Holter predicts, “I think in a short period of time, you are going to see swings of $200 to $300 per ounce in gold and $5 to $10 per ounce swings in silver. From the standpoint of so much paper being sold compared to real physical metal, there is going to be a cash call. This will expose the fact that there are 300 or 400 paper ounces for every one real ounce that exists.”
In closing, Holter says, “Cash generation is slowing, and that is going to be a problem with servicing the existing debt. There is so much debt that it can’t be paid off. That is the problem. . . . I have said this many times, once the credit markets break, distribution will not happen and then it is credit game over.”
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