“Gold Update- Big Banks Sued Again For Manipulating Gold Prices” – Gold Goliath

Posted on :Nov 12, 2014

Gold last reported a.m. is $166.70 up $2.80 and silver is $15.65 up 5 cents.

Both metals remain available under production costs.

Today the Financial Conduct Authority in the UK is once again fining banks for fraudulent FX trading.

*Citibank 358 million

*HSBC 343 million

*JP Morgan Chase 352 million

*Royal Bank of Scotland 344 million

*UBS AG 371 million

Barclays Bank is also currently being investigated.

While these fines may seem large by working class standards, these fines equate to approximately 1 business days profits for the banks involved.

Gold Goliath is not your typical gold dealer.

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