Monday, 4 August 2014

Alasdair Macleod - The NEW Silver FIX

In this interview with Alasdair Macleod we discuss Friday's news that the CME and Thomson Reuters have been chosen to run the replacement for the 117-year old London Silver Fix. But the new boss is the same as the old boss, because it looks like the new system is little more than an ELECTRONIC FIX - so there will be NO free market mechanism allowed to set the REAL daily price for silver. We also discuss the startling fact that according to Jeff Christian's CPM Group, $5 TRILLION of silver circulated globally last year -- that equates to $5,000 per ounce silver if all that paper had to be backed by PHYSICAL.