Silver Fix Gone; Is Gold Next?
By GCRU Gold News on Thursday, May 15 2014, 08:08 - Permalink
Following Wednesday’s news that the London silver fix is set for the chopping block in August, the question now is, could gold be next? CPM’s Jeff Christian says “it’s a possibility.”
Although there is still time to find a solution, Christian said that a lot of contracts will now have to be renegotiated between trading companies and producers, smelters, refiners and industrial users, which could potentially cause problems