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If they'd dollar cost averaged their selling they'd have been sheltered somewhat.Some poor bugger sold too early.
This is my next listen, starts in 2 hours:
View: https://www.youtube.com/watch?v=wtDh4InvUiw
Bill Holter (https://billholter.com/) returns to Liberty and Finance for a wide ranging 2025 year in review and a sobering look ahead to 2026, covering debt expansion, credit market risks, and the accelerating breakdown of confidence in fiat currencies. Known as Mr. Gold, Holter explains why gold and silver were among the top performers of 2025 and why he believes the transition from paper markets to physical, cash based markets is now well underway. He details the implications of global backwardation, shrinking exchange inventories, and why a failure to deliver could permanently shatter confidence in futures markets like COMEX and LBMA. Holter also addresses unusually low premiums in pre-33 gold and constitutional silver, warning viewers about predatory pricing while outlining why these assets may prove especially valuable in times of financial stress. Finally, he shares his outlook for 2026, cautioning that an unwind of the credit markets could mark a decisive and volatile phase in the ongoing monetary reset.
INTERVIEW TIMELINE:
0:00 Intro
3:30 Backwardation
7:22 Paper vs physical markets
14:55 Pre-33 gold & junk silver
26:53 Banking system
28:15 IRA counterparty risk
30:56 2026 forecast
37:11 BillHolter.com
37:45 Weekly specials