30 April 2012 – GATA’s Bill Murphy is interviewed on Capital Account.
- Gold is unique as an asset class that is over 12 years on bull run.
- Gold Cartel consists of Bullion Banks(HSBC, JPMorgan), the Treasury FED, BIS.
- Cartel trying to slow down the asscent of gold (managed retreat).
- Gold will eventually have to trade freely.
- Gold is a barometer of financial health and this is the reason why its attacked.
- Evidence has been gathered of manipulation since 1999.
- The attacks are at certain times of day. (e.g. 3am New York time), attacks even when there is no news.
- Central Banks are loading up on gold on the dips because they know how the Gold Cartel works.
- Russia and China are very interested in how the Gold Cartel works and have approached GATA.