Bill Murphy on Gold Silver price manipulation

Bill Murphy - Goldseek Radio May 18, 2011

Goldseek Radio Special Guest Interview: Bill Murphy on gold price manipulation and his economic and precious metals outlook (lemetropolecafe.com)
(Chairman of GATA – The Gold Anti-Trust Action Committee)
Bill Murphy is a well-known financial commentator and is the Chairman
of the Gold Anti-Trust Action Committee (GATA.org).
Gold and Silver are so undervalued says Bill Murphy this is the greatest investment opportunity in History ....



Bill Murphy : "The Gold Anti-Trust Action Committee (GATA) was formed in January
1999 to expose and oppose the manipulation and suppression of the
price of gold. What we have learned over the past 11 years is of great
importance in regard to this hearing on position limits in the
precious metals futures markets. Our efforts to expose manipulation in
the gold market parallel those of Harry Markopolos to expose the
Madoff Ponzi scheme to the Securities and Exchange Commission.

"Initially we thought that the manipulation of the gold market was
undertaken as a coordinated profit scheme by certain bullion banks,
like JPMorgan, Chase Bank, and Goldman Sachs, and that it violated
federal and state anti-trust laws. But we soon discerned that the
bullion banks were working closely with the U.S. Treasury Department
and Federal Reserve in a gold cartel, part of a broad scheme of
manipulation of the currency, precious metals, and bond markets."

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