GoldSeek, Released on 1/31/22
Bill Murphy from www.GATA.org says the precious metals sector could experience a renaissance, as nervous equities investors search for a safe harbor amid tepid seas.
The duo ask, are our economic policymakers prepared for runaway prices?
Will they follow Volcker’s footsteps in the 1970’s vis-a-vie rate hikes to nearly 20%?
Is the domestic economy robust enough to sustain such drastic life-support measures?
Takeaway point – Bill Murphy insists that market manipulation makes gold and silver excellent value opportunities.
Bill Murphy is a 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. He also runs a paid subscription service called Le Metropole Cafe. 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.