Commodity Trade Mantra

Posts Tagged ‘Libor Scandal’

Will Ending the London Gold fix be the Start of a Price Surge?

Will this sort of reform be enough to start a price surge for the precious metals? If the London price fix encourages market regulators to go further and question the role of the central banks in fixing gold prices then this really could open a can of worms, and that would send prices much higher.

Manipulation Cannot Stop Gold From Rising Significantly

It was only after the Libor scandal, that the awareness of the broad public was opened to manipulation in all sorts of financial assets like currencies, commodities, gold and silver, etc. Gold is a liquid store of value and manipulation cannot stop gold from rising significantly.

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