Goldman, BASF,& HSBC accused of fixing platinum prices
bronco2078
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Knowledge is the enemy of fear
games with the bookkeeping. Well, maybe in Platinum, but surely not in gold....lol.
Has to be nice to be a high level exec in a big bank or brokerage that rig nearly every market on earth, and know you can't go to jail. Only the "little people" go to jail.
HSBC is pretty heavily into the cocaine, heroin and weed markets also. Of course their experience with large scale drug trade goes back almost 200 years so you would expect that they would be on top of that sort of thing.
<< <i>Has to be nice to be a high level exec in a big bank or brokerage that rig nearly every market on earth, and know you can't go to jail. >>
At least until your employer believes you might be called in to testify.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>I'd rather see the short list. That is, what markets haven't they been accused of rigging? Whale blubber might make the list. HSBC is custodian for the gold ETF GLD. And we all know they wouldn't be playing
games with the bookkeeping. Well, maybe in Platinum, but surely not in gold....lol.
Has to be nice to be a high level exec in a big bank or brokerage that rig nearly every market on earth, and know you can't go to jail. Only the "little people" go to jail. >>
How true. I, as a small fish, tend to think one should just swim in the draft of the big fish and go along with the ride, and thus pick up a few of the meager profits they allow. But usually, I end up getting slapped the the big fish tail.....
<< <i>
<< <i>Has to be nice to be a high level exec in a big bank or brokerage that rig nearly every market on earth, and know you can't go to jail. >>
At least until your employer believes you might be called in to testify. >>
Well, I never said they couldn't get "whacked" or allowed to swim with the fish. Maybe it's time to give them hazardous duty pay?
I knew it would happen.
<< <i>The thing I like about platinum is that someday, platinum supplies are going to be hard to come by. >>
By then nobody will need any...