Gold Price Fixing? How Is This Legal? Is This A Crime In Progress? By Gregory Mannarino
The "London Gold Fix" refers to the "setting" of the price of gold.
Setting?
How about rigging?
This price "fix" is determined twice each business day.
This gold fixing/rigging provides a rate which is used for pricing gold products and derivatives throughout the world's markets.
The banks involved in this are Barclays, the Bank of China, Bank of Communications, Goldman Sachs, HSBC Bank USA, JPMorgan Chase, Morgan Stanley, Société Générale, Standard Chartered, ScotiaMocatta (Scotiabank), the Toronto-Dominion Bank, and UBS.
How is this legal?
Is it not supposed to be the market which determines fair value?
WHAT SHOULD BE DONE ABOUT THIS?
Further reading. Click here: https://www.investopedia.com/terms/l/london-spot-fix.asp
With the failed military coup (https://en.wikipedia.org/wiki/Business_Plot), the WW1 & WW2 successful provocations to drag the US into wars, the JFK murder, the Clinton body count, the CIA drug traffic, the post OKC bombing and post 9/11 actions, you found the gold fix to be the most troubling?
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It’s bloody disgusting. Cheers mike
Yes Gold and Silver is fixed
You will find this interesting if you haven't seen it already Greg.
http://www.moonlightmint.com/bailout.htm
Only thing that could change the gold fix is a full blown revolution in my view - impossible as long as people remain complacently comfortable in their bubble worlds, and scared otherwise of losing it.
Libor