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Switzerland probes banks over precious metals price fixing
From The Telegraph, London
Monday, September 28, 2015
Swiss competition authorities are investigating HSBC, Barclays, Deutsche Bank, and four other banks on suspicion of price fixing in the precious metals market.
The Swiss Competition Commission "has today opened an investigation against two Swiss banks, UBS, and Julius Baer, as well as against the foreign financial institutions Deutsche Bank, HSBC, Barclays, Morgan Stanley, and Mitsui," it said in a statement.
It said it had indications that the banks had "possibly concluded illegal competition-defying deals" in the trade of precious metals like gold, silver, and platinum. ...
... For remainder of the report:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11895552...
Direct Ownership and Storage of Precious Metals
Outside the Banking System in Zurich and Singapore
Goldbroker.com is a precious metals investment company that enables investors to own and store gold directly in their own name (no mutualized ownership) in Zurich and Singapore.
Goldbroker's clients are not exposed to any counterparty risks. They own gold and silver in their own names (the ownership certificate cites the name of the investor and serial number of his bars) and they have storage accounts opened in their own name as well. So Goldbroker.com's storage partner knows the exact identity of each investor. Goldbroker.com doesn't store in the name of its clients; rather, Goldbroker's clients store personally. All investors have direct access to their gold and silver bars.
Goldbroker.com was launched in 2011 so that investors would avoid any counterparty risk when investing in physical gold and silver.
Goldbroker.com is listed among GATA's recommended monetary metals dealers:
To invest or learn more, please visit:
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