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Silver Is Kryptonite to Gold Cartel Bankers – Bill Murphy & Greg Hunter Video

Sunday, August 14, 2016 12:55

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(Before It's News)

By Greg Hunter’s USAWatchdog.com

Chairman of GATA (Gold Anti-Trust Action Committee) Bill Murphy thinks financial markets are way more vulnerable than they appear. Murphy explains, “There are negative interest rates and low interest rates that just keep staying down there, and supposedly things are really good. Look at our Dow at all-time highs, and yet something is really wrong. Of course, this fits into the GATA premise on this whole thing. There’s a lot of quantitative easing (money printing) and propping up of the markets, and it’s on very shaky ground. The plug could be pulled at any time. . . . With interest rates where they are and debt growing all over the place, the reasons to be in gold are off the charts.”

Murphy says “silver is Kryptonite to central bankers” because there is little supply to use in the cartel’s suppression game. Murphy says, “You mention the word Kryptonite and the key is what silver is doing. It is an extraordinary situation right now. . . . It seems to me that, this year, silver is in play . . . . That is this big money talking on the JPMorgan crowd and their game. They are gradually moving in for what I think is going to be one of the biggest market moves in history, and that is silver going to $50 (per ounce) and then a $100 (per ounce). Basically, it’s because supply is drying up. . . . Where is all this supply coming from that this JPMorgan crowd has been feeding the market with, and I think they are hitting the wall with it. I think this big money knows what’s going on, and they are quietly moving in. That’s the reason silver has been trading like it has. $18.50 was a key number. That was the completion of a big base. . . . The next big key is to take out $20.50, but the real number is $21. If it gets above $21, it’s going to start trading chaotically with volatile action on the upside. The market move is going to be historic.”

Murphy has long charged there was suppression of gold and silver prices and has been proven 100% correct. He now charges, “The real key for this gold cartel, as we call it, is the suppression of the gold price. They realized a long time ago they couldn’t have a dichotomy between the silver and gold. So, they got involved in the silver market (to suppress the price) to make gold look like it should be doing what it is. The problem is they are running out of physical silver to keep the price down. . . . Eventually, you are going to get a commercial signal failure in silver, which means these so-called commercials, which is a misnomer because they are not commercials, they’re gold cartel trying to keep the silver price down. They know when they lose control of silver, and it gets to $21 (per ounce), it will be the end of their gold suppression scheme. . . . It will be a gradual process because the price of silver is going to go bonkers. It will show what they have been doing all these years. I think they are finally reaching a tipping point. . . . The death knell to the gold cartel is the lack of supply of silver to keep the price down. . . . I think you are going to see the double top of $50 be taken out and go to at least $100 per ounce and maybe a lot more. I think it’s going to move up faster than anybody can imagine. . . . Gold is going to move to some big number also. . . .If gold kept pace with inflation, it would be double what it is today.”

Join Greg Hunter as he goes One-on-One with Bill Murphy, Chairman and co-founder of GATA.

(There is much more in the video interview.)