Failure to Deliver Gold & Silver Calamity Coming
Greg Hunter – 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. Continue reading