The London (Gold Fix) refers to the "setting" of the price of gold.
This "rigging" of the price of gold does not allow the market to determine price, but is "set" by the major banks.
Please don't take my word for it.. Read more on Wikipedia. Click HERE: https://en.wikipedia.org/wiki/Gold_fixing
Should more people know about this?
Uhhh...I like the fix. Makes it cheaper to buy. Don't worry the market will correct itself...always does. Just position yourself now while the price is right.
Take advantage of the fixed low prices. They will not stay down forever.
Greg how much Phizz silver do you believe there is left to be sold before the hoarding begins?
Hopefully the free market will win out in the end cheers, thanks mike
I just traded bitcoin to get into platinum and silver platinum seems like a good buy right now.
Woah! Damn these institutions!
Silver is so undervalued and yet I wonder if we will live to see the day when metals are priced fairly in their real value. At least they have not slapped a 80% tax on buying or selling. Thanks Greg for the good info you provide.
Hey, don't miss Platinum. I've been too much around crypto so I didn't watch the charts recently. But Platinum was below Gold. That's a Golden opportunity.
All these garbage will also come into cryptos. First it's futures then it'll grow into more stuff. But the problem is when they get burnt only the people who used banker's financial instruments will get burnt. Nobody can tame Cryptocurrency just by tainting it with financial derivatives. The day they try Bitcoin price fixing they'll know despair. But with a currency worth less than the paper its printed on, this kind of desperation is to be expected.
I'm pretty sure Gold being a safe heaven asset which people swarm into in a crisis has hurt many egos. This is their retaliation against real money. They are just jealous of Gold. They don't want to see gold go up while they are bleeding. The bankers are like a poor sucker who couldn't get laid living to become a serial rapist.
And you know what: Rapists Burn Hotter in HELL.
Beautiful good post it's great
Great post my friend i resteemed your post
Beateful post my friend
well done man i upvoted and resteemed your post
Stackin' in certified silver while it's on sale Brother Greg - following your lead to become my own central bank!!
There are clear evidence that silver and gold are being manipulated by big banks, but you will never hear about it on financial channels or they will mentioned for 2.sec, like it is not a big of a deal. If someone is caught doing that, they will just pay a small fine and the rigged game will continue. The problem is that all markets are being manipulated.
Gotta have Catalonia to break up the euro for Silver to go up!
Thank you Greg, it would be hard to keep holding PMs without listening to people like you. I keep losing faith in PMs, but decide to keep until 2018. As i believe in the 10 year cycle. 1998-2008-2018
too sad im too invested in PM that i can't invest in btc :(
Yes i wished i was into BTC first, and then start investing PM now
Its good idea my friend