With a lot of skepticism around the integrity of the pricing of the gold and #silver contracts, it was interesting to see a former bullion banking insider recently speak out about his own experience regarding how the paper contracts are used to keep the #goldprice lower.
Peter Hambro, a former managing director of London bullion broker Mocatta & Goldsmid, recently wrote an article sharing his own experience and insight into how the gold pricing mechanism actually works. Which is significant given his background in the markets, and just one of the latest data points showing how there’s a lot more at play than simple supply and demand.
The video also covers the latest bank positioning report in the silver market, as well as the other key economic data moving the markets.
So to stay up to date with what’s going on with the metals and the markets, click to watch the video now!