Invest Offshore

Day: February 2, 2016

  • Gold and silver are known; all else is credit

    —

    by

    Aaron
    in

    As J. P. Morgan famously said: Gold and silver are known; all else is credit. The gold price is fixed twice each business day in London. It’s called the London AM or PM Fix. Many contracts reference the London Fix to set a price for future gold delivery. It may be that the bullion dealers…