Submitted by Ronan Manly, BullionStar.com The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB...
Read More »London Gold and Silver Fix lawsuits
By Allan Flynn, Guest Post at BullionStar.com Five months have lapsed without decision, since London gold and silver benchmark-rigging class action lawsuits received a cool response in a Manhattan court. Transcripts from April hearings show, in the absence of direct evidence, the claims dissected by a “very skeptical” judge, and criticized by defendants for lack of facts suggesting collusion, among other things. Judge...
Read More »Hanging by a Thread: “Very skeptical” judge – a former FBI/SEC official, eyes London Gold and Silver Fix lawsuits
By Allan Flynn, Guest Post at BullionStar.com Five months have lapsed without decision, since London gold and silver benchmark-rigging class action lawsuits received a cool response in a Manhattan court. Transcripts from April hearings show, in the absence of direct evidence, the claims dissected by a “very skeptical” judge, and criticized by defendants for lack of facts suggesting collusion, among other things. Judge Valerie E. Caproni, former white-collar...
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