A 1974 US Embassy cable predicted futures markets would ‘negate long-term hoarding.’ Treasury auctions tried to crush gold’s price. Here’s what the declassified record actually says — and what it means for physical buyers today.
The strain on gold inventories is causing an increase to the gold price and loss of credibility with the London gold market.
Gold has been an instrumental component of the economy since before the American Revolution. Our founding fathers had the forethought to include gold and silver coins in the Constitution. A metallic standard was a central foundation for the economy in the United States based on gold and silver coins. The US Mint was established on … Read moreBRICS: A New Global Gold Standard
COMEX is a commodities futures exchange where the supply of future raw materials and other goods is traded for delivery in the future. Highlights COMEX is an electronic trading platform that allows investors and brokers to trade futures contracts on a variety of consumable resources, both man-made and natural. Oil, pork bellies, orange juice and … Read moreWhat Is COMEX?
In 2020, JP Morgan Chase admitted that it scammed precious metals investors of billions of dollars by rigging the markets for more than ten years. To avoid prosecution, the company agreed to pay almost $1 billion in fines for schemes related to defrauding precious metals futures exchanges and US Treasuries. Rumors and speculation have circulated … Read moreJP Morgan Chase Paid $920 Billion Fine in Precious Metals Fraud Scheme Spanning 10 Years
The silver spot price is the raw wholesale benchmark, while retail silver reflects manufacturing, logistics, and business overhead.