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Jason Burack of Wall St for Main St had on first time guest, precious metals analyst and expert, Bill Holter.
Bill Holter writes and is partnered with Jim Sinclair at the newly formed Holter/Sinclair collaboration. Prior, he wrote for Miles Franklin from 2012-15. Bill worked as a retail stockbroker for 23 years, including 12 as a branch manager at A.G. Edwards. He left Wall Street in late 2006 to avoid potential liabilities related to management of paper assets as he foresaw the Great Financial crisis coming. In retirement he and his family moved to Costa Rica where he lived until 2011 when he moved back to the United States. He was a well-known contributor to the Gold Anti-Trust Action Committee (GATA) commentaries from 2007-present. Bill has retained a working relationship with Miles Franklin and can help with any of your precious metals needs including storage.
During this 25+ minute interview Jason asks Bill about the inflation/deflation debate. Jason and Bill talk about how the mainstream media and experts like Harry Dent talk non stop about deflation while people’s grocery bills, healthcare bills and asset prices have soared higher.
Bill thinks people will suffer a double whammy where their bills continue to rocket higher while asset prices fall.
Jason and Bill discuss the emerging markets and how many commodity currencies and emerging markets might experience currency problems and massive devaluations even more than they currently have.
Jason and Bill talk about the Gold:Silver ratio and how out of whack it is and why the current ratio favors silver. Bill thinks silver is the most stupidly undervalued asset on the planet.
To wrap up the interview, Jason asks Bill why Russia and China haven’t pulled the plug yet on the US Dollar as the sole WRC?
Bill says it’s very simple. As long as China can continue to accumulate undervalued gold from the US and the West they will allow the current system to keep going.