GoldSeek, Released on 1/10/23
- Bill Murphy of GATA.org rejoins the show with big news for silver investors.
- Our guest agrees with David Morgan, once silver crosses $30, the next stop could be $50+
- Now that the world’s most successful engineer / entrepreneur, Elon Musk has identified silver as a worthy candidate – a Bitcoin-like moment may come next!
- On the cusp of imminent global conflict – silver is an essential commodity that will only be available regionally, as nations and individuals alike hunker-down.
- The $3 billion strategic silver stockpile is mostly gone – meanwhile Moscow is accumulating 70 lbs. silver bars by the ton.
- The moment when investors lose faith in the related ETFs, questioning the veracity of holdings and the counterparty risks, such as rehypothecation could be the catalyst sets off a domino effect, sending silver into the ionosphere.
- The rare-coin market continues to outperform bullion – possibly due to market manipulation.
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.