‘Gold-Fix Cartel’: How Western Banks Were Caught With Pants Down
SputnikNews.com
19.04.2016
It has turned out that Germany’s Deutsche Bank AG and other Western financial institutions have been up to their eyeballs in gold and silver price manipulation for years; experts believe that in the light of this China’s Shanghai Gold Market will take on a new significance for investors.
Deutsche Bank AG, the Bank of Nova Scotia, Barclays, HSBC, Societe Generale, UBS AG and other reputable Western banks have recently been accused of manipulating gold and silver prices, futures, options and other derivatives for years.
Remarkably, on April 14 Deutsche Bank admitted the fact that it had been involved in the conspiracy together with other members of a “cartel” and agreed to name the names in the US federal court.
“We expect that now that DB [Deutsche Bank AG] has ‘turned’ that much more curious information about precious metals rigging will emerge, and will confirm what the ‘bugs’ had said all along: that the precious metals market has been rigged all along,” financial blog Zero Hedge reported on April, 14.
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