Bill Holter: Gold-backed Ruble set to leave PetroDollar behind

Arcadia Economics, Released on 4/21/22

Despite Wall Street pricing in 200 basis points of interest rate increases before the end of 2022, the gold price continues to flirt with $2000 per ounce. Largely because of the developments in Russia, where their quasi-gold-backing to the ruble has provided support to the gold market. Which is not the easiest situation to reconcile. Although fortunately Bill Holter of JS Mineset joined me on the show to explain what’s happening, what to watch out for, and what he’s expecting next. So to find out the latest developments with the Ruble, the gold and silver markets, and the petro-dollar, click to watch the video now!

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.

Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin,, and several others.

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