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Topic: Gold Fix Study Shows Signs of Decade of Bank Manipulation (Read 471 times)

full member
Activity: 196
Merit: 101
They should have been made illegal long time ago  Roll Eyes

I understand why the banks but why gold?

we need gold, we use it in so much stuff and not only luxury..
sr. member
Activity: 434
Merit: 250
They should have been made illegal long time ago  Roll Eyes
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html

Quote
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.

I suppose it is time for gold and banks to be declared illegal!
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