BillHolter.com

Bill’s Commentary:

“Happy 250th America!”

America's 250th birthday celebration is already lighting up the sky.

A stunning air show featuring 2,500 drones transformed the night over North Richland Hills, Texas, with massive images of a rocket, a bald eagle, and George Washington.

The patriotic display, created by Sky… pic.twitter.com/bmwG7YuLCZ
— Fox News (@FoxNews) July 3, 2026

Bill’s Commentary:

“The precious metals market is about to change!

Per the two articles below, China’s banks are shutting down leveraged access to paper gold assets for individual investors on July 24, 2026. This will ultimately force funds toward physical metal… these funds have been directed away from physical and into paper for many years in the West. Make no mistake, China will be THE global hub for physical gold and silver trading worldwide. They have built the infrastructure and logistics to handle huge movements of metal. China has imported massive amounts of gold this century, they also produce about 400 tons per year with none exported. It can be illustrated on the back of a napkin that they have a minimum 40,000 tons. Compare that to the US claiming to have 8,300 tons (without an audit since 1956)?

The bottom line is this, we have waited for many, many years for the mathematically inevitable, while China has methodically prepared for the same event by accumulating gold and building out the infrastructure to trade… the real metals. They know that COMEX and LBMA are paper frauds. This is a HUGE signal from China – paper bad, gold good. China waited patiently while we bankrupted ourselves with mathematical certainty. From a financial standpoint, China is in the driver’s seat. They have blown up about 1,000 fiat currencies throughout their history, they know how this ends.

The above said, I believe current pricing for gold and silver is a gift at these levels. The paper yoke of the West was broken back in December, with one last hurrah for the past 4 months. China will dictate price going forward from a physical exchange, paper will ultimately become irrelevant. If you sit on large bank balances while this earthquake shift hits, good luck sourcing product. The time to move is when you have the funds and the ability to source product, the time to “get out of the system” is now!”

Standing watch,

Bill Holter

www.BillHolter.com

Chinese banks rein in retail gold trading on volatility – MINING.COM

End of Retail Bank Gold Leverage in China as ICBC Halts Trading | NAI 500

The latest from USA Watchdog –