I have plenty of thoughts on this story but as it is still developing, anything I write will be incomplete without Andrew's response, so I'll hold off until then. In any case, no matter how it plays out, there is an important lesson in this story for goldbugs regarding "the cartel" that I will also cover.