“We tried to tell you this many times years ago… only to be laughed at.”
“The Plan Was To Kill Off Gold As Money…”
If you think about it, there is a simple reason that derivatives for speculating or hedging gold is fatally flawed. It is because in nearly every nation’s common law, gold is money, and currencies are inferior credit, which is where payment risk actually lies. That the Western financial establishment is ignorant of this fact does not change the facts.
There is a good reason why this matters. Gold has lasted as legal money, and credit has been separately acknowledged to be deferred payment in money since Roman law. Since then, there have been many instances of governments denying these facts and promoting their currencies in the place of gold, which have always ended in their collapse.
In any price relationship involving a medium of exchange, there is an objective value and a subjective one. The objective value is always in the medium of exchange, and the subjective value is in the goods or services being exchanged. Put another way, the buyer and seller will both value money or its substitute the same, but the buyer values the goods or services more highly than the seller: otherwise, the exchange won’t take place. But if gold is the money, where does that leave a fiat currency?
“Keith checks in from the north country with a very correct statement!”
“That the Western financial establishment is ignorant of this fact does not change the facts. Gold derivative markets are drifting towards the rocks of a crisis.”
Are We Seeing The End Of Derivatives In The Gold Market
February 17 (King World News) – Alasdair Macleod: For years, bulls of gold and silver have complained about how derivatives have been used to suppress their prices. Their dreams of the practice ending could be coming true.
If you think about it, there is a simple reason that derivatives for speculating or hedging gold is fatally flawed. It is because in nearly every nation’s common law, gold is money, and currencies are inferior credit, which is where payment risk actually lies. That the Western financial establishment is ignorant of this fact does not change the facts.
There is a good reason why this matters. Gold has lasted as legal money, and credit has been separately acknowledged to be deferred payment in money since Roman law. Since then, there have been many instances of governments denying these facts and promoting their currencies in the place of gold, which have always ended in their collapse.
Proof That Precious Metals Are Just Getting Started
Since the late January pullback in precious metals, which has led to growing investor pessimism, I have focused on demonstrating that this move is only a temporary setback within a much longer-term secular bull market that is still in its early stages.
For example, on Sunday I published a report stating that the best days are still ahead for gold (and silver by extension) because American investors, who are the wealthiest in the world, have participated in the bull market of the past two years in a lukewarm manner. I believe that will soon change as they enter far more aggressively, however, driving gold to $7,000, $8,000, $10,000, and beyond.
In today’s report, I want to discuss another widespread recent phenomenon that clearly indicates the precious metals bull market remains in its very early stages: ordinary individuals are coming out in droves to sell their physical gold and silver, believing they are receiving top dollar they may never see again.
“A two year old article that is more true now than when it was written…”
The Fed is already insolvent. Here’s how we think this plays out
On Tuesday, September 15, 1992, the two most powerful financial officials in the British government held an urgent meeting that night to review their plan for when the markets opened the next morning.
The tone of the meeting must have felt frantic… even desperate… because the value of the British pound had been falling for weeks.
Investors and speculators were rapidly losing confidence in the UK government, mostly due to the ridiculous “Exchange Rate Mechanism” (ERM) which essentially pegged most European currencies to the German Deutschemark.
Rational investors viewed the ERM as an almost comical impossibility.
The Brazilian government has opened applications for the National Committee to Combat Environmental and Climate Racism, marking a significant step toward placing social inclusion and climate justice at the center of national policy.
Created in the context of COP30, the interministerial committee seeks to broaden participation in climate debates and confront the deepening inequalities intensified by global warming.
Civil society organizations have until March 4 to nominate representatives to join the initiative, which brings together the Ministries of Environment and Climate Change (MMA), Racial Equality (MIR), Indigenous Peoples (MPI), and Agrarian Development and Family Farming (MDA).
“Anyone who buys a 100 year bond in a fiat system should have their head examined!”
Why Alphabet’s 100-year sterling bond is raising new fears over debt-fuelled AI arms race
Alphabet’s rare 100-year sterling bond is the latest sign of late-cycle exuberance in credit markets, strategists say, as tech hyperscalers ramp up borrowing to historic levels to fund vast data center and AI infrastructure buildouts.
The century bond — the Google-owner’s debut issuance in sterling — is part of a broader multi-tranche, multi-currency borrowing drive totaling some $20 billion. The offering spans maturities across dollars, euros and sterling, and includes a debut bond in Swiss francs.
China’s Central Bank Keeps Buying Gold… And Dumping US Debt
China’s ferocious appetite for gold is influencing the global metals market, and that demand is what will keep driving up metal prices, according to Michael Howell, founder of CrossBorder Capital.
The People’s Bank of China’s gold holdings totaled 74.19 million fine troy ounces by the end of January, up from 74.15 million in the previous month, according to recent central bank data.
Beijing’s value of gold reserves also surged to $369.58 billion, from $319.45 billion in December 2025.
Gold accounts for almost 9 percent of China’s total reserves, the World Gold Council estimates.
Half of Gen Z brings parents to job interviews: survey
80% said their parents have communicated with their manager at least once
Over 50% of college-age job seekers had their parents sit with them at an in-person interview, a January survey by Resume Templates found. What’s more, over 35% of surveyed individuals reported parents either writing a cover letter or performing a test assignment for them.
Julia Toothacre, a career coach and chief career strategist at the survey group, said she had never seen parents this involved in their child’s job searches in the past.
Americans With Higher Incomes Are Starting to Fall Behind on Payments
As more Americans fall behind on their mortgage and credit-card payments, a new report sheds light on how financial stress is spreading beyond the lowest-income borrowers.
While credit-counseling agencies typically help low-income people restructure their debt and avoid bankruptcy, now people who earn higher incomes have been walking through their doors, according to the National Foundation for Credit Counseling.
The average client seeking help from credit-counseling agencies across the country now makes about $70,000 a year, with unsecured debt levels approaching $35,000, or half their annual income, according to the NFCC. Before the pandemic, the typical client enrolled in counseling made about $40,000 a year and carried $10,000 in unsecured debt, or roughly 25% of their annual income.
“This is 100% correct, please remember to be careful what you wish for…”
THE SILVER COUNTDOWN: 400 Million Ounces Demanded, 100 Million Available — Tick, Tock
Paper silver’s illusion is cracking as physical demand overwhelms dwindling inventories, lease rates spike, and global vaults drain. The clock is running out on the fiat price lie.
This is it. The moment we’ve been waiting for—not for months, but for years. The paper games, the gaslighting, the manipulation—they’re running out of runway. The market’s tolerance is gone. The silver paper house of cards is cracking, and what’s coming next makes history look tame.
February 2026 has set the stage. March will be historic.
Bill is interviewed by Dr. Dave Janda – (Also posted under Interviews)
Bill’s Commentary:
“A good read and charts on silver”
Why silver will reach a new ATH
The collapse in silver from $121 to $64 did not signal the end of a bull market. It marked the forced exit of reckless cowboys in the futures market.
On the COMEX, some traders control a full silver position with only five cents of their own capital and ninety-five cents borrowed. That is roughly 19 times leverage. When volatility rises and margins increase, positions built on that kind of leverage simply cannot survive.
If silver moves against them, these traders do not just lose money, they are forced out. Margin calls trigger liquidations, liquidations push prices lower, and lower prices trigger even more liquidations. What follows is not a collapse in physical demand but a mechanical flush of over-leveraged participants.
To my readers, I re-wrote this article with a question in mind: What is your view of Trump, and do you view Trump from either the left or the right? Do you view the world as seeing US Foreign Policy in the same way Trump does? And what about his abandoning of the New Start nuclear treaty. Does my analysis capture his reasoning? I look forward to your comments. Erik
BillHolter.com 