It was so common to manipulate the gold markets that traders didn’t realize it was wrong?
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the massive scandal that’s plagued Deutsche Bank for years.
As we reported years ago, David Liew who is currently on trial exposed a culture of gold market rigging/spoofing at Deutsche Bank after his arrest.
Now he’s back in the news and has made some stunning statements about the rigging happening at the embattled German bank. He says that it was so common place at Deutsche Bank to manipulate gold markets that he didn’t realize it was wrong.
This has been a topic that has driven many gold and silver investors crazy for years. The markets have been completely suppressed. In fact they’re not even meant for investing, they’re meant as wealth insurance, however banks like Deutsche Bank, HSBC, Scotia Bank, JP Morgan and BNP Paribas have been infamous for rigging both the gold and silver markets in order to turn a wealth insurance into a quick investment.
In this video, Tim who is a certified financial planner explains market rigging.
Stay tuned for more from WAM!