Saturday, October 10, 2015

Fed Has Lost Control - All That's Left Is A Reset


Gold expert Bill Holter says, "All that's left is a reset," and the Fed is now helpless to stop the coming global financial calamity. This is not going to just be a financial problem, but a problem getting things you need to live. Holter says, “These big stores get stocked up every single night. . . . The average store only has food for about two or three days. So, this is not going to just be an issue about you paying your bills. It’s going to break down so badly it is going to be an issue about whether or not you can get food.”

On gold and silver, is this the bottom? Holter says, “To answer your question, yes, I think this is the bottom. Can they push the price down again? It’s possible, but like you say back in 2009, silver on the COMEX was trading just under $9, and to buy retail metal, you could not get anything under $15. . . . The physical market has hit a hard bottom.”


Subscribe to our Free Gold & Silver Financial Newsletter