Commodity Trade Mantra

Posts Tagged ‘South African Gold’

Declassified CIA Memos Reveal Probes Into Gold Market Manipulation

The CIA recently released a series of declassified 1970s memos relating to the gold market & the newly created SDR. Each of the declassified gold and SDR documents was marked “SECRET”. These memos give new insight how the CIA viewed the gold market, the perceived manipulation of gold & the potential for the SDR to become a gold substitute in the international monetary system.

Gold Drops Below Cash Cost, Approaches Marginal Production Costs

Not even Bernanke, Yellen, or all the paper Gold ETFs in the world will be able to do much to suppress gold prices from reaching their fair value when gold production hits a standstill, and when demands, especially by China, is still in the hundreds of tons each year.

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