GOLDBUGS AMEX Goldbugs Index (GOLD): The London Fix has always been a corrupt...

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Wednesday, 11/27/2013 9:53:47 AM

Wednesday, November 27, 2013 9:53:47 AM

The London Fix has always been a corrupt system ripe for abuse.Now we have news of Germany looking into the price rigging and with rumors that even the USA is about to investigate. (I'll believe that when I see it).

Back to London... With two of the five gold price 'fixers' being Barclays (Libor rigging crooks) and HSBC (self-confessed drug cartel money launderers) there is no chance that the London Fix was ever going to be an open and fair market.

Personally I think a few jailings would end the rigging virtually overnight.

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