The era of cheap gold ends
From 1919 to 2015, the price of gold due to Gold Fixing. The price was set by London Gold Market Fixing Limited. On March 20, 2015 fixing ceased to be installed according to the old methodology and was replaced by electronic auctions LBMA Gold Price.
Initially, the "golden five" consisted of the following companies
1.N M Rothschild & Sons
2.Mocatta & Goldsmid
3.Pixley & Abell
4.Samuel Montagu & Co
5.Sharps Wilkins
What now?
Thirteen market participants are accredited to participate in LBMA Gold Price trading:
Bank of China
Bank of Communications
China Construction Bank
Goldman Sachs International
HSBC Bank USA NA
ICBC Standard Bank
JPMorgan Chase
Morgan Stanley
Société Générale
Standard Chartered
The Bank of Nova Scotia - ScotiaMocatta
The Toronto Dominion Bank
UBS
These banks all belong to the same families.
Most of the gold has already been bought and there is no point in keeping it at this level.
In a period of instability, investors will seek refuge for their assets. And gold will not be a bad refuge for long term.
WE WILL BE GOLD BEFORE THE PORN, WHILE GOLDEN IDEOLOGISTS WILL EXIST . Rothschild's
From 1919 to 2015, the price of gold due to Gold Fixing. The price was set by London Gold Market Fixing Limited. On March 20, 2015 fixing ceased to be installed according to the old methodology and was replaced by electronic auctions LBMA Gold Price.
Initially, the "golden five" consisted of the following companies
1.N M Rothschild & Sons
2.Mocatta & Goldsmid
3.Pixley & Abell
4.Samuel Montagu & Co
5.Sharps Wilkins
What now?
Thirteen market participants are accredited to participate in LBMA Gold Price trading:
Bank of China
Bank of Communications
China Construction Bank
Goldman Sachs International
HSBC Bank USA NA
ICBC Standard Bank
JPMorgan Chase
Morgan Stanley
Société Générale
Standard Chartered
The Bank of Nova Scotia - ScotiaMocatta
The Toronto Dominion Bank
UBS
These banks all belong to the same families.
Most of the gold has already been bought and there is no point in keeping it at this level.
In a period of instability, investors will seek refuge for their assets. And gold will not be a bad refuge for long term.
WE WILL BE GOLD BEFORE THE PORN, WHILE GOLDEN IDEOLOGISTS WILL EXIST . Rothschild's
Trade active
Comment:
break out 2000$
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