All Episodes
Previous Next
April 17, 2025 - The David Knight Show
47:17
Gold Skyrockets to Record Highs as Global Financial System Teeters on Collapse
| Copy link to current segment

Time Text
Joining us now is Tony Arterbin of Wise Wolf Gold, and we've got so much to talk about.
And again, he set up davidknight.gold.
That'll take you to Tony's Wise Wolf and let him know that you came through us.
And as we look at gold going up record prices, as Tony's always said, you know, when it starts shooting up, that's when everybody gets interested in buying it.
And so it's kind of a feedback loop, but there's some other fundamental things that are driving it as well.
Thank you for joining us, Tony.
It certainly has been an amazing week, hasn't it?
Well, we keep saying that.
Yeah, I know.
Every week.
Every time I come out, it's another record high, David, and the monetary system's melting down.
What's going to happen next week?
Stay tuned, folks.
The gold-silver ratio now is 102 ounces of silver to make one ounce of gold.
Isn't that absolutely insane?
That is.
History has us at 10 to 20, at most 10 to 20. That's a price disparity in and of itself,
but as I was telling you off-air, there's something really wrong with the price of gold itself based off of the dollar.
I mean, in 1971, it was $35 an ounce, so it's almost 100 times.
It's almost 100 times what it was on August 15, 1971.
And gold really hasn't gone up in value.
And, of course, it increases about 2% or 3% a year in supply.
So it's kept up with inflation and other things.
But that's the price of gold versus the purchasing power of the dollar and almost 100 times, David.
Absolutely amazing.
That truly is amazing, yeah.
And, of course, we had a lot of things happening with pronouncements by Powell, things happening with the stock market, stuff happening with tariffs, this war between China and the U.S. The trade war is driving people away from the dollar,
away from treasury bills, and even more so into gold.
As you and I have been talking about for the last couple of years, China's central bank and others saw this coming, especially saw it with the tariffs, and they started moving away from the dollar and towards gold.
They're seeing the resetting of the financial system, and now, I don't know, I don't see...
Anything fundamentally changing with us, I think this is going to get really crazy, and I think this is part of the financial meltdown.
I think Trump wants that.
I do, too.
What else would explain this sort of chaos?
Markets love certainty.
You're not making it advantageous for companies to move here, build here, invest here.
We haven't restructured.
We're not working on our internal tax system.
We're working on an external tax system at the same time.
So we haven't lowered taxes.
We're actually raising taxes.
You know how I feel about tariffs.
I like tariffs.
I think that there's sound.
I think they can create an environment of freedom and liberty.
The problem is if you add them on top of the income tax, you just get a new tax.
Yeah. So it doesn't make any sense on its face.
And I think that's why this has nothing to do with economic nationalism.
It has everything to do with the controlled demolition of the American economy, the American dollar.
It's the rhetoric back and forth between Trump and Powell.
You know how I feel about tariffs.
Put out on his Truth Social that he's looking forward to Powell's termination.
Termination can't come fast enough, is what he said, based off Powell's remarks on tariffs and everything else.
And he says he's always late.
He wants Powell to act.
And this is part of the weaker dollar strategy.
If you really listen to what Trump says, he's trying to get the Fed to inject massive amounts of liquidity into the markets, QE. And, of course, Powell, as we've covered for the last couple of years, has raised interest rates faster than any
other Fed chairman in history trying to curtail inflation so that it goes against the policy.
I mean, if you want to call the Fed hawkish, it reverses all of the Fed's policy over the past two or three years.
And that would be absolutely devastating, a final blow for the dollar, if you will.
I think we would see, you know, stock prices would soar.
There'd be a temporary high.
But ultimately, that sort of injection right now, when we're at 125% of debt to GDP, David, that would be the final blow.
I mean, I think after that, we'd be looking at the fallout from that because you could no longer really do anything by injecting liquidity.
That's like the last run.
It's just based off.
Mathematics. And I think that's what Trump wants.
I think he wants a giant liquidity injection.
And then you can hang a question mark over that.
He likes injections.
He likes injections.
COVID injections.
Maybe even heroin injections.
Because that's what this is like.
This is like a junkie looking for a fix.
And he can't get high anymore.
And he's going to have to use more and more.
And eventually he's going to OD.
And we're going to have an economic overdose of quantitative easing.
It's going to kill the economy, kill the government.
And this is the guy who bankrupted casinos.
Now, one of the things that he really, I guess, really got him angry was what Powell said in his remarks yesterday.
To the Economic Club of Chicago, I'll just read these to you here.
We may find ourselves in a challenging scenario in which our dual mandate goals are in tension.
If that were to occur, we would consider how far the economy is from each of these goals and the potentially different time horizons of which those respective gaps would be anticipated to close.
But then what really got in his ire, I think, he said, terrorists are likely to move us further away from our goals, probably for the balance of this year.
And he said, for the time being, we're well positioned to just wait for greater clarity before considering an adjustment to our policy stance.
So what he's saying is, like all the businesses out there and CEOs and everybody's like, well, we don't know what Trump's going to do in another 12 hours, so let's just wait and see, right?
It's this uncertainty.
That's the other thing that has jumped into this, Tony, besides...
You know, the inflation and the spending and adding taxes and everything.
It's the uncertainty about everything.
And that's freezing everybody.
And even now, Powell echoes it and says, well, we're going to just wait and see what he's going to do.
Wait and see what the stuff shakes out before we make any policy commitments.
And everybody is doing that with their businesses across the board, across the world.
Well, absolutely.
I mean, the uncertainty is what is causing all of the market chaos and the whipsawing and the back and forth.
I noticed something.
There's a metric.
You know, the Chinese used to be the largest holder of U.S. Treasuries.
Now they're the greatest seller.
This is the upside down, and the changes that are on the horizon are absolutely massive.
You look at de-dollarization continuing the trend.
If he gets his wish, I think that's what I think we're trying to suss out here, is what is the goal?
Because, you know, Powell, he's not wrong.
About the tariffs, because we're placing tariffs on top of a system that wasn't designed for economic nationalism.
It doesn't look like policy.
And, you know, policy would be a reformation of our current economic system, how we tax.
What incentives we give to corporations and to individuals and to investors to build things here.
We didn't do that.
We just put a relic on top of a system.
From a bygone era, we put a relic on there on top of a new system that is designed for cheap liquidity.
It's designed for debt.
It's designed for fiat currency.
It's designed for, again, currency creation in order to survive.
You know, the stock market in 1971, go back to Nixon's era and go off the gold standard, this is a completely different economy, different everything.
You know, it used to, and you know this, I mean, the stock market was based off of earnings and, you know, profit and loss statements, you know, the Warren Buffett's era.
It's no longer that way.
It's about ESG.
It's about your ties to central banking and venture capital, which all that just circles around itself.
This has nothing to do with old metrics and building things and manufacturing and all that stuff.
So, yeah, putting the tariffs on there like that, it doesn't make any sense.
And it will be inflationary.
Again, because we didn't cause...
There's no carrot.
It's just stick.
And that's the tell.
This is not about that.
It's about forcing Powell or forcing a new chairman of the Fed, which is...
I'm surprised he even stayed on.
I was always surprised he stayed on.
I thought, this is probably a good exit stage right there, Jerome.
You should probably exit because this is going to be a bumpy ride.
He didn't do that, so that's on him.
But something is going to happen.
I can't imagine they've gone all this way to become fiscally responsible.
I had a high school student, a daughter, a lady that works for me in Branson.
She texted me earlier this week and said, can you tell me how the U.S. could balance the budget?
And so I sent her back an audio message and I said, well, they'd have to pass a balanced budget amendment.
They'd have to cut spending.
They'd have to spend less than they took in.
This would have to be a complete reformation of the financial system.
And I said, we'd have to re-peg the currency to something stable so we wouldn't constantly lose purchasing power.
There's a few steps, you know.
I would have sent her back a three-word reply.
I'd say, follow the Constitution.
Well, that's right.
That would be the big cuts to the welfare-warfare state.
That would eliminate, for real, all the stuff that Doge is playing around with on the fringes.
You know, it's just completely gone.
That's what it's going to require.
Absolutely. And I said, you know, we'd have to end.
I called it the welfare-warfare state.
So it's about three things to me.
If all the Constitution, that's even...
Of course, that's what David Knight would say.
I had to make it convoluted, but that's what I looked at.
I said, but we don't talk about that anymore.
That is not on the table.
I think that that is the tell.
If you want to read the room, this is not the spirit of the age, the zeitgeist, if you will.
They're not throwing that out, saying we need to become fiscally responsible.
Nobody talks about that.
This is all about strategy and who gets left holding what.
Yeah, this is the Machiavellian monetary theories.
Oh, I like that.
Another MMT, right?
How can I use this politically for something?
You know, it was interesting, you mentioned it's all stick and no carrot.
And that was the same thing that a commentator on RT, on Russia Today, said as well.
In terms of talking about the two big issues here, how is the EU going to respond to Trump's tariffs and things like that?
How is China going to respond?
They said, well, you know, for the EU, because of, you know, the dominance of the U.S. in so many different ways with them, they will probably grudgingly go along, but it's all stick and no carrot.
They don't get anything out of it.
He hasn't given them anything to go that way, but he's got a big enough stick that he could beat them with that maybe they'll go that way.
You know, and so for China, you know, he's talking about it, and this is a key thing when we start talking about devaluation and things like that.
China devaluated their yuan.
And so what's Trump going to do?
Is he going to respond to that?
Is he going to devaluate the dollar?
You know, that's part of what they've always done with the China price is currency manipulation.
And so, you know, how does he respond to that?
You know, everybody says, well, Trump's holding all the cards because we buy more from them than they buy from us.
Well, not at all.
I mean, besides the rare earth minerals that they've just stopped, that they've got like 90% of the processing on globally.
So they just stopped that.
They can devalue their currency.
They have also...
Matched him on tariff rates.
So as he goes up, they go up, and they keep going up.
But he doesn't have any cards to play when it comes to devaluation, because that's going to work against dollars, certainly work for the advantage of gold when it comes to minerals and other things like that.
It seems to me like he doesn't have the cards.
He's got the big stick with Europe, but he doesn't seem to have the cards in the trade war with China.
And I think that that's going to continue to go on.
And I think it's this instability that is there, this uncertainty that he's created, that is driving gold the most, don't you?
Well, that's what the Chinese are buying gold.
They're dumping treasuries to buy it.
The world's buying gold.
And I think this has been happening at a really accelerated rate since...
2022, when you look at when we put the sanctions on Russia, and then the ruble fell and then bounced back, and then they stopped using dollars and did direct trade deals with places like India and China for petroleum, for gold, and vice versa.
I think what we're on the cusp of is a world that's moving away from the dollar.
I've said for a while I think gold is already the world's reserve currency.
It's just not in name.
That's what BRICS is working on and cross-border payment systems.
You know, if this was 20 years ago, you could probably take on the Chinese, no problem.
But we've given them so much.
We gave them the infrastructure.
We gave them the trade.
We gave them the technology.
They're cheap energy.
We gave them cheap energy.
We gave them cheap energy.
Yeah, you think you're going to manufacture?
Sorry. Opened everything for them.
We built them up so we could do something like this because we can blame the other.
I think this is another part of the Great Reset or the technocracy.
They've been building up China since the trilateralists formed in 1973 with Zygmunt Brzezinski.
It's moving the technology eastward and building up their infrastructure.
Of course, we opened China in 1972.
Everything following the timeline, David, last trade surplus the United States ran was in 1974.
This all makes sense.
If you look at it in reverse, and now we get here, it's hard to see exactly what the next move is, but it's not good.
I think it's just using this as a buffer, using them as the other, setting up the boogeyman, because the damage that we've done to ourselves with our own policies, with globalization and with the empire, the American empire,
has been absolutely disastrous, and this can't last forever.
That's what we're up against.
The window for us fixing our currency and our system is rapidly closing.
It's not going to be sunshine and rainbows on the other side.
I hate doing this because it sounds so pessimistic.
I know.
The dollar was $35 an ounce for gold in 1971, and now it's almost 100 times.
Almost. I mean, right there.
I didn't think...
This is something I've been studying for years and years, and I say this all the time, but it's moving faster than I thought it would.
I mean, we're really in a different timeline now.
Yeah, Peter Schiff has said, this is what I've been talking about for as long as time is here, is here.
And all of the gold bugs have all been saying that.
But that's the case.
As you point out, that ratio to silver...
Everything has flowed into gold, right?
It's not into Bitcoin.
It's not into silver.
It's not any of these other alternatives to these fiat currencies.
It's all going into gold right now.
And so it's acting like a big hose that's there.
You know, and that's one of the other things.
Bitcoin, as one person said, we're poised for a 2023-style rebound.
As Goldman says, the dollar is overvalued.
Now, that's coming from Coindesk.
And they're going to look at it.
Oh, well, the dollar's overvalued, so we can have a rebound with Bitcoin.
Well, not necessarily.
It's just like the silver thing.
Is it going to be gold that everybody's going to run into?
And that's what we've been seeing, is that that's where the...
The foreign banks are going, the central banks are going, and a lot of individuals are going into gold because they see that as an island of stability and this chaotic situation that Trump has manufactured.
What do you think about Bitcoin?
I mean, is that going to regain this, or is it going to kind of hang around and wait for the economy to settle down on the stock market and all this other uncertainty about tariffs?
Well, I think Bitcoin is actually held up okay.
I mean, this has always been the question, is Bitcoin digital gold?
In times of uncertainty, in times of fear, in times of chaos, can Bitcoin hold its own?
It certainly has done okay.
Give it a C-.
It's not a failure, but it did have a lot of price drop since Inauguration Day, which was...
I think 108,000, David.
I think it was trading the other day at about 86,000.
So, not terrible.
And it's not like a lot of these stocks, or some of these mean coins, other things that are digital assets, like Trumpcoin or whatever, that just plummets.
So, it's held up okay.
I think Bitcoin and the infrastructure, and I have a Bitcoin company, I think long term, it goes, I think, hand in hand with gold in some way.
And because it's a digital, it says something that gold can't do.
But gold does something that Bitcoin can't do.
A lot of these people that are Bitcoin maximalists, I scratch my head.
I don't really understand why they think that Bitcoin will demonetize Bitcoin.
I mean, I like some of those guys.
They're very smart people.
But at the end of the day, I don't agree with that.
I think it's just another asset alongside of precious metals that has a long-term viability.
I think Bitcoin, it is an island unto itself.
So I'll leave that and put a pin in it.
I don't know.
I hang a question mark over it.
I think that I definitely see a rally for Bitcoin sometime in the next 24 months.
But right now, nobody's doing anything.
When there, I think what might happen, I think you and I can probably, what was that, what was the Johnny Carson bit, you know, where he puts the letter and opens it up, he already knows.
The great Karnak, yeah.
The Karnak, yeah, Karnak.
Karnak was magnificent, I think, yeah.
Yeah, it's like, what is quantitative easing?
That's what we're going to get.
And when that happens, it always happens.
Following that, when they get some new Fed policy and there's, you know, trillions dumped in or something, there will be this boon.
There'll be like, you know, everything is happy and everybody's doing great.
And then Bitcoin will rise.
There will be a sell-off in gold at some point.
It's a little bit of sell-off.
It'll pull back.
Maybe not that far, but there'll be some...
I think that's what happens a lot when...
In these times, when there is an opportunity to buy something, people will liquidate their gold holdings, which puts pressure on the price.
And so that'll come out, and I think Bitcoin will go back over $100,000.
We're not that far away from it.
It'll top another $100,000.
But in this current environment, a lot of these new technologies can't grow, whether it's AI, whether it's crypto.
It's just stagnant.
It doesn't know what to do, because the global order is being reset.
That's right.
The entire global economy is being reset.
So for the foreseeable future, it's commodities.
And I think maybe in the totality of this decade and to this century, it's going to be commodities, rare earth minerals, who controls things like crude oil and gold and silver and other things.
I think real estate, timber, I think those will be, that's true wealth.
And all the other stuff is speculative.
I've got a question from somebody.
When you mention commodities, I've got a question from somebody here.
James Faithways says, can you ask Tony what he thinks of buying a little copper?
I understand the premium is high and that it's not really considered to be a precious metal, but I can't seem to get a straightforward answer on it, he says.
So what do you think about that?
I think it's a great idea.
If you can get copper, it's only good.
Look, copper against...
Any currency, that's what you have to remember, that if you're using fiat currency, whatever currency it is worldwide, whether it's the Chinese yuan, whether it's Japanese yen, whether it's the euro, whether it's the pound sterling, if you're buying a commodity that is limited,
it's finite, in this market, you're doing good.
You're going to replace something.
I mean, copper, I wouldn't necessarily, I mean...
In history, the copper has been money because it's been the penny and other type of coins.
We stopped making copper pennies in 1982, but any penny prior to that is copper.
If you go look at it, the next time you see a copper penny, you should save that.
It's worth more than the cent.
Put that away.
yeah copper is a is a i sometimes we put copper uh bullion rounds in uh for gifts and things like that into wolf pack and to some of the direct purchases that we get at wisewolf um because it's just it's an extra little
thing but yeah i mean i have i actually have copper bars i bought from a customer years and years ago but they had like you know 10 ounce 20 ounce uh
copper bar.
Yeah. Stack those.
And if at the end of the day, that's wealth.
Yeah. Especially when, um,
Trump is stacking taxes.
You might want to stack metal.
We're putting taxes on top of taxes.
That's what I was, you know.
Start stacking it.
Yeah, that's it.
Yeah, you know, when you look at this, And we were talking about crypto before.
I think the play that's going to happen is going to be stablecoins, because that's something that they're going to use, and we're seeing this more and more, people talking about it.
This article, headline from Zero Hedge, stablecoins supply to surge to $2 trillion in order to support the U.S. dollar's hegemony.
And I think that's exactly what the play is when you look at Lutnik or Lutnik, whatever it is.
When you look at his connection with Tether and how...
Much he is in the treasury bonds and things like that.
As countries are getting more and more reluctant to buy the treasury bonds, they can get a stable coin to suck it up.
And it's a dual win for them because they can start to move us over to a digital currency.
They can use that then to control us economically, to deny us being able to use it, to track what we're spending.
But then it also soaks up...
Their treasury bonds and their debt that, as other people start to get reluctant to it, what do you think is going to happen with that?
Is that the path that you see moving forward?
Well, unfortunately, I think that's the trend.
It has to come in that form, you know, based off of the rhetoric of, you know, being anti-CBDC.
I always thought there was something underlying that.
I think this is the, what did Zygmunt Brzezinski say?
We need an end run around sovereignty.
You know, with the technocracy and do the end run around it.
They're going to do an end run around your perceived notion of CBDC with stablecoin.
That's right.
And it's really not that hard to suss out when you give it five minutes of thought because this era of history, this timeline, the resetting of the global financial order, the generational wealth that will be I
don't see it being that.
I think you're right.
The thing to watch is the stablecoin and those who control that and then pairing that with things like the dollar.
But it's worldwide.
The Bank of International Settlements has been working on the clearinghouse aspect of this, the IMF with their Unicoin.
It's all about centralization and the technology of blockchain using these stablecoins to get back somehow to what's the original goal.
I don't think we've ever...
Perhaps we never left the paradigm of the old New World Order.
Maybe we never really left that.
This is all a distraction to give us the illusion that there's a populist uprising.
Perhaps this has all just been a...
It looks more and more like that.
It's like a funhouse mirror version.
For people like me that are nationalists...
And believe and think like the way that the country was built.
And then you see, you finally get the tariffs.
And then they're this.
And you just go, wait, that's not what I was, that's not what I meant.
And, you know, or you get this, this is a very strange time.
So it's hard.
I think, you know, when you really just go back, well, perhaps this is just a, it's all a pageant.
The world's a stage, as Shakespeare said.
Yeah, and Trump is an earthquake.
He's juggling the tariffs, you know?
And are we not amused at seeing him change them every couple of hours?
You know, it's insane what is happening with it.
But, yeah, it's stacking the taxes, and it is also the uncertainty and the capricious and arbitrary nature and how it's constantly changing.
That's what's really wrecking everything.
You know, you and I have both agreed that we like...
Tariffs better than we do in income tax.
I like any kind of tax better than I like that.
I don't like taxes.
I don't think taxes are an engine of growth.
But now you've got people out there who are cheering it.
Oh, we've got to have tariffs.
You know, it's what made America great.
No, it isn't.
You know, it was the absence of taxes and a small government that made America great, and they forget that.
But, you know, when we talk about this stablecoin thing, it's interesting to see.
There's a couple of articles there on Zero Hedge.
The first one I just called you the headline for, about stablecoin turning into $2 trillion and soaking up the debts and supporting the U.S. dollars, hegemony, and that type of thing.
But then also...
The fact that the debanking issue with crypto has not been solved yet by the Trump administration.
That was the attack that was coming on all the crypto community under Biden.
That's still an issue.
And that's going to be an issue.
If we got stablecoins, because they're going to be able to effectively debank individuals and stop you from buying certain things.
It might be a geofence around a particular area.
You can't take your coin out of your 15-minute city or whatever.
Maybe it's going to be a geofence around a particular item.
You can't buy this kind of gun or guns at all, that type of stuff.
So there's all these different ways that they can use it to control us, and I think that's where that's going to go.
You know, with everything that's happening, as I said earlier, Peter Schiff said, this is what I've been talking about for years.
This is the dollar bubble just burst, was his statement about it.
And he's not the only one saying that.
I mean, he's a gold bug.
He's always been saying that.
But now there's articles on places like MarketWatch.
I think that's where they're going to pivot.
because then that's how they're going to try to preserve their Machiavellian power and then usher in the new technocracy as well, the surveillance state, I think.
I think that's where they're going to pivot.
Well, and I think the They'll say the advantage that they have there, what makes it different this time, is that they have the ability to expand and contract the money supply at will.
They can do it in real time.
And they can use this technology.
So we'll never get, you know, we can always account for every single cent.
That's the way they'll sell it.
And this is the way we can do it to be stable.
It's a stable coin.
You know, something like that.
But really it's about...
You know, we've said it, Catherine Austin Fitz has said it, surveillance disguises money.
They haven't given up their goals for these control grids and things that they want to do with the financial system.
But at the same time, a lot of things are out of their control.
I mean, you look at the history of the dollar and where we were in price structuring against gold and everything that's kept gold suppressed.
I think all of those things, I think the wheels have come off.
The black swan event was the tariffs in a lot of these countries.
I mean, look at Germany.
Germany is absolutely worried about its gold holdings in the U.S. That's a country.
It's not a corporation.
I mean, it's a whole country that's like, hey, is this available?
Can we get that?
They want an audit, all that stuff that's going on.
They're not alone.
And a lot of these vaults got cleaned out.
The London bullion market, that got cleaned out.
A lot of their holdings were repatriated.
Nobody knew exactly.
So when those contracts, you know, the stuff that they've papered over for years, David, like hiding deep in those vaults, all these papers, you have to account for it at some point.
I think that it's anybody's guess at this point.
And where we end up on price, where we end up at anything, especially when the ultimate goal here of the Trump administration is not economic nationalism, it's quantitative easing.
Look, it's not about strengthening the dollar.
It's about short-term boons in the stock market, and I think that ultimately that's fake.
If you're buying gold and silver right now, I think you're doing yourself a favor by holding on.
You're preserving your wealth as the currencies of the earth continue to go to zero.
All fiat currencies, folks, go to zero.
History does not show me one single Currency backed by nothing that stays around.
That's hung around.
The average lifespan is 26 years.
I don't have to be some sort of seer.
You don't have to be Nostradamus.
You don't have to be the smartest man in the room.
You just need a library card.
You can figure this out.
It's going to zero.
Or it's going to a place where you don't recognize it.
It's like we talk about every week.
You go look at the price of silver in 1980.
It was $52.50 an ounce.
Well, that doesn't even make any sense today.
I mean, right now, I'll look at the spot price.
You're at $32.17 an ounce, and it's 2025, and we debased the dollar trillions and trillions of times over.
I mean, so what does that mean?
Well, I just think all of this is...
The metrics, you're judging it the wrong way.
There's something else underlying this, and I think the wheels are going to come off, and I think we'll see a true price valuation sooner than later.
I agree.
Yeah, I think the fact that gold is taken off from silver and from Bitcoin is a function of what a lot of foreign governments are doing.
They see gold as that.
Currency of exchange, not necessarily these other things.
And so I think they're piling into that a lot.
And I think that the public has picked up on it.
They look at gold as a safe haven.
I look at it as privacy.
You know, all these different commodities and things like that, I see it as a privacy issue.
And I don't think you can put a price on privacy when you're talking about these digital currencies.
So regardless, you know, it's great if it goes up and I'm holding it or whatever, but...
You know, to me, it's really about the privacy because I think that the stablecoin thing is what they're pivoting towards.
And that's going to be, you know, really, you know, they tied the petrodollar in there to energy.
And, of course, that's something technocracy wanted to do.
And they tied it to something that was real.
But this time, as you point out with ESG and all the rest of the stuff, their objectives are really about total control.
And so they've got to have some kind of a digital currency.
And the stablecoin would be a way they can get that digital currency and still maintain their hegemony.
You know, when we look at what is happening, I'm looking at all these different headlines.
Gold jumps $100.
Gold up 25% for the month or whatever.
How high did it get?
Was it $3,370 something, wasn't it?
Yes. It's almost $3,400 an ounce.
That's amazing.
Yeah, and the calls now are $4,000.
Wow. I think there's analysts and major banks that are saying $4,000.
Because when you have de-dollarization worldwide, what is the price of gold?
Yeah. What is the price?
I don't think we've...
This isn't the price discovery.
I don't think it's true.
And much of what has happened over the years with...
Stuart Angler, who wrote the book Rigged, I've had on my show, he spent his last 30 years looking at gold price suppression and how they've done it.
I don't think they can do it anymore, David.
Perhaps they don't want to.
Perhaps this is part of that because it doesn't seem like anybody's putting an effort in.
I mean, the Fed is watching gold, believe me.
The Federal Reserve is watching gold right now very, very closely looking at this, wondering what their next move is going to be.
The world is watching it.
That's why I think that, you know, I said this back in December, I think gold is the world's reserve currency.
The dollar's been supplanted.
You go back to Basel III in Switzerland, the Bank of International Settlements, in 2021, that's when they removed gold from a Tier 3 asset to a Tier 1 asset.
And then central banks started, you know, supplanting their holdings, and they...
It surpassed the euro.
So it was way down on the list, and now it surpassed the euro as number two holdings of central banks around the world.
The number one is the dollar.
But I think that's only for transactional at this point.
It's not about stability.
I think the world is moving to gold.
Faster than I thought possible, but it's certainly happening right before your eyes.
Well, everybody was concerned about it and became more concerned because of Biden using it, weaponizing it back in 2022, and then Trump has just doubled and tripled down on it.
It truly is amazing.
I've got a question from a high boost for you.
He says, can you ask Tony, wouldn't it just be wise for businesses to wait four years and let the next selected president fix all of Trump's mistakes?
Is he just the Hegelian dialectic, he says, that's there?
I think we pay way too much attention to the so-called policies of either party or whatever's going on.
I mean, you have to start thinking in terms of your own autonomy and sovereignty and what's the best move.
If you think outside of politics, I mean, whether what administration is going to do X, Y, or Z. You know, David and I talked about this before the selection, and we said, what's going to happen?
I think we called it.
You know, what's going to happen?
We talked on Halloween.
Like, what's going to happen on the election, you know, if it goes Harris or it goes Trump?
And I think we called it, and now it's resetting itself.
It didn't even matter.
You know, because we throw the tariffs in, and I think the price of gold would probably be similar if there was a Harris presidency right now, because they'd be going after crypto or something like that, or they'd take us deeper into the war with Russia and Ukraine or something like that.
There'd be some policy difference, but the goals are always the same.
Yes. You know, we're not fixing our fiscal house.
We're not reigning in the empire.
There's nothing new here.
It's just the fundamentals are all there.
So I think...
It doesn't matter what administration, you need to bank on yourself, understand the difference between currency and money, but there's always underlying opportunity in this, too.
I don't want to sound like an alarmist, but I don't think it's going to get better from the top down.
If you've got a 401k or IRA, folks, and there's a temporary lull, you really need to consider putting that, and this is not financial advice.
Bracket that.
I don't know where the prices of metals are going, but I feel like I know where the prices of some of these stocks are going and these pools of so-called value.
I don't think we're going to hold up well in an uncertain world or any other thing.
Especially, I looked at something the other day and I brought it up on the show.
$1.2 trillion of Holdings of the mortgage-backed securities, that acidic thing that had the China syndrome where it melted into the markets and caused the 2008 debacle,
$1.2 trillion of those holdings are held by foreign governments, and the largest foreign government holder is China.
So China can literally just, you know...
You're not going to win this.
If you're going after China with a stick, they've got too much leverage.
They think long-term.
We think presidency to presidency.
They think 100 years in the future in infrastructure.
They'll lose for a long time just to win.
So you're not going to beat them that way.
If you really wanted to go after China, you'd create an atmosphere of liberty.
You'd create an atmosphere of free market.
You would incentivize.
You would take off the regulations.
You would give people certainty and incentive, and that's just the same way you balance the budget, you know, follow the Constitution.
That's good.
Yeah, you have stability and freedom and liberty, and stability and liberty would win every time.
But instead, they want to become like China.
And because we've always seen this from all these presidents.
Remember George W. Bush?
I wish I could be like the Chinese government, just tell everybody what to do.
Or you see Trudeau saying this.
I love the fact that they can just tell people what to do.
I wish I could do that.
They all want that, and that's what we're seeing from Trump.
Everything is an emergency, and the solution to every emergency is to let him make all the orders and dictate the solutions.
And so he wants to...
He wants to be like Mao or Xi or whatever.
And so it's crazy, but that's where they're headed.
And so the best thing that we can do, I think, is to try to get out of that system, try to maintain privacy as much as we can, try to prep for what is coming.
And, you know, a lot of people are looking at this and the instinct of a lot of people, especially who've been in the stock market, as they see the stock market failing, they decide they're going to get into these gold and silver ETFs.
And that is not, I wonder how they have been going, because I first caught on to that.
I did that myself for a while, and then I saw that when gold started to move, they weren't moving.
And I thought, what's up with that?
Why isn't that going up?
Why is it flatlining?
And then I realized as I looked into it, it's like, no, they're not.
This is not actually, you know, an ounce of gold there that they're splitting in 10 different ways, you know, selling you a share of it.
No, it's just another derivative like the real estate market derivatives, you know, and you don't really own anything in that.
So it's really key for people to have it on their own.
That's when it's private.
That's when they can't take it away from you.
And when you actually physically have it, you know, that's the key thing, I think.
Wasn't it Jefferson that said that paper was poverty?
Something like that.
Paper is poverty.
We got to the essence, didn't we, of all these different things?
It's so funny.
Yesterday, here in Denison, Texas, I went by and talked to my accountants, my bookkeepers.
And I'd just done a trade.
I consolidated a lot of stuff I got to take to the trading floor.
And I held up a bag.
I said, this is $50,000.
And it was, you know, gold one-ounce eagles.
I go, this is $50,000.
They just looked at it and held it.
They're like, that's not a lot.
They thought it was going to be like a suitcase or something.
I'm like, no, that's $50,000.
It's just a Ziploc bag full of gold coins.
I'm like, no, that's what happened.
And I go, basically, if you go back to, this would be about $500.
You know, in 1971.
That's amazing.
Well, so tell us what's going on at Wise Wolf.
I imagine you're really pretty heavy there.
People are looking at this, and you've got headlines saying gold is going to go hyperbolic, and this may be the start of it.
So there's kind of a market mania that's happening.
I don't know.
I don't know what happens next.
I think there's strain on these institutions with this price going the way it is.
I mean, honestly, I like a stable price.
I like just kind of clear, cut and dry, in and out.
I think there's going to be a lot of urban gold mining going on.
What I mean by that, people are going to go through garage sales, start going through their attics, start looking just like they did in the 70s with silver.
You're going to have rappers pulling out their teeth and selling them?
Yes. I've bought lots of teeth over the years.
I've bought crazy things.
You couldn't believe.
Between San Antonio and here and Branson, I've bought some crazy things.
But I think I'm going to see lots of urban gold mining.
I think the price continues, especially in this environment.
It's hard to say, David, what happens to supply.
I think silver is an outlier right now.
Price reflection, I don't think we have true valuation or even close to it now.
If you're stacking silver, I think you're doing yourself a favor at some level because it's just super cheap.
Everything that I know, I think silver is just a great thing to have.
If you have those...
Those IRAs and 401ks, you really ought to let us take a look at putting you in some bullion, get you out of this rollercoaster ride.
I don't know where we're headed, but it might be advantageous for you to take a look at just converting that into something physical outside of the financial system that's stored in a third party.
These vaults, they're not a bank.
Mm-hmm.
And I don't trust these CEOs.
I don't trust anybody who's wanting Jerome Powell to cut rates.
And that's what they're all looking for.
So I'm just, I'm working on, continuing to work on supply and infrastructure and Wise Wolf's going to stay lean.
We have the Wise Wolf Bitcoin.
We're up and running.
So if you want to buy some Bitcoin or sell some Bitcoin, we buy, sell, and we have the ability for you to use it as cash for purchases.
So if you've got some Bitcoin, you want to turn it into some predisposition.
That would be great.
Yeah. Well, it's always great talking to you, Tony.
I really do appreciate your support of the program and the things that you've got there at Wise Wolf.
For the longest time, like you said, we appreciate having stability.
For the longest time, we went through this period where you could gradually accumulate stuff and you set up Wise Wolf Pack to let people do that on a gradual basis.
And we're seeing the dollars losing a few percentage points of value every year, and it accumulates over the long term.
So that was kind of the long-term, stable thing.
Now we're getting into craziness.
And I guess a lot of people are saying this is great because Trump is scaring everybody.
He's making them very much afraid of him because he's acting like a crazy man.
But then you can only do that for so long.
And then it's going to really backfire on you.
And so it's going to be a rough ride, I think.
And so it's good to try to get out of the system as much as you can.
Try to get something of value that you can physically hang on to yourself.
I think that's an important part of prepping.
And you've got a lot of programs there to help people do that.
It's been great to deal with you over the years and really do appreciate your support of this program.
And you've got a program that's coming up right after this program?
Is that correct?
Yeah, God willing.
If there's no work going on in my house.
Arterburn Radio Transmission, 11 a.m. Central Time.
We'll kind of dive more into these headlines and stuff that you and I have gone over.
That's great.
That's great.
And where are you right now?
Where are you broadcasting?
Twitter? Right now I'm in Denison, Texas.
I'm broadcasting over the X at Tony Arterburn and Rumble on the America Unplugged channel.
We're working on some new channels as well.
So I'm looking at some new streaming stuff.
I need to talk to you and Travis also.
Yeah, kick looks like it's got a lot of nice features for streaming as well.
It's really kind of set up for streaming, I think, from what Travis was saying.
I haven't looked at it.
Travis has been the one who's taking care of that.
All right, so coming up on Rumble and on X right after this program, you can find out more from...
Tony, and again, davidknight.gold will take you to Tony Arderman's Wise Wolf Gold, a way to get to an island of stability in this storm, and that is physical metals that you hold yourself.
Thank you so much, Tony.
Appreciate it.
Thank you.
The Common Man.
They created Common Core to dumb down our children.
They created Common Past to track and control us.
Their Commons Project to make sure the commoners own nothing.
And the communist future.
They see the common man as simple, unsophisticated, ordinary.
But each of us has worth and dignity created in the image of God.
That is what we have in common.
That is what they want to take away.
Their most powerful weapons are isolation, deception, intimidation.
They desire to know everything about us while they hide everything from us.
It's time to turn that around and expose what they want to hide.
Please share the information and links you'll find.
The David Knight Show dot com.
Thank you for listening.
Thank you for sharing.
▲
Export Selection