Bill Holter: The top two banks in the world alone have $150 trillion in derivatives. The amount of collateral they need to post to keep the game going overnight could be in the hundreds of billions of dollars. Where are they going to get that from? The Fed will not be able to put out this fire.”… $50,000 gold may turn out to be laughably low.

Will the U.S. be forced to do an audit to verify its 8,000 tons of gold if the Chinese reveal how much gold they have? Holter says, “The market place will say do an audit or we will keep selling the dollar. You very well could see an implosion. I have said for many years now that there is going to be an implosion. You are going to go to bed Friday night in a world that resembles the current reality, and you wake up Monday morning and everything has changed. You will be locked into your position. Markets are closed. . . . Think about the brokers or banks that have a huge amount of derivatives. . . . The top two banks in the world alone have $150 trillion in derivatives. The amount of collateral they need to post to keep the game going overnight could be in the hundreds of billions of dollars. Where are they going to get that from? The Fed will not be able to put out this fire.”

Join Greg Hunter as he goes One-on-One with gold expert Bill Holter, now of JSMineset.com.