Q: Peter and Co, thanks for the exceptional service.
My question is off topic in some ways but it may have implications for one of Peter's favourite stocks, BNS.
Reuters has reported that in Germany, the UK and the USA there are ongoing investigations into the suspected manipulation of the benchmark pricing of gold and silver. This investigation comes on the heels of the LIBOR price-fixing scandal. The Bank of Nova Scotia-ScotiaMocatta is one of the five banks that are involved in the twice-a-day price fixing for gold.
If there is found to be manipulation in the gold price-fixing, how significant would this be for BNS if ScotiMocotta is implicated?
Thanks.
Ed
My question is off topic in some ways but it may have implications for one of Peter's favourite stocks, BNS.
Reuters has reported that in Germany, the UK and the USA there are ongoing investigations into the suspected manipulation of the benchmark pricing of gold and silver. This investigation comes on the heels of the LIBOR price-fixing scandal. The Bank of Nova Scotia-ScotiaMocatta is one of the five banks that are involved in the twice-a-day price fixing for gold.
If there is found to be manipulation in the gold price-fixing, how significant would this be for BNS if ScotiMocotta is implicated?
Thanks.
Ed