JS Mineset’s Bill Holter is back to break down the credit crisis that will lead us directly to a collapse of the entire banking system.
What will happen if China decides to stop their importations of gold?
Paper prices may very well crash …while price for real gold within China goes to the moon.
As Jim Sinclair put it: “You could see COMEX gold at $10 offered and no bid, with Chinese cash markets $5,000 bid and no offer…”
Legendary Gold Expert Jim Sinclair (who owns a home in India) reveals:
Modi will not confiscate gold outside of some proven limited tax situations. I see this as misinformation…
It is most obvious they are trying to legislate away TRUTH!
In essence, they are trying to say and I paraphrase, if you disagree with the official story, you are Russian propaganda…
What happens to Deutsche Bank and the global financial system when the market opens in several hours?
The Legendary gold and derivatives expert Jim Sinclair came out of retirement today to issue an URGENT WARNING:
The cartel hit gold hard again this week, selling $1.5 BILLION in paper gold into the market in ONE MINUTE and as Bill Holter notes, “$1.5 Billion of gold is close to 2% of global production and to see that sold in one minute is laughable.”
Bill asks, “Who has that amount of gold to sell? And the answer of course is almost no one.
But as the bond market and rising LIBOR rates are telling us, the system is coming apart at the seams and the coming collapse will cause “our entire world to change…”
The 2008 Great Financial Crisis came about because we began to hit “debt saturation” levels. The crisis was one of solvency but was attended to with added liquidity. Sovereign treasuries still had the ability to add debt to their balance sheets which was done in unprecedented amounts. Now, we are again bumping up against debt saturation levels as sovereign treasuries by and large have little room left to add more debt in efforts to reflate.
The root problem of solvency was never addressed, only postponed to another day. That “day” seems to be in sight…
Is the world headed for a “Mad Max” future? Financial writer Bill Holter says, “I think the chances are better than a coin flip that we have societal breakdown. People are not going to trade real eggs or real tomatoes for dollars. They will say I want something real for something real. That’s where your dollar collapses.”
On gold, the math is simple. Holter says, “The punchline to this is the system has never been risker and more leveraged than it is today. Yet, the price or the cost of insurance (gold and silver) has never been cheaper than it is today with the exception of late last year in October, November and December of 2015.”
How does it end? Holter says, “I have said many times that we are going to have a reset of the system. ALL currencies, ALL bonds, ALL interest rates, stocks, commodities, gold, silver, etc. This is a very, very dangerous time…”
The price of gold relative to the monetary base has never been lower than it is RIGHT NOW.
This will end with a massive call on gold by EVERYTHING credit ...
Twenty of them to make the same announcement!?!
Brexit is being called a six sigma “Black Swan”. The world will wake up Monday morning to all sorts of margin calls.
You must understand, the “carry trade” is held on very thin margin.
Many “counterparties” were outright blown up today.
The unanimous winner in ALL currencies is gold…
Legendary Gold Trader Jim Sinclair ended his radio silence last weekend to warn listeners to prepare for a FREE-FALL Financial Reset on the immediate horizon.
Was Sinclair warned BREXIT was about to SHATTER THE MARKETS?
Someone very real and VERY BIG is standing for gold. This “someone” would not be bribed to go away last month and does not look like they will go way this month!
Who is this long who all of a sudden cannot be bribed to stand down?
Looking specifically at silver, we have a true potential atomic bomb in the works for July…
Everything has changed. The entire smell has changed the last two months. . . . It looks like the gold and silver longs are different longs. They want real metal and will not accept paper.”
Big well known money people have been making ominous warnings about another coming financial meltdown. Why are they making these dire warnings now? Bill Holter says, “Because it’s gotten so obvious . . . these guys are extremely brilliant people. I am glad they finally came around and figured it out. . . . They’re getting on the record is what they are doing. You would not have the caliber of names all lining up in the last 60 to 90 days . . . unless it was going to happen pretty soon…”
Is it possible the clan of monster derivatives banks is a very small club and Deutsche Bank “ain’t a member anymore” because they turned rat?
This certainly bears watching because if Deutsche Bank has been kicked out of the gentlemen’s club, they have been allowed to carry the red button kill switch called derivatives with them!
“I think what we are looking at is an EVENT that you’re not going to be able to recover from. If this market snaps and the markets close, and you’re not in position, you’re out. You’re out for the rest of your life. This is going to be an EVENT that you can’t recover from.”
*Warning: Interview below is NOT for the faint of heart…
Last Friday we got horrifying (from a contrarian standpoint) COT numbers with nearly record numbers for commercial shorts. With history as any guide, gold and silver should have already been slaughtered, yet they have not been. In fact, we now have silver and gold at nearly one year highs and mining equities exploding.
Commercials are very short gold and silver now, and they have lost $billions just today. Maybe they continue to throw paper at gold and silver, Shanghai ain’t buyin’ it! No matter what the apologists say, COMEX can and will default when they can no longer deliver metal.
This is the rally you NEVER sell…