The story goes as follows. There is record in the CIA files
Sanitized Copy Approved for Release 2010/12/23: CIA-RDP90-00806R000100260001-1 Central intelligence Agency Washington, D.C. (703) 351-7676 George V. Lauder Director, Public Affairs 1 March 1984 FYI e -explanatory follow-up note fro on alleged involvement of retirees on the board of the so-called "Center for Strategic Investing." The retirees aren't ours. Over to Justice. George V. Lau er Sanitized Copy Approved for Release 2010/12/23: CIA-RDP90-00806R000100260001-1 Sanitized Copy Approved for Release 2010/12/23: CIA-RDP90-00806R000100260001-1 2 2 FEB 1984 MEMORANDUM FOR: Public Affairs Office ATTENTION: FROM: Deputy Director of Security Personnel Security & Investigations SUBJECT: Center for Strategic Investing REFERENCE: Verbal request from the Public Affairs Office for information on Center for Strategic Investing dated.-7 February 1984 1. In early December an Agency employee forwarded to the Office of Security an unsolicited letter he had received from an organization entitled Center for Strategic Investing (copy attached). On the letterhead, four individuals listed as being members of the "Intelligence Board of Advisors" are identified as being retired employees of the Central Intelligence Agency. A review of the Agency's Personnel and Office of Security records indicated no record that the four individuals have ever been employed by this Agency.
A review of the information contained in the letter was also made and it was felt that it was not classified but appeared to be information gleaned from the open media with the addition of hindsight and "active thinking." 3. The above information was forwarded to the Federal Bureau of Investigation on 8 December 1983 as a possible impersonation. 4. Please refer any q green line extension questions on. this matter .
OS 4 0391 Sanitized Copy Approved for Release 2010/12/23: CIA-RDP90-00806R000100260001-1 Sanitized Copy Approved for Release 2010/12/23: CIA-RDP90-00806R000100260001-1 CENTER FOR STRATEGIC INVESTING Post Office Box 1440, 1exandria, Va. 22313
Dear Reader of this Letter: Let me tell you an unusual story -- that, until now, has never. been reported in the public media. . It concerns an event that took place a year. ago, in Africa. And it's like something out of a James Bond thriller. Like any good spy story, it has everything: Action (savage killings, and a hijacking) ... colorful cast of characters (including Yuri Andropov, and an East German super spy)..-political implications (a threat to our national security)... and, naturally, mom, This story, however, is not an entertainment. (Though it greatly fascinated the intelligence community.) Rather, it is being told here, for the first time, to illustrate some. important points... That investment trends and opportunities in the United States are usually triggered by geopolitical events abroad. . .that governments, banks and .other large financial groups exploit these geopolitical occurrences by manipulating the markets for precious metals and other 'hard monies'...but that private investors can often anticipate these manipulations, and thereby profit from this artificial rising and falling of prices. Understand how the 'game' is played, then, and you'll make a great deal of money. Forget those realities -- and you'll lose your shirt.
THE GREAT PALLADIUM GRAB The star of this story is not a man -- but a silvery-white metal. Palladium (produced with platinum) is one of those exotic metals upon which our high-tech society depends -- in.communications ...phar- maceuticals...pollution controls ... and defense' production. There's no substitute. It's essential. But did you know that 70% of palladium production comes from the Soviet Union? That the rest comes from South Africa? That total production from both countries is only about 100 tons a year? Now imagine this: Suppose all South African production was wiped.
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Suppose the West was now dependent on Russia -- which could raise the price ten-fold.. .twenty-fold. . .or more. Or: Refuse to sell us a single ounce. The ultimate diplomatic blackmail. And, suddenly, the. Soviet Union would have a new strategic weapon. Evidently, this thought also occurred to KGB Chief Yuri Andropov back in 1978 (according to a recent defector) -- and operational planning was ordered. Within a year, several ambitious proposals were submitted to the KGB Central Planning Committee, but all were eventually rejected. (Too' risky, at least for now, since Russia and South Africa have an unofficial marketing 'understanding.') But two years later, as Andropov was preparing to leave the KGB, and with Russia increasingly cash-starved, a modified operation was approved.,to?drastically increase the world price of palladium. And here is what happened (according to the KGB defector)... Running the operation under East German auspices, a team of three top agents were infiltrated into South Africa in September '82 -- led by the legendary Horst Kyritz. (An assassin well known to the CIA.) The 'mission: To hijack a shipment of palladium, and lose it. Anywhere...it didn't matter-just so long as it wouldn't be traded on the open market. And this was accomplished, with-the help of South African accomplices. A train, carrying a large shipment of palladium, was derailed on the way to Johannesburg. The armored *rail car containing the metal was blown open...four guards were , killed... and more than three tons of palladium 'disappeared.' The next day, it was announced that government security forces were searching for terrorists who had attacked a train north of Johannesburg. No mention was made of the palladium -- valued at $4 million. ? For various reasons, the South African Government and the mining company preferred to keep the matter a secret. .And it would have remained a secret.
KGB Chief Yuri Andropov below.
had it not been for a retired CIA agent working in South Africa as a security consultant Russian involvement.-..recognized the investment implications...and did two things: He contacted us, for the finder's fee. And he called his brother-in-law, a dentist, in Chicago. In.our case, we immediately passed on the news to our clients. While in Chicago, the dentist told some close friends. And suddenly, as you might imagine, there was action. Around the country, people were starting to buy long palladium contracts - often on margin, like the Chicago group. They were also picking up palladium/platinum mining stock and, we are told, a great deal of the actual metal. And it was. a bonanza!
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When the market learned that South African sales were being curtailed...and rumors began circulating (via the KGB) that Russia was going to hold back on her .sales...the price of palladium went berserk. In the three month period from October 4, 1982 to January 8, 1983, the price soared from $SS/oz to $137/oz. Nearly 150% profit in three months. Or, if you were buying on margin, a net profit of up to 800%. And that, we are told, is the real story of why palladium was the only strategic metal to show substantial price rise over the past two years -- and why it outperformed other precious metals by a margin of nearly four-to-one. Finally, we're happy to say that millions of.dollars were made by U.S. investors. The Chicago group, alone, netted over $1 million. And the ex-CIA agent? He did just fine clearing nearly $70,000. (So we were told )
Was this real event? I could find no records of train attack in south Africa in 1982 where for railways guards died. I could find no mention of this alleged Well Known alleged East German Assassin Horst Kyritz? Why did the CIA suppress the names of those alleged ex CIA operatives that made money on rising Palladium prices? If there was a real hijacking of 3 tons of Palladium? Where is it today?
Today's value at current prices 3 tons is worth around 97 million dollars
Crow
