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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (26569)	1/20/1999 9:31:00 PM
From: long-gone	Respond to of 116764

<<Seems to me, (you name the commodity) backwardation doesn't very long anymore...since the soybean days of 20 years ago, in point of fact. Sad that free market proponents can't resist tweaking (meddling!!!) eh?>> Well, looks they will have to learn the lesson of history just the way every market manipulator through-out all time has had to learn it. THE HARD WAY! Nixon learned - No one can Fix prices of anything - much less everything. During WWII there was widespread cheating on rationing, price, and wage controls; to do everything from get a flat fixed to a raise to prevent a lead man from changing jobs - and this was at a high period in the history of patriotism in the US. The attempted fixing of grain prices are even listed as the number 1 cause of the fall of The Roman Empire. Hitler failed when he forgot that scarcity and skill must be rewarded. These are the same things that made communism fail, and now the "champions of free enterprise" must be reminded of the basics. It turns my stomach.