Bill says supply-and-demand fundamentals mean nothing until the cartel runs out of the gold it needs to suppress the price. Here’s more…
Dear Friend of GATA and Gold:
Interviewed by GoldSeek Radio’s Chris Waltzek, GATA Chairman Bill Murphy says supply-and-demand fundamentals mean nothing in the gold market compared to the machinations of the gold cartel, but the gold price will fly when the cartel exhausts the metal it needs for price suppression.
Murphy adds that the seeming short supply of palladium may be foreshadowing what will happen in gold and silver.
The interview is 10 minutes long and begins at the 28-minute mark here (and embedded below):
Gold Anti-Trust Action Committee Inc.
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