-- Published: Friday, 18 November 2016 | Print | Disqus
Highlights
Bill Murphy of GATA.org rejoins the show with comments on the global currency issues.
The Indian rupee is the next domino to drop as 86% of its paper money was withdrawn from circulation resulting in widespread economic chaos.
Minister Narendra Modi enforced an anti-graft measure to ban high-value currency in Asia's third-largest economy.
90% of daily transactions involve paper currency, compared to merely 30% in the US.
The once vibrant economy has ground to a halt, as truck drivers abandon vehicles en route, and ATMs are reportedly empty amid a currency shortage.
The long-term implications for the gold / silver market may be profound, vindicating the national passion for sound money.
Small denominated silver coins could fill the currency vacuum, as the typical citizen could be less inclined to trust paper currency for years to come.
China's retail investors will soon have unfettered access to North American gold / silver mining shares.
Our guest outlines how their knowledge about market manipulation and artificially sniffled price could put a price floor under the sector.
Bill Murphy insists that the PMs sector reaction following the election outcome was classic PSYOP disinformation and a market-manipulation scandal.
The PMs market could represent one of the best buying opportunities in years. Open interest in the PMs contracts has collapsed, presenting an intriguing contrarian opportunity.
Bill Murphy of GATA.org rejoins the show with comments on the global currency issues. On the heels of the Venezuelan currency collapse, the Indian rupee is the next domino to drop as 86% of its paper money was withdrawn from circulation resulting in widespread economic chaos. Minister Narendra Modi enforced an anti-graft measure to ban high-value currency in Asia's third-largest economy, where 90% of daily transactions involve paper currency, compared to merely 30% in the US. The net impact: the vibrant economy has ground to a halt, as truck drivers abandon vehicles en route, and ATMs are reportedly empty amid a currency shortage. The long-term implications for the gold / silver market may be profound, vindicating the national passion for sound money. Small denominated silver coins could fill the currency vacuum, as the typical citizen could be less inclined to trust paper currency for years to come. In addition, China's retail investors will soon have unfettered access to North American gold / silver mining shares - our guest outlines how their knowledge about market manipulation and artificially sniffled price could lead to increased demand, putting a price floor under the sector. Bill Murphy insists that the PMs sector reaction following the election outcome was classic PSYOP disinformation and a market-manipulation scandal of the highest order. As a result, the PMs market could represent one of the best buying opportunities in years. Moreover, open interest in the PMs contracts has collapsed, presenting an intriguing contrarian opportunity.
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