Bill Murphy, co-founder of the Gold Anti-Trust Action Committee (GATA.org) returns to Liberty & Finance / Reluctant Preppers to declare that in his analysis THE END GAME IS HERE, spelling the bust of the gold cartel and the resurgence of precious metals as the true sound money safe haven in the face of the biggest debt bubble of all time.
With major markets toppling into correction, and gold breaking out to fresh highs, will the prediction from Jim Sinclair and Bill Holter play out, that requires gol. to reach $87,000 per ounce in order for US claimed gold holdings to cover even the officially acknowledged US Federal Debt?
Bill Murphy is a former American professional football player, financial commentator, and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. Murphy believes the price of gold is artificially low and has spent years lobbying the U.S. government to investigate market manipulation in the gold market. Earlier disregarded as a conspiracy theorist, his arguments were strengthened by a London precious metals trader who became a whistleblower and an American commodities trader, who inadvertently revealed that gold was leveraged 100 times physical.