October 24, 2025 • 33 mins
Tony Arterburn of Wise Wolf Gold breaks down the global silver crunch as London markets fail to fill orders and refiners stop buying altogether. Connecting the dots between India’s silver surge, the $38 trillion U.S. debt spiral, and Trump’s reckless tariffs that are unraveling markets.
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Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
All right, folks, welcome back and joining us today rather
than on a Thursday is Tony Ardeman of Wisewolf Gold
And of course if you go to Davidnight dot Gold,
that'll take you to Wisewolf and let him know that
you came through us. Tony switched days because it has
been so hectic. The golf market, like everything else, is
(00:27):
one of the first places, I guess where some of
the deliberate chaos that is being sown into the global
economy is showing up in the financial markets, and so
we've seen a lot of stuff moving. What's going on today, Tony,
thanks for joining us. What's going on in the markets?
Speaker 2 (00:41):
Well, first of all, good to see you again, David,
And yeah, sorry I hadn't been able to make it
on my usual Thursdays.
Speaker 3 (00:47):
My schedule is all over the place, and I think.
Speaker 2 (00:49):
If you're watching the metals markets, you know why. And
it's really just trying to figure out what's next.
Speaker 3 (00:57):
I mean, there's a.
Speaker 2 (00:59):
On one side, you this avalanche of supply and some
of the big wholesalers stop buying. On the other side,
we've got a supply deficit and people can't source products,
and you know, the trades are two or three weeks out,
so it is a it is a.
Speaker 3 (01:14):
Really interesting thing.
Speaker 2 (01:15):
It's a really interesting time to be in the gold
and silver business. So I've been having to stay pretty
nimble and but luckily for us, we did a little
bit of pre planning for this, so we had inventory
covered for wolf pack and other things, and I've just
been I think the key thing that I've been able
to do is be mobile. So I've been back and
(01:37):
forth between Missouri and Texas and taking inventory there, bringing
inventory from there to liquidate.
Speaker 3 (01:44):
So just staying on top of that.
Speaker 2 (01:45):
It's a It has definitely increased my travel time, but
I'm thankful for it.
Speaker 3 (01:52):
There's a lot going on.
Speaker 1 (01:53):
Well, you know, I don't know how it affected you,
but I talked about this yesterday the day before about
what happened was so and basically, from what I understand,
the markets in London couldn't fill the silver orders for people.
Part of it was because of an Indian religious festival.
They weren't accumulating excrement like wech earlier we at the
(02:17):
Boop Festival, but this was about collecting wealth and so
typically they would collect gold. This year, a lot of
influencers in India said silver. So there was this huge
run on silver and it affected markets all the way
from India to London because even though London had some silver,
a lot of it was already spoken for in locked
(02:37):
down because of the paper silver, the ETFs and things
like that.
Speaker 3 (02:41):
Did you see that happening, I bet you, and I've
followed that story.
Speaker 2 (02:45):
I'm following the other there's you know, stories in that
periphery about billion supplies and paperback silver that I've been
watching closely. We've discussed the nation state involvement in a
key emulating silver, and I think that is what's putting
the pressure on paper silver to and it's exposing paper
(03:07):
silver for everything that they've done for the past many decades.
Speaker 3 (03:11):
Yeah, I reme the catalyst.
Speaker 2 (03:13):
I think Russia putting silver as a strategic reserve asset
was really important and whatever pressure that is. And I
think China is calling the bluff of London too. I
think there's some behind the scenes stuff going on with these,
you know, the bullion houses and the contracts. I think
(03:34):
that the Nation states are getting involved now and I
think that's why we're seeing them break.
Speaker 1 (03:38):
Yeah. I showed the one chart and It was really
kind of crazy. They had the actual spot price of
silver and they are gold, and then they had what
the ETF prices were, and they were two separate lines,
you know, one of them. Then they crossed at one
point that they actually got the same for just one
(03:58):
point when they crossed. But you know, sometimes it was
much higher than the actual price is over sometimes as
much lower. But they didn't track and I always saw
that as a big red flag of something going on.
Speaker 2 (04:11):
Yeah, and none of the shenanigans have taken place, None
of the papers selloffs have happened like they had back
in February of twenty twenty one. None of that's taken place.
So the price suppression game, they just may not be
able to do it anymore, at least not on the
level that has been done in the past. So I
would keep watching these stories unravel about contract exposure and
(04:36):
what's actually on the books and then what can be delivered.
I think, you know, this is about trust and a
worldwide I mean trust is diminishing them because of things
like our own currency system and the weaponization of the dollar.
So trust being a factor there, people are going to
start I think nation states, entities will start demanding physical.
Speaker 1 (05:00):
Yeah, speaking of physical You've talked about this quite a bit,
the urban mining of gold and silver, and there was
a long article from the New York Times talking about
the diamond market there and people taking their jewelry in
there to take advantage of the higher prices for gold
and silver. Of course, they were not looking at long
term things. One lady brought in her jewelry and made
(05:23):
like four or five thousand dollars off it. She's going
to take a trip, but yeah, it'd be kind. People
need liquidity, and I think that's one of the things
that people were saying. Besides this regular profit taking. You
had a Federal Reserve. Somebody who'd been associated with Federal
Reserve as an analyst and she now has her own
(05:44):
reporting in her own firm that she runs, and she
said she thought this was part of this was a
liquidity freeze for people. She said to me, I look
at this and I see a liquidity crisis that's very
similar to March of twenty twenty. And she said, if
you go to cash out stuff, you need to cover
things in a liquidic crisis because you've got margin calls
(06:06):
or this or that you're going to take your biggest
winter and you're going to liquidate that. What do you
think is going on with all this? Is this simply
just profit taking? Or like this woman is saying, do
you think that there's some other issues with other financial
markets it's causing people to have to liquidate things.
Speaker 3 (06:23):
No, I think it's all the above.
Speaker 2 (06:25):
And people are urban gold mining, and there's people coming
into both of my shops and Dennis and Branson, and
we're buying a lot of scrap jewelry, old coins, things
that you know, we can always melt. And with the
prices that the way they are, it's worth people going
out and looking and finding and turning things in and
(06:46):
maybe even getting back the jewelry price they paid for
it if they bought it many many years ago.
Speaker 3 (06:50):
They can get all that back at least in dollars.
Speaker 2 (06:53):
So we're seeing that at a really good pace, and
I think that's only going to continue. But there's also
mass profit taking in some sectors, and of course, you
know there's some psychological stuff going on with the pullback,
and you and I were laughing off air, it's like
gold dropped from forty three hundred plus dollars an ounce
down to close to four thousand dollars an ounce, and
(07:15):
it was like, oh, that's the worst drop it's had.
Speaker 3 (07:17):
And this is the you know, gold got wiped out.
Speaker 2 (07:20):
And I'm like, it's over four thousand dollars an ounce,
it's gonna be fine. It's a forty one to twenty
right now as we speak. So I think a lot
of that's profit taking and you'll see that too.
Speaker 3 (07:33):
Silver was interesting.
Speaker 2 (07:35):
When silver broke its new all time high last week
or so, we had people coming in and trying to
sell me everything that was silver, and the refiners, all
major refiners that I know I haven't found one yet, stopped.
They stopped buying any scrap silver. They said, we just
can't do it. We're we're too busy. So at any
(07:55):
price they would not buy it, and not that it's
not worth anything.
Speaker 3 (07:58):
And I'm still buying.
Speaker 2 (08:00):
I just had to lower my prices of what I
buy it for and I'm just stacking it in the
back until they can melt it.
Speaker 1 (08:05):
So the last part of that story out of India,
it was a guy that had been in business for
three decades or so and his company was the largest
silver refiner there in India. Couldn't find any silver. They
were completely out of it. It amazing.
Speaker 3 (08:20):
Yeah, it's interesting.
Speaker 2 (08:22):
There's certain things that the refiners here, like in Dallas,
stopped buying, and.
Speaker 3 (08:28):
Gold has never been an issue.
Speaker 2 (08:29):
They're buying the goal, but they would go all over
the place on silver. So there's such a it's such
a mixed bag with that market and understanding silver and
understanding the supply issue and what people want and how.
Speaker 3 (08:42):
You can get liquidity.
Speaker 2 (08:44):
But I think right now that's been there's some cooling
off and prices have.
Speaker 3 (08:48):
Dipped below that fifty dollars mark.
Speaker 2 (08:50):
So this is like one of those I think a
good time just to get into silver. It's like it'd
pulled back. So I'm ordering right now, like I'm pushing
the buy button on a whole bunch of products that
I put into a wolf pack. So every day that
I'm watching a little bit of red, that's fine. I
did the same thing with gold. When gold went to
four thousand, I said, okay, I owed some inventory, so
(09:13):
I bought five ounces. It's it's fun whenever these prices
go down. I'm a buyer, you know. So a lot
of people.
Speaker 1 (09:22):
Remember a year ago when you know, Trump won the
election and gold took a dive and I said, it's
just on sale because none of the fundamentals have really changed.
I mean, just take a look at this last week,
just the last day or so. Here's the debt clock.
This is the thing. I remember Thomas Massey bought a
whole bunch of these national debt clocks that are constantly,
(09:45):
you know, flipping around and going up, and he handed
him out to the incoming new congress people. Right, here's
this for your little pell just to remind you what's
going on the national debt. And this shows one of
those thirty eight trillion. But as even though they were
looking for it, they it was moving so quickly that
when they when it hit thirty eight trillion, they tried
(10:08):
to take a picture of it, but it was already
added another eighty three thousand before the picture was taken
because the thing was flipping around so much. So the
bottom line is is that all of these fundamentals, nothing
has fundamentally changed. There's going to be profit taking as
people do in the markets. Nothing is a straight line,
and it's always going to be a lot of noise
as people are taking profits and other things like that.
(10:28):
But the fundamentals have not changed, No, not at all.
Speaker 2 (10:31):
And I mean you look at I read a lot
of the Kitko analysts and some of the people that
they bring on, and you'll talk about things like, oh, well,
the trade tensions have lessened with China, so it's a
good time, and you'll see a little pullback in price.
Speaker 3 (10:45):
But again, big picture fundamentals, the.
Speaker 2 (10:49):
Dollar, the dedollarization, the issue with our debt, and you
mentioned the thirty eight trillion you know metrics on that
where we were one trillion dollars the last time silver
had another had its all time ISO in.
Speaker 3 (11:02):
Forty five years.
Speaker 2 (11:03):
We've added thirty seven trillion dollars in debt and that's
only going to.
Speaker 3 (11:07):
Accelerate them eight thirty eight now, yeah, it's thirty eight now,
so I can't keep track of it. That's right.
Speaker 2 (11:15):
Now we've added this massive amount of debt, and not
to mention the unfunded liabilities, and then you have the
geopolitical risk of the foreign policy and the trip wires
that we have all over the world. Now that the
metrics and why you would want to be outside of
this system are there, I mean, for the first time,
(11:35):
central banks now own more gold than they do US
treasuries and it's only a matter of time before central
banks hold more gold than they do US dollars.
Speaker 3 (11:46):
It's only a matter of time.
Speaker 2 (11:47):
It's not that it's not going to happen, because right
now it's the dollars number one as a Tier one
asset via the Bank of International Settlements. The number two
used to be the euro and it got supplanted by
gold last year.
Speaker 3 (12:00):
Yeah, so when to get.
Speaker 1 (12:03):
I think when he gets up in the mid five
thousands or something, that'll be uh, you know, it'll be
the number one, the tier one asset. You know, it's
kind of interesting to when we talk about this debt.
The federal debt rose by trillion dollars in a little
over two months, which is the fastest rate of growth
outside of the pandemic. And of course when did that
(12:23):
happen during the pandemic. That was Trump and he wanted
to get Massy out because Massy opposed him on that.
Trump doesn't care a whit about debt and deficits and
things like that. We saw that from his bankruptcy of
the casinos that were out there, and so somebody that
doesn't really care about debt, what eventually happens is bankruptcy
and that's where he's taking us as a country as well.
Speaker 3 (12:46):
Right, Well, that's what he said. He used to call
himself the King of debt.
Speaker 1 (12:49):
Yeah, that's what he called himself, and I just called
himself the king.
Speaker 3 (12:53):
So yeah, used to be.
Speaker 1 (12:56):
But he's defecating on all of us, isn't he with
his fiscal policy. It's not just a protest.
Speaker 2 (13:01):
Well, I mean he'll maybe we'll go to the last
time when he needed a bail out. He got Wilburgh
Ross and the Ross Childs to come in, and maybe
that's what we're doing now, except we're doing it with
the entire nation. Maybe that's why case, that's what the
Federal Reserve is.
Speaker 1 (13:16):
Yeah, I mean that's why Scott Besson is there because
he broke the Bank of England with sorrows. So yeah,
they can break the Federal Reserve with this. I'm sure
both of them would love to do that. There was
an interesting article on Meanses and said, so what happens
when gold? You know, when's the next gold bubble burst?
And they went back and they looked at four previous times.
(13:36):
I thought that was kind of interesting, And as I'm
reading it, I thought, but these things have nothing to
do with the kind of time that we're in right now.
And in each of those cases, what they pointed out
was that people had lost all confidence in the Federal Reserve,
and then the Federal Reserve pull some trick, pull some
rabbit out of their hat to regain confidence, and that
was the thing that caused the you know, the the
(13:58):
increase and gold to collapse. But that's not what's going
to happen this time. I don't see that happening. I
think people have lost confidence. I think you've got other
things that are happening. People are even more aware with
a bitcoin of the fact that we've got to get
out of the manipulation by the Federal Reserve, and of
course countries all around the world are trying to set
(14:21):
up a new financial system for all of those reasons,
as well as a thirty eight trillion dollars and climbing
of debt that we've got. I think that this time
is completely different.
Speaker 3 (14:31):
I think so too. And that's a great point to
bring up.
Speaker 2 (14:35):
You know, you remember twenty and eleven and Ben Bernanki
came out and said, oh hey, we won't do that
with tarp funds and everything we've bailed out the big
banks scepter two thousand and eight, two thousand and nine,
and so about twenty eleven, gold hit over nineteen hundred
dollars an ounce and silver hit fifty, so it didn't
break its.
Speaker 3 (14:53):
All time high at that time.
Speaker 2 (14:55):
So that was that was a metric people were putting
their moving funds into physical gold and silver. It was
driving those prices up, and Ben Berneki said, we won't
do that again. We have everything stabilized. The markets are,
you know, are going.
Speaker 1 (15:08):
To be sorry. We caused the Great Depression finally, but
we won't do it again.
Speaker 3 (15:14):
Yes, we won't. We did, we did nineteen twenty nine.
We won't do this again. And you're right. It's a
different world now.
Speaker 2 (15:21):
And I don't think they are going to pull a
rabbit out of their hat, but it won't be the
Fiat rabbit. I think that they're going to do something.
I think they're going to reprice everything. This is a
there's going to be a great devaluation and a revaluation
in some way. I don't have all the answers to that.
I'm just this is what I'm reading in between. I
think part of commodities, gold silver, maybe even bitcoin, and
(15:46):
it'll have a lot to do with the digitization of
our currency.
Speaker 3 (15:50):
David.
Speaker 2 (15:50):
I think it'll have something to do with the stable coin,
the public private partnership thing that they're doing. Yes, again,
I don't have all the answers to that, but it
won't be a fiat.
Speaker 3 (15:59):
Rabbit are going to do something. It will be a
magic trick.
Speaker 1 (16:03):
Yeah, it'll agree. I think it's going to be something
about the stable coin, and I think they'll even as
they're doing now, they're putting in real estate and gold
and too tether and some of these other ones holding
that as well, so they'll be able to pivot and
use some of those things and try to give a
reality to what will essentially be a fiat. But that's
the other side of this thing as well. You know,
(16:25):
when we look at strictly the different financial things and
how this is a loss of confidence that we like
we have never seen before, and justly a loss of confidence.
There's also the CBDC, the digital ID, the digital cash,
the stable coin, all those types of things, which to
me that is even more important and more enduring than
(16:47):
the financial stuff because to be able to have something
that is physical, that is completely private that is outside
of the digital sphere. And the traceability and the trackability
of all that stuff, I think is to me that
is the key thing. It's not financial, but it's about privacy.
Speaker 2 (17:05):
I agree, it's very important to have something outside of
this system. And counterparty risk is another issue. And if
you've got lack of trust, that loss of trust that's happened,
and this happens. You know, we're in a fourth turning,
so you're talking about institutional turnover and the end of
certain old institutions and the beginning is with new ones.
Speaker 3 (17:25):
Perhaps, so trust is a factor.
Speaker 2 (17:28):
And you hold that I have a I was on
a podcast last night.
Speaker 3 (17:31):
I was showing them.
Speaker 2 (17:32):
I was like, I have a one ounce gold eagle
here on my desk and we bought here at the
shop and Dennison and this is mine, right, that's no,
there's no I don't have to worry about what's on
a ledger. I don't have to worry about uh, you know,
if the chairman of the board of that company is
embezzling or whatever I own is right, and I know
(17:52):
what I know what that's worth. So that that's the
issue with counterparty risk. And in a world where trust
is diminishing, it's very important to have something outside of
the system, and you know, not everything can be outside
of the system. And if you have to trust your
bank for the mortgage, have to do trust your company
that you get your car loan through. As a matter
of fact, I saw a metric today. I think it
(18:13):
was really telling. But car payments are at all time highs.
That's because cars cost more than they ever had. Yeah, yeah,
you know, like the pressure on consumers and that's that's.
Speaker 1 (18:24):
One of the thing that's been going through the financial
press this last week was the concern about several companies
that make car loans and a lot of people can't
pay back their car loans now because they're underwater and
financial things are getting difficult and they can't sell it
because the cars appreciate so quickly. And so there's even
(18:48):
been a lot of articles coming out of the UK
saying this could spread everywhere. That's not even talking about
the commercial real estate issues that Jeryl Slinty has been
talking about. But they're talking about bank failures just because
of subprime car loans and because of the massive expense
of cars today.
Speaker 2 (19:07):
Well, everything thrives off of debt and then eventually you
have to somebody has to get paid back.
Speaker 3 (19:12):
That's right, you know, that's the problem.
Speaker 2 (19:13):
With having an economy that's built off of cheap liquidity,
and we've been building that for a while now. That's
how they measure the metrics in that so called health
of the economy is lending in liquidity and so at
some level though, you have to pay it back.
Speaker 3 (19:31):
That's what happened in two thousand and eight.
Speaker 2 (19:33):
In two thousand and nine, prices because there was so
much Fiat floating around. Prices went up because people bought
cheap goods from overseas and whatever, and the consumption went up,
costs went up, and you had then eventually had to
make a decision whether you're going to put gas in
your car or pay your mortgage. And people put gas
in the car because it was four dollars a gallon
at one point, and that caused a cascading effect of defaults.
(20:00):
I think that's what that's another issue. You're absolutely right,
whether it's the commercial.
Speaker 3 (20:05):
Real estate crisis that's on the horizon.
Speaker 2 (20:07):
Or whether it's just a consumer debt issue with not
with you know, defaults coming in through the system.
Speaker 3 (20:15):
Those kind of things can set off a firestorm.
Speaker 2 (20:17):
And as volatile as everything is, I mean, one day
we'll wake up, we're going to go put one hundred
percent tariffs on China in the markets tank, you know,
like this is not something that we've been through before,
like that we're we also do that. And you've got
the weaponization of the of the Fiat dollar system worldwide
and the deolarization happening rapidly. So you're like loss of
(20:40):
purchasing power. I mean, David gold against the dollar, the
dollars lost fifty percent of its purchasing power against gold
in the last year alone. Yeah, that's just a So
this isn't this isn't normal what we're watching.
Speaker 1 (20:57):
And I think, well, and again if you look Loot
what Scott Bessant, did you know this outrageous thing that
they're doing with Argentina Because they're more concerned about Argentina
than they are America and the harm that Trump is
inflicted on them with his temper tariffs, they decide that
they're going to do currency swaps and they're going to
(21:17):
stabilize the Argentine peso and those things didn't do anything.
So again, their magic weapon, you know, the almighty dollar
that they've used to manipulate everything foreign and domestic. They
start using that weapon and they find out that they're
shooting blanks in Argentina. It had no effect whatsoever. And
(21:39):
I think that was a very telling moment that not
too many people talk about. But you know, Trump is
the perfect president for this time, for these people have
picked because as all these different things are coming together,
we've got this confluence of different factors that are economically ruinous.
He's going to be the guy who doesn't care. As
long as his name is on a building somewhere, or
(22:02):
he can build a ballroom somewhere, he doesn't care. That's
what Wilba Ross said about him with a Rothschild. He said,
look at this, this guy is so popular, we can
use him. And furthermore, he doesn't really care about running
the casino stuff as long as his name is on
the building, and so we can massage his ego and
we can work with him on that. And that's basically
(22:24):
what I think. The globalists have looked at Trump and
decided that they've got a guy here who will just
go along with whatever is happening and not care or
understand if he does. If he does understand he doesn't
care what is really happening.
Speaker 3 (22:40):
I think that's pretty apparent we've gone through.
Speaker 2 (22:43):
I mean, this is the second time he's ran the economy,
and I don't understand why we're not promoting free markets
and liberty. And if you wanted to actually make the
United States economy strong, you start incentivizing people to build things,
to put.
Speaker 3 (23:00):
Capital investments in.
Speaker 2 (23:02):
You know, you would start talking about eliminating certain regulations
or the tax code in general. You would go after that.
But we never do any of those things. And that's
really to tell that's right. If you wanted to put
the United States is the most competitive nation in the
world and get people from all over the planet to
build things here and make things here and put their
capital here, you just eliminate stuff like the corporate income tax.
Speaker 3 (23:25):
That'd be a great way to start.
Speaker 2 (23:27):
And you could do that, you know, with it because
you have a Republican Senate and have a Republican House,
and you've got the presidency. If you're really serious, you
could do that. And that's all theory, I know.
Speaker 1 (23:37):
But you said he'd rather manipulate the financial markets, which
tells you who's controlling him. You know, they come up
with these They come up with these financial schemes and
different ways to finesse things financially, rather than getting rid
of the fundamental problems, which are, as you point out,
regulation and things like that. That is, the government boot
(23:57):
is still on the neck of the business. Says that
he said were not central and so it's always, you know,
some new trick, some manipulation, some instead of a fiat currency,
a fiat orders about taxes or this or that. So, yeah,
the fiat tariffs are going to destroy the fiat currency.
Speaker 3 (24:19):
I agree with that, and that's it's alarming.
Speaker 2 (24:24):
That was kind of the black swan event coming out
of in twenty twenty four into twenty twenty five, the
thread of tariffs on commodities, and that's when I think
that's when.
Speaker 3 (24:33):
This whole thing started to the.
Speaker 2 (24:35):
Damn broke, because you're right about last year he and
how we're talking, gold and silver was on sale because
we're going to have this massive crypto boom. You know,
they're going to have a strategic bitcoin reserve and all
this stuff that's going to happen with crypto, and you
don't need that gold and silver because the markets are
going to be so crazy well, they weren't. We went
(24:55):
out and said, hey, let's tariff. And not that I'm
opposed to tariff, especially when they're strategic, but it wasn't.
Speaker 3 (25:01):
It was blanking, it wasn't.
Speaker 1 (25:02):
And it was just just based on his mood that
morning or.
Speaker 3 (25:05):
Last night or whatever. You can't depend on.
Speaker 1 (25:07):
Yeah, somebody said something that got him upset. Okay, one
hundred percent terraff now back on China. And so that
was what all these different cattle associations were saying, one
after the other, and they said, you know, we've got
to have stability. We got to have stability and prices.
We've got to have transparency so people know what that's
going to be and we can't have this constant chaos
(25:27):
and this whiplash back and forth. It's destroying everything, not
just the cattle industry. And I point out, you know,
that's what the Chicago Border Trade was set up to do,
to make sure that farmers knew what the price is
going to be when they brought their product produce to market.
In a few months. Trump is destroying all of this
for every kind of business, not just the agricultural business,
(25:48):
but also for manufacturing for retail, for large and small.
Nobody knows what's going on because he's just constantly whipping
things back and forth. It's just total chaos, total chaos
for chaos sake. Yeah, that's what that's to me.
Speaker 2 (26:02):
That's the only explanation is just creative destruction and hiding
behind the guys of this is there's a plan here.
There's no no, not a plan to help you anyway.
And I see people struggling, That's what you know. Primarily,
that's what I see right now. And I see it
in the markets, and I see it in people that
are selling products to me. I see it out on
(26:24):
the street, you know, when I'm working, you know, taking
stuff to the bank or anything that I'm interacting with
the public.
Speaker 3 (26:31):
I see what's going on. And it's not a healthy economy.
Speaker 2 (26:34):
And there's more I think turmoil ahead.
Speaker 3 (26:37):
That's right.
Speaker 1 (26:38):
The plan is for you to trust them, because the
plan is a con game, a bunch of con men.
And that's why I'm very concerned about this con that
is a stable coin and they're not tying it to
stable things, and it's not a coin. All this stuff
is just it's just one one thing after the other,
(26:59):
one con game or the other of this there, Well,
tell us a little bit about it. I know you've
been super busy at Wisewell. Tell us a little bit
about what's what's going on there, what you're what you're
into right now.
Speaker 2 (27:10):
Well, I think the name of the game right now
is going to be a supply and speed and ability
to continue to transact business. It's getting a little bit
harder to do, but not impossible, and I've built my
business to be able to sustain. I didn't quite plan
just for this, but it's something that was akin to this,
and so right now just trying to keep everything supplied
(27:35):
and make sure people get products. I think that the
lull and prices will allow things to cool off a bit,
but I wouldn't surprise me at all if we have
another run.
Speaker 3 (27:46):
Here soon, especially if.
Speaker 2 (27:49):
The geopolitically, if there's any sort of tension or break
in the patterns that we're seeing right now with trade talks,
or if there's anything on the horizon for any sort
of tension, metals are still primed to go.
Speaker 3 (28:01):
You could have some more pullback too.
Speaker 2 (28:02):
But it's to me, it's not about the you know,
the investment side of it. It's more of watching this
and you're right you mentioned earlier about it. I think
there is a number that if gold hits that it
starts showing the I mean, it is showing the weakness
of the dollar. But I think that that's when the
like eclipse is the dollar and becomes the gold supplants
(28:26):
the dollar once and for all is the the most
held reserve asset. And once that happens, we're gonna I mean,
there's going to be some real consequences internally for us economically,
and and it may have it may have a cascading effect.
I'm not sure, but I think that price is probably somewhere,
like you said, in about the mid five thousands, I
(28:48):
think that's when you'll see central banks that will eclipse
that most held reserve asset. So I'm watching everything leading
up to that. They was kind of planning for next
but we're just digging in. I'm definitely not doing any
more locations.
Speaker 1 (29:04):
And of course you know this. Jamie demon said that
this last week, well I could see gold going five
to ten thousand dollars an ounce, but he said, I'm
not going to buy any of it. So he's not
trying to get people to buy gold or silver. But
he could see that happening, and that's on the low
end where you have a major disruption in the world's
financial systems. But of course the major disruption in the
(29:24):
financial system is a self inflicted wound, both by Biden
and also now by Trump. All these sanctions that were done,
and you know, war and talk about war is another
thing that also drives gold. So you stop and think about,
you know, the fiscal policy, the debt, what the Federal
Reserve is doing with interest rates. All these different things
(29:46):
are affecting the price of gold. Wars affect the price
of gold. And then of course he's got this other
factor which is trying to set up some kind of
a digital currency that's going All these things are driving
people into gold and silver.
Speaker 2 (30:02):
I think, yeah, so many factors, and you know, I
think the big picture, and you look at all of
the rest of the supposed wealth in the world, and
what a fraction of a fraction the actual gold market is.
We've just we've just begun same thing with bitcoin and silver.
We've just begun to get the market share of this
(30:23):
revolution and money that's going on right now. They're going
to do and there's a new valuation coming there's going
to be a devaluation of the old and a revaluation
of the new, and they'll take these commodities will be repriced.
I don't know what the price is going to be, yeah,
but definitely do something new. And we're just we're in
this stream of history. It's it's interesting, David. It's a
privilege to be here.
Speaker 1 (30:44):
Yeah, and you've got to be very careful, move very
quickly because I mean, you know, the largest silver refiner
in India can't get this whole, can't get a hold
of any silver in the London. Markets are out of it.
I mean, things are going to get really difficult. So
it's a great way to gradually save money, put it
into some asset that is not a rapidly depreciating asset.
(31:07):
And again Wise Wolf Gold and their wolf Pack is
one way that you can do that great way to
gradually save money and to start trying to get yourself
into having a little bit of an stagg and a
little bit of a backup plan there. And I know
a lot of people who have benefited from it. We've
been infited from it. We've had some people who have
sent us some things from Wise Wolf. I really am
(31:29):
appreciative of that, and so it's a great thing. We've
been able to see the kind of work that you do.
Appreciate what you do, Tony. Appreciate your support for the
program as well. I appreciate you.
Speaker 3 (31:41):
David.
Speaker 1 (31:41):
Thank you. So do you have any broadcasts? Usually on
a Thursday, you've got a broadcast that's coming up, but
you haven't been able to do the broadcast.
Speaker 3 (31:48):
I've been able to do my show.
Speaker 2 (31:49):
I've had to run best of it, and I think
maybe next week we'll have a new show. But today
I've got interviews as soon as I leave this show,
and I've got the shop opening up, so I don't
be busy.
Speaker 1 (32:01):
Well, I appreciate I know how busy are. I appreciate
you taking the time to come on. It's always great
talking to you. Love your insights. Tony Ardeman of Wisewolf
Gold and you can get to Tony if you go
to Davidknight dot Cold, then'll let him know that you
came through us. Thank you so much to me. Appreciate
it all right, Take care the common Man. They created
(32:32):
common Core, dumbed down our children. They created common Past
Track and Control us their Commons project to make sure
the commoners own nothing and the communist future. They see
the common man as simple, not sophisticated ordinary. But each
of us has worth and dignity created in the image
(32:54):
of God. That is what we have in common. That
is what they want to do take away. Their most
powerful weapons are isolation, deception, intimidation. They desire to know
everything about us, while they hide everything from us. It's
time to turn that around and expose what they want
(33:15):
to hide. Please share the information and links you'll find
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for sharing. If you can't support us financially, please keep
us in your prayers. Ddavidnightshow dot com
All right, folks, welcome back and joining us today rather
than on a Thursday is Tony Ardeman of Wisewolf Gold
And of course if you go to Davidnight dot Gold,
that'll take you to Wisewolf and let him know that
you came through us. Tony switched days because it has
been so hectic. The golf market, like everything else, is
(00:27):
one of the first places, I guess where some of
the deliberate chaos that is being sown into the global
economy is showing up in the financial markets, and so
we've seen a lot of stuff moving. What's going on today, Tony,
thanks for joining us. What's going on in the markets?
Speaker 2 (00:41):
Well, first of all, good to see you again, David,
And yeah, sorry I hadn't been able to make it
on my usual Thursdays.
Speaker 3 (00:47):
My schedule is all over the place, and I think.
Speaker 2 (00:49):
If you're watching the metals markets, you know why. And
it's really just trying to figure out what's next.
Speaker 3 (00:57):
I mean, there's a.
Speaker 2 (00:59):
On one side, you this avalanche of supply and some
of the big wholesalers stop buying. On the other side,
we've got a supply deficit and people can't source products,
and you know, the trades are two or three weeks out,
so it is a it is a.
Speaker 3 (01:14):
Really interesting thing.
Speaker 2 (01:15):
It's a really interesting time to be in the gold
and silver business. So I've been having to stay pretty
nimble and but luckily for us, we did a little
bit of pre planning for this, so we had inventory
covered for wolf pack and other things, and I've just
been I think the key thing that I've been able
to do is be mobile. So I've been back and
(01:37):
forth between Missouri and Texas and taking inventory there, bringing
inventory from there to liquidate.
Speaker 3 (01:44):
So just staying on top of that.
Speaker 2 (01:45):
It's a It has definitely increased my travel time, but
I'm thankful for it.
Speaker 3 (01:52):
There's a lot going on.
Speaker 1 (01:53):
Well, you know, I don't know how it affected you,
but I talked about this yesterday the day before about
what happened was so and basically, from what I understand,
the markets in London couldn't fill the silver orders for people.
Part of it was because of an Indian religious festival.
They weren't accumulating excrement like wech earlier we at the
(02:17):
Boop Festival, but this was about collecting wealth and so
typically they would collect gold. This year, a lot of
influencers in India said silver. So there was this huge
run on silver and it affected markets all the way
from India to London because even though London had some silver,
a lot of it was already spoken for in locked
(02:37):
down because of the paper silver, the ETFs and things
like that.
Speaker 3 (02:41):
Did you see that happening, I bet you, and I've
followed that story.
Speaker 2 (02:45):
I'm following the other there's you know, stories in that
periphery about billion supplies and paperback silver that I've been
watching closely. We've discussed the nation state involvement in a
key emulating silver, and I think that is what's putting
the pressure on paper silver to and it's exposing paper
(03:07):
silver for everything that they've done for the past many decades.
Speaker 3 (03:11):
Yeah, I reme the catalyst.
Speaker 2 (03:13):
I think Russia putting silver as a strategic reserve asset
was really important and whatever pressure that is. And I
think China is calling the bluff of London too. I
think there's some behind the scenes stuff going on with these,
you know, the bullion houses and the contracts. I think
(03:34):
that the Nation states are getting involved now and I
think that's why we're seeing them break.
Speaker 1 (03:38):
Yeah. I showed the one chart and It was really
kind of crazy. They had the actual spot price of
silver and they are gold, and then they had what
the ETF prices were, and they were two separate lines,
you know, one of them. Then they crossed at one
point that they actually got the same for just one
(03:58):
point when they crossed. But you know, sometimes it was
much higher than the actual price is over sometimes as
much lower. But they didn't track and I always saw
that as a big red flag of something going on.
Speaker 2 (04:11):
Yeah, and none of the shenanigans have taken place, None
of the papers selloffs have happened like they had back
in February of twenty twenty one. None of that's taken place.
So the price suppression game, they just may not be
able to do it anymore, at least not on the
level that has been done in the past. So I
would keep watching these stories unravel about contract exposure and
(04:36):
what's actually on the books and then what can be delivered.
I think, you know, this is about trust and a
worldwide I mean trust is diminishing them because of things
like our own currency system and the weaponization of the dollar.
So trust being a factor there, people are going to
start I think nation states, entities will start demanding physical.
Speaker 1 (05:00):
Yeah, speaking of physical You've talked about this quite a bit,
the urban mining of gold and silver, and there was
a long article from the New York Times talking about
the diamond market there and people taking their jewelry in
there to take advantage of the higher prices for gold
and silver. Of course, they were not looking at long
term things. One lady brought in her jewelry and made
(05:23):
like four or five thousand dollars off it. She's going
to take a trip, but yeah, it'd be kind. People
need liquidity, and I think that's one of the things
that people were saying. Besides this regular profit taking. You
had a Federal Reserve. Somebody who'd been associated with Federal
Reserve as an analyst and she now has her own
(05:44):
reporting in her own firm that she runs, and she
said she thought this was part of this was a
liquidity freeze for people. She said to me, I look
at this and I see a liquidity crisis that's very
similar to March of twenty twenty. And she said, if
you go to cash out stuff, you need to cover
things in a liquidic crisis because you've got margin calls
(06:06):
or this or that you're going to take your biggest
winter and you're going to liquidate that. What do you
think is going on with all this? Is this simply
just profit taking? Or like this woman is saying, do
you think that there's some other issues with other financial
markets it's causing people to have to liquidate things.
Speaker 3 (06:23):
No, I think it's all the above.
Speaker 2 (06:25):
And people are urban gold mining, and there's people coming
into both of my shops and Dennis and Branson, and
we're buying a lot of scrap jewelry, old coins, things
that you know, we can always melt. And with the
prices that the way they are, it's worth people going
out and looking and finding and turning things in and
(06:46):
maybe even getting back the jewelry price they paid for
it if they bought it many many years ago.
Speaker 3 (06:50):
They can get all that back at least in dollars.
Speaker 2 (06:53):
So we're seeing that at a really good pace, and
I think that's only going to continue. But there's also
mass profit taking in some sectors, and of course, you
know there's some psychological stuff going on with the pullback,
and you and I were laughing off air, it's like
gold dropped from forty three hundred plus dollars an ounce
down to close to four thousand dollars an ounce, and
(07:15):
it was like, oh, that's the worst drop it's had.
Speaker 3 (07:17):
And this is the you know, gold got wiped out.
Speaker 2 (07:20):
And I'm like, it's over four thousand dollars an ounce,
it's gonna be fine. It's a forty one to twenty
right now as we speak. So I think a lot
of that's profit taking and you'll see that too.
Speaker 3 (07:33):
Silver was interesting.
Speaker 2 (07:35):
When silver broke its new all time high last week
or so, we had people coming in and trying to
sell me everything that was silver, and the refiners, all
major refiners that I know I haven't found one yet, stopped.
They stopped buying any scrap silver. They said, we just
can't do it. We're we're too busy. So at any
(07:55):
price they would not buy it, and not that it's
not worth anything.
Speaker 3 (07:58):
And I'm still buying.
Speaker 2 (08:00):
I just had to lower my prices of what I
buy it for and I'm just stacking it in the
back until they can melt it.
Speaker 1 (08:05):
So the last part of that story out of India,
it was a guy that had been in business for
three decades or so and his company was the largest
silver refiner there in India. Couldn't find any silver. They
were completely out of it. It amazing.
Speaker 3 (08:20):
Yeah, it's interesting.
Speaker 2 (08:22):
There's certain things that the refiners here, like in Dallas,
stopped buying, and.
Speaker 3 (08:28):
Gold has never been an issue.
Speaker 2 (08:29):
They're buying the goal, but they would go all over
the place on silver. So there's such a it's such
a mixed bag with that market and understanding silver and
understanding the supply issue and what people want and how.
Speaker 3 (08:42):
You can get liquidity.
Speaker 2 (08:44):
But I think right now that's been there's some cooling
off and prices have.
Speaker 3 (08:48):
Dipped below that fifty dollars mark.
Speaker 2 (08:50):
So this is like one of those I think a
good time just to get into silver. It's like it'd
pulled back. So I'm ordering right now, like I'm pushing
the buy button on a whole bunch of products that
I put into a wolf pack. So every day that
I'm watching a little bit of red, that's fine. I
did the same thing with gold. When gold went to
four thousand, I said, okay, I owed some inventory, so
(09:13):
I bought five ounces. It's it's fun whenever these prices
go down. I'm a buyer, you know. So a lot
of people.
Speaker 1 (09:22):
Remember a year ago when you know, Trump won the
election and gold took a dive and I said, it's
just on sale because none of the fundamentals have really changed.
I mean, just take a look at this last week,
just the last day or so. Here's the debt clock.
This is the thing. I remember Thomas Massey bought a
whole bunch of these national debt clocks that are constantly,
(09:45):
you know, flipping around and going up, and he handed
him out to the incoming new congress people. Right, here's
this for your little pell just to remind you what's
going on the national debt. And this shows one of
those thirty eight trillion. But as even though they were
looking for it, they it was moving so quickly that
when they when it hit thirty eight trillion, they tried
(10:08):
to take a picture of it, but it was already
added another eighty three thousand before the picture was taken
because the thing was flipping around so much. So the
bottom line is is that all of these fundamentals, nothing
has fundamentally changed. There's going to be profit taking as
people do in the markets. Nothing is a straight line,
and it's always going to be a lot of noise
as people are taking profits and other things like that.
(10:28):
But the fundamentals have not changed, No, not at all.
Speaker 2 (10:31):
And I mean you look at I read a lot
of the Kitko analysts and some of the people that
they bring on, and you'll talk about things like, oh, well,
the trade tensions have lessened with China, so it's a
good time, and you'll see a little pullback in price.
Speaker 3 (10:45):
But again, big picture fundamentals, the.
Speaker 2 (10:49):
Dollar, the dedollarization, the issue with our debt, and you
mentioned the thirty eight trillion you know metrics on that
where we were one trillion dollars the last time silver
had another had its all time ISO in.
Speaker 3 (11:02):
Forty five years.
Speaker 2 (11:03):
We've added thirty seven trillion dollars in debt and that's
only going to.
Speaker 3 (11:07):
Accelerate them eight thirty eight now, yeah, it's thirty eight now,
so I can't keep track of it. That's right.
Speaker 2 (11:15):
Now we've added this massive amount of debt, and not
to mention the unfunded liabilities, and then you have the
geopolitical risk of the foreign policy and the trip wires
that we have all over the world. Now that the
metrics and why you would want to be outside of
this system are there, I mean, for the first time,
(11:35):
central banks now own more gold than they do US
treasuries and it's only a matter of time before central
banks hold more gold than they do US dollars.
Speaker 3 (11:46):
It's only a matter of time.
Speaker 2 (11:47):
It's not that it's not going to happen, because right
now it's the dollars number one as a Tier one
asset via the Bank of International Settlements. The number two
used to be the euro and it got supplanted by
gold last year.
Speaker 3 (12:00):
Yeah, so when to get.
Speaker 1 (12:03):
I think when he gets up in the mid five
thousands or something, that'll be uh, you know, it'll be
the number one, the tier one asset. You know, it's
kind of interesting to when we talk about this debt.
The federal debt rose by trillion dollars in a little
over two months, which is the fastest rate of growth
outside of the pandemic. And of course when did that
(12:23):
happen during the pandemic. That was Trump and he wanted
to get Massy out because Massy opposed him on that.
Trump doesn't care a whit about debt and deficits and
things like that. We saw that from his bankruptcy of
the casinos that were out there, and so somebody that
doesn't really care about debt, what eventually happens is bankruptcy
and that's where he's taking us as a country as well.
Speaker 3 (12:46):
Right, Well, that's what he said. He used to call
himself the King of debt.
Speaker 1 (12:49):
Yeah, that's what he called himself, and I just called
himself the king.
Speaker 3 (12:53):
So yeah, used to be.
Speaker 1 (12:56):
But he's defecating on all of us, isn't he with
his fiscal policy. It's not just a protest.
Speaker 2 (13:01):
Well, I mean he'll maybe we'll go to the last
time when he needed a bail out. He got Wilburgh
Ross and the Ross Childs to come in, and maybe
that's what we're doing now, except we're doing it with
the entire nation. Maybe that's why case, that's what the
Federal Reserve is.
Speaker 1 (13:16):
Yeah, I mean that's why Scott Besson is there because
he broke the Bank of England with sorrows. So yeah,
they can break the Federal Reserve with this. I'm sure
both of them would love to do that. There was
an interesting article on Meanses and said, so what happens
when gold? You know, when's the next gold bubble burst?
And they went back and they looked at four previous times.
(13:36):
I thought that was kind of interesting, And as I'm
reading it, I thought, but these things have nothing to
do with the kind of time that we're in right now.
And in each of those cases, what they pointed out
was that people had lost all confidence in the Federal Reserve,
and then the Federal Reserve pull some trick, pull some
rabbit out of their hat to regain confidence, and that
was the thing that caused the you know, the the
(13:58):
increase and gold to collapse. But that's not what's going
to happen this time. I don't see that happening. I
think people have lost confidence. I think you've got other
things that are happening. People are even more aware with
a bitcoin of the fact that we've got to get
out of the manipulation by the Federal Reserve, and of
course countries all around the world are trying to set
(14:21):
up a new financial system for all of those reasons,
as well as a thirty eight trillion dollars and climbing
of debt that we've got. I think that this time
is completely different.
Speaker 3 (14:31):
I think so too. And that's a great point to
bring up.
Speaker 2 (14:35):
You know, you remember twenty and eleven and Ben Bernanki
came out and said, oh hey, we won't do that
with tarp funds and everything we've bailed out the big
banks scepter two thousand and eight, two thousand and nine,
and so about twenty eleven, gold hit over nineteen hundred
dollars an ounce and silver hit fifty, so it didn't
break its.
Speaker 3 (14:53):
All time high at that time.
Speaker 2 (14:55):
So that was that was a metric people were putting
their moving funds into physical gold and silver. It was
driving those prices up, and Ben Berneki said, we won't
do that again. We have everything stabilized. The markets are,
you know, are going.
Speaker 1 (15:08):
To be sorry. We caused the Great Depression finally, but
we won't do it again.
Speaker 3 (15:14):
Yes, we won't. We did, we did nineteen twenty nine.
We won't do this again. And you're right. It's a
different world now.
Speaker 2 (15:21):
And I don't think they are going to pull a
rabbit out of their hat, but it won't be the
Fiat rabbit. I think that they're going to do something.
I think they're going to reprice everything. This is a
there's going to be a great devaluation and a revaluation
in some way. I don't have all the answers to that.
I'm just this is what I'm reading in between. I
think part of commodities, gold silver, maybe even bitcoin, and
(15:46):
it'll have a lot to do with the digitization of
our currency.
Speaker 3 (15:50):
David.
Speaker 2 (15:50):
I think it'll have something to do with the stable coin,
the public private partnership thing that they're doing. Yes, again,
I don't have all the answers to that, but it
won't be a fiat.
Speaker 3 (15:59):
Rabbit are going to do something. It will be a
magic trick.
Speaker 1 (16:03):
Yeah, it'll agree. I think it's going to be something
about the stable coin, and I think they'll even as
they're doing now, they're putting in real estate and gold
and too tether and some of these other ones holding
that as well, so they'll be able to pivot and
use some of those things and try to give a
reality to what will essentially be a fiat. But that's
the other side of this thing as well. You know,
(16:25):
when we look at strictly the different financial things and
how this is a loss of confidence that we like
we have never seen before, and justly a loss of confidence.
There's also the CBDC, the digital ID, the digital cash,
the stable coin, all those types of things, which to
me that is even more important and more enduring than
(16:47):
the financial stuff because to be able to have something
that is physical, that is completely private that is outside
of the digital sphere. And the traceability and the trackability
of all that stuff, I think is to me that
is the key thing. It's not financial, but it's about privacy.
Speaker 2 (17:05):
I agree, it's very important to have something outside of
this system. And counterparty risk is another issue. And if
you've got lack of trust, that loss of trust that's happened,
and this happens. You know, we're in a fourth turning,
so you're talking about institutional turnover and the end of
certain old institutions and the beginning is with new ones.
Speaker 3 (17:25):
Perhaps, so trust is a factor.
Speaker 2 (17:28):
And you hold that I have a I was on
a podcast last night.
Speaker 3 (17:31):
I was showing them.
Speaker 2 (17:32):
I was like, I have a one ounce gold eagle
here on my desk and we bought here at the
shop and Dennison and this is mine, right, that's no,
there's no I don't have to worry about what's on
a ledger. I don't have to worry about uh, you know,
if the chairman of the board of that company is
embezzling or whatever I own is right, and I know
(17:52):
what I know what that's worth. So that that's the
issue with counterparty risk. And in a world where trust
is diminishing, it's very important to have something outside of
the system, and you know, not everything can be outside
of the system. And if you have to trust your
bank for the mortgage, have to do trust your company
that you get your car loan through. As a matter
of fact, I saw a metric today. I think it
(18:13):
was really telling. But car payments are at all time highs.
That's because cars cost more than they ever had. Yeah, yeah,
you know, like the pressure on consumers and that's that's.
Speaker 1 (18:24):
One of the thing that's been going through the financial
press this last week was the concern about several companies
that make car loans and a lot of people can't
pay back their car loans now because they're underwater and
financial things are getting difficult and they can't sell it
because the cars appreciate so quickly. And so there's even
(18:48):
been a lot of articles coming out of the UK
saying this could spread everywhere. That's not even talking about
the commercial real estate issues that Jeryl Slinty has been
talking about. But they're talking about bank failures just because
of subprime car loans and because of the massive expense
of cars today.
Speaker 2 (19:07):
Well, everything thrives off of debt and then eventually you
have to somebody has to get paid back.
Speaker 3 (19:12):
That's right, you know, that's the problem.
Speaker 2 (19:13):
With having an economy that's built off of cheap liquidity,
and we've been building that for a while now. That's
how they measure the metrics in that so called health
of the economy is lending in liquidity and so at
some level though, you have to pay it back.
Speaker 3 (19:31):
That's what happened in two thousand and eight.
Speaker 2 (19:33):
In two thousand and nine, prices because there was so
much Fiat floating around. Prices went up because people bought
cheap goods from overseas and whatever, and the consumption went up,
costs went up, and you had then eventually had to
make a decision whether you're going to put gas in
your car or pay your mortgage. And people put gas
in the car because it was four dollars a gallon
at one point, and that caused a cascading effect of defaults.
(20:00):
I think that's what that's another issue. You're absolutely right,
whether it's the commercial.
Speaker 3 (20:05):
Real estate crisis that's on the horizon.
Speaker 2 (20:07):
Or whether it's just a consumer debt issue with not
with you know, defaults coming in through the system.
Speaker 3 (20:15):
Those kind of things can set off a firestorm.
Speaker 2 (20:17):
And as volatile as everything is, I mean, one day
we'll wake up, we're going to go put one hundred
percent tariffs on China in the markets tank, you know,
like this is not something that we've been through before,
like that we're we also do that. And you've got
the weaponization of the of the Fiat dollar system worldwide
and the deolarization happening rapidly. So you're like loss of
(20:40):
purchasing power. I mean, David gold against the dollar, the
dollars lost fifty percent of its purchasing power against gold
in the last year alone. Yeah, that's just a So
this isn't this isn't normal what we're watching.
Speaker 1 (20:57):
And I think, well, and again if you look Loot
what Scott Bessant, did you know this outrageous thing that
they're doing with Argentina Because they're more concerned about Argentina
than they are America and the harm that Trump is
inflicted on them with his temper tariffs, they decide that
they're going to do currency swaps and they're going to
(21:17):
stabilize the Argentine peso and those things didn't do anything.
So again, their magic weapon, you know, the almighty dollar
that they've used to manipulate everything foreign and domestic. They
start using that weapon and they find out that they're
shooting blanks in Argentina. It had no effect whatsoever. And
(21:39):
I think that was a very telling moment that not
too many people talk about. But you know, Trump is
the perfect president for this time, for these people have
picked because as all these different things are coming together,
we've got this confluence of different factors that are economically ruinous.
He's going to be the guy who doesn't care. As
long as his name is on a building somewhere, or
(22:02):
he can build a ballroom somewhere, he doesn't care. That's
what Wilba Ross said about him with a Rothschild. He said,
look at this, this guy is so popular, we can
use him. And furthermore, he doesn't really care about running
the casino stuff as long as his name is on
the building, and so we can massage his ego and
we can work with him on that. And that's basically
(22:24):
what I think. The globalists have looked at Trump and
decided that they've got a guy here who will just
go along with whatever is happening and not care or
understand if he does. If he does understand he doesn't
care what is really happening.
Speaker 3 (22:40):
I think that's pretty apparent we've gone through.
Speaker 2 (22:43):
I mean, this is the second time he's ran the economy,
and I don't understand why we're not promoting free markets
and liberty. And if you wanted to actually make the
United States economy strong, you start incentivizing people to build things,
to put.
Speaker 3 (23:00):
Capital investments in.
Speaker 2 (23:02):
You know, you would start talking about eliminating certain regulations
or the tax code in general. You would go after that.
But we never do any of those things. And that's
really to tell that's right. If you wanted to put
the United States is the most competitive nation in the
world and get people from all over the planet to
build things here and make things here and put their
capital here, you just eliminate stuff like the corporate income tax.
Speaker 3 (23:25):
That'd be a great way to start.
Speaker 2 (23:27):
And you could do that, you know, with it because
you have a Republican Senate and have a Republican House,
and you've got the presidency. If you're really serious, you
could do that. And that's all theory, I know.
Speaker 1 (23:37):
But you said he'd rather manipulate the financial markets, which
tells you who's controlling him. You know, they come up
with these They come up with these financial schemes and
different ways to finesse things financially, rather than getting rid
of the fundamental problems, which are, as you point out,
regulation and things like that. That is, the government boot
(23:57):
is still on the neck of the business. Says that
he said were not central and so it's always, you know,
some new trick, some manipulation, some instead of a fiat currency,
a fiat orders about taxes or this or that. So, yeah,
the fiat tariffs are going to destroy the fiat currency.
Speaker 3 (24:19):
I agree with that, and that's it's alarming.
Speaker 2 (24:24):
That was kind of the black swan event coming out
of in twenty twenty four into twenty twenty five, the
thread of tariffs on commodities, and that's when I think
that's when.
Speaker 3 (24:33):
This whole thing started to the.
Speaker 2 (24:35):
Damn broke, because you're right about last year he and
how we're talking, gold and silver was on sale because
we're going to have this massive crypto boom. You know,
they're going to have a strategic bitcoin reserve and all
this stuff that's going to happen with crypto, and you
don't need that gold and silver because the markets are
going to be so crazy well, they weren't. We went
(24:55):
out and said, hey, let's tariff. And not that I'm
opposed to tariff, especially when they're strategic, but it wasn't.
Speaker 3 (25:01):
It was blanking, it wasn't.
Speaker 1 (25:02):
And it was just just based on his mood that
morning or.
Speaker 3 (25:05):
Last night or whatever. You can't depend on.
Speaker 1 (25:07):
Yeah, somebody said something that got him upset. Okay, one
hundred percent terraff now back on China. And so that
was what all these different cattle associations were saying, one
after the other, and they said, you know, we've got
to have stability. We got to have stability and prices.
We've got to have transparency so people know what that's
going to be and we can't have this constant chaos
(25:27):
and this whiplash back and forth. It's destroying everything, not
just the cattle industry. And I point out, you know,
that's what the Chicago Border Trade was set up to do,
to make sure that farmers knew what the price is
going to be when they brought their product produce to market.
In a few months. Trump is destroying all of this
for every kind of business, not just the agricultural business,
(25:48):
but also for manufacturing for retail, for large and small.
Nobody knows what's going on because he's just constantly whipping
things back and forth. It's just total chaos, total chaos
for chaos sake. Yeah, that's what that's to me.
Speaker 2 (26:02):
That's the only explanation is just creative destruction and hiding
behind the guys of this is there's a plan here.
There's no no, not a plan to help you anyway.
And I see people struggling, That's what you know. Primarily,
that's what I see right now. And I see it
in the markets, and I see it in people that
are selling products to me. I see it out on
(26:24):
the street, you know, when I'm working, you know, taking
stuff to the bank or anything that I'm interacting with
the public.
Speaker 3 (26:31):
I see what's going on. And it's not a healthy economy.
Speaker 2 (26:34):
And there's more I think turmoil ahead.
Speaker 3 (26:37):
That's right.
Speaker 1 (26:38):
The plan is for you to trust them, because the
plan is a con game, a bunch of con men.
And that's why I'm very concerned about this con that
is a stable coin and they're not tying it to
stable things, and it's not a coin. All this stuff
is just it's just one one thing after the other,
(26:59):
one con game or the other of this there, Well,
tell us a little bit about it. I know you've
been super busy at Wisewell. Tell us a little bit
about what's what's going on there, what you're what you're
into right now.
Speaker 2 (27:10):
Well, I think the name of the game right now
is going to be a supply and speed and ability
to continue to transact business. It's getting a little bit
harder to do, but not impossible, and I've built my
business to be able to sustain. I didn't quite plan
just for this, but it's something that was akin to this,
and so right now just trying to keep everything supplied
(27:35):
and make sure people get products. I think that the
lull and prices will allow things to cool off a bit,
but I wouldn't surprise me at all if we have
another run.
Speaker 3 (27:46):
Here soon, especially if.
Speaker 2 (27:49):
The geopolitically, if there's any sort of tension or break
in the patterns that we're seeing right now with trade talks,
or if there's anything on the horizon for any sort
of tension, metals are still primed to go.
Speaker 3 (28:01):
You could have some more pullback too.
Speaker 2 (28:02):
But it's to me, it's not about the you know,
the investment side of it. It's more of watching this
and you're right you mentioned earlier about it. I think
there is a number that if gold hits that it
starts showing the I mean, it is showing the weakness
of the dollar. But I think that that's when the
like eclipse is the dollar and becomes the gold supplants
(28:26):
the dollar once and for all is the the most
held reserve asset. And once that happens, we're gonna I mean,
there's going to be some real consequences internally for us economically,
and and it may have it may have a cascading effect.
I'm not sure, but I think that price is probably somewhere,
like you said, in about the mid five thousands, I
(28:48):
think that's when you'll see central banks that will eclipse
that most held reserve asset. So I'm watching everything leading
up to that. They was kind of planning for next
but we're just digging in. I'm definitely not doing any
more locations.
Speaker 1 (29:04):
And of course you know this. Jamie demon said that
this last week, well I could see gold going five
to ten thousand dollars an ounce, but he said, I'm
not going to buy any of it. So he's not
trying to get people to buy gold or silver. But
he could see that happening, and that's on the low
end where you have a major disruption in the world's
financial systems. But of course the major disruption in the
(29:24):
financial system is a self inflicted wound, both by Biden
and also now by Trump. All these sanctions that were done,
and you know, war and talk about war is another
thing that also drives gold. So you stop and think about,
you know, the fiscal policy, the debt, what the Federal
Reserve is doing with interest rates. All these different things
(29:46):
are affecting the price of gold. Wars affect the price
of gold. And then of course he's got this other
factor which is trying to set up some kind of
a digital currency that's going All these things are driving
people into gold and silver.
Speaker 2 (30:02):
I think, yeah, so many factors, and you know, I
think the big picture, and you look at all of
the rest of the supposed wealth in the world, and
what a fraction of a fraction the actual gold market is.
We've just we've just begun same thing with bitcoin and silver.
We've just begun to get the market share of this
(30:23):
revolution and money that's going on right now. They're going
to do and there's a new valuation coming there's going
to be a devaluation of the old and a revaluation
of the new, and they'll take these commodities will be repriced.
I don't know what the price is going to be, yeah,
but definitely do something new. And we're just we're in
this stream of history. It's it's interesting, David. It's a
privilege to be here.
Speaker 1 (30:44):
Yeah, and you've got to be very careful, move very
quickly because I mean, you know, the largest silver refiner
in India can't get this whole, can't get a hold
of any silver in the London. Markets are out of it.
I mean, things are going to get really difficult. So
it's a great way to gradually save money, put it
into some asset that is not a rapidly depreciating asset.
(31:07):
And again Wise Wolf Gold and their wolf Pack is
one way that you can do that great way to
gradually save money and to start trying to get yourself
into having a little bit of an stagg and a
little bit of a backup plan there. And I know
a lot of people who have benefited from it. We've
been infited from it. We've had some people who have
sent us some things from Wise Wolf. I really am
(31:29):
appreciative of that, and so it's a great thing. We've
been able to see the kind of work that you do.
Appreciate what you do, Tony. Appreciate your support for the
program as well. I appreciate you.
Speaker 3 (31:41):
David.
Speaker 1 (31:41):
Thank you. So do you have any broadcasts? Usually on
a Thursday, you've got a broadcast that's coming up, but
you haven't been able to do the broadcast.
Speaker 3 (31:48):
I've been able to do my show.
Speaker 2 (31:49):
I've had to run best of it, and I think
maybe next week we'll have a new show. But today
I've got interviews as soon as I leave this show,
and I've got the shop opening up, so I don't
be busy.
Speaker 1 (32:01):
Well, I appreciate I know how busy are. I appreciate
you taking the time to come on. It's always great
talking to you. Love your insights. Tony Ardeman of Wisewolf
Gold and you can get to Tony if you go
to Davidknight dot Cold, then'll let him know that you
came through us. Thank you so much to me. Appreciate
it all right, Take care the common Man. They created
(32:32):
common Core, dumbed down our children. They created common Past
Track and Control us their Commons project to make sure
the commoners own nothing and the communist future. They see
the common man as simple, not sophisticated ordinary. But each
of us has worth and dignity created in the image
(32:54):
of God. That is what we have in common. That
is what they want to do take away. Their most
powerful weapons are isolation, deception, intimidation. They desire to know
everything about us, while they hide everything from us. It's
time to turn that around and expose what they want
(33:15):
to hide. Please share the information and links you'll find
at Thedavidnightshow dot com. Thank you for listening, Thank you
for sharing. If you can't support us financially, please keep
us in your prayers. Ddavidnightshow dot com
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