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April 24, 2025 - The David Knight Show
44:19
Gold Soars to $3,500 as Global Reset Looms
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Joining us now is Tony Arterman of Wise Wolf Gold, and Tony has kindly set up DavidKnight.Gold to let him know that you're coming through us.
So if you go there, that'll take you to Tony.
And as I was just saying before, government is not frugal.
You better start being frugal, and you better stop relying on government as...
That's what the Old Testament prophets told people, told the king.
He said, you're using Egypt as a cane.
You're going to find that it's a cane that is going to break and pierce your hand.
That's what's going to happen if you depend on government.
It's going to be a cane that is going to break and pierce your hand.
So do what you can to try to get independent and self-reliant.
And boy, it's been another record week for gold, hasn't it, Tony?
It certainly has been.
Reagan's saying about the 11 most terrifying words in the English language is"I'm here from the government and I'm here to help" or something like that.
Well, they're helping, right?
They had taxes on top of taxes.
Now we've got market meltdowns.
The world continues to de-dollarize.
Gold has outperformed the dollar.
The dollar is down like 40% in purchasing power against gold.
We hit $3,500 an ounce on gold, David.
We hit $3,500?
We're talking about some new thing.
Wait, I don't follow the price every day.
Did we hit $3,500?
Yes. Wow.
We hit $3,500 about 72 hours ago, and then there was some profit taking.
It went down into the low $3,200s, and now it's back up again.
I can check in real time, but we've already started to see the buying accelerate the price again.
Wow. Yeah, gold's at $33.23 as of right now.
Wow, wow.
Yeah, it's starting to get volatile like Bitcoin was.
It goes to $3,500 and then drops down to $3,200 and then it's back up.
But of course, $3,200 just a couple months ago, everybody, we're like, wow, it's at $3,200.
But it's going back up again.
It really is crazy.
And as I said from the beginning of the week, it was kind of like, you know, sell everything.
We don't want bonds.
We don't want stocks.
We don't want anything other than gold.
And it's the uncertainty.
It really is this chaos that Trump has introduced.
Well, I think what we've watched over the past few years, and especially the last two, Is that gold really isn't responding to market conditions like it used to.
It's no longer just a fixed commodity.
It's a monetary issue because the world is resetting away from the dollar system and into gold.
As a matter of fact, the Chinese and the Shanghai Gold Exchange are looking to put in remote gold warehouses internationally now.
To back their trading system.
And I think this is all part of the future moves, especially the BRICS nations, away from the dollar and into gold and being able to trade across borders.
So it's really interesting to see that as well.
Again, gold hasn't responded like it has in the past with rate hikes through Powell, you know, Powell raising the interest rates faster than any Fed chair in history.
That didn't seem to do anything to gold.
As a matter of fact, it started to outpace and continue to climb.
Lowering rates doesn't do it.
Even the tanking of the stock market used to bring gold with it.
It wasn't that long ago.
It was 2020, David.
I watched gold and silver tank along with that.
The stock market that Trump created after he signed the executive order for the lockdown on Friday the 13th, March 2020, we watched that go with it.
It went down with the stock market, and it had a slow rebound.
It didn't do any of that this time.
It continues to rise in the face of everything, and I think that's a different phenomenon.
This has nothing to do with markets anymore, in my opinion.
Yeah, it truly is crazy what is happening.
But again, here we are.
We had the lockdown five years ago, and now we're seeing this again.
And Trump was talking about Powell and making some really strong statements.
If I want him out, he's out.
He's out just like that.
And then he walks it back.
And I've got an article here from, let's see this, Wall Street Journal, saying Trump decided not to fire Powell because senior advisors warned him that doing so would rattle the markets.
You know, he had already had some legal experts looking at it and saying, do I have the authority to fire him?
You know, so he had his legal team looking at it.
But then his advisors come in and say, well, you know, you may have the legal authority to do this.
You may get away with it, but it's really going to rattle the markets.
And so, you know, he's backed away from that now.
Well, that's interesting.
Hasn't seemed to bother him in the past.
I mean, he's rattled the markets more than any other president I've seen.
He's rattling our chains, isn't he?
He's pulling our chains, our supply chains.
I think that that issue has less to do with the legal and more to do with who actually runs the country, who actually pulls the strings, who the backers are.
They don't want Powell gone, so Powell doesn't go.
President Trump wants to get into.
And he knows it.
He has to on some level.
That's an entity unto itself.
You start messing with the Fed and the Fed chair.
If you're going to do that, if you're going to kill the king, you better go all the way.
You better audit the Fed.
You better do the whole doge it if you're going to do something.
But they're not going to do that.
No, as a matter of fact, we're seeing just the opposite from Scott Besson.
What he's saying is that we need to have reforms amongst the Bretton Woods institutions.
Hint, hint.
In other words, let's have another Bretton Woods, right?
Let's have Bretton Woods number three.
Let's reset it around something.
Of course, you and I have a pretty good idea of what they want to reset it around.
But he's saying America first does not mean America alone.
And so he's working with the IMF.
He's working with the World Bank.
He's working with all the usual suspects.
This is Soros' right-hand guy.
He's not he's not America first at all.
And it's amazing to me how Trump is able to pull the wool over people's eyes.
He's got all these Democrats and statists and socialists.
He's got socialist Peter Navarro.
He's got Soros's right hand man.
And, you know, these these are the guys who are looking after our interests.
I don't think so.
Tony?
Well, it's interesting that you would go.
Go ahead.
I'm still here, Dave.
It's interesting that we would go back to the source of our ills.
You know, the IMF and the World Bank are products of Bretton Woods, 1944.
That was the new economic world order at the end of the last war.
So you're going to go back to those institutions.
That's interesting.
Really, I think Gold Telegraph, the Twitter account that I follow, I think they said it best.
You know, call for the IMF and World Bank to help with reform.
He said, if we're watching a reset, this is what this is all about.
The reset is in play.
And again, nothing really changed with the administrations.
It's just a different strategy for the Great Reset itself.
You know, if you wanted to go back to the Constitution, then that's a way, that's a path forward.
If you wanted to restore the Republic and you want to restore sound money, that's something that I think Would actually benefit the American people and benefit the financial system.
But no, this is still a path to the Great Reset with this financial world order that we're working towards.
And of course he's talking about the architects of Bretton Woods.
He says, we understand that this requires global coordination.
He's not a nationalist, he's a globalist.
He's a Soros globalist.
He's talking about, yeah, we've got to fix these Bretton Woods institutions, and they should serve us.
They should serve our needs.
Well, who are we?
We are the globalists, and so they need to...
They need to serve the global needs.
We need to have global coordination.
The institutions, the Bretton Woods institutions, are serving their stakeholders and all the rest of the stuff.
I mean, this guy's like straight out of the World Economic Forum.
If Trump fires him, he could take over for Klaus Schwab, couldn't he, at the World Economic Forum?
That's Scott Bessent.
They cut from the same thought.
Yeah. They float in the same circle.
You're talking about this is adjacent to Soros and, you know, those who are in that circle.
I mean, again, you get up into the Goldman Sachs, high finance, Rothschild, you know, Wilbur Ross right now,
and it's all the same people.
This isn't, you know, The apple doesn't fall far from the tree.
You're talking about anything that came out of the Bretton Woods system in the elite circles.
So, no, the World Economic Forum, all that's the same thing.
And, of course, when we saw Trump locked everything down and was the center of all this economic chaos and making the vaccine and all the rest of the stuff and everybody operating in lockstep.
And Wilbur Ross was his Commerce Secretary who worked for the Rothschilds and even said, hey, this is a guy we can use, you know, back when he was having his casino bankruptcies.
So the question is, you know, who is it that's pulling Trump's strings?
I think it's always the same people.
I think it's always these same globalist bankers.
And all this stuff about nationalism is just a beard.
And they don't know, Tony, what's going to happen.
Everybody's saying, well, we don't really know where we're going to go yet.
China tariffs are going to come down a little bit.
They may not be 145%.
They may not be 200%.
But I don't know, maybe somewhere in the 50% or 60% range.
Everybody's just making stuff up.
Nobody, there is no plan.
They're just reacting to different things, and it's just absolutely out of control.
Nobody's driving the ship, and there is no accountability.
All the Republicans are running for cover.
Whenever Trump says anything, they run for cover.
So this is just a, you know, it's a runaway train, and that's why everybody's going into gold.
Did we lose, Tony?
That's fine.
Sorry. Yeah, we got a little bit of a lag there, I think.
Oh, I'm sorry.
Yeah, I'm in my remote office.
Yesterday, I bought my first Comex bar.
Like, I bought the first that I've ever bought for Wise Wolf.
We bought a 1,000-ounce silver bar.
I never actually bought one.
I've seen it, but I never actually bought one.
And I had to take it to the trading floor to trade it in.
So I went by my remote office here in Rockwall, Texas.
So I guess the Wi-Fi isn't as good as I remembered it to me.
So sorry about that.
That's okay.
That's all right.
But we also have other people saying the depression cycle is here.
This is from Charles Nenner.
And he says it's going to be worse, much worse, in 2026.
In other words, when he looks at his analysis, he thinks that we're in like the equivalent of 1929 type of thing.
And I remember when Trump locked everything down in 2020, and I started looking at...
The instantaneous unemployment that he created and the instantaneous drops in the markets and all the rest of the stuff.
And I compared it to what happened in 2029.
And when I looked at it, I realized that, you know, in 2029, you didn't have the worst of it.
It dropped significantly and started down that path.
But then it continued to get worse for a couple of years.
And the depth of the depression happened a couple of years later.
That's what this guy is saying.
He says it's a depression cycle.
And it started and it's going to deepen in the next couple of years.
Well, it certainly did.
A lot of people, you go back and you mentioned those China tariffs coming down from 200% or 140.
Maybe we can get up to like Smoot-Hawley levels of 50%.
Smoot and Hawley, the bill that was passed after the stock market crash in 29, That was a way to protect manufacturing and so on.
Modern historians go back and they blame the tariff on something that the Federal Reserve actually caused.
Ben Bernanke, back in 2010, took credit for that.
He said, yeah, we caused the Great Depression, talking about the Federal Reserve, but we won't do that again.
It wasn't the tariffs, and that's the modern misconception that the tariffs did that.
However, You know, you talk about the depression being deepened.
What deepened the depression?
Well, it was the social reforms.
It was the government spending.
It was the inflation.
You know, it didn't have a chance to do a market correction.
You remember FDR took gold from $20 an ounce to $35 an ounce, and it stayed that way, even through World War II all the way to 1971.
But that was the jolt of the expansion of the money supply.
You think about that, from $20 an ounce for gold to $35, and the influx of cash, that's inflation, that's the loss of financial equilibrium.
That's what caused and furthered the Great Depression, not just the stock market crash.
And again, tariffs are blamed on it, but it's the expansion of the money supply.
And that's what we're continuing to have this pain.
Because you really can't outpace with growth if your currency is declining in purchasing power.
And I think that's what I like to pay attention to is the dollar index and what's happening with the strength of the dollar compared to things like gold.
That's a good metric.
If you're watching...
The dollar's lost with 40-some-odd percent of purchasing power against gold.
That's a metric to watch if you're trying to get economic recovery because no one can get ahead if what they earn buys less.
And it's always going to do that in an expansion of the money supply in a situation where you have to live off that.
The dollar is weaker today than it was six months ago by many factors.
What was the price of gold, David, around the time of the election, around 2016?
Yeah. The currency system of the U.S. is breaking down,
but that is the way that the planners want it.
Trump has called for a weaker dollar.
He's pushing...
What is he...
Okay, this is a good open question.
Hang the question mark over this.
What is it that Trump is disappointed in Powell for?
Because Powell won't go and do QE.
Or lower interest rates, right?
And all that stuff is going to be inflationary.
That's right, yeah.
That's right.
All that's going to be inflationary, and all that is going to push me forward.
Yes, it's all inflationary.
Yes, it's all inflationary, and there's no measures right now to strengthen the dollar.
This is all about getting the Fed to move on QE, and somebody has to be blamed for it.
That's why I think it's like we can start the straw man with...
With Powell, I mean, he's obviously stuck around longer than I think.
I mean, I don't know why he's still there.
It's a sinking ship.
You'd think you'd jump off of it, but okay.
There's something to it.
He's going to stay.
Lowering rates and QE is what the planners want, in my opinion.
It points to nothing else.
There's no calling for fiscal responsibility or paying down of debt.
I heard an interview earlier today about how tariffs could help...
We're not going to use tariffs to reduce the deficit.
Dick Cheney said deficits don't matter.
That's the way they look at it.
We're at about 125% of debt to GDP.
So they're not worried about that.
They're going to continue to push this over the cliff.
I hate to be the bearer of bad news, but it's not about fixing the fiscal house.
This is about a global reset, folks.
They're going to reset the financial system.
And why not go ahead and damn the torpedoes full speed ahead.
That's what they're looking to do, in my opinion, is crash it.
You can build it back better.
Yeah. Trump's doing a financial great reset, and everybody is cheering him on on the conservative side.
This is wonderful.
We got taxes.
Tariffs made America great.
Taxes are what America was founded upon.
It's like, yeah, they revolt against taxes, you know?
We just always say in the Libertarian Party, we say, Government is revolting.
Why aren't you?
You look at this, and it's amazing to see these conservatives tie themselves up in knots and to deny everything that they've always said they believed just because they want to get on Trump's good side and cheer whatever he's doing,
whatever it is.
And they absolutely are going to reset everything with this.
But it's okay if Trump does a great reset.
You just don't want a great reset that's being done by Biden.
And that's exactly what Scott Besson is saying.
He said, we're going to reset the financial system.
We're going to have another Bretton Woods.
They're saying it out front.
There is no way.
As somebody who has studied economic nationalism for 20 plus years, I started reading Pat Buchanan and listening to him in the 90s.
I was a kid.
And I was fascinated by this argument.
So over the years, I've read everything I get my hands on on economic nationalism, tariffs, the history of tariffs.
I know a lot about it.
I'm not an expert.
But I know one thing.
Those who are saying and advocating tariffs never believe that.
This is like a changing of the guard, and there's a new boss, and all these, you know, it's like somebody that's a corporate lackey.
Is saying, oh yeah, we believe in that management change.
They do not.
They do not believe.
They never have this.
The elite believe in the policies of free trade because they pushed it so hard.
And you were a heretic.
This wasn't...
Economic nationalism and talking about tariffs was always foreboding.
I mean, it was like, you're a heretic, you are a lunatic, you're in isolation.
Yeah. That's like a bygone era.
I remember radio hosts that, you know, I started out in my first station in Dallas, and I'd talk about this, and they'd say, that's Libs stuff.
You're talking about bringing jobs, that's Libs stuff.
You know, they would say I was a Lib fan.
So, they didn't understand it.
But they're saying it now, I promise you.
Like, on their shows, they're saying, like, this is good, we're going to get these taxes up.
And it's doubly foolish, isn't it?
Because, you know, not only have they, you know, denied everything that they ever said and always believed, but now the reality is that it is still global economics.
As he's saying, we're going to do this.
Is it economic nationalism when Scott Besson is going to do another Bretton Woods with the IMF and the World Bank?
I mean, it's all the enemies of this stuff, including the Soros banker who's now the Treasury Secretary.
They're putting together a new globalist financial system to replace the old one.
This is non-economic nationalism.
And you've got the foolishness of these conservative commentators everywhere talking about how wonderful the tariffs are when that's just a distraction for them to build this new Bretton Woods global economic system.
Well, that's what they're building.
They're not building a new American economic system.
We're not going back to our roots and creating sound money and balancing a budget.
No, it's
We're not watching the same thing.
You talk about these international institutions, whether it's the World Bank or IMF or the Bank of International Settlements.
That's who's pulling the strings right now.
That's the financial order that's doing the reset.
We're just in the middle here.
I look at metrics that are Not necessarily market-related, which things like gold, the price of silver, you know, the price of Bitcoin, other things that, to me, are signaling a sea change.
Even in the face of, we're watching these stocks tank, and I'm seeing gold do what it's doing.
And I promise you, no matter what Powell says, it may move gold a little bit, but not like it used to.
In the days of, you know, I think a lot of people were...
With me, they were like, well, I'll wait until there's a dip.
And I'm like, I don't know when that's coming.
And I want to advise you, I do not see...
I mean, I think low end, we might get down to the $3,000 mark on gold if there's a big sell-off and everything looks great.
But too many contracts, too many things have happened.
In the last 24 months to get that price to go backwards.
I don't see it.
There's, again, too much investment.
There's too many factors with central banks.
And not only that, but sovereign wealth funds, David.
Countries around the world building these sovereign wealth funds, and they're just accumulating more assets and gold being one of them.
So none of the buying is going to slow down on gold.
You know, the price is not, you know, it may fluctuate a bit.
I'm not going to call for $10,000 an ounce gold anytime soon, but I don't think any, I don't think $5,000 an ounce, again, I'm not giving people investment advice so don't go around and buy it because I said that, but I think, you know, if it's a year from now,
we're talking about $5,000 an ounce gold, are you really surprised?
Yeah, that's right.
I wouldn't be, not given what we've gone through in the last 18 months.
Well, I've got a question here from DGA on Rumble.
He says, can you ask Tony, how is silver one one-hundredth of gold?
What has been the difference over time?
And people are pointing that out, and some people say, well, you might see $50 silver this summer.
What is going on with silver?
Well, it's just the same thing we've talked about for many years.
Silver's monetary usage has been put on the back burner.
So these nations that are in central banks that are accumulating gold, there are institutions in some countries, like Russia has put silver on its reserve asset balance.
It is becoming more and more of...
A metal that's going to be accumulated by governments, but in the interim, it's institutions like J.P. Morgan, which has been convicted of suppressing the silver price while accumulating it.
I'll give you some metrics.
It's like 250 or so, 250 million ounces a year estimated deficit.
So that did take 250 million ounces from the above ground silver supply.
Silver supply is dwindling.
There's going to be a break sooner or later, but nobody really knows when those contracts start to break, when the exposure really happens.
There's an open question.
I'll have to do some research.
I don't know of one.
Can you name me another commodity whose all-time high was 45 years ago?
I can't.
Yeah. It's 45 years ago that silver was $52.50 an ounce.
And, you know, you've got to look at what happened to the Hunt family after they ran that price of silver up.
So nobody touched it again.
I just think it's a matter of time.
And you know what?
Maybe I had a call with one of your listeners yesterday, and they asked me about this same question.
And I said, look, if you're long-term...
If you're really long-term, look at that.
Just like you mentioned, it's 100 and some odd to 1 on the gold-silver ratio, which is historically so ridiculous.
It's never happened before.
At the top end, it's generally 20 to 1. So that top would be 20 to 1, not 100 to 1. So I think there's going to be...
This may be part of the...
The restructuring and the reset that happens in commodities.
So the upside, if you're long on silver, I think, yeah, you'll see.
It wouldn't surprise me, given what gold has done, David, if silver does reach an all-time high again.
It was 45 years ago that it did it last time.
We are due one.
So I would assume, and I think once silver breaks that $50 barrier again, I don't think that it'll come back down.
I think that was probably just all the manipulation over the years, and again, it's cheap for the military-industrial complex.
Because it's 500 ounces in each Tomahawk missile, not to mention all the other things that they build.
They need cheap silver.
And then, you know, who's the largest exporter of weapons around the world?
You know, those margins get cut.
The United States is.
The United States exports most weapons.
It's the biggest arms dealer in the world.
So a lot of that stuff has silver behind it.
And so those margins go down.
That's an open question of why is silver that way.
But I don't think it can stay that way forever.
I do think we're due for an all-time high very soon.
And then once we break that, it may because of that and then the calling of contracts that have not been called, it may expose the flaws in this and the fraud.
I think there's some fraud in there.
You know, wherever you find commodities, there's frogs somewhere.
Possum King says there's a difference between gold and silver.
Silver will kill a werewolf and gold will not, you know.
So there's that.
I guess maybe at some point in time we might have some mining for silver going on in Afghanistan or Iraq or Gaza or whatever we get back.
Some silver that they're putting into the weapons and blowing up there.
It's got to be there somehow at some point in time.
I had a story yesterday I covered, Tony, where you talked about urban mining of gold.
And did you see the story about the ATM?
I heard you.
I heard you talking.
That's pretty amazing.
I don't trust those guys to do an honest assessment.
I would trust you, but I would not trust the Chinese ATM with my urban gold that I've got there.
But I've got another...
Yeah, go ahead.
I've got another comment here, I should say, from Christian Constitutional Conservatives.
He says, Trump is offering a private dinner with top investors in his meme coin.
And it's, you know, the dollar Trump thing.
And as a matter of fact, somebody sent this to me.
And this is what it looks like.
I'll put this up on the screen here.
Trump hosts dinner with top holders of his meme coin.
The 220 top holders of his meme coin are going to be invited to a private dinner on May the 22nd.
And so this person says, how is that not market manipulation for his own coin?
Yeah, it went up 54%.
Yeah, what's that now?
It went up 54%.
Really? The coin was up 54% after that announcement.
Wow, wow.
You know, that's the other part of it as well.
You know, you look at it going up on that announcement as everybody's saying, well, I need to get my reservation there, and they're competing with that.
Other people have said about the Trump meme coin that perhaps this is a way for people to, And,
you know, when just with Bitcoin,
for example, And the whole crypto thing, first Trump was a really positive thing, then it became a very negative thing when with his schemes and scams and stuff, it kind of underscored a lot of people's concern that Bitcoin was a pump and dump.
And so now he's got this meme coin out there where people can anonymously contribute to him and to his family, and people have already called that out and said, you know, that could be something that is a real conflict of interest and real corruption that is going on here.
What do you think?
Well, I think it was really unfortunate that he chose to go that path and with the meme coin because as somebody who's studied cryptocurrency for the last almost 10 years, I don't claim to be any kind.
There's people in this space that are absolute geniuses.
I'm not one of them.
But I understand the fundamentals of why Bitcoin was appealing.
I start to lose the thread when you get into the meme coins.
There's so many of these IPOs and offerings and things that have, or ICOs rather, that have been put out that, I mean, they're just, you'll see them go parabolic.
There's somebody who's at the top selling off, transitioning into Bitcoin, getting out, watching it dump, and then leaving it in the hands of the people who rushed in with FOMO and lost their Lost their, even sometimes their whole savings,
their life savings, their livelihood.
And that's on them, you know, because that's the risk you take.
But I don't see the, I see the functionality of Bitcoin, but I don't understand the mean coins other than, like you mentioned, is that a backdoor way, you know, to take a position?
supporting Trump or his policies or those around him.
I mean, you can just use that as a kitty whenever you want to inflate it and then sell it down or whatever it is.
I'm sure there's a thousand different ways that could be advantageous.
Yeah, it wasn't...
I went over it, and I can't remember exactly how it worked, but somebody actually, you know, said, look at what is happening with world liberty, you know, and there's some lack of transparency there as to the people who were actually invested in that.
And so, you know, it's not necessarily directly the Trump meme coin, but that's all involved in all of that.
And so I got another question here from Qualamos, who says, are there sovereign gold bonds?
Still, do you see more companies moving assets into gold bonds in the future instead of U.S. dollar-backed things?
What do you think about that?
Yeah, more companies are doing that.
As a matter of fact, it's kind of a mix between there's a lot of multinationals and large corporations taking Bitcoin holdings now and also gold.
I mean, things like the Shanghai Exchange Putting remote warehouses in, I think underscores not only that gold is a part of the future for governments and companies and corporations, but that physical will be part of that.
The breakdown of trust is the biggest issue we have.
The dollar was trust.
The dollar system after 1944 was trust, and we really did a number on the world when we went off the gold standard and closed the gold window.
But the world followed suit, and there has just been a decline in trust ever since.
Now we're at the lowest ebb that we've ever been in, as the trust factor is concerned with the currency.
What comes in?
Gold fills that space.
It's the endgame to Gresham's Law.
You know, Gresham's Law says when bad money enters a system like fiat currency, then good money goes into hiding.
And I think this is the endgame here.
That's a great question, by the way, because it's not only governments, it's private institutions that are putting on their balance sheet Getting out of volatility and looking to something that can't be reprinted.
As a matter of fact, somebody was talking, I mentioned briefly yesterday, stablecoins.
Well, you know, we always see stablecoins as being backed, you know, to the dollar, which everybody knows is not stable.
But, you know, a lot of companies are starting to come through and have stablecoins that are backed by gold.
And I guess that's kind of a similar thing to the sovereign gold bonds.
And I would expect that that would be something that you would see before you'd see sovereign gold bonds, that you would see a stablecoin.
But I think that the government is going to do everything they can to push the stablecoin that has a dollar backing on it, because that's the way that they create a market for their bonds when nobody wants their bonds, when everybody's getting concerned about U.S. debt and being able to get paid back people.
If other countries stop buying the U.S. bonds, then they can always get these stablecoin companies to buy the U.S. bonds, right?
I just really wish the government would get out of the currency business.
They seem to be pretty bad at it.
And once they get control of that, they start a lot of wars and kill a lot of people and create dystopias and police states.
Yeah, I wish they wouldn't do that.
It's like when somebody says, Texas is going to create a gold-backed state currency, and I go, digital currency?
I go, I really don't need them, though.
I mean, you're trying to fill a role that, I mean, private institutions, you talk about these exchanges around the world, it's interesting.
This gold, for example, you know, the spot price here in Dallas is going to be the same in New Delhi, okay?
Pretty much within the margin of error based off the rupee.
I mean, again...
We're looking for something like some kind of leadership on currency for whatever reason because that's our normalcy.
That's what we were raised around, what we were comfortable with for some reason.
The more I read about money and currency and study it, governments in this business have been really detrimental.
But they have to do it, and you're right.
People ask me about a gold standard all the time.
And I said, well, last time we had one, it was illegal for you to own gold.
So I don't know if that's a great idea.
Yeah, yeah.
Well, you know, when you look at this, and I had an article yesterday, I talked about stablecoin.
And they said, you know, if they had something like this, it would allow farmers to be able to get their money processed with less fees and far, far, far less time if they're selling something into an area like Africa where there's a lot of corruption and the institutions don't work too well.
And so you can see something like that where you might have a stablecoin.
You might have a gold-backed stablecoin to allow people to do that type of thing.
But when I look at the gold stuff, and all this comes into play when you're looking at the value of gold in terms of the dollar or other things like that, or you're looking at how do we have a financial system that's here.
But I look at the gold as being about privacy.
And that's the physical gold that you hold.
I think that the privacy is priceless.
And that's why I keep coming back to physical gold or silver that you hold yourself, because that gets you out of whatever system that is out there.
And all these systems can be rigged.
Of course, they can rig the price of silver, as they're doing right now, too.
But all of these different things can be rigged.
Priceless thing in the future, I think, is going to be transactional privacy and being outside of that system with something that is physical and nobody can monitor it.
I agree with you.
That's why, I mean, my primary business is physical precious metals because that is a way for you to retain your sovereignty and your privacy.
You can house your wealth.
You can hedge against economic turmoil, inflation.
It's a good tool.
I do like Bitcoin for reasons of being remote or electronic and peer-to-peer and other things that are on the grid, especially when you're using a wallet that's not tied to an exchange with your keys and your 12 words.
That's good.
But it's secondary, I think, to the true privacy of, you know, if I want to trade some gold for some land with you, David, or some livestock or whatever it is, whatever commodity you want to sell to me,
I can use gold or silver coins.
Who knows anything about that transaction other than you and I?
Yeah, I keep looking at, you know, how are we going to operate in a gray or a black market, you know, because that's what I see is going to have to operate eventually.
Don't know exactly when that's going to happen.
Nobody does.
What's going on at Wise Wolf?
Anything different?
New? Well, you know, we're constantly looking for different products.
A barter-type system or a gray economy, a black market, whatever you want to call it.
I'm always thinking of that when I'm building these invoices for Wolfpack.
And again, fractional, recognizable bullion and coins and things like that.
The goldbacks, I think, even though the premiums on them are a little high.
The more gold you buy, it's funny, we had somebody Buy about $50,000 worth of gold the other day.
We just don't make that much.
It's funny because my trader, Yeka, called me and she's like, well, this is what we made.
She's just like, that's terrible.
It's the way you buy it.
When you buy more and you buy it in the larger increments, the margins, as far as the profit margins, decrease because the price decreases in the sense of it per ounce.
But when you buy, you have to pay a little bit more premium.
But here's the thing.
If you're buying stuff from Wolfpack right now and you're just putting it and you're accumulating it, the price is going to outpace those premiums, in my opinion, shortly.
I mean, I don't think it's going to be that long before the spot price literally eats up those premiums.
And then you've got shareable precious, especially with silver.
You've got shareable precious metals that will be pretty much close to the spot price.
On a long enough timeline, let it be like your dimes and quarters and things like that, or the 10th ounce silver pieces.
We even put in, I'm having the same thing I'm doing with the silver, the 100 gram bars, and we break them off and we put the silver gram bars from Valcambi in their own little holder.
So you have gram bars of silver, gram bars of gold.
These are good things to have, and the more that you're getting in this timeline, where the dollar is still used as the world's reserve currency, so that purchasing power still holds somewhat, the more you can accumulate, I think, in precious metals at this premium level and hold for the long term.
You'll be able to use in that next level, if you have to.
I mean, God forbid.
I hope we don't have to do that.
Oh, yeah.
Yeah, never know.
I don't want to have to do that, but I think that's a...
Real advantage that people would have, David, especially with the fractional stuff.
I agree.
I agree.
Are you doing the broadcast today after this program?
I plan on it.
Last week we had people working on my house.
This week I've got Wi-Fi difficulties at the warehouse.
We'll see.
Okay, well, assuming that there's no technical difficulties, people can find you right after this show.
you're going to have a, uh, uh, a broadcast and that is on, let's see, you're on, uh, X, I know.
And, um, is it rumble that you're on?
I'm on rumble at, uh, the American plug channel and on X at Tony Arterburn.
Yeah. Come find me.
I'm,
I'll see if I can put a show together.
I missed the last week.
We had to run a best sub.
Oh, okay.
All right.
Well, that'll be great.
And thank you again, Tony.
It's always great having you there.
And we're talking about the small things.
I got a gold bag thing from Florida, which I thought was kind of cool.
And I didn't know they were making those things there.
And it had some kind of a Lord of the Ring thing on there.
We laughed about it.
We said, how about that real money with a fantasy image on it?
And it's kind of a flip, you know.
It's usually got images of real people, and it's fantasy value that's there.
This time it went around the other way with the gold-backed Florida coin.
But always great having you on.
Thank you so much.
DavidKnight.gold will take you to Tony Arterman.
It's a great way to start accumulating gold and averaging out that price, as Tony was saying.
And we're headed for some very unstable times, and it's a great thing to have something that is going to be stable.
And that's why everybody is moving towards it.
Thank you so much, Tony.
Great to have you.
Thank you.
They see the common man as simple, unsophisticated, ordinary.
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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.
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