BillHolter.com

Bill”s Commentary:

“Ya think? Actually, whenever asked how much gold and silver you should have as a portfolio percentage… my standard answer is ‘whatever you don’t want to lose.'”

Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

Bridgewater Associates founder Ray Dalio said investors should allocate as much as 15% of their portfolios to gold even as the precious metal surged to an all-time high above $4,000 an ounce.

“Gold is a very excellent diversifier in the portfolio,” Dalio said Tuesday at the Greenwich Economic Forum in Greenwich, Connecticut. “If you look at it just from a strategic asset allocation perspective, you would probably have something like 15% of your portfolio in gold … because it is one asset that does very well when the typical parts of the portfolio go down.”

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The latest from USA Watchdog –

Fiat Currency Experiment Ending Globally – John Rubino

Bill’s Commentary:

“Gold is not “going up”, it is the fiat currencies losing value that you witness…”

Gold: The US Dollar Bank Run Is Speeding Up

Previously, I have shown how the US dollar banking system is in the midst of a bank run. We have entered the critical part of this bank run. The US dollar banking system has become too debased, and nations are running to an asset like gold as a reserve asset instead.

It can be described as very similar to the events since Nixon ended the direct convertibility to gold in 1971. In the Gold/Monetary Base chart (below) you can see currently how a similar pattern has developed to the 1971 end of convertibility.

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Bill’s Commentary:

“Things are getting SQUEEZY out there!”

SLV Borrow Fee Surges Again

One other quick note that I came across right after sending out today’s column is that the SLV borrow fee has surged again.

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