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Feb. 27, 2025 - The David Knight Show
42:31
Fort Knox, “Trust the Gold”: What is the Trump/Musk PR Purpose?
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Joining us now is Tony Ardeman of Wise Wolf Gold and Tony's kindly set up DavidKnight.Gold will We'll take you there and let him know that you came through us.
Good to have you back in the USSA, Tony, after being in Acapulco.
Tell us a little bit about that.
You said you gave a couple of presentations there, right?
Yeah, well, this is against my own nature.
I usually don't go on any sort of trip longer than four or five days, and it just went a little farther on.
But I was asked by Jeff Berwick to speak at the end of Anarchapoco.
He had a panel.
And so I spoke twice there on gold, crypto, and the monetary system, and the stuff that you and I talk about every Thursday.
But it was live, and it was great.
It was good to network with people.
It was like-minded.
Getting some sunshine didn't hurt either.
You didn't see any drug gangs there shooting people up, right?
When you're in Acapulco, you want to make sure that you don't want to stand out too much and you don't want to throw your weight around.
I went back to the hotel every day after the presentations.
Just stay to myself.
It's not my country.
Yeah, that's right.
Well, let's talk a little bit about what's going on at Fort Knox.
And I want to get your take on it because we've got, you know, Trump and Musk are saying, yeah, we're going to go do a walkthrough.
And Rand is saying, well, I never was allowed to go through there.
And then you've got the Treasury Secretary, Besson, who said, oh, it's all there.
It's audited every year.
And it's like, what?
This guy's going to lie to your face just like Anthony Fauci.
Of course, the gold is under the U.S. Treasury.
But I like this headline from Mises.
The gold at Fort Knox was stolen from Americans.
What do you think about this and about the auditing and about Bessent saying, well, we audit it every year and it's all there.
He knows that.
Sure you do.
Right.
Sure you do.
I think what's interesting is going back to the pre- 1950s audit of our actual gold holdings.
You know, we're supposed to have about 8,100 tons of gold and I think about 4,000 tons or so are supposed to be at Fort Knox.
Well, we actually had somewhat double that or more before the end of World War II. And I think the bigger question, where did that gold go?
I always talk about this, kind of the side history to the executive order by FDR in 1933 was, Turn in your gold coins.
We had the $20, $10, and $5 gold pieces, and people were told to turn those in because they were going to reset the system, inflate the money supply, erase gold from $20 an ounce to $35 an ounce.
But there's a little-known history there that that gold that was taken from the American people was melted down, and a giant chunk of it went to the Bank of International Settlements in Basel, Switzerland, the BIS. The BIS was started in the 1920s.
It was just after...
World War I. And that was by design.
You go back and look at the hijacking of the American money supply and the creation of the Federal Reserve in 1913. These were all moments in history where the setup to rob Americans of their gold goes way back.
And decoupling our...
Our dollar from gold, and that really started before 1971. Nixon took us off the gold standard in 71, closed the gold window.
He didn't say we were going off the gold standard officially.
And that was supposed to be temporary.
But the world had already realized that we debased our coins and going back to 65 and taking the silver out.
We inflated the money supply.
Everybody knows that.
So that is an open question.
The gold in Fort Knox and other gold that we hold at the Federal Reserve Banks and elsewhere, I think that what that's supposed to show is the strength of the United States economy and all the rest of that.
But if you monetize the gold today, it's only about $760 billion, which would only cover about, what, three-quarters of the interest payment on one annual budget for the debt.
So they're not going to re...
I think what's happening now, and as I start, you know, resetting the way I look at this, because, you know, I've been for so long, the U.S. and the West, the Federal Reserve Bank especially, has been at war with gold.
And it has to.
It's a natural enemy.
Because when you decouple it from, you know, a standard and, you know, no longer...
You know, the dollar's no longer backed by gold.
I think that throughout the 70s, we showed that the U.S. went to war with gold.
And especially in the 80s and 90s, it's lost control of that narrative.
And that's because of the math.
And it's because of the sheer weight of the debt.
I mean, it's, you know, trillions, whatever, every 90 days or so, we go another trillion dollars in debt.
And so that accelerating rate of debt just keeps going.
This is where I start to...
Just kind of look at the board a little bit different now, David, because for so long we didn't even talk about the gold holdings in the West.
The Chinese have been accumulating since the beginning of the century, all these central banks buying gold since 2009, and really just since 2022, just off the charts and breaking the record.
So I think there's something, without actually having the knowledge, so I can't tell you what's happening, but if these subtleties, like we talked off air about, you know, trying to, Musk and Trump are looking to restore some sort of trust, But I think that's really the key issue here, is what's going on with the monetary holdings of these banks?
Are we going towards some sort of worldwide gold standard reset?
And I've long since thought the BRICS nations were headed towards that, and it wasn't about, I think that's just a sideshow with people saying they're going to create their own currency.
I think what we're looking at here is, I think the United States is going to start showing its hand and saying how much gold it has.
You know, use that asset to do anything with our current monetary system.
But I think that's a future play for what may be on the horizon, you know, with the rest of the world competing against the dollar.
It may be a preemptive reset.
So you think this whole thing about, well, we need to audit Fort Knox, and everybody's like, yeah, yeah, that'd be great.
Oh, show the truth.
you think that's really just uh kind of a predetermined dog and pony show uh to build uh people's trust for when they reset the financial system globally i think that's a real possibility and i didn't anticipate this i I didn't anticipate any kind of look into Fort Knox.
Those of us in the gold business, gold bugs, we've just thought, well, is it even there?
There's open question marks over that.
The United States didn't seem to care what its gold holdings were.
We had the almighty dollar, you know, and gold was a barbarous relic.
I think I said at Anarchapoco, I said, fiat currency is a barbarous relic, because it actually is.
You know, nothing's more barbarous than fiat bankers wars that we've had in the 20th century.
It's, you know, absolutely monstrous and satanic.
You know, John Maynard Keynes, that famous line that gold is a barbarous relic.
Well, I think...
And if you look at some of the things I found when I was giving presentations, I went to go talk to the AI, go and type in, what's the end of Gresham's Law?
Because we always talk about Gresham's Law.
When bad money enters a system, good money goes into hiding.
Well, that's how it says the law works.
But what happens in the end?
Well, good money comes back.
And I think that's really where we are at some level.
And you can see just...
Things moving faster than I had anticipated.
Maybe it's because of the new administration, or maybe this was always on the plan.
But I know the powers that be, they survive off of the fiat currency system.
The Pentagon had ran that war game three years ago, David, of a Gen Z Bitcoin revolt.
I've often brought that up.
That was one of those headlines where I went, whoa, they're running the war games on people leaving the dollar internally.
So I know they have to run these simulations, and they're very aware of what happens if the world abandons the dollar.
This may be a strategy on their part, just psychologically preparing people for gold as money again, possibly.
Yeah, yeah, that's interesting.
Because, of course, you know, all wars are banker's wars, and so the Pentagon is going to be wargaming what happens when people go figure out their enemy, the people, the banker's enemies, the people.
And so, how are they going to wargame this thing?
It's kind of interesting, in this Mises article, he was talking about, you talked about how they confiscated these coins, melted them down, put a lot of them into the Bank of International Settlement.
They said, you're going to find probably, if they look at this stuff, They will find that it's a little bit lower quality gold because it was melted down coins.
And Fort Knox, perhaps, is what they're saying.
But again, the whole thing begs the question as to why is all this gold being repatriated?
And do we have any information at all as to who is doing this?
Is it the government?
Is it corporations that are trying to secure things in advance?
Do you have any information about that?
Has anybody scoped out who is actually causing this massive flow of gold back in?
That is the open question.
There seems to be government pressure on multinationals to reallocate gold.
A lot of this is under the guise of the tariff threat.
That's why I'm suspicious that something else is actually afoot here that I didn't anticipate.
Again, this is a change in direction, a sea change.
The U.S. government is signaling and even talking about its gold.
I mean, just before the handover...
You had Janet Yellen in front of a press conference, live press conference.
Somebody asked her about the dollar losing the world's reserve currency status, and the monument fell off the podium.
Do you remember when they asked her about it?
I mean, that's where my mind went.
It was like, well, the dollar's off the rails.
So it may just be the writing on the wall.
I was just reading that in the book of Daniel.
That's really about the loss of the Babylonian kings, his monetary standard, the writing on the wall.
I think that's what we're seeing here.
It says IOU. These are IOUs.
These are better than money.
We're in a world of fiat, and the debt of the world's totals is somewhere like $400 trillion, and that's somewhere around whatever assets we supposedly have.
I think most of the world and the governments are bankrupt, and the United States especially with its massive money printing and expanded empire that's bloated and overstretched and everything else.
I mean, we're just over-leveraged, leveraged to the hilt.
So this may be a way of softening up psychologically people for either a new type of currency standard with the U.S.
And I'm not – look, I hear all this chatter.
I've heard this for years.
You know, Trump's going to put us on a gold standard.
All this nonsense.
And to be honest, I'm not even a fan of it.
I think we have our own gold standard.
I think there will always be fiat currency through governments or something like that.
And it will be monetized in a way that, you know, a medium of exchange where you can get goods and services, but it'll have a diminishing value.
I think that's probably always going to be.
Look, we had a gold standard supposedly from 1933 to 1974, but it was illegal for you to own gold.
So I don't think that those things don't go together to me.
Just because the dollar is supposedly backed by something, I want to have the gold.
I don't want the pieces of paper.
I think that's the way the country was founded.
So I'm skeptical about any of these moves to nationalize anything or to...
You know, to put an edict out that we're on some sort of new stand.
I think that there's a better way to do it.
And I like the ability for people to decentralize their, you know, have their own gold holdings or their own crypto holdings.
Yeah, and when I look at people, like I mentioned earlier in the show, Lucky Lutnik at the center of 9-11 and the financial aspects of that, this is Trump's Treasury Secretary.
This is a guy who's famous for Tether and other things like that.
Of course, he's done a lot of...
Questionable crypto stuff.
But he's also, you know, the tether coin that is tied to the dollar.
Maybe if they want to try to reset the financial system and tether it to gold or something like that, he'd be their guy, wouldn't he?
I mean, if you look at this, I don't know if that's what they're up to.
But I really am suspicious of this whole thing about, oh, let's take a field trip to Fort Knox and show everybody the shiny gold bars and everything and restore their faith in all of this.
Because I think this...
Trust restoration is a theme that we hear openly being said by all of these people that Trump has appointed.
Tulsi Gabbard says, I'm here to restore people's trust in the intelligence community.
Okay, and then you've got RFK Jr. says, I want to restore people's trust in the health system, and on and on.
So maybe they're here to restore your trust, and the fact that there's gold there.
And that somehow makes the government solvent.
But, you know, it is kind of interesting to see, Tony, that Joe Wilson, the guy, the congressman from South Carolina, famously stood up and said to Obama, you lie, you know.
He is now pushing for a $250 bill to have Trump's face on it.
He says we would have the most valuable bill for the most valuable president.
Well, I don't know.
I think there's like $1,000 bill things.
I don't know.
But yeah, you talk about somebody.
There's a $500 bill, I think.
So this is somebody who is a full-on obsequious sycophant to Trump.
And it's just amazing to watch these guys fall over.
But I think it would be a monumental move.
To recognize his role in runaway inflation.
That's what I was going to say.
Why do you need a $250 bill?
It reminds me of that.
I know you've played it before.
You remember that Dan Aykroyd skit on SNL during the Carter administration.
We're going to make everybody a millionaire through inflation.
Now I'm a millionaire.
That would be apropos.
And you've got to remember, in this world, it really breaks my heart.
Look at people that are otherwise honest journalists and people that are skeptical of narratives of this partisan just hellhole that we're in sometimes where you have to be like, look at what Biden did to the money printing.
And I'm like, we just did this.
I mean, this is both administrations.
It was under Trump just in the last year of his presidency is 40%, I believe, of all the dollars ever created.
And then if you add in together the Biden administration and all the stuff that they did when...
It took office with the amount of influx of debt and currency creation.
It's 80%.
So those things go together.
I mean, these are unprecedented times.
What was the...
I mean, I just remind people, the debt of the U.S., I think, when Trump...
I think we've doubled it since the first Trump administration, and I could be off on a trillion or two, but I think that's about right, because I usually follow those metrics, and I stopped looking.
We're at, what, 37 trillion, because the numbers are just so massive.
We've never seen anything like it in history, and we're at the endgame of whatever this is with our fiat currency experiment.
I don't think you have to be an economist or be a seer or have some sort of special psychic ability to look into the future.
It's just math.
I mean, that's what we've done.
You could probably keep it alive for a while.
We made some really poor decisions and it's just increased the money supply and we stopped doing anything fiscally responsible.
I think that's where we are.
Maybe you're right.
This is like a way to show trust.
But isn't that interesting that For all these years, we ignored gold.
It was never talked about.
We ignored trade.
That was never talked about.
It was always just like, oh, you're a conspiracy theorist or you don't understand economics.
And here's Paul Krugman at the Wall Street Journal.
He's going to tell you all about how you're stupid for thinking that there needs to be tariffs or anything like that.
And now we're doing tariffs and now gold's back.
It's a weird time.
I've spent my entire life just being on the outside of this and now a lot of this argument has changed and switched.
But I don't know that the American people are going to understand that completely, that the gold's there separate right from the dollar.
So even if you go and show the gold at Fort Knox, and I think a lot of that is, you're right, some of that melted down gold, and it's probably not 999, but there's these giant, you know...
Multiple kilo bars or whatever they are, because I've never seen them.
I mean, it's like, you know, it's so secretive.
It's done every year.
Don't you know that?
It's done every year, according to the Treasury Secretary.
I tell you, to me, his credibility just went right down to zero when he did that.
It's like everybody's been talking about how there hasn't been an audit.
And the people that were there didn't challenge him on that either.
They just let him say that and go away.
They've pushed gold out of the mind.
In our modern, you know, anything in the post-Franklin Roosevelt world.
I mean, gold was pushed out of the mine until 71, and then people started seeing gold on the world market start to rise, and it really wasn't rising.
It was just the dollar's purchasing power falling.
In 74, Gerald Ford made it legal free to own gold, and there was this, you know, I think people went into gold, but it's a small percentage of the population, I know, because that's my business.
It's what I'm in.
I think if you started getting into the average person and there wasn't these paper markets and other things that has gone on to keep the price suppressed, if you get into that and people start wanting to get away from counterparty risk and actually holding physical gold, David, all bets are off on what this has actually denominated.
I don't know the true price of gold in conjunction.
With what the dollar is and how debased it has become.
And that's for all world currencies, I think.
We're on the cusp of a revaluation around the globe, and maybe not tomorrow, but I think that's what the rest of the world anticipates, especially the BRICS nations.
China's been accumulating massive amounts since the beginning of the century, and this may be the setup for an entirely new game.
Well, of course, as you say all the time, the gold has been fairly consistent in terms of what it purchases.
It's been consistent over a century or whatever, even longer than that.
And it's the currencies, the fiat currencies, that are fluctuating all over the place.
But now gold is setting record highs against a lot of other currencies, not just against the U.S. dollar.
I think if Joe Wilson wants to honor Trump, and he really wants to have him be a big bill, I think what he needs to do, they need to create a $1,200 bill to mimic the stimulus, you know?
Everybody.
Yeah, the STEMI bill.
And, you know, because that's the point when we started doing the lockdown and the stimulus thing.
That's the point where we changed the slope of the debt accumulation and it started going up at a much, much deeper rate and angle.
So just commemorate that.
And on the back, you can get rid of God.
You can put in stimulus we trust because that's basically what they trust in and what put us on this path.
So honor that.
But, of course, they're not going to do that.
And then when we look at, you know, we talked about silver last time you were on and how, you know, there's a difference between the retail market and what the institutions are looking at because people are being forced, in many cases, to sell.
What does it say about our economy?
We've got another indicator of that.
This is kind of interesting that NVIDIA blew away expectations selling billions of a new chip.
But their stock didn't go anywhere.
I mean, are we looking at the stagflation or the dragflation or whatever the people have been talking about?
Is that part of what is happening with even the metal markets?
It's certainly happening with the stock market.
I don't know if that's what's happening with crypto.
We see crypto going down.
What was it?
Like 84,000 yesterday, I think.
I got a message on Cash App saying whoever goes down by 5% or more, they send me a message.
I get the same thing.
Yeah, exactly.
So, I don't know.
What do you think is going on?
I think it's uncertainty, entropy.
I think we're entering into a bear market, and a lot of the stuff was overpriced.
If you notice gold right now, and I was watching before we went live, but yeah, it's down $40 an ounce over the last five, six hours or so.
$2,876 per Troy ounce, $31.48 for silver.
That's according to goldprice.org.
But I think that's just a little bit of profit-taking.
You know, $28.75 is still massive gains for gold over the past year or so, and especially two or three years.
I mean, we're just crazy, crazy times.
But I think this is probably some profit-taking for metals right now.
And, you know, we can talk about silver, but gold especially is a profit-taking.
And I think people are...
We're anticipating some blood in the streets.
Is there going to be more stocks and other implosions that will happen?
I think we're just set and poised for that, David.
I mean, there's a lot of these companies, they don't make profit.
I mean, look, we live in an age where the central bank, the Federal Reserve actually lost $986 billion last year.
So I just want to reiterate that.
The people that make the money lost money.
That's always, I mean, I don't know, I'm not an expert, but I look at that and think, wow, at least I didn't lose $986 billion with a printing press.
How do you even do that?
But they did.
Well, that's why you've got to get rid of the pennies.
We don't want an accounting for anything.
It's why we've got to get rid of the pennies.
No, but there's something inherently flawed.
In the entire financial system worldwide, I've long since thought, I dig into this stuff every day, but I think it's overpriced, we're overleveraged.
The economics was about meeting a need.
You have a need, I make the best of that thing, and I make it the most effective and the most affordable, and I win.
But that's really not what...
Modern economics is zombie corporations.
It's ESG, environmental social governance.
It's Marxian monetary models by other means.
And those things have consequences.
If you built something on message and not about actually making a profit, like corporations like Disney or these other things that are the social engineering you, even just...
The companies that make food, David, I mean, it's not even about making a profit anymore.
Most of these tech companies, it's all just a wash in debt and venture capital and promises and other things.
And it's not every company.
But, you know, I think there's a lot of things that have true fundamentals, like mining stocks.
I mean, I was listening to presentations at Anarchapoco that some people know a lot more about mining stocks than I do and showing some metrics.
And I'm thinking, wow, that's...
If you look at the average stock price out there, there's a lot of companies that are actually doing something, making something, rare earth minerals and other things that will have value.
I just think we're just awash in fake.
And it's hard to know where you come out on the other end of this thing with so much hanging.
And I think there'll be surprises.
It's like, you know, before Enron collapsed, there's almost no warning.
Something like that or a WorldCom, Lehman Brothers, other things.
That's what's on the chopping block.
We call it creative destruction or whatever they're going to do.
But a lot of this stuff is going, I think, on sale very soon.
And there's some profit-taking in both gold and, you know, if you want to talk about Bitcoin, I have some ideas there.
But, you know, ETF outflows and massive consumption by the whales that are just gobbling this stuff up right now.
So I don't think...
The Bitcoin story isn't over just yet.
A Syrian girl says, unless they take a lot of random gold bar samples, cut into them, and assay them, I wouldn't believe my lying eyes if they did open the vaults and look at them and show it to us.
And that's the way I feel.
I think most people are going to feel that way.
And I really do think, though, that they're going to do a cursory show of that.
And I think for most of the people who want to believe Trump, who want to believe this, they will believe what they want to believe when they see this whole thing there.
Well, they should offer it up to the American people and get your own piece of Fort Knox and then just sell it right there.
It's about $456 billion.
That would cover the debt for, what, 90 days?
Brian Teller says, why not just go back to having gold and silver coinage as our money instead of the fiat bullcrap?
Well, I think that's so that they can control things, right?
That's the whole point of all the fiat stuff.
And, you know, when I look at this, And we look at all the people around Trump, and I said, I think they're going to bring in digital money to measure things through the back door.
And when you go back and you look at what the technocracy wanted to do in the 1930s, they were saying, we need to price everything in terms of energy.
And, of course, there was a component of that.
With Kissinger putting us on the petrodollar, right?
Kind of halfway, you know, one foot in each of these types of things.
We're going to back it up with energy.
But they wanted to just go completely into energy.
And I thought that'd be a perfect fit for them.
Because everybody's realizing that all this climate change stuff is a bunch of hooey.
There's nothing to it.
So they just drop after they've talked about this.
They've created the structures to say, well, we've got to have digital currency and surveillance so we can stop you from destroying the planet.
And they say, well, okay, it's not going to destroy the planet.
But hey, this is a better system.
So let's just take all the stuff we've already been working on and let's just roll it over here and we'll use it to measure your energy consumption because measuring the energy consumption is a great metric of activity and that's really a more realistic thing that we want to do.
I could see that being the way that they go.
I don't know.
We'll have to wait and see.
They're going to move fast.
They're going to break things.
That's their motto in Silicon Valley, isn't it?
Well, it's going to be a lot of confusion on the way to get there.
There definitely will dangle things out there that will be dummies, you know, the things that will be there to distract you, and then we'll go and look over here while this is happening.
You know and I know that this is all about...
The people in control aren't going to just give that up.
You know, if we went back to a system like we were designed to have, our founding fathers set up, if we had no income tax, if we had a bimetallic monetary system, things aren't perfect.
But you have a lot more freedom and the unleashing of the potential of the average American out there to start a business.
I can't imagine what it would be like today if you didn't have to spend countless hours trying to figure out how to pay your taxes or what regulation or what bureaucrat was going to be knocking on your door or whatever else.
Or how to save.
In the face of inflation, you know, how to keep purchasing power.
And you talk about energy, you know, there's the robbing of your energy and your time and your effort.
It's just so criminal with the fiat currency system.
So they're not going to stop that because ultimately that's where they gain their power.
And then the lifeblood of the military industrial complex is the fiat dollar.
And we lost the petrodollar.
There's a lot of...
There's a lot of these events that are happening that will confuse you if you're watching this, because it's not linear.
So they're doing something to wreck the system, a controlled demolition of some kind.
I'm just keeping all options open.
I just know that at the end of the day, the question we all should be asking is, why are governments in the currency business?
I don't need them in the currency business.
The private sector does a much better job at that right now, especially with technology.
I don't need you.
Maybe there's a taxing system and we all have an agreed upon set of metrics that we pay our taxes in or something like that.
Not that I even agree with it.
It could just be a consumption tax or something.
I don't believe in an income tax.
It could be a combination of tariffs.
This is a fantasy that I'm bringing up, by the way, but I don't need...
Governments.
I have a Bitcoin standard.
I have a gold standard.
I have a silver standard.
And the private sector, especially with technology today, would do a far better job at accounting with efficiency than the government.
But the governments use that as a way to expand their power and their reach.
And that's why we have...
What was it we were talking about?
What was the F-35, David?
It was like a trillion plus dollars.
I remember I typed that in one time before I was coming on your show and I go, that can't be right.
That can't be right.
And I went and looked at it.
You think about that, you know, how much money that is.
But they just throw that around now.
It's truly insane.
It's not anything that's any...
We need to even bother with it.
It's not a trillion dollars.
I mean, if it's just a billion dollars, who cares, right?
A couple of billion dollars.
You're talking about real money after a while.
They're handing that out to Stacey Abrams.
Here's two billion dollars.
We're getting ready to go out, so this is our parting gift to you, or goodbye.
Yeah, going back to Brian, you know, why not just go back to gold and silver?
Well, because, you know, the Founding Fathers wanted to have honest money, and they wanted to have an honest government.
And we don't have honest money, and that's by design, because we don't have an honest government.
And so that's what they're going to do.
And so when I look at gold and silver, to me, that's kind of your fallback position when they get so far out of hand that nothing is real and nothing is trusted and everything is fraudulent.
You can always go back to that type of system.
People can get around it.
We saw that type of thing happening during the Great Depression.
you had local communities using wooden nickels or whatever that they minted for that community kind of a community coin there's ways that we can get around that system and if you've got something that's got real value that's had real value for as long as mankind's been around then that's a good start for starting up another another system that is hopelessly fraudulent turin turin tarambar says there's a thousand dollar bills but they're not in general circulation.
They're generally only for the Fed.
To commercial bank transactions.
That's kind of what I thought.
So therefore, again, my suggestion of a $1,200 bill that would get him on top again.
And it would be a nod to the master of inflation, taking all that stuff off.
Maybe you should just leave the numbers blank, and then whatever the government says the number is that day, you know, you can fill it in or something like that.
You get your own stamp.
Make it electronic, which is what they want to do, right?
It's constantly varying.
So, yeah, when we get to, and again, you know, why, you can ask the question, why do we have all these ETFs?
Right?
Who needs them?
Especially the ETFs for Bitcoin.
Why are they creating derivatives?
Well, because they're frauds.
You know, you look at a fiat currency, you look at the derivatives, the ETFs, especially for something like Bitcoin.
Bitcoin was already, you could do it fractionally for any amount and instantaneous.
Why would you need to have these guys doing ETFs for Bitcoin?
It made absolutely no sense.
Well, if you want to keep the majority of people from discovering that they can just hold it themselves, that's a great way to start.
And especially, where's the money?
What was it?
Babyface Nelson asked him why he robbed banks.
He said, that's where the money is.
That's right.
And these ETFs, BlackRock and others that are in the retirement business or holdings that hold people's funds.
Well, the funds belong to baby boomers mostly.
You know, this is the baby boomer generation.
That's where the wealth is.
So that's where they went.
And those people usually don't know how to hold Bitcoin or they don't understand it or whatever it is.
So they took advantage of that knowledge gap.
And they said, we can control this vast, you know, limited supply.
Of this technology called Bitcoin on the blockchain, and we can get ahead of that.
And we can, I think, control the markets.
Larry Fink was just over at Davos a few weeks ago saying that Bitcoin was going to $700,000 and making a price prediction.
I thought that was interesting.
If you look at it right now, David, they have a lot of ETF outflows.
People are probably ordering their brokers to sell and getting out of that end into something else because it looks like the party's over for right now.
I think the interesting part to that is that these ETF outflows show massive whales buying.
They're just coming in and buying massive amounts.
When the outflows happen, the whales are eating it up.
Of course, the prices are still tumbling.
I think we'll probably get into the $70,000 range, $75,000 range, and then it will start the upward march again.
I think that's what will happen again, because who holds it?
And I think because they're looking at the They know what's happening with the debt worldwide and currency and everything else.
And stocks and overvaluation, it's a way for them to park their funds into something that is finite and it's not really going to be.
You can't print more Bitcoins.
You can't expand that stock supply.
And our board of directors can't really tank Bitcoin.
It's so decentralized.
So I think this is a temporary lull in the crypto market.
But, you know, we saw this with gold, David.
I mean, they raised interest rates faster than any time in history.
It didn't do anything to gold.
That's one of the things I mentioned when I spoke at Anarchapoco.
I said, look, any time in history we've looked, if they're raising interest rates and contracting the money supply, it strengthens the dollar.
I mean, you can make an argument that it, quote, strengthened the dollar, and it did.
But gold kept rising in the face of that.
I just think all the...
And we've never seen it go that rapidly.
You know, he was lying like 75 basis points every time he did something on a regular basis.
You know, last time when they popped the bubble, the Fed was raising it 25 basis points every time they come around.
This time they tripled that and still it didn't take out gold.
It's interesting.
Yeah, it's interesting, and I think that's because of the fundamentals and what's driving the price of precious metals right now is I think we're just seeing historical shift.
We're at the end of the fourth turning, and these financial institutions are way over leveraged.
This is worldwide, systemic, malignants in everything that you do.
So I don't think we're in a bear market for precious metals or for crypto.
I think it's a short-term setback for all these things because there's simply not enough real.
Assets to house all the fake assets, and especially if the average person started trying to buy right now.
I mean, if it flooded the market, the precious metals industry especially, the supply shock would be enormous.
Well, tell us what's going on at Wise Wolf.
What are you looking at, and how are the suppliers looking for things?
You haven't had any problem getting stuff, have you?
I know you've got to work really hard at doing it, but that was always a thing that you were worried about, is we're seeing new all-time highs and everything.
I mean, with all the new things that are happening, how are things working out there at Wise Wolf?
And tell us some of the programs that you've got going.
Well, yeah, we've had a...
We've had a hard time getting certain things.
And that's, you know, when I talk about smaller units or fractional things that everyday people will buy, those are harder to get.
But the big things that, you know, the 100-ounce bars and the kilos and all that stuff for silver, those are easy.
I mean, those are just flooded the market right now.
And that's another interesting aspect to all of this.
Is that we've bought just so much over the past 120 days that things I couldn't really sell back through the system, so they have to go back to the wholesaler.
But the prices continue to rise.
And I thought that was an interesting...
So I started to call some other people in the business and ask them if they're seeing the same thing.
So it's institutions right now are driving the price.
And that's private corporations and central banks are buying precious metals.
And, you know, you look at the story, the Russians added silver as a strategic reserve asset about four or five months ago.
That was a blurb that not not a lot of the I didn't see this on mainstream.
It was acknowledged on, you know, through the press, but it didn't get picked up in financial news.
I thought that was huge.
And of course, it was.
So, you know, the governments are starting to pick up, you know, the precious metals more and more and putting on their balance sheets.
Corporations, I think it was JP Morgan just did a four billion dollar deal just on physical gold.
That was one transaction.
I don't know if it was one person or several customers, but they just did $4 billion.
So much is moving to the West.
All this is just really crazy right now.
So there is an institutional demand.
People are selling because I think the economy...
It's not great for the average.
I mean, just trying to keep up with inflation.
That's not gone away.
So I think this is where we are.
We're going to see rising prices, even in the metals markets, even as people are selling.
But we've done a good...
I have a great team, and we have the two physical locations.
So we're able to pick up a lot of extra stuff that goes into the Wolfpack program to keep that stocked.
But yeah, it's getting harder and harder to find the smaller things.
That's why we also did a constitutional wolf over on Wolfpack.
And you can get a subscription one time for $250 or $500 at a time of U.S. coinage pre-1965 silver.
And it's kind of like a surprise mystery bag.
We just take the amount of dollars, whatever credit you have, and we just fill it with half dollars, dimes, or quarters.
Maybe even silver dollars, depending on how many I have in stock.
But that's one of the things I've concentrated on, is making sure that we have the fractional stuff.
That's great.
Well, it's always interesting to talk to you, and we are living in very interesting times.
It's going to be interesting.
We'll just have to wait and see what they're going to do with this Fort Knox stuff.
And as you point out, we know that they're up to something.
We're just trying to read what it is that they're up to.
But things are going to be changing very quickly.
And so that's one of the things I like about the metals is that it gives us a little bit of stability.
There's so much volatility in it.
Jason Barker said, I think metals are the only way to hedge against inflation.
The markets are designed now to take from the masses and to shift to the few.
I agree.
That's the plan.
You know, these are the elitist and, you know, they're sharks out there.
And just like we saw in 2008, 2009, you know, these people are rigging the books.
They're doing anything.
It's just nothing but outright fraud and theft through so many things.
So that's why I like having something that is physical and honest and has been around throughout all of mankind's history.
And that's the metals.
So that's no counterparty risk.
If you've got crypto, you hold your keys.
Bitcoin, you can't do what gold and silver do.
I'm a big fan of Bitcoin, but it can't exist in this dimension.
You can't hold it in your hand.
And silver and gold have other properties that are outside just being a monetary metal.
So they'll always have value.
And that's just where we are, David.
The powers that be are accumulating.
And they're not buying FANG stocks.
Okay, folks?
They're not doing that.
And they'll tell you everything's fine right up to the last minute.
Okay?
Unless they want to change the market and actually start talking and giving you real info, it's all about manipulating the market at the end of the day and for their advantage.
So just watch what they do, not what they say.
That's right.
Always keep an eye open.
Just like the politicians.
Oh, absolutely.
And it's sad what's happening to us in the partisan realm.
Look, I'm like you.
If I see something I like, thumbs up.
If you want to audit a government agency, I'm all in for it.
But I'm always skeptical of where that power goes.
What next?
I'm not on any particular team.
I'm just for liberty and personal sovereignty.
Are they going to minimize government and maximize governance?
And I think that's really kind of where they're headed.
Now, you've got a program coming up right after this one today?
Oh, yes, sir.
I was going to mention today is my 500th episode of the Arterburn Radio Transmission.
I've been doing this since 2018. It's a time I had a daily show, but I've whittled it down to one day a week.
So it's going to take me a while to get to.
You know, to double this, we could do another 500, but we're at episode 500 today, so come over and join us.
Well, congratulations.
That's great.
That's great.
So right after this show, people can find you on Rockfin and on Twitter.
Rockfin and Twitter, Matt Tony Arterburn.
You can, on Rockfin, the America Unplugged channel, Rockfin and Rumble.
You can find us there.
We'll be live.
Tony, thank you so much for coming on, and thank you for your support.
We always appreciate what you do with this program.
Always been around.
I've been talking to Tony, as he said, his 500th show, and going back to 2018, I don't know, maybe that's about the time we started talking when I was still at InfoWars.
So thank you.
It's always been great talking to you, and I appreciate what you do.
It is very novel, and it's always been a pleasure to deal with Tony, and we have dealt with him personally.
So thank you so much, Tony.
Thank you, David.
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