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GoldSeek Radio Nugget -- Bill Murphy: Bill Murphy: Sleeping-behemoths will increase metals exposure from 0%
2 years ago
7.24K
From GATA.org, Bill Murphy outlines his battle plan for the precious metals market.
⦁ The metals have held their ground relative to stocks and bonds.
⦁ The dash to US dollars continues to erode the confidence in the Euro currency, putting downward pressure on the gold price (As anticipated by Goldseek.com Founder Peter Spina's months earlier this year).
⦁ Eventually, the "sleeping-behemoths," i.e., financial institutions, such as pension funds, insurance funds and money managers will increase precious metals exposure from 0% to more traditional levels, 10%-20%.
⦁ The resulting impact of unmet demand will catapult the bull market to atmospheric levels.
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