You are here
Government isn't competent enough to suppress gold price, Rick Rule tells Kitco
1:22a ET Wednesday, May 25, 2022
Dear Friend of GATA and Gold:
Investment analyst Rick Rule, interviewed yesterday at the Vancouver Resource Investment Conference by Kitco News editor Michelle Makori, acknowledged that the gold futures market is "ripe for manipulation" but dismissed complaints that government has undertaken any schemes to suppress the price of the monetary metal.
"The idea that there is some vast conspiracy between government and central banks and the Trilateral Commission to suppress the price of gold when history has depressed the price of gold seems silly to me," Rule said. "The government can't deliver the mail, they can't educate the kids, and they can preside over a 40-year manipulation of the gold price? I don't reckon."
... Dispatch continues below ...
... ADVERTISEMENT ...
Storage and Withdrawal of Gold
with Bullion Star in Singapore
Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.
Bullion Star's solution for storing bullion in Singapore is called My Vault Storage.
With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.
Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage online around the clock. Storage rates are competitive.
For more information, please visit Bullion Star here:
If Makori had wanted to attempt journalism at this point, she might have asked Rule about a few of the documents of longstanding government gold price suppression policy that are compiled by GATA here:
Instead Makori let Rule get away with his demagoguery about the Trilateral Commission, which as far as GATA can tell has never been mentioned in regard to complaints about gold price suppression, even as Rule failed to mention the Bank for International Settlements, the gold broker and gold market intervenor for major central banks.
Neither did Makori challenge Rule for his non-sequitur -- that since government is incompetent with certain things it must be incompetent with all things. That also is demagoguery, which Rule may have picked up years ago from market analyst Doug Casey, someone else who denies government gold price suppression policy but has never taken a moment to examine and address the documents or to put a critical question to governments and central banks.
Yes, the U.S. government has had trouble getting the U.S. Postal Service to be self-supporting, and yes, U.S. education long has been in decline. But government almost everywhere long has been extremely proficient at extracting wealth from the people over whom it rules and restricting their freedom. Government also can be pretty good at blowing things up, which Rule might begin to appreciate if he ever finds himself at the wrong end of a Stinger or Javelin missile.
Makori did note to Rule her interview three weeks ago with mining and entertainment entrepreneur Frank Giustra, who said he suspects that gold prices are manipulated by the Federal Reserve, to which Rule replied that he would be willing to debate Giustra on the issue.
In preparation for such a debate GATA would be happy to brief Giustra on the documents, and happier still to debate Rule directly.
If Makori ever wants to attempt journalism, GATA would be glad to brief her on the documents and help her frame some pointed questions for the Fed, Treasury Department, BIS. Bank of England, Commodity Futures Trading Commission, futures exchange operator CME Group, and a few bullion banks.
Of course that might be the last journalism Makori would ever attempt for Kitco News, but actual journalism often involves risk.
Makori's interview with Rule is 29 minutes long with the conversation about gold beginning at the 18:27 mark. It can be found here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 12-15, 2022
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
https://neworleansconference.com/
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: bagman1236@aol.com
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
