You are here

Eric Sprott's best interview yet; fame for Bill Murphy will mark gold's top

Section: Daily Dispatches

8:17p ET Monday, December 23, 2013

Dear Friend of GATA and Gold:

Sprott Asset Management CEO Eric Sprott has given what may be his best interview yet -- to USAWatchdog's Greg Hunter -- and it may be his best because he admits being a little aggravated by the counterintuitive action in the markets lately, particularly, of course, in gold and silver, where prices have fallen despite exploding demand. This can have happened, Sprott says, only because of central bank intervention in the markets.

Sprott believes that Western central banks told the Indian government, "You've got to stop your people from buying gold, because there isn't any gold left." (Rather than recognize the potential for its country to gain wealth and power, the Indian government of course took orders as if it was still a colonial subject.)

Sprott says he thinks the key signal about the exhaustion of Western central bank gold reserves was the German Bundesbank's inability this year to repatriate more than 20 percent of its gold from the Federal Reserve Bank of New York in less than seven years.

... Dispatch continues below ...


Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

Another signal, Sprott says, has been the occasional suspension of coin sales by the U.S. Mint, indicating that metal hasn't been available.

The interview is 22 minutes long and can be watched at USAWatchdog here:

Meanwhile, interviewed by Al Korelin of the Korelin Economics Report, proprietor Bob Moriarty defends Sprott against an unflattering article published this month by The Wall Street Journal ( Moriarty says that the Journal's article will mark the bottom of the gold market and that the gold market's top will be signified when the cover of Time magazine features GATA Chairman Bill Murphy. True enough, maybe, but the mainstream financial news media are not likely to accept the fact of gold market manipulation any time soon, and that would give gold's bull market many more years to run. Besides, like Doctor Hook and the Medicine Show, Murphy and his GATA followers probably would settle for the cover of Rolling Stone:

Korelin's interview with Moriarty is eight minutes long and can be heard here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada

Mines and Money Hong Kong
Hong Kong Convention and Exhibition Centre
Monday-Friday, March 24-28, 2014
Hong Kong Special Administrative Region, China

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit:


How to profit with silver --
and which stocks to buy now

Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.

Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.

To learn about this report, please visit: