The NEW Silver FIX — Alasdair Macleod

Silver fixIn this excellent interview with the SGTReport, gold expert Alasdair Macleod discusses 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, MARKET 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…