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Bill Murphy: Gold’s getting ready to run again

Chris Waltzek, Goldseek Radio, Released on 9/7/16

Interview Highlights:

  • Bill Murphy of GATA.org returns to the show with insights on the PMs sector.
  • The gold cartel continues to be the key shadowy force behind downward price movements in the PMs sector.
  • Physical supply constraints are hindering their efforts, as evidenced by the sharp recovery in price in recent weeks.
  • The dialogue includes news from Sydney Australia via GATA.org, that gold miner, Resolute is offering shareholders the option to receive gold bullion dividends.
  • The shares skyrocketed several fold in recent months since the announcement.
  • Recent commentary from Dr. Stephen Leeb implies that China’s banks are accumulating large inventories of gold, to satisfy new IMF regulations.
  • Our guest thinks gold represents the de facto investment opportunity.

Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy’s essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. government to investigate market manipulation in the gold market. Earlier disregarded as a conspiracy theorist, his arguments were strengthened by a London precious metals trader who became a whistleblower and an American commodities trader, who inadvertently revealed that gold was leveraged 100 times physical.

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