As Good As Gold Australia
Apr 29, 2023
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia talk with financial and precious metals icon, Bill Holter.
Just a few days ago, and only one month after the collapse of SVB, Moodys Investor Services in the US, have downgraded 11 US banks. Moodys are saying that due to large scale instability in the market place and recent bank failures, high inflation and interest rates, these 11 banks have become unstable.
Comerica, First Republic, In Trust, UMB, Western Alliance and Zions are all under review.
They have been downgraded due to the fact that they have billions of dollars in assets that are in the red.
Associate Bank Corps, First Hawaiian, Washington Federal, and the US bank have also been downgraded.
Janet Yellen, Secretary of the Treasury of the US says everything is fine.
Australian Federal Treasurer, Jim Chalmers says everything is fine.
Does Bill Holter think everything is fine?
The French Bank “Socie’te’ Generale” recently decided on a 6% allocation to gold – preparing for a potential recession. Last year in 2022, the Central Banks of the world bought 1/3 of all the mined gold (1,130 tonnes) and Singapore this year bought (6.8 tonne). Why are our Central Banks and private banks diverisfying into gold, but not sharing that information with the general public?
The CEO of van Eck Hedge Fund “Jan van Eck” that has US $69 billion under management, is saying that gold is in the early stages of a new “multi-year bull cycle”.
Jim Rickards is now talking US $15,000 for gold by end of 2025, and John Paulson (multi-billionaire) is talking about gold going parabolic. Stark predictions – or are they?Show less
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