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Sept. 4, 2025 - The David Knight Show
25:47
Gold Stampede: De-Dollarization Goes Mainstream
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We have uh joining us down the line, Tony Artman, and it has been a big couple of weeks for gold, hasn't it, Tony?
Uh I was just looking at the prices, and uh I was gonna talk about this a couple of days ago.
Um the um from Friday to Friday, it went up two percent, and then from this last Friday uh to Monday, it went up three percent, and then in uh 24 hours it went up another two percent.
It's really uh hitting all-time highs all the time again, isn't it?
Yeah, but don't worry, everything's fine, David.
Uh the financial system is fine.
Nobody nobody's running for the exits.
Uh central banks haven't broken all the records by hoarding gold.
They now held about 36,000 banks that brought in about 10 tons of gold, which was down, and um that looked like to be a trend, except for the rest of the world's uh going for gold right now because of all the instability.
I mean, you talked earlier about the chaos of the sanctions and the tariffs and things that the Trump administration is doing, and uh markets do not like uncertainty.
That's right.
And that is showing up right now in spades, and um, you know, the all-time reason for it because when he looks getting started.
And it's a good reason they don't like uncertainty because you you look at businesses, whether they're small or large, they can't operate with this kind of uncertainty.
You know, they don't know if they're buying in that something's gonna be 50% higher than it's gonna be in a week or two.
Uh this kind of whipsaw stuff is just the ultimate insanity.
It's the dumbest thing I've ever seen.
Yeah, if you wanted to create an environment where the United States had a robust economy, you would do different things than what's being done right now.
Uh and especially, you know, I mean, some of the gold price is certainly is the anticipation of the lowering of interest rates or the replacement of the Fed chair or whatever that is.
I mean, there's there's something built into the gold price there.
But I'm I'm really of the school and talking to you over the past few years of we've noticed together that the Federal Reserve really didn't affect the price of gold.
And you know, when they've raised interest rates, uh usually that will decrease the price of gold, and gold hit all-time highs in the face of them doing that.
Yeah.
Uh so I don't think that the interest rate necessarily is that.
I think it's the geopolitical tensions, and I think it's the things like de-dollarization, David.
I mean, if you look at um, we just you know surpassed um gold surpass a week.
The gold surpassed the the euro as the second most held reserve asset uh by central banks.
But now gold has surpassed uh the holding of treasuries, U.S. treasuries.
That's another thing that just got passed.
Wow uh in the last month or so.
So the the world now holds more gold than U.S. treasuries across the board as a reserve uh asset.
So that's another thing of the de-dollarization is is uh still continuing to unfold.
And of course the media is so focused on everything that's happening in the United States solely and uh what's going on with the Fed and what's going on with Trump.
They're not paying any attention really much to this uh Shanghai cooperation organization, I think it is the SCO that's happening there, and that's all a blowback against Trump's bullying, because that's essentially what the tariffs are.
They're not about protectionism, they're about bullyism, I guess is what you could say.
Uh it's about bullying these different countries, and uh and it's it's really destroying the system that America had made, uh continuing the work that uh Biden had done in his administration.
Uh but it is uh as Ray Dalio said, uh Trump's America is drifting into a 1930s style autocratic politics.
And and Trump is very happy about that.
He wants to be seen as an administration that uh reorganized everything like F FDR did, and he's really organizing it along central planning and socialist lines as well, I think.
Yeah, because that worked out well uh in the past, always uh the central planning always works out well.
Um that is uh that is uh seems to be the theme.
This really isn't about economics.
I mean uh uh even for even for the short term, you you know, if you look at the the magic pill that Trump wants to push, which is the lowered interest rates or taking interest rates to zero.
I mean, just make the money printer go burr.
That's really what he's wanting to do.
And you need a weaker dollar in order to play these uh tariff games.
And the sad part about all of it is that um the this fun house mirror version of what the tariffs represent uh to the public now are not what their intent was uh or what they're supposed to be used for or what I uh what I supported them for now I don't uh I have to back off of what uh you know my previous support of things like tariffs because I I don't think they're being used in that way.
It's it's more of a it's more of a stick and no carrot.
And you're right about the rest of the world is they're forming coalitions.
You can look at the easiest uh example of that would be BRICS which is Brazil, Russia, India, China, South Africa, but uh but it's more than that.
I mean geopolitically, militarily, economically all of all of the the forces that are aligned against U.S. hegemony which has been abused are are gaining strength.
And uh we look ridiculous right now and that's unfortunate.
Well as I was just saying, you know, we had uh India and China were fighting each other at one spot on the border not long ago.
Now they're embracing each other as friends because of Trump's bullying that that's what's really happening with all this stuff.
So um Ray Dalio said uh there's a strong autocratic leadership that's sprang out of the desire to take control of the financial and economic situation same as it was in the 1930s.
And um and that's really the path that we're going on and you know Trump and the people around him, whoever is making the policy uh people around him know that uh they've got this massive debt that he's growing by leaps and bounds and they want to monetize that with inflation.
They want to be able to pay it back with cheaper dollars.
And they want to be able to pay it back at a cheaper interest rate.
That's the strategy that he's focused on and that's why he's pushing so hard.
And I don't know when you look at what's going on with the Federal Reserve, they may be able to get uh this one person out and he may be able to uh intimidate um Powell uh Gerald Slinty always said Trump's gonna get whatever he wants out of the Federal Reserve and uh because he did the last time uh but uh he's really put the screws on him with this stuff he certainly has and it's uh there really isn't any other examples in modern US history of the president you know openly um
intimidating the Fed chair or calling for the removal of a Fed chair.
I mean, there's examples of Lyndon Johnson supposedly bullying the Fed chair in the Oval Office, but that was in private.
This has been open.
And I think that begs a lot of other questions about the role of the Fed and what the Fed is and this private banking consortium and how much power they actually have and what the presidency represents.
And a lot of this is still just to show.
mean yes Gerald Ceralta is will get the rate cuts that he wants um that will happen and I I think that that's just going to signal further inflation.
The the era of inflating our way out of these crises though I think is coming to an end.
I yeah just everything that I followed over the years and knowing what the metrics say you know if you go to 130% for whatever reason that's a magic number David but 130% of debt to GDP is where some sort of tipping point where you know the most of the economists agree that's a that's a Rubicon you cross that and there's really no coming back.
So I don't know you know what the plan here is other than you know short-term fulfillment which could be I mean it could be just uh trying to pass the midterms and just buying some time you know it's the economy stupid always coming by when you get um when you get a debt that is so large it starts crowding out all the marketplaces and and that's the key thing.
You know it's the elephant in the room that is destroying everything.
And uh the federal government as it becomes larger, more authoritarian, more dictatorial is uh crowding out all the individual decisions around there.
That's why it's uh it's destroying uh the economy and we'll do that.
Uh Ray Dalio says he gives it about uh three years give or take a year or two before we have a big debt induced heart attack.
Uh they're they're gonna drop the interest rates by a quarter of a point by 25 basis points.
Some people think that's going to happen with uh 50 basis points.
And uh a lot of people are saying gold is not done yet.
So you've got a lot of people projecting uh four thousand dollars in the near term right now as well.
And as I said, it's been jumping uh leaps and bounds we've seen with uh this happening.
Uh silver, how's silver doing?
Well, silver is uh at a uh almost at an all-time high again.
I mean, it's uh within striking distance of that.
I mean, $52.50 is the 1980 high, but you look at 2011.
This is the first time since 2011 we've hit over 40 dollars an ounce.
I'll I'll pull up live spot prices right now, and we'll see where we're at.
Um but I think the something happy forty dollars and sixty-eight cents uh as of this broadcast is where silver is.
So we're above the the 40 dollar mark for the first time since I've been in business, uh for the first time since Wise Wolf's been in business, we hit 40.
So um interesting to see there, and I I think we're just getting started.
So this kind of goes back to conversations you and I had a year ago or more, and I started to notice that um these nation states, and especially uh Russia were putting uh silver on the as a strategic reserve asset.
And I thought once that happened that a lot of these uh the Comex and the contracts and a lot of the paper and and the ETFs and things that were papered over.
I thought that that would start putting strain on the phys the between the physical dichotomy and the paper.
And uh well, I may be right there.
Uh something happened, and I I think the the days of cheap silver may be behind us, David, though, where we're uh I was saying, you know, we were in the 20 dollar range, uh 20 mid-20s, I was saying this is extremely cheap.
And I was saying it was cheap at mid-30s, and it still is given what you know its all-time high ha has been, and and of course what's happened to the dollar, I think it's extremely cheap, but it is interesting to watch.
I was just looking at while we were on break, uh what Bessant was saying about declaring this national housing emergency in the fall.
He was saying uh uh rightfully identifying the problem.
It's not an emergency, though.
It's a I think it's a long-term planned takedown.
And uh it's not some unusual thing that's just kicked in, as you know, and everybody knows this is a result of a lot of overregulation, mismanagement, inflation, other things like that.
Uh it is a reflection of where we are as a society.
He says all things are on the table, and he's talking about how um uh how difficult it is to afford homes, but he thinks that the solution is going to be, he said, uh, yeah, look at this.
Eggs, he's he's saying this from a restaurant.
He said, eggs are cheaper now, thanks to Trump.
And uh we're going to have this lady who's working here in a restaurant.
She's gonna be in a much better position because she's not gonna have taxes on her tips.
And it's like, well, think through that.
Maybe that's what's making things so difficult and unaffordable is the taxes and the debt that you put on us.
But they're not going to do that.
I imagine they're gonna come up with some kind of uh free giveaway, don't you think?
Well, the price of housing that's an interesting metric because uh that it reveals the scam of fiat currency.
Yes, the price instability of currency that's constantly losing value.
And the reason that that the current generation is basically priced out of the housing market.
I mean, was it uh 15 years ago the average uh home buyer uh was around 30 years old, David.
Now that's 40.
Yeah.
And so this I think for everybody of of young people have been priced out.
That's because the wealthier that you get, you will park m uh funds in real estate because you can't put it in a savings account and uh uh CD's not going to do much for you.
So these wealthy people will just buy more and more houses.
They don't even live in them.
Yeah.
And we see that with you want to talk about uh fueling the home prices.
Who's who's this who's the mega buyers right now?
That's BlackRock.
Yes.
You know, gone gone in in 2020 and buying up massive neighborhoods and and outbidding individuals.
So there's a reason why that you know, this with the Dollarization happening around the globe and and the dollar diminishing.
It's interesting that uh Larry Fink and BlackRock were so involved in the mortgage scams of uh 2007, 2008, and uh then managed to to parlay that into his uh uh massive fortune that he has there.
But yeah, as as it goes up and talking about a generational thing, uh even people who are in the generation that uh I am who are able to afford a house, we have to look at this and say, and who are we gonna sell this to, right?
If the younger people can't afford it.
It's uh it's a problem for all generations.
That's exactly right.
Um eventually real estate's worth what someone will pay for it.
Yeah.
It's like when somebody comes to me with a with a rare coin or something or uh I have an error coin or I have this penny and I'm like that's really cool.
And you I looked it up on an app and it's worth a thousand dollars and I'm like that may be true.
Uh I don't have anywhere to sell it.
So I mean there's there's uh there's an issue with real estate I learned this is a I was a young real estate broker at twenty five and uh had that was the first business I ever started.
I called it Monticello Real Estate after Thomas Jefferson's home I had my my first uh real estate brokerage and so I learned a lot about real estate and I of course it culminated with the the housing uh collapse uh in 2008 2009 I and I went and started a different business but I've I've been in real estate a long time.
I I I think that we're definitely going to see kind of an end game to whatever that was where you know the American dream the the white picket fence and all the stuff and that everybody you know has a house they're priced out now because of what happened to the currency.
We have a currency crisis.
Really the currency crisis affects everything else and then it just it just appears that it's a housing crisis when really it's a currency crisis.
Yeah.
And I think a lot of the younger people, if you look at what's going on with Bitcoin, they're buying Bitcoin.
They're buying other things they can get into.
They can stack Satoshis instead of buying real estate.
And they can own a piece of something that is finite.
And a lot of people think that way in the digitized world.
And I think that will show up in housing.
Eventually, a big portion of the housing market, I believe, David, will be demonetized in a way.
If you look at, I think it was they did a study recently.
It was British Columbia.
Was it like, you know, five?
ten years ago it would take a hundred uh Bitcoin to buy a medium sized house and now it takes four so like in priced in Bitcoin the housing market is uh is demonetizing it's actually getting deflationary but priced in dollars it's inflationary.
So I think a lot of this is going to work itself out as we go through um the digitizing of currency and what's happening with the dollar and and where we land uh and this bubble it may it may you may be correct where people have uh we've built up this housing with you know previous generations and sold and it got has gone up and gone up and then priced itself out and then you don't have any buyers except for BlackRock.
Yeah who wants to own everything and you will own nothing uh I have uh Defy Tyrant 1776 says gold will be useless when C B D C is implemented, outlawed by government.
Uh I disagree because I'm I'm looking one of the reasons I put that article in this uh stack about the guy that was arrested when he went back to Britain because of his tweets uh Britain is working very hard to give ID cards to everybody.
This is something Tony Blair always wanted to do going back to Blair and Bush they were all about uh national identity right and uh those things have stayed there kind of under the radar but they're bringing them back now.
And um first of all they they won't call it C B D C'll give it a different name but functionally it'll be equivalent to that.
It'll be some kind of a stable coin.
And I would just refer to people who think that gold is going to be prohibited I would refer them to the drug war.
You know gold is not something that is you know when you got something that doesn't even harm people right you you can look at at drugs you can look even at alcohol and you can say well there's a lot of people who don't like that because of the harm that's done to individuals and so they might side with that.
But um with gold uh prohibiting something like that I don't think that they'll ever get away with that again.
Uh not I don't think people voluntarily turned it in people are too skeptical about and rightfully So of the federal government now to to cooperate with that.
As Gerald Slinty said, his his uh dad or grandfather dutifully turned in their goal when the when FDR wanted it turned in, but that's not going to happen today.
If they were to outlaw gold, people aren't going to turn it in to become an underground economy.
And uh it would actually probably help it because we we need something to get an underground economy going that's in something I think other than drugs.
Uh they they don't have the ability to prohibit anything they want and they can't really enforce that.
No, gold is one of those uh uh mysteries too.
Yeah.
If you read you know, I've read extensive histories on gold, and uh I would refer people to I just did a podcast recently with Alan Arrera, who wrote the the his another history of gold that I thought was the most complex, well-written history of gold I've ever read.
And I did an interview with him a couple of months ago up on my channel on Paratroothers.
Check that out because it goes deep into how it's interwoven into human history.
Um so not just monetary.
There's uh it's just a part of our story.
It's never going away.
Communist governments, as you know, David, they uh temporarily outlaw people of having gold, but they love it, they need the gold, they hoard the gold, uh the governments do.
They never really you know and that's the reason that FDR made it it you know uh illegal for you to hoard gold or own gold and turn your gold in in that executive order, is because they wanted to transfer it back to uh the central bank and to the to the Bank of International Settlements, and that's where a lot of the gold went.
And so when it was turned in, and I might remind people they turned it in and then they raised the price from $20 an ounce or $20.67 an ounce to to $35 an ounce.
So it was a it was a a great heist that happened.
Um so gold will always surround value and and what we consider money, and there will be other things on the uh horizon as well, like things like Bitcoin or something like that.
But uh gold will always hold uh some sort of of value and and will be considered money.
I agree.
I agree.
Um so tell us a little bit about what's going on at Wise Wolf.
Well, we got a lot going on.
I've been in Texas the last uh week.
I'm working on uh my physical location.
I don't know if I I told you, David, but I bought uh a an old branch bank.
Uh used to be a bank of America.
It was a Texas State Bank.
It's like a it has a drive-thru, has all the stuff that anyway it was it was being used as a a C BD shop or something, and I and it went up for lease.
And I'm like, all the stuff's still intact.
It's still a bank.
You can use it as a C B D C shop now, I guess.
C D Cank and uh we've been working on uh converting it over.
We're actual up we're operational right now uh for it's and I rebranded uh just for this location.
I did Wise Wolf Gold Silver Bitcoin have a new logo, and so we're the only drive-through uh gold silver bitcoin place in in America, for as far as I know that anywhere.
So uh we've still got all the all the bank stuff intact.
I've got an office and a studio I'm working over there, and uh today was supposed to be my last it's my last broadcast out of my house, which is funny.
I'm gonna I'm gonna when we get that done with the show to figure out what what uh alphabet agency was uh trying to hijack my computer, but um we'll have a new studio over there, and yeah, it's it's been it's been good.
And uh, you know, really just uh Wolfpack is about to get an uh an upgrade uh with a new website.
Uh and you know, in this day and age, for whatever reason things move at a very slow pace when you try to do projects.
I I I don't recall it everything taking this long, but we're rebuilding uh the website for Wolfpack and uh that's gonna be exciting.
We'll do a big whenever we're done, I definitely will talk to you about it and talk to your listeners, and which is a great portion of our Wolfpack members on what the changes are gonna be made and and uh we're gonna be offering some things.
Um That's great.
Yeah, Jason was a new site.
So Jason was talking about Wolf Pack and said, you know, we first started getting this stuff, he went back and looked his records, and both gold and silver have doubled in price since he did that.
And uh so uh you know, that that's the beauty of it, you know, the fact that you can gradually accumulate this, and uh it's one of the few places where you can actually uh have kind of a savings program and not lose value, you know, like you would if you were to put it in a bank.
Uh that's that's a wonderful thing that you do.
I don't know anybody else that does that.
It'll be interesting to see what you do with your drive-through there at your new building.
Uh but um that's that's great, Tony.
Glad to hear that.
And um I I think it's been a good thing, and um uh I'm always happy to promote gold and silver because uh it's real, it's physical, it's private, and I think regardless of what the markets do or don't do, regardless of what people do in terms of manipulating the markets, uh, that is a key thing for me because I understand what they want to do with uh this stuff with digital ID and other things, and uh we have to have some kind of an outlet outside of that.
And I think people need to understand uh that you know, like I said earlier, you can't really change the wind, but you can uh change your sales in order to uh when you see what's coming in.
I think that's a very important thing to get out of their system as much as possible.
We can't do it completely, but you know, start making those preparations.
I think we're just getting started.
As a matter of fact, I mean I look at the prices and I I look at what the the conditions of the geopolitically and everything that's happening, David, a history.
I think we're just getting started.
It's just the beginning.
Um batten down the hatches and get ready.
There's an incoming storm.
There's a storm coming, that's right.
And uh and I'm not cue, I'm not talking about that kind of storm.
They're not gonna be coming for the pedophile networks.
They are the pedophile networks.
There's a different storm that's coming, and it's uh it's very different from that.
Well, it's always great talking to you, Tony, and you've got a program that's gonna be following this one today, right?
Yeah, we're gonna try to get it.
Hopefully, we'll run in the Arterburn Radio Transmission.
We'll be over on my ex at Tony Arterburn and uh Rumble on the America Unplugged channel.
So come join us.
That's great.
Okay.
Thank you so much for all your support.
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