Authored by Greg Hunter via usawatchdog.com,
Bill Holter, a renowned financial writer and precious metals expert known as Mr. Gold, has issued a stark warning about the state of the silver market. Holter predicts that by March, there will likely be a failure to deliver physical silver at COMEX, indicating that demand for physical silver will exceed the available supply. The numbers are concerning, with only 86 million ounces of registered inventory at COMEX and 52 million ounces already standing for delivery as of the second day of March. This leaves a significant shortfall of 30 to 35 million ounces, raising concerns about the market’s ability to meet demand.
Holter emphasizes the potential repercussions of a failure to deliver in the silver market, stating that it could trigger a similar crisis in the gold market. He warns that if silver fails to deliver, it could lead to a domino effect where buyers demand physical gold, ultimately causing a collapse in confidence in the financial system. With trillions of dollars in derivatives and mounting global debt, Holter paints a grim picture of the financial landscape, suggesting that silver could be the catalyst for a larger crisis.
Looking ahead, Holter believes that the global debt situation is unsustainable and will eventually lead to hyperinflation on a global scale. He cautions that those who are not prepared for the impending financial collapse will suffer irreparable consequences, emphasizing the importance of being proactive in safeguarding one’s assets. Despite the skepticism faced by early investors in precious metals, Holter points out that history has shown the long-term value of gold and silver as safe-haven assets.
For more insights from Bill Holter, watch the video below:
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