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Bill Murphy is a founding member of GATA along with Chris Powell. GATA Started in 1999 to expose, oppose and litigate against collusion to control the price and supply of gold and related financial instruments. GATA arose from essays by Mr. Murphy, an online financial commentator at LeMetropoleCafe.com, and by Mr. Powell, a newspaper editor in Connecticut.
Bill Murphy has been predicting $3,000 to $5,000 per ounce gold price since GATA’s historic Gold Rush 21 Conference in the Yukon’s Dawson City in August of 2005 when gold was $436 per ounce. This gold price prediction was further brought to the public’s attention on January 31, 2008 in GATA’s full page $264,000 color ad in The Wall Street Journal.