Billionaire Sprott Looking To Sue Banks For Gold Manipulation

“I think it’s very important that your listeners (and readers) understand exactly the chronology and the depth of the investigation into the manipulation that’s gone on (in the gold market). It got a bit of a head of steam when the German regulator came out and said that they were going to investigate the LBMA....

And then in the middle of December they investigated Deutsche Bank. On January 17th the (German) regulator came out and said it was possible the manipulation of the gold market could be worse than LIBOR.

But what’s happened in the last couple of weeks is we’ve had some lawsuits filed, and one of the lawsuits was filed by a legal firm that I had been in touch with a couple of weeks earlier. This law firm was the co-lead law firm in the LIBOR scandal. I’m sure they will be involved in the Forex scandal as well.

They’ve hired on a group that’s done all the investigative work on the previous scandals. So this is a serious investigation in terms of generating prima facie evidence of manipulation. I don’t think this is going to go away -- it’s going to get bigger."

- Eric Sprott via a recent King World News interview, read more here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/3/14_Billionaire_Sprott_Looking_To_Sue_Banks_For_Gold_Manipulation.html