Source: Holter/Zero Hedge

“Financial writer and precious metals expert Bill Holter is ‘not worried at all’ about the current price smash down for precious metals. Holter says, ‘We live in a world where all liabilities are more than all liabilities in history…If you see a house burn down, the only thing left is the foundation. That’s the only thing left because the foundation doesn’t burn. That’s what gold and silver are, and that’s what’s going to be left when this house of financial cards burns down.’….’The entire system is a liability. So, some people are getting some of their money out of the system into real money (gold and silver) which is no one else’s liability…The biggest thing is there is too much debt in the system. Everybody owes everybody, and all you need is one link in the chain to break. All you need is one entity that cannot make good on what they promised.'”

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