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As Good As Gold Australia: Global Depression Imminent, Could Gold Reach $800,000oz? (w/ Bill Holter)

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As Good As Gold Australia
Dec 3, 2022

In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview finance and precious metals icon, Bill Holter.

The US Treasury curve is now more than 70% inverted. In the last 50 years of history, everytime we have surpassed this threshold, a recession followed. We are now at 76% with the FED still hiking rates and doing QT. We are now in recession – so where to from here?

Global demand for silver is expected to rise 15% this year to 1.21 billion ounces, creating the biggest deficit in decades, according to the silver institute. They predict a deficit of 194 million ounces this year, up from 48 million ounces in 2021.

The amount of silver stored in vaults in London and New York has fallen by around 370 million ounces or 25% this year. How long can this continue before demand outstrips supply, and forces silver prices into the stratosphere?

Peter Zollner, head of the banking department of the Bank for International Settlements, spoke at the global precious metals conference of the London Bullion Market Association just recently. He spoke very positively about the benefits of owning gold.

If it’s good enough for the biggest central bank in the world to own gold, why wouldn’t we follow their lead?

Governments and central banks all around the world continue to blame wars, climate change, and pandemics for the surge and inflation, never acknowledging their absolute mismanagement of the economy and ongoing debasement of fiat currency as the real contributor.

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Bill Holter and Brian paint a very clear picture of the real cause of destructive inflation.Show less

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