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?

Paul Tustain is the founder and chairman of BullionVault.

See the full archive of Paul Tustain articles.

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