Commodity Trade Mantra

Posts Tagged ‘Trading in Gold’

Evidence on Gold Price Manipulation is very Clear - Time to Buy is NOW

The big western banks have a monopoly on gold prices even if they do not have a monopoly on physical gold. But that could be about to change. Russia and China are not only building up physical reserves and exploring for more, they are building trading systems that allow for price discovery and leveraged trading in gold. Soon, the physical gold market will regain the upper hand as a price maker.

Who Says You Can't Pay Your Debts with Gold?

The Swiss Federal Customs Administration, reflected that $1.3 billion worth of gold bars were received, believed to be payment on two big bond payments due this month. With a loss of revenue from the drop in the price of oil, Venezuela may have to default on future bond payments. I wonder how the anti-gold crowd will spin this story that gold was used as a payment on debt?

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