The Story That's GATA be Told
This article is the result of my April interview with Bill Murphy, co-founder of GATA (Gold Anti-Trust Action Committee).
Many thanks to Fools who issued questions for Mr. Murphy on my blog prior to the interview, which you will find answered in the piece.
I continue to encourage all Fools to explore the allegations of GATA and their body of supporting evidence regardless of whether invested in gold or not. This price suppression affects every single investor in the world, and it is a key aspect of due diligence to at least understand some of the specific reasons why GATA has come to the conclusions they have on the matter.
Murphy: "How has every scandal that has really been an important one broken? Revco, Enron, Madoff ... it has to blow up. And it's so sad. All the whistleblowers at Enron, and in the Madoff scandal, were ignored or ridiculed, like we've been ridiculed for the last 10 or 11 years. It's always the same, because we're taking on the rich and the powerful in America ... and they don't like it. Unfortunately, that's what it's going to take. It might be some kind of default on gold and silver delivery. It takes the markets to blow up, and then you have the big to-do about 'how could this have happened?' It makes me sick to my stomach."
Murphy: "Second of all, the American public is almost totally not involved in gold. There's very little interest yet. That's how much of a bull move we have left. If I can do nothing else, I hope your readers will go and get to some sharp gold bulls and find out which of these little gold stocks to buy. It hasn't even started. It's like in the Internet in the first year when it was founded. That's how much money is going to be made by those people who are willing to do their homework and look into this."
If you have any questions or comments, please don't hesitate to raise them here. As always, if you appreciate the content of the article, please rec it at the source. :)