By Greg Hunter’s USAWatchdog.com - November 4, 2025

Bill Holter (aka Mr. Gold) said a month ago that rising “gold and silver prices were sniffing out risk.” It looks like the Federal Reserve is also smelling some risk. It recently (quietly) flooded the banks with a $125 billion injection of liquidity in just five days. The cash went into the repo market. Mr. Gold says, “This is just a tremor, the cash going into the repo market. Understand that there are more derivatives outstanding, and there is more debt outstanding. Whatever metric you want to use to measure it, there is more risk in the system now than any time ever. Go back to 2008 and 2009, and we were very close to a complete meltdown with markets not opening up on Monday morning. They started hand-wringing over $700 billion in TARP, while behind the scenes, the Federal Reserve created $16 trillion or $17 trillion and lent it all over the world. It didn’t right the ship, but it did stop it from sinking. I ask you, has anything changed or has anything been fixed? Did they address any of those problems we had back in 2008 and 2009? The answer is no. In fact, they double, triple and quadrupled down on those same policies.”

Mr. Gold goes on to say, “They are trying to fix a debt problem with liquidity. The liquidity is like a Novocaine shot. It makes things feel better temporarily, but it does not fix the problem. The problem is there is too much debt outstanding by any metric . . .

[SNIP]

In closing, Holter says, “Get your capital out of the system.” Buying physical gold and silver is getting cash out of the system and putting it under your direct control.

There is much more in the 45-minute interview.