Ilya Karpyuk: Golden Reform
Ilya Karpyuk Gold fixing Almost a century ago, on September 12, 1919, at 11 a.m. Greenwich in the London office of N.M. Rothschild and Sons ”(NM Rothschild & Sons) gathered representatives of five companies, largest manufacturers and gold sellers, in order to determine the fair price for precious metal at the request of the Bank of England. So gold fixing appeared-a way of determining the cost of gold, which is still used by all at least some noticeable market players. Then, at 11 a.m.