"If the price was not being manipulated and held artificially low, the current price of gold would be $550 to $650 per ounce. When this whole thing is exposed and begins unwinding, there will be desperate scrambling to cover the amount of gold needed to supply the real demand. The price of gold will skyrocket."
- Bill Murphy

Joe Battaglia held this important interview with Bill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA).

Bill Murphy's research and investigation into the conspiracies between central banks and the big Wall Street bullion brokerages have resulted in some astounding and disturbing findings. The problem, he asserts, is that through the use of gold derivatives, these institutions have conspired to keep the price of gold low, regardless of the high demand and low available supply. Without these illegal conspiracies the price of gold would be 2 to 3 times higher.

Mr. Murphy says that if the price of gold were free to seek its own level, current prices would be between $550 and $650 per ounce.

To learn more about the GATA and the belief that the price of gold is being artificially depressed, listen to this interview. It has been broken into two parts for your convenience. Learn about the gold derivative banking crisis and why this crisis is being hidden from the public.

PART I
PART II

Bill Murphy grew up in Glen Ridge, N.J. In his senior year at Cornell University he broke all the Ivy League single-year pass receiving records and upon graduation became a starting wide receiver for the Boston Patriots of the American Football League.

After a successful career in football, he went to work on Wall Street with brokerage firms including Merrill Lynch, Shearson Hayden Stone, and Drexel Burnam, becoming a specialist in commodity futures. He became affiliated with introducing brokers and eventually started his own brokerage on New York's Fifth Avenue. In addition, he established a popular Internet site for financial commentary.

Mr. Murphy has been interviewed on CNBC-TV and has been quoted in national and international financial journals, including two recent feature articles in Germany's leading financial newspaper, Frankfurt Allegemeine Zeitung (August 30, 2000).