Bill Holter’s Blog

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Bill’s Commentary:

“The EU and India moving away from Uncle Sam’s big bad stick?”

Breaking: EU and India Bypass SWIFT

The European Central Bank has entered new territory by moving to link its TARGET Instant Payment Settlement system with India’s UPI network, marking the first time the EU’s instant-payments infrastructure has been directly connected with a BRICS nation.

India and the Euro Area have agreed to begin formal work on linking the country’s Unified Payments Interface (UPI) with the Eurosystem’s TARGET Instant Payment Settlement (TIPS) rail, according to a statement released by the Reserve Bank of India. The move will create a direct cross border instant payment channel between INR and EUR retail systems once technical integration is completed.

Read more here…

Bill’s Commentary:

“Silver being remonetized into the system”

India’s 2026 Silver Bomb: The Great Remonetization

In a move that has stunned global markets and delighted advocates of hard assets, India has quietly detonated a monetary bombshell: the Reserve Bank of India (RBI) is bringing silver back into the financial system. Beginning April 1, 2026, Indian banks will be authorized to accept silver as loan collateral. It’s the first modern recognition of silver as a monetary asset since the metal was gradually sidelined from global finance a century ago. But this is no symbolic gesture—it’s a calculated strategy that connects household wealth, national reserves, and geopolitical realignment under one glittering metal.

A Policy Hiding in Plain Sight

Announced in late 2025, the RBI’s new framework signals India’s official “remonetization” of silver. Under the plan, citizens can pledge up to 10 kilograms of silver jewelry or coins as collateral for personal or business loans, with banks able to lend up to 85 percent of the value. The collateral must be returned within seven days of repayment—an essential safeguard in a nation where trust in financial intermediaries can waver.

Read more here…

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Bill’s Commentary:

“You might have heard this before?”

Two Investing Titans Issue the Same Warning

When Ray Dalio and Jeff Gundlach – two legendary investors with wildly different worldviews – start warning about the same thing, it’s worth paying attention. Both say today’s economy is distorted, and warn that “illusory wealth” may vanish when reality hits…

A question for you: In what world would billionaire investing legends Ray Dalio and Jeffrey Gundlach come to the same conclusion about the economy?

Answer: This one.

Now, if you’re not familiar with either of these financial giants, a little background may be useful. 

Ray Dalio is the billionaire founder of Bridgewater Associates, the world’s most successful hedge fund. 

Jeffrey Gundlach has been trading government debt so successfully for so long he’s called the “Bond King.”

Which means that these two men amassed their fortunes with wildly different philosophies and methods about how to do it.

And that makes it especially surprising that they’ve come to the same conclusions.

Read more here…

Bill’s Commentary:

“I did not notice the word vaccine in this article?”

Why screening for the deadliest cancer in the U.S. misses most cases

At the time, a primary care physician diagnosed the mother of three with pneumonia. But the antibiotics didn’t work and her cough persisted. During a camping trip in the summer, she coughed up blood. She kept losing weight. She wasn’t able to sleep.

Six months later, Creel, then 42, was diagnosed with Stage 4 lung cancer. She was active, a runner and a swimmer, didn’t drink, and had never even held a cigarette.

More diagnoses like hers are prompting cancer and public health experts to call for changes to lung cancer screening guidelines.

Read more here…

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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.

1/2

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?

2/2

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Bill’s Commentary:

“Can you sanction 185 countries to force them back under the thumb of the dollar?”

BRICS‑backed payments network now spans 185 countries

The BRICS-linked Cross-Border Interbank Payments System (CIPS) has expanded across 185 countries, allowing international payments in Chinese yuan without using the U.S. dollar, according to data from the New Development Bank (NDB).

CIPS was launched by China and managed by its central bank as “a real alternative for global trade settlements.”

At the Shanghai Oil and Gas Exchange, liquefied natural gas contracts are now priced for and paid in yuan. Same thing with soybeans from the Shenzhen Qianhai Joint Trading Center.

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Bill’s Commentary:

“FAFO karma!”

Kevin Spacey Reveals He Is Homeless After Losing $5.6 Million Baltimore Home to Foreclosure Amid Costly Legal Battles

Hollywood legend Kevin Spacey has revealed that he is homeless, having lost his lavish Baltimore property to foreclosure while dealing with the soaring cost of the legal fees involved in defending himself against a spate of sexual assault allegations.

Spacey, 66, was once one of the most sought-after actors in the industry, enjoying a series of major blockbuster roles, including appearances in “Se7en” alongside Brad Pitt and Morgan Freeman, and the sensationally popular political series “House of Cards.”

But after several claims of sexual assault and misconduct began being levied against him in 2017, the actor became a persona non grata in Hollywood—a stigma that has remained even after he was acquitted of all charges of sexual assault by a London court in 2023.

Read more here…

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Bill’s Commentary:

“Rayciss!”

Bill’s Commentary:

“This man is correct in the outcome, is he correct on timing? Listen to his voice, he believes his timing is correct and already taken action…”

https://substack.com/@anonymousmediagroup/note/c-178285635?r=eky4d&utm_medium=ios&utm_source=notes-share-action

Bill’s Commentary:

“One of Erik’s best ever!”

The latest from Erik –

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Bill’s Commentary:

“Do you doubt this?”

Bill’s Commentary:

“Growth?”

Container imports off 17.6% at leading US port

The Port of Long Beach is moving containerized cargo ahead of the record-setting pace achieved in 2024 despite weaker demand that saw October volumes drop by nearly 20% from a year ago.

The hub, which along with the Port of Los Angeles forms the San Pedro port complex, the nation’s busiest, moved a total 839,671 twenty foot equivalent units (TEUs) in October, down 14.9% from October 2024 – the strongest month in its 114-year history.

Imports declined 17.6% to 401,915 TEUs and exports dropped 11.5% to 99,817 TEUs. Empty containers, an indicator of future import shipments, decreased 12.6% to 337,940 TEUs.

Read more here…

Bill’s Commentary:

“I had not heard about this on mainstream media?”

Bill’s Commentary:

“Pathetic!”

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The latest from USA Watchdog –

Ukraine Peace Deal or Get the Hell Out of NATO – Martin Armstrong

Bill’s Commentary:

“The paper silver market explained for a 5th grader…”

Bill’s Commentary:

“This story is all over the web, is is true? We will know when markets open Monday AM!”

China Just Froze Silver Deliveries & The Market Shift No One Is Ready For – Weekly Report

https://wallstreetgold.substack.com/p/china-just-froze-silver-deliveries

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Bill’s Commentary:

“Here we go again, new boss same as the old boss!”

Bill’s Commentary:

“The most overvalued equity market of all time!”

Bill’s Commentary:

“Some Erik weekend reading”

The latest from Erik –