Last week I said the tone in the gold market was changing, but subsequent to that we have had a number of events that assure me the tone is changing. One of them pertains to this revelation by the German regulator, Bafin, that the gold market is more rigged than the LIBOR market was.
That comes as absolutely no surprise to me because I’ve known the gold market is massively rigged for over a decade. But to hear that come out of a person who is inside of the system is very, very significant. Then, when you put that into context with what’s happening with Germany and their gold it all makes a lot of sense.
Please follow SGT Report on Twitter & help share the message.