Welcome to pay-to-play, UK Edition, where we don’t guarantee any accuracy in the data, yet we’ll still charge you the paltry sum of 18,000 bucks to get it…
If not ironic.
I’m not really sure.
Here’s what it is though.
It’s inaccurate AND expensive.
That sounds like a good deal, right?
A funny thing happens across the pond.
People are now paying big bucks for nothing.
Whereas the United States generally takes an “ignore gold & silver at all costs” approach to the hassles of basic, honest questions from concerned people about the gold & silver “markets”, the LBMA has taken a more pro-active position.
Case in point: The LBMA’s move to become more “transparent”.
Of course, this assumes the LBMA is not just simply lying, but for a moment, let’s just assume they are in fact becoming more transparent.
Well, wouldn’t you just love to check out the LBMA’s new-found transparency?
Data mining is, after all, widely assumed to give a traders an “edge”, though I have my doubts.
About edge, that is.
You wanna know what gives traders an edge?
Having a direct line to the inside so you can fraudulently suck profits out of these “markets, all the while the government, regulators, and the banks either turn a blind eye, or willfully and willingly participate in the profit-making with you.
But I digress.
We’ve been covering the new-found LBMA transparency since it began.
Check out our archives of LBMA transparency here.
The LBMA is back in the news again, only there’s a catch.
If you want to get the reports, well then, prepare to fork over a pretty penny.
Actually, 1,800,000 pretty pennies to be exact.
For the report.
But don’t take ‘Ol Half Dollar’s word for it, check out the pricing for yourself:
Now that the word is out, I would think that the pricing will ultimately be taken off of the website.
You will need to “use the contact form below” to even see the price, and if that happens.
What would we call it?
Because we are talking about the price for LBMA’s transparency.
Yet the price for transparency won’t be, well, transparent.
That’s like irony inside of irony, don’t you think?
But wait, there’s even more deeper irony.
Call it irony within irony within irony.
Are you ready for the real kicker?
Check out the LBMA’s trade reporting “disclaimer”:
I started highlighting important points in yellow until I realized I’d offer nothing more than a gigantic yellow blob.
Could you imagine a world in which people fork over $18,000 a year for what is not even accurate data?
People who doubt the US dollar has already hyper-inflated should just look at this utter rubbish.
Because only in a hyperinflation would people pay $18,000 for, well, absolutely nothing.
Heck, I’ll offer my own reports on transparency, and I’ll include the COMEX too!
I’ll give you twice as much data, and I’ll only charge you half as much for it.
Imagine that – you could get access to upgraded transparency for less!
My ultra-competitive price of only $9,000 for the gold & silver data.
I’d even throw in a 1 ounce gold coin and a 1 ounce silver coin.
That is, if you pay the entire, non-refundable year in full!
You will have the VERY BEST data at your disposal.
Just don’t get to thinkin’ the data is guaranteed.
For accuracy, completeness, or anything.
Because there is no guarantee at all.
Except that you will get some data.
Just don’t expect it to be useful.
Think of it more like, well.
I’m not an Englishman.
But there is a word.
That describes it.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.