Our guest on SBTV this week is Bill Murphy, the Chairman and Director of the Gold Anti-Trust Action Committee (GATA). Bill is a veteran in the gold and silver industry known for his dogged efforts in calling out market manipulation in the precious metals markets by bullion banks and the government.
Discussed in this interview:03:45 Gold and collapse of Long-Term Capital Management08:52 Culprits in gold and silver price suppression10:18 Explaining price suppression in a gold & silver bull market14:31 CFTC investigation into price suppression in precious metals18:37 Involvement of the US government in market manipulation22:25 Warren Buffett's silver trade24:14 Why buy gold and silver if it is manipulated?28:22 What keeps Bill Murphy going?
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.