Author: kbillholter

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Bill’s Commentary:

“Anybody remember this gem?”

Bill’s Commentary:

“Oops!”

Please take all the time you need….. 

Bill’s Commentary:

“But Wolfgang, they keep telling me you cannot eat gold or silver? Bill”

Bill,

If people just understood one simple fact, they’d be lining up out the door to purchase physical silver and gold.

That fact is that precious metals are fungible.

We live in, and have always lived in, an inflationary environment.  America can’t live without inflation (case in point: the Fed is looking to achieve 2% inflation.  Not zero % but 2%.) So anyone with cash will always lose money.

Now we can protect ourselves by purchasing things now instead of later.  However, many of our daily needs are perishable.  You can’t load up and store meats, produce,  dairy products, etc. So what can you do?

Buy gold and silver. They keep up with inflation and can always be traded for perishable goods. You’ll never be at the mercy of having to pay higher and higher prices.  Even for non perishable items like car insurance, home insurance, medical insurance, autos, etc. 

There’s an old story that, throughout history, an ounce of gold could always dress a man in the finest garments from head to toe. The same applies for perishable foodstuffs. 

Now I understand why people like Jim Rogers, when questioned as to when he’ll sell his precious metals, says NEVER!

Wolfgang

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Bill’s Commentary:

“This is ridiculous W, a cash settled contract on silver “price” without any silver… Brilliant!”

Bill,

The reason for Silver’s pop above $90 this morning is Panic in the Pits.

The “Delivery Demand Dam” is about to burst and they are trying to divert demand to a non deliverable product.

Wolfgang

CME Group will launch its 100-ounce silver futures contract on February 9, 2026, pending regulatory review. This new offering aims to provide retail investors with a more accessible and cost-effective way to trade silver futures with less capital. 

Bill’s Commentary:

“Just wait a few months when commercial real estate loans cannot rollover… those will be some BIG CRACKS!”

Cracks Begin to Appear at the Nation’s Biggest Banks

For a year, Wall Street’s dominant theme has been the so-called K-shaped economy, in which the well-to-do have powered financial activity despite lower earners’ struggles.

This week, the nation’s largest banks reported a broadly disappointing set of quarterly earnings, the first stumble after a yearlong spree of rising markets and softening regulations paid off handsomely for the finance set.

Results at Bank of America, Citi, JPMorgan Chase and Wells Fargo all fell short of expectations, and their shares fell. Troubles ranged from delayed merger deals (JPMorgan) to stubborn expenses (Citi) to questions about the efficacy of artificial intelligence tools (Bank of America). Banks that do business largely with rich individuals and corporations, such as Goldman Sachs and Morgan Stanley, fared comparatively better.

Read more here…

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Bill’s Commentary:

“Which market is correct? COMEX at $92 or Shanghai cash market over $100? It’s OK to say it, you know the answer!”

Shanghai Silver Price in Dollars

The Shanghai Silver Price premium reflects the difference between the price of silver traded in Shanghai and that in other major global markets, such as London. This premium or discount can be influenced by regional factors like industrial demand, which is significant given silver’s extensive use in electronics, solar panels, and other technologies. Additionally, investor sentiment and fluctuations in the Chinese Yuan also play a role. A higher premium often indicates strong local demand or limited supply, while a discount may suggest a softer local market.

Read more here…

Bill’s Commentary:

“Who is on 1st base?”

Bill’s Commentary:

“Bill gets a bit irritated…”

Bill’s Commentary:

“A good one from Erik!”

The latest from Erik –

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Bill’s Commentary:

“Just relax, we saw this all the time when we were kids… right?”

The latest from USA Watchdog –

Left Going to Get More & More Violent – Larry Klayman
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Bill’s Commentary:

“The “naked shorts” conspiracy theory now has a smoking gun. Add this to conspiracy FACT!”

Bill’s Commentary:

“Yes W, 54 to1 is still wrong, a MUCH lower ratio is coming!”

Bill,

Toy with the numbers.

If there’s  4x as much aboveground silver as gold, then silver should be a quarter of the price of gold: a tad over $1,000.

Instead, the gold price to silver ratio stands at 54 to 1. (Should be 4 to 1).

Wolfgang

Bill’s Commentary:

“Therein lies the question: Can the Global South remain intact until the Empire implodes?”

The latest from Erik –

/ kbillholter / 5 Comments

The latest from USA Watchdog –

Cash Cut-Off Has Globalist Deep State Panicking – Alex Newman

Bill’s Commentary:

“Put this one in the plus category for President Trump”

The UN Goes Ballistic, Demands America Continue to Fund Globalist Agencies in Wake of Trump Pulling America Out of More than 30 UN-Connected Globalist Orgs

Freaking out, the U.N. responded to the Trump administration’s withdrawal of U.S. funding and participation from 66 globalist organizations, of which nearly half are U.N.-affiliated, including UNFCCC for climate, UNRWA, UNESCO, and other murky organizations.

The unaccountable bureaucrats insist the U.S. remains legally bound to pay dues to the U.N. regular and peacekeeping budgets under the U.N. Charter. Despondent, Secretary-General Antonio Guterres expressed regret over the decision, while spokesperson Stephane Dujarric emphasized that assessed contributions are a mandatory obligation for all member states, including the U.S., and that U.N. entities will continue their missions either way.

Read more here…

Bill’s Commentary:

“A good metals discussion from Michael Olliver. Michael has an excellent track record Jim held him in high regard!”

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Bill’s Commentary:

“Where the world’s silver reserves are”

All of the World’s Silver Reserves by Country, in One Visualization

Silver prices surged to new all-time highs in December, extending a powerful end-of-year rally supported by geopolitical uncertainty and a weaker U.S. dollar.

Silver futures briefly touched around $80, marking an unprecedented 160% rally in 2025 that outpaced even gold. Against this backdrop, understanding where the world’s silver reserves are concentrated provides crucial context for future supply dynamics.

Read more here…

Bill is interviewed by Stacking Surfer (Also posted under Interviews)

Bill’s Commentary:

“Erik’s latest…”

The latest from Erik –

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Bill’s Commentary:

“I have posted a couple of the AI “Asian Guy” videos in the past but cautioned there were some numbers and dates that were off and said I believed his logic is correct. AG released a video which I am mentioned in several times. I believe this video is an AI sweep of much of what I have personally said or written publicly.  Some of the dates and numbers are a little off, but I agree with everything in this particular video because I have publicly said these exact words. I believe this video is 100% spot on and thank whoever created it!”

Asian Guy does a Bill Holter video

See video here…

Bill’s Commentary:

“More on silver”

Silver Will Remind Us: We Are Deeply Dependent On The Earth

We live in a world that has engineered distance between us and the physical limits our ancestors once lived inside of. The constraints that shaped generations before us—weather, harvest, transport, salt, fuel, season, strength, distance, labor, time—have been replaced by one dominant modern restraint: money.

Money has become our proxy for limits, the translation layer between desire and reality. But somewhere along the way, we started believing the translation was the terrain. Constraints didn’t disappear—we outsourced them to systems so efficient we stopped noticing their fragility at all.

My husband grew up in a town with no road connecting it to the outside world. When his family wanted to slaughter a pig, they didn’t reach for salt in a pantry. They first rode horses to the salt flats, mined the salt by hand, carried it home, and then began curing the meat. Their survival depended on terrain, season, muscle, and community. Nothing was guaranteed. Everything required presence.

Read more here…

Bill’s Commentary:

“Dedollarizing…”

Gold overtakes US bonds as largest foreign reserve asset

Gold has surpassed US Treasuries as the world’s largest reserve asset globally for the first time in 30 years amid rising prices and aggressive buying by central banks.

According to new data from the World Gold Council, the value of gold held by foreign central banks is now approaching the $4 trillion mark, more than their approximate $3.9 trillion holding in US Treasuries. The last time that foreign institutions held more gold than US bonds was 1996.

Read more here…

Bill’s Commentary:

“Why, I thought gold was a barbarous relic?”

Bill,
This is getting interesting.  The crypto world's eyes have opened to accepting Gold as the only real money.
Wolfgang 
Stablecoin Titan Tether Wants Gold to Be Used for Everyday Payments—Here's How
Tether moved to establish a new unit of account for gold, arguing that transactions denominated in "Scudo" could simplify digital payments.

Tether’s XAUT may be worth $2.3 billion, but the stablecoin issuer says it owns much more gold than that. The firm said it held 116 tonnes of gold as of the end of Q3 2025, with that tally valued at nearly $17 billion as of Tuesday.

Read more here...

Bill’s Commentary:

“Some things never change…”

Janet Yellen warns the $38 trillion national debt is testing a red line economists have feared for decades

Two thousand years before the U.S. federal government’s debt crossed the $38 trillion threshold, the Roman Empire faced a similar-looking calculus: a state with increasingly expensive obligations and a very limited appetite for taxes. To pay for this discrepancy, emperors pursued a policy known as “debasement”: gradually shaving off the silver from the coins until the value of the metal became more about its symbol than the metal itself.

In practical terms, it was a way to pay bills without fully admitting the cost. The long-run risk wasn’t just hyperinflation, it was that once people stopped trusting the coin, everything else in the economy became harder to coordinate.

Read more here…

Bill’s Commentary:

“Full speed ahead for the Great Taking!”

Mass Tokenization of Assets In 2026: Is This a Set Up For The Great Taking?

In the latest episode of the show, we examine the DTCC’s recent announcement that it has received approval from the SEC to tokenize vast amounts of assets in 2026. Whilst this initiative is being framed as a modernization effort, it actually represents a significant consolidation of control when it comes to stocks and bonds, and a further erosion of our property rights.

SEC White Paper: https://www.sec.gov/files/tm/no-action/dtc-nal-121125.pdf

Whilst we were told digital ledgers and blockchain technology were a move toward decentralized finance, the reality is the exact opposite. That was merely the bait and hook, with Bitcoin being used to keep the masses from asking any difficult questions.

Read more here…