This is a major shift in gold bullion price fixing. The London Bullion Market Association (LBMA) has been at the epicenter of setting bullion prices for over a century. But on April 18, 2016 an overnight historic event took place when China, the world’s top gold producer, importer, and consumer launched a new yuan-denominated trading platform to fix the price of gold. China’s bold move to create this on the Shanghai Gold Exchange is in response to having to depend on the U.S. dollar in international transactions. And while the London Fix is conducted in dollar, pound and euro, the […]Read More
Jim Rickards, a financial lawyer and consultant for the U.S. government is warning Americans about another immanent economic collapse and is urging all savers and investors to own gold before it goes to $10,000 per ounce. It is difficult to find another financial expert with as much credibility and foresight as Jim Rickards. He is a multi-bestselling author with a stellar track record. In 2011 Jim accurately predicted how all the world’s largest countries would begin to devalue their currencies when he wrote his book Currency Wars: The Making of the Next Global Crisis. Just 5 short years later, Mr. […]Read More
“Your Essential Guide to Precious Metals”
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