Eurasian alliance plans a Moscow World Standard to destroy LBMA’s monopoly in precious metals pricing

From bullionstar.com

Towards the end of July, news emerged in the Russian media that Moscow and a number of its Eurasian allies are now reviewing a proposal to create an entirely new trading and pricing infrastructure for the international precious metals in order to both destroy London and New York’s monopoly over global precious metals pricing, and to stabilise the Russian gold market. This infrastructure would take the form of: – a Moscow World Standard (MWS) for precious metals trading, akin to the London Good Delivery List of the London Bullion Market Association (LBMA) – a new international precious metals exchange (trading ... (full story)