Palisades Gold Radio, Released on 9/8/23

Tom welcomes back Precious Metals Broker Bill Holter to discuss the current state of the US economy, the precious metals sector, and the ongoing sovereign debt crisis. He points out how, as a result of higher rates, the available collateral is shrinking – rates are now back to 2001-2002 levels and an affordability crisis is rapidly unfolding in real estate, a large part of the economy. Although these consequences are not yet being priced into the stock market, the real economy will suffer. He then discusses the risk of default in the futures market for gold and silver, and doubts the validity of the US’ gold reserves; however, he does believe there is gold that could be mined in the US. Lastly, he explains why the government and the Fed will probably choose to take the easy way out by printing more money to cover obligations – this will ultimately destroy confidence and the dollar.

0:00 – Introduction
0:34 – Debt Foundations
4:34 – Rates & Lag Time
7:06 – Risk & Protection
11:25 – Silver Vs. Gold
13:23 – Dollar Decline
15:40 – Revaluing Gold
17:17 – Failure to Deliver
18:40 – Currency War Risks
19:32 – C.B. Gold & Audits
23:38 – Inflate Debt Away
25:04 – Dollar Confidence
27:24 – Wrap Up

Bill Holter is currently a writer for Miles Franklin and Jim Sinclair’s Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities related to management of paper assets. Bill was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) commentaries from 2007-2012. Bill became a writer for Jim Sinclair’s Mineset in 2015.

  dollar collapse, economic collapse, gold, silver