Gold News

Who Gets My Apple?

Burn the speculators and starve the people...



SENATOR Joseph Lieberman – bless him – is busily proposing legislation to restrict speculative purchasing of vital commodities.



   Senator, the Russians tried suppressing commodity prices so that the people could buy essentials for less.



   They passed laws to hold down the prices of grain, but the shops quickly ran out of bread, and queues stretched round the block.



   It's hard to find words simple enough to explain this to someone who is still too dumb to understand. But we persevere...



   Senator, imagine I have an apple. You want to give me $1 for my apple, and Mr Ling from China (that's a foreign country) wants to give me $2.



   Now, let's pretend that I am not an American, so you can't kick my ass with any fancy new laws.



   With it so far? Now ask yourself this tricky question:



   Who gets my apple?

The late Paul Tustain was founder and chairman of BullionVault. A specialist in financial settlement software systems, he was first spurred to investigate the gold market by the UK selling half its reserves at rock-bottom prices in 1999-2002. Paul built the service to meet his own aims as a private investor wanting to own and trade physical bullion easily, securely and at low cost. 

See the full archive of Paul Tustain articles.

 

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

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