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Posted on 01/27/2026 5:13:24 AM PST by Tom Tetroxide
Financial writer and precious metals expert Bill Holter (aka Mr. Gold) has been predicting record high gold and silver prices. We are nowhere finished with record prices for the metals happening every week and sometimes every day. Mr. Gold now has a new prediction about paper exchanges not being able to deliver physical metal. Holter says, “We exploded through $100 per ounce silver, and we went through $5,000 per ounce on gold, but that’s not the story.
The story is there are already over 40 million ounces standing for delivery in January. January is a non-delivery month. If you go back in past years, you might see delivery in January that might be a million ounces, two million ounces or a small amount. We are already at 40 million ounces of silver in January with only a few days left in the month. March is a delivery month. That’s the month where I am going to be really interested to see what the number is for how much is standing for delivery at the beginning of the month. If you get 70 million or 80 million ounces of silver standing for delivery at the beginning of the month . . . that would be enough to knock out the inventory in March, which is a primary delivery month for COMEX..”
Holter goes on to say, “They reportedly have 110 million ounces to 120 million ounces registered for delivery. Is any of that incumbered? We just don’t know. If we get a failure to deliver that completely negates any and all value of a COMEX contract. . .. If the contract cannot perform, it is worth zero. A failure to deliver wipes out any credibility of COMEX pricing. . .. A failure to deliver in silver will immediately spill over into gold. A failure to deliver in gold will immediately spill over to the credit markets because gold is truly the anti-dollar or the anti-US Treasury.”
Holter says some of the big metal dealers and banks shorting the monetary metals are in financial trouble. Holter says, “This is all caused by rising metals prices, mainly rising silver prices. . .. Some people may think the rally is over, and it’s not. We are still early in this price rise. Any price you hear is going to be laughably too low, and I am going to include that $600 figure for silver that came out several years ago. I think any number you put out there for gold or silver will end up being laughably low.”
Holter contends if you look at all the commitment and debt, there is $200 trillion for the US. Holter says, “If you take just the $38 trillion in debt for the federal government and you want to back the debt with the 8,000 tons of US gold, you are talking around $200,000 per ounce for gold.”
In closing, Holter predicts, “There will be failure to deliver silver in the first part of March 2026. The currencies will zero out. It is a collapse of the entire financial system. . .. The real economy runs on credit. Everything you touch, everything you do . . . credit has been involved in its creation. If credit becomes unattainable, the real economy completely shuts down, and that is where your Mad Max comes in.”
There is much more in the 39-minute interview.
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IMF prepares for run on U.S. dollar
https://freerepublic.com/focus/f-chat/4364134/posts
It’s been a while since I “studied” this, but I recall the COMEX being able to settle the contract in dollars if there wasn’t inventory.
They would just say, “Thanks for waiting. We cannot deliver the metal, but here is its value in dollars. You can buy it elsewhere.”
Then they pick and choose who gets the metal and who gets the paper.
excerpt fyi:
We are still early in this price rise. Any price you hear is going to be laughably too low, and I am going to include that $600 figure for silver that came out several years ago. I think any number you put out there for gold or silver will end up being laughably low.”
Holter contends if you look at all the commitment and debt, there is $200 trillion for the US. Holter says, “If you take just the $38 trillion in debt for the federal government and you want to back the debt with the 8,000 tons of US gold, you are talking around $200,000 per ounce for gold.”
Thank you for that.
If correct, it sounds like COMEX would sell what is needed to generate the paper and make sure that real friends got the metal (if any).
The credit is running dry....
I see about $148000 per ounce to back the current US debt of 38 trillion by our presumed gold supply of 8000 tons.
https://bullionexchanges.com/blog/can-gold-erase-the-38-trillion-us-debt
Maybe gold has a long way to go in price.
I started reading about the whole silver market stuff in the early 2000s. I am drawing on those memories for the COMEX information. Obviously, they could have changed their contracts in the past 20 years or so. Ha Ha.
But, yes….your comment is how I understood it.
It harkens back to the old saying, “It’s a small club. And you and I aren’t in it.”
And when the credit markets collapse?
Who then is going to trust the COMEX to deliver the goods if they can’t deliver?
The large operators who actually get the metals?
I would imagine that the people who really “need” the metals are already in arrangements with miners/refiners to get their hands on what they need. The remainder are the “speculators” or “investors.”
Those groups will simply pass on the expense/profits to their clients.
Yes, the price will rise because of a tight supply. But the big dogs will continue t eat.
As Charlie Kirk would say in his opening monologue-—
BUCKLE UP. HERE WE GO!!!!!
” A failure to deliver in silver will immediately spill over into gold. A failure to deliver in gold will immediately spill over to the credit markets because gold is truly the anti-dollar or the anti-US Treasury.”
How would this affect gold and silver prices?
And what happens because of the credit markets? Does it affect interest rates? Value of currencies?
If silver goes to some astronomical number like 600+ what it
mostly will mean is that the dollar has devalued greatly.
10.00 loaf of bread
20.00/lb ground beef
etc
I say mostly since silver has been suppressed to keep the dollar looking pretty for many decades now so it has room to grow in actual value... so if say you bought a monster box at 10,000 and it goes up to 100,000 you won’t be able to buy 10x what stuff you could before but you might be able to buy 4x what 10,000 used to buy.
Some of the gains will be real and not simply inflation... but the dollars in your bank account will have diminished greatly :-/
The market may also simply inflate and remain relatively stable in actual purchasing value, or NOT.. it could collapse I guess.
I know diddly about economics when it comes to this, but isn’t the price of gold a direct indicator of the value of the US Dollar? IE: If it now takes 5000 dollars to buy 1 ounce of gold then the dollar has become very weak? Is that correct?
Gold used to be $20 per oz. long ago when the US dollar was backed by precious metals.
Going from $20 to $5000 shows you how devalued this fiat currency has become.
All fiat currencies have had a 100% track record of collapse. I think the US dollar is seeing its final days.
“If silver goes to some astronomical number like 600+ what it
mostly will mean is that the dollar has devalued greatly.”
That’s what inflation really is. Not the price of goods and services rising, but the devaluation of the dollar. It happens when dollars are printed at a rate that’s higher than the corresponding increase in the value of the economy (goods and services). That has been happening for decades now. The FED actually has it planned in with it’s inflation target that’s higher than zero.
Yes but they will pay with the paper value of silver not its real value...maybe 20% haircut...but as said who could trust comex in the future..force majuere???
Yes,COMEX will just come to you and offer to pay you off with dollars. They sweeten the pot by offering a premium. I’ve heard that they will soon just change the rules so that all demands get paid in dollars. Its going to get interesting for sure.
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