PRWeb.com
New York, NY (PRWEB)
July 24, 2012
Michael Lombardi, lead contributor to Profit Confidential, asserts that following the London InterBank Offered Rate (LIBOR) scandal, proves there is corruption by the big banks. Lombardi thinks that if big banks and central banks are manipulating interest rates and mortgage rates (and thus the stock market), then they are certainly keeping a close watch on the one currency that trades opposite of all fiat currencies—gold.
Michael Lombardi, lead contributor to Profit Confidential, asserts that following the London InterBank Offered Rate (LIBOR) scandal, proves there is corruption by the big banks. Lombardi thinks that if big banks and central banks are manipulating interest rates and mortgage rates (and thus the stock market), then they are certainly keeping a close watch on the one currency that trades opposite of all fiat currencies—gold.
“The next scandal, I believe, will be about gold bullion being manipulated,” says Lombardi.
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