Bloomberg: Gold Fix Study, A Decade of Manipulation

The information, opinions, and financial data presented are for educational purposes only and are not intended as investment advice. No guarantees are made as to the accuracy of the information provided herein. Situations can change from day to day. Every investor should do their own due-diligence to determine which investments are best for them.
You must assume the responsibility and liability for all decisions that you make on the basis of the information herein contained. GoldSilver.com, makes no warranties, expressed or implied, as to the fitness and accuracy of the information provided or for the results obtained by using the information. Those making investment decisions based on any of the information presented should do so in the knowledge that they could experience significant losses. In no event shall GoldSilver.com be liable for direct, indirect, or incidental damages resulting from the use of the information.

Another Gold Price Fixing scandal bomb was dropped today, this time by Bloomberg.

Bloomberg's piece entitled Gold Fix Study Shows Signs of Decade of Bank Manipulation states...

The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.

The authors of this latest upublished study on alleged Gold Price Fix collusion state the following,

The structure of the benchmark ( London Gold Fix / Silver Fix ) is certainly conducive to collusion and manipulation, and the empirical data are consistent with price artificiality... It is likely that co-operation between participants may be occurring.

You don't say?

At the beginning of this week, the Financial Times (FT) published a piece about potential Gold Price Fixing crimes. Only FT then attempted to pull the column off the internet within 24 hours of its original posting. Perhaps FT should talk to Google about slowing their crawlers?

Let us digress. 

If you are a serious student of gold and silver markets, you are likely aware that GATA.org and many other expert Gold and Silver commentators have been sounding the price suppression alarm for decades. 

Throughout this 21st century gold and silver bull market, the general trend has been for gold and silver spot prices to rise during asian market trading hours only to have their spot prices fall throughout western trading hours. How much longer will that trend continue?  

How much more will we learn about these alleged silver and gold price fixing crimes?

Will investor lawsuits ensue?

For now, we continue to add physical Silver & Gold Bullion to our portfolios as we prepare for the coming 3rd phase of this 21st Century Silver & Gold Bull Market.