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Oct. 2, 2025 - The David Knight Show
45:16
Dollar Death Spiral Sends Gold Skyrocketing
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Welcome back, folks.
And joining us now is Tony Artiban of Wise Wolf Gold, and he has currently set up David Knight.gold, which will let him know that you're coming through us.
Tony, it's been an amazing time for gold, hasn't it?
And it's still going.
It's it's it's crazy.
Every single week when I come back, there's a new there's a new all-time high.
And uh last week I said, you know, the dollar has lost 40% of its purchasing power against gold.
We'll make that 45%.
We've got uh even more uh new all-time highs.
Gold um I I didn't, you know, I didn't foresee this uh this price range here uh in the last six months.
I th I definitely saw it past thirty five hundred, but uh we broke uh thirty, nine hundred uh temporarily uh this last couple of days, last 48 hours, I believe.
So really unprecedented for the biggest.
Yeah, it's getting close to the 4,000 number that people are talking about.
And of course, it's the uncertainty, the concern, you know, whether you're talking about tariffs or other economic policy and people concerned about uh uh any time you see a lot of bad news about the economy or people concerned about war, uh this is the people turn to gold in those types of times.
So yesterday you had futures drop and gold jumps as the government shutdown begins.
So bad news really uh shoots gold up like a fire hose.
And of course, along with bad news, I think about this AI bubble that I think is uh long overdue to pop.
And I imagine when that bubble pops, it's gonna really shoot gold up sky high.
What do you think?
What happened with uh combust?
I think so too.
Yeah, I think I think that uh a lot of institutional funds are flowing into gold right now, because at the end of the day, gold is money.
Gold is a monetary metal.
It's uh so is silver, but there's a lot of different factors that we'll talk a little bit about the price of silver too.
That's uh something I think you knew we need to pay attention to.
But gold is money and uh it houses that value, and you're talking about uh fear, uncertainty, and doubt, the FUD.
When that comes up, people run the gold.
That's historically always been the case.
The two things that have helped gold have been the Fed and the FUD.
The Fed and the FUD.
That's right.
And the devaluation of the it's interesting.
Uh, there was another article that floated around last week uh after I was on with you, and um the price of gold hitting its alt, I think over thirty-eight hundred dollars an ounce.
It caused the gold reserves of the United States to pass one trillion in value.
If if you believe that it's there, the over eight thousand tons, supposedly there's over four thousand tons there.
Remember, remember the Fort Knox uh, yeah.
When I talked about it, I said, well, maybe that was what the Fort Knox thing said, and we'll audit the the gold there.
Maybe that was what it was about.
Maybe we'll the see if it's there, and if it's there, we'll market the market.
Maybe we'll do it even if it's not there.
Yeah, we've had we passed the one trillion dollar, at least valuation mark for those over 8,000 tons that we supposedly have.
Yeah as as the as the United States.
But this is only going to continue, David.
This isn't a bubble.
Gold's not a bubble.
This isn't I don't even know if you would consider this a a bull market because none of the none of the factors that have changed gold's price and us really changing it now.
Um like with the interest rates when they raised interest rates, the price of gold went up.
When they cut interest rates, the price of gold goes up.
It continues to go up because of the monetary weakness uh in the dollar itself in fiat currency.
One of the things that came out of that article was uh one of the things you you constantly said, well, the Fed doesn't own any gold, which is true.
Uh in the United States, it's not the central bank that owns the gold, it's actually the treasury uh that has the gold.
And so uh they're looking at this as being accounting trick that they could do if they just uh they've got it on their books at some historically low point.
I don't know if they've got it on there as $35 or what they've got it on there for.
It was $35 for years and years and years after uh Nixon made it illegal and uh so anyway, the um uh you know when when they do that type of thing, um it'll be interesting to see how that would affect gold.
In that article, they thought that it would make gold go up.
And I didn't really understand how that mechanism would work, except for the fact that if you highly publicize the fact that uh, you know, hey, here's a new tr we found a trillion dollars here.
Uh, because um we bought gold and we held it for A long time.
I would imagine that would be a big PR factor for people pushing gold as um uh you know you want to do the same thing that the Treasury did, you know, just uh uh hold gold for a long period of time and you'll see the value go up as the dollar goes down.
The value of gold isn't changing, the value of the dollar is changing.
But um I I guess that would be the mechanism by which it would help gold.
I think uh this metric goes back to 2008, 2009, uh the GFC, the great financial crisis or the great um recession, whatever you want to call it, when they had TARP funds and the bailouts, and that was the first real quantitative easing experiment that we did.
The first real one that was out in the open and then just massive.
And after at that time, David, if you look at the metrics, zero percent gold ordering by central banks at that time.
Almost no central banks around the world were buying gold.
Now it's off the charts.
Yeah.
So if you if you throw in the term the great reset, this is the end of whatever 1971 started the going off the gold standard, the fiat experiment.
In my opinion and what I read, I think that we are reaching this point where they're gonna they're going to split the script.
And that's why a lot it's not just the United States that hasn't revalued their ounces of gold from $35 an ounce.
There's lots of countries around the world that never over $40 an ounce, they keep it there on the books that way.
And that's kind of a that's been a mystery.
Why don't revalue?
Why not show it on your books that way?
I think it's because this is an accumulation phase.
I think this is accumulation phase not only for gold, but for silver as well.
And it's I I can promise you, right?
And I but the being in the business with in two different states and being a national dealer, I'm a small dealer, but I'm national.
These the purchases from people are not happening in the way they were two years ago.
But we are seeing these massive price increases.
So a lot of this stuff's flowing to wholesalers, and then it's flowing up to central banks.
Or even with silver, it's flowing through into from dealers from the public.
The public's trading in their silver and it's going to institutions.
I'm seeing it.
I mean, we're just buying massive amounts of silver.
It's hard to keep up with.
My job has gotten really strange because uh even my crew was saying yesterday, they're like, we have to recheck our math because they're not used to these numbers.
They're like, that can't be right.
An ounce of what?
You know, they'll look at the price of a silver half dollar or a dime or something and say, well, that thing can't be right.
They'll run the math again, or they'll buy a ring and not to run the math again because it's not we stayed in this kind of stable price range.
If you recall, I mean, um, we were talking in 2022, David, about the Silicon uh Valley Bank failure, FTX, all that stuff.
And the price of gold is about sixteen hundred dollars an ounce.
So now we're nearing four thousand dollars an ounce, and um a lot of the things are beginning to crack, like Goldman, the Goldman Sachs uh intel, JP Morgan intel that I was reading this morning, they were saying that if if only one percent of private US treasury holders went into gold, the price would easily go to five thousand.
So that's just one percent of those who privately hold treasuries.
And the reason you hold treasuries is for the sort for the stability, you know, you uh especially when interest rates are a little bit higher.
So you hold it for the stability, and when that stability wanes, when you can't even remotely, you know, see the same value of a treasury, you know, maybe six months or a year from that date, then you look for something else.
Gold, it it fills that role.
Yeah.
And I think it there will be a move from treasuries.
Matter of fact, the the Chinese are they used to be the greatest buyer of U.S. treasuries, now they're the greatest seller.
Yeah.
So a lot of these metrics are being inverted, and I think that's why we're seeing these prices uh I think just beginning, by the way.
I don't a lot of I think regular people, they've lived through you know different busts and booms for metals, and we go back to the uh 2011 time frame where gold almost hit two thousand dollars an ounce, and then Ben Bernanke came out and quelled the markets and said there's no more QE and we're gonna do quantitative tightening and all the rest and that that really uh set prices back on metals, but we're not gonna see those days again.
I don't think that there's gonna be this big fall uh in pricing based off of market stability, because as you mentioned with the government shutdowns, with uh the bubble we're in bubbles for everywhere.
I mean, even AI is revolutionary, but it's a bubble.
And by the way, you need silver to run AI.
There's two different articles on Zero Hedge right now about silver seeing price increases because of the AI boom.
So lots of factors in there.
Yeah.
Yeah, it's uh I I don't understand the calculation of anybody that would be buying T-bills right now because when you look at it, even though the interest rates I think are are pretty high, six or seven percent.
Um, you know, look at inflation.
Um that that's not the when they're telling you what the inflation is, that's not the real number.
If you go to Shadow Facts, you will see that the inflation number is uh multiples of that, maybe two or three times what they're actually telling you the official rate is.
So even if you buy uh you get your money into CDs or get into treasury bills or something like that, it it's um it's not even going to keep up with inflation.
I remember back the early 80s, and uh my my dad was uh talking to my brother in law and they were talking about how they were uh transferring a lot of money into to CDs because interest rates relatively high at that time, and uh that was um a real interest rate, you know, compared to inflation at the time.
And uh I said uh yeah, I'm putting all my money in CDs as well when I held up the audio CDs because that's that's what I invested in was uh uh just consumer spending.
But they they were putting their money into a lot of retirees are putting their money into CDs and stuff, and it just you know it's gonna lose value because of the inflation and because of what is happening.
So uh I have um I have some customers, uh lady recently, she's had money in CDs, and this I think probably up until recently, she's probably a normal person who didn't look at the monetary system, and then with inflation, you know, if you're close to the central bank, if you're when the outflows happen and they you know a cut rate so they start pumping funds into the economy, you do really well because you can go out and buy those consumer goods or you can buy commodities or anything that haven't been repriced yet.
But the average person, that's when they get hurt, you know, because the money flows down, the prices increase, and they have the same amount of purchasing power, the same amount of earning power, and then everything went up, and that's inflation in a nutshell.
And the increase in the money supply increases pricing.
And so uh a lot of people, especially after 2020, that wouldn't have otherwise wouldn't have even asked these questions, it had just been normal.
They're coming in and and and buying.
And I think uh relatively cheap metal prices compared to what the damage that's actually been done uh to the dollar.
I think and and this is uh taking a long time to unravel, David, as we've been talking, we talk about this every week, but the massive amount of damage uh is only going to continue to drive these prices up.
Yeah, it's like an earthquake.
We've got a lot of fault lines in here, and you hope you're gonna have a lot of small earthquakes along the way.
One giant uh one, which could be what happens when NVIDIA and the AI bubble burst.
But then the other part of this, which makes this unique at this point in time, is what is happening with uh digital currency and things like that.
There's an article on Free Thought Project, the state just robbed an entire crypto exchange in broad daylight.
Um Canada, the uh uh Royal Canadian Mount of Police just uh targeted the largest crypto seizure in Canada's history, fifty-six million dollars.
They shut down Trade Ogre, a privacy focused exchange in the process.
And of course, we saw Canada do this with the uh truckers and the protesters of the COVID lockdown, but now they're doing it just because um you know they can, I guess.
And uh we've seen at the same time uh the what is it, eighty-six million accounts shut in Vietnam because people didn't add their biometric data to the account.
Thailand is doing the same thing as well.
They've already shut down over three million accounts, and they said it's going to continue to increase.
So everybody is moving to digital ID and digital cash.
And to me, that is uh that is gold's biggest advantage to me.
That's the the best game in town, gold and silver, is that you've got some physical money that is out of their digital system.
1,000 percent.
And and I by the way, I love Bitcoin.
I just rebranded my Texas location, Wise Wolf Gold Silver Bitcoin.
Love love that.
Love for its technology, but to it does it exists in the third dimension.
You can trade it and be outside of the system.
And Bitcoin can't do that.
Bitcoin, you can go from wallet to wallet and you never have to touch an exchange, and that's great.
But you're still on that's what the blockchain is.
It's a ledger forever.
But um, if I trade a gold coin with David Knight for uh advertising or something, who sees that?
It's just you and I. That's between you and I. That's money that we exchange.
We uh recognize value in whatever we pass between us and that's it.
And that's the way it's supposed to be.
It's you know Trade Ogre was a great platform.
I didn't know that um that that happened uh I'd follow trade over for a long time.
They just had no KYC.
You could go on there and take your Bitcoin, turn it into Ripple.
You could turn it into Ethereum.
You could turn in, you know, if you've got a pirate chain, you take pirate chain, you could cash it out.
But they didn't ever deal in with trade over.
They never dealt with fiat.
So there was no banks.
It was just crypto exchange.
And there was but there was no KYC from what I understand.
And I haven't seen in a few years.
Know your customer where they ID you very carefully and report to the government about that.
Yeah so well which is a huge I mean the the amount this is why in the space of crypto there is fewer and fewer smaller operators just like I was looking at I was like well maybe I should take um stable coin so I asked my compliance officer he's like you don't want to do that.
He's like it's it's $10,000 just to start and we have to get a license and I go just to deal in a coin that's supposed to be stable and I go this what's the you know which is a completely open source everything.
It's not like it's a privacy coin.
He's like no it's not worth it.
So I mean you you're exactly right.
I mean there's there's a digital revolution going on and you know I the I was on a show yesterday asked me about is this going to be complete surveillance I said well if we allow it yeah yeah I think the fight's still on for that I mean I don't the the battle isn't over yet but it's what happens in the uh UK I mean you know they're they're uh up against it but of course the Swiss of all places you know they always valued privacy they just voted in a referendum the citizens voted to have a digital ID.
Now they promised them that it won't be mandatory for now right and we know exactly how that's going to work.
But getting back to what we were just talking about in terms of the visibility on the blockchain that's the thing that bothers me it's not only that you're visible to government because the government can find out with all the know your customer rules and all the rest of the stuff there's a lot of visibility with anything like that.
But with um the crypto that is not uh hidden and in this um free thought project article they talk a lot about Xano which is a privacy coin um we have some anonymity of these transactions.
However, on Bitcoin, you are visible to everybody.
And so there's private crooks out there, not just the government crooks who can steal from you.
And we have seen that in the past.
I was surprised at some billionaire who had nearly a million dollars, it was $900 and some thousand dollars stolen from him.
He didn't even know it.
And some guy contacted him and figured out that it was him.
And he was looking at large transactions that happened.
And here's this whale-like transaction.
And he works out who this guy is.
So the thief saw the transaction, saw the amounts of money that were there, and stole it from him.
And then another person was able to look at this and figure out who it was that had that account and contacted him.
And the guy says, you're right, they stole a million dollars from me.
So that's always been a concern to me when I look at that.
It's not like I'm going to be a target because I don't have that kind of money to put into it by a long shot.
but it could happen to anybody Oh of course it can and that's Bitcoin you know people mistake that for you know I remember talking to DHS agents uh that came by my shop back in 2019 or so and they're like that's money laundering and illegal activity I'm like well that's a really dumb thing to do I mean it's right there on the blockchain.
I mean I don't I always looked at Bitcoin as uh this is like an open source digital money or a store of value um I wouldn't necessarily consider it private you're supposed to be able to I mean with I mean technically you could keep your wallet private forever as long as you know your your key that's why so many millions of bitcoins are lost uh because you can't get into those wallets because of the system design it's not necessarily private.
I mean the ultimate privacy coin is a one ounce silver round that's the ultimate privacy coin.
Yeah or a tenth ounce gold piece um it's ultimate ultimate privacy that's it's just between you and uh and whoever you're trading with and that stores that value for you forever.
And you can still with if you know a good local shop or if you're listening to me, you can always deal with me or send it to me.
But uh you know gold and silver are very liquid.
So you you could if you had if you kept your savings in gold or silver and you cashed out the local shop, um that that's between you and cash usually.
I mean still we still have cash.
There's a lot of things on the horizon that are going to be more punitive and you know they're gonna be looking into transactions and all that stuff and I'll have to keep up with it.
But for right now, uh you can trade in and out of gold and silver and and uh you don't even need a bank.
Yeah.
That's right.
For most things.
Well and that's what's happening in Thailand.
People are panicking.
They're trying to get cash there because they can see the handwriting on the wall.
You know, um in Vietnam they just the it just all happened all at once.
86 million accounts gone.
But you know, three million accounts gone, that's a pretty big thing.
And they're boasting that that's just the beginning of it.
So um yeah when you look at these things uh uh crypto's not a real coin and you notice that they always will put Bitcoin out there they'll make it like a gold coin like a physical gold coin with a bitcoin symbol on it but uh it's not it's not a coin and it's not encrypted the transaction will have some encryption on it to process that but the ownership of the blockchain is not encrypted.
It's all public that is out there.
So uh and of course the stable coins are not stable if they're tied to a fiat currency they should call them uh fiat coin or something like that.
But uh anyway it's um gold they're looking at six percent higher by the second quarter that's Goldman Sachs.
I think that's a very conservative uh estimate I think uh what do you think?
I think it's conservative too.
Uh they haven't kept up a lot of these analysts haven't kept pace with these all time highs.
If they they were they'd be predicting the all time highs they never actually do.
They get they get close but they're a conservative and they're they're based off of I think there's an ignorance in the analysts uh that look at all these the financial outcomes I think there's an ignorance there about fiat currency and there's an ignorance about geopolitics.
And those two things the geopolitics that are happening right now, the shifts in power the loss of uh dollar dominance all that should be uh factored in it's not because they're institutionalized or then it comes to the establishment and there's just this normalcy bias.
So I think those are those are conservative figures.
I think four th I mean we're we just crossed thirty nine hundred dollars an ounce do you think that four thousand dollar an ounce gold is you know it's it's way out there the future I don't think so just one little push.
Yeah they're saying second quarter of next year and and look at how much it's gone up in just the last couple of years uh a couple of weeks it really got right really close to thirty nine hundred in it.
It's high thirty eight was it thirty eight eighty something I think or something.
It crossed over I think it won I mean it crossed in the thirty nine hundred temporary like a one one trade like it was it's real close.
So we we're in that territory but we're right there.
And uh I don't think that that uh this is a this is a fantasy or some far off thing.
As a matter of fact, um you know silver's all time high um it's gonna be broken soon.
It's fifty two dollars and fifty cents an ounce.
I mean we're right there.
Yeah.
So uh you know within let's see what spot prices um last time I did this the spot price uh website yelled at me remember when I was on when the the the can the computer started telling me that I can't go to this website.
Yes, so it's just under, it's 46 and a half right now, and there might be some profit-taking or something, but we're right there on the cusp of breaking another all-time high for silver, but that's been 45 years in the making, so.
Wow, wow.
Trumpberger says, Tony, tell us about your perspective on the gold-to-silver ratio.
It's a scam, or at least it's a phantom.
I don't know how you would put that.
it's an aberration put it that way.
Um historically it's been 10 to 20 to one and that's the way it's always been in the United States was founded with a 16 to one uh 16 ounces of silver to make one ounce of gold in the ratio and that stayed that way until 1933 uh when Franklin Roosevelt uh did the big uh financial heist to have your gold turned in so they could give it to the Bank of International Settlements and then raise the price.
Did he do that to silver or was it just gold?
Because I never hear anybody talking about uh silver.
Did he not do that to silver as well?
He didn't do that to silver well they reset the the gold price.
It was twenty dollars and uh I think twenty twenty fifty an ounce I believe at the time when he took it over and uh and then had the gold turned in.
As soon as they turned it in, him and Harry Hopkins raised the uh which is the banker's agent who lived with him in the White House.
They uh they raised the price to $35 an ounce, but by that time, you know, you you couldn't own gold.
It was technically illegal.
They never really did anything with the price of silver.
Um, but it started to change, you know, over time, especially that they made the last silver dollar, David, was in 1935, and that was the the peace dollar.
You don't actually see very many of the 35s, you see a lot of the uh 1920s era peace dollars.
Those were made in 1921 to commemorate the uh the end of World War One.
But you know, that was the last silver dollar that the United States ever ran.
And um course uh John F. Kennedy had that uh famous uh executive order trying to reset silver as a monetary metal uh and run it directly through the second treasury notes, and you can still see those those silver certificates that were running during that that era.
But no, we we just I everything got really skewed because of markets and paper and all the rest of that.
And I think the true value of silver started to come through in the late 1970s with the Hunt family and the the gold silver ratio.
I mean, if I could run the I should I have a calculator on my desk, but it was like eight hundred dollars an ounce.
Well, you know, back in nineteen seventy-nine, end of seventy-nine, it was eight hundred, uh say eight fifty, and divide that by fifty-two.
So there's sixteen.
Right.
So that was so that's why they put that down.
Okay.
There was the uh a reset, and that was starting to show the weakness in the dollar.
So the Hunt family, you know, they drove that that price of silver up to fifty-two dollars and fifty cents an ounce.
And everything after that got put down.
They raised interest rates to the teens and drove people back into the markets, and that's where you had like the culture of Wall Street and Gordon Gecko and all that stuff, Reaganomics, uh Art Laffer and the trickle down and all that stuff.
And it really just it quelled it for a while, but now we're seeing and I think all of this is getting uh out of out of their control at this point.
I mean, just they've always suppressed the price of gold.
Uh Stuart Angler wrote uh the book on that called Rigged, and I've had him on my show.
He actually runs like a foundation to expose this uh and uh the price of gold being suppressed uh by central by the the central bank by the Federal Reserve and uh and governments.
And I just think it's out of their control now.
So the gold silver ratio, that's a long way to explain it.
The gold silver ratio is uh supposed to be somewhere around twenty to one and not eighty uh one time I think it was eighty-eight last time I was on.
And it's but that's something that's also I've been watching, and it's dropping.
So there's you know, it takes less and less silver to make an ounce of gold.
And that's the thing.
Silver is starting to catch up to the gold, yeah.
Correct.
Yeah, it was like 81.
So it one time the first quarter of 2020, I I tracked it once.
It was 125.
It's 125 ounces of silver to make one ounce of gold.
I'm like, this is insane.
That doesn't that's not even remotely uh true or possible or reflect reality.
But when the when the Russian government got in to putting silver on as strategic strategic reserve asset, and then you add in that and you add in the AI boom and all the rest of that and the need for silver or the military industrial complex, I think there's a whole host of reasons pushing silver, and uh we're gonna see an all-time high.
Um a new all-time high again pretty soon.
Steve says you need silver for bombs also, not just AI.
So it's a lot of bad stuff.
Uh you also need it for health sometimes, I guess.
But uh Nice of the Storm had uh comment like you're talking about how they're pushing everybody into uh the stock market and everything.
He said devaluating the dollar forces people to invest in order to keep up with inflation and to feed the market.
And I think that's true even of uh housing market as well, because that was I remember when inflation was going so big, um at that point in time we didn't have the um the artificially inflated cost of building because of regulation and things like that.
So you could still pull it together uh and you could see that that you know and afford to buy a house, but you could see that the price of real estate was going up very, very rapidly because it was the dollar that was falling at the time.
So, you know, they force people into real estate, they force people in the stock market uh with a devaluation of the dollar.
And of course that allows them to pay back the money that the government has borrowed uh with um uh more easily uh called monetizing the debt.
So there's a lot of reasons that they destroy the value of the dollar for their own good and uh for their own personal interests that are there.
Um so uh Knights of Storm also says with an IRA or four or one you get taxed on your grant your gains and not so with metal.
Uh speak to that well if you've got especially if you've got um you know tax shelter of gold and silver IRA are always a good thing to have um first you get the deduction of putting the IRA deposits in and then you get to house the value with metal as long as you leave it in there and wait for you have to go around the compliance and all the stuff of maturity of it.
But those are your medals and we do those in gold and silver IRAs and I think they're uh a great way to save and plus they're not in the banking system.
They're not tied to uh corporations that are tied to the FDIC or anything like that.
It's just you know you have to keep it in a in a third party vault but uh those aren't banks.
Those are they do what they're do.
That's the only the only thing the only function they have is uh is housing gold and silver and and uh keeping up compliance with IRA so that's a good way to go.
So if you take it out of one of those storage places um I I know you work with uh the new direction I think when when you take it out do they um even if they ship you the physical gold and silver that's there, do they still report that I I'm assuming to uh the government as withdrawal of an IRA and do they evaluate that as uh at the the current value or do we get to evaluate do we get to evaluate that at where the Treasury's got their gold uh set what yeah I wanna I identify
as uh someone who lives prior to nineteen seventy one.
Yeah there's uh there's always a little bit of compliance there you have to they'll what they track though is interesting with um with the IRAs is they just track ounces and spot so you know maybe if you bought something that maybe you bought some trade like some collectibles that were bullion.
You can only buy bullion by the way but if you got let's say you got American Eagles that were graded MS 70 and they've got another you know two hundred dollar an ounce value or something or American buffaloes they're not gonna track that value they're only gonna track the spot.
So whatever ounce into the spot and even the same thing with with fractional gold.
You know fractional gold has a premium but they're only going to track the spot.
So you know technically that's what is in the IRA they go ounce to spot and then whenever you withdraw they're just gonna send you those medals and it will show a withdrawal of that dollar amount.
That's interesting.
Yeah.
Well uh it's a it's a much better way especially when the dollar is devaluating so quickly.
Uh it's amazing.
So uh the comment from uh Steve says gold and silver I hold it but beyond barter we will have to convert to fiat or to stable coins is this question.
Yeah it all depends on how this all rolls out.
I mean I can imagine if there's a real chaotic situation that people would start um accepting the gold but they have to have some way to verify that.
I mean that's a that's an issue as some states have been flirting with uh allowing gold as legal tender then the question becomes how does the merchant or the person who is accepting the exchange the payment how do you how do you evaluate uh that this is real because you know you have to do that when you uh buy gold and silver from people.
I guess that's all bit of a technical issue.
Yeah.
Yeah.
It gets really complicated.
I think what you'd have to do is uh have somebody like me be kind of an it like you like you would close a real estate transaction at a title company or something like that.
You would have a little bit of guidance.
I think that would be the best way, especially if you know if you were gonna say I'm gonna you know use gold to buy this house.
Okay, well somebody has to figure out the valuation and it has to be put into some sort of uh you know liquid form in order to fund this through a bank or whatever.
There would there it's not going to be easy to do that, but it's going to be, I think, um, in these states that have done this, I think it's opens up a lot of opportunities and it's great for people.
Yeah.
Because they can start thinking in terms of holding real money.
Mm-hmm.
And that's that's the first step in freedom.
I think is having real money and the peace of mind that you have that's like, okay, the the bank closed, or there's something wrong, or they're freezing accounts or whatever, or you know, they got negative interest rates, and I have to pay them to keep my funds in the account.
Um, I don't have that problem because I've got I've got gold or silver physical, you know, I've got that.
And you're gonna like you said it's gonna open up some opportunities because you're gonna have to have some uh third party that's out there that's gonna make sure that this just isn't gold paint or something, right?
So it's easy to do.
There's some real we uh I just recently went to a coin show the the world's fair money in um Oklahoma City.
And I bought two new um testing devices that were like a little a lot more sophisticated than what I had.
And uh like it'll actually measure they showed me some of the new fakes that are out there, and they're really good.
I mean, they look exactly, they weigh exactly.
And then I you know, there's something about 'em that they uh you can I mean if you if you have an eye for it, you can tell there's something off about it, but it looks so good, so so real.
So even silver eagles or maple leafs and stuff.
And the wood the new testing devices that I have will actually show you how large the coin's supposed to be.
Not just it, it yeah, also X-rays it, but it shows you, okay.
Well, this is supposed to be, this is supposed to be the diameter of it.
If it's not this in this diameter, then it's the because you know, gold and silver are dense metals, mm-hmm.
And they have, you know, you can't it's hard to fake them as far as the size, but they they don't have a good fake.
So they would you know, the the general public's not ready for that.
Not ready for all the fakes that could be used, so like the average merchant would have to use somebody.
You know, there'd have to be something in some way to uh facilitate that.
Yeah, I had somebody uh when we had our retail stores of the video store, somebody wrote us a uh cashiers check, and they had gone through and done like the little dots of the cashier check thing would do.
And uh it was amazing.
The bank caught it, but even after I got back the fraudulent thing, I really couldn't tell looking at it.
Uh so yeah, that that that's something that you run across certainly with uh paper money.
Of course, the government itself is the biggest counterfeiter that's out there.
But uh uh assuming that uh you say that just because the government prints it that it's real, uh other people can print it as well.
That's what they call uh counterfeit.
But um uh guard goldsmith of Liberty Conspiracy says, I want the silver back.
What's the status of that?
Have you got silverbacks now?
Are you still?
I'm working on it.
I actually met some um they they don't make a lot of them, and that's such a great I wish I had the equipment and I would do it myself.
It w we'd have wolfbacks or something, we would make them.
I mean that that's just silver and a note, you know.
Uh it's kind of like the gold backs are, but silverbacks would be uh really cool.
There's just not a lot of manufacturing of them.
Uh but we will get them soon enough.
I promise they will the price of silver will the people will make silverbacks.
Oh, yeah.
I promise you.
Uh got a comment here from North American House Depot.
My favorite Bitcoin robbery was when Max Kaiser held a paper voucher linking to his own account on his RT show.
A viewer scanned the sheet screen rather and swept his funds.
Wow.
It's pretty amazing.
I didn't know not heard that.
I didn't know I didn't hear that either.
Yeah.
Oh, that's uh wow.
Guard Goldsmith says, like I said, when I joined Wolfpack, I got silver at twenty-four per ounce.
The metals retain their value and demand is rising.
That's right.
And everybody, like I said, everybody realizes that it is the go-to place when things get chaotic and crazy.
And uh they're gonna continue to be chaotic and crazy with Trump there.
It's one of the reasons why I think Gerald Smith says Trump is always really, really good for gold.
He's he's bad for stability, but he's really good for gold.
Well, that's exactly right.
I mean, we uh the first Trump presidency gold broke its all-time high for the first time since uh two thousand and eleven.
I was on air, I was hosting your show in Austin when that happened.
And I thought, wow, we broke two thousand.
What a day.
You know, I thought that was big deal.
Uh no, we almost doubled it.
Uh since then it's only been uh about five years.
So, you know, that's um I think that's indicative of of the chaos.
The Markets love certainty.
We don't give them certainty, they they start to go haywire.
And there's just not a lot of value in what we've built as far as the infrastructure of business in this country with supply chains and small business being uh you said they were not essential and all the stuff that happened to us in in 2020 during the lockdowns, that still hasn't recovered.
So real equity, it's hard to find real equity, real value, and I think that's what people are searching for.
And you know, the the default is gonna be metals.
Yes.
Uh Syrian Gold says, so when the criminal government tells us next time that we can't hold go own gold, what is to stop them from confiscating everything in those custodial houses and giving us a few digital coins for them?
Well, I I think you know, most of the people are going to be holding the coins in their own custody.
The people who had IRAs and other things like that, if the government goes out there and starts messing with um IRAs and and things like that, that's going to generate, I think, a lot of pushback.
Uh they've been reluctant to do that.
As a matter of fact, you've got an IRA and somebody declares bankruptcy.
I know from personal experience as a creditor uh in a situation where somebody did that, uh, you can't touch their retirement funds.
So I don't know.
I mean, you know, yeah, the government can uh basically and will do whatever it wishes at any point in time, but uh that is always uh always a concern.
They can confiscate anything that they want.
The the thing I keep telling people is that you know, when you look at uh what FDR did, he didn't get everybody's gold.
And when you look at what's been happening with the drug war for fifty some odd years, it looks like just because they prohibit something, they don't necessarily control it.
I would say that that's a good indicator that uh, you know, if they do prohibition that that there's gonna be a black market, and um I can imagine that a black market and gold would be something that would be even harder for them to crack down on because you know, when people um when there's a a willing buyer and a willing seller, uh it's also um even you know law enforcement other people kind of look the other way with this because like this is not harming anybody.
I mean, you can try to you can make a case that drugs are harming people because they are, but um you still have a willing buyer and seller, and so that's one of the reasons why it's been so difficult for them to stop drug use and prostitution and other things like that, even though they do carry harms with them.
But uh with gold, you gotta say, you know, gold or silver, what is the harm of people having this?
I mean, once they take the mask off and they go that level, uh that is a new escalation, I think, for the government.
What do you think?
Well, I I think it would be a new escalation, and uh it's funny.
I wear on my, I don't know if I've showed this before, uh I have a 1979 Soviet gold coin that my son bought but from a from the uh a person here at the shop in Branson and gave it to me for Christmas.
Still got the hammer and sickle on it.
And it's a nice year I was born, it's a 1979 gold coin.
And what's funny about that, it's made by the Soviet government in in response to what was happening in the United States with the rise in gold prices, and uh, you know, they're a gold-rich country, uh the Soviet Union or Russia, and um there was a response to what happened to the dollar, and they made these gold coins.
And I think that's interesting because the the coin out lasted the government of the Soviet Union.
And that's I've got this coin to remind myself of that, and I think it's uh it's a neat token from that timeline.
But no, you're right.
Um that would be a bridge too far.
They would first of all, FDR made it illegal for you to own gold, but it there wasn't like this mass confiscation.
And how I know this is because people sell me pre-1933 gold coins all the time.
So somebody kept the gold, you know.
Um and and the hardest money wins.
I think um gold and silver will be a lot more attractive in the coming years um because we were fine for a good while.
I mean, the dollar held up as a stable uh medium of exchange, and now that's going away.
So it you know, gold and s and silver and and perhaps even things like Bitcoin will replace um I can imagine Bernie Madoff say you saying that about his Ponzi schemes.
We were fine for a while.
Everything was going really well.
Yeah, that's that's fine for a while until it's not, you know.
That's the thing is well it it's really about perception.
I mean, it's like you uh it was kind of like Indiana Jones when he switches the bag of sand for the for the relic, you know, and then he thinks everything's okay, then the ball I think that's Really more like what happened in 1971.
It's like it starts the ball rolling.
And uh you seem like you're you're gonna escape it for a while, but eventually, you know, it's gonna get you, and I think um that's where we are.
Yes.
People will start.
There's gonna be all sorts of things happening with the it's a revolution of money.
It's a revolution of the monetary system.
So I'm gonna go to the next one.
Yes, always think about the quote from H.O. Meakin, who had libertarian leanings, and he said, you know, when they did that with uh alcohol prohibition, gold prohibition, he goes.
So last year, if I had uh gold coin and a flask of uh whiskey in my pocket, the whiskey was illegal and the gold was legal.
Now this year, the whiskey is legal and the gold is illegal, it's just the arbitrary nature of government you know coming in there.
A comment from North American House Hippo, and thank you for the tip.
He says last week Tony was right about the Bank of Canada having zero gold.
However, the Canada Pension Plan, their equivalent of Social Security, holds over 500 billion in private equities, half of them in the U.S. So there you go.
They don't have any gold, but they're in the stock market.
That might not work out too well.
Uh I don't think it's gonna go well.
They just sold a last year, they sold a uh a high rise in New York for a dollar.
Uh that was the can't the Canada Canadian pension fund because the real estate prices and office rents were down, and they just basically just uh removed it for the debt and just walked away.
Wow.
Wow.
Yeah, Trudeau and those guys are geniuses, aren't they?
Well, anything else.
Yeah.
That's right, because they can do whatever they want, and uh they don't have to uh be accountable to anybody for it.
Anything you want to tell us about what's going on at uh Wolfpack?
Well, all these stuff going on.
Uh David Knight.gold, and and we've got deals on silver, you can get in touch with us.
I've got uh I bought 250 uh Morgan silver dollars yesterday.
I give a great price on.
They're they're at the Texas location, so if you want to get a piece of Americana, I've got those.
I've got uh lots of uh silver rounds and other things, and it's just really easy to use Wolfpack.
I've made it really if you want to do a one-time purchase.
I've it the we added the 750 level, which might be out of some people's price range, but especially for a one-time, you can go on there and select one time on the Sigma Wolf, and then you can choose gold, silver, or mix.
And we'll write a we'll write a detailed invoice for any of those three options.
So just at that one purchase price level, if you got you know a little bit of savings, you want to turn them into medals.
That's an easy way, or just on down to the $50 level.
We uh we're still putting gold backs in the in the lone wolves.
So I'm working on the infrastructure of that right now.
It just seems like uh it seems slow, but I'm actually working fast.
Just slow results.
Well, it's always great to have you on, and you're gonna be following the show today at uh when the show ends at noon.
You've got a show that picks up.
Tell us a little bit about that where people can find you.
Arterburn radio transmission.
That's um that's a show I've been doing since 2018, and parapolitics and precious metals, and we we go an hour, we're live on WWCR and uh worldwide Christian radio, and we've got YouTube and from my at Tony Arterburn Twitter, Rex at Tony Arterburn and the America Unplugged channel over on Rumble.
Come come join us.
I'm gonna see what I find interesting in the next 30 minutes.
That's great.
Okay, well, thank you so much, Tony.
Always great to have you on, and thank you for your support of the show.
People, you can get to Tony through davidknight.gold that he has set up.
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.
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