~*~Mining and Metals Du Jour~*~

[the cork]

London Gold Vault 2.0 – ICBC Standard Bank IN, Deutsche Bank OUT

China’s largest bank, Industrial and Commercial Bank of China (ICBC), has been eager to become a premier player in the London Gold Market for some time now. Although it became an Ordinary Member of the LBMA in 2012, ICBC had stated in 2012 its desire to become a LBMA Market Making Member. ICBC was also interested in buying Deutsche Bank’s seat in the old Gold Fixing in 2014, but strangely this sale never happened.

Until Now.

Read the dirty Deutsche Bank timeline of resignations and exit plans after the BaFin investigation. BaFin didn't expose the dirt, but coincidentally, Deutsche began exiting their precious metals trading desk within days and weeks of the investigation.

They couldn't GIVE IT AWAY to anybody else at the time!

http://www.silverdoctors.com/london-gold-vault-2-0-icbc-standard-bank-in-deutsche-bank-out/