With one of his most ominous statements, precious metals expert Bill Holter, also known as Mr. Gold, returns, warning that the “final act” of today’s monetary system has already begun.
Although, as he notes, there has not yet been a physical inability to deliver silver, nothing has essentially improved.
Derivatives continue to be valued at. unimaginable magnitudes, “in the quadrillions”, while global debt remains inflated and, according to him, unpayable for almost any country on the planet.
Holter describes with characteristic bluntness the end of the current system: “Gold and silver cannot go bankrupt in a world that is in the process of going bankrupt.
Gold and silver are God’s money.
They are physical assets. Fiat currencies are debt and will collapse under their own weight.”
The correction
After a particularly intense correction in previous months, where silver dropped dramatically from levels of 120 dollars per ounce and gold approached the 200-day moving average near 4,000 dollars, from highs above 5,500 dollars, Holter argues that the low has already been recorded.
As he emphasizes, the upward reaction has already begun and markets are once again on an upward trajectory.
On the same wavelength, technical analyst Michael Oliver, a key associate of Jim Sinclair, is said to estimate that silver could even move to 300 to 500 dollars per ounce by the end of the year, a forecast that, if confirmed, would cause seismic shocks in the markets.
When asked whether a possible peace with Iran or a new escalation of tension could change the data, Bill Holter (Mr. Gold) appears categorical:
“It does not matter. You must look at the final stage. This is the rise you should not sell, because you may not be able to re-enter the market.”
And he continues in an even more dramatic tone: “The final result is a complete and total collapse.
In a world where debt collapses and bankruptcies multiply, you need money that cannot go bankrupt.
That is gold and silver.”
The “musical chairs game”
Holter compares the global economic system to a dangerous “musical chairs game”, where, when the music stops, most will be left exposed without protection.
“In a global bankruptcy, you want to be the one holding the only chair.
And that chair is gold and silver,” he concludes meaningfully.
Holter’s narrative reinforces the already tense climate in the markets, bringing back to the forefront the timeless question, is this a simple upward phase of precious metals or preparation for a deeper, systemic shock that will overturn everything in the global financial structure?
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