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Feb. 13, 2025 - The David Knight Show
48:32
INTERVIEW: Gold Rush 2025 Empty Vaults & Chaos - The Great Repatriation and the End of Paper Money!
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And now, Tony Arderman is joining us of Wise Wolf Golden.
And, of course, you can get there through davidknight.gold.
That'll let him know that you're coming through us.
And it has been a whirlwind of events, hasn't it, Tony, over the last couple of weeks?
It's been two weeks since we've talked to you.
And it's amazing how much things have changed.
I don't remember what the price of gold was when we talked two weeks ago, but it's been setting all-time highs all the time.
Where is it today?
Oh, let's check really quick.
Spot price for 2,914 Luciferian Bankster notes make a troy ounce of the yellow metal as of right now.
Wow.
And, of course, it's the, you know, look, 13th of February, 2025. Look back, and I think this will be seen as the era of cheap gold, honestly, David.
Yeah.
We've seen this continues to break out and break all-time highs.
And I remind the audience, there wasn't an all-time high between 2011 and 2020. There was no all-time high.
And we've broken the all-time high for gold against the dollar over 30 some odd times in the last year alone.
So this is a trend that's only going to continue.
And I want to talk to you today about disappearing.
Gold inventory around the world in different vaults.
The Chinese, the Russians, the London markets.
It's being re-evaluated and reallocated all over the world.
It's a really interesting one.
And you've talked about this for the longest time.
You said, you know, we talked about the paper gold.
I read a long article earlier this week about silver, and a guy recounted his experiences.
I forget what year it was, but it was right after the Great Recession.
And, you know, they said, well, we want to take some delivery of silver, and what should have taken five days took us something like nine months or something, right?
And he talked about the different excuses that they made.
They kept putting it off and everything.
But we're seeing that, and I think it was after the last time I talked to you, you and I have been talking about for the longest time...
About paper gold and paper silver, the Shanghai Gold Exchange, and how, well, we don't really think all that stuff is there.
It doesn't seem to move in sequence with gold.
When gold makes big moves, it just kind of stays the same.
Sometimes it goes in a different direction.
Something is weird going on here.
And he said, yeah, I think we're going to find out.
That they don't have all this stuff, and when we find out, then that's really going to shake up the market.
Well, then we had the London Metals Exchange, and a lot of stuff is being repatriated.
Actually, you mentioned that two weeks ago, and you said, I'm going to break this news here, what is happening in London.
And I'm still not sure as to why so much stuff is being pulled back into New York.
Has anybody come up with a motivation for that?
Well, there's speculation that Trump may do another executive order overriding FDR and Nixon, returning us to some sort of gold standard.
I don't believe that, by the way.
But there's a lot of rumors floating around because of the flurry of executive orders and some bold moves being made.
You're going to have to do something radical to stabilize the dollar as the world continues to de-dollarize.
So those things might be simulated on the table.
I don't know.
But that has to do with tariffs, David.
So we always knew that something would happen.
Some event would trigger this exposure of paper gold versus physical gold in the bullion houses.
And the West has been playing a dangerous game since the late 1970s.
I've interviewed Stuart Engler, who wrote the book, Rigged.
I do believe that the powers that be in the central banks collude with the bullion houses to ensure that the price of gold does not continually expose the weakness in the dollar.
That's the game behind all of this.
You were talking about the story with the Canadian buyer about silver after the Great Recession and how that exposed What was wrong?
And if you remember, silver and gold, that's when gold reached over $1,900 an ounce.
This is 2011. And silver went up to close to its all-time high of around $50 an ounce.
And that's when Ben Bernanke came out and said, oh, wait, wait, this is going to be calmed down.
We won't do TARP again.
We won't do these kind of injections.
There's going to be regulation.
We're going to fix all this.
And the markets calmed down.
And that's a long time ago.
I think the debt of the U.S. around there was around $11 trillion.
So it seems pretty quaint in those times.
We've long since crossed the Rubicon of massive quantitative easing and currency injection.
So I think what's really being exposed here, David, I think at the end of the day, is that the bullion houses are going to see a...
A record number of orders being sent in to say, give me my gold, and they won't be able to make it.
So it's really the tariffs causing the repatriation of physical gold around the world and the uncertainty of the tariffs being placed on incoming products into the U.S., all of this is creating chaos.
That little bit of chaos, and I was thinking of...
You call it a black swan.
You can call it a Black Dawn event.
This is where you've got Donald Trump is going to inject this chaos, and this could be the trigger that brings in the entire revaluation of precious metals.
Yeah, he is a chaos agent.
And isn't it interesting that he has as his Treasury Secretary, the guy that was leading the effort for Soros to break the Bank of England.
He's bringing him in as Treasury Secretary.
He's like, hold on, it's going to be a wild ride coming up in the next couple of years.
I tell you, it's amazing how quickly everything is changing.
And again, he is there as an agent of chaos.
I'm absolutely certain that's why they installed him.
That's what it appears to be.
Would we be watching this price move if it had been a different outcome in the election?
I still think we'd be marching towards $3,000 an ounce gold, no problem.
It's just that the reasons are different.
It doesn't really matter.
The fundamentals of what causes the price spike in precious metals are all there.
I can't explain silver just yet, but I think those things are about to come to a head as well because the above-ground supply doesn't meet demand, and if the contracts for paper silver continue not to be fulfilled, all bets are off.
You're no longer going to be able to see it's $32.23 an ounce right now for silver.
That's so insanely cheap, given the debasement of the dollar over the past 50 years.
It's insane.
Again, I remind people, the all-time high for silver was $52.50 an ounce in 1980. And $52.50 in 1980 is like $300 today in purchasing power.
I mean, I don't know the metric, but it's off the charts.
So precious metals in the face of currency debasement, especially with the dollar, are still insanely cheap, even with these all-time highs.
Yeah, there was a listener who sent me a YouTube video.
I mentioned it briefly.
I'd like to get your comments on it.
The guy's got a channel.
He calls it Silver Seeker.
Maybe you're familiar with it.
I don't know.
But he was at a coin show.
And I don't know if it was strictly silver or if they had other stuff there.
But, you know, they're selling collectible coins, but then also just selling regular rounds and things.
And so this guy went to all these different dealers, and most of them would speak on record on the camera.
But then there was another two or three that he said they didn't want to go on record, but this is what they told me.
But they all said, I'm just not selling any silver.
And he goes, everybody wants to sell it to me, and they're coming in and cashing in stuff.
And so he goes, it's really strange.
The price of silver is going down.
The guy who sent it to me said, yeah, when nobody wants something that's got value, that's the time to accumulate it.
What is your take on that?
Is that what you're seeing at Wise Wolf?
Yes.
It's absolutely bizarre.
The prices are moving upward, but at the same time, the average The consumer, the buyer that I normally have isn't there.
And so I wonder, does it support the economic You know, theory of supply and demand, except for there is demand, and it's institutional.
So that's what you've got to watch.
The reason, like, I've made so many trips to the trading floor, and it's been a wild ride the last 120 days.
I've never seen my business like this in the entire time I've been open.
People selling to me, things I... I normally don't buy lots of, which is like the larger silver bars.
Those are for people to keep long-term.
When people come to me and they say, well, I want to store silver long-term, I generally put them in larger bars.
I'm like, well, just, you know, let's get as many ounces as you can for your dollar if you're not going to be using it to trade or anything like that.
People are selling me a lot of that kind of stuff.
And the buyers that normally are there...
Now, we've had an uptick in the last couple of weeks.
It's been great for individual buyers, but that is a very apt analysis of what's actually happening.
I can call the big brokers.
I talk to them all the time, every single day.
They see the same thing.
Everybody's selling and the prices are declining.
The prices are going up.
And so I would tell people in the audience, if you're smart, you'll look and see, you know, again, look at the price and then see that that has a demand.
Somebody's buying it.
It's banks, folks.
You know, I remind JP Morgan Chase is the largest holder of silver in the world.
They were convicted of suppressing the silver price.
So wrap your head around that.
Again, all of this is really about institutional central bank buying, whether it's silver or whether it's gold.
I mean, Russia just put silver as a strategic reserve asset on the books.
They're the first country to do that really since the Chinese were primarily the holders of silver in the 20th century.
Early 20th century.
So this is an interesting time.
I still think that the prices are insanely low.
But when you see people not buying, and that's the problem right now with precious metals is people are selling like crazy, but somebody's buying it.
And that's what I would remind people.
It's something you should look at.
When the big banks and the institutions are buying, you should probably think about it.
And I think some of this is going to be due to the fact that individual consumers are feeling the pressure of inflation, and that's why they're cashing in on this.
Even though the price is low, you have to do it if you've got to cash in so that you can pay your taxes.
That's one of the things he said some guy came in.
I asked him, why are you doing this?
He says, well, I've got to pay taxes, and so I'm cashing in a bunch of silver to do that.
But things are getting hard for individuals, and yet the big institutions, the big banks, they see the value that is there.
And so they're profiting at other people's expenses.
Absolutely.
And I totally understand that.
And that's why my company exists.
I'm happy to buy the product.
I'll buy everything.
That's not an issue.
I just found it to be highly strange.
The percentage of selling to buying that I've never seen before.
That's what caught my attention.
And you are correct.
There's inflation.
There's economic uncertainty.
People are, you know, it's harder and harder to keep up with your bills when your dollar buys less and less, has less and less purchasing power.
I totally understand that.
And that's why we're here.
I'm happy to help people out.
So I wanted to add that.
I mean, I'm not unhappy at buying that.
I'm just, I think that people might miss out.
And it's one of the reasons why we have Wolfpack starting, you know, at low, getting low entry level if you can just set something aside.
To accumulate precious metals, you're still going to be ahead of the average person.
Really, where we're headed with de-dollarization and the reset of the financial system, it's going to get really ugly for the average person, unfortunately.
I agree.
Doug Lug says, I've got a wolf pack on the way to me as we speak.
Angry Tiger, what we're just saying, he said, people are selling their silver to make ends meet, just like they're putting themselves in debt with credit cards.
It's just, you know, a necessity because we were looking at how much things have gone up, eggs and all the rest of the stuff, and of course, you know, it's bird brain flu.
It's not the USDA. These are things that are being done to us.
But when we were talking about gold, what was the high that it got up to?
Was it like $29.60 or something like that earlier this week or somewhere around that area?
Right at that, David.
You have different markets, different spot prices will give you different readings.
But around that, it was reaching very close to $3,000 an ounce.
And I don't think that's, you know, this has been talked about, you know, Citibank was calling for $3,000 an ounce gold back in 2021. So I think this is probably long overdue.
And if there wasn't paper markets, if there wasn't this sleight of hand, if there wasn't like, you know, I mentioned we were talking about silver earlier.
It's estimated that for every 250 ounces of silver that's traded, In the markets, only one exists in the real world.
It's about 250 to 1. And nobody really knows what the gold ratio is for paper.
But I think that really you're going to see an exposure there.
I don't think they've planned on it.
One thing that I don't think they counted on was anything like tariffs in the modern Western liberal economies that we have to worship the god of free trade.
By the way, it's a god that failed.
And they have to continue to bow down to it.
Now, all of a sudden, all those bets are off because of their failures and the political upheaval.
It's a variable.
And it's thrown a wrench into the system.
So I think this could have a cascading effect in the short term.
Not to mention long term, but in the short term.
I think you'll see a run-up to $3,000 an ounce gold.
Silver will probably break out here very soon.
Again, not investment advice.
But silver will break out, I think, very, very soon.
Something is going to happen that will be a trigger event.
Maybe delivery is not made with nation states, large banks.
Something will happen.
And again, somebody is buying.
So I wonder if they're running, they've got to be running these simulations at some level saying, okay, well, if we accumulate here, we see the price fluctuations given, you know, two or three quarters down the road.
Yeah, I remember back in the fall, you know, when it was looking like, you know...
Lala was getting a billion dollars all at once, and the media is pouring on the charm offensive and everything for her.
It took a lot.
So they were saying, well, we're going to have gold up around $3,000 in the first quarter next year, right?
This year.
This quarter.
And here we are in the middle of the quarter, and we, you know...
Kind of kissed 3,000 at 2960. And then when Trump won, everybody, okay, good.
It's going to be great economic times now.
We don't have to worry about any of this stuff.
Plus all the crypto thing.
Crypto gets this massive boost because now he's going to flip the switch and they're going to go in exactly the opposite direction.
Instead of attacking crypto, they're going to boost it.
And so, you know, I put that commercial together before Christmas, you know, like the Trump euphoria is there, right?
But as you and I were talking about, Ben, nothing had fundamentally changed.
And we've had BlackRock, he says, well, what we're doing, it doesn't really make any difference whether it's Lala or whether it's Trump.
It isn't going to make any difference to what we're doing.
The fundamentals didn't change, but it's amazing the group psychology that was based on the election.
But now we're, here we are, back to where...
The fundamentals were going to take us all along, and that is, you know, coming up to 3,000.
And so as we look at this, and what is, the story in the past years has been the fact that central banks were buying gold and accumulating that a lot.
Now the story is rapidly becoming, where is the gold?
And, you know, who's got the gold?
Who stole the gold?
This headline here from Kitco.
Bricks banks are bleeding gold bars.
China and Russia face runaway gold demand.
And then London can't find it.
You know, and others, I mean, this is the story, and this is, I think, a bigger story than, you know, the underlying fundamentals that are driving it.
You know, inflation and things like that are driving people to gold, and then people can't find the gold, because there's this fiction that you've been talking about.
Well, I'll add to that.
South Korea suspended sales of bullion.
They're not part of BRICS, but this is international.
The fundamentals all existed after the Trump election.
There was a lot of selling off.
I love the commercial that you put together.
You know, there's a sale on silver and gold.
People started selling off to get into the markets and things like crypto, which is good.
I mean, there's going to be still a crypto revolution with a question mark hanging over it.
I think that it could be great for everybody.
The rest of the world still exists.
I would add that.
That's what's causing the spike in the price of gold fundamentally.
You mentioned the BRICS banks.
That's an article that's up on Kitco, and I read that this morning.
You know, Russia and China.
But when you read into that article, David, you know what it's mentioning is that the people, they're selling it to the people of those countries.
That's why they're running down on inventory because...
Everyday people and institutions, and of course the Chinese just recently made it legal for the insurance companies to hold gold on their balance sheet at about 1%.
These are massive moves, and when you take something like gold and physical gold and realize that it's not as plentiful as you would believe looking at all the stuff like GLD or SLV with the paper markets and the ETFs and all the exchange-traded stuff.
When that is exposed, it's actually a precious metal.
It's harder to find, and it's being accumulated more and more by big institutions.
There's going to be a supply shock.
It's much like Bitcoin that's going on with the ETFs, but even more so because the people, and gold's been a part of the human story since the beginning of time, and it always will be.
So I think more and more you're going to see a re-evaluation of prices, and it has to do...
With the demand for physical gold, that's going to be the new thing.
It's a trust factor.
And I think trust around the world is diminished.
You talk about a fourth turning.
What happens at the culmination of a fourth turning?
It's the destruction of previous institutions and their power or what power sway they had.
That trust is waning right now.
We'll be replaced by something else.
As a matter of fact, I called it a few months ago.
I think I was on tinfoil hat and I said, look, I'm going to go ahead and say that the dollar has already lost the world's reserve currency status.
Gold is the world's reserve currency.
Again, it's just not yet.
It's just on paper.
You're still seeing that.
The dollar is the number one held asset by central banks.
Gold is the number two.
It supplanted the euro last year or so.
Well, I just read an article, and other analysts are saying the exact same thing.
They're like, well, the gold has already supplanted the dollar.
It's just a matter of time and trading and other things and balance sheet recognition of that.
So we're already in an era of gold, absolutely.
The all-time high of dollar against gold.
The train has left the station.
If you're waiting on the fence saying, well, I'll just wait until we get back down to $2,000 an ounce gold.
What was the price of gold when I started talking to you, David?
Let's see.
We should look that up.
It was probably November of 2019. It was the first time I think I ever came on your show.
I believe the price of gold was about $1,300 an ounce, $1,400 an ounce, something like that.
I'll look it up, but it wasn't 2,920.
I want to go back to what you said about South Korea.
You said they stopped the sale of gold.
Exactly what did they do?
Did they stop the private sales of it, or did they stop the central bank from getting rid of it?
I mean, central bank's probably not trying to get rid of it.
What did they do?
It seems to be on the market, on the trading markets, it might be just with their exchange, stop the sale of bullion bars.
Of physical gold bars.
Is it like a temporary thing?
Like, you know, they stop trading.
If something starts really falling or rising really quickly, the stock market might...
I think that's the reason why.
Because if you see a run on something and then there's a supply shock and the price will far exceed all the things that are in paper.
See, that's another thing.
These prices are going to start putting so much pressure.
On the paper gold.
I think it's all going to come unraveled.
Especially when things won't send delivery and they keep making excuses.
There's going to be a flurry.
And then that is going to cause...
I think gold always comes in when there's fear.
And mistrust and other things.
It's a compounding snowball effect, and I don't think it's going to get better.
No, no.
And, you know, so, you know, China had stopped accumulating gold with the central bank for about six months, and now they're back in it.
But as you pointed out, and I mentioned it a couple of days ago, they're now pushing insurance companies to get it, and not only allowing them to get it, but pushing them to start to hold gold, because I guess they're, you know, you need some insurance for the insurance companies to be able to pay this stuff off.
So it It truly is amazing.
I got a couple of comments here.
Dougalug said 2008 gold was $700.
Yeah.
Militon Milinkovic says, from my experience in working in the tech industry, silver is used in a lot of things, from optics to chip making.
That's right.
And that's part of it, though, that it is an industrial, heavily used, industrious metal.
And if we have a recession where things start going down, that's the other component that comes into the silver market, right?
Because it is so heavily used in manufacturing.
If people aren't manufacturing stuff, that's going to cut down some of the use, right?
Well, that and I would point people to a phenomenon called urban gold mining that will be going on.
When we hit $3,000 an ounce gold, David, there will be so many people looking for Gold in their own backyards into garage sales.
Karen just had a tooth pulled that had gold.
I buy teeth all the time.
We will send that to you.
It was not voluntary.
It was a great deal of pain to have that thing taken out.
People send me teeth all the time.
They're like, what's that worth?
Usually it's $14 to a carrot or so.
You've got to account for, a lot of times there's enamel and other things in it, but, you know, for the weight.
But it's usually, you know, I buy teeth all the time.
The dentist have sold me teeth.
It's an adventure in the gold and silver business.
One of the first times somebody sold me teeth in San Antonio, I just opened my shop and they just dumped this bag and it still had teeth on it.
I was like, wow, that's crazy.
So when you're down in the mouth, you can always sell that gold that's on your teeth, I guess.
Well, yeah.
And it's universal.
Electronics, medicine, you name it.
Jewelry, it's just such a part of our story.
I was asked the other day, like, what is money?
And I said, well, money is something that holds intrinsic value outside of any economic system.
It has to be scarce, it has to be measurable, and it has to hold value in the face of everything, even an economic collapse.
And that's what, to me, that's what gold and silver are, they still are used in things way beyond monetary uses uh so that's why the dollar or the fiat currency aside from being truly evil uh has no value uh it's fake you know it's it's uh it's a funhouse mirror version of what actual money is and uh and i think that that experiment since 1971 um is coming to an end i mean
It's not tomorrow, but that's why they call it a great reset.
Every time I talk about this, it's like the super elite, the Davos set, they know this.
Bloomberg said it best.
You mention this all the time.
We have to give people something, do something so they don't come after us with guillotines.
Well, yeah.
They're doing something.
They've got to figure out something to reset the system without getting guillotined.
That's what I think they're looking at doing.
They either return to gold or revaluation of currencies, and that's what BRICS has, I think, been doing this whole time, is just accumulating things like gold for a currency reset.
I agree.
I agree.
Yeah, Angry Tiger talking about hard times.
So a friend of mine is a business owner and has been hoarding silver for years.
He's been selling it off lately to keep his business afloat.
We're getting into some hard times.
Wes Robertson said central banks have been buying gold around the world and will continue to manipulate the prices.
And that's silver and gold.
That's part of it.
The ETF stuff is part of it.
But again, when that ETF scam blows, it's going to blow big.
You've been talking about that for a long time.
Guard Goldsmith says, I'm curious to see what Tony and David think about the silver use when the solar, et cetera, gets cut back.
What do you think about that?
Do you think we're going to have any solar cut back, or are they going to continue pouring money down that hole?
Because it's a big, big user of silver.
I think that just worldwide demand, and solar may have a huge fallback.
We may see that, and that's probably more likely than not.
But you still have the massive amount of demand for EVs and battery technology and other things that...
Silver in no way, shape, or form is valued correctly.
As I mention all the time, you've got 200 million ounces of deficit minimum every single year, so they have to take from the above-ground supply.
It's only increasing, even if they're not going to do the Green New Deal or Green New Steel or whatever they're doing, it's still worldwide demand continues to rise.
For silver, which is really an industrial metal, way beyond being a monetary metal, but also things like breakthroughs in medicine with silver in our current climate, I think are continuing to rise.
Demand for that is way, way up.
The antibacterial, antimicrobial stuff that's usually resistant to, you know, Those diseases like MRSA and other things that silver just takes care of.
I mean, it's continued to be used and manufactured for that reason.
So I think I just see demand.
Yeah, if Pam Bondi can get Letitia James back in her cage, we can start having silver again.
You know, she came after Alex and she came after Jim Baker, I think.
And those are perfectly legitimate things.
I mean, you know, they use silver for burn units and things like that.
But boy, she's going to put you in jail.
I mean, what?
Criminal she is.
So it's good to see her getting some of her comeuppance, even if it's just going to be revenge, not real reform.
But you talked earlier.
So, you know, what is money, right?
So, let me get your thoughts on pennies and what happened this week.
I'm the only person that I've seen out there that is looking at this in a skeptical way.
I mean, John Stossel and all these people, yeah, I hate pennies.
They're a nuisance, and we ought to get rid of them, and I'm glad that Trump did it and all the rest of this stuff.
And I'm looking at it thinking...
I don't know.
Is this the beginning of saying it's too expensive and we don't want to be bothered with making physical money or physical fiat?
Because that's what it is.
It's just a plug nickel and a plug penny and all the rest of that.
What's your thinking on this?
Well, it's sad.
Let's start with that.
That's the first thing I think of.
When you depart from exactitude, that's another thing.
That's the philosophy in the penny.
The penny is I'm getting exact change.
Yeah.
The movie Office Space, he talks about stealing the pennies on the transactions.
That's how he gets rich.
You take the fraction of a penny and he uses the analogy of the trays and the penny tray at the 7-Eleven or something.
I've always thought about that.
You're also departing the philosophy of exact change or exactitude, which is dangerous.
It's like somebody's getting something for that.
It's like when you go into a retailer now and they always turn the screen around and you Have to look at the clerk, and because they can't pay them enough, you have to tip them every time.
Well, something like that with the loss of the penny, it's going somewhere.
But I would remind people that since 1982, the penny's not made with copper.
In 1982 and back, it's kind of like the silver is 1964 and back.
The 1982 and back pennies are copper.
Now, if you go and look and see, what's that penny worth just in copper?
You can see that every website will tell you, don't melt them.
It's illegal to melt them.
Don't melt your pennies.
But there's copper in there.
And they do that because it would start exposing what's wrong with the money.
When you can melt something and it's more valuable than the face value of that coin, there's something wrong with your economy.
It's like a silver quarter right now.
It's like $7.
It's like something crazy.
You add that up and you face value out to like $28 face for four quarters or ten dimes or two half dollars that are silver.
So there's something wrong when you have an economy where you can't even make a penny.
I saw something the other day.
We're penniless.
You can buy fake pennies and they were worth more than the actual pennies or something like that.
That's always been a joke running around the internet.
I think that's sad.
But really what it is, it's the beginning of the cashless society that I think they would like to go to.
It starts with the penny.
And that's really sad.
The penny's been a big part of our history.
And a lot of pennies are worth a lot of money.
Collectibles, especially the 1943 copper penny.
There was accidental copper pennies made in 1943. They were supposed to be steel because of World War II. And somebody accidentally put sheets of copper into the mint.
And so if you find a penny that says 1943 on it, it's copper.
You better go see a coin dealer.
Yeah, pinch those pennies.
Well, you know, that's the thing.
What you just said about the face value versus the intrinsic value of it, that was the dog that didn't bark in all these different analyses.
You know, I'm looking at John Stossel and he's like, look at how much it costs to make these things.
And that's what everybody was taking that same angle, which was the angle that was put out by Trump and by Musk.
Look at how frugal we are and how responsible we are because it takes two or three or four cents to make a penny.
So we're going to just stop that.
It's like, that doesn't make any sense at all.
Over and over again, as you just gave us with the history of the penny, we've seen them debase it.
You know, let's use even a cheaper metal or this or that.
They'd always do something like that.
And of course, they're debasing the currency with inflation.
Just the figures here for what happened in just the last year.
In 2024, you know, from 2023 to 2024. The price of a penny went up by 20%.
The price of a nickel went up by 19.4%.
The dime went up by 8.7%.
And the quarter went up by 26%.
And so only the dime is, I believe, it doesn't say it in this article, but I think I saw it in another one, that only the dime was ahead of the actual, they could make it for less than what the face value was.
But of course, you're not going to just use these things once.
That's the other part of it.
But the real issue is the inflation.
Why is the cost going up in just one year 20%?
I mean, it's not like an egg, and we know what they're doing with the egg.
They're killing their chickens.
That's the untold story that nobody wanted to talk about.
The inflation, the debasement.
And then why would you not, since they've debased the currency so many times, why wouldn't you just go to some other plug metal and make it from that and keep it there?
But to me, that's the real issue.
And of course, the value, the fact that a lot of these people said, well, I think a penny is just a nuisance to have to keep these things around.
Well, that's also an issue of inflation, but nobody really wanted to talk about the inflation.
I thought that was really strange.
Well, it's a tell.
When something continues to rise in cost against the face value of the coin you want to make, that's the true exposure to the failure of the fiat system.
It's the loss of purchasing power in your currency.
It's like, well, it costs us more and more to make this.
Well, does it?
Is the actual base material that you're buying year over year, does it really cost that much more, or is it your currency that's losing value?
And that's what they don't want to talk about.
Somebody always figures it out, like, wait a minute, does this cost the same, you know, as far as if you look at the dollar index, it costs the same, but something's wrong with the dollar.
It's just like we see the headlines on some of these precious metal sites, like, well, gold stalls on inflation data.
And then you're thinking, okay, well, I'm going to read into this and see that, you know, the inflation data came out and it was, you know, in reverse or something.
No, people were surprised that inflation was up after we just did quantitative easing and rate cuts.
And you just increased the money supply.
That's what that was, you know, before the election with Jerome Powell and lowering interest rates.
It increased the money supply.
That's what it does.
That's liquidity.
That's what the very definition of that is.
I know it's surprising, David, but it caused inflation, apparently.
Everybody's really surprised that there's inflation with an increase in the money supply.
You and I can pretty much easily see this.
We have the glasses from They Live.
We just put the glasses on.
I see what you're doing here.
It's pretty easy to see.
I don't have to be...
I'm not an expert in any capacity.
I'm just a paratrooper who likes books, but I look and I see there's something wrong against the purchasing price of the fiat currency.
That's what the issue is.
And it makes me suspicious when you see that Musk has got all the books now of the Treasury Department and all the rest of the stuff that he's getting into.
But when Trump takes away I compared it to the bump stock.
You know, the bump stock in and of itself was not important.
What was important was a precedent of doing gun control by executive order, and that was seized upon.
And this will be seized upon by other people and repeated.
Well, it cost us 11 cents to make a nickel.
So let's get rid of the nickels next.
That's the path that they're going.
And while all this is happening, the guy who bought him, Elon Musk, is trying to set up X money, and he's doing a deal with Visa, and he wants to make X the everything platform.
He's got a digital wallet that he wants out there.
So he's making big moves, and all the people around him, Lucky Lutnik and all the rest of them, making big moves into digital money, into crypto stuff, while Trump gets rid of the most, you know, and everybody cheers.
Oh yeah, we don't want that penny.
It reminds me of what I saw with the NRA about the bump stock.
It's like, yeah, we're not going to fight about that.
You know, the next thing you know, you've got a pistol brace ban.
And then it's something else, right?
And so it's that precedent that...
To me, it matters.
And, you know, Tony, I like your thoughts on this.
We talk about the petrodollar all the time, right?
Where we had the U.S. dollar connected to energy.
And, of course, the technocracy has said back in the 1930s, they were saying, we don't want to deal with currencies.
We don't want to deal with banks.
We don't want to deal with markets.
We want to deal with energy.
And we're going to price everything in energy.
And in a sense, the petrodollar was kind of a nod in that direction.
But when you look at CBDC, or if we go with some de facto digital money that is put out there by Musk or by some of these other technocrats, they're looking at tying it in to energy usage.
That's one of the key reasons that they want to go to this surveillance currency.
And they all support things like carbon taxes and carbon credits and everything.
So that, I mean, is that going to be the kind of the digital petrodollar, combining it with carbon credits and carbon taxes and eventually tracking what people use?
What do you think?
I think that would be the logical conclusion of the technocracy.
As a matter of fact, I talked about this yesterday on a show.
If you look at the The manual that was found in an IBM copier in 1986 in an estate sale, Silent Weapons for Quiet Wars, whether it's a real technical manual for the elite on human enslavement or whether it's some sort of copy or something.
It's interesting.
That's a true story, by the way.
Somebody found a copy of that and it wound up in Bill Cooper's book, Behold a Pale Horse.
But if you read the opening chapter, it is a...
An esoteric breakdown of money as energy itself to keep people on the hamster wheel so that they can never actually fight back.
They're so busy paying bills and so busy trying to exchange your energy.
And it's more of a way to look at people as cogs in a machine.
But the energy, again, there will be energy shortages, all the rest of that tying currency to energy.
I think it would be a perfect way.
To continue to control you.
And, of course, you could sell it as, well, we're going to back it by what powers us.
Well, that's interesting.
There's a lot of open questions above what they're going to do next on CBDC. I still have my eye on that ball, by the way.
I never took it off.
I don't believe any of this.
That's right.
Yeah, they're just going to rebrand it.
And bring it back in a different way.
It'll be kind of a public-private partnership rather than Biden coming at you right in your face, wearing his uniform and his flag.
They're going to do it as a fifth column.
Yes.
You can't take your eye off that ball.
That's been their goal all along.
It starts with the penny.
It starts with getting rid of physical...
We always talk about fiat currency, but what's it cost to make a dollar, Dave?
It's a special type of paper, by the way.
Mm-hmm.
Mm-hmm.
What's it cost to make a dollar?
And it's a much bigger spread for the paper currency.
However, paper currency doesn't last as long as these coins do, right?
And nobody's talking about that.
Nobody's done it.
All these people, oh, yeah, well, it costs this much and that much, and we print this many of them, and we spend this much every year.
But nobody talks about how long does a coin last in circulation.
I mean, we still got coins that are taken out because they become more valuable as collector's items.
But other than that, we've got coins in circulation that have been around for millions.
Well, in the crypto world, they call it burning.
So if you have a certain amount of coins that reach into circulation, you can, through your program, you can just burn those coins if they're not being used or if they're on old wallets.
That doesn't happen in Bitcoin, but it can happen in the cryptocurrency world.
Well, I mean, that's a thought experiment.
What if you have 80% of all the $100 bills ever made?
Are not in the continental United States.
They're outside and floating around in the world, circulating as the world's reserve currency.
Do you want to burn that currency just metaphorically?
If you don't want those dollars repatriated, do you just say, well, this doesn't exist anymore?
You just start taking out physical fiat currency, which I'm not for a cashless society, by the way.
I think cash is important.
You have physical money.
You know, physical currency, rather, is very important for freedom and privacy and other things that we need.
You know, I want it backed by something at some level.
I'd like it to be real, but, you know, I don't want it to be completely gone either.
So, something to think about there.
Oh, yeah.
Yeah, I think the penny is a thin end of the wedge, quite frankly, going into a cashless society.
And as I said, you know, I always said Trump made no sense, but now he's...
He's literally made that true.
But it makes perfectly good sense if you look at what their ultimate goal is to get rid of physical money, I think.
Jason Barker says, I've been saving all my old electronics to do gold recovery.
He's going to do some urban mining there, I guess.
He said it might be economical to do it now.
I never wanted to mess with the chemicals, but it might be worth it now.
Yeah, be careful of those chemicals.
Be very careful of that.
Atomic dog.
Said, my wife's gold tooth was worth about $200, paid for about a third of the new crown.
Well, there you go.
I guess there's always a silver lining or at least a gold lining.
Some of these problems.
So tell us what's going on with your gold to Bitcoin and vice versa now.
How's that working out?
Anything new with that?
We actually have some new stuff going on with Wolfpack.
You can get there at davidknight.gold.
I added two new products in the last 10 days or so.
Constitutional Wolf is now a tier that you can get.
We have big reserves of 90% U.S. silver coinage.
I've got a discount rate there.
A $250 and a $500 package you get one time, but we pick those out for you, give you a detailed invoice, and it can save you considerable.
And, of course, the variety, too.
And we don't go, by the way, I don't just sift through all of those coins.
So you might get some collectibles in there.
I'm not saying that you will.
But I don't buy the bag full.
I don't have the time or the resources to go through it.
So you might just get a winner in there where I go, oh, that's worth way more.
Great.
Go turn it in and make something happy for you.
So Constitutional Wolf is on there.
And I just added, this is brand new.
But there's a tier on there.
You can't do a membership with it because the price fluctuates so much.
But I'm selling one gram gold bars.
People have asked me, I want just some gold.
You can get one gram gold bars from me, free shipping, no credit card fees, no fees whatsoever.
It's on there right now on davidknight.gold on the Wolfpack site.
And you can buy as many as you want.
But one, if you just want one, again, free shipping, no fees, and we're going to be able to save you a considerable amount just if you went and bought that somewhere else over the shipping and over the fees.
Because what we do is we buy these Valcambi big sheets of hundreds, and I have my crew, they break each piece off, and then we put it into a coin flip, so you're actually saving on getting a...
A grand bar of gold that you would have paid retail online.
So we added that as well.
That's just to make it to where people who want to get into gold and have some physical gold but can't afford some of the upper tiers that we have.
So I added that and, of course, the Bitcoin.
We're just rolling along.
If you want to buy Bitcoin, go to davidknight.gold.
We haven't added the Buy Bitcoin tab yet.
I'm still waiting for my website to be published.
We've got some stuff working.
But I'm open.
So if you want to buy or sell Bitcoin, you can go through me.
And again, anything you want to do with precious metals through any of my stuff, whether it's Wolfpack or a direct sale, we charge no fee for using Bitcoin.
We see it just as cash.
Well, I've got to say, I've had some listeners who have donated to me through Wolfpack and through that.
And it is interesting to see the different forms of gold.
You know, you're talking about breaking off the things and getting little chiclets and stuff like that, as well as the gold paper notes that have gold interwoven in them that comes out of Utah or something like that.
It really is interesting to see the many different ways that people can subdivide the gold.
And I think we're going to see a lot more of that as we move on, because I think we're at a point now where, you know, Trump is there to create chaos.
and this is happening at the tail end of the fourth turning, where, as we've been saying, everybody's losing or has lost trust in the institutions.
That's what Tulsi Gabbard is supposed to do.
Tulsi Gabbard is there to restore our trust in the intelligence agencies and national security.
And it's like, it's going to take more than Tulsi to make...
Make me trust those people.
I would never trust them with anything.
But it's always great talking to you, Tony.
Thank you so much, and thank you for your support.
And always great.
And you've got a program that's coming up immediately following this one today?
Tell people a little bit about that.
Radio transmission.
My once-a-week transmission.
I wasn't able to do it last week because I was traveling.
So, yeah, go to Rockfin on the America Unplugged channel or my Twitter.
Tony Arterburn will be live here at 11 a.m.
Central Time.
That's great.
Or noon Eastern Time, as they say.
It's noon Eastern.
That's right.
Well, thank you so much, Tony.
Always great to talk to you.
It's been very interesting, and we are living in interesting times, aren't we?
A lot of crises are going to be coming one after the other.
That's right, boys and girls.
There's a post-election sale on silver and gold.
Trump euphoria has caused a dip in silver and gold.
It's time to buy some medals with fiat dollars before they come to their sense is.
Go to davidknight.gold to get in touch with the wise wolf himself, Tony Arterburn.
He knows where to look to find silver and gold.
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