February 13, 2025 • 48 mins
Tony Arterburn, DavidKnight.gold, joins
- Gold Prices Soaring as there's a noted disappearance of gold from various vaults around the world, with countries like China and Russia facing runaway demand, and even London markets showing signs of gold being reallocated or repatriated.
- Paper vs. Physical Gold
- Political Influence on Gold
- Silver Market Insights: a curious dynamic where institutions are buying up silver while retail investors are selling off their holdings, possibly due to economic pressures, which might not reflect true market demand
- Penny Cancelled: a harbinger towards a cashless society?
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 2 (00:07):
and now tony arteman is joining us of wise wolf gold
and, of course, you can getthere through david knight dot
gold.
That'll let him know thatyou're coming through us.
And it has been a whirlwind ofevents, hasn't it, tony, over
the last couple of weeks.
It's been two weeks since we'vetalked to you and it's amazing
how much things have changed.
Um, I don't remember what theprice of gold was when we talked
two weeks ago, but it's beensetting all-time highs all the
(00:29):
time.
Where is it today?
Speaker 3 (00:30):
Oh, let's check really quick.
Spot price for gold 2,914Luciferian Bankster notes make a
troy ounce of the yellow metalas of right now.
Wow, and of course it's the.
You know.
Look, 13th of February 2025,look back and I think this will
be seen as the era of cheap gold.
Honestly, david, this continuesto break out and break all-time
(00:54):
highs and I remind the audience, there wasn't an all-time high
between 2011 and 2020.
There was no all-time high andwe've broken the all-time high
for gold against the dollar over30-some-odd times in the last
year alone.
So this is a trend that's onlygoing to continue.
And I want to talk to you todayabout disappearing gold
(01:17):
inventory around the world indifferent vaults, the Chinese,
the Russians, the London markets.
It's being re-evaluated andreallocated all over the world.
It's a really interesting one.
Speaker 2 (01:31):
And you've talked about this for the longest time,
you say.
You know we talked about thepaper gold.
I read a long article earlierthis week about silver and a guy
recounted his experiences Iforget what year it was, but it
was right after the GreatRecession.
And you know they said, well,we want to take some delivery of
(01:51):
silver, and what should havetaken five days took us
something like nine months orsomething right.
And he talked about thedifferent excuses that they made
.
They kept putting it off andeverything.
But we're seeing that it offand everything, but we're seeing
that.
And I think it was after thelast time I talked to you.
You and I have been talkingabout for the longest time about
paper gold and paper silver,the Shanghai Gold Exchange and
(02:12):
how well, we don't really thinkthat all that stuff is there.
It doesn't seem to move.
And sequence with gold whengold makes big moves, it just
kind of stays the same.
Sometimes it goes in adifferent direction.
Something is weird going onhere.
And you said, yeah, I thinkwe're going to find out that
they don't have all this stuff,and when we find out, then
that's really going to shake upthe market.
(02:33):
Well, then we had the LondonMetals Exchange and you know
they can't.
A lot of stuff is beingrepatriated and you were the
actually you mentioned that twoweeks ago and you said I'm going
to break this news here what ishappening in London.
And you said I'm going to breakthis news here what is
happening in London.
And I'm still not sure as towhy so much stuff is being
pulled back into New York.
Has anybody come up with amotivation for that?
Speaker 3 (02:53):
Well, there's speculation that Trump may do
another executive orderoverriding FDR and Nixon,
returning us to some sort ofgold standard.
I don't believe that, by theway, but there's a lot of rumors
floating around.
Because of the flurry ofexecutive orders and some bold
moves being made, you're goingto have to do something radical
(03:15):
to stabilize the dollar as theworld continues to de-dollarize,
so those things might besimulated on the table.
I don't know, but that has todo with tariffs, david.
This is so.
We always knew that somethingwould happen.
Some event would would triggerthis exposure of paper gold
(03:36):
versus physical gold in thebullion houses, and the West has
been playing a dangerous gamesince the late 1970s, where I
believe and I've interviewedStuart Angler, who wrote the
book Rigged I do believe thatthe powers that be in the
central banks collude with thebullion houses to ensure that
(03:56):
the price of gold does notcontinually expose the weakness
in the dollar.
That's the game behind all ofthis.
You're talking about the storywith the Canadian buyer, about
silver after the Great Recessionand how that exposed what was
wrong, and if you remembersilver and gold, that's when
(04:17):
gold reached over $1,900 anounce.
This is 2011.
And silver went up to close toits all time high of around $50
an ounce.
And that's when Ben Bernankecame out and said oh wait, wait.
Well, this, this is going to becalmed down.
We won't do TARP again.
We won't do these kind ofinjections.
There's going to be regulation,we're going to fix all this and
(04:37):
the markets calmed down.
And that was that's.
That's a long time ago.
You know that was, I think, thedebt of the US around there was
around $11 trillion, so itseems pretty quaint in those
times.
We've long since crossed theRubicon of massive quantitative
easing and currency injection.
So I think what's really beingexposed here, david, I think, at
(05:01):
the end of the day, is that thebullion houses are going to see
a record number of orders beingsent in to say give me my gold
and they won't be able to makeit.
So it's really the tariffscausing the repatriation of
physical gold around the worldand the uncertainty of the
(05:24):
tariffs being placed on onincoming products into the U S.
All of this is creating chaos,that that little bit of chaos,
and I was thinking of uh, youcall it a black, a swan, you
could call it a black gone event.
This is a you've got.
Donald Trump is going to injectthis chaos and this could be
(05:45):
the trigger that brings in theentire revaluation of precious
metals.
Speaker 2 (05:50):
Yeah, he is a chaos agent, and isn't it interesting
that he has as his treasurysecretary the guy that was
leading the effort for Soros tobreak the Bank of England, and
so he's bringing him in astreasury secretary.
It's like, hold on, it's goingto be a wild ride coming up in
the next couple of years.
I tell you.
It's amazing how quicklyeverything is changing and again
(06:15):
he is there as an agent ofchaos.
I'm absolutely certain that'swhy they installed him.
Speaker 3 (06:21):
That's what it appears to be, and would we be
watching this price move if ithad been a different outcome in
the election?
I still think we'd be marchingtowards $3,000 an ounce gold, no
problem, it's just that thereasons are different and it
doesn't really matter.
The fundamentals of what causesthe price spike in precious
(06:41):
metals are all there.
We definitely can't explainsilver just yet, but I think
those things are about to cometo a head as well.
Because of the above ground,supply doesn't meet demand and
if the contracts for papersilver continue not to be
fulfilled, all bets are off.
(07:02):
You're no longer going to beable to see it's $32.23 an ounce
right now for silver.
That's so insanely cheap.
Given the debasement of thedollar over the past 50 years,
it's insane.
And again I remind people, theall-time high for silver was
$52.50 an ounce in 1980 and$52.50 in 1980 is like $300
(07:26):
today in purchasing power.
I mean, I don't know the metric, but it's, it's off the charts.
So we're precious metals, inthe face of currency debasement,
especially with the dollar, arestill insanely cheap even with
these all time highs.
Speaker 2 (07:38):
Yeah, yeah, there was a listener who sent me a
YouTube video.
I mentioned it briefly.
I'd like to get your commentson it.
So guy's got a channel.
He calls it Silver Seeker.
Maybe you're familiar with it, Idon't know, but he was at a
coin show and I don't know if itwas strictly silver, if they
had other stuff there.
But you know they're sellingcollectible coins but then also
(07:58):
just selling regular rounds andthings.
And so this guy went to allthese different dealers and most
of them would speak on recordon the camera.
But then there was another twoor three that he said they
didn't want to go on record.
But this is what they told me.
But they all said I'm just notselling any silver.
And he goes everybody wants tosell it to me and they're coming
(08:19):
in and cashing in stuff, and soit's really strange the price
of silver is going down.
The guy who sent it to me said,yeah, when nobody wants
something that's got value,that's the time to accumulate it
.
What is your take on that?
Is that what you're seeing atWise Wolf?
Speaker 3 (08:32):
Yes, it's absolutely bizarre.
The prices are moving upwardbut at the same time the average
consumer, the buyer that Inormally have, isn't there, and
so I wonder that doesn't supportthe economic theory of supply
(08:54):
and demand, except for there isdemand and it's institutional.
So that's what you got to watch, the reason I've made so many
trips to the, the trading floor,and it's been a wild ride the
last 120 days.
I've never seen my businesslike this.
In the entire time I've beenopen, people selling to me
things I, you know, normallydon't buy lots of, which is like
(09:15):
the larger silver bars thoseare for people to keep long-term
Like.
When people come to me and theysay, well, I want to store
silver long-term, I generallyput them in larger bars.
I'm like well, just, you know,let's get as many ounces as you
can for your dollar If you'renot going to be using it to
trade or anything like that.
People are selling me a lot ofthat kind of stuff and, um, the
buyers that normally are therearen't there.
(09:36):
Now we've had an uptick, uh, inthe last couple of weeks.
It's been great for forindividual buyers.
But that is a very apt analysisof what's actually happening.
I can call the big brokers.
I talk to them all the time,every single day.
They see the same thingEverybody's selling and the
(09:57):
prices are declining.
The prices are going up, and soI would tell people in the
audience if you're smart, you'lllook and see.
And so I would tell people inthe audience if you're smart,
you'll look and see.
You know again, look at theprice and then see that that has
a demand.
Somebody's buying it.
It's banks, folks you know.
I remind JPMorgan Chase is thelargest holder of silver in the
world.
They were convicted ofsuppressing the silver price, so
(10:23):
wrap your head around thatAgain.
All of this it was really aboutinstitutional central bank
buying, whether it's silver orwhether it's gold.
I mean, russia just put silveras a strategic reserve asset on
the books.
They're the first country to dothat really, since the Chinese
were primarily the holders ofsilver in the 20th century,
(10:44):
early 20th century.
So this is an interesting time.
I still think that the pricesare insanely low, but when you
see people not buying and that'sthe problem right now with
precious metals is people areselling like crazy, but
somebody's buying it, and that'swhat I would remind people.
It's something you should lookat when the big, when the big
(11:07):
banks and the institutions arebuying.
You should probably think aboutit.
Speaker 2 (11:12):
And I think some of this is going to be due to the
fact that individual consumersare feeling the pressure of
inflation and that's why they'recashing in on this even though
the price is low.
And this, even though the priceis low, you have to do it if
you've got to cash in so thatyou can pay your taxes.
That's one of the things hesaid.
Some guy came in.
(11:32):
I asked him why are you doingthis?
He says, well, I've got to paytaxes and so I'm cashing in a
bunch of silver to do that.
But things are getting hard forindividuals and yet the big
institutions, the big banks,they see the value that is there
and so they're profiting atother people's expenses.
Speaker 3 (11:51):
I absolutely agree.
I totally understand that andthat's why my company exists.
I'm happy to buy the product.
I'll buy everything.
That's not an issue.
I just found it to be highlystrange the percentage of
selling to buying, that I'venever seen before.
That's what caught my attentionand you are correct.
There's inflation, there'seconomic uncertainty.
(12:12):
It's harder and harder to keepup with your bills when your
dollar buys less and less, hasless and less purchasing power.
I totally understand that andthat's why we're here and that's
why I'm happy to help peopleout.
So I wanted to add that I mean,I'm not.
I'm not unhappy at buying that,I'm just I think that that
people might miss out and it'sone of the reasons why we have
(12:34):
Wolfpack starting, you know, atlow, getting low entry level.
If you can just set somethingaside to accumulate precious
metals, you're still going to beahead of the average person.
Really, where we're headed withde-dollarization and the reset
of the financial system, it'sgoing to get really ugly for the
average person, unfortunately.
Speaker 2 (12:55):
I agree.
Yeah, doug O'Lugg says I've gota wolf pack on the way to me as
we speak.
Angry Tiger, what we're justsaying?
He said people are sellingtheir silver to make ends meet,
just like they're puttingthemselves in debt with credit
cards.
It's just a necessity, becausewe were looking at how much
things have gone up eggs and allthe rest of the stuff and of
course it's bird brain flu, it'snot the USDA.
(13:18):
These are things that are beingdone to us.
But when we were talking aboutgold, we got up to what was the
high that it got up to?
Is it like twenty, nine, sixtyor something like that earlier
this week or somewhere aroundthat area?
Speaker 3 (13:32):
Right, right at that, david.
I've looked and you know youhave different markets,
different spot prices will giveyou different readings, but
around that it was reachingreach rarely close to $3,000 an
ounce and I don't think that's.
You know, this has been talkedabout.
You know Citibank was callingfor $3,000 an ounce gold back in
(13:53):
2021.
So I think this is probablylong overdue.
And if there wasn't papermarkets, if there wasn't this
sleight of hand, if there wasn't, like you know, I mentioned
we're talking about silverearlier it's estimated that for
every 250 ounces of silverthat's traded in the markets,
(14:15):
only one exists in the realworld.
It's about 250 to one andnobody really knows what the
gold ratio is for paper.
But I think that really isgoing to.
You're going to see an exposurethere.
Like I don't think they'veplanned on it.
The one thing that I don't thinkthey counted on was anything
like tariffs in the modern youknow Western liberal economies
(14:38):
that we've all.
You know that we have toworship the god of free trade.
By the way, it's a god thatfailed and you know they have to
continue to bow down to it Nowthat, all of a sudden, all those
bets are off because of theirfailures and the political
upheaval.
It's a variable and it's throwna wrench into the system, so I
(14:58):
think this could have acascading effect in the short
term, not to mention the longterm.
But in the short term I thinkyou'll see a run up to $3,000 an
ounce gold.
Silver will probably break outhere very soon Again, not
investment advice, but silverwill break out, I think, very,
very soon.
Something's going to happenthat will be a trigger event.
Maybe delivery is not made withnation states, large banks,
(15:23):
something will happen and againsomebody is buying.
So I wonder if they're runningthey got to be running these
simulations at some level sayingokay, well, if we accumulate
here, we see the pricefluctuations given you know two
or three quarters down the roadfor a big reset.
So that's.
I would pay attention to that.
Speaker 2 (15:43):
Yeah, I remember back in the fall, you know, when it
was looking like, you know, lalawas getting a billion dollars
all at once and the media ispouring on the charm offensive
and everything for her took alot, but the you know.
So they were saying, well,we're going to have gold up
around 3,000 the first quarternext year, right, this year,
(16:06):
this quarter.
And here we are in the middleof the quarter and we kind of
kissed 3,000 at 2960.
And then, when Trump won,everybody OK, good, it's going
to be great economic times.
Now we don't have to worryabout any of this stuff.
Plus all the crypto thing.
Crypto gets this massive boost,because now he's going to flip
(16:27):
the switch and they're going togo in exactly the opposite
direction.
Instead of attacking crypto,they're going to boost it.
And so, you know, I put thatcommercial together before
Christmas.
You know, like, the Trumpeuphoria is there, right, but as
you and I were talking aboutthen, nothing had fundamentally
changed.
And you've had BlackRock.
He says, well, what we're doing, it doesn't really make any
difference whether it's La La orwhether it's Trump.
(16:48):
It isn't going to make anydifference to what we're doing.
The fundamentals didn't change.
But it's amazing, the grouppsychology that was based on the
election.
But now here we are back towhere the fundamentals were
going to take us all along, andthat is coming up to 3,000.
And so, as we look at this, andwhat is the story in the past
(17:10):
years has been the fact thatcentral banks were buying gold
and accumulating that a lot.
Now the story is rapidlybecoming where is the gold?
And you know who's got the gold?
Who stole the gold?
This headline here from KitcoBricks banks are bleeding gold
bars, china and Russia facerunaway gold demand and then
(17:32):
London can't find it.
You know, and others I mean,this is the story and this is, I
think, a bigger story than youknow the underlying fundamentals
that are driving it.
You know inflation and thingslike that are driving people to
gold, and then people can't findthe gold because there's this
fiction that you've been talkingabout.
Speaker 3 (17:52):
Well, I'll add to that South Korea suspended sales
of bullion.
They're not part of BRICS, butthis is international and, in
the fundamentals, all existed.
Even after the Trump election,there was a lot of selling off.
I love the commercial that youput together.
There's a sale on silver andgold.
(18:14):
People started selling off toget into the markets and things
like crypto, which is good.
I mean, there's going to bestill a crypto revolution with a
question mark hanging over it.
I think that it could be greatfor everybody.
However, the rest of the worldstill exists.
I would add that that's what'scausing the spike in the price
(18:35):
of gold.
Fundamentally, as you mentioned, the BRICS banks.
That's an article that's up onKitco and I read that this
morning.
You know Russia and China, butwhen you read into that, that
article, david, you know whatit's mentioning is that the
people they're selling it to thepeople of those countries.
That's why they're running downon inventory, because everyday
people and institutions and then, of course, the Chinese just
(18:56):
recently made it legal for theinsurance companies to hold gold
on their balance sheet at about1%.
These are massive moves, andwhen you take something like
gold and physical gold andrealize that it's not as
plentiful as you would believe.
Looking at all the stuff likeGLD or SLV, with the paper
(19:17):
markets and the ETFs and all theexchange traded stuff.
When that is exposed it'sactually a precious metal.
It's harder to find and it'sbeing accumulated more and more
by big institutions.
There's going to actually aprecious metal.
It's harder to harder to findand it's being accumulated more
and more by big institutions.
There's going to be a supplyshock.
Speaker 2 (19:32):
It's much like.
Speaker 3 (19:33):
Bitcoin.
That's going on with the ETFs,but even more so because the
people and this is you knowgold's been a part of the human
story since the beginning oftime and it always will be so.
I think, more and more, you'regoing to see a reevaluation of
prices, and it has to do withthe demand for physical gold.
That's going to be the newthing.
(19:53):
It won't be that.
It's a trust factor, yes, and Ithink trust around the world is
diminished.
You know this is, and you talkabout a fourth turning, and what
happens at the culmination of afourth turning?
It's a destruction of previousinstitutions and their power, or
what power sway they had, andso that trust is waning right
(20:18):
now.
We'll be replaced by somethingelse.
As a matter of fact, I called ita few months ago I think I was
on tinfoil hat and I said look,I'm going to go ahead and say
that the dollar has already lostthe world's reserve currency
status.
Gold is the world's reservecurrency Again.
It's just just not yet, it'sjust on paper.
You know.
(20:38):
You're still seeing that.
You know the dollar is thenumber one held asset by central
banks.
Gold is the number two.
It's supplanted the euro lastyear or so?
Well, I just read an articleand other analysts are saying
the exact same thing.
They're like well, the gold hasalready supplanted the dollar.
(21:01):
It's just a matter of time andtrading and other things and
balance sheet recognition ofthat.
So we're already in an era ofgold, absolutely, and this is
just, you know, the the all timehigh of dollar against gold.
The train has left the station.
You're not going to people ifyou're waiting on the fence
saying, well, I'll just waituntil we get back down to $2,000
an ounce gold, which you know.
What was the price of gold whenI started talking to you, david
(21:25):
?
Let's see go.
You know we should look that up.
It was probably November of2019 was the first time I think
I ever came on your show.
I believe the price of gold wasabout $1,300 an ounce, $1,400
an ounce something like that.
Speaker 2 (21:38):
I'll look it up, but it wasn't $2,920.
I want to go back to what yousaid about South Korea.
You said they stopped the saleof gold.
Exactly what did they do?
Did they stop the private salesof it or did they stop the
central bank from getting rid ofit?
(21:59):
I mean, the central bank'sprobably not trying to get rid
of it.
What did they do to stop thesale of gold?
Speaker 3 (22:04):
It seems to be on the market, on the trading markets.
It might be just with their uh,with their, their exchange.
Stop the sale of, of of bullionbars, of uh, of of physical
gold bars.
Speaker 2 (22:19):
Is it like a temporary thing?
Like you know, they put stop atrade If something starts really
falling or rising reallyquickly.
The stock market might.
Speaker 3 (22:26):
I think that's the reason why, because if you, if
you, if you see a run onsomething, and then all there's
a supply shock and the pricewill far exceed, you know, all
the things that are in paper.
See, that's another thing isthese prices are going to start
putting so much pressure on thepaper gold.
I think it's all going to comeunraveled, especially when
(22:49):
things aren't.
You can't take, they won't senddelivery and they keep making
excuses.
There's going to be a flurryand then that is going to cause.
I think gold always comes inwhen there's fear and mistrust.
I think it's it's it's acompounding snowball effect and
I don't think it's going to getbetter.
Speaker 2 (23:05):
No, no, and you know.
So you know China had stoppedaccumulating gold with the
central bank for about sixmonths and now they're back in
it.
But, as you pointed out and Imentioned it a couple of days
ago they're now pushinginsurance companies to get it,
and not only allowing them toget it, but pushing them to
start to hold gold, because Iguess they're.
You know, you need someinsurance for the insurance
(23:25):
companies to be able to pay thisstuff off.
So it truly is amazing.
I got a couple of comments here.
Dougalug said 2008 gold was$700.
Yeah, militant, milinkovic says.
From my experience in workingin the tech industry, silver is
used in a lot of things, fromoptics to chip making.
That's right, and that's partof it, though that you know it
(23:52):
is an industrial, heavily used,industrious metal and if we have
a recession where things startgoing down, that's the other
component that comes into thesilver market.
Right, because it is so heavilyused in manufacturing.
If people aren't manufacturingstuff, that's going to cut down
some of the use, right?
Speaker 3 (24:10):
Well, that, and I would point people to a
phenomenon called urban goldmining that will be going on
when we hit three thousanddollar an ounce gold, david,
there will be so many peoplelooking for gold in their own
backyards into garage sales.
Speaker 2 (24:22):
Uh, you know karen, we just had.
Karen just had a tooth pulledthat had gold.
Speaker 3 (24:27):
I buy teeth all the time.
Speaker 2 (24:30):
Well, maybe we'll send that to you.
It was.
It was not a voluntary issues.
It's a great deal of pain tohave that thing taken out.
Speaker 3 (24:37):
People send me teeth all the time they're like what's
that worth?
And usually it's 14 to carrotor so and you know there's got
to account for a lot of timesthere's um, uh, enamel and other
things in it, but you know forthe weight.
But it's usually.
You know I buy teeth all thetime the dentist have sold me
teeth.
It's a, it's a, it's anadventure in the gold and silver
(24:58):
business I've, uh, one of thefirst times I somebody bought
sold me teeth in San Antonio Ijust opened my shop and they
just dumped this bag and itstill had teeth on it.
Speaker 2 (25:06):
Wow, that's crazy when you're down in the mouth,
you can always sell that goldthat's on your teeth, I guess.
Speaker 3 (25:14):
Well, yeah, and it's universal.
You know, electronics, medicine, you name it, jewelry it's.
It's just such a part of ourstory.
So I was asked the other daylike what is money?
And I said, well, money issomething that holds intrinsic
value outside of any economicsystem.
It has to be scarce, it has tobe measurable and it has to hold
(25:37):
value in the face of everything, even an economic collapse.
And that's what, to me, that'swhat gold and silver are.
They still are used in thingsway beyond monetary uses, where
they still are used in thingsway beyond monetary uses.
So that's why the dollar or thefiat currency, aside from being
truly evil, has no value.
It's fake, you know, it's afunhouse mirror version of what
(26:01):
actual money is.
And I think that that experimentsince 1971 is coming to an end.
I mean, it's not tomorrow, uh,but that's why they call it a
great reset.
That's why, you know, everytime I I talk about this is like
the super elite, the davos set.
They know this.
And, uh, you know, bloombergsaid it best.
You mentioned this all the timehe's.
(26:21):
We have to, you know, givepeople something, do something,
so they don't come after us withguillotines.
Well, yeah, that's what they'redoing something.
They got to figure outsomething to reset the system
without getting guillotine, andthat's what I think they're
looking at doing.
It's either return to gold orrevaluation of currencies, and
that's what BRICS has, I think,been doing this whole time is
(26:44):
just accumulating things likegold for a currency reset.
Speaker 2 (26:49):
I agree, I agree.
Yeah.
Angry Tiger, talking about hardtimes, said a friend of mine is
a business owner and has beenhoarding silver for years.
He's been selling it off latelyto keep his business afloat.
We're getting into some hardtimes.
Wes Robertson said centralbanks have been buying gold
around the world and willcontinue to manipulate the
prices.
And that's silver and gold.
(27:10):
That's part of it.
The ETF stuff is part of it.
But again, you know, when thatETF scam blows it's going to
blow big.
You've been talking about thatfor a long time, gard Goldsmith.
Good to see you, gard says.
I'm curious to see what Tonyand David think about the silver
use when the solar et ceteragets cut back.
What do you think about that?
Do you think we're going tohave any solar cut back or are
(27:32):
they going to continue pouringmoney down that hole Because
it's a big, big user of silver?
Speaker 3 (27:41):
I think that just worldwide demand and solar may
have a huge fallback.
We may see that and that'sprobably more likely than not.
But you still have the massiveamount of demand for EVs and
battery technology and otherthings that, at silver, in no
way, shape or form, is valuedcorrectly.
As I mentioned all the time,you got 200 million ounces
(28:05):
deficit minimum every singleyear, so they have to take from
the above ground supply.
It's only increasing, even with, you know, if they're not going
to do the Green New Deal orGreen New Steel or whatever
they're doing, it's still.
Worldwide demand continues torise for silver, which is really
an industrial metal, way beyondbeing a monetary metal.
(28:27):
For silver, which is really anindustrial metal, um, way beyond
being a monetary metal.
But also things likebreakthroughs in medicine, uh,
with silver, uh in in ourcurrent climate, I think, are
continuing to rise.
Uh, demand for that is way, wayup.
The the anti-bacterial,anti-microbial stuff that's
usually uh resistant to, youknow, those diseases like MRSA
(28:48):
and other things that silverjust takes care of, I mean, it's
continued to be used andmanufactured for that reason.
So I think I just see demand.
Speaker 2 (28:56):
Yeah, if Pam Bondi can get Letitia James back in
her cage, we can start havingsilver again.
You know she came after Alexand she came after Jim Baker, I
think, and those are perfectlylegitimate things.
I mean, you know they usesilver for burn units and things
like that.
But, boy, she's going to, youknow, put you in jail.
(29:16):
I mean what a criminal she is.
So it's good to see her gettingsome of her comeuppance, even
if it's just going to be revenge, not real reform.
But you talked earlier.
So you know what is money Rightreal reform but you talked
earlier.
You know what is money Right.
So let me get your thoughts.
On pennies, what happened thisweek?
I'm the only person that I'veseen out there that is looking
at this in a skeptical way.
(29:38):
I mean, john Stossel alwayssaid, yeah, I hate pennies,
they're a nuisance and we oughtto get rid of them, and I'm glad
that Trump did it and all therest of this stuff.
And I'm looking at it thinkingI don't know, is this the
beginning of saying we it's tooexpensive and we don't want to
be bothered with making physicalmoney?
Or you know, fiat, physicalfiat, because that's what it is.
It's not.
It's just a plug nickel andplug penny and all the rest of
(29:59):
that.
What's your, what's yourthinking on this?
Speaker 3 (30:01):
Well, it's sad.
I'll start with that.
That's the first thing I thinkof when you depart from
exactitude.
That's another thing.
That's a philosophy in thepenny.
The penny is.
I'm getting exact change.
Speaker 2 (30:14):
Yeah.
Speaker 3 (30:28):
You know the movie Office Space.
He talks about stealing thepennies on the transactions.
That's how he gets rich, right,and it's like you take the
penny like the fraction of apenny, and he uses the analogy
of the trays and the penny pennytray at the 7-eleven or
something you know and I'vealways thought about that.
So you, you're also departingthe philosophy of exact change
or exactitude, which isdangerous.
It's like somebody's gettingsomething for that.
It's like when you go into aretailer now and they always
turn the screen around, you haveto look at the clerk and
because they pay they, theycan't pay them enough, you have
to tip them every time.
(30:48):
Something like that.
With the loss of the penny it'sgoing somewhere.
But I would remind people thatsince 1982, the penny's not made
with copper.
No, in 1982 and back it's kindof like the silver is 1964 and
back the 1982 and back penniesare copper.
Now if you go and look and seewhat's that penny worth just in
(31:10):
copper, you can see that everywebsite will tell you don't melt
them.
It's illegal to melt them.
Don't melt your pennies, youknow, but there's copper in
there and they do that becauseit would start exposing what's
wrong with the money.
You know, when you can meltsomething and it's more valuable
than the face value of thatcoin, there's something wrong
(31:30):
with your economy.
It's like.
You know, a silver quarterright now is like $7.
You know, it's like, you knowit's something crazy or not, you
know.
You add that up and you facevalue out to like $28 face for
four quarters or 10 dimes or twohalf dollars that are silver.
Um, so there's something wrong.
(31:51):
Uh, when you have a an economywhere you can't even make a
penny.
Uh, I saw what it was.
It was something the other day.
It was uh, we're penniless,we're penniless as well.
We're worth.
You know, uh, you can buy fakepennies and and they were, they
were worth more than the actualpennies or something like that.
That's always been a jokerunning around the Internet, you
(32:14):
know.
I think that's sad and butreally what it is it's, it's a,
it's the beginning of thecashless society that I think
they would like to go to.
You know, it started, starts,starts, with the penny, and
that's really said.
The penny has, you know, andthat's really sad.
The penny's been a big part ofour history and you know, a lot
of pennies are worth a lot ofmoney.
I mean, you can collectibles,especially the 1943 copper penny
(32:37):
.
There was accidental copperpennies made in 1943.
They were supposed to be steelbecause of World War II and
somebody accidentally put sheetsof copper into the mint and so
if you find a penny that says1943 on it and it's copper, you
better go see a coin dealer.
Speaker 2 (32:55):
Yeah, pinch those pennies.
Well, you know, that's thething is what you just said
about the face value versus theintrinsic value of it.
That was the dog that didn'tbark in all these different
analyses.
You know, I'm looking at JohnStossel and it's like look at
how much it costs to make thesethings, and that's what
everybody was taking.
That same angle, which was theangle that was put out by Trump
and by Musk.
(33:15):
Look at how frugal we are andhow responsible we are, because
it takes two or three or fourcents to make a penny.
So we're going to just stopthat.
It's like that doesn't make anysense at all.
Over and over again, as you justgave us with the history of the
penny, we've seen them debaseit.
You know, let's use even acheaper metal or this or that.
They'd always do something likethat and of course, they're
(33:36):
debasing the currency with aninflation.
Just the figures here for whathappened in just the last year,
in 2024, you know, from 2023 to2024, the price of a penny went
up by 20%, the price of a nickelwent up by 19.4%, the dime went
up by 8.7% and the quarter wentup by 26%, and so only the dime
(34:02):
is.
I believe it doesn't say it inthis article, but I think I saw
it in another one that only thedime was ahead of the actual.
They could make it for lessthan what the face value was.
But of course you're not goingto just use these things once.
That's the other part of it.
But the real issue is theinflation.
Why is the cost going up injust one year, 20%?
(34:24):
I mean, it's not like an egg,and we know what they're doing
with the egg they're killingtheir chickens.
But that's the untold storythat nobody wanted to talk about
the inflation, the debasement,and then why would you not?
Since they've debased thecurrency so many times?
Why wouldn't you just go tosome other plug metal and make
it from that and keep it there?
(34:46):
But to me that's the real issueand of course, the value, the
fact that a lot of these peoplesaid, well, I think a penny is
just a nuisance to have to keepthese things around.
Well, that's also an issue ofinflation.
But nobody really wanted totalk about the inflation.
I thought that was reallystrange.
Speaker 3 (35:02):
Well, it's a tell.
Yeah, you know, when somethingcontinues to rise in cost
against the face value of thecoin you want to make, that's
the true exposure to the failureof the fiat system.
It's the loss of purchasingpower in your currency.
It's like well, it costs usmore and more to make this.
Well, does it?
Is the actual base materialthat you're buying year over
(35:30):
year?
Does it really cost that muchmore?
Or is it your currency that'slosing value?
And that's what they don't wantto talk about.
Somebody always figures it outLike wait a minute, this costs
the same, you know, as far as ifyou look in the you know dollar
index, it costs the same, butsomething's wrong with the
dollar.
It's just like we see theheadlines on some of these
precious metal sites like well,gold stalls on inflation data.
And then you're thinking, ok,well, I'm going to read into
(35:52):
this and see that you know, theinflation data came out and it
was.
It was, you know, in reverse orsomething.
No, people were surprised thatthat inflation was up after we
just did quantitative easing inrate cards and you just
increased the money supply.
(36:12):
That's what that was Before theelection with Jerome Powell and
lowering interest rates, itincreased the money supply.
That's what it does, that'sliquidity, that's what the very
definition of that is, and so Iknow it's surprising, david, but
it caused inflation, apparently, and so everybody's really
surprised that there's inflationwith an increase in the money
(36:34):
supply.
So you know, you and I canpretty much easily see this.
It's like we have the glassesfrom.
They live.
You know, we just put theglasses on like well, I see what
you're doing here.
It's pretty easy to see.
I mean, I don't have to be, I,I, I don't.
I'm not an expert in anycapacity, I'm just a paratrooper
who likes books.
But I look and I see there'ssomething wrong.
(36:55):
You know, when we're againstthe purchasing price of the fiat
currency, the rest of the stuff, that he's getting into.
Speaker 2 (37:04):
But you know, when Trump takes away even I compared
it to the bump stock.
You know, the bump stock in andof itself was not important.
What was important was aprecedent of doing gun control
by executive order, and that wasseized upon, and this will be
(37:26):
seized upon by other people andrepeated.
Well, it cost us 11 cents tomake a nickel, so let's get rid
of the nickels next.
That's the path that they'regoing.
And while all this is happening, the guy who bought him, elon
Musk, is trying to set up Xmoney and he's doing a deal with
Visa and he wants to make X,the everything platform.
(37:48):
He's got a digital wallet thathe wants out there.
So he's making big moves andall the people around him Lucky
Lutnik and all the rest of themmaking big moves into digital
money, into crypto stuff, whileTrump gets rid of the most, you
know, and everybody cheers, ohyeah, we don't want that penny.
It reminds me of what I sawwith the NRA about the bump
stock.
It's like, yeah, we're notgoing to fight about that.
(38:08):
You know the next thing?
You know you've got a pistolbrace ban and then it's
something else, right, and soit's that precedent that to me
matters and you know, tony, Idon't know what I'd like your
thoughts on this.
We talk about the petrodollarall the time, right when we had
(38:28):
the US dollar connected toenergy.
And of course, the technocracyhas said back in the 1930s they
were saying we don't want todeal with currencies, we don't
want to deal with banks, wedon't want to deal with markets,
we want to deal with energy andwe're going to price everything
in energy.
And in a sense, the petrodollarwas kind of a nod in that
direction.
But when you look at CBDC or ifwe go with some de facto
(38:51):
digital money that is put outthere by Musk or by some of
these other technocrats, they'relooking at tying it in to
energy usage.
That's one of the key reasonsthat they want to go to this
surveillance currency and theyall support things like carbon
taxes and carbon credits andeverything.
So I mean, is that going to bethe kind of the digital
(39:12):
petrodollar, combining it withcarbon credits and carbon taxes
and tracking eventually trackingwhat people use?
What do you think?
Speaker 3 (39:20):
I think that would be the logical conclusion of the
technocracy.
As a matter of fact, I talkedabout this yesterday on a show.
If you look at the manual thatwas found in an IBM copier in
1986 in an estate sale SilentWeapons for Quiet Wars whether
it's a real technical manual forthe elite on human enslavement
or you know whether it's somesort of copy or something, it's
(39:43):
interesting.
That's a true story.
By the way, they just somebodyfound a copy of that and it
wound up in Bill Cooper's bookBehold a Pale Horse.
But if you read the openingchapter, it is a, an esoteric
breakdown of money as energyitself to keep people on the
hamster wheel so that they cannever actually fight back.
They're so busy paying billsand so busy trying to exchanging
(40:05):
your energy, and it's more of a.
It's more of a a way to look atit.
You know people as cogs in amachine, but the energy.
Again, there will be energyshortages, all the rest of that
tying currency to energy.
I think it'd be a perfect way tocontinue to control you and of
course, you could sell it aswell.
We're going to back it by whatpowers us?
(40:27):
Well, that's interesting.
There's a, there's.
There's a lot of open questionsabove.
You know what they're going todo next on CBDC.
I still have my eye on thatball.
By the way, I never took it off.
I don't.
I don't believe any of this.
That's right.
Speaker 2 (40:41):
Yeah, they're just going to rebrand it and bring it
back in a different way.
You know it'll be kind of apublic private partnership,
rather than you know Bidencoming at you and, you know,
right in your face, wearing hisuniform and his flag.
They're going to do it as afifth column.
Yes, yes.
Speaker 3 (40:57):
And that's you can't take your eye off that ball.
That's been their goal allalong.
And you start.
It starts with the penny, yeah,it starts with.
It starts with getting rid ofphysical currency, and not that.
You know, we always talk aboutfiat currency.
But what's it cost to make adollar, dave?
(41:19):
What's it?
Speaker 2 (41:19):
cost to make.
It's a special type of paper,by the way.
What's it cost to make a dollar?
And it's a much bigger spreadfor the paper currency.
However, paper currency doesn'tlast as long as these coins do,
right, and nobody's talkingabout that.
Nobody's done, all these people?
Oh yeah, well, it costs thismuch and that much and we print
this many of them and we spendthis much every year, but nobody
talks about how long does acoin last in circulation.
I mean, we still got coins thatare taken out because they
(41:40):
become more valuable ascollector's items, but other
than that, we've got coins incirculation that have been
around for many decades, youknow.
Speaker 3 (41:47):
Well, in the crypto world they call it burning.
So if you have a certain amountof coins that reach into
circulation, you can, throughyour program, you can just burn
those coins if they're not beingused or if they're on like old
wallets.
That doesn't happen in Bitcoin,but it can happen in the
cryptocurrency world.
Well, I mean, that's a thoughtexperiment.
What if you have 80% of all the$100 bills ever made are not in
(42:11):
the continental United States?
They're outside and floatingaround in the world, circulating
as the world's reserve currency?
Do you want to burn thatcurrency?
Just metaphorically, you know,uh, without having to, if you
don't want those dollarsrepatriated, you just say, well,
we don't, this doesn't existanymore.
You just start taking outphysical fiat currency, which
you know I'm I'm not for acashless society, by the way.
(42:35):
I think cash is important.
You know.
Physical money, you knowphysical currency, rather, is
very important for freedom andprivacy and other things that we
need.
You know, I want it backed bysomething at some level.
I'd like it to be real, but youknow, I don't want it to be
completely gone either.
So something to think aboutthere.
Speaker 2 (42:54):
Oh, yeah, yeah, I think the penny is a thin end of
the wedge, quite frankly, goinginto a cashless society and, as
I said, I always said Trumpmade no sense, but now he's
literally made that true.
But it makes perfectly goodsense if you look at what their
ultimate goal is to get rid ofphysical money.
I think Jason Barker says I'vebeen saving all my old
(43:16):
electronics to do gold recovery.
You're going to do some urbanmining there.
I guess he said it might beeconomical to do it now.
I never wanted to mess with thechemicals, but it might be
worth it now.
Yeah, be careful of thosechemicals.
Be very careful of that.
Atomic Dog said my wife's goldtooth was worth about $200, paid
for about a third of the newcrown.
Well, there you go.
I guess there's always a silverlining or at least a gold
(43:37):
lining.
There's a gold lining.
Yeah, some of these problems.
So tell us what's going on withyour gold to Bitcoin and vice
versa.
Now, how is that working out?
Anything new with that?
Speaker 3 (43:49):
We actually have some new stuff going on with
Wolfpack.
You can get there atDavidKnight Gold.
I added two new products in thelast 10 days or so.
Constitutional Wolf is now atier that you can get.
We have big reserves of 90% USsilver coinage.
I've got a discount rate there.
(44:11):
We've got a $250 and a $500package.
You get one time but we pickthose out for you, give you a
detailed invoice and can saveyou considerable.
And of course, the variety too.
And we don't go by the way.
I don't just sift through allof those coins so you might get
some collectibles in there.
(44:32):
I'm not saying that you will,but I do buy them by the bag
full from.
I don't have the time or theresources to go through it, so
you might just get a winner inthere where I go.
Oh, that's worth way more.
Great, go turn it in and makesomething happy for you.
So constitutional wolf is onthere.
And then I just added this isbrand new, but there's a tier on
(44:53):
there.
You can't do a membership withit because the price fluctuates
so much, but I'm selling onegram gold bars.
People have asked me how do Ijust?
I want just some gold.
You can get one gram gold barsfrom me free shipping, no credit
card fees, no fees whatsoever.
Uh, it's on there right now ondavidknightgold, on the Wolfpack
(45:13):
site, and you can buy as manyas you want, but one if you just
want one.
Again, free shipping, no fees,and we're going to be able to
save you a considerable amount,just if you went and bought that
somewhere else.
Over the shipping and over thefees, because what we do is we
buy these Valcambi big sheets ofhundreds and I have, and we
(45:33):
have my crew, you know theybreak each piece off and then we
put it into a coin flip, soyou're actually saving on, you
know, getting a grand bar ofgold that you would have paid
retail online.
So we added that as well.
That's just to make it to wherepeople who want to get into
gold and have some physical goldbut, you know, can't afford
some of the upper, the tiersthat we have.
(45:54):
So I added that.
And, of course, the Bitcoin.
Uh, we're just rolling along.
If you want to buy Bitcoin, goto David Knight dot gold.
We haven't added the buyBitcoin tab yet.
I'm still waiting for mywebsite to be published.
We've got some stuff working,but I but I, I'm open, so if you
want to buy, buy or sellBitcoin, you can go through me
and again anything you want todo with precious metals through
(46:16):
any of my stuff, whether it'sWolfpack or a direct sale.
We charge no fee for usingBitcoin, so we see it just as
cash.
Speaker 2 (46:25):
Well, I got to say I've had some listeners who have
donated to me through Wolfpackand through that, and it is
interesting to see the differentforms of gold.
You know you're talking aboutbreaking off the things and
getting little chiclets andstuff like that, as well as the
gold paper notes that have goldinterwoven in them that comes
(46:47):
out of Utah or something likethat.
It really is interesting to seethe many different ways that
people can subdivide the goldand I think we're going to see a
lot more of that as we move on,because I think we're at a
point now where, you know, trumpis there to create chaos and
this is happening at the tailend of the fourth turning,
whereas we've been sayingeverybody's losing, or has lost,
(47:08):
trust in the institutions.
That's what Tulsi Gabbard issupposed to do.
Tulsi Gabbard is there torestore our trust in the
intelligence agencies andnational security and it's like
it's going to take more thanTulsi to make me trust those
people.
I would never trust them withanything, but it's always great
talking to you, tony, thank youso much and thank you for your
(47:29):
support, and always great, andyou've got a program that's
coming up immediately followingthis one today.
Speaker 3 (47:35):
Tell people a little bit about that radio
transmission I once a weektransmit.
I wasn't able to do it lastweek because I was I was
traveling.
So, yeah, go to Rockfin on theAmerica Unplugged channel or my
Twitter at Tony Arterburn We'llbe.
We'll be live here at 11 amCentral Time, that's great, yeah
, our noon Eastern Time.
Speaker 2 (47:54):
as they say, it's noon Eastern, that's right.
Well, thank you so much, tony.
Always great to talk to you.
It's been very interesting, andwe are living in interesting
times, aren't we?
A lot of crises are going to becoming, one after the other,
that's right.
Speaker 1 (48:04):
Boys and girls, there's a post-election sale On
silver and gold.
Trump euphoria has caused a dipin silver and gold.
It's time to buy some metalswith fiat dollars before they
come to their sense.
Go to DavidKnightgold to get intouch with the wise wolf
(48:26):
himself, Tony Arterburn.
He knows where to look to findsilver and gold.
York Fiat.
and now tony arteman is joining us of wise wolf gold
and, of course, you can getthere through david knight dot
gold.
That'll let him know thatyou're coming through us.
And it has been a whirlwind ofevents, hasn't it, tony, over
the last couple of weeks.
It's been two weeks since we'vetalked to you and it's amazing
how much things have changed.
Um, I don't remember what theprice of gold was when we talked
two weeks ago, but it's beensetting all-time highs all the
(00:29):
time.
Where is it today?
Speaker 3 (00:30):
Oh, let's check really quick.
Spot price for gold 2,914Luciferian Bankster notes make a
troy ounce of the yellow metalas of right now.
Wow, and of course it's the.
You know.
Look, 13th of February 2025,look back and I think this will
be seen as the era of cheap gold.
Honestly, david, this continuesto break out and break all-time
(00:54):
highs and I remind the audience, there wasn't an all-time high
between 2011 and 2020.
There was no all-time high andwe've broken the all-time high
for gold against the dollar over30-some-odd times in the last
year alone.
So this is a trend that's onlygoing to continue.
And I want to talk to you todayabout disappearing gold
(01:17):
inventory around the world indifferent vaults, the Chinese,
the Russians, the London markets.
It's being re-evaluated andreallocated all over the world.
It's a really interesting one.
Speaker 2 (01:31):
And you've talked about this for the longest time,
you say.
You know we talked about thepaper gold.
I read a long article earlierthis week about silver and a guy
recounted his experiences Iforget what year it was, but it
was right after the GreatRecession.
And you know they said, well,we want to take some delivery of
(01:51):
silver, and what should havetaken five days took us
something like nine months orsomething right.
And he talked about thedifferent excuses that they made
.
They kept putting it off andeverything.
But we're seeing that it offand everything, but we're seeing
that.
And I think it was after thelast time I talked to you.
You and I have been talkingabout for the longest time about
paper gold and paper silver,the Shanghai Gold Exchange and
(02:12):
how well, we don't really thinkthat all that stuff is there.
It doesn't seem to move.
And sequence with gold whengold makes big moves, it just
kind of stays the same.
Sometimes it goes in adifferent direction.
Something is weird going onhere.
And you said, yeah, I thinkwe're going to find out that
they don't have all this stuff,and when we find out, then
that's really going to shake upthe market.
(02:33):
Well, then we had the LondonMetals Exchange and you know
they can't.
A lot of stuff is beingrepatriated and you were the
actually you mentioned that twoweeks ago and you said I'm going
to break this news here what ishappening in London.
And you said I'm going to breakthis news here what is
happening in London.
And I'm still not sure as towhy so much stuff is being
pulled back into New York.
Has anybody come up with amotivation for that?
Speaker 3 (02:53):
Well, there's speculation that Trump may do
another executive orderoverriding FDR and Nixon,
returning us to some sort ofgold standard.
I don't believe that, by theway, but there's a lot of rumors
floating around.
Because of the flurry ofexecutive orders and some bold
moves being made, you're goingto have to do something radical
(03:15):
to stabilize the dollar as theworld continues to de-dollarize,
so those things might besimulated on the table.
I don't know, but that has todo with tariffs, david.
This is so.
We always knew that somethingwould happen.
Some event would would triggerthis exposure of paper gold
(03:36):
versus physical gold in thebullion houses, and the West has
been playing a dangerous gamesince the late 1970s, where I
believe and I've interviewedStuart Angler, who wrote the
book Rigged I do believe thatthe powers that be in the
central banks collude with thebullion houses to ensure that
(03:56):
the price of gold does notcontinually expose the weakness
in the dollar.
That's the game behind all ofthis.
You're talking about the storywith the Canadian buyer, about
silver after the Great Recessionand how that exposed what was
wrong, and if you remembersilver and gold, that's when
(04:17):
gold reached over $1,900 anounce.
This is 2011.
And silver went up to close toits all time high of around $50
an ounce.
And that's when Ben Bernankecame out and said oh wait, wait.
Well, this, this is going to becalmed down.
We won't do TARP again.
We won't do these kind ofinjections.
There's going to be regulation,we're going to fix all this and
(04:37):
the markets calmed down.
And that was that's.
That's a long time ago.
You know that was, I think, thedebt of the US around there was
around $11 trillion, so itseems pretty quaint in those
times.
We've long since crossed theRubicon of massive quantitative
easing and currency injection.
So I think what's really beingexposed here, david, I think, at
(05:01):
the end of the day, is that thebullion houses are going to see
a record number of orders beingsent in to say give me my gold
and they won't be able to makeit.
So it's really the tariffscausing the repatriation of
physical gold around the worldand the uncertainty of the
(05:24):
tariffs being placed on onincoming products into the U S.
All of this is creating chaos,that that little bit of chaos,
and I was thinking of uh, youcall it a black, a swan, you
could call it a black gone event.
This is a you've got.
Donald Trump is going to injectthis chaos and this could be
(05:45):
the trigger that brings in theentire revaluation of precious
metals.
Speaker 2 (05:50):
Yeah, he is a chaos agent, and isn't it interesting
that he has as his treasurysecretary the guy that was
leading the effort for Soros tobreak the Bank of England, and
so he's bringing him in astreasury secretary.
It's like, hold on, it's goingto be a wild ride coming up in
the next couple of years.
I tell you.
It's amazing how quicklyeverything is changing and again
(06:15):
he is there as an agent ofchaos.
I'm absolutely certain that'swhy they installed him.
Speaker 3 (06:21):
That's what it appears to be, and would we be
watching this price move if ithad been a different outcome in
the election?
I still think we'd be marchingtowards $3,000 an ounce gold, no
problem, it's just that thereasons are different and it
doesn't really matter.
The fundamentals of what causesthe price spike in precious
(06:41):
metals are all there.
We definitely can't explainsilver just yet, but I think
those things are about to cometo a head as well.
Because of the above ground,supply doesn't meet demand and
if the contracts for papersilver continue not to be
fulfilled, all bets are off.
(07:02):
You're no longer going to beable to see it's $32.23 an ounce
right now for silver.
That's so insanely cheap.
Given the debasement of thedollar over the past 50 years,
it's insane.
And again I remind people, theall-time high for silver was
$52.50 an ounce in 1980 and$52.50 in 1980 is like $300
(07:26):
today in purchasing power.
I mean, I don't know the metric, but it's, it's off the charts.
So we're precious metals, inthe face of currency debasement,
especially with the dollar, arestill insanely cheap even with
these all time highs.
Speaker 2 (07:38):
Yeah, yeah, there was a listener who sent me a
YouTube video.
I mentioned it briefly.
I'd like to get your commentson it.
So guy's got a channel.
He calls it Silver Seeker.
Maybe you're familiar with it, Idon't know, but he was at a
coin show and I don't know if itwas strictly silver, if they
had other stuff there.
But you know they're sellingcollectible coins but then also
(07:58):
just selling regular rounds andthings.
And so this guy went to allthese different dealers and most
of them would speak on recordon the camera.
But then there was another twoor three that he said they
didn't want to go on record.
But this is what they told me.
But they all said I'm just notselling any silver.
And he goes everybody wants tosell it to me and they're coming
(08:19):
in and cashing in stuff, and soit's really strange the price
of silver is going down.
The guy who sent it to me said,yeah, when nobody wants
something that's got value,that's the time to accumulate it
.
What is your take on that?
Is that what you're seeing atWise Wolf?
Speaker 3 (08:32):
Yes, it's absolutely bizarre.
The prices are moving upwardbut at the same time the average
consumer, the buyer that Inormally have, isn't there, and
so I wonder that doesn't supportthe economic theory of supply
(08:54):
and demand, except for there isdemand and it's institutional.
So that's what you got to watch, the reason I've made so many
trips to the, the trading floor,and it's been a wild ride the
last 120 days.
I've never seen my businesslike this.
In the entire time I've beenopen, people selling to me
things I, you know, normallydon't buy lots of, which is like
(09:15):
the larger silver bars thoseare for people to keep long-term
Like.
When people come to me and theysay, well, I want to store
silver long-term, I generallyput them in larger bars.
I'm like well, just, you know,let's get as many ounces as you
can for your dollar If you'renot going to be using it to
trade or anything like that.
People are selling me a lot ofthat kind of stuff and, um, the
buyers that normally are therearen't there.
(09:36):
Now we've had an uptick, uh, inthe last couple of weeks.
It's been great for forindividual buyers.
But that is a very apt analysisof what's actually happening.
I can call the big brokers.
I talk to them all the time,every single day.
They see the same thingEverybody's selling and the
(09:57):
prices are declining.
The prices are going up, and soI would tell people in the
audience if you're smart, you'lllook and see.
And so I would tell people inthe audience if you're smart,
you'll look and see.
You know again, look at theprice and then see that that has
a demand.
Somebody's buying it.
It's banks, folks you know.
I remind JPMorgan Chase is thelargest holder of silver in the
world.
They were convicted ofsuppressing the silver price, so
(10:23):
wrap your head around thatAgain.
All of this it was really aboutinstitutional central bank
buying, whether it's silver orwhether it's gold.
I mean, russia just put silveras a strategic reserve asset on
the books.
They're the first country to dothat really, since the Chinese
were primarily the holders ofsilver in the 20th century,
(10:44):
early 20th century.
So this is an interesting time.
I still think that the pricesare insanely low, but when you
see people not buying and that'sthe problem right now with
precious metals is people areselling like crazy, but
somebody's buying it, and that'swhat I would remind people.
It's something you should lookat when the big, when the big
(11:07):
banks and the institutions arebuying.
You should probably think aboutit.
Speaker 2 (11:12):
And I think some of this is going to be due to the
fact that individual consumersare feeling the pressure of
inflation and that's why they'recashing in on this even though
the price is low.
And this, even though the priceis low, you have to do it if
you've got to cash in so thatyou can pay your taxes.
That's one of the things hesaid.
Some guy came in.
(11:32):
I asked him why are you doingthis?
He says, well, I've got to paytaxes and so I'm cashing in a
bunch of silver to do that.
But things are getting hard forindividuals and yet the big
institutions, the big banks,they see the value that is there
and so they're profiting atother people's expenses.
Speaker 3 (11:51):
I absolutely agree.
I totally understand that andthat's why my company exists.
I'm happy to buy the product.
I'll buy everything.
That's not an issue.
I just found it to be highlystrange the percentage of
selling to buying, that I'venever seen before.
That's what caught my attentionand you are correct.
There's inflation, there'seconomic uncertainty.
(12:12):
It's harder and harder to keepup with your bills when your
dollar buys less and less, hasless and less purchasing power.
I totally understand that andthat's why we're here and that's
why I'm happy to help peopleout.
So I wanted to add that I mean,I'm not.
I'm not unhappy at buying that,I'm just I think that that
people might miss out and it'sone of the reasons why we have
(12:34):
Wolfpack starting, you know, atlow, getting low entry level.
If you can just set somethingaside to accumulate precious
metals, you're still going to beahead of the average person.
Really, where we're headed withde-dollarization and the reset
of the financial system, it'sgoing to get really ugly for the
average person, unfortunately.
Speaker 2 (12:55):
I agree.
Yeah, doug O'Lugg says I've gota wolf pack on the way to me as
we speak.
Angry Tiger, what we're justsaying?
He said people are sellingtheir silver to make ends meet,
just like they're puttingthemselves in debt with credit
cards.
It's just a necessity, becausewe were looking at how much
things have gone up eggs and allthe rest of the stuff and of
course it's bird brain flu, it'snot the USDA.
(13:18):
These are things that are beingdone to us.
But when we were talking aboutgold, we got up to what was the
high that it got up to?
Is it like twenty, nine, sixtyor something like that earlier
this week or somewhere aroundthat area?
Speaker 3 (13:32):
Right, right at that, david.
I've looked and you know youhave different markets,
different spot prices will giveyou different readings, but
around that it was reachingreach rarely close to $3,000 an
ounce and I don't think that's.
You know, this has been talkedabout.
You know Citibank was callingfor $3,000 an ounce gold back in
(13:53):
2021.
So I think this is probablylong overdue.
And if there wasn't papermarkets, if there wasn't this
sleight of hand, if there wasn't, like you know, I mentioned
we're talking about silverearlier it's estimated that for
every 250 ounces of silverthat's traded in the markets,
(14:15):
only one exists in the realworld.
It's about 250 to one andnobody really knows what the
gold ratio is for paper.
But I think that really isgoing to.
You're going to see an exposurethere.
Like I don't think they'veplanned on it.
The one thing that I don't thinkthey counted on was anything
like tariffs in the modern youknow Western liberal economies
(14:38):
that we've all.
You know that we have toworship the god of free trade.
By the way, it's a god thatfailed and you know they have to
continue to bow down to it Nowthat, all of a sudden, all those
bets are off because of theirfailures and the political
upheaval.
It's a variable and it's throwna wrench into the system, so I
(14:58):
think this could have acascading effect in the short
term, not to mention the longterm.
But in the short term I thinkyou'll see a run up to $3,000 an
ounce gold.
Silver will probably break outhere very soon Again, not
investment advice, but silverwill break out, I think, very,
very soon.
Something's going to happenthat will be a trigger event.
Maybe delivery is not made withnation states, large banks,
(15:23):
something will happen and againsomebody is buying.
So I wonder if they're runningthey got to be running these
simulations at some level sayingokay, well, if we accumulate
here, we see the pricefluctuations given you know two
or three quarters down the roadfor a big reset.
So that's.
I would pay attention to that.
Speaker 2 (15:43):
Yeah, I remember back in the fall, you know, when it
was looking like, you know, lalawas getting a billion dollars
all at once and the media ispouring on the charm offensive
and everything for her took alot, but the you know.
So they were saying, well,we're going to have gold up
around 3,000 the first quarternext year, right, this year,
(16:06):
this quarter.
And here we are in the middleof the quarter and we kind of
kissed 3,000 at 2960.
And then, when Trump won,everybody OK, good, it's going
to be great economic times.
Now we don't have to worryabout any of this stuff.
Plus all the crypto thing.
Crypto gets this massive boost,because now he's going to flip
(16:27):
the switch and they're going togo in exactly the opposite
direction.
Instead of attacking crypto,they're going to boost it.
And so, you know, I put thatcommercial together before
Christmas.
You know, like, the Trumpeuphoria is there, right, but as
you and I were talking aboutthen, nothing had fundamentally
changed.
And you've had BlackRock.
He says, well, what we're doing, it doesn't really make any
difference whether it's La La orwhether it's Trump.
(16:48):
It isn't going to make anydifference to what we're doing.
The fundamentals didn't change.
But it's amazing, the grouppsychology that was based on the
election.
But now here we are back towhere the fundamentals were
going to take us all along, andthat is coming up to 3,000.
And so, as we look at this, andwhat is the story in the past
(17:10):
years has been the fact thatcentral banks were buying gold
and accumulating that a lot.
Now the story is rapidlybecoming where is the gold?
And you know who's got the gold?
Who stole the gold?
This headline here from KitcoBricks banks are bleeding gold
bars, china and Russia facerunaway gold demand and then
(17:32):
London can't find it.
You know, and others I mean,this is the story and this is, I
think, a bigger story than youknow the underlying fundamentals
that are driving it.
You know inflation and thingslike that are driving people to
gold, and then people can't findthe gold because there's this
fiction that you've been talkingabout.
Speaker 3 (17:52):
Well, I'll add to that South Korea suspended sales
of bullion.
They're not part of BRICS, butthis is international and, in
the fundamentals, all existed.
Even after the Trump election,there was a lot of selling off.
I love the commercial that youput together.
There's a sale on silver andgold.
(18:14):
People started selling off toget into the markets and things
like crypto, which is good.
I mean, there's going to bestill a crypto revolution with a
question mark hanging over it.
I think that it could be greatfor everybody.
However, the rest of the worldstill exists.
I would add that that's what'scausing the spike in the price
(18:35):
of gold.
Fundamentally, as you mentioned, the BRICS banks.
That's an article that's up onKitco and I read that this
morning.
You know Russia and China, butwhen you read into that, that
article, david, you know whatit's mentioning is that the
people they're selling it to thepeople of those countries.
That's why they're running downon inventory, because everyday
people and institutions and then, of course, the Chinese just
(18:56):
recently made it legal for theinsurance companies to hold gold
on their balance sheet at about1%.
These are massive moves, andwhen you take something like
gold and physical gold andrealize that it's not as
plentiful as you would believe.
Looking at all the stuff likeGLD or SLV, with the paper
(19:17):
markets and the ETFs and all theexchange traded stuff.
When that is exposed it'sactually a precious metal.
It's harder to find and it'sbeing accumulated more and more
by big institutions.
There's going to actually aprecious metal.
It's harder to harder to findand it's being accumulated more
and more by big institutions.
There's going to be a supplyshock.
Speaker 2 (19:32):
It's much like.
Speaker 3 (19:33):
Bitcoin.
That's going on with the ETFs,but even more so because the
people and this is you knowgold's been a part of the human
story since the beginning oftime and it always will be so.
I think, more and more, you'regoing to see a reevaluation of
prices, and it has to do withthe demand for physical gold.
That's going to be the newthing.
(19:53):
It won't be that.
It's a trust factor, yes, and Ithink trust around the world is
diminished.
You know this is, and you talkabout a fourth turning, and what
happens at the culmination of afourth turning?
It's a destruction of previousinstitutions and their power, or
what power sway they had, andso that trust is waning right
(20:18):
now.
We'll be replaced by somethingelse.
As a matter of fact, I called ita few months ago I think I was
on tinfoil hat and I said look,I'm going to go ahead and say
that the dollar has already lostthe world's reserve currency
status.
Gold is the world's reservecurrency Again.
It's just just not yet, it'sjust on paper.
You know.
(20:38):
You're still seeing that.
You know the dollar is thenumber one held asset by central
banks.
Gold is the number two.
It's supplanted the euro lastyear or so?
Well, I just read an articleand other analysts are saying
the exact same thing.
They're like well, the gold hasalready supplanted the dollar.
(21:01):
It's just a matter of time andtrading and other things and
balance sheet recognition ofthat.
So we're already in an era ofgold, absolutely, and this is
just, you know, the the all timehigh of dollar against gold.
The train has left the station.
You're not going to people ifyou're waiting on the fence
saying, well, I'll just waituntil we get back down to $2,000
an ounce gold, which you know.
What was the price of gold whenI started talking to you, david
(21:25):
?
Let's see go.
You know we should look that up.
It was probably November of2019 was the first time I think
I ever came on your show.
I believe the price of gold wasabout $1,300 an ounce, $1,400
an ounce something like that.
Speaker 2 (21:38):
I'll look it up, but it wasn't $2,920.
I want to go back to what yousaid about South Korea.
You said they stopped the saleof gold.
Exactly what did they do?
Did they stop the private salesof it or did they stop the
central bank from getting rid ofit?
(21:59):
I mean, the central bank'sprobably not trying to get rid
of it.
What did they do to stop thesale of gold?
Speaker 3 (22:04):
It seems to be on the market, on the trading markets.
It might be just with their uh,with their, their exchange.
Stop the sale of, of of bullionbars, of uh, of of physical
gold bars.
Speaker 2 (22:19):
Is it like a temporary thing?
Like you know, they put stop atrade If something starts really
falling or rising reallyquickly.
The stock market might.
Speaker 3 (22:26):
I think that's the reason why, because if you, if
you, if you see a run onsomething, and then all there's
a supply shock and the pricewill far exceed, you know, all
the things that are in paper.
See, that's another thing isthese prices are going to start
putting so much pressure on thepaper gold.
I think it's all going to comeunraveled, especially when
(22:49):
things aren't.
You can't take, they won't senddelivery and they keep making
excuses.
There's going to be a flurryand then that is going to cause.
I think gold always comes inwhen there's fear and mistrust.
I think it's it's it's acompounding snowball effect and
I don't think it's going to getbetter.
Speaker 2 (23:05):
No, no, and you know.
So you know China had stoppedaccumulating gold with the
central bank for about sixmonths and now they're back in
it.
But, as you pointed out and Imentioned it a couple of days
ago they're now pushinginsurance companies to get it,
and not only allowing them toget it, but pushing them to
start to hold gold, because Iguess they're.
You know, you need someinsurance for the insurance
(23:25):
companies to be able to pay thisstuff off.
So it truly is amazing.
I got a couple of comments here.
Dougalug said 2008 gold was$700.
Yeah, militant, milinkovic says.
From my experience in workingin the tech industry, silver is
used in a lot of things, fromoptics to chip making.
That's right, and that's partof it, though that you know it
(23:52):
is an industrial, heavily used,industrious metal and if we have
a recession where things startgoing down, that's the other
component that comes into thesilver market.
Right, because it is so heavilyused in manufacturing.
If people aren't manufacturingstuff, that's going to cut down
some of the use, right?
Speaker 3 (24:10):
Well, that, and I would point people to a
phenomenon called urban goldmining that will be going on
when we hit three thousanddollar an ounce gold, david,
there will be so many peoplelooking for gold in their own
backyards into garage sales.
Speaker 2 (24:22):
Uh, you know karen, we just had.
Karen just had a tooth pulledthat had gold.
Speaker 3 (24:27):
I buy teeth all the time.
Speaker 2 (24:30):
Well, maybe we'll send that to you.
It was.
It was not a voluntary issues.
It's a great deal of pain tohave that thing taken out.
Speaker 3 (24:37):
People send me teeth all the time they're like what's
that worth?
And usually it's 14 to carrotor so and you know there's got
to account for a lot of timesthere's um, uh, enamel and other
things in it, but you know forthe weight.
But it's usually.
You know I buy teeth all thetime the dentist have sold me
teeth.
It's a, it's a, it's anadventure in the gold and silver
(24:58):
business I've, uh, one of thefirst times I somebody bought
sold me teeth in San Antonio Ijust opened my shop and they
just dumped this bag and itstill had teeth on it.
Speaker 2 (25:06):
Wow, that's crazy when you're down in the mouth,
you can always sell that goldthat's on your teeth, I guess.
Speaker 3 (25:14):
Well, yeah, and it's universal.
You know, electronics, medicine, you name it, jewelry it's.
It's just such a part of ourstory.
So I was asked the other daylike what is money?
And I said, well, money issomething that holds intrinsic
value outside of any economicsystem.
It has to be scarce, it has tobe measurable and it has to hold
(25:37):
value in the face of everything, even an economic collapse.
And that's what, to me, that'swhat gold and silver are.
They still are used in thingsway beyond monetary uses, where
they still are used in thingsway beyond monetary uses.
So that's why the dollar or thefiat currency, aside from being
truly evil, has no value.
It's fake, you know, it's afunhouse mirror version of what
(26:01):
actual money is.
And I think that that experimentsince 1971 is coming to an end.
I mean, it's not tomorrow, uh,but that's why they call it a
great reset.
That's why, you know, everytime I I talk about this is like
the super elite, the davos set.
They know this.
And, uh, you know, bloombergsaid it best.
You mentioned this all the timehe's.
(26:21):
We have to, you know, givepeople something, do something,
so they don't come after us withguillotines.
Well, yeah, that's what they'redoing something.
They got to figure outsomething to reset the system
without getting guillotine, andthat's what I think they're
looking at doing.
It's either return to gold orrevaluation of currencies, and
that's what BRICS has, I think,been doing this whole time is
(26:44):
just accumulating things likegold for a currency reset.
Speaker 2 (26:49):
I agree, I agree.
Yeah.
Angry Tiger, talking about hardtimes, said a friend of mine is
a business owner and has beenhoarding silver for years.
He's been selling it off latelyto keep his business afloat.
We're getting into some hardtimes.
Wes Robertson said centralbanks have been buying gold
around the world and willcontinue to manipulate the
prices.
And that's silver and gold.
(27:10):
That's part of it.
The ETF stuff is part of it.
But again, you know, when thatETF scam blows it's going to
blow big.
You've been talking about thatfor a long time, gard Goldsmith.
Good to see you, gard says.
I'm curious to see what Tonyand David think about the silver
use when the solar et ceteragets cut back.
What do you think about that?
Do you think we're going tohave any solar cut back or are
(27:32):
they going to continue pouringmoney down that hole Because
it's a big, big user of silver?
Speaker 3 (27:41):
I think that just worldwide demand and solar may
have a huge fallback.
We may see that and that'sprobably more likely than not.
But you still have the massiveamount of demand for EVs and
battery technology and otherthings that, at silver, in no
way, shape or form, is valuedcorrectly.
As I mentioned all the time,you got 200 million ounces
(28:05):
deficit minimum every singleyear, so they have to take from
the above ground supply.
It's only increasing, even with, you know, if they're not going
to do the Green New Deal orGreen New Steel or whatever
they're doing, it's still.
Worldwide demand continues torise for silver, which is really
an industrial metal, way beyondbeing a monetary metal.
(28:27):
For silver, which is really anindustrial metal, um, way beyond
being a monetary metal.
But also things likebreakthroughs in medicine, uh,
with silver, uh in in ourcurrent climate, I think, are
continuing to rise.
Uh, demand for that is way, wayup.
The the anti-bacterial,anti-microbial stuff that's
usually uh resistant to, youknow, those diseases like MRSA
(28:48):
and other things that silverjust takes care of, I mean, it's
continued to be used andmanufactured for that reason.
So I think I just see demand.
Speaker 2 (28:56):
Yeah, if Pam Bondi can get Letitia James back in
her cage, we can start havingsilver again.
You know she came after Alexand she came after Jim Baker, I
think, and those are perfectlylegitimate things.
I mean, you know they usesilver for burn units and things
like that.
But, boy, she's going to, youknow, put you in jail.
(29:16):
I mean what a criminal she is.
So it's good to see her gettingsome of her comeuppance, even
if it's just going to be revenge, not real reform.
But you talked earlier.
So you know what is money Rightreal reform but you talked
earlier.
You know what is money Right.
So let me get your thoughts.
On pennies, what happened thisweek?
I'm the only person that I'veseen out there that is looking
at this in a skeptical way.
(29:38):
I mean, john Stossel alwayssaid, yeah, I hate pennies,
they're a nuisance and we oughtto get rid of them, and I'm glad
that Trump did it and all therest of this stuff.
And I'm looking at it thinkingI don't know, is this the
beginning of saying we it's tooexpensive and we don't want to
be bothered with making physicalmoney?
Or you know, fiat, physicalfiat, because that's what it is.
It's not.
It's just a plug nickel andplug penny and all the rest of
(29:59):
that.
What's your, what's yourthinking on this?
Speaker 3 (30:01):
Well, it's sad.
I'll start with that.
That's the first thing I thinkof when you depart from
exactitude.
That's another thing.
That's a philosophy in thepenny.
The penny is.
I'm getting exact change.
Speaker 2 (30:14):
Yeah.
Speaker 3 (30:28):
You know the movie Office Space.
He talks about stealing thepennies on the transactions.
That's how he gets rich, right,and it's like you take the
penny like the fraction of apenny, and he uses the analogy
of the trays and the penny pennytray at the 7-eleven or
something you know and I'vealways thought about that.
So you, you're also departingthe philosophy of exact change
or exactitude, which isdangerous.
It's like somebody's gettingsomething for that.
It's like when you go into aretailer now and they always
turn the screen around, you haveto look at the clerk and
because they pay they, theycan't pay them enough, you have
to tip them every time.
(30:48):
Something like that.
With the loss of the penny it'sgoing somewhere.
But I would remind people thatsince 1982, the penny's not made
with copper.
No, in 1982 and back it's kindof like the silver is 1964 and
back the 1982 and back penniesare copper.
Now if you go and look and seewhat's that penny worth just in
(31:10):
copper, you can see that everywebsite will tell you don't melt
them.
It's illegal to melt them.
Don't melt your pennies, youknow, but there's copper in
there and they do that becauseit would start exposing what's
wrong with the money.
You know, when you can meltsomething and it's more valuable
than the face value of thatcoin, there's something wrong
(31:30):
with your economy.
It's like.
You know, a silver quarterright now is like $7.
You know, it's like, you knowit's something crazy or not, you
know.
You add that up and you facevalue out to like $28 face for
four quarters or 10 dimes or twohalf dollars that are silver.
Um, so there's something wrong.
(31:51):
Uh, when you have a an economywhere you can't even make a
penny.
Uh, I saw what it was.
It was something the other day.
It was uh, we're penniless,we're penniless as well.
We're worth.
You know, uh, you can buy fakepennies and and they were, they
were worth more than the actualpennies or something like that.
That's always been a jokerunning around the Internet, you
(32:14):
know.
I think that's sad and butreally what it is it's, it's a,
it's the beginning of thecashless society that I think
they would like to go to.
You know, it started, starts,starts, with the penny, and
that's really said.
The penny has, you know, andthat's really sad.
The penny's been a big part ofour history and you know, a lot
of pennies are worth a lot ofmoney.
I mean, you can collectibles,especially the 1943 copper penny
(32:37):
.
There was accidental copperpennies made in 1943.
They were supposed to be steelbecause of World War II and
somebody accidentally put sheetsof copper into the mint and so
if you find a penny that says1943 on it and it's copper, you
better go see a coin dealer.
Speaker 2 (32:55):
Yeah, pinch those pennies.
Well, you know, that's thething is what you just said
about the face value versus theintrinsic value of it.
That was the dog that didn'tbark in all these different
analyses.
You know, I'm looking at JohnStossel and it's like look at
how much it costs to make thesethings, and that's what
everybody was taking.
That same angle, which was theangle that was put out by Trump
and by Musk.
(33:15):
Look at how frugal we are andhow responsible we are, because
it takes two or three or fourcents to make a penny.
So we're going to just stopthat.
It's like that doesn't make anysense at all.
Over and over again, as you justgave us with the history of the
penny, we've seen them debaseit.
You know, let's use even acheaper metal or this or that.
They'd always do something likethat and of course, they're
(33:36):
debasing the currency with aninflation.
Just the figures here for whathappened in just the last year,
in 2024, you know, from 2023 to2024, the price of a penny went
up by 20%, the price of a nickelwent up by 19.4%, the dime went
up by 8.7% and the quarter wentup by 26%, and so only the dime
(34:02):
is.
I believe it doesn't say it inthis article, but I think I saw
it in another one that only thedime was ahead of the actual.
They could make it for lessthan what the face value was.
But of course you're not goingto just use these things once.
That's the other part of it.
But the real issue is theinflation.
Why is the cost going up injust one year, 20%?
(34:24):
I mean, it's not like an egg,and we know what they're doing
with the egg they're killingtheir chickens.
But that's the untold storythat nobody wanted to talk about
the inflation, the debasement,and then why would you not?
Since they've debased thecurrency so many times?
Why wouldn't you just go tosome other plug metal and make
it from that and keep it there?
(34:46):
But to me that's the real issueand of course, the value, the
fact that a lot of these peoplesaid, well, I think a penny is
just a nuisance to have to keepthese things around.
Well, that's also an issue ofinflation.
But nobody really wanted totalk about the inflation.
I thought that was reallystrange.
Speaker 3 (35:02):
Well, it's a tell.
Yeah, you know, when somethingcontinues to rise in cost
against the face value of thecoin you want to make, that's
the true exposure to the failureof the fiat system.
It's the loss of purchasingpower in your currency.
It's like well, it costs usmore and more to make this.
Well, does it?
Is the actual base materialthat you're buying year over
(35:30):
year?
Does it really cost that muchmore?
Or is it your currency that'slosing value?
And that's what they don't wantto talk about.
Somebody always figures it outLike wait a minute, this costs
the same, you know, as far as ifyou look in the you know dollar
index, it costs the same, butsomething's wrong with the
dollar.
It's just like we see theheadlines on some of these
precious metal sites like well,gold stalls on inflation data.
And then you're thinking, ok,well, I'm going to read into
(35:52):
this and see that you know, theinflation data came out and it
was.
It was, you know, in reverse orsomething.
No, people were surprised thatthat inflation was up after we
just did quantitative easing inrate cards and you just
increased the money supply.
(36:12):
That's what that was Before theelection with Jerome Powell and
lowering interest rates, itincreased the money supply.
That's what it does, that'sliquidity, that's what the very
definition of that is, and so Iknow it's surprising, david, but
it caused inflation, apparently, and so everybody's really
surprised that there's inflationwith an increase in the money
(36:34):
supply.
So you know, you and I canpretty much easily see this.
It's like we have the glassesfrom.
They live.
You know, we just put theglasses on like well, I see what
you're doing here.
It's pretty easy to see.
I mean, I don't have to be, I,I, I don't.
I'm not an expert in anycapacity, I'm just a paratrooper
who likes books.
But I look and I see there'ssomething wrong.
(36:55):
You know, when we're againstthe purchasing price of the fiat
currency, the rest of the stuff, that he's getting into.
Speaker 2 (37:04):
But you know, when Trump takes away even I compared
it to the bump stock.
You know, the bump stock in andof itself was not important.
What was important was aprecedent of doing gun control
by executive order, and that wasseized upon, and this will be
(37:26):
seized upon by other people andrepeated.
Well, it cost us 11 cents tomake a nickel, so let's get rid
of the nickels next.
That's the path that they'regoing.
And while all this is happening, the guy who bought him, elon
Musk, is trying to set up Xmoney and he's doing a deal with
Visa and he wants to make X,the everything platform.
(37:48):
He's got a digital wallet thathe wants out there.
So he's making big moves andall the people around him Lucky
Lutnik and all the rest of themmaking big moves into digital
money, into crypto stuff, whileTrump gets rid of the most, you
know, and everybody cheers, ohyeah, we don't want that penny.
It reminds me of what I sawwith the NRA about the bump
stock.
It's like, yeah, we're notgoing to fight about that.
(38:08):
You know the next thing?
You know you've got a pistolbrace ban and then it's
something else, right, and soit's that precedent that to me
matters and you know, tony, Idon't know what I'd like your
thoughts on this.
We talk about the petrodollarall the time, right when we had
(38:28):
the US dollar connected toenergy.
And of course, the technocracyhas said back in the 1930s they
were saying we don't want todeal with currencies, we don't
want to deal with banks, wedon't want to deal with markets,
we want to deal with energy andwe're going to price everything
in energy.
And in a sense, the petrodollarwas kind of a nod in that
direction.
But when you look at CBDC or ifwe go with some de facto
(38:51):
digital money that is put outthere by Musk or by some of
these other technocrats, they'relooking at tying it in to
energy usage.
That's one of the key reasonsthat they want to go to this
surveillance currency and theyall support things like carbon
taxes and carbon credits andeverything.
So I mean, is that going to bethe kind of the digital
(39:12):
petrodollar, combining it withcarbon credits and carbon taxes
and tracking eventually trackingwhat people use?
What do you think?
Speaker 3 (39:20):
I think that would be the logical conclusion of the
technocracy.
As a matter of fact, I talkedabout this yesterday on a show.
If you look at the manual thatwas found in an IBM copier in
1986 in an estate sale SilentWeapons for Quiet Wars whether
it's a real technical manual forthe elite on human enslavement
or you know whether it's somesort of copy or something, it's
(39:43):
interesting.
That's a true story.
By the way, they just somebodyfound a copy of that and it
wound up in Bill Cooper's bookBehold a Pale Horse.
But if you read the openingchapter, it is a, an esoteric
breakdown of money as energyitself to keep people on the
hamster wheel so that they cannever actually fight back.
They're so busy paying billsand so busy trying to exchanging
(40:05):
your energy, and it's more of a.
It's more of a a way to look atit.
You know people as cogs in amachine, but the energy.
Again, there will be energyshortages, all the rest of that
tying currency to energy.
I think it'd be a perfect way tocontinue to control you and of
course, you could sell it aswell.
We're going to back it by whatpowers us?
(40:27):
Well, that's interesting.
There's a, there's.
There's a lot of open questionsabove.
You know what they're going todo next on CBDC.
I still have my eye on thatball.
By the way, I never took it off.
I don't.
I don't believe any of this.
That's right.
Speaker 2 (40:41):
Yeah, they're just going to rebrand it and bring it
back in a different way.
You know it'll be kind of apublic private partnership,
rather than you know Bidencoming at you and, you know,
right in your face, wearing hisuniform and his flag.
They're going to do it as afifth column.
Yes, yes.
Speaker 3 (40:57):
And that's you can't take your eye off that ball.
That's been their goal allalong.
And you start.
It starts with the penny, yeah,it starts with.
It starts with getting rid ofphysical currency, and not that.
You know, we always talk aboutfiat currency.
But what's it cost to make adollar, dave?
(41:19):
What's it?
Speaker 2 (41:19):
cost to make.
It's a special type of paper,by the way.
What's it cost to make a dollar?
And it's a much bigger spreadfor the paper currency.
However, paper currency doesn'tlast as long as these coins do,
right, and nobody's talkingabout that.
Nobody's done, all these people?
Oh yeah, well, it costs thismuch and that much and we print
this many of them and we spendthis much every year, but nobody
talks about how long does acoin last in circulation.
I mean, we still got coins thatare taken out because they
(41:40):
become more valuable ascollector's items, but other
than that, we've got coins incirculation that have been
around for many decades, youknow.
Speaker 3 (41:47):
Well, in the crypto world they call it burning.
So if you have a certain amountof coins that reach into
circulation, you can, throughyour program, you can just burn
those coins if they're not beingused or if they're on like old
wallets.
That doesn't happen in Bitcoin,but it can happen in the
cryptocurrency world.
Well, I mean, that's a thoughtexperiment.
What if you have 80% of all the$100 bills ever made are not in
(42:11):
the continental United States?
They're outside and floatingaround in the world, circulating
as the world's reserve currency?
Do you want to burn thatcurrency?
Just metaphorically, you know,uh, without having to, if you
don't want those dollarsrepatriated, you just say, well,
we don't, this doesn't existanymore.
You just start taking outphysical fiat currency, which
you know I'm I'm not for acashless society, by the way.
(42:35):
I think cash is important.
You know.
Physical money, you knowphysical currency, rather, is
very important for freedom andprivacy and other things that we
need.
You know, I want it backed bysomething at some level.
I'd like it to be real, but youknow, I don't want it to be
completely gone either.
So something to think aboutthere.
Speaker 2 (42:54):
Oh, yeah, yeah, I think the penny is a thin end of
the wedge, quite frankly, goinginto a cashless society and, as
I said, I always said Trumpmade no sense, but now he's
literally made that true.
But it makes perfectly goodsense if you look at what their
ultimate goal is to get rid ofphysical money.
I think Jason Barker says I'vebeen saving all my old
(43:16):
electronics to do gold recovery.
You're going to do some urbanmining there.
I guess he said it might beeconomical to do it now.
I never wanted to mess with thechemicals, but it might be
worth it now.
Yeah, be careful of thosechemicals.
Be very careful of that.
Atomic Dog said my wife's goldtooth was worth about $200, paid
for about a third of the newcrown.
Well, there you go.
I guess there's always a silverlining or at least a gold
(43:37):
lining.
There's a gold lining.
Yeah, some of these problems.
So tell us what's going on withyour gold to Bitcoin and vice
versa.
Now, how is that working out?
Anything new with that?
Speaker 3 (43:49):
We actually have some new stuff going on with
Wolfpack.
You can get there atDavidKnight Gold.
I added two new products in thelast 10 days or so.
Constitutional Wolf is now atier that you can get.
We have big reserves of 90% USsilver coinage.
I've got a discount rate there.
(44:11):
We've got a $250 and a $500package.
You get one time but we pickthose out for you, give you a
detailed invoice and can saveyou considerable.
And of course, the variety too.
And we don't go by the way.
I don't just sift through allof those coins so you might get
some collectibles in there.
(44:32):
I'm not saying that you will,but I do buy them by the bag
full from.
I don't have the time or theresources to go through it, so
you might just get a winner inthere where I go.
Oh, that's worth way more.
Great, go turn it in and makesomething happy for you.
So constitutional wolf is onthere.
And then I just added this isbrand new, but there's a tier on
(44:53):
there.
You can't do a membership withit because the price fluctuates
so much, but I'm selling onegram gold bars.
People have asked me how do Ijust?
I want just some gold.
You can get one gram gold barsfrom me free shipping, no credit
card fees, no fees whatsoever.
Uh, it's on there right now ondavidknightgold, on the Wolfpack
(45:13):
site, and you can buy as manyas you want, but one if you just
want one.
Again, free shipping, no fees,and we're going to be able to
save you a considerable amount,just if you went and bought that
somewhere else.
Over the shipping and over thefees, because what we do is we
buy these Valcambi big sheets ofhundreds and I have, and we
(45:33):
have my crew, you know theybreak each piece off and then we
put it into a coin flip, soyou're actually saving on, you
know, getting a grand bar ofgold that you would have paid
retail online.
So we added that as well.
That's just to make it to wherepeople who want to get into
gold and have some physical goldbut, you know, can't afford
some of the upper, the tiersthat we have.
(45:54):
So I added that.
And, of course, the Bitcoin.
Uh, we're just rolling along.
If you want to buy Bitcoin, goto David Knight dot gold.
We haven't added the buyBitcoin tab yet.
I'm still waiting for mywebsite to be published.
We've got some stuff working,but I but I, I'm open, so if you
want to buy, buy or sellBitcoin, you can go through me
and again anything you want todo with precious metals through
(46:16):
any of my stuff, whether it'sWolfpack or a direct sale.
We charge no fee for usingBitcoin, so we see it just as
cash.
Speaker 2 (46:25):
Well, I got to say I've had some listeners who have
donated to me through Wolfpackand through that, and it is
interesting to see the differentforms of gold.
You know you're talking aboutbreaking off the things and
getting little chiclets andstuff like that, as well as the
gold paper notes that have goldinterwoven in them that comes
(46:47):
out of Utah or something likethat.
It really is interesting to seethe many different ways that
people can subdivide the goldand I think we're going to see a
lot more of that as we move on,because I think we're at a
point now where, you know, trumpis there to create chaos and
this is happening at the tailend of the fourth turning,
whereas we've been sayingeverybody's losing, or has lost,
(47:08):
trust in the institutions.
That's what Tulsi Gabbard issupposed to do.
Tulsi Gabbard is there torestore our trust in the
intelligence agencies andnational security and it's like
it's going to take more thanTulsi to make me trust those
people.
I would never trust them withanything, but it's always great
talking to you, tony, thank youso much and thank you for your
(47:29):
support, and always great, andyou've got a program that's
coming up immediately followingthis one today.
Speaker 3 (47:35):
Tell people a little bit about that radio
transmission I once a weektransmit.
I wasn't able to do it lastweek because I was I was
traveling.
So, yeah, go to Rockfin on theAmerica Unplugged channel or my
Twitter at Tony Arterburn We'llbe.
We'll be live here at 11 amCentral Time, that's great, yeah
, our noon Eastern Time.
Speaker 2 (47:54):
as they say, it's noon Eastern, that's right.
Well, thank you so much, tony.
Always great to talk to you.
It's been very interesting, andwe are living in interesting
times, aren't we?
A lot of crises are going to becoming, one after the other,
that's right.
Speaker 1 (48:04):
Boys and girls, there's a post-election sale On
silver and gold.
Trump euphoria has caused a dipin silver and gold.
It's time to buy some metalswith fiat dollars before they
come to their sense.
Go to DavidKnightgold to get intouch with the wise wolf
(48:26):
himself, Tony Arterburn.
He knows where to look to findsilver and gold.
York Fiat.
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