OTCQX:BGMZF - Post by User
Post by
ebaginon Nov 14, 2013 2:43pm
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Post# 21906772
THE FIX
THE FIXEvery weekday morning at 10:30, a bullion dealer in the precious-metals trading room of HSBC Bank in London picks up the phone and punches in to a special line. The dedicated line connects him to four other bankers—the members of a powerful and self-policing group called the London Gold Fixing. They set one of the best-known asset prices on earth: the price of gold...
Worth a read: https://www.vanityfair.com/business/2013/11/gold-secretive-trading-business
Ebagin