Bill Murphy Predicts Silver Price “Explosion” to $50+ per Oz
September 6th, 2012In the below video, Russia Today’s Lauren Lyster talks with Bill Murphy from the Gold Anti-Trust Action Committee about commodity market manipulation by central banks, shenanigans at JP Morgan, and a silver shortage that he feels will drive silver prices to around $50 or $60 an ounce by the end of 2012. Specifically, he feels that this explosion in price could happen soon — within a month or two.
In addition, Bill Murphy reveals a Wikileaks cable detailing press reports from China regarding commodity price manipulation by western central banks. From the cable, “The US and Europe have always suppressed the rising price of gold. They intend to weaken gold’s function as an international reserve currency. They don’t want to see other countries turning to gold reserves instead of the US Dollar and Euro. Therefore, suppressing the price of gold is very beneficial for the US in maintaining the US Dollar’s role as the international reserve currency.”
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