More From Bill Holter on the Crash of the Rigged Gold and Silver Markets

by Georgi Stankov, November 28, 2014

Three days ago I informed you about the looming of a major international monetary crisis that will start with the collapse of the gold and silver markets, as first revealed by the renowned expert Bill Holter. This crisis is closely related to the current hectic repatriation of gold by many European countries. At the same time we have a veritable bubble in the equity markets which hit an all-time-high last week and are now ready to crash any moment. All these significant developments will culminate in December and will unleash a worldwide collapse of the Orion monetary system of an irreversible character.

This is all part of the incredibly fine-tuned Ascension scenario in this final stage. However it affords a lot of economic and financial expertise to put all the pieces together. Even the best experts are sometimes overwhelmed and cannot “see the forest for the trees” (Von lauter Baeume die Wald nicht mehr sehen) as the renowned expert Bill Holter exemplifies in this interview below, which was taken after he published his sensational article. He was the first to break the news that “the gold market is corner-able” a few days ago and may crash after Thanksgiving, as reported on this website.

Bill Holter – Gold will be the Last Man Standing

Financial writer Bill Holter says the players in the gold markets are fearful. Why?  Holter says, “The GOFO rates, or gold forward rates, in London are negative.  They should never be negative, and they are more negative now than any time since 2001.  That shows extreme tightness in the metals market. To me, it shows mistrust.  It shows that people are saying I want my gold now.  I don’t want gold in the future, I want it now.  Negative GOFO rates should never happen.”  Holter also says that the COMEX market is what he calls “corner-able.” 

How much would it take to buy the entire deliverable gold and silver inventory? Holter says,

“The way I would put it is it’s a ham sandwich without the ham or the cheese.  You are talking about $1 billion would be enough to clean out COMEX gold registered category, and another billion dollars would clean out the silver inventory.   It’s nothing.  $2 billion dollars would clean the shelves dry.”

With reported fines being levied on banks for gold price rigging, it is clear the gold market is manipulated. Why manipulate prices of the yellow metal downward?  Holter says, “Gold is kryptonite to the dollar. The reason why gold and silver prices are manipulated down is to hold up the value of the dollar.  And thus, the value to the Treasury market which keeps interest rates down.  It allows us to keep interest rates lower than we normally could.”

What would happen if Russia or China spent $2 billion to clean out COMEX? Holter says,

“Russia could do that and China could do that.  We would see the entire system implode.  The question is do they want to do that.  This whole scenario is about bleeding gold from the west.  It’s about taking gold from the west and transporting it to the east.  Do they want to blow up the game before they got their fill?  Do they want to blow up the game before we run out of gold?  No, they don’t.  Is it this expiration that they are going to blow it up?  I don’t know, but I do know the COMEX is killable.  The question is have we run out of gold to deliver to China and also Russia?”

Holter says one of the overarching issues in global finance comes down to trust. Holter explains,

“The Russians, Chinese and Indians are all acquiring gold.  We have a Swiss referendum coming on Sunday.  They want to repatriate their gold.  This is about central banks not trusting central banks.  Interesting enough, the leading party in the polls in France is talking about repatriating French gold.  Why are there all these repatriations all of a sudden? The reason being is central banks are not trusting other central banks.  It’s all about trust, and gold is trust. . . . It’s going to be the last man standing.”

Join Greg Hunter as he goes One-on-One with gold expert Bill Holter of Miles Franklin. 

There is much more in the video interview hier, which includes a discussion of all the major financial events that will lead to the financial crash as reported by myself this week:


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