The Phaserl


Um, Say What?? Tocqueville Gold Fund Says, ‘London Gold Fix Probe Could Scare Off Investors’

The London gold fix —a price-discovery process determined during twice-daily conference calls between Barclays PLC, Deutsche Bank AG, HSBC Holdings PLC, Bank of Nova Scotia and Société Générale SA — is currently under review by international regulators as part of a wider probe into market benchmarks.

by Francesca Freeman, WSJ:

Investigations into the London gold fix could scare institutional investors away from the metal, according the head of one of the world’s largest investors in gold and precious metals mining shares.

“We as money managers in the space have been hurt more not by the price action, but by the feeling among investors that [London pricing] is just too weird, too inexplicable,” said John Hathaway, who oversees $2 billion in gold investments for Tocqueville Asset Management.

About 10% of the Tocqueville Gold Fund’s portfolio is made up of physical gold, with the remainder in mining companies shares and other assets tied to gold.

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1 comment to Um, Say What?? Tocqueville Gold Fund Says, ‘London Gold Fix Probe Could Scare Off Investors’

  • The Truth

    Could scare off investors? It already has! Why do you all think there is a run on physical gold and silver. This seems to be a setup. Gold and silver is money, and keeping the Ponzi price artificial would scare the regular investors while the smart ones in the know accumulate it with worthless FIAT. Everything is rigged. Even your doctors and pastors. This Ponzi currency is like crack and the entire planet is drunk with it. The sad part is that it is very easy to steal from a drunk, so imagine how many people are going to get robbed.

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