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Continuing Kitco News’ coverage of the San Francisco Metals & Minerals Conference, Daniela Cambone speaks with Bill Murphy of GATA to talk about gold, silver and QE. “Tapering, while it may move the market short term, is actually negative for gold,” Murphy says. “That’s what the gold cartel has done to achieve its objectives; they have crashed gold and silver.” Murphy says that the physical markets will eventually overpower the “gold cartel’s” ability to depress prices and he says there may even be a “black swan” event where there will be a sudden rush into gold and silver again. “I’d certainly put a substantial amount of money in gold & silver,” he says. “I’d rather be safe than sorry and if you’ve got some patience, [these metals] are going to be absolute mega homeruns.” Tune in now to hear more from GATA’s Bill Murphy as he sports his new look! Kitco News, November 29, 2013.
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As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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