Bill Holter on Gold & Silver's Sharp Monday Selloff, & Russia Firing Hypersonic Missiles

The podcast discusses the escalating conflict between Russia, Ukraine, and the US, particularly the use of hypersonic missiles by Russia and the implications for global markets. It also analyzes the potential impact of Trump's cabinet picks and the possibility of a gold revaluation, concluding that the current financial system is unsustainable and heading towards a crisis, possibly exacerbated by a shortage of physical gold and silver.

Russia's Military

• 00:00:00 Russia fired a hypersonic missile in response to the US authorizing Ukraine to use missiles within Russia, showcasing a powerful military advantage. This event highlights Russia's advanced weaponry, which the US cannot currently defend against, potentially shifting the global balance of power. Putin's actions also put the world on notice that Russia has a formidable military capability.

Ukraine War

• 00:04:37 The Ukraine war is viewed as a grinding war of attrition unlikely to result in a Ukrainian victory. The US's depleted ammunition stockpile and reliance on China for critical materials have exposed vulnerabilities, underscoring the limitations of US military capabilities. The conflict has become a matter of how much more life and resources are poured into a conflict unlikely to change outcomes.

Gold & Silver Selloff

• 00:10:48 The gold and silver markets experienced a sharp selloff on Monday, with gold down nearly $100 and silver down over 3%. This selloff is attributed to short covering by banks, who anticipated a momentum shift in the markets based on technical indicators. Despite the downturn, the speakers predict that gold and silver prices will reach new highs by the end of the year.

Gold Revaluation

• 00:23:53 The podcast discusses the possibility of a gold revaluation as a potential solution to the US's massive debt problem. This could involve the US government revaluing its gold reserves, potentially leading to a significant increase in the price of gold. However, there are doubts about the practicality of this plan due to the likelihood of the US not having the stated quantity of gold and the magnitude of the required price increase.

Central Banking

• 00:28:56 The discussion touches upon the credibility and sustainability of central banking practices. It explores the use of inflation as a tool to pay off previous investors in a Ponzi-like manner. It also mentions that central banks are facing insolvency due to rising interest rates, leading to a weakening of their balance sheets and ultimately an unsustainable system. The conclusion is that the current monetary system is unsustainable and may experience significant shifts in the near future.