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

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tyberious
Apr 7, 2016 - 11:51pm

Interest rates and gold

Interest rates and gold analysis

by Alasdair Macleod, Gold Money:

It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price.

Like all assumptions about prices, sometimes it is true and sometimes not.

The market today is all about synthetic gold, gold which is referred to but rarely delivered. The current relationship is therefore one of relative interest rates, because positions in synthetic gold, in the form of futures and forwards, are financed from wholesale money markets.

Read More

tyberious
Apr 7, 2016 - 11:50pm

Incase you missed it,

as Bill and Turd's Great Adventure was awesome!!

In other news:

The European Union Was An AMERICAN Idea

from Washington’s Blog via, Lew Rockwell:

A Unified Europe: Born In the USA

The former Bank of England head Mervyn King said this week that the “depression” in Europe “has happened almost as a deliberate act of policy”. Specifically, King said that the formation of the European Union has doomed Europe to economic malaise.

He points out that Greece is experiencing “a depression deeper than the United States experienced in the 1930s”.

Read More

Mariposa de Oro
Apr 7, 2016 - 11:17pm

Off topic question

Hi ya'll,

Real quick: What is the best response when someone tells you you're giving up "free money" if you no longer make contributions to your 401k? I'm stuffing my GoldMoney holding and have stopped contributing to my 401k. I don't see how the employer contribution is free if I have to pay up. If it were free, wouldn't my employer put the money in anyway? Thoughts? Thx

PS Barfly,

I understand. My time in Turdville is greatly reduced. As much as I enjoy it here, my time is limited. Still, I do pop in from time to time. I hope you can in the future as well.

Exter's revenge
Apr 7, 2016 - 11:12pm

deflationary tidal wave

The end of the great Keynsian experiment is a deflationary tidal wave. The central banks use debt to create money. Whenever they get in trouble they create more money by adding more debt. Risk on! Leverage up! Borrow and invest! They must grow the debt or die! Companies have destroyed their balance sheets to buy their own stocks. Massive borrowing in the oil and commodity sector have created over capacity that will take years to rebalance. Wholesale inventories are growing. World economies are shrinking.

The central banks are pulling out all the stops. Negative interest rates shows just how scary things are. Stock markets in Europe and Japan have already turned back down. The banking stocks are getting trashed.

Defaults destroy money. Weak stock markets also destroy liquidity. The nikkei is down 25% from 20 year highs last summer. The Japanese are the worlds savers. The destruction of wealth in Japan is draining liquidity from the world as the Japanese are forced to repatriate their overseas investments. This will accelerate the deflationary tidal wave. The strong Yen is a disaster for the world economy.

The German Dax is also down over 20 percent from the all time high last April. Deutsche Bank's collapse is another indication of how the financial cancer is spreading. This is a worldwide phenomenon. The US won't escape. So far our stock market is only down 3 or 4 percent from all time highs. The disease is spreading rapidly. The US markets will shortly join their western brothers.

The central banks continue to pour more alcohol on a world with a massive debt hangover. It won't work as risk off behaviour spreads. Gold and silver are the ultimate risk off trade. The banks won't be able to hold back the precious metal volcano.

bilambiljet
Apr 7, 2016 - 11:12pm

Great A2A

What a great A2A with Craig & Bill. Answered a lot of my questions about what to do with my gold once the re-set comes. better stock up also on my baked beans. Thankyou to you both.

Lugnut
Apr 7, 2016 - 10:59pm

Barfly

I can really understand what you are saying. I don't post much and sometimes barely get to check out this website because of all that I have to do elsewhere. Best of luck to you.

lakedweller2
Apr 7, 2016 - 10:23pm

Movin on

That's reasonable.

ancientone
Apr 7, 2016 - 10:08pm

@movin' on

I'm sure he was. He's a smart salesman..I wish I knew what he was really selling..other than his books..I like what he's saying as far as gold and such but I just don't really have a warm cosy feeling yet on what he's selling. I would like too..I just don't have yet.

lakedweller2
Apr 7, 2016 - 10:02pm

@movin on

Maybe he was a student at Johns Hopkins.

ancientone
Apr 7, 2016 - 9:50pm

Movin' On

We all will. It's always mentally satisfying when some of your thoughts or beliefs, financial or otherwise, are mirrored by another of apparent more knowledge in those areas..

I'm mostly a voyeur here but I do learn a lot and am reinforced in my present thoughts and beliefs by many of you..Like Barfly says..Thanks to all..

I saw this image of Jim Rickards when he was a hippie..Maybe he was cia then too..

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