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London gold broker says swings in prices no sign of manipulation
By Nicholas Larkin
Bloomberg News
Wednesday, March 5, 2014
The chief executive officer of Sharps Pixley Ltd., who has traded gold for 30 years, challenged a study that says the market's price-setting mechanism is susceptible to manipulation, compromising the $19.6 trillion of the precious metal that trades annually.
The price fluctuations for gold when five banks meet daily to determine the so-called fixing in London are a consequence of supply and demand, not a sign of manipulation, said Ross Norman, the chief executive of Sharps Pixley, a broker of physical gold in the city. Norman previously worked at Johnson Matthey Plc, N.M. Rothschild & Sons Ltd., and Credit Suisse Group AG. ...
... For the full story:
http://www.bloomberg.com/news/2014-03-05/london-gold-broker-says-swings-...
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Given the increasing risks in financial markets, it is more important than ever to own physical bullion coins and bars and to store them in the safest vaults in the world in the safest jurisdictions in the world. Gold advocates Jim Sinclair and Marc Faber have recommended Singapore.
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And for more information call Daniel or Sharon at +44 203 0869200 in the United Kingdom or at +1 302 635 1160 in the United States. Or email them at info@goldcore.com.
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Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
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Canadian Investor Conference 2014
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Sunday and Monday, June 1 and 2, 2014
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Jim Sinclair plans seminars in Los Angeles and San Diego
Gold advocate Jim Sinclair's next market analysis seminars will be held in Los Angeles from 11 a.m. to 2 p.m. on Saturday, March 8, and in San Diego from 2 to 6 p.m. the following day, Sunday, March 9. Details, including registration information, are posted at Sinclair's Internet site, JSMinset.com, here:
http://www.jsmineset.com/qa-session-tickets/
