Darryl and Brian Panes of As Good As Gold Australia interviewed GATA Chairman Bill Murphy the other day, discussing the prospects for the monetary metals as the longstanding price suppression by central banks and their agents is showing signs of stress.
The Paneses note that gold is already at a record high in Australian dollars, and Murphy thinks that the monetary metal will reach a record high in U.S. dollars before too long. But whether retail investors in the United States will realize any profits from the move is questionable, Murphy says, since U.S. coin shops report that customers are mainly selling, not buying.
Also discussed is whether the gold-silver ratio will ever return to normal levels. Murphy thinks it will, with a silver price surpassing $50 per ounce.
Unlimited naked shorting in the gold and silver futures markets is also covered, with Murphy asserting that it is permitted because the U.S. government is behind it.
The interview is 33 minutes long and can be viewed at You Tube here:
https://www.youtube.com/watch?v=NyilkMtS-y0
