Rothschilds Quit Gold Market & London Fix
The London Gold Fix has been a regular feature of the international gold market since Friday, September 12, 1919, when the five gold pool members met for the first time, at the premises of the London merchant bank N.M. Rothschild, and with Rothschild as the chairman.
On April 8th 2004, N.M. Rothschild announced that it was withdrawing from the gold market.
On the morning of Monday 5th May 2004, gold was fixed as usual, but by a telephone conference between three market member in London and one in Paris.
Brief History of Rothschild as London Bullion Market Member
1809 - Established in New Court, St Swithin's Lane by Nathan Mayer Rothschild
1836 became N M Rothschild & Sons on the death of Nathan Mayer
1840 Became bullion broker to the Bank of England
1852 Took the lease of the Royal Mint Refinery
1919 Became permanent chairman of the Gold Fixing on its establishment
1970 Incorporated as N M Rothschild & Sons Limited
Rothschild Gold Bars
We sell Rothschild gold bars, when we can get them. The withdrawal of Rothschild from the gold market has intensified interest from collectors of their bars.
Another Market Maker Leaves
Shortly after the Rothschild surprise, another market maker AIG also quit as a market maker.
London gold fix prices can be found on the site of the LBMA, the London Bullion Market Association.
Gold Price Future - Up or Down?
Update 4th June 2001
Rothschild 50 Gram Gold Bar
Gold Bullion Bars