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editorial vault |
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Uploaded on Monday 1 February, 2016 to the nexus of power |
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The standard behind the fluctuating gold price |
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How is the gold price fixed? Is it determined by market forces in an unregulated manner, or is it set through a formalized pricing standard? In Greek mythology, the Midas Touch is the ability to touch anything and turn it into gold. In our times, gold bullion brokers taking part in the London Gold Fixing can manipulate the gold price and inflate its value to well beyond its base, thus enriching the gold hoarders. |
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