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Quiet Guy

Rothschild To Pull Out Of Gold Market After 200 Years

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"The investment bank that has chaired the London meetings setting the world gold price since 1919 is quitting the market.

NM Rothschild will withdraw from all its commodity trading activities, which also include an oil trading business set up less than two years ago, as part of a strategic review.

The move brings to an end nearly 200 years of tradition. NM Rothschild was founded in London in 1810 by Nathan Mayer Rothschild, who helped finance the Duke of Wellington's army in the Napoleonic wars through gold trading."


I've said before that I'm not keen on conspiracy theories but the timing of this event seems interesting to say the least. Shortly after one of the most massive gold smashes caused by a futures trading spike, Rothchilds decides to depart for better things.

The other thing about this story is a sense of déjà vu. The last report I recall reading about Rothschilds exiting a role in the gold market was another big price suppression event:


Once is unfortunate. Twice is ???

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The Telegraph article is from 2004.

Ah, Blonde beat me to it whilst i was reading.

Damn! I followed the link from 'Todays' most read but missed the date.



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  • 238 Brexit, House prices and Summer 2020

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