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>"Heart attacks can be deadly." -Q
Rothschild emerges from the shadows for the Centenary of the London Gold Fixing
Date 15 Sep 2019 20:09
“The history of the London Gold Fixing is a history of gold price intervention and manipulation“
This month in London marks the 100th anniversary of the first “London Gold Fixing”, the infamous daily meeting of a secretive cartel of bullion banks which has met since 1919 to set benchmark gold prices used throughout the international gold market, a meeting which continues to this day through its thinly disguised successor, the
auction.
London gold price benchmarks are critically important to the global gold market because they are used as a valuation source for everything from ISDA gold interest rate swap contracts to gold-backed Exchange Traded Funds (ETFs), and everything from OTC gold contracts to transaction reference prices used by physical bullion dealers when purchasing gold bars and gold coins from refineries and suppliers.
Since 2015, the London Gold Fixing has been known as the
following a rush by the bullion banks to patch over the then scandalized ‘Fixing’ in a smoke and mirrors and circle the wagons relaunch and renaming exercise. The collusive Gold Fixing first formally came into existence on 12 September 1919 when the Bank of England tapped its favorite bankers N.M. Rothschild & Sons to be the daily Fixing’s permanent chairman. Rothschild and the Bank of England had been joined at the hip since the early 1800s and would continue to be so in the Gold Fixing throughout the next century.
https://www.bullionstar.com/blogs/ronan-manly/rothschild-emerges-from-the-shadows-for-the-centenary-of-the-london-gold-fixing/
Baron Benjamin de Rothschild 1963-2021.
(photo credit: EDMOND DE ROTHSCHILD GROUP SPOKESPERSON)
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Baron Benjamin de Rothschild died on Friday after suffering a heart attack at his home in Switzerland, the Edmond de Rothschild Group reported. He was 57 years-old.
He was born on July 30, 1963, to Baron Edmond and Baroness Nadine de Rothschild. In 1997, at the age of 34, he took over the family business, and specifically the Edmond de Rothschild Group established by his father in 1953.