By Greg Hunter’s USAWatchdog.com - January 26, 2026

Bill Holter 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 . . .

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Holter contends if you look at all the commitment and debt, there is $200 trillion for the US. Holter says, “If you take just the $38 trillion in debt for the federal government and you want to back the debt with the 8,000 tons of US gold, you are talking around $200,000 per ounce for gold.”

In closing, Holter predicts, “There will be failure to deliver silver in the first part of March 2026. The currencies will zero out. It is a collapse of the entire financial system. . .. The real economy runs on credit. Everything you touch, everything you do . . . credit has been involved in its creation. If credit becomes unattainable, the real economy completely shuts down, and that is where your Mad Max comes in.”

There is much more in the 39-minute interview.