mandag 12. desember 2016

The $30 billion-a-year Silver Gambit

A century-old ritual known as the London Fix ran until 2014. The global reference price for silver was set each day at a meeting with traders at a handful of banks.

 Now we know that prices were rigged by the same banks. However, if you are a small time silver investor with a few kilos under the mattress, the fixing did/does not really matter. At the moment silver is artificially dead cheap and will probably function as a small monetary backup when the shit once more hits the fan the next upcoming financial crisis. The London Fixing

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