Gold has surged past $3,000 an ounce and held on or increased admit the chaos.
Tony Arterburn joins David Knight as central banks are hoarding gold like it’s the last lifeboat on a sinking ship. Is this the orchestrated collapse of the dollar paving the way for a dazzling new financial world order?
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Tony Arterburn joins David Knight as central banks are hoarding gold like it’s the last lifeboat on a sinking ship. Is this the orchestrated collapse of the dollar paving the way for a dazzling new financial world order?
Visit DavidKnight.Gold for stability and privacy that’s priceless
Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silver
If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show
Or you can send a donation through
Mail: David Knight POB 994 Kodak, TN 37764
Zelle: @DavidKnightShow@protonmail.com
Cash App at: $davidknightshow
BTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7
For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT
For 10% off supplements and books, go to RNCstore.com and enter the code KNIGHT
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:07):
Tony Ardaban of Wise Wolf Gold, and he's kindly set
up David Knight Tie Gold to take you there as
well and let him know that you're coming through us.
Always good to have Tony on. Always good to talk
about the gold standards, such a fundamental part of our civilization,
always has been, and it really gold is really the
gold standard. And so I was talking earlier today Tony
(00:29):
about the chaos, and you told me as we were
off air, that was one thing that was astounding to
you as well. I'm seeing stories about what happened to bitcoin,
first the excitement about Trump and his bitcoin reserve, and
then the reality. As they always say, you buy on
(00:50):
rumor and you sell on news, so when the real
thing happens, you better get out of there because it's
the rumor that they're going to hype up. And so
that's kind of what's been happening. But it's also been
royal by the tariffs and they're you know, chaotic nature
as well. But gold has done well in that kind
of environment, hasn't it Well?
Speaker 2 (01:10):
It absolutely has.
Speaker 3 (01:11):
I was looking at the charts of net inflows to
both ETFs, looking at the bigcoin ETF versus the gold
ETF and for the last eight weeks, the gold ETFs,
the exchange traded funds have a record inflow eight weeks
in a row, and Bitcoin has slowed down to a trickle.
There's this this polarity, this shift away from where we were,
(01:35):
you know, three or four months ago with bitcoin it's
all time high and we're seeing this, you know, supposed
crypto revolution, and there was so there was deregulation and
there was at least a psychological shift for the crypto industry.
But then you throw in this black swan event, which
is the tariff chaos.
Speaker 1 (01:53):
And you know, we should do an a picture of
Trump is a black swan, I guess.
Speaker 2 (02:01):
But it's just absolutely insane. David and I.
Speaker 3 (02:04):
You know that that old Paul Harvey, you know that breakdown.
If I was the devil, and I was thinking like,
if you wanted to if you wanted to save the dollar,
you would do everything the opposite of what's going on.
If you wanted to actually prop up the dollar system,
you would do the opposite.
Speaker 2 (02:21):
So what is this?
Speaker 3 (02:23):
You know, you look at the rest of the world,
and I've been saying this for a long time. You know,
the bricks nations they're not trying to create a new currency.
I didn't see any evidence of that the last few years.
Every time there's a summit or a meeting, they're always
talking about how do they get away from the swift
system and the dollar system so they can have cross
border payments that are universal. The things that they can
(02:45):
you know, that hold value, and that's the same thing
that gold does. So that what they're doing, and they're
meeting right now creating these cross border payment systems. At
least that's what's primarily on the docket. Gold is supplanting
the dollar as the world's reserve currency. I believe it
already has made it there. The United States, it appears,
(03:06):
is already looking to stockpile some gold. There's reports coming
in that the US Treasury, you know, that looking to
you know, re audit and do all the things we
talked about Fort Knox.
Speaker 2 (03:17):
And all the rest.
Speaker 3 (03:19):
The United States is scrambling to do that as well.
So what is what this dollar system? Are they just
is this just a this is an open question, maybe
a thought experiment. Is this just a way to leverage
chaos for the sake of chaos, you know, to to
bring in usher in a completely new financial world order.
I mean that I don't see any rhyme or reason
(03:41):
with what's going on, David, other than to you know,
give leverage to the powerful and to the insiders. This
has nothing to do with bringing jobs back, or economic
security or prosperity.
Speaker 1 (03:54):
Oh yeah, No, this is about a billionaire club and
you know how they can make money. You know, hey,
all these up on some of those tariffs to China,
if you'll let my friends buy TikTok that type of thing.
It's not about making America first. It's about putting he
and his buddies first.
Speaker 2 (04:09):
You know.
Speaker 1 (04:09):
But you mentioned central banks and the fact that the
US is I talked about it yesterday, the fact that
they have not you know, for ninety years, they really
haven't kept up with the gold stuff. But we look
at other central banks and their holdings in gold. It's
gone up to about eleven percent gold allocation in their
(04:32):
foreign exchange reserves overall on average for the central banks.
In two thousand it was five and a half percent.
So it's doubled in the last twenty five years. But
what they're saying is that they believe that it's going
to triple in the next few years. And this is
Bank of America talking about They think that gold allocation
(04:53):
that has gone in twenty In the year two thousand,
it was five and a half percent. Now twenty five
years later it is eleven percent. They think it's headed
to thirty percent. And so that would be a big reset,
I think in terms of the allocation of gold, and
as part of the restructuring of things, and certainly Trump
(05:15):
and his guys want to restructure stuff. They're pushing this
pretty hard. We're at the end of the fourth turning.
It's a natural time for them to change these institutions.
As you've pointed out many times, Breton Woods too is
really really old, long in the tooth, and so if
they come up with a new financial system. But it's
very concerning to see what Trump and his people are
looking at. They're not necessarily looking to tie this to
(05:37):
anything real. They're looking at using it to stable coins.
They're going to be tied to the dollar, so they
can have some player to sell their treasury bills that
other countries don't want to buy.
Speaker 3 (05:49):
Well, even the bitcoin Maximuss. Max Kaiser put out an
article a couple of days ago about how if the
US transitions to some sort of stable coin use.
Speaker 2 (05:59):
The world's going to reject that as well. They're going because.
Speaker 3 (06:04):
It's tied to the ultimately tied to the doll Even
though the dollar is relatively stable, it loses purchasing power.
Goldbacked stable coins would be the way. Even even Max
Kaiser was a bitcoin Maximus is saying that the rest
of the world wants to get away from the dollar system.
You mentioned the metrics on dollar usage. In two thousand
(06:27):
and one, it was like seventy five percent of all
global transactions financially went on in dollars. It's into the
low forties right now and declining rapidly. If you look
at the stats on central bank gold buying, David, if
you go back to two thousand and nine, it was
it wasn't at zero, but it was real close to
(06:49):
net zero of central banks buying gold.
Speaker 2 (06:52):
Now it's off the charts.
Speaker 3 (06:54):
I mean they're breaking every year breaks another record for
central bank gold buying. You're absolutely right, And what that
has to do with is twenty twenty one the Bank
of International Settlements making gold, taking it from a Tier
three asset to a Tier one asset, which is akin
to currency, and that gold recently passed the euro as
(07:16):
a second in the held assets of central banks that
used to be the euro, now it's gold, and of
course the dollar is number one. But as we sit
and look at the current administration, it's hard to figure,
you know, if you wanted to create trust, which is
what the financial system is based off of its trust
(07:36):
and stability. Markets hate uncertainty. The prices of things bleeding
is a reflection of the uncertainty that's in this market.
Speaker 2 (07:46):
And I'm in the gold business.
Speaker 3 (07:48):
But you're looking at three thousand dollars and fifty ounce
gold an ounce, there's something wrong. And I mean again,
it's eventually going to go there. I mean I were
going to see three and five ten thousand dollars goal
eventually on a long enough timeline. But I think the
rise in what we you know, we cover here every week.
If you look at the the all time highs that
(08:10):
gold is making against the dollar, there's a there's a
crisis going. We have a currency crisis. And the rest
of the world followed us. In nineteen seventy one, I
think it was the Swiss where the last holdouts. In
two thousand and two, they still had their the Swiss
franc was backed by silver, but every currency on Earth
is a fiat currency. Now see these massive creation of
(08:33):
currency and debt. Well, they've all run those simulations and
they understand that, you know, with all the liabilities and everything,
the unfunded all of that stuff, in the massive bubble
that we're in right now, that's why central banks are
not only reason, but they are buying gold to reset
(08:53):
their monetary systems and of course to get away from
the dollar itself and to trade amongst themselves away from
the dollar. And that this is clearly what's happening. And
in the midst of that, we're throwing tariffs everywhere.
Speaker 1 (09:06):
Yeah, it's a Bank of America is looking at this
and they've been very, very conservative with their prices. They
have a chart that they put together. They said, if
you go back to twenty twenty four, gold was twenty
seven to fifty average through the year. They said, twenty
twenty five, they think it's going to be three thy
sixty three. I think that's conservative. But they look at
twenty twenty six, they say thirty three fifty. They think
(09:28):
by within two years it's going to be up to
thirty five hundred. That's a very very conservative one and
they base it on the accumulation and the increase of
the central banks, how they've gone up significantly. They said it.
They're the ones who came up with a thirty percent figure.
They said it would be more efficient for the central
banks to hold instead of about eleven percent, to hold
(09:50):
thirty percent. But they also talk about what we've talked
about in the past, the fact that China has told
its insurance companies, hey, we would like for you to
start accumulating gold. It was prohibited. Now that's urged and pushed.
They said that could be equivalent to six percent of
the annual gold market if they only add one percent
of their assets in gold, change one percent of their
(10:11):
assets to gold, and so this is what they're looking at.
And when you talked about Matt Kayzer, I mentioned that
as well the other day, saying, well, I think we
go to a digital a digital currency that is backed
by gold. That's again like an ETF. You mentioned that
the ETFs were soaring, a lot of money was pumping
(10:32):
into that. I look at these ETFs and I know
you do as well. As similar to these, the mortgage
instruments that created these derivatives and so forth, because that's
really what they are. You know, it's a novel approach.
It's a con job, I think, because you're not really
holding anything real. If you get into these ETFs, what
you're holding is a share of a fund, and you
(10:54):
don't know if that fund is buying the gold or not,
and you can't redeem it in gold. And so when
you look at digital gold and things like that, I
think maybe that might be a negative on the price
of gold because they can manipulate it, just as these
ETFs of manipulate the price of gold.
Speaker 2 (11:12):
Menus that way. What do you think now, I think
you're right.
Speaker 3 (11:16):
I mean the ets have shown and I mean if
you're in the gold and silver business like myself, and
you're paying attention to pricing and then you're looking at supply,
doesn't make any sense.
Speaker 2 (11:25):
I mean, the saying that the price of silver is ridiculous.
Speaker 3 (11:30):
And I know this because you know, you look at
the nineteen eighty all time high of silver at fifty
two dollars and fifty cents an ounce, that's like three
hundred dollars worth of purchasing power today. If you if
you go you know, dollar for dollar and what how
much you could get in nineteen eighty for fifty two
dollars and fifty cents. That's because of the massive manipulation
(11:50):
that's gone on between the paper and the physical market.
And you start getting into the electronics and blockchain of that,
it's another opportunity to die.
Speaker 2 (12:01):
I think what's happening.
Speaker 3 (12:02):
Also, the reason that the price is going crazy is
because a lot of these contracts are being called and
gold is being moved and reallocated, and some of those
contracts can't be filled. And maybe it's not happening on
a massive scale yet, but I think if you're looking
at what's happening, the price of gold is reflected in
the supply.
Speaker 2 (12:23):
Is not being there. And the same thing with silver.
I think we're really on the.
Speaker 3 (12:26):
Cusp of a massive breakout of the silver price. And
again this is an investment advice. This is clearly I
just think mathematics. I mean the supply there's a two
hundred million ounce deficit every year or something like that,
and it's growing, and that's what they take from the
above ground supply in these paper markets, whether it's SLV
(12:47):
or GLD or whatever.
Speaker 2 (12:49):
These ETFs. I just don't think it's real David. I
think that at the end of the day.
Speaker 3 (12:53):
If you want to ask for physical delivery across the board,
those contracts couldn't be fulfilled, and so again you have
a reallocation of price.
Speaker 2 (13:03):
I think that's on the horizon.
Speaker 3 (13:05):
So a lot of those if it's if it's a
proposed you know, digitized anything or backed you know, whether
it's a silver backed or gold back digitized currency, you know,
take that with a grain of salt. I mean, it's
better than a stable coin in my opinion, if you
can get it if you're going to be paid in gold.
But if you're if you cash out your ETF, they
(13:26):
give you fiat currency.
Speaker 1 (13:27):
That's right, that's right, and there's no claim on it,
and it's not connected to it either. You know, I
got a this is a timely rock fin Eli says,
So what are good avenues for most of us who
cannot afford gold? Silver? As you're pointing out, you know what,
And I think that's the way a lot of people
get into the ETFs. That's way I got into it.
And I looked at it, It's like, okay, well I
can I can buy one tenth of an ounce of
(13:48):
gold or one tenth of an ounce of silver.
Speaker 2 (13:50):
That's easy.
Speaker 1 (13:51):
And you know, I go through the brokerage firm and
it's quick and it's easy, and I can get a
tenth of an ounce of it. I think that ropes
people in and I started doing that, and then I
realized when gold started moving, I saw, oh, wait a minute,
the ETF is not moving.
Speaker 2 (14:06):
Why is that?
Speaker 1 (14:08):
You know, why isn't it tracking that? And then when
I looked at it and I found out that it
wasn't really attached to physical gold at all, That's when
I started getting out of it. And so I think
that's why you see a lot of people jumping into it,
say oh, yeah, we should get into gold. So let's
buy gold through ETA. Well, you're not buying gold, you're
buying paper from a company that's there. But as you're
pointing out, you know, silver is there and there's a
(14:29):
smaller amount, and of course you've got a wolf pack.
People can buy small amounts. If you're concerned about getting
small amounts of stuff. People can get in with fifty
dollars a month and on up.
Speaker 2 (14:44):
Yeah, we made it really easy.
Speaker 3 (14:45):
I mean even to buy a gram bar of gold,
I buy them in sheets of one hundred and I
have my crew we break them, break them off of
those pieces and put them in individual coin sleeves. So
you can get that through you go to David Knight
Dog Gold. Yeah, we can put you in a grad Why,
I'll go with about one hundred and thirty dollars or so.
And that's I think we've got free shipping on all
that stuff.
Speaker 1 (15:04):
Yeah, you don't have to get an ETF in order
to get a fraction of an ounce. You know, you've
got physical weight. You can get physical gold and fractions
of an ounce there at wolf Pack.
Speaker 3 (15:15):
Yeah, and that's going to give you no counterparty risk.
I mean, I don't hold anybody's product. If you buy
for me, I want it out of the shop. I
want it in your hands. And that's your product. And
when you have something like silver that is priced the
way it is right now, and I don't know how
much longer it's going to continue to do this where
it's just you know, it's under forty dollars an out, folks,
(15:36):
that's crazy. I mean, gold hit it's all time high
thirty some odd times in the last year. In the
last twelve months, silver hasn't hit it. It's all time
high since nineteen eighty. So think about that. That doesn't
it makes no sense whatsoever unless you're talking about massive
accumulation by these banks. The largest physical holder of silver
(15:58):
in the world privately is JP Morgan, and you look
at other governments. China just put it's a strategic reserve
like nickel and lithium and other things. They're adding silver.
The Russians added silver as a strategic reserve. I mean,
we're their world is moving back into assets rapidly, and
(16:22):
it's going to show up and reflect in the prices
of these commodities. We're just not there exactly yet. I
mean gold because it's a monetary asset and because of
I think Basel three with the Bank of International Settlements
and the deed allarization that's happened. I think that's reflecting
the price. But a lot of this stuff silver is
about to follow, I think. And that's just pure mathematics.
Speaker 2 (16:43):
I agree.
Speaker 1 (16:43):
Yeah, you know, when again when you look at the
ETF stuff, the fact that it doesn't track. But I
think the other thing about it is when black Rock
decided that they wanted to get into bitcoin, why they
do They got in with an ETF It's like, okay, now,
how does that make any sense? You know, if you've
got something that's physical and you want to subdivide it
(17:04):
like you got to, you know, can't afford to get
a bar gold, it's like a million dollars or whatever.
So let me get an ETF and let them hold
a bar of gold and they can sell fractional shares
of it or something like that. As I point out,
you can still get small amounts of physical gold. You
have a lot of different ways that that can be
set up there. But when you look at bitcoin, there's
(17:26):
no need to fractionalize bitcoin. Bitcoin is infinitely fractionalized. So
you know, when you look at the ETF, you say,
wait a minute, there's something else going on here. When
I looked at the ETF gold and silver, wait a minute,
there's something else going on here. And that's something else
we saw happened to the real estate market. Real estate
is real, but the derivatives, all of these secure tized
mortgages were not real, and you were holding garbage. And
(17:49):
so that's the real key. And that's what I would
really warn people about these ETFs. It really is a scam.
Got a question here, Tony from chefkin on Rumble says,
whatever happened to platinum, maybe they're going to have an
excess of platinum as they get rid of internal combustion
engines because in the catalytic converter. I get rid of
(18:10):
my catalytic converter on my car. I was able to
sell it because I had platinum in it. So there'll
be a clout on the market as they kill the
internal combustion engines. I don't know what's it going on
with platinum.
Speaker 3 (18:22):
It's just been trading sideways for the longest time. And
I do I sell some platinum. It's not heavily requested,
but it moves basically sideways. I'd have to check the
spot price. I haven't in a month or two, but
it's you know, generally under one thousand dollars or eleven
hundred dollars an ounce.
Speaker 2 (18:38):
Then it'll go back and forth.
Speaker 3 (18:41):
I think that's just a reflection of it's not a
it's not been used as a monetary metal like silver
and gold has.
Speaker 2 (18:48):
It's rare.
Speaker 3 (18:49):
And you know, you mentioned catalytic converters, and I think
electronics and platinum is used and I you know, on
a long enough timeline, it will break out too. I
mean it's there's a lot of things about any any
of these commodities I think are way under price based
off of the debasement of the US dollar. I mean,
you mentioned earlier about returning to a If we returned
(19:11):
to a gold standard, what would be the actual price
of gold per ounce? You know, some estimates like in
between ten and fifty thousand dollars an ounce or some
crazy number stuff the dead and based off the money supply,
So you know, I agree with that. And platinum is
just one of those things. I think it's just waiting
in the wings for something to happen. Probably probably is
(19:33):
being accumulated. I mean I haven't. I haven't paid a
great deal of attention to it because it's not my
primary wheelhouse. But something will happen with platinum. We'll probably
it's the same thing like palladium. You know palladiums know
that one of those medals where you go, what's.
Speaker 2 (19:48):
The price per ounce?
Speaker 3 (19:48):
It just just it'll bounce around. Rhodium does that? You know,
it's another rare earth that you can find. You know,
precious metals dealers will deal with these, you know, pla
them and rohodium and palladium as well, but it just
hasn't it hasn't been on my radar. But gold and
silver are kind of all consuming for me as far
(20:10):
as price movement and what I watch.
Speaker 1 (20:12):
That's right, yeah, And you know when you're talking about
the reevaluation, which is a real possibility, you know, we've
seen this happen in the past, in the thirties and
then also then the seventies, and people one guy was
saying that that fifty thousand dollar figure came up when
he said, well, you go back and look at how
FDR re evaluated gold and everything in the nineteen nineteen forties,
(20:36):
and that was at a point in time when the
US's gold holdings were about forty percent of what the
debt was. And then in the nineteen seventies a similar thing,
and that point in time, gold was about seventeen percent
of the debt that the US had. And so what
he's saying is that today when you look at the
(20:58):
gold holdings, that the monetary number that's represented by about
the eight thousand tons that they have that is only
about two percent of the thirty seven trillion dollars of debt.
So what he's saying is that if we went back
to the seventeen percent figure, that'd be twenty five thousand dollars.
Goal if we went to the forty percent figure, that'd
be fifty thousand. We don't know, we don't know if
(21:19):
that's going to be reevaluated, but people are talking about that.
I just thought there's another article that I saw yesterday,
John Rabino said essentially the same thing. He said, how
do you make a case that gold is not worth
at least ten thousand dollars? He said, because what they're
doing is they're manipulating the value of the dollar and
(21:39):
with the debt that is there. And of course he's
telling people to get into real stuff. He says, get farmland,
get gold, get silver, or get a good vehicle, get
some emergency food, to learn how to grow in a garden,
and things like that. It's case that's really what we're
looking at. What is coming along the line. I think
maybe some of that has to do with a disenchantment
(22:00):
of some of the crypto stuff as well as Trump
really put it out there with his meme coins. I
think you really put it on the headlines about how
there's a lot of grifting going on in the crypto
markets as well.
Speaker 2 (22:14):
Is there.
Speaker 3 (22:16):
It's built on that unfortunately, and you know I've been
in a crypto space. I mean, well, bitcoin and crypto
are two different things. Really, they've they've really separated. Like
you know, they look at the mean coin industry and
that entire ecosystem's built on grift. Like I said, I
will never ever push any kind of mean coin. You'll
never hear me push an all coin ever. I think
(22:39):
it's all speculative. And you know what purpose does do
they serve a bitcoin?
Speaker 4 (22:44):
To me?
Speaker 2 (22:45):
And of course we have wise wolf bitcoin.
Speaker 3 (22:48):
It it fulfills a need electronically something that gold can't do.
And it's a decentralized network. You can't recreate that. But
am I I'm not one of these people also that
it's gonna tells you the price is going to be
some insane number, because I don't think that the markets
are supporting that right now. I mean, look at when
(23:08):
we hit one hundred thousand, I thought that seems about
right somewhere.
Speaker 2 (23:12):
In there for demand.
Speaker 3 (23:13):
But then you know, we reached the inauguration day and that
went to one hundred and eight thousand, and then it's
been flat and trading side, what's down right now, and
it's trading sideways for the past couple of months, and
I think we're probably going to continue to see that
sort of trend because the markets are scared, the markets
are are fearful, there's uncertainty. It makes no sense. What
(23:34):
is the United States economic policy right now? David, Yeah,
I mean that's an old question.
Speaker 1 (23:39):
And there's an old article on coin Telegraph about that,
and they actually looked a timeline of Trump. You know,
he's well, we've got a tariff. Now, I'm gonna take
the tariff off. Now we're gonna do this other two.
Now I'm gonna take that one, you know, back and forth,
back and forth, and that is spooking the markets, and
it is spooking a bitcoin and so it's that uncertainty
that is spooking them. But I think it's interesting that
(23:59):
in and that uncertainty is driving people to gold. That's
where people are going to go to something that is physical,
that is tangible, that is outside of their system when
they start worrying about how this system may collapse. And
so I thought that was a very telling aspect when
you look at it, the uncertainty and the chaos is
coming from Trump and his tariff dictates, but people are
(24:23):
running to gold and all of that rather than to bitcoin,
which I think is kind of interesting.
Speaker 2 (24:30):
I mean, it's just the history shows that's what happens.
You know.
Speaker 3 (24:33):
I was on a podcast a week or so ago
when I talked about Gresham's law. You know, Gresham's loss
states that when bad money enters a system, then good
money goes into hiding. And I put a question mark
over that. I said, until when, you know, until the
bad money dies, and then money re enters the system.
(24:53):
So it's an open question is to what happens next.
I mean, I think we've already seen, like the dollar
system itself was already in massive trouble. You add on
this terriff uncertainty, economic warfare, currency wars, trade wars, you
add all that, and on top of that plus sanctions
and everything else that had already caused dedollarization to accelerate. Well,
(25:18):
I think you're looking at replacing the entire system with
something else. That's the only thing I can surmise from
all of this. It makes absolutely no sense whatsoever unless
you're trying to have a controlled demolition of the current
financial system. And using chaos as a smoke screen for
the reset of some kind. That's the only thing I
can glean out of all this, and it's absolutely reflected
(25:41):
in the price of gold right now breaking three thousand
dollars ounce for whatever reason. And I eat, sleep, and
breathe this. I was surprised that we hit that price
as soon as we had.
Speaker 1 (25:52):
David, Yeah, it was everybody was predicting that for a while,
you know, they'd be like first quarter of this year,
they'll be around three thousand, and then they had a
different opinion because everybody got excited about Trump and the
fact that he's going to go full speed ahead on
crypto things and so forth, and a bitcoin reserve, and
so then it dipped. But I always thought that was
going to be temporary, and so did you, because you know,
(26:13):
you look at the fundamentals that are there. Nothing is
changing in terms of debt and other stuff like that.
So we knew that was going to be temporary. By
the way, you mentioned on the podcast that was on
Freethought Project, and people can still catch that they're at
the freethought project dot com. And excellent interview that you
had with him there. Knights of the Storm says, instead
of a black swan, we have an orange swan.
Speaker 2 (26:35):
Event. There we go.
Speaker 1 (26:36):
I guess if you're gonna have AI draw Trump as
a swan, it'd have to be orange.
Speaker 2 (26:42):
I guess. Yeah. Don't confuse it with a phoenix. Okay,
it may look like the phoenix.
Speaker 1 (26:47):
It may become the phoenix.
Speaker 2 (26:49):
Yeah.
Speaker 1 (26:50):
Instead of burning the Tesla places that burned the swan,
Travis says, if Trump ever sells his bathroom fixtures, the
gold market may crash. There you go through. He likes
to hold gold in his homes on the walls and
things like that. Well, you know, I've talked about what
might replace it, and I think there's been and you
(27:10):
and I have talked about this. The Republicans are now
everywhere saying no CBDC, no CBDC. But what's going to
replace it? The stable coin stuff, and it's got all
the functions of that we don't like about CBDC already,
all the know your customer stuff, as well as being
able to block an address. You know, that's what we've
been concerned about. CBDC being the platform being taken out
(27:34):
of the banking system because they don't like you for
some reason or the other. And of course these companies
are going to follow what the government wants to do.
They work at the pleasure of the government, and so
they're going to be malleable with all this stuff. But
we talk about price all the time. But when I
look at this, my real issue is the CBDC stuff
or the stable coins and what would be essentially a
(27:57):
public private partnership version of a digital current. And see,
I think the key thing that people need to look
at is that privacy is priceless. I think that's the
key thing. What do you think?
Speaker 2 (28:10):
Oh?
Speaker 3 (28:11):
Absolutely, And you know it's throwing this argument out there,
is like, oh, well, do you like we're not going
to do a CBDC, but we'll do the private sector
and we'll do this public partnerships and then you'll get it.
We'll have a stable coin because it's stable. No, I
don't want any of that. I don't hold any stable coins.
I don't see the needs of them.
Speaker 1 (28:32):
It's not a coin and it's not stable. And if
it's done by a private organization, there's no privacy in it.
And even though they say it's crypto, it's not encrypted.
It's a public ledger. All of these things are lies
that's that'd be a real red flagged everybody.
Speaker 2 (28:47):
It's like it's like the movie office space, you know
when he goes, what is it you say? You do here?
Speaker 3 (28:52):
You know, because that's what I live at. A lot
of the coins, especially stago, I don't understand. So if
I've got the dollar, what do I want to I
need this thing? I mean, I can you know, I
can send a wire, I can use a card, I can.
Speaker 2 (29:04):
I mean that was the bitcoin was.
Speaker 3 (29:06):
Supposed to, uh solve that problem with you know, private
peer to peer electronic transactions.
Speaker 2 (29:12):
So I'm not you know, in that space. I don't
understand it.
Speaker 3 (29:16):
Uh maybe I maybe I maybe I do. Maybe that's
the issues. I do understand it. That's why I don't
use it. And uh you can write about that.
Speaker 2 (29:24):
I mean it's it's like we're never gonna do a CBDC.
Speaker 3 (29:26):
Well no, you didn't do that, but you probably you know,
just bring in the the stable coins and you use
the piggyback off of fed now and all the structure
that you already have and you talked about know you're
the k y C and know your customer and all
the rest.
Speaker 2 (29:41):
You throw adding that in and then you.
Speaker 3 (29:43):
Just got to your your your surveillance is disguised as money,
and that's that's exactly right, David. So yeah, this is
this is another another challenge, another wrench there, throwing uh
in the whole thing on top of the fact that
the dollars in real trouble. Yeah, oh yeah, we're watching
We're watching a train wreck of epic proportions right now,
(30:05):
especially just being accelerated. And I just want to, you know,
remind everyone counterparty risk is what you should be focused on.
And that's whether you talk about assets, things that you
can control, you know, and even if it comes down
to where you own some bitcoin, you know, your keys,
your wallet, not non custodial, not somebody else holding your keys,
(30:29):
you holding, understanding what that means. And then it's the
same thing with gold and silver, physical gold and silver
that you hold, or you have a private contract for
physical gold and silver that you hold it a trusted vault,
you know, anything else, paper all that it's it's the
only worth with the papers printed on it. If there's
a crisis and you can't retrieve your asset.
Speaker 1 (30:50):
I agree, and you know when you look at what
these people are up to again, going back to what
we saw in two thousand and seven, two thousand and
eight the houses are real. Real estate was real, but
they're derivatives. Their securitization on it was not real. And
I see them replaying this whole thing. You know, we
talked about history doesn't repeat, it rhymes. All this stuff
seems to rhyme with that. As they're coming in with
(31:13):
bitcoin ETFs. As you've got the Trump administration out there,
all the three guys at the top, well the two
guys at the top, Treasury Secretary as well as the
Commerce Secretary, and then they've got the Interior Secretary, Doug
Berghram saying, yeah, we've got so many assets. You know,
we could sell off America. We can have a giant Americathon,
(31:34):
and it's all of our physical because you're going to
always go back to a physical asset, but it's going
to be at bankruptcy prices that they're going to do
this kind of stuff. That's why we need to do
what we can to try to get out of this system.
And that's what I like about what you have to
offer there. And the fact that, as you know, one
of the listeners was pointing out, if you don't have
(31:56):
a lot of money. You're not to buy a large
quantity at a time. You don't have to by you know,
an ounce of gold, you can get a fraction of it.
There's a lot of different ways and still have it
be physical. That's what I like about what you do.
I like the different forms that I've seen it come
in little chicklets that you can break off, or the
bills that have physical gold interwoven into them. Those are
(32:19):
some really neat things. I think it's one of the
best things about wolf Pack is seeing the different forms
that you can get gold in.
Speaker 3 (32:26):
Well, really proud of that. You know, I created a
model that is the opposite. I inverted it to what
most of the big gold and silver companies do. And
you know, it's a lot of moving parts, and we've
got a great crew. We pack hundreds and hundreds and
hundreds of packages a month. It's a lot of fun
and a lot of them in the majority of them, David,
are the small tiers, the small ones that you know,
(32:49):
most of these precious metals companies they don't care. You know,
they don't They're not seeking that business. They don't want
that business. I don't, you know, it's them. It's a hassle,
but I love that we were able to do that,
and we give a lot of variety for it, so
you know, again that's something that you can do at
Davidknight dot Gold. You can go check out the wolf
Pack and I wanted to announce today. We put out
(33:12):
an email yesterday, but I created a new tier. So
I did this for budgeting reasons and I wanted to
be a lot more competitive. So if you used to
when you had the if you went to the five
hundred dollars level on wolf Pack, it jumped the next
tier was one thousand. I put one in the middle,
(33:33):
so it's five hundred and then it jumps to seven
hundred and fifty and that's called Sigma wolf Now, if
you go to that new level, it's free shipping. That's
where free shipping starts, and then you can choose if
you want gold, silver, or a mix. So you get
to choose at that level and full on forward every
tier after that. You can choose if you want only gold,
(33:55):
only silver, if you want us to mix. So it's
a little bit more work for us on this end,
but I think it makes us a lot more competitive.
I was going to tell folks too, if they want
to upgrade from like a Wise Wolf, or they've maybe
they've been looking to upgrade for a while, We're gonna
put a free silver dollar in there, so just you know,
you can just let us know. We'll help you. If
(34:17):
you're already a member, if you want to upgrade, we'll
help you do that. What to cancel the old one,
We'll make sure that we get you a free Morgan
or piece dollar something in their free silver dollar.
Speaker 2 (34:28):
That's great.
Speaker 1 (34:28):
That's something I just had a comment here night Lovin says, Hey, David,
can you ask Tony about his deal for a first
time buyer? I think it said you get free silver.
Is that still happening there? I know you just mentioned
if you do the upgrade you get a free silver coin.
Speaker 3 (34:44):
If you do upgrade from any of the tiers into
Sigma Wolf, that's a free silver dollar. And if you
just use a promo code seventeen seventy six, like if
you're joining your new we're gonna put some free silver
in whatever package.
Speaker 2 (34:57):
That's great.
Speaker 1 (34:57):
Well, I really like what you do, and of course
that is the key, regularly saving at whatever level that
you can afford. And again, you've got this new one
Sigma Wolf. At seven fifty, people can decide if they
want to get all gold, all silver or mix it
and that type of thing and free shipping, but it
goes you know, that's at seven fifty, but you can
do it fifty dollars a month if you want to.
(35:17):
And so you know, people can buy any quantity that
they want. They can set up a regular savings program.
Speaker 2 (35:22):
I really do.
Speaker 1 (35:25):
What you do there is a big help to a
lot of people. So I really do appreciate that. It's unique.
I don't see anybody else doing that in the gold
or silver stuff. Nights of the Storm says, stable coin
is about knowing everything you do and being able to
tax every transaction, like when you pay the babysitter down
the street. Yeah, and it's also about shutting down your
access to your own money, because they can flip that
(35:46):
switch and stop that smart contract and ban your address
just like that. And we've seen enough of that deplatforming
and debanking already. I've experienced it myself, especially with the
tech people. They're the ones Johnny on the spot, you know,
kicking you off of platforms, kicking you off of PayPal
and things like that. So we know I'm not under
(36:08):
any illusions that simply because something is a private app
or something I like PayPal, that it's going to be
reasonable or not controlled by the government. It absolutely is
controlled by the government. Anything else you want to tell
us about, you got to show that's coming up right
after this show finishes. Tell us a little bit about
where people can find that.
Speaker 3 (36:28):
That's been a couple of weeks. I was sick last week.
I was dealing with whatever gain of function you know that.
I'd whatever vaccine thing that ran not done.
Speaker 4 (36:39):
I think it's measles, all right, watch that episode of
The Brady Bunch, so I don't have to be afraid
of that now.
Speaker 3 (36:49):
I was dealing I had been six since twenty sixteen.
I got a little on a chest cole or whatever,
and a little bit, you know, chills, and I was
just laid up in my cabin in the Ozark so
I had time to think though, so it would be
an interesting show. It's Artaburn Radio transmission will be live
on Brumble in the America Unplug channel and Twitter at
Tony Ardi Brown be live there, come check us out.
(37:10):
We do at least an hour of parapolitics and precious metals.
Speaker 2 (37:14):
That's great.
Speaker 1 (37:16):
Another question here from Eli Eli says, for crypto, what
about Monaro that is one of the private coins where
people cannot see your transactions. You still have the entrance
ramps and the exit ramps and things like that, but
within that their transactions are private. Also there is I
think another one called Xano I think, as well as
(37:37):
pirate coin. But again, when you got small currencies like that,
you may wind up having something that's ill liquid. You know,
that's the other side of it. Just you know what
we're seeing with rock fin You know, when you get
something as a small side cryptocurrency, it's sometimes you can't
get your money out of it because there's not a
buyer on the other side.
Speaker 2 (37:57):
Yeah, I used to be on rock Finn.
Speaker 3 (37:58):
I remember that channel that I just woke up and
add zero followers one day. Now, you know, you if
you know anything about crypto, I mean there's some there's
some amazing things that go on in the space.
Speaker 2 (38:12):
You know, mo narrow pirate chain. Of these privacy coins.
Speaker 3 (38:15):
I love the fact that you've they've put a lot
of work into that, and just because I think privacy
is key and it's your money, it's it's your funds.
I mean, we live in this world because of the
because of the crime of the income tax, and I
think it's a punishment. It's built, the income tax, and
the system itself is built by the world's wealthiest people
(38:37):
to make sure that they don't competition, you know.
Speaker 1 (38:41):
And they sold it to us by saying it's other
people who are going to pay for it. The rich
people are going to pay the taxes and they deserve
to get taxed, the same thing that we're hearing from
Trump now about the tariffs. And of course these are
people both Trump and the Democrats. They don't care about
the deficit, So why do they have to tax us?
Speaker 2 (38:56):
Is what I always say.
Speaker 3 (38:58):
We're yeah, we're way past you know, fiscal sanity or
having anything be budget neutral for taxation. Uh, it's now
just a it's a weapon. It's a weapon that's it's
wielded to make sure that you stay in your place.
And so we wouldn't have to worry about any of
these things, like it would be a moot point, like
(39:19):
privacy coins would be a moot point if there wasn't
such thing as antiquated punishment known as the income tax.
And you know, if we really wanted to boost the economy,
it's just suspend the income tax. If you really wanted
to use tariff strategically, do that and get rid of
the income tax and invite companies to move here. I
promised you we'd have a we'd have an economic renaissance
eight week if you announced that and just went stable
(39:41):
and said we're going to do you know this is
we're going to give the market certainty and build here
and all.
Speaker 2 (39:46):
But we're not doing that. So you know, as far.
Speaker 1 (39:49):
As that's one of the things Mysa said about the tariffs,
that hey, if Trump wants to have fair trade, and
you know, for just say, hey, I'll get rid of
all the teriffs if you'll get rid of all your terraffts, right,
and so we we can have free trade and we
could level it out at zero. But they're not going
to do that because they want the money.
Speaker 2 (40:05):
Yeah, well right, the rest of the It's so funny.
Speaker 3 (40:08):
Everybody acts like, well I read Adam Smith and Wealth
of Nations is an invisible hand and we're going to
all adhere to it except me, you know, because all
these that's the same.
Speaker 2 (40:16):
The countries all do that.
Speaker 3 (40:17):
They all, I mean, Canada has a two hundred and
thirty percent tariff on dairy products two and thirty So
the Chinese have massive tariffs on incoming products into their country.
Speaker 2 (40:30):
They used our old playbook. So this is all big
talk on the world stage about free trade.
Speaker 3 (40:35):
But it's only the United States supposed to take the
you know, all this punishment and they open up your
markets all the rest of that. We've been doing that
for a long time, as they've been looting the you know,
the treasury uh here, you know, domestically.
Speaker 2 (40:47):
But now this is a this.
Speaker 3 (40:51):
Is something completely different, has nothing to do with economic
national In my opinion, I think I don't think we're
watching economic nationalism. I think we're watching some sort of
creative destruction.
Speaker 1 (40:59):
Oh yeah, I agree, crave destruction and a massive griff.
Twenty first century robber bears. That's what I see these people.
You spell it with just one R instead of two.
Maybe that was what was always on Trump's mind. Hey,
we're could have him be a robber bear and I
don't know. Uh, but one last comment here before I'll
let you go. Tony on rock finn uh Kwalamos says, Tony,
(41:20):
can you speak about your IRA platforms?
Speaker 2 (41:22):
Next?
Speaker 1 (41:22):
Week and maybe have a rep on as well.
Speaker 2 (41:24):
Well.
Speaker 1 (41:24):
I'll tell you know, I've I've used Tony for the
IRA stuff and that's what we have our iras, and
and uh, it's you know, it's a it's a simple
way to do it, really and uh. And you can
do that because of the income tax code, you have
to have a third party that holds the stuff for you. Uh,
but you know, Tony can help you get through that
(41:46):
and uh and he's he's very helpful in terms of
holding your hand and getting the funds into that.
Speaker 2 (41:52):
So I can speak for the experience.
Speaker 3 (41:55):
Yeah, if you've got an IRA or a four oh
one K, or if you want to start one, you
can just go to David Knight dot Gold reach out
to us. We've got that down. It's an easy process,
especially if you're you know, holding a lot of paper
right now and you've got an IRA or four one
K and you're like, what am I going to do
here with these? And the markets are bleeding will a
lot of the lot of my clients And I was
(42:16):
thinking about that the other day. I was thinking, Wow,
it's been because I've been doing this for years and
I'm thinking some of them that did a significant.
Speaker 2 (42:22):
Amounts, you know, years and years ago.
Speaker 3 (42:24):
It's looking pretty good now, you know, as far as
especially the gold holdings, you know, like those goal holdings
that you know went from you know, I was putting
people in iras at fifteen hundred dollars an ounce, you know,
so I.
Speaker 1 (42:36):
We were a long ways from that. I wish I
had to move stuff over that point. I didn't do it.
Speaker 2 (42:41):
So yeah, I know it.
Speaker 1 (42:43):
It is amazing, and I think it's going to continue
because I think we're going to have inflation. I think
we're going to have debt. I think we're going to
have a financial reset, and I think part of that
financial reset is going to be a reset of the
value of gold, especially because it's not simply something that
the federal government can have the final say on. It's
going to be because all these other countries are moving
to that that's going to really force their hand. I
(43:04):
think so, but we'll we'll see what happens. Always great
to talk to you, Tony again. Go to David night
Eye Gold. I'll take you to wise Wolf Gold. Thank
you so much, Tony for your support over the years.
I really do appreciate it.
Speaker 2 (43:17):
Thank you.
Tony Ardaban of Wise Wolf Gold, and he's kindly set
up David Knight Tie Gold to take you there as
well and let him know that you're coming through us.
Always good to have Tony on. Always good to talk
about the gold standards, such a fundamental part of our civilization,
always has been, and it really gold is really the
gold standard. And so I was talking earlier today Tony
(00:29):
about the chaos, and you told me as we were
off air, that was one thing that was astounding to
you as well. I'm seeing stories about what happened to bitcoin,
first the excitement about Trump and his bitcoin reserve, and
then the reality. As they always say, you buy on
(00:50):
rumor and you sell on news, so when the real
thing happens, you better get out of there because it's
the rumor that they're going to hype up. And so
that's kind of what's been happening. But it's also been
royal by the tariffs and they're you know, chaotic nature
as well. But gold has done well in that kind
of environment, hasn't it Well?
Speaker 2 (01:10):
It absolutely has.
Speaker 3 (01:11):
I was looking at the charts of net inflows to
both ETFs, looking at the bigcoin ETF versus the gold
ETF and for the last eight weeks, the gold ETFs,
the exchange traded funds have a record inflow eight weeks
in a row, and Bitcoin has slowed down to a trickle.
There's this this polarity, this shift away from where we were,
(01:35):
you know, three or four months ago with bitcoin it's
all time high and we're seeing this, you know, supposed
crypto revolution, and there was so there was deregulation and
there was at least a psychological shift for the crypto industry.
But then you throw in this black swan event, which
is the tariff chaos.
Speaker 1 (01:53):
And you know, we should do an a picture of
Trump is a black swan, I guess.
Speaker 2 (02:01):
But it's just absolutely insane. David and I.
Speaker 3 (02:04):
You know that that old Paul Harvey, you know that breakdown.
If I was the devil, and I was thinking like,
if you wanted to if you wanted to save the dollar,
you would do everything the opposite of what's going on.
If you wanted to actually prop up the dollar system,
you would do the opposite.
Speaker 2 (02:21):
So what is this?
Speaker 3 (02:23):
You know, you look at the rest of the world,
and I've been saying this for a long time. You know,
the bricks nations they're not trying to create a new currency.
I didn't see any evidence of that the last few years.
Every time there's a summit or a meeting, they're always
talking about how do they get away from the swift
system and the dollar system so they can have cross
border payments that are universal. The things that they can
(02:45):
you know, that hold value, and that's the same thing
that gold does. So that what they're doing, and they're
meeting right now creating these cross border payment systems. At
least that's what's primarily on the docket. Gold is supplanting
the dollar as the world's reserve currency. I believe it
already has made it there. The United States, it appears,
(03:06):
is already looking to stockpile some gold. There's reports coming
in that the US Treasury, you know, that looking to
you know, re audit and do all the things we
talked about Fort Knox.
Speaker 2 (03:17):
And all the rest.
Speaker 3 (03:19):
The United States is scrambling to do that as well.
So what is what this dollar system? Are they just
is this just a this is an open question, maybe
a thought experiment. Is this just a way to leverage
chaos for the sake of chaos, you know, to to
bring in usher in a completely new financial world order.
I mean that I don't see any rhyme or reason
(03:41):
with what's going on, David, other than to you know,
give leverage to the powerful and to the insiders. This
has nothing to do with bringing jobs back, or economic
security or prosperity.
Speaker 1 (03:54):
Oh yeah, No, this is about a billionaire club and
you know how they can make money. You know, hey,
all these up on some of those tariffs to China,
if you'll let my friends buy TikTok that type of thing.
It's not about making America first. It's about putting he
and his buddies first.
Speaker 2 (04:09):
You know.
Speaker 1 (04:09):
But you mentioned central banks and the fact that the
US is I talked about it yesterday, the fact that
they have not you know, for ninety years, they really
haven't kept up with the gold stuff. But we look
at other central banks and their holdings in gold. It's
gone up to about eleven percent gold allocation in their
(04:32):
foreign exchange reserves overall on average for the central banks.
In two thousand it was five and a half percent.
So it's doubled in the last twenty five years. But
what they're saying is that they believe that it's going
to triple in the next few years. And this is
Bank of America talking about They think that gold allocation
(04:53):
that has gone in twenty In the year two thousand,
it was five and a half percent. Now twenty five
years later it is eleven percent. They think it's headed
to thirty percent. And so that would be a big reset,
I think in terms of the allocation of gold, and
as part of the restructuring of things, and certainly Trump
(05:15):
and his guys want to restructure stuff. They're pushing this
pretty hard. We're at the end of the fourth turning.
It's a natural time for them to change these institutions.
As you've pointed out many times, Breton Woods too is
really really old, long in the tooth, and so if
they come up with a new financial system. But it's
very concerning to see what Trump and his people are
looking at. They're not necessarily looking to tie this to
(05:37):
anything real. They're looking at using it to stable coins.
They're going to be tied to the dollar, so they
can have some player to sell their treasury bills that
other countries don't want to buy.
Speaker 3 (05:49):
Well, even the bitcoin Maximuss. Max Kaiser put out an
article a couple of days ago about how if the
US transitions to some sort of stable coin use.
Speaker 2 (05:59):
The world's going to reject that as well. They're going because.
Speaker 3 (06:04):
It's tied to the ultimately tied to the doll Even
though the dollar is relatively stable, it loses purchasing power.
Goldbacked stable coins would be the way. Even even Max
Kaiser was a bitcoin Maximus is saying that the rest
of the world wants to get away from the dollar system.
You mentioned the metrics on dollar usage. In two thousand
(06:27):
and one, it was like seventy five percent of all
global transactions financially went on in dollars. It's into the
low forties right now and declining rapidly. If you look
at the stats on central bank gold buying, David, if
you go back to two thousand and nine, it was
it wasn't at zero, but it was real close to
(06:49):
net zero of central banks buying gold.
Speaker 2 (06:52):
Now it's off the charts.
Speaker 3 (06:54):
I mean they're breaking every year breaks another record for
central bank gold buying. You're absolutely right, And what that
has to do with is twenty twenty one the Bank
of International Settlements making gold, taking it from a Tier
three asset to a Tier one asset, which is akin
to currency, and that gold recently passed the euro as
(07:16):
a second in the held assets of central banks that
used to be the euro, now it's gold, and of
course the dollar is number one. But as we sit
and look at the current administration, it's hard to figure,
you know, if you wanted to create trust, which is
what the financial system is based off of its trust
(07:36):
and stability. Markets hate uncertainty. The prices of things bleeding
is a reflection of the uncertainty that's in this market.
Speaker 2 (07:46):
And I'm in the gold business.
Speaker 3 (07:48):
But you're looking at three thousand dollars and fifty ounce
gold an ounce, there's something wrong. And I mean again,
it's eventually going to go there. I mean I were
going to see three and five ten thousand dollars goal
eventually on a long enough timeline. But I think the
rise in what we you know, we cover here every week.
If you look at the the all time highs that
(08:10):
gold is making against the dollar, there's a there's a
crisis going. We have a currency crisis. And the rest
of the world followed us. In nineteen seventy one, I
think it was the Swiss where the last holdouts. In
two thousand and two, they still had their the Swiss
franc was backed by silver, but every currency on Earth
is a fiat currency. Now see these massive creation of
(08:33):
currency and debt. Well, they've all run those simulations and
they understand that, you know, with all the liabilities and everything,
the unfunded all of that stuff, in the massive bubble
that we're in right now, that's why central banks are
not only reason, but they are buying gold to reset
(08:53):
their monetary systems and of course to get away from
the dollar itself and to trade amongst themselves away from
the dollar. And that this is clearly what's happening. And
in the midst of that, we're throwing tariffs everywhere.
Speaker 1 (09:06):
Yeah, it's a Bank of America is looking at this
and they've been very, very conservative with their prices. They
have a chart that they put together. They said, if
you go back to twenty twenty four, gold was twenty
seven to fifty average through the year. They said, twenty
twenty five, they think it's going to be three thy
sixty three. I think that's conservative. But they look at
twenty twenty six, they say thirty three fifty. They think
(09:28):
by within two years it's going to be up to
thirty five hundred. That's a very very conservative one and
they base it on the accumulation and the increase of
the central banks, how they've gone up significantly. They said it.
They're the ones who came up with a thirty percent figure.
They said it would be more efficient for the central
banks to hold instead of about eleven percent, to hold
(09:50):
thirty percent. But they also talk about what we've talked
about in the past, the fact that China has told
its insurance companies, hey, we would like for you to
start accumulating gold. It was prohibited. Now that's urged and pushed.
They said that could be equivalent to six percent of
the annual gold market if they only add one percent
of their assets in gold, change one percent of their
(10:11):
assets to gold, and so this is what they're looking at.
And when you talked about Matt Kayzer, I mentioned that
as well the other day, saying, well, I think we
go to a digital a digital currency that is backed
by gold. That's again like an ETF. You mentioned that
the ETFs were soaring, a lot of money was pumping
(10:32):
into that. I look at these ETFs and I know
you do as well. As similar to these, the mortgage
instruments that created these derivatives and so forth, because that's
really what they are. You know, it's a novel approach.
It's a con job, I think, because you're not really
holding anything real. If you get into these ETFs, what
you're holding is a share of a fund, and you
(10:54):
don't know if that fund is buying the gold or not,
and you can't redeem it in gold. And so when
you look at digital gold and things like that, I
think maybe that might be a negative on the price
of gold because they can manipulate it, just as these
ETFs of manipulate the price of gold.
Speaker 2 (11:12):
Menus that way. What do you think now, I think
you're right.
Speaker 3 (11:16):
I mean the ets have shown and I mean if
you're in the gold and silver business like myself, and
you're paying attention to pricing and then you're looking at supply,
doesn't make any sense.
Speaker 2 (11:25):
I mean, the saying that the price of silver is ridiculous.
Speaker 3 (11:30):
And I know this because you know, you look at
the nineteen eighty all time high of silver at fifty
two dollars and fifty cents an ounce, that's like three
hundred dollars worth of purchasing power today. If you if
you go you know, dollar for dollar and what how
much you could get in nineteen eighty for fifty two
dollars and fifty cents. That's because of the massive manipulation
(11:50):
that's gone on between the paper and the physical market.
And you start getting into the electronics and blockchain of that,
it's another opportunity to die.
Speaker 2 (12:01):
I think what's happening.
Speaker 3 (12:02):
Also, the reason that the price is going crazy is
because a lot of these contracts are being called and
gold is being moved and reallocated, and some of those
contracts can't be filled. And maybe it's not happening on
a massive scale yet, but I think if you're looking
at what's happening, the price of gold is reflected in
the supply.
Speaker 2 (12:23):
Is not being there. And the same thing with silver.
I think we're really on the.
Speaker 3 (12:26):
Cusp of a massive breakout of the silver price. And
again this is an investment advice. This is clearly I
just think mathematics. I mean the supply there's a two
hundred million ounce deficit every year or something like that,
and it's growing, and that's what they take from the
above ground supply in these paper markets, whether it's SLV
(12:47):
or GLD or whatever.
Speaker 2 (12:49):
These ETFs. I just don't think it's real David. I
think that at the end of the day.
Speaker 3 (12:53):
If you want to ask for physical delivery across the board,
those contracts couldn't be fulfilled, and so again you have
a reallocation of price.
Speaker 2 (13:03):
I think that's on the horizon.
Speaker 3 (13:05):
So a lot of those if it's if it's a
proposed you know, digitized anything or backed you know, whether
it's a silver backed or gold back digitized currency, you know,
take that with a grain of salt. I mean, it's
better than a stable coin in my opinion, if you
can get it if you're going to be paid in gold.
But if you're if you cash out your ETF, they
(13:26):
give you fiat currency.
Speaker 1 (13:27):
That's right, that's right, and there's no claim on it,
and it's not connected to it either. You know, I
got a this is a timely rock fin Eli says,
So what are good avenues for most of us who
cannot afford gold? Silver? As you're pointing out, you know what,
And I think that's the way a lot of people
get into the ETFs. That's way I got into it.
And I looked at it, It's like, okay, well I
can I can buy one tenth of an ounce of
(13:48):
gold or one tenth of an ounce of silver.
Speaker 2 (13:50):
That's easy.
Speaker 1 (13:51):
And you know, I go through the brokerage firm and
it's quick and it's easy, and I can get a
tenth of an ounce of it. I think that ropes
people in and I started doing that, and then I
realized when gold started moving, I saw, oh, wait a minute,
the ETF is not moving.
Speaker 2 (14:06):
Why is that?
Speaker 1 (14:08):
You know, why isn't it tracking that? And then when
I looked at it and I found out that it
wasn't really attached to physical gold at all, That's when
I started getting out of it. And so I think
that's why you see a lot of people jumping into it,
say oh, yeah, we should get into gold. So let's
buy gold through ETA. Well, you're not buying gold, you're
buying paper from a company that's there. But as you're
pointing out, you know, silver is there and there's a
(14:29):
smaller amount, and of course you've got a wolf pack.
People can buy small amounts. If you're concerned about getting
small amounts of stuff. People can get in with fifty
dollars a month and on up.
Speaker 2 (14:44):
Yeah, we made it really easy.
Speaker 3 (14:45):
I mean even to buy a gram bar of gold,
I buy them in sheets of one hundred and I
have my crew we break them, break them off of
those pieces and put them in individual coin sleeves. So
you can get that through you go to David Knight
Dog Gold. Yeah, we can put you in a grad Why,
I'll go with about one hundred and thirty dollars or so.
And that's I think we've got free shipping on all
that stuff.
Speaker 1 (15:04):
Yeah, you don't have to get an ETF in order
to get a fraction of an ounce. You know, you've
got physical weight. You can get physical gold and fractions
of an ounce there at wolf Pack.
Speaker 3 (15:15):
Yeah, and that's going to give you no counterparty risk.
I mean, I don't hold anybody's product. If you buy
for me, I want it out of the shop. I
want it in your hands. And that's your product. And
when you have something like silver that is priced the
way it is right now, and I don't know how
much longer it's going to continue to do this where
it's just you know, it's under forty dollars an out, folks,
(15:36):
that's crazy. I mean, gold hit it's all time high
thirty some odd times in the last year. In the
last twelve months, silver hasn't hit it. It's all time
high since nineteen eighty. So think about that. That doesn't
it makes no sense whatsoever unless you're talking about massive
accumulation by these banks. The largest physical holder of silver
(15:58):
in the world privately is JP Morgan, and you look
at other governments. China just put it's a strategic reserve
like nickel and lithium and other things. They're adding silver.
The Russians added silver as a strategic reserve. I mean,
we're their world is moving back into assets rapidly, and
(16:22):
it's going to show up and reflect in the prices
of these commodities. We're just not there exactly yet. I
mean gold because it's a monetary asset and because of
I think Basel three with the Bank of International Settlements
and the deed allarization that's happened. I think that's reflecting
the price. But a lot of this stuff silver is
about to follow, I think. And that's just pure mathematics.
Speaker 2 (16:43):
I agree.
Speaker 1 (16:43):
Yeah, you know, when again when you look at the
ETF stuff, the fact that it doesn't track. But I
think the other thing about it is when black Rock
decided that they wanted to get into bitcoin, why they
do They got in with an ETF It's like, okay, now,
how does that make any sense? You know, if you've
got something that's physical and you want to subdivide it
(17:04):
like you got to, you know, can't afford to get
a bar gold, it's like a million dollars or whatever.
So let me get an ETF and let them hold
a bar of gold and they can sell fractional shares
of it or something like that. As I point out,
you can still get small amounts of physical gold. You
have a lot of different ways that that can be
set up there. But when you look at bitcoin, there's
(17:26):
no need to fractionalize bitcoin. Bitcoin is infinitely fractionalized. So
you know, when you look at the ETF, you say,
wait a minute, there's something else going on here. When
I looked at the ETF gold and silver, wait a minute,
there's something else going on here. And that's something else
we saw happened to the real estate market. Real estate
is real, but the derivatives, all of these secure tized
mortgages were not real, and you were holding garbage. And
(17:49):
so that's the real key. And that's what I would
really warn people about these ETFs. It really is a scam.
Got a question here, Tony from chefkin on Rumble says,
whatever happened to platinum, maybe they're going to have an
excess of platinum as they get rid of internal combustion
engines because in the catalytic converter. I get rid of
(18:10):
my catalytic converter on my car. I was able to
sell it because I had platinum in it. So there'll
be a clout on the market as they kill the
internal combustion engines. I don't know what's it going on
with platinum.
Speaker 3 (18:22):
It's just been trading sideways for the longest time. And
I do I sell some platinum. It's not heavily requested,
but it moves basically sideways. I'd have to check the
spot price. I haven't in a month or two, but
it's you know, generally under one thousand dollars or eleven
hundred dollars an ounce.
Speaker 2 (18:38):
Then it'll go back and forth.
Speaker 3 (18:41):
I think that's just a reflection of it's not a
it's not been used as a monetary metal like silver
and gold has.
Speaker 2 (18:48):
It's rare.
Speaker 3 (18:49):
And you know, you mentioned catalytic converters, and I think
electronics and platinum is used and I you know, on
a long enough timeline, it will break out too. I
mean it's there's a lot of things about any any
of these commodities I think are way under price based
off of the debasement of the US dollar. I mean,
you mentioned earlier about returning to a If we returned
(19:11):
to a gold standard, what would be the actual price
of gold per ounce? You know, some estimates like in
between ten and fifty thousand dollars an ounce or some
crazy number stuff the dead and based off the money supply,
So you know, I agree with that. And platinum is
just one of those things. I think it's just waiting
in the wings for something to happen. Probably probably is
(19:33):
being accumulated. I mean I haven't. I haven't paid a
great deal of attention to it because it's not my
primary wheelhouse. But something will happen with platinum. We'll probably
it's the same thing like palladium. You know palladiums know
that one of those medals where you go, what's.
Speaker 2 (19:48):
The price per ounce?
Speaker 3 (19:48):
It just just it'll bounce around. Rhodium does that? You know,
it's another rare earth that you can find. You know,
precious metals dealers will deal with these, you know, pla
them and rohodium and palladium as well, but it just
hasn't it hasn't been on my radar. But gold and
silver are kind of all consuming for me as far
(20:10):
as price movement and what I watch.
Speaker 1 (20:12):
That's right, yeah, And you know when you're talking about
the reevaluation, which is a real possibility, you know, we've
seen this happen in the past, in the thirties and
then also then the seventies, and people one guy was
saying that that fifty thousand dollar figure came up when
he said, well, you go back and look at how
FDR re evaluated gold and everything in the nineteen nineteen forties,
(20:36):
and that was at a point in time when the
US's gold holdings were about forty percent of what the
debt was. And then in the nineteen seventies a similar thing,
and that point in time, gold was about seventeen percent
of the debt that the US had. And so what
he's saying is that today when you look at the
(20:58):
gold holdings, that the monetary number that's represented by about
the eight thousand tons that they have that is only
about two percent of the thirty seven trillion dollars of debt.
So what he's saying is that if we went back
to the seventeen percent figure, that'd be twenty five thousand dollars.
Goal if we went to the forty percent figure, that'd
be fifty thousand. We don't know, we don't know if
(21:19):
that's going to be reevaluated, but people are talking about that.
I just thought there's another article that I saw yesterday,
John Rabino said essentially the same thing. He said, how
do you make a case that gold is not worth
at least ten thousand dollars? He said, because what they're
doing is they're manipulating the value of the dollar and
(21:39):
with the debt that is there. And of course he's
telling people to get into real stuff. He says, get farmland,
get gold, get silver, or get a good vehicle, get
some emergency food, to learn how to grow in a garden,
and things like that. It's case that's really what we're
looking at. What is coming along the line. I think
maybe some of that has to do with a disenchantment
(22:00):
of some of the crypto stuff as well as Trump
really put it out there with his meme coins. I
think you really put it on the headlines about how
there's a lot of grifting going on in the crypto
markets as well.
Speaker 2 (22:14):
Is there.
Speaker 3 (22:16):
It's built on that unfortunately, and you know I've been
in a crypto space. I mean, well, bitcoin and crypto
are two different things. Really, they've they've really separated. Like
you know, they look at the mean coin industry and
that entire ecosystem's built on grift. Like I said, I
will never ever push any kind of mean coin. You'll
never hear me push an all coin ever. I think
(22:39):
it's all speculative. And you know what purpose does do
they serve a bitcoin?
Speaker 4 (22:44):
To me?
Speaker 2 (22:45):
And of course we have wise wolf bitcoin.
Speaker 3 (22:48):
It it fulfills a need electronically something that gold can't do.
And it's a decentralized network. You can't recreate that. But
am I I'm not one of these people also that
it's gonna tells you the price is going to be
some insane number, because I don't think that the markets
are supporting that right now. I mean, look at when
(23:08):
we hit one hundred thousand, I thought that seems about
right somewhere.
Speaker 2 (23:12):
In there for demand.
Speaker 3 (23:13):
But then you know, we reached the inauguration day and that
went to one hundred and eight thousand, and then it's
been flat and trading side, what's down right now, and
it's trading sideways for the past couple of months, and
I think we're probably going to continue to see that
sort of trend because the markets are scared, the markets
are are fearful, there's uncertainty. It makes no sense. What
(23:34):
is the United States economic policy right now? David, Yeah,
I mean that's an old question.
Speaker 1 (23:39):
And there's an old article on coin Telegraph about that,
and they actually looked a timeline of Trump. You know,
he's well, we've got a tariff. Now, I'm gonna take
the tariff off. Now we're gonna do this other two.
Now I'm gonna take that one, you know, back and forth,
back and forth, and that is spooking the markets, and
it is spooking a bitcoin and so it's that uncertainty
that is spooking them. But I think it's interesting that
(23:59):
in and that uncertainty is driving people to gold. That's
where people are going to go to something that is physical,
that is tangible, that is outside of their system when
they start worrying about how this system may collapse. And
so I thought that was a very telling aspect when
you look at it, the uncertainty and the chaos is
coming from Trump and his tariff dictates, but people are
(24:23):
running to gold and all of that rather than to bitcoin,
which I think is kind of interesting.
Speaker 2 (24:30):
I mean, it's just the history shows that's what happens.
You know.
Speaker 3 (24:33):
I was on a podcast a week or so ago
when I talked about Gresham's law. You know, Gresham's loss
states that when bad money enters a system, then good
money goes into hiding. And I put a question mark
over that. I said, until when, you know, until the
bad money dies, and then money re enters the system.
(24:53):
So it's an open question is to what happens next.
I mean, I think we've already seen, like the dollar
system itself was already in massive trouble. You add on
this terriff uncertainty, economic warfare, currency wars, trade wars, you
add all that, and on top of that plus sanctions
and everything else that had already caused dedollarization to accelerate. Well,
(25:18):
I think you're looking at replacing the entire system with
something else. That's the only thing I can surmise from
all of this. It makes absolutely no sense whatsoever unless
you're trying to have a controlled demolition of the current
financial system. And using chaos as a smoke screen for
the reset of some kind. That's the only thing I
can glean out of all this, and it's absolutely reflected
(25:41):
in the price of gold right now breaking three thousand
dollars ounce for whatever reason. And I eat, sleep, and
breathe this. I was surprised that we hit that price
as soon as we had.
Speaker 1 (25:52):
David, Yeah, it was everybody was predicting that for a while,
you know, they'd be like first quarter of this year,
they'll be around three thousand, and then they had a
different opinion because everybody got excited about Trump and the
fact that he's going to go full speed ahead on
crypto things and so forth, and a bitcoin reserve, and
so then it dipped. But I always thought that was
going to be temporary, and so did you, because you know,
(26:13):
you look at the fundamentals that are there. Nothing is
changing in terms of debt and other stuff like that.
So we knew that was going to be temporary. By
the way, you mentioned on the podcast that was on
Freethought Project, and people can still catch that they're at
the freethought project dot com. And excellent interview that you
had with him there. Knights of the Storm says, instead
of a black swan, we have an orange swan.
Speaker 2 (26:35):
Event. There we go.
Speaker 1 (26:36):
I guess if you're gonna have AI draw Trump as
a swan, it'd have to be orange.
Speaker 2 (26:42):
I guess. Yeah. Don't confuse it with a phoenix. Okay,
it may look like the phoenix.
Speaker 1 (26:47):
It may become the phoenix.
Speaker 2 (26:49):
Yeah.
Speaker 1 (26:50):
Instead of burning the Tesla places that burned the swan,
Travis says, if Trump ever sells his bathroom fixtures, the
gold market may crash. There you go through. He likes
to hold gold in his homes on the walls and
things like that. Well, you know, I've talked about what
might replace it, and I think there's been and you
(27:10):
and I have talked about this. The Republicans are now
everywhere saying no CBDC, no CBDC. But what's going to
replace it? The stable coin stuff, and it's got all
the functions of that we don't like about CBDC already,
all the know your customer stuff, as well as being
able to block an address. You know, that's what we've
been concerned about. CBDC being the platform being taken out
(27:34):
of the banking system because they don't like you for
some reason or the other. And of course these companies
are going to follow what the government wants to do.
They work at the pleasure of the government, and so
they're going to be malleable with all this stuff. But
we talk about price all the time. But when I
look at this, my real issue is the CBDC stuff
or the stable coins and what would be essentially a
(27:57):
public private partnership version of a digital current. And see,
I think the key thing that people need to look
at is that privacy is priceless. I think that's the
key thing. What do you think?
Speaker 2 (28:10):
Oh?
Speaker 3 (28:11):
Absolutely, And you know it's throwing this argument out there,
is like, oh, well, do you like we're not going
to do a CBDC, but we'll do the private sector
and we'll do this public partnerships and then you'll get it.
We'll have a stable coin because it's stable. No, I
don't want any of that. I don't hold any stable coins.
I don't see the needs of them.
Speaker 1 (28:32):
It's not a coin and it's not stable. And if
it's done by a private organization, there's no privacy in it.
And even though they say it's crypto, it's not encrypted.
It's a public ledger. All of these things are lies
that's that'd be a real red flagged everybody.
Speaker 2 (28:47):
It's like it's like the movie office space, you know
when he goes, what is it you say? You do here?
Speaker 3 (28:52):
You know, because that's what I live at. A lot
of the coins, especially stago, I don't understand. So if
I've got the dollar, what do I want to I
need this thing? I mean, I can you know, I
can send a wire, I can use a card, I can.
Speaker 2 (29:04):
I mean that was the bitcoin was.
Speaker 3 (29:06):
Supposed to, uh solve that problem with you know, private
peer to peer electronic transactions.
Speaker 2 (29:12):
So I'm not you know, in that space. I don't
understand it.
Speaker 3 (29:16):
Uh maybe I maybe I maybe I do. Maybe that's
the issues. I do understand it. That's why I don't
use it. And uh you can write about that.
Speaker 2 (29:24):
I mean it's it's like we're never gonna do a CBDC.
Speaker 3 (29:26):
Well no, you didn't do that, but you probably you know,
just bring in the the stable coins and you use
the piggyback off of fed now and all the structure
that you already have and you talked about know you're
the k y C and know your customer and all
the rest.
Speaker 2 (29:41):
You throw adding that in and then you.
Speaker 3 (29:43):
Just got to your your your surveillance is disguised as money,
and that's that's exactly right, David. So yeah, this is
this is another another challenge, another wrench there, throwing uh
in the whole thing on top of the fact that
the dollars in real trouble. Yeah, oh yeah, we're watching
We're watching a train wreck of epic proportions right now,
(30:05):
especially just being accelerated. And I just want to, you know,
remind everyone counterparty risk is what you should be focused on.
And that's whether you talk about assets, things that you
can control, you know, and even if it comes down
to where you own some bitcoin, you know, your keys,
your wallet, not non custodial, not somebody else holding your keys,
(30:29):
you holding, understanding what that means. And then it's the
same thing with gold and silver, physical gold and silver
that you hold, or you have a private contract for
physical gold and silver that you hold it a trusted vault,
you know, anything else, paper all that it's it's the
only worth with the papers printed on it. If there's
a crisis and you can't retrieve your asset.
Speaker 1 (30:50):
I agree, and you know when you look at what
these people are up to again, going back to what
we saw in two thousand and seven, two thousand and
eight the houses are real. Real estate was real, but
they're derivatives. Their securitization on it was not real. And
I see them replaying this whole thing. You know, we
talked about history doesn't repeat, it rhymes. All this stuff
seems to rhyme with that. As they're coming in with
(31:13):
bitcoin ETFs. As you've got the Trump administration out there,
all the three guys at the top, well the two
guys at the top, Treasury Secretary as well as the
Commerce Secretary, and then they've got the Interior Secretary, Doug
Berghram saying, yeah, we've got so many assets. You know,
we could sell off America. We can have a giant Americathon,
(31:34):
and it's all of our physical because you're going to
always go back to a physical asset, but it's going
to be at bankruptcy prices that they're going to do
this kind of stuff. That's why we need to do
what we can to try to get out of this system.
And that's what I like about what you have to
offer there. And the fact that, as you know, one
of the listeners was pointing out, if you don't have
(31:56):
a lot of money. You're not to buy a large
quantity at a time. You don't have to by you know,
an ounce of gold, you can get a fraction of it.
There's a lot of different ways and still have it
be physical. That's what I like about what you do.
I like the different forms that I've seen it come
in little chicklets that you can break off, or the
bills that have physical gold interwoven into them. Those are
(32:19):
some really neat things. I think it's one of the
best things about wolf Pack is seeing the different forms
that you can get gold in.
Speaker 3 (32:26):
Well, really proud of that. You know, I created a
model that is the opposite. I inverted it to what
most of the big gold and silver companies do. And
you know, it's a lot of moving parts, and we've
got a great crew. We pack hundreds and hundreds and
hundreds of packages a month. It's a lot of fun
and a lot of them in the majority of them, David,
are the small tiers, the small ones that you know,
(32:49):
most of these precious metals companies they don't care. You know,
they don't They're not seeking that business. They don't want
that business. I don't, you know, it's them. It's a hassle,
but I love that we were able to do that,
and we give a lot of variety for it, so
you know, again that's something that you can do at
Davidknight dot Gold. You can go check out the wolf
Pack and I wanted to announce today. We put out
(33:12):
an email yesterday, but I created a new tier. So
I did this for budgeting reasons and I wanted to
be a lot more competitive. So if you used to
when you had the if you went to the five
hundred dollars level on wolf Pack, it jumped the next
tier was one thousand. I put one in the middle,
(33:33):
so it's five hundred and then it jumps to seven
hundred and fifty and that's called Sigma wolf Now, if
you go to that new level, it's free shipping. That's
where free shipping starts, and then you can choose if
you want gold, silver, or a mix. So you get
to choose at that level and full on forward every
tier after that. You can choose if you want only gold,
(33:55):
only silver, if you want us to mix. So it's
a little bit more work for us on this end,
but I think it makes us a lot more competitive.
I was going to tell folks too, if they want
to upgrade from like a Wise Wolf, or they've maybe
they've been looking to upgrade for a while, We're gonna
put a free silver dollar in there, so just you know,
you can just let us know. We'll help you. If
(34:17):
you're already a member, if you want to upgrade, we'll
help you do that. What to cancel the old one,
We'll make sure that we get you a free Morgan
or piece dollar something in their free silver dollar.
Speaker 2 (34:28):
That's great.
Speaker 1 (34:28):
That's something I just had a comment here night Lovin says, Hey, David,
can you ask Tony about his deal for a first
time buyer? I think it said you get free silver.
Is that still happening there? I know you just mentioned
if you do the upgrade you get a free silver coin.
Speaker 3 (34:44):
If you do upgrade from any of the tiers into
Sigma Wolf, that's a free silver dollar. And if you
just use a promo code seventeen seventy six, like if
you're joining your new we're gonna put some free silver
in whatever package.
Speaker 2 (34:57):
That's great.
Speaker 1 (34:57):
Well, I really like what you do, and of course
that is the key, regularly saving at whatever level that
you can afford. And again, you've got this new one
Sigma Wolf. At seven fifty, people can decide if they
want to get all gold, all silver or mix it
and that type of thing and free shipping, but it
goes you know, that's at seven fifty, but you can
do it fifty dollars a month if you want to.
(35:17):
And so you know, people can buy any quantity that
they want. They can set up a regular savings program.
Speaker 2 (35:22):
I really do.
Speaker 1 (35:25):
What you do there is a big help to a
lot of people. So I really do appreciate that. It's unique.
I don't see anybody else doing that in the gold
or silver stuff. Nights of the Storm says, stable coin
is about knowing everything you do and being able to
tax every transaction, like when you pay the babysitter down
the street. Yeah, and it's also about shutting down your
access to your own money, because they can flip that
(35:46):
switch and stop that smart contract and ban your address
just like that. And we've seen enough of that deplatforming
and debanking already. I've experienced it myself, especially with the
tech people. They're the ones Johnny on the spot, you know,
kicking you off of platforms, kicking you off of PayPal
and things like that. So we know I'm not under
(36:08):
any illusions that simply because something is a private app
or something I like PayPal, that it's going to be
reasonable or not controlled by the government. It absolutely is
controlled by the government. Anything else you want to tell
us about, you got to show that's coming up right
after this show finishes. Tell us a little bit about
where people can find that.
Speaker 3 (36:28):
That's been a couple of weeks. I was sick last week.
I was dealing with whatever gain of function you know that.
I'd whatever vaccine thing that ran not done.
Speaker 4 (36:39):
I think it's measles, all right, watch that episode of
The Brady Bunch, so I don't have to be afraid
of that now.
Speaker 3 (36:49):
I was dealing I had been six since twenty sixteen.
I got a little on a chest cole or whatever,
and a little bit, you know, chills, and I was
just laid up in my cabin in the Ozark so
I had time to think though, so it would be
an interesting show. It's Artaburn Radio transmission will be live
on Brumble in the America Unplug channel and Twitter at
Tony Ardi Brown be live there, come check us out.
(37:10):
We do at least an hour of parapolitics and precious metals.
Speaker 2 (37:14):
That's great.
Speaker 1 (37:16):
Another question here from Eli Eli says, for crypto, what
about Monaro that is one of the private coins where
people cannot see your transactions. You still have the entrance
ramps and the exit ramps and things like that, but
within that their transactions are private. Also there is I
think another one called Xano I think, as well as
(37:37):
pirate coin. But again, when you got small currencies like that,
you may wind up having something that's ill liquid. You know,
that's the other side of it. Just you know what
we're seeing with rock fin You know, when you get
something as a small side cryptocurrency, it's sometimes you can't
get your money out of it because there's not a
buyer on the other side.
Speaker 2 (37:57):
Yeah, I used to be on rock Finn.
Speaker 3 (37:58):
I remember that channel that I just woke up and
add zero followers one day. Now, you know, you if
you know anything about crypto, I mean there's some there's
some amazing things that go on in the space.
Speaker 2 (38:12):
You know, mo narrow pirate chain. Of these privacy coins.
Speaker 3 (38:15):
I love the fact that you've they've put a lot
of work into that, and just because I think privacy
is key and it's your money, it's it's your funds.
I mean, we live in this world because of the
because of the crime of the income tax, and I
think it's a punishment. It's built, the income tax, and
the system itself is built by the world's wealthiest people
(38:37):
to make sure that they don't competition, you know.
Speaker 1 (38:41):
And they sold it to us by saying it's other
people who are going to pay for it. The rich
people are going to pay the taxes and they deserve
to get taxed, the same thing that we're hearing from
Trump now about the tariffs. And of course these are
people both Trump and the Democrats. They don't care about
the deficit, So why do they have to tax us?
Speaker 2 (38:56):
Is what I always say.
Speaker 3 (38:58):
We're yeah, we're way past you know, fiscal sanity or
having anything be budget neutral for taxation. Uh, it's now
just a it's a weapon. It's a weapon that's it's
wielded to make sure that you stay in your place.
And so we wouldn't have to worry about any of
these things, like it would be a moot point, like
(39:19):
privacy coins would be a moot point if there wasn't
such thing as antiquated punishment known as the income tax.
And you know, if we really wanted to boost the economy,
it's just suspend the income tax. If you really wanted
to use tariff strategically, do that and get rid of
the income tax and invite companies to move here. I
promised you we'd have a we'd have an economic renaissance
eight week if you announced that and just went stable
(39:41):
and said we're going to do you know this is
we're going to give the market certainty and build here
and all.
Speaker 2 (39:46):
But we're not doing that. So you know, as far.
Speaker 1 (39:49):
As that's one of the things Mysa said about the tariffs,
that hey, if Trump wants to have fair trade, and
you know, for just say, hey, I'll get rid of
all the teriffs if you'll get rid of all your terraffts, right,
and so we we can have free trade and we
could level it out at zero. But they're not going
to do that because they want the money.
Speaker 2 (40:05):
Yeah, well right, the rest of the It's so funny.
Speaker 3 (40:08):
Everybody acts like, well I read Adam Smith and Wealth
of Nations is an invisible hand and we're going to
all adhere to it except me, you know, because all
these that's the same.
Speaker 2 (40:16):
The countries all do that.
Speaker 3 (40:17):
They all, I mean, Canada has a two hundred and
thirty percent tariff on dairy products two and thirty So
the Chinese have massive tariffs on incoming products into their country.
Speaker 2 (40:30):
They used our old playbook. So this is all big
talk on the world stage about free trade.
Speaker 3 (40:35):
But it's only the United States supposed to take the
you know, all this punishment and they open up your
markets all the rest of that. We've been doing that
for a long time, as they've been looting the you know,
the treasury uh here, you know, domestically.
Speaker 2 (40:47):
But now this is a this.
Speaker 3 (40:51):
Is something completely different, has nothing to do with economic
national In my opinion, I think I don't think we're
watching economic nationalism. I think we're watching some sort of
creative destruction.
Speaker 1 (40:59):
Oh yeah, I agree, crave destruction and a massive griff.
Twenty first century robber bears. That's what I see these people.
You spell it with just one R instead of two.
Maybe that was what was always on Trump's mind. Hey,
we're could have him be a robber bear and I
don't know. Uh, but one last comment here before I'll
let you go. Tony on rock finn uh Kwalamos says, Tony,
(41:20):
can you speak about your IRA platforms?
Speaker 2 (41:22):
Next?
Speaker 1 (41:22):
Week and maybe have a rep on as well.
Speaker 2 (41:24):
Well.
Speaker 1 (41:24):
I'll tell you know, I've I've used Tony for the
IRA stuff and that's what we have our iras, and
and uh, it's you know, it's a it's a simple
way to do it, really and uh. And you can
do that because of the income tax code, you have
to have a third party that holds the stuff for you. Uh,
but you know, Tony can help you get through that
(41:46):
and uh and he's he's very helpful in terms of
holding your hand and getting the funds into that.
Speaker 2 (41:52):
So I can speak for the experience.
Speaker 3 (41:55):
Yeah, if you've got an IRA or a four oh
one K, or if you want to start one, you
can just go to David Knight dot Gold reach out
to us. We've got that down. It's an easy process,
especially if you're you know, holding a lot of paper
right now and you've got an IRA or four one
K and you're like, what am I going to do
here with these? And the markets are bleeding will a
lot of the lot of my clients And I was
(42:16):
thinking about that the other day. I was thinking, Wow,
it's been because I've been doing this for years and
I'm thinking some of them that did a significant.
Speaker 2 (42:22):
Amounts, you know, years and years ago.
Speaker 3 (42:24):
It's looking pretty good now, you know, as far as
especially the gold holdings, you know, like those goal holdings
that you know went from you know, I was putting
people in iras at fifteen hundred dollars an ounce, you know,
so I.
Speaker 1 (42:36):
We were a long ways from that. I wish I
had to move stuff over that point. I didn't do it.
Speaker 2 (42:41):
So yeah, I know it.
Speaker 1 (42:43):
It is amazing, and I think it's going to continue
because I think we're going to have inflation. I think
we're going to have debt. I think we're going to
have a financial reset, and I think part of that
financial reset is going to be a reset of the
value of gold, especially because it's not simply something that
the federal government can have the final say on. It's
going to be because all these other countries are moving
to that that's going to really force their hand. I
(43:04):
think so, but we'll we'll see what happens. Always great
to talk to you, Tony again. Go to David night
Eye Gold. I'll take you to wise Wolf Gold. Thank
you so much, Tony for your support over the years.
I really do appreciate it.
Speaker 2 (43:17):
Thank you.
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