News

Bill Murphy: Don’t Give Up – Gold Is Headed For A BIG MOVE HIGHER (14/11/2018)

Logo - Sprott Money News From the Archives

Nov 14, 2018

Bill Murphy of the Gold Anti-Trust Action Committee (GATA) interviewed by Investing News

Bill Murphy, chairman of the Gold Anti-trust Action Committee (GATA), believes an explosive move in gold and silver prices is in the cards — but not before manipulation comes to an end.

“This past year and years have been so frustrating because other assets have soared … the stock market, the cryptocurrencies, art, real estate. And gold and silver have just been in the weeds,” he said on the sidelines of the recent New Orleans Investment Conference.

“From our standpoint … it’s all because of the gold cartel,” Murphy continued. “The government’s going to use all this quantitative easing, they’re going to budget deficits, debt’s going to go like crazy, interest rates are going to go to zero — and gold and silver will go back to where they are now?”

When asked what investors should do in the face of these circumstances, Murphy encouraged them not to give up. “I write a commentary every day, and go out and try to keep people in the game,” he said. “It’s no fun writing about what the gold cartel is doing to keep the prices in the dumpster. A lot of people have left and they’ve given up, it’s just human nature.”

However, he emphasized, “this has created a big-picture sentiment that’s going to lead to one of the big moves of all time.” And, Murphy added, “when it goes this time I don’t think we’re going to have the gradual moves like we saw at the early part of the decade — it’s going to be explosive.”

Listen to the interview above for insight from Murphy on gold market manipulation. You can also click here to see the full New Orleans Investment Conference playlist on YouTube.

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Product Upselling Spotlight

Don’t miss a golden opportunity.

Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.

About Sprott Money

Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.

Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

Learn More
about-sprott-skyline
no_comments

Looks like there are no comments yet.