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GATA Co-Founders Bill Murphy & Chris Powell Talk Gold & Money

Lars Schall, Gold Switzerland, Released on 9/14/16

Bill Murphy and Chris Powell, co-founders of Gata, analyse risks of the monetary system and comment on changes to the London Gold fix procedures and participation, liquidity issues and the difficult relationship between paper (futures) and physical precious metals as well as mainstream media ignorance of the popular market intervention methods by Central banks.

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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