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Bill Rice: I'm assuming manipulation is here to stay
12:35p ET Tuesday, September 10, 2013
Dear Friend of GATA and Gold:
The existential struggle between government currencies and free-trading monetary metals, a struggle requiring government to prevent free markets in the metals, is recognized in commentary this week by Bill Rice Jr., editor of the weekly newspaper in Montgomery, Alabama, the Montgomery Independent.
Rice writes: "The easiest way to preclude a massive loss of confidence in the U.S. dollar is to make sure that there is not a sudden and major macro-move to gold and silver as an alternative store of value. Thus a continuing and ongoing strategy of managing precious metal prices."
Rice thinks that the manipulation will fail eventually but leaves that subject for another day.
Of course previous government-sponsored suppressions of gold prices have ended simply when the metal necessary for price suppression ran out, as the metal ran out when the London Gold Pool collapsed:
http://en.wikipedia.org/wiki/London_Gold_Pool
Rice's commentary is headlined "I'm Assuming Manipulation Is Here to Stay" and it's posted at GoldSeek's companion site, SilverSeek, here:
http://www.silverseek.com/article/i%E2%80%99m-assuming-manipulation-here...
CHRIS POWELL, Secretary/Treasurer
Gold Antii-Trust Action Committee Inc.
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