First we had a glut of gold. “We Buy Your Gold” on every street corner.
Then the accusations of price rigging (having a “spot fix” with five banks on conference call doesn’t exactly inspire confidence that there won’t be collusion).
Now we have the lawyers touting for business. No doubt there will be others.
If you were a gold investor since 2004, or an investor who suffered losses in the recent decline, you may be eligible to file a legal proceeding to seek recovery of your damages.
Persons who may be eligible:
Investors in gold derivatives that referenced the London Fix
Investors in gold derivatives traded on COMEX, such as futures contracts
Investors in gold ETFs or mutual funds
Are a gold producer
Bought/sold physical gold at a contract price tied to the London Gold Fix
and wish to have your circumstances or investment reviewed or discuss your legal rights, you may, without obligation or cost to you, email [...] or call the law firm…
I expect to be getting a lot of robot-phone calls along the lines of: “have you bought or sold any gold since 2004 and made a loss or less profit than you think you should have?….”