Lowest Friday Gold Fix Since April 2010, But Price 'Remarkably Strong', Gains vs Euro as US Stocks Sink
Adrian Ash is head of research at BullionVault, the world-leading gold trading & ownership service online…
Formerly City correspondent for The Daily Reckoning in London and head of editorial at the UK’s leading financial advisory for private investors, Adrian Ash is the editor of Gold News and head of research at BullionVault – winner of the Queen’s Award for Enterprise Innovation, 2009 and now backed by the mining-sector’s World Gold Council research body – where you can buy gold today vaulted in Zurich on $3 spreads and 0.8% dealing fees.
(c) BullionVault 2010
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Source: https://www.bullionvault.com/gold-news/gold-fix-031320151
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Thank goodness the Chinese National Bank is taking over the gold ‘fix’ (strange term, eh?) on March 20th, and wresting control from the London Inner City scumbags. The Chicomms are sitting on thousands of tons of real, physical gold, and now are ready to drive up the price to support their soon-to-be gold-backed currency. Then it is good-bye to the U.S. dollar, and the Euro.
And wait until thousands of people who think they own physical gold find out the market is leveraged 100:1 paper/actual gold. Oh boy….what a panic then. The truth is that for the past 2 years the physical bars have been moved to China, after being melted down in Hong Kong and reconstituted for the People’s Bank of China, and out of the U.K. and U.S. big banks’ vaults. Oh what a tangled web (of lies, market manipulation and deceit) we weave…