Dec 3, 2017

RT - Russia Today | Dec 3, 2017 | Russia & China could set international gold price based on physical gold trading | Blogger: Yeha!... Semper fi.... -- Preparing for the Collapse of the Petrodollar System - You Are a Debt Slave: Gold and Silver paper has been rigged for 20 years, The Financial System is rigged in favor of the Rich, Petrodollar paper note - is a claimcheck (has no real value).. US Financial Executive or Legislative Bodies like - I.M.F., FED, U.S.T, C.T., B.I.S., WORLD BANK, U.N., M M.O.U.S.E. and the Notorious Tax Havens has been infiltrated and are corrupted... |

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Since Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold, or both, it is highly likely that the BRICS bloc they constitute could focus its cross-border gold trading network on trading physical gold.

Gold pricing benchmarks from such a system would be based on physical gold transactions, which is a departure from the way the international gold price is currently established.
Such a system would also be a threat to “gold” trading markets in London and New York. The London Over-the-Counter (OTC) and the New York COMEX futures exchange currently set the international gold price.

OTC and COMEX are really trading synthetic derivatives on gold, and are completely detached from the physical gold market. In London, the derivative is fractionally-backed unallocated gold positions which are predominantly cash-settled. In New York the derivative is exchange-traded gold future contracts which are predominantly cash-settled and backed by very little real gold.

The major gold producers Russia, China and other BRICS nations could change the way the international gold prices are set currently - in a synthetic trading environment which has very little to do with the physical gold market....[READ MORE]
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Rigged Markets are the Norm (ZeroHedge -Podcast - Dec 6, 2016)


by Soren K of MarketSlant-The only reason we are even starting to get to the bottom of the LME Silver and Gold scandals is because the game in those markets is over. The carpet baggers have moved on to more fertile fields like China and India. Listen as a 25 year professional with experience on both sides of the fence gives a 1000 foot overview how investors are squeezed from above, via government policies, and from below through trading execution.

Vince Lanci reacts to LME Silver and Gold Fix scandals. He describes how all markets are rigged both top-down and bottom-up against the public. Vince is a 25 year Energy and Metals trader. He is expert in Trade Forensics and Market Structure analysis, and has contributed to
Zerohedge and MarketSlant several times on metals manipulation mechanics.