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Online bullion dealer gets warning for trying to fix gold and silver prices

By  |  June 26, 2012

The New Zealand Commerce Commission has warned Silver Seller and one of its directors, Jacob Martin, over attempted price-fixing. Silver Seller is an online bullion trader that sought to enter into an agreement with a competitor to fix the prices of gold and silver bullion sold on Trade Me. The competitor, according to emails investigated by the Commission, did not respond; instead, it alerted Trade Me and the Commission.

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