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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.”
Read more here…
The latest from USA Watchdog –
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.
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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Bill’s Commentary:
“In case you are wondering what “passed the fiscal event horizon” means, it means that mathematically the debt cannot be repaid in current values of fiat currency. Fiats MUST devalue in order to make the debt payable… gold is screaming this loud and clear to those who will listen!”
Rabobank: Gold Confirms The World Has Passed The Fiscal Event Horizon
France is once again engulfed in political crisis following the resignation of Prime Minister Lecornu just hours after his cabinet was sworn in. Lecornu lasted less than a month in the job, a tenure that makes Liz Truss look like Lord Liverpool. Jordan Bardella, President of the right-wing National Rally, has urged President Macron to dissolve the National Assembly and call fresh elections.
Lecornu’s is the third French government to collapse in the last 12 months. Former EU Brexit negotiator Michel Barnier lost the Premiership in December following failed attempts to pass budget measures and Francois Bayrou similarly lost a no-confidence vote last month after his attempts to rein in France’s runaway deficit were rejected by parties on the left and right.
Bill’s Commentary:
“We get an update on TRX from CEO Stephen Mullowney toward the end of this interview.”
Bill Holter: Silver Tightness In London Worsens (Also posted under Interviews)
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Bill’s Commentary:
“Just to be clear, I was trying to say that the only police working will be the “Barney Fifes” of the world…”
The latest from Erik –
Bill’s Commentary:
“Is AI just another fiat incinerator?”
Sam Altman Warns That AI Industry Is Due for a Spectacular Implosion
OpenAI CEO Sam Altman is doing what he does best: warning of AI-related doom that he doesn’t sound all that pressed about.
Last week, while touring one of OpenAI’s mammoth data centers being built in Abilene, Texas, Altman had a pretty casual outlook when he was asked about a bubble that could financially decimate the entire industry.
“Between the ten years we’ve already been operating and the many decades ahead of us, there will be booms and busts,” Altman ruminated, as quoted by The Associated Press. “People will overinvest and lose money, and underinvest and lose a lot of revenue.”
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Bill is interviewed by The Market Sniper (Also posted under Interviews)
The latest from USA Watchdog –
Bill’s Commentary:
“When you pay something for nothing, why would you expect to get anything more than “nothing” back? “
What the hell happened to NFTs?
https://www.telegraph.co.uk/art/artists/rise-and-fall-of-nfts/
Bill’s Commentary:
“The real economy stops dead in its tracks when credit seizes up…”
Race To The Financial Dung Heap
As I wrote just weeks ago, I believed (and still do) that any new market collapse could come at the hands of crypto and/or stablecoins, which have in many ways become an essentially unregulated $4 trillion slush-y money market fund reminiscent of 2008.
But watching the headlines coming out of commercial real estate, private credit and subprime auto over the last week or two — and I’m not certain we don’t have a new leader, or leaders, in the nationally televised Race To The Financial Dung Heap™.
Let’s try to make this case as clear and as simple as possible, with examples and charts for people with very short attention spans, like myself.
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Bill’s Commentary:
“Surprise!!!“
Shocker: Soros-Backed Tides Foundation Funding Wikipedia
X user DataRepublican, also known as Jennica Pounds, who leads DOGE-adjacent efforts in an open-source capacity, has delved deeper into the dark-money-funded NGO world. Her latest target: George Soros and one of the largest soft-power projects of the 1990s, called the Muskie Fellowship program.
But the focus here is not the Muskie Fellowship program, but rather her question: “This is straight off the Federal Register. Now ask yourself why Wikipedia doesn’t mention the Soros Foundation.”
She added, “And fun fact — Soros had further grants for these graduates of the Muskie fellowship program. Hard to interpret this as something other than using our taxpayer funds to educate his minions.”
Bill’s Commentary:
“How is your blood pressure these days?”
Bill’s Commentary:
“Is this true?”
MIT study on AI profits rattles tech investors
Wall Street’s biggest fear was validated by a recent MIT study indicating that 95% of organizations studied get zero return on their AI investment.
Why it matters: Investors have put up with record AI spend from tech companies because they expect record returns, eventually. This study calls those returns into question, which could be an existential risk for a market that’s overly tied to the AI narrative.
Driving the news: MIT researchers studied 300 public AI initiatives to try and suss out the “no hype reality” of AI’s impact on business, Aditya Challapally, research contributor to project NANDA at MIT, tells Axios.
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Bill’s Commentary:
“Grace defined!”
Mormons raise $200,000 for family of gunman who attacked their church
Members of the Church of Jesus Christ of Latter-day Saints were in deep grief after a gunman ambushed a worship service in Michigan on Sunday, killing four people and wounding eight others.
They started fundraisers for the victims. Then they did something remarkable: They began donating money to the wife and son of Thomas Jacob Sanford, the man who police say carried out the attack.
That fundraiser, which has raised close to $200,000, has collected donations from more than 5,000 people, many of them Latter-day Saints.
Bill’s Commentary:
“Some in your face reality from Erik”
The latest from Erik –
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Bill’s Commentary:
“Is this even legal? If so, it should be MADE ILLEGAL!”
Israel Paying US Social Media Influencers $7,000 Per Post As Right-Wing Support Craters
Following Israeli Prime Minister Benjamin Netanyahu’s meeting in New York on Friday with a group of pro-Israel influencers, we learn that Israel is likely paying them a whopping $7,000 per pro-Israel social-media post in a desperate drive to bolster plummeting support of Israel among America’s young conservatives.
That’s the conclusion of Responsible Statecraft’s Nick Cleveland-Stout, based on analysis of a disclosure filed with the US Department of Justice as required by the Foreign Agents Registration Act (FARA). While pro-Israel lobbying heavyweight AIPAC is notoriously exempt from FARA registration, the social media operation comes under the transparency law’s provisions because Israel’s Ministry of Foreign Affairs is paying for it.
The latest from USA Watchdog –
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Bill’s Commentary:
“This is just like the system as a whole… do you really trust ANY manmade “lifetime guarantee”?”
Publishers Clearing House’s new plan: Future winners will be protected. Past winners still won’t get paid
Publishers Clearing House – the bankrupt sweepstakes company that told its past prize winners they would no longer receive their ‘forever’ payments – has a new CEO, who has a plan to protect the company’s prize winners.
Future winners. Past winners are still out of luck.
ARB Interactive, a mobile gaming company that now owns PCH, announced Tuesday that Owen O’Donoghue will lead a “revitalization” of the 70-year-old brand that ensures “all future sweepstakes payouts are fully secure,” according to a statement. O’Donoghue, the new PCH CEO, also plans to make PCH a “mobile-first digital entertainment platform.”
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Bill’s Commentary:
“Nothing is “going up,” your currency simply buys less…”
Gold Isn’t Going Up, Your Money Is Just Losing Value
Whenever gold rises and I get excited as a gold investor, I’m often met with the familiar refrain: “Gold isn’t really going up, the dollar is just losing value.” I used to brush that off as a cliché or a game of semantics, and honestly, it annoyed me. But over time I decided to dig deeper. I started analyzing the data visually, which is my favorite way to learn, and that’s when it finally clicked. They were right. Gold wasn’t truly soaring; fiat currencies were quietly eroding. Since then I’ve made it a mission to help others see this clearly too, using compelling charts that drive the point home. That’s exactly what I’m going to show you today.
Bill’s Commentary:
“Erik describes massive overreach…”
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Bill’s Commentary:
”I don’t know, because Treasury yields are actually below the true inflation (debasement) rate?”
Why investors are ditching bonds for gold in 2025
Gold has surged to the top of investors’ wish lists in 2025. The yellow metal, long revered as a hedge against inflation and geopolitical turmoil, has seen its price rocket to record highs above $3,600 (€3,080) per ounce, delivering returns of nearly 40% year-to-date ––gold’s best year since 1978.
While global equity markets have delivered positive returns this year, they remain well behind gold’s performance. In contrast, bonds are enduring yet another year of disappointing performance.
Bill’s Commentary:
”How much is your time worth?”
Bill’s Commentary:
”The height of stupidity!”
Swiss voters narrowly approve plan for electronic ID cards
Swiss voters have narrowly approved a plan to introduce voluntary electronic identity cards.
With all votes counted, 50.4% of those who voted said yes to the proposal, while 49.6% rejected it.
The closeness of the ballot is a surprise. Opinion polls had suggested up to 60% backed digital IDs, which also had the approval of the Swiss government, and both houses of parliament.
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