Here the slime-ball Jim Rickards explains exactly how the big banks manipulate, arbitrage, allocate, hedge and basically fiddle the books. Jim Willie and I have discussed Rickards, and agree that he's a corrupt insider, who sounds here as though he's trying to save his soul before judgement day!
Beware his wider explanations, as he is still an inveterate liar, but here he's spilling the beans on the manipulation of the gold price, in order to save the fiat system and make more profits.
So why is he squealing? Maybe he has a new Master?