GSR interviews BILL MURPHY - March 22, 2018 Nugget
Highlights
Bill Murphy of GATA.org returns with his perspective on the PMs sector.
Savvy central banks around the globe recognize the strategic significance of bullion as sound money as seen by the continuing trend of PMs accumulation.
Russia recently added several tons of 70 lbs. silver bars to the national stockpile.
The silver bullion market is vulnerable to a short-squeeze, merely one billionaire could corner the silver market - according to Forbes, there are currently,425 billionaires, worldwide.
As demand for high capacity battery power increases, due in part to electric cars / trucks, etc., silver demand will likely soar beyond current forecasts.
While investors focus on Bitcoin / Altcoins, few realize that without significant silver based electronics, many electronic activities and devices would be impossible.
Current official figures indicate that there is considerably more gold in above ground reserves than silver.
Silver investment supply is more rare than gold on a purely investment basis, despite the fact that gold is 80 times more costly!
37 US states have passed legislation to restore gold / silver to the that status outlined by the national founders, as Constitutional money, including the latest, Wyoming and Alabama.
The trend in gold repatriation continues unabated - Hungary is the latest nation to demand the return of its sovereign gold stockpile.
Hungarian officials are following the precedent of Austria, Netherlands, Germany, and Venezuela, perhaps on fears of rehypothecation exposure.
Max and Stacy visit scenic Puerto Rico, attending 3 crypto conferences (figure 1.1.).
Figure 1.1. Max and Stacy Love "Crypto-Rico"