Just imagine this; IF the price of these precious metals, is discovered to be manipulated, like the LIBOR, and should have been perhaps $2000 for gold right now, our sp most likely would be much higher.

So, lets say that the POG was manipulated, and that perhaps the POG should actually be around $5000 where some columnists and analysts have suggested in the past. Would our sp be this low, or perhaps it would be around .50 ? Not only our sp, but sp,s of all the juniors and seniors and any company that had PGM interests, would perhaps be enjoying higher sp,s.

The scale of such a manipulation could make the recent LIBOR Scandal, look like a drop in the bucket to the magnitude of harm this type of manipulation could have caused to individuals, as well as entire economies. The hardest impacted economies would be the poorest countries, and coincidently, that seems where most of the gold comes from, South America and Africa to name two.

You should not only look at todays value of your stock when considering this. You should also consider any sells you may have made on any of these precious metal stocks in the last few years. Perhaps you had to sell stock for a reason, and because of manipulation, you had to sell twice the amount of stock to realize the same monetary value. You can see where I am going with this, and how the damages could run really deep, IF the POG was manipulated to a great degree by some banks.

I would not be surprised to see more countless lawsuits launched against these banks if this is the case after an investigation has been done. These suits would most likely not be comprised of monetary loss alone and may come with a personal pain component as well, where damages other than monetary could be forwarded towards the courts. Time will tell if an investigation is opened up.

Perhaps, a tangled woven web.......

Anthony Halley | March 14, 2013

The Commodity Futures Trading Commission (CFTC) is trying to determine whether or not the daily setting of gold and silver prices is subject to manipulation in a way similar to the fixing of the Libor index.

The Wall Street Journal and the Guardian reported yesterday that the CFTC is discussing the level of transparency involved in the gold price setting process that involves two daily teleconferences with five of the world's major banks: Barclays, Deutsche Bank, HSBC, Scotiabank and Société Générale.