A recent documentary broadcast on CBC in good ol’ Canada ‘The Secret World of Gold‘. A decent starter documentary to understand what’s happening in the gold market, approx 45 minutes long split into 3 bite size chunks. I’ll call it how I see it; toothless regulators and mass fraud committed by the big banks.
BARE THIS IN MIND: IF THE BIG BANKS WOULD RIG LIBOR RATES AFFECTING $300 TRILLION,MIS-SELL PPI AND LAUNDER MEXICAN DRUG CARTEL MONEY, THEY WILL RIG THE GOLD AND SILVER MARKET. THEY HAVE TO CONTROL THE PRICE TO PREVENT IT FROM SKYROCKETING. DEMAND AND SUPPLY NO LONGER EXIST IN THESE MARKETS, THE PRICE IS FIXED, ie THE LONDON GOLD FIX
In a nutshell 5 of the biggest bullion banks speak twice a day, once in the morning and once in the afternoon to agree the price. RIP SUPPLY, DEMAND AND PRICE DISCOVERY.