This is the Rally You Do Not Sell – Bill Holter
By Greg Hunter’s USAWatchdog.com
Financial writer and precious metals expert Bill Holter (aka Mr. Gold) says even though silver did not have a physical delivery failure (yet), nothing has changed for the better. Derivatives are still counted in the quadrillions, and debt is still enormous and unpayable for just about every country on Earth. Mr. Gold says, “I can’t tell you from day to day what is going to come. All I can do is tell you what the end game is going to be. The endgame is gold and silver can’t bankrupt in a world that is in the process of bankrupting. Gold and silver are God’s money. They are physical assets. Fiat currencies are debt outstanding, and those are manmade and they will collapse under their own weight.”
Gold and silver had a rough couple of months. Silver was about cut in half, down from about $120 per ounce, and gold touched the 200-day moving average to about $4,000 an ounce, down from more than $5,500 an ounce. Mr. Gold called the bottom in both metals about 10 days ago. Now, both are rising again in price. Should people be afraid about buying gold and silver? Holter says, “No, I don’t think you should be afraid of gold and silver at all. They are your only exit out of the system. It’s your way to get your capital out of the system. As I said, the bottoms are in and, on this move, I can see gold running back to the old highs and silver going back to the old highs. Michael Oliver was Jim Sinclair’s go-to guy for technical analysis of gold and silver. Michael Oliver came out a week ago and said silver could be $300 per ounce to $500 per ounce by the end of the year. That is one hell of a call, but I could certainly see it happening.”
So, what happens if we have peace with Iran or it goes totally off the rails? Mr. Gold says, “I am going to give you an answer that is going to be a surprise to you. It does not matter. You have to look at the endgame. . .. This is the rally you do not sell, and the reason you do not sell is you might not be able to get back in. You have to look at the ultimate end of this game, and the ultimate end of this game is a complete and total collapse. What you want in a collapse of fiat currency is money that cannot bankrupt. By definition, that’s gold and silver. When you are in a situation where debt is imploding and defaulting, you want to own what cannot default. In the end, it will be a game of global default. Call it a game of musical chairs. You want to sitting in your chair holding your gold and holding your silver when everything else falls around you.”
There is much more in the 35-minute interview.
Join Greg Hunter of USAWatchdog as he goes one-on-one with financial writer and precious metals expert Bill Holter/Mr. Gold as the endgame is locked in when the financial system begins a massive global default for 4.8.26.
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After the Interview:
Bill Holter’s website BillHolter.com keeps growing. There are lots of new free articles.
If you need to contact Bill Holter/Mr. Gold, his email is [email protected]
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About the Author
Greg Hunter
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.
Great content tonight between Bill and Greg. Bill is in my top 3 of guys I listen to and act on. No nonsense straight talk with years of experience!
Thanks David! Get ready and stay ready.
Greg
Thanks Greg. Im glad i was able to catch an interview fresh on the net. Somehow its more comforting to see Bill in a happy shirt. One thing i keep puzzling over and i think it could touch so many other stories. Both Iran and Israel got the death jabs and i can’t understand how that is. In a similar question, i never understood the meeting between Trump and Putin in Alaska. It sounds crazy to say, but i can’t help think that Trump told Putin what the new script was going to be- he keeps saying “Central Casting” after all. What does that mean? Let me give a purely speculative possibility for what im asking; if we are looking at civilization level shortages in many different resources (including silver and copper) and its compounded by dislocations by different state actors around the world- Is the game table is being kicked over via the Middle East? It’s fair to say most of us figured on hyperinflation, but mass depression and famine look to be in the queue at the moment. Personally, id like to get more PMs, but i keep looking at how to get better soil, more compost, better animal husbandry and so on. Meat might be one of the most valuable things. Instead of Precious Metals, PM could turn out to be Precious Meats. One thing to add for everyone’s benefit; i remember reading a story of the virtue of a remote (and hidden) food storage for bad times- could be an easy prep idea.
7 years from grain changing to corn (KJ) is coming up. If that was the intent of the Father’s riddle, this is our last year to prepare.
Greg, what happens when we can no longer use money as an exchange? Perhaps I’ve missed something. I have not been following this subject closely. It makes me feel uncomfortable. Just keeping up with the war, and the Trump haters is about all I can handle. Living in California has convinced me that the Democrats will try to destroy America if they get back in power in November. If they can bring down California, they can destroy the rest of America. It breaks my heart to see what has happened to
our once beautiful, prosperous state with excellent schools? Why would anyone want this mess, unless they hate America? Linda
Linda,
Thanks for the street reporting.
Greg