Deutsche Bank reportedly admits to manipulating gold and silver prices

According to foreign media reports, Deutsche Bank has decided to "betray" the precious metals manipulation alliance and first reached a settlement on the allegations of long-term silver price manipulation. In addition to the consideration (the consideration is also called the price that one party must pay to the other party when obtaining a certain benefit), the settlement agreement also includes exposing the price manipulation behavior of other banks. In addition, the settlement agreement stated that "it agreed to cooperate with the plaintiff, including providing instant messaging and other electronic communications as part of the settlement."

According to Reuters, a few hours later, Deutsche Bank also reached a settlement with the United States for manipulating the gold price. In other words, a few hours after admitting to manipulating the silver price, Deutsche Bank also admitted to manipulating the gold price.

Some experts believe that more information about the manipulation of precious metals prices will come to light and will confirm what some investors have been saying: the precious metals market has always been manipulated.

The precious metals market is an investment method for investors to buy low and sell high to earn the difference. It is also a place to hedge and preserve assets when the economic outlook is not optimistic.

However, judging from this report and previous reports on the manipulation of precious metal prices by the capitalist financial industry, the precious metals market seems to have become a tool for a small number of powerful organizations or individuals to make money.

Since ancient times, there has been a saying that "buy houses in prosperous times and buy gold in troubled times." However, this kind of price manipulation in the precious metals market will inevitably shake the trust of the general public.

So, how about Bitcoin as an investment and value preservation tool?

According to previous reports by Medium, China's stock market faced a bear market in 2015, and global stock markets were even more vulnerable.

Major currencies also depreciated against the U.S. dollar, with the Canadian dollar being the worst hit, down almost 16%. Most developing country currencies were hit hard, with the Russian ruble down nearly 21% and the Brazilian real down nearly 30%.

Bitcoin, a borderless currency ruled by mathematics, beat all other currencies in 2015. Not only that, data shows that Bitcoin was the best performing asset in 2015.

As a decentralized digital currency, Bitcoin has the characteristics of low transaction fees, global circulation and traceable transaction records, and has been widely recognized and supported. In 2016, the demand for the use of Bitcoin continued to grow.

In response to market manipulation, BTCC's 20x leverage "Pro Exchange - Professional Trading" opens up all market depths to achieve true fairness and transparency!

Bitcoin has been developed for a short time, but has achieved great success. However, in terms of acceptance, it cannot be compared with precious metals with a long history. But we believe that with the development of the Internet, Bitcoin, as a decentralized digital currency that has made significant progress, will also provide more possibilities for the public in the near future, not just in the field of investment and value preservation.