By Jeffrey T. Lewis and Rogerio Jelmayer
The Wall Street Journal
Thursday, July 2, 2015
SAO PAULO, Brazil -- Brazil's antitrust agency is investigating banking giants HSBC Holdings PLC, Citigroup Inc., Deutsche Bank AG, and a long list of their peers on suspicion of forming a cartel to manipulate the exchange rate of the Brazilian currency, the real.
The agency, known as CADE, said Thursday there are "strong indications" of the use of anticompetitive practices in the foreign-exchange market by the three big banks and a number of other U.S. and overseas lenders.
CADE said there was evidence the banks worked together to fix the exchange rate, coordinate the buying and selling of currencies, and impede the operations of other banks operating in Brazil's foreign-exchange market, among other things. ...
... For the remainder of the report:
http://www.wsj.com/articles/brazil-antitrust-agency-investigating-banks-... [1]
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:
http://www.gata.org/node/173 [2]
To invest or learn more, please visit:
https://www.goldbroker.com/ [3]
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015
http://noic2015.eventbrite.com/?aff=gata [4]
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell [5]
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html [6]
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal [8]
Help keep GATA going
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