Bill Murphy Chairman of GATA and Editor of Le Metropole Cafe joins Open Currency Update with Kurt Wallace for ‘Silver is Going to Go Berserk’. Bill talks about the Comex scandal and the media including the great myths surrounding Gold and Silver markets. He also discusses his thoughts on the divergence of the paper silver and physical silver markets, and the Gold & silver market ratio. And the horse race between fiat currency and crypto currency and gold pricing, what long term effects will that have on the price of gold.
Bill Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.