BillHolter.com

Bill’s Commentary:

“What gold?”

Bill,

The very fact that gold is still valued at $40 / oz. on our books tells me immediately that it's not ours.

There is no need to mark to market if it doesn't belong to us anymore.

If all that gold was ours, we certainly value it at current prices.

Wolfgang

New Senate bill demands full audit of U.S. gold reserves, additional refinement to meet global standards

(Kitco News) – U.S. Senator Mike Lee (R-Utah) introduced a bill on Wednesday which, if passed, will trigger the first comprehensive audit of America’s gold reserves in decades.

The senate version of the Gold Reserve Transparency Act demands a full inventory, audit, and accounting of all transactions involving U.S. federal government gold. It also calls for a new process for refinement of the gold so that it meets global market standards – as the majority of U.S. gold currently does not.

Representatives Thomas Massie, Warren Davidson, Addison McDowell, and Troy Nehls also recently introduced a similar bill in the House.

Read more here…

Bill’s Commentary:

“Global silver supply peaked in 2016…”

SRSrocco Report

@SRSroccoReport

Global Silver Mine Supply To Fall Even Lower In 2025

This is quite interesting because with the #Silver price more than double since 2015, mine production is down 10% from peak.

This chart from data earlier this year, shows growth to 835 Moz in 2025, but it was wrong.

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SRSrocco Report

@SRSroccoReport.

9h

According to the data from Metals Focus for the Silver Institute’s November Silver Interim Report…

The 2024 Silver Mine supply was revised lower to 813 Moz, and the 2025 supply was also reduced from 835 Moz to 813 Moz.

Got #Silver?

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