Posted on 08/15/2010 8:55:36 PM PDT by tired1
In 1919 the major London gold dealers decided to get together in the offices of N.M. Rothschild to fix the price of gold each day. While this was notionally to find the clearing price at which all buying interest and all selling interest balanced the possibility for market manipulation and self-dealing is inherently systemic in such a cozy arrangement. This quaint anti-competitive procedure continues to this day.....
The inescapable conclusion is that some entity or entities are deliberately suppressing the gold price between the AM Fix and the PM Fix and that this suppression is calculated to proportionately counter the cumulative gains in price achieved in the Asian markets that trade at some time in the period after the prior day PM Fix until the following AM Fix.
(Excerpt) Read more at zerohedge.com ...
They found a bunch of fake gold in the uae
http://beforeitsnews.com/story/138/847/Tons_of_gold_imports_in_UAE_turn_out_to_be_fake.html
And you’re just NOW find that out? And, the other markets are also fixed? Oh no....
I caught on to this awhile ago. I moved all my money into diamonds — now THAT’s something you can trust for lasting value!
It’s hard to go wrong with pre 64 silver coins.
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I caught on to this awhile ago. I moved all my money into diamonds now THATs something you can trust for lasting value!
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No, no, no. Diamonds can be synthetically manufactured now. I moved all of my diamond money into rhino horns - there’s your winner!
Are you boing serious?
Are you being serious?
This is pretty interesting stuff.
Good find.
Thank you for posting this. some things need to be re-posted.
I can’t find the article at the link... It said “Not Found”
I can’t find the article at the link... It said “Not Found”
Sorry for the double posts.
Gold? I think that's a far more legitimate market.
Others have been able to. You might want to go to ZeroHedge directly and look around. Often there’s good stuff there.
Federal Reserves’ tug of war with gold to keep the $’s value up. My understanding is the are more people on the planet than ounces of Gold (?), that can’t be said for the $.
Ok. My family has been in Jewelry for nearly 100 years, and I was going to say that DeBeers had the vaults overflowing with diamonds. I was just hoping you were not seriously considering that.
Yikes!!!!!! are you kidding? Nevermind the comment someone made about synthetic diamonds, did you know that DeBeers has enough diamonds in their possesion right now, that they could destroy the value of the diamond market just by releasing what they are holding? The truth of the matter is that diamonds are not nearly as rare as was once thought and the market is kept artificially inflated. If you are holding diamonds as an investment, you're onto a long term disaster. All it will take is a rich diamond strike in a developing nation to turn that applecart over.
If I were you I'd get the heck out of that market ASAP... a word to the wise!!!
Oh, missed this reply.. I’d have hated to see a fellow freeper suckered into diamonds as an investment
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