"If the price was not being manipulated and held artificially
low, the current price of gold would be $550 to $650 per ounce.
When this whole thing is exposed and begins unwinding, there will
be desperate scrambling to cover the amount of gold needed to supply
the real demand. The price of gold will skyrocket."
- Bill Murphy
Joe Battaglia held this important interview with Bill Murphy, Chairman
of the Gold Anti-Trust Action Committee (GATA).
Bill Murphy's research and investigation into the conspiracies
between central banks and the big Wall Street bullion brokerages
have resulted in some astounding and disturbing findings. The problem,
he asserts, is that through the use of gold derivatives, these institutions
have conspired to keep the price of gold low, regardless of the
high demand and low available supply. Without these illegal conspiracies
the price of gold would be 2 to 3 times higher.
Mr. Murphy says that if the price of gold were free to seek its
own level, current prices would be between $550 and $650 per ounce.
To learn more about the GATA and the belief that the price of gold
is being artificially depressed, listen to this interview. It has
been broken into two parts for your convenience. Learn about the
gold derivative banking crisis and why this crisis is being hidden
from the public.
PART
I
PART II
Bill Murphy grew up in Glen Ridge, N.J. In his senior
year at Cornell University he broke all the Ivy League single-year
pass receiving records and upon graduation became a starting wide
receiver for the Boston Patriots of the American Football League.
After a successful career in football, he went to
work on Wall Street with brokerage firms including Merrill Lynch,
Shearson Hayden Stone, and Drexel Burnam, becoming a specialist
in commodity futures. He became affiliated with introducing brokers
and eventually started his own brokerage on New York's Fifth Avenue.
In addition, he established a popular Internet site for financial
commentary.
Mr. Murphy has been interviewed on CNBC-TV and has
been quoted in national and international financial journals, including
two recent feature articles in Germany's leading financial newspaper,
Frankfurt Allegemeine Zeitung (August 30, 2000).
