POSTED BY:

Quentin P.

Created:
2017-02-22 15:36:09 UTC

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Manipulation of gold and silver prices

Claim's number: 92

This Alert Affects: Investors who believe that they may have been adversely affected by the alleged manipulation of the market price for gold and silver by the financial institutions

Brand: London Gold Fixing

Product: Gold & Silver

Category: Financial & Insurance

Deadline:2017-12-31

Description:

Possible Manipulation of gold and silver prices

Six well-known financial services groups combined together to manipulate the outcome of the London Gold Fixing between about 2004 and 2014 and that members of four of those groups combined to manipulate the outcome of the London Silver Fixing between about 1999 and 2014.  

The effect of this was to create false market prices, in particular by artificially depressing prices after the 3pm (London time) Gold Price Fixing and to increase bid-offer spreads in physical gold, physical silver and their respective derivative instruments.   

The relevant institutions did this to increase their profits from their own activities in these markets at the expense of other market participants who have therefore suffered loss and damage, probably running into hundreds of millions of pounds in aggregate.

There can be little doubt that they have breached section 2 of the Competition Act 1998 and are liable to pay damages to any other market participant that suffered loss and damage as a result.

 

How can I participate?

We invite any investors who believe that they may have been adversely affected by the alleged manipulation of the market price for gold and silver by the financial institutions to join our case for free to start a class action and get their compensation.

 

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News about manipulation of gold and silver prices in UK

http://uk.classacting.com/news/Possible Manipulation of gold and silver prices, Proposed Class Action

 

 

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