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These 7 Banks Are Now Being Investigated for Gold Rigging

Good news: Swiss regulators are now investigating five major banks for gold rigging. These banks include: UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley, and Mitsui. The bad news? The investigation may take up to 2 years to complete. Turns out UBS is cooperating with authorities and providing information about the other banks in exchange for "lenience." ...

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This Has Never Happened in the Gold Market Before (Ever)

For the first time ever, the number of paper gold contracts exceeds the amount of physical gold available by 252 times. This is a remarkable figure. This means there are 252 claims on every ounce of gold. If every person decided to take delivery of the gold they "own" on paper, then only 1 person out ...

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