A2A with Bill Holter

121

Wow, this was a great A2A! When you have time, be sure to listen to the entire recording. You won't be disappointed.

Over the course of this hour long discussion, Bill offers opinions and insights on a variety of topics including:

  • The recent release of the "Panama Papers" and subsequent truth bombs that may be on the way
  • The impossibility of accurately predicting a dollar price for gold after the expected reset
  • Chinese involvement in physical metal accumulation as well as paper metal manipulation
  • Whether "the rally you don't sell" has begun and silver's potential upside

And MUCH, MUCH more. Again, please be sure to give this a thorough listen. You might also forward the link to family and friends once the Vault restriction is lifted tomorrow.

TF

  121 Comments

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Mobius
Apr 8, 2016 - 10:06am

UUUgh....

I get hit with Sprott's follow on offerings every single time. I know I should be happy (as long as it adds to the amount of silver I have in the trust) but it sucks to watch the dollar price take a hit on these days, especially after I FINALLY hop in with some significant retirement money in the first decent PM rally we've had in a long time. I guess this is just taking one for the team. It should be a long term position as long as we continue to see strength, so maybe this will all even out.

Exter's revenge
Apr 8, 2016 - 9:56am

silver straw

Three cheers to Sprott. Big chunk of physical silver at a crucial time taken from the banksters. Could it be the straw that breaks the back of the silver manipulators.

braincramps
Apr 8, 2016 - 9:51am

LBMA update

Fight Over Future of London’s $5 Trillion, 300 Year-Old Gold Market

Much of the $5 trillion in transactions cleared every year in London is done by telephone or in electronic chat rooms and are the same kind of one-on-one deals that gave birth to the marketplace three centuries ago. But traders and bankers say the system may not provide enough transparency to satisfy regulators or attract new business at a time when more gold is being bought and sold in New York and Shanghai.

That’s why the main participant group, the London Bullion Market Association, is evaluating bids to create a trading and reporting platform. At the same time, a different plan is being developed by the World Gold Council, a mining industry group that is working with the London Metal Exchange to come up with new futures contracts, said two people with direct knowledge of the venture. The proposals, if successful, would alter the way gold is bought and sold in the city.

It’s a pretty big moment for London, and it’s time to choose,” said Mark O’Byrne, a director in Dublin at brokerage GoldCore Ltd. “Everybody wants to bring more players to the table, but there is a risk that through the failure to work together, liquidity is diluted and the market weakened.

Like the COMEX, the LBMA only exists to rig the gold price. This talk of “better transparency” is pure bulls hit, as the LBMA is a closed shop—and everything is done in secret. That will never change. This worthwhile readshowed up on the Bloomberg Internet site at 4:00 p.m. MDT on Wednesday afternoon—and was updated about 19 hours later. I found it on the Mark O’Byrne’s website—goldcore.com—yesterday. Another link to this gold-related story is here.

LostMind
Apr 8, 2016 - 9:43am

I firmly believe that Rickards et al

Are pushing Gold now because of the SDR push at the end of 2016.

I do believe the SDR will be the "one currency" so that there will be no one currency...

A combination of Fiat (Yen, US$, Euro, Pound, Yuan) and Gold will make up the basket. In order for the basket to work, so much GOLD will need to be part of the trade.

No one wants the US$, but is stuck in the trade. This is being set up to end within the next 1-2 years. The writing is on the wall.

In order for the markets to "deal" with the incredible amount of debt, everyone needs to have GOLD reset at a point and place that "limits" their insolvency. China has played to this to a tea. Yes, they have incurred greater debt than the US to build up their infrastructure, while we have incurred great debt paying off the citizenry...

What I do not agree with Bill on is the Silver trade... Why would China trade their Silver for Gold, especially when the GSR is so high. The only real reason I can think of is that China needed more time to achieve some Gold level for the SDR basket weight... Kind of like blackmail. Either "loan" us the silver or we punch the golden ticket now before you are ready...

Either way, GOLD will be the next step in the money trade. It is needed to "reset" the debt load for world's governments.

Where does this put silver? As SS121 would say, in the sweet spot for every day investors... At a GSR of 80 to 1, when Gold gets reset to $10,000/ounce, Silver will be what? A minimum of $125/ounce. In reality, the push for anything metal will more than likely help it find its real place in money value with a GSR of 30:1 to 10:1; that would be $333/oz to $1,000/oz.

Please understand that the Government has already demonstrated what they will do to debts. A debt jubilee cannot and will not happen. The bankers own this planet and will make sure all of your debts are marked to some balance of reset that will "ensure" their return on investment. You owe $500,000 on your house at todays value, Gold runs up to $1,800 an oz before the reset, then they will say that your house debt is equivalent to 278 oz of Gold... When the reset happens that means you will owe $2,780,000 on your house... Anyone see the hyper inflation potential??? Do you think your house will be worth that? Do you think many people will "walk" away from their debts? The house will plummet in value, while the debt load will be huge. Except, we will all get raises ;-) right? A $100K a year job will now be making $250K?!?!?

I may be wrong, probably am... But this scenario, is to me, the most likely... Why I have no debts... What will I be able to buy with a 1,000 oz of silver? Today that 1,000 oz is worth $17,000 fiat. At $333 -$1,000 an oz in the not to far away future?

You don't have to see it, but damn the craziness of it all is coming faster than anyone of us want to believe. Rickards is "potentially" the elites canary telling us all that the end of the current is near. I would pay heed to the warning...

Safety Dan
Apr 8, 2016 - 9:38am
Safety Dan
Apr 8, 2016 - 9:36am

Central Banks Create Chaos For IMF To Rescue

Lost Faith In Central Banks And The Economic End Game

.......

This should not be news to anyone, but unfortunately it is. Back in 2012 IMF head Christine Lagarde made this revealing statement:

"When the world around the IMF goes downhill, we thrive. We become extremely active because we lend money, we earn interest and charges and all the rest of it, and the institution does well. When the world goes well and we’ve had years of growth, as was the case back in 2006 and 2007, the IMF doesn’t do so well both financially and otherwise."

If the IMF is engineering a financial crisis in Europe in order to gain more power and influence, why wouldn’t the Fed be doing the same for the IMF in America?

The ONLY explanation that makes sense in terms of the Fed allowing an incremental removal of support from U.S. markets is that their GOAL is to create instability. The jawboning and exploitation of false hopes acts as a kind of steam valve, slowing the crash to a manageable pace.

The loss of faith in central banks and their ability to support dying markets is indeed occurring. However, this is not the whole story. The fact is, the loss of faith is MEANT to happen, and it is useful to globalists at the IMF who now seek to replace hundreds of central bank franchises across the globe with a single governing entity overseeing the financial administration of the entire world. That is to say, the IMF is creating the problem so that they can offer themselves and their authority as a solution.

Just as the international bankers use stimulus and rate policy as tools, so, to, do they use chaos.

https://www.alt-market.com/articles/2851-lost-faith-in-central-banks-and...

Danforth Coxwell
Apr 8, 2016 - 9:27am

ZH just posted..

an article indicating that at there will be a "Special" meeting of the Fed on Monday to discuss interest rates.

Mads Trauson
Apr 8, 2016 - 9:21am

Wish I'd seen that before I talked to Eric

Nuts.

Here's a condensed weekly wrapup as he's in Augusta for The Masters and had very little time. Will be sure to discuss the secondary next week.

https://soundcloud.com/sprottmoney/sprott-money-news-4816

Mads Trauson
Apr 8, 2016 - 9:10am

Secondary placing PSLV Sprott

12.3m share placing by Morgan Stanley to raise $72m to buy physical.Makes a lot of sense when it is trading at 5.8% premium to NAV and gold/silver ratio is the 4th most favourable to silver in the last 100 years.Eric Sprott doing the right thing.

jwmkratz
Apr 8, 2016 - 9:10am

Druckenmiller adds 10% to gold holdings

Anyone have any information on this? Rumor has it that Stanley Druckenmiller has now increased his physical gold holdings from 20% to 30% in the last week or so

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