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GoldSeek Radio Nugget: Bill Murphy -- Domestic inflation, 1970’s like opportunity in the PM's sector

Bill Murphy of returns from Dallas Texas with comments on domestic inflation.

Economic headlines note, 20-year high in price levels, a potential harbinger of 1970’s like opportunity in the precious metals sector.

According to the St. Louis Fed, their balance sheet doubled since the micro-recession of 2020, approaching 8 trillion dollars.

Officials include the S&P price index to illustrate the effects of their machinations on the financial sector. Since beginning the financial chicanery, the Fed profligacy resulted in a 4x advance in US equities since the Great Recession.

Once the financial injection works through the economic patient, the duo expect gold to follow a similar trajectory but with substantially greater gusto.

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image-20210814133542-1Bill 'Midas' Murphy monitors Precious Metals markets and has been bringing daily analysis and commentary to our subscribers here at LeMetropole Cafe for over 20 years.

Upon graduating Cornell University in 1969 Bill became a starting wide receiver for the Boston Patriots. After leaving football he went on to a career in the futures industry as a commodities broker. Early on he worked for Shearson Hayden Stone and Drexel Burnham before starting up his own introducing brokerage on 5th Avenue in New York. His past experience in the futures arena, and valuable market connections, led to his understanding of the gold/silver price suppression scheme, and what it would mean for future prices.

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