A2A with Bill Holter


Just a great call earlier today illustrating why we host these webinars in the first place. Bill spent nearly an hour answering a wide array of questions from a large group of listeners. Great stuff and you should definitely take the time to listen yourself.

Over the course of the call, Bill addresses topics such as:

  • The Greek situation
  • The OCC report last week showing the exponential increase in commodity derivatives
  • Yesterday's internet and system "glitches"
  • How to protect yourself against confiscation and/or confiscatory taxes
  • And much, much more

Again, this is a lenghthy call so break it up into separate sittings if you need to. Just be sure to take the time to give this a thorough listen. You won't be disappointed.



Jul 9, 2015 - 4:36pm

Thanks for the notes, SS121

I'm sitting in this boring deposition, and I cannot listen to the podcast yet. But, from your notes, I have a good idea what it's about, and now I am very excited to get to listen to it tonight.

Thanks for taking the time to make the notes, I really appreciate it.

Jul 9, 2015 - 4:17pm

If this really happens then..

..I'm sure Silver will drop hard on the news.

7h7 hours ago

Ack! SGFs show '(india?) 2 reveal (new) health tech' that 'turns silver' into 'mass hygiene' & 'individual recovery (cancer?)'! 2017

Jul 9, 2015 - 3:24pm

Obummer says training isil forces


well, I remember biden being there and saying they were moderates.

we live in a strange world

Jul 9, 2015 - 3:07pm


I got from the pool in time to listen and ask questions.

And all for ten bucks a month.

Jul 9, 2015 - 2:56pm

unedited a2a notes

bill holter a2a
beep beep
the webinar will begin shortly please remain on the line
1103 start
tf- intro, bill's online sound test
bh- good morning, both loud and clear
tf- previous rob kirby a2a didn't record, hope this one works
tf- ready to record??
bh- fire away
tf- admin: how to type in questions etc, here we go.. record
tf- greece, china meltdown, selling illegal, corruption, madness in summer of 15. bh is with us. bh is with jsmineset now, how did that happen??
bh- jsmineset.com has been around nearly 15 years or so, js and i go back and forth, js is focused on mine in tanzania, conferences coming up, might make it a pay site. plans are up in the air, talk to js a few times a day, he's brilliant guy.
tf- jsmineset first site i found in 2007/8. started blog in 2010, emailed jim, he said will love/hate it. questions are building, but first, crazy world stuff aside, first talk about retail shortages and paper price stuff ??
bh- overview, paper price hit new lows, mint suspended sales same day until aug. can't get silver, can't crank out coins... either situation doesn't fit a low and crashing price. maybe the floor wasn't broken, back when it went from 23 to 8 it still cost 15 and now premiums are up. from a phyzz standpoint there at a floor.
tf- if phyzz isn't delivered, it loses credibility.
bh- dealer called yesterday and said "i'm out of all product" said 2 weeks to resupply. comex is not the price of silver, what it costs to get in your hands is the price of silver. mint marks up, dealers mark up. to get it in your hand is the real price
tf- delivery patterns showing demand, 30 million jumped que for delivery
tf- jumping around, the chinese outlawed selling stocks, crazy... your thoughts on the overall change?
bh- just a non-news day today would have caused a major crash 30 years ago
tf- how did this happen? how we get out?
bh- corruption... complete collapse
tf- time for questions..
?scott: where else beside pms will money flow?
bh- maybe basic products, food utilities etc. necessaties, but first and foremost Silver and Gold
tf- irrigated farmland is going for 10k usd per acre!
bh- processing capacity would be more likely to profit, high land makes it impossible to profit
?: re: greece- danforth: what are your thoughts on next week if greece is out... this time.
bh- what they should do, imo. greece should go full iceland. default, drachma, exit, and trade east. west/eurozone is broke. iceland did it and it worked fine. eu is like anvil around neck, walk away. ambrost evans said they expected a yes vote, but greek stood up and voted no. it was an overwhelming no. any deals now will lead to riots
tf- can kicking losing effect
bh- when is this called a default?? it's already a default.
fred: if defualt never declared, will rates be forced up?
bh- being without insurance will create margin calls. can't price cds at a level that will offest bonds. it will all be known as worth zero, since it can't be paid. notional value of everything on earth doesn't equal derivatives amount.
bh- everything will default. everything paper will default, it's all a paper ponzi based on debt. sovereigns have hit ceiling. must have new investors. now that it can't expand there are no more new investors and it's now over.
tf- assets are liabilities and debt// commodities derivatives exp?
bh- jpm 3.5 trillion in gold is 35 years of production
tf- what does that mean? it's outragous, what is behind scenes??
bh- long? short? counterparties? no way of knowing,
bh- it's likely being done to collar silver and gold prices..
tf- here goes the questions---
patricia- windfall profit tax on gold??
bh- possible, if it occurs look at mining companies. ...if worried, spread cash around
vic- ever have bad days??
bh- everyone does, you just have to go back. 2 plus 2 will always equal 4. i started in metals in 97. harry bingham was mentor, we both thought gold was manipulated. what is more valuable... paper cash or gold? Gold is scarce, fall back on logic and trust it.
larry- short term price thoughts. any chance of much lower prices?
bh- doesn't matter, don't care, if you know the ending take advantage of mispriced assets
steven- thoughts on electronic glitches??
bh- yes, writing article on it now. spoke with js about it. 3 scenarios 1 not connected glitches, no 2- china retaliation for markets toppled? possibility. 3- per js, ppt are world-wide. they opened down and couldn't hold it so they pulled the plug. maybe. i think it's part 2 and part 3. we're in a war and somebody pulled the plug. ppt are in all nations, once they spill over the ppt start fighting each other. that's my thought process
rod- vaulting in singapore?
bh- js favors it, i think it's ok to store in non-bank vaults in switzerland. also in montreal etc... must be non-bank tho
mike- new to gold and silver, wants to learn options?
bh- don't do it. it's paper. force majeur at a paper price kills you. stay out. buy phyzz and get it in hands. look at miners, get certs.
phil- foa and fofoa, freegold?
bh- no idea, they have a good thought process, but the 1% of it goes religion
tf- freegold hates silver
bh- yes, that's wrong, gold and silver should be close to par, more silver comes out of ground, but more silver is gone. it will go to 15 to 1
tf- silver has longer history than gold bh- yep, chinese, tf/bh silver greece drachma
ned- what is concept on global currency reset?
bh- it's coming, absolutely. usd to rmb 1:1 overnight maybe
tf- back to occ report, could it be opposing trades
bh- very possible, just back and forth.
carl- chinese are big pm hoarders, for how long? tf they got the gold?
bh- 10,000 tons easy. i believe they'll be in the sdr, if it means anything idk. chinese may be on the short side, it will only go on as long as supply continues.
tf- how low can they let price go? bh right, pushing and pulling at the same time. lower prices creates demand.
bh- harvey organ said the 700 tons was paper in gld. maybe they are out of metal
?end game if central banks are buying stocks
bh- it's possible markets can't go down but urrencies collapse. zimbabwe etc.. possible
??rob, what about bitgold??
bh- i personally can't get with the digitalness of gold. look at yesterday's glitches. idk. me? no. phyzz only.
tf- same with the greek euro limitations.
bh- exactly, people should already be out. who in right mind leaves money in greek bank??
tf- even 5 thousand dollar withdrawals get questioned.
tf- time for final four!!
ff1- which better season football in texas??
bh- baylor
ff2- texas, ever referred to someone all hat no cattle
bh - oh yes
ff3- who will be repub nominee prez
bh- jeb bush (tf trump is goofy, but his words appeal, people shouldn't write him off)
ff4- platinum, do you own any? want to buy any?
bh- no and no

tf-wrap up thanks, best luck in adventures.
bh- send me link for
recording off
tf- appears to have recorded
bh- those were great questions, esp re: yesterday.

---excellent a2a, thanks gents---

Jul 9, 2015 - 2:48pm

I'll take the fifth!

Nice interview. "The Greeks have already defaulted, and it seems that no defaults will be recognized to prevent the crash of the derivative house of cards!" (my summary of that topic)

Jul 9, 2015 - 2:48pm


will be history next week. I think he will ignore the vote of his people and will sell their soul to the criminal bankster and politicians elite when they meet with the peace price winner Obama the coming days....Obama told him to take freshly printed money from the IMF or he will be "game over" soon. Same with Varoufakis: Leave the office or you will have an accident with your motorbike.

Jul 9, 2015 - 2:44pm

Time 2 listen

Gamble gamble

Jul 9, 2015 - 2:44pm

number 2

heard most of it live, got a phone call right in middle, so gotta check it out again

Jul 9, 2015 - 2:38pm


Turd and Bill!

Subscribe or login to read all comments.


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Key Economic Events Week of 9/14

9/15 8:30 ET Empire State and Import Price Idx
9/15 9:15 ET Cap Ute and Ind Prod
9/16 8:30 ET Retail Sales
9/16 10:00 ET Business Inventories
9/16 2:00 ET FOMC Fedlines
9/16 2:30 ET Powell Presser
9/17 8:30 ET Philly Fed
9/18 8:30 ET Current Acct Deficit

Key Economic Events Week of 9/7

9/9 10:00 ET JOLTS job openings
9/10 8:30 ET Initial jobless claims
9/10 8:30 ET PPI
9/10 10:00 ET Wholesale Inventories
9/11 8:30 ET CPI
9/11 9:45 ET Core CPI

Key Economic Events Week of 8/31

9/1 9:45 ET Markit Manu Index
9/1 10:00 ET ISM Manu Index
9/1 10:00 ET Construction Spending
9/2 8:15 ET ADP employment
9/2 10:00 ET Goon Williams
9/2 10:00 ET Factory Orders
9/3 8:30 ET Initial jobless claims
9/3 8:30 ET Trade Deficit
9/3 12:30 ET Goon Evans
9/4 8:30 ET BLSBS

Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
8/25 10:00 ET Consumer Confidence
8/26 8:30 ET Durable Goods
8/27 8:30 ET Q2 GDP 2nd guess
8/27 9:10 ET Chief Goon Powell Jackson Hole
8/28 8:30 ET Pers Inc and Consumer Spend
8/28 8:30 ET Core Inflation
8/28 9:45 ET Chicago PMI

Key Economic Events Week of 8/17

8/17 8:30 ET Empire State Manu Idx
8/17 Noon ET Goon Bostic
8/18 8:30 ET Housing Starts
8/19 2:00 pm ET July FOMC minutes
8/20 8:30 ET Jobless claims
8/20 8:30 ET Philly Fed
8/20 10:00 ET LEIII
8/21 9:45 ET Markit flash PMIs July

Recent Comments

Forum Discussion

by Pete, 1 hour 16 min ago
by Green Lantern, 6 hours 36 min ago
by 11IMIX, 7 hours 37 min ago