Last week, two former JPMorgan precious metals traders were found guilty of precious metals market rigging spanning nearly a decade. Unfortunately this misleads the real price for physical gold bullion and physical silver bullion.

The former co-head of JPMorgan's precious metals trading desk and his top gold trader got convicted by a federal jury after a three-week trial.

US Department of Justice prosecutors presented precious metals market rigging evidence, including detailed trading records, chat logs, and testimony by their old co-workers.