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<p>[QUOTE=&quot;mlov43, post: 1823729, member: 16729&quot;]Wow.&nbsp; That sounds like too much temptation for the auction houses not to &quot;cook the books&quot;, so to speak. </p><p><br /></p><p>You can&#039;t tell me that doesn&#039;t happen...I mean how big are some of these &quot;auction houses&quot; really?&nbsp; &nbsp; It could very well be just two people sitting in a room together, one them running the &quot;bidding-arm only&quot;.&nbsp; ...And they won&#039;t talk to each other?&nbsp; No way.&nbsp; Never happens.&nbsp; Not in a million years, I&#039;m sure(!)</p><p><br /></p><p>It sounds kinda like how five banks in London (ever since 1919) meet every business day to fix the price of gold.&nbsp;&nbsp; And those with &quot;inside knowledge&quot; get to reap the profits:</p><p><br /></p><p>&quot;<i>The process, during which gold is bought and sold, can take from a few minutes to more than an hour. The participants </i>[in the banks]<i> also can trade the metal and its derivatives on the spot market and exchanges during the calls. Just after the fixing begins, trading erupts in gold derivatives, according to research published in September. Four traders interviewed by Bloomberg News said that’s because dealers and their clients are using information from the talks to bet on the outcome.&quot;</i></p><p><br /></p><p>“T<i>raders involved in this price-determining process have knowledge which, even for a short time, is superior to other people’s knowledge.”</i></p><p><i><br /></i></p><p><i>From: <a href="http://www.bloomberg.com/news/2013-11-26/gold-fix-drawing-scrutiny-amid-knowledge-tied-to-eruption.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bloomberg.com/news/2013-11-26/gold-fix-drawing-scrutiny-amid-knowledge-tied-to-eruption.html" rel="nofollow">http://www.bloomberg.com/news/2013-11-26/gold-fix-drawing-scrutiny-amid-knowledge-tied-to-eruption.html</a></i>[/QUOTE]</p><p><br /></p>

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