Precious metals headlines have spiced up in recent weeks as continuing evidence of the reverberations of The End Of The Monetary System As We Know It (TEOTMSAWKI). The closing of the London Silver Fix, gold manipulation lawsuits in New York, Austria wanting to audit its gold held by England, Barclays being fined over gold manipulation, and China wanting more of a say over the gold price are all indicative of the coming US dollar and fiat currency collapse.
LONDON SILVER FIX ENDS, CME GROUP LOOKS INTO DAILY PRICE LIMITS ON GOLD & SILVER
An announcement on May 14 that The London Silver Fix would, after August 14, 2014, no longer operate came as a great surprise to followers of the gold and silver market.
The fix began in the late 19th century as a small group of London bullion dealers met daily to set the price for silver. After 117 years of operation, the silver fix will be no more. As FT reports, “the global benchmark for the metal – is on its deathbed.” ...