Independent German financial journalist Lars Schall talked with Bill Holter, who works for Miles Franklin, a precious metals investment firm in the United States, about the main driver of the price of gold; the current problems of the Bundesbank with “its” gold; and China’s heavy buying of physical gold.
By Lars Schall
Bottom line of Deutsche Bundesbank gold: The fingerprints are gone
Here’s the article that Bill Holter mentions during the interview, “It’s Gotta Be Close”.
Moreover, here is his initial reaction to the current gold problems of the Deutsche Bundesbank, Monkey Business!
Bill Holter wants to point out: “I said in the interview that the Fed lent out ’62 million times’ more money in 2008; my math was wrong, it was 62,000 times more.”
Bill Holter grew up in Connecticut and studied finance at UConn. He was a retail stockbroker for 23 years, the last 12 years as a branch manager for A G Edwards in Victoria Texas. He retired in late 2006 and moved with his family to Costa Rica for nearly 5 years. They moved back to Texas in 2011 in order, as he puts it, “to live with like-minded people when the financial system collapses.” He works for Miles Franklin, where he publishes regular market comments.