Från Bill Murphys senaste artikel: It Is Much Bigger Than You Think
My old colleague Frank Veneroso, who wrote the brilliant Gold Book in 1998, told Sprott’s John Embry and I many years ago that the gold price suppression scheme was ”much bigger than you think.” Frank found out the US Government was taping his phone calls and ever since has shut up about what GATA has to say. Frank was the one who exposed the gold leasing scheme, which is how The Gold Cartel did their thing so many years ago. It is how GATA knows the central banks have well less than half the gold they say they have in their vaults. Frank got his information from a Bank of England source who has since died.
Yes, it IS bigger than you think and when it all sees the light of day will lead to the biggest financial market scandal in US history. That will include market collapses, force majuere, a panic re unallocated gold accounts, a scandal over a real audit of US gold supply, one investigation after another of how this could have all happened, etc.
But, more importantly, for those who read this, it is also leading to an extraordinary investment opportunity … that being an explosion in the gold and silver markets. Because of The Gold Cartel, their prices have been forced down to artificially low levels. If the price of gold had just kept up with inflation, that price would be at least DOUBLE what it is today. The price of silver reached $50 thirty four years ago, and just about that a little over three years ago. It won’t be too long before that level is taken out with $100 an ounce as the next target.
Fortunes will be made by those onboard.