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Andrew Critchlow: Don’t waste time fixing gold fix — it’s obsolete

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gata.org / By Andrew Critchlow / The Telegraph, London / July 7, 2014

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/109498…

Does the system of fixing the daily price of gold in London really need fixing, or should it be allowed to fade into the annals of history?

Traders and market participants will gather today in London to debate the question which has hung over the City’s precious metals market ever since it emerged this year that major abuses of the 100-year-old process known as the “London gold fix” had taken place.

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