New York Court Investigates Claims Silver and Gold Prices Rrigged
by Trevor Sykes
Australian Financial Review, Sydney
Monday, May 9, 2016
Silver and gold are looking strong again, partly because of interest rate movements but possibly also because of a court case being settled in New York.
The interest rate factor is clear. One of the arguments against holding precious metals has always been that they yield no interest. Now we are in an environment where government bonds and bank deposits yield very low interest anyway, so that argument has lost much of its strength.