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“Gold & Silver are the Cheapest Assets in the World” | Bill Murphy

Silver Doctors, Released on 12/1/17

With Bitcoin soaring above $10,000, the stock market making new highs, and gold and silver crashing, Bill Murphy comes on SD Metals & Markets to discuss this unprecedented week in the markets. Murphy stresses precious metals have become extremely undervalued. Gold and silver are the cheapest they’ve ever been relative to other assets, he says. Today, Bitcoin is $10,000. But tomorrow, that could be gold’s price. SDBullion’s James Anderson say Bitcoin’s spectacular rise makes $10,000 gold more believable. Murphy discusses Bank for International Settlements data that shows further evidence of gold price rigging. In the short run, both Murphy and Anderson see the gold market is looking stronger than silver.

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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