Bill Murphy: Gold's Next Move Up Could be Explosive

TL;DR

Gold and silver markets are manipulated, with evidence of banks and institutions involved, causing artificially low prices, but experts believe that eventually, this scheme will have serious consequences.

Transcript

I'm Charlotte McLeod with the investing news network and here today with me is bill Murphy chairman and director of gana thank you for joining me today to be here Charlotte thank you yeah thank you so for those who aren't familiar with data can you start by telling me about what you do in your role there yeah oh god it was formed by myself and Chri... Read More

Key Insights

• 🏦 The gold and silver markets have been manipulated by various powerful entities, including bullion banks, central banks, and the Fed.
• 🏦 Lawsuits and admissions from banks provide evidence for the manipulation.
• 🤑 Investors' sentiments towards this issue vary, with some receptive and others hesitant to go against the rich and powerful.
• 😘 The artificially low prices of gold and silver hinder the true value of these assets and undermine potential gains for investors.
• 🏅 The manipulation not only affects gold and silver markets but also extends to the bond and stock markets.
• 🥺 The suppression scheme has caused gold and silver to underperform relative to other assets, leading to frustration among investors.
• 😃 Staying informed and understanding the big picture is crucial for investors, as it provides a reason to stay in the game until the manipulation ends.

Questions & Answers

Q: Why is the manipulation of the gold and silver markets a significant concern?

The manipulation leads to artificially low prices for gold and silver, even in the face of factors that should drive prices higher. This undermines the true value of these assets and restricts potential gains for investors.

Q: Are silver markets also manipulated like gold markets?

Yes, silver markets are also rigged, with the same entities involved. The open interest on the Comex, led by JPMorgan, and rising shorts indicate a firm grip on controlling the silver market and suppressing its true value.

Q: What is the reason for investors to continue investing in gold and silver despite manipulation?

The knowledge of the suppression scheme and artificially low prices is the reason to stay in the game. Eventually, this manipulation will come to an end, leading to a significant increase in prices, making it worthwhile for investors.

Q: How high can gold potentially go in the future?

If silver breaks $21, it could trigger a surge in its value, similar to what happened with Bitcoin. Additionally, gold could potentially take out its all-time high above $1920, leading to explosive and rapid price increases.

Summary & Key Takeaways

• GANA was formed in 1999 by Bill Murphy and Chris Powell to expose the manipulation of the gold market, which they discovered involved the bullion banks, the Fed, Treasury, and other central banks.

• They have uncovered evidence that reveals how rigged the gold and silver markets are, with lawsuits and banks admitting to manipulation.

• The general sentiment from investors is mixed, with some receptive to the information, while others are hesitant to go against the rich and powerful.