Bitcoin expert, gold bug and comic Dominic Frisby returns to the show to talk to James about - what else? - gold, crypto and comedy. Frisby explains why the price of gold is rocketing, warns of the confiscatory measures that are bound to be coming our way, and tries to persuade a sceptical James that the US is the best bolthole destination. They also talk about Frisby’s amazing success with his 5/2 diet (five days eating, two fasting) and about Dom’s Christian faith. James teases Dom cruelly about his latent Normie tendencies.Dom’s newsletter the Flying Frisby is a must-read for goldbugs:https://www.theflyingfrisby.comhttps://www.designmynight.com/london/bars/bethnal-green/backyard-comedy-club/dominic-frisby-the-mid-year-reviewhttps://www.frisbys.news/p/get-your-lols-lined-up-where-to-see↓ If you need silver and gold bullion - and who wouldn't in these dark times? - then the place to go is The Pure Gold Company. Either they can deliver worldwide to your door - or store it for you in vaults in London and Zurich. You even use it for your pension. Cash out of gold whenever you like: liquidate within 24 hours. https://bit.ly/James-Delingpole-Gold
↓ ↓ How environmentalists are killing the planet, destroying the economy and stealing your children's future.
In Watermelons, an updated edition of his ground-breaking 2011 book, JD tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming’.This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original’s sunny optimism and provide new insights into the diabolical nature of the climate alarmists’ sinister master plan.Purchase Watermelons by James Delingpole here: https://jamesdelingpole.co.uk/Shop/↓ ↓ ↓
Buy James a Coffee at:https://www.buymeacoffee.com/jamesdelingpole
The official website of James Delingpole:https://jamesdelingpole.co.uk
x
There is no evidence whatsoever that man-made climate change is a problem, that it's going to kill us, that we need to amend our lifestyle in order to deal with it.
It's a non-existent problem.
But how do you explain this stuff to your normy friends?
Well, I've just brought out the revised edition of my 2012 classic book, Watermelons, which captures the story of how some really nasty people decided to invent the global warming scare in order to fleece you, to take away your freedoms, to take away your land.
It's a shocking story.
I wrote it, as I say, in 2011 actually, the first edition came out.
And it's a snapshot of a particular era.
The era when the people behind the climate change scan got caught red-handed.
Tinkering with the data, torturing till it screamed in a scandal that I helped christen Climategate.
So I give you the background to the skullduggery that went on in these seats of learning where these supposed experts were informing us, we've got to act now.
I rumbled their scan.
I then asked the question, OK, if it is a scan, who's doing this and why?
It's a good story.
I've kept the original book pretty much as is, but I've written two new chapters, one at the beginning and one at the end, explaining how...
how it's even worse than we thought.
I think it still stands up.
I think it's a good read.
Obviously I'm biased but I'd recommend it you can buy it from jamesdelingpole.co.uk forward slash shop you'll probably find that one just go to my website and look for it jamesdelingpole.co.uk and I hope it helps keep you informed and gives you the material you need to bring round all those people who are still persuaded that oh it's a disaster we must amend our ways and appease the gods appease mother god there we go it's
a scam Welcome to the Delling Pod with me, James Dellingpool.
And I know I always say I'm excited about this week's special guest, but before we meet him, let's have a word from one of our sponsors.
Have you seen what the price of gold has been doing recently?
It's been going bonkers.
And I hate to say I told you so.
but I did kind of tell you so.
But if it's any consolation, even though I do have some gold and bought some a while back, I didn't buy nearly enough.
It's like when you go to the casino and you win on 36 and you only put down a five and you think why didn't I put down 50?
If you've got that feeling that you haven't got enough gold or if you haven't got any gold and you really feel you ought to get some the place to go is the pure gold company.
They sell gold bullion and silver bullion in the form of coins or in the form of bars which you can either store in London or in Switzerland or you can have it delivered to your own home if you can work out where to store the stuff.
I think that gold, what do I know?
I mean, I'm no expert, but I've been right so far.
I think gold and silver right now are an essential, maybe even more so silver, actually, because silver, I think, has yet to take off.
Just my opinion.
I'm not a financial advisor.
I reckon that it's worth holding both of them at the moment.
And you don't want them, of course, you don't want to buy paper gold.
You don't want to buy paper silver.
You don't want to buy ETFs.
You want to buy the actual physical thing.
Go to the pure gold company and you will be put in touch with one of their advisers and they will talk you through the process which you want to do whether you want to have it in bullion or in coins I mean the advantages to having having coins because coins are considered,
well, Britannia is anywhere, considered legal tender, which means that you don't pay tax, weirdly this, but even my accountant didn't know this, you don't pay tax at the moment on your profits.
Go to the Pure Gold Company.
They will talk you through all these things.
And follow the link.
Follow the link below this podcast, and it will give you all the details.
Go to the Pure Gold Company, and they will give you what you need, be it gold or silver.
Do it before it goes up even more.
I think you'd be mad not to.
Well, we have much to talk about, Mr. Dominic Frisbee.
We do.
Do you realize, I know I always say this to you, but you are, you've been on this podcast more times than any other special guest.
The guest has been on more than you, but the guest is Dig.
But because you go back to the days when I was a normie, and you are the only survivor from that era.
Is Tommy Robinson a normie?
Yes, totally.
He's not coming on your podcast anymore.
I wouldn't have him on.
He's run by Israel.
That's the problem.
He's a, I suppose you'd call him a change agent.
For example, I don't know whether you're aware of this, but it's kind of, the, the windows doing funny thing Your garden looks beautiful in the background, James.
Sorry?
I said your garden looks beautiful in the background.
Well, it does it, though, actually.
This is a very bad time of year for gardeners.
I'd say the best time of year for gardens is about May, when you get all the irises and stuff, when you get a reasonable amount of rain.
then you get something called the june gap and then you get sort of some summer flowers in july but by august everything's looking a bit a bit sad yeah and it's hot and dry but i can see some yellow flowers and some red yellow over your shoulder and they're sort of the the glass has made them go slightly glowy and so it looks very nice even if it's not nice in your view they they do look nice and and i i agree they they cheer me up we did actually we have been wondering what to do with
that border and we had this this gardener around you know a sort of posh gardener who does posh people's gardens and we said we'd like this border which is low maintenance because we just haven't got time and what do you recommend and he said why don't you plant it the whole thing with this rare form of um of lavender and have some rosemary so the whole thing would be just a wall of
lavender and a wall of rosemary i thought that would be really cool you'd have well, too much lavender can be a problem, but you do attract the butterflies.
And I gather that by having lavender, you not only do you attract the butterflies but you detract other unwanted insects oh okay there's a gardening tip tip tip from somebody else but yeah i don't think people uh are listening to us for our gardening insights no possibly not i was going to tell you about about the tommy robinson thing so i you're probably aware of this being let me let me be polite you're a semi-normy um yeah you were very like when nobody else would talk to tommy robinson
you used to interview him all the time and you know i discovered him through you and you're going to tell me i'm a normy or something else but i think he's a hero and were it not for you interviewing him i wouldn't know about him him.
Yes.
I probably contributed to the creation of Agent Robinson.
So the function of Tommy Robinson right now, the powers that be the deep state or whatever is currently very, very keen to engineer some riots.
And you know this because if you read the newspapers, you will see every other story is talking about this simmering tension and commentary out are talking about it.
There's going to be a revolution.
It's everywhere.
What they're doing.
I'll tell you an observation.
I just said this casually to my son yesterday.
And we were talking about, you know, this very subject, are there going to be riots?
And I said, well, you've got one more week to do it because the football season starts next week.
And if you look at when there have been riots in the past, they're never after the football season starts.
Oh, interesting.
Yeah, they're always in August before that major distraction.
So now you've narrowed down the window of opportunity.
So the reason that they want...
riots, and if they don't get them, they'll fake them.
But probably what they would do is there would be a false flag, possibly a major false flag, a horrible incident in which somebody or other, maybe Hamas is blamed or something like that.
This is what Gareth Icke was saying.
I mean, I don't necessarily agree with what the Ikes say about that a lot, but he's definitely onto something there, that there will be some kind of incident.
because what they want is all these migrant hostels, all the stuff about immigration, all this ongoing thing about Palestine action and stuff, is designed to divide the populace into raging camps, each wanting to have a go at one another.
And then they'll get their rights, and then they'll introduce stricter legislation and clampdown, which is what they're heading for.
So everyone who's awake knows this.
I mean, I accept that divide...
divide and conquer is a long proven and effective tactic but i actually think one of the reasons that that um society is so divided and everything's black or white is that So many people are getting their news and getting their worldview through social media.
And social media is largely designed by people who are somewhere on the autistic spectrum.
And autistic people tend to see the world in a very black and white, uncompromising way with very little nuance or grey.
And that worldview is being imposed on the rest of us because, as I say, we're looking at the world through the prism of social media.
That's my rosé explanation, James, and you're going to tell me why I'm a sucker and a fool for thinking that.
Yeah, you are.
But that doesn't mean we don't love you.
Funnily enough, that's my next piece I'm going to write.
It's called something like, why I no longer talk to normies.
Because normies will try and norm-splain why there's a perfectly rational explanation for all this going on.
I'm just explaining.
That's funny.
You just, you really haven't a clue.
It's about, it's like one of those, like, it's like a child trying to, you know, those boxes that one-year-olds have where they try and fit the square into the, and the round thing into the round hole.
And it's a bit like a child like that trying to explain to you how the world works.
And you're going, yeah, but you're really the kid.
You really, you really haven't a clue.
I'm not going to.
Okay, so you might be right, James.
Let's not, like the last podcast, we descended into a sort of a minor tiff, a lover's tiff.
And a number of people contacted me afterwards and said how entertaining they found it.
But maybe we'll end up doing that today.
I don't, no, I don't like blood sports.
It wasn't blood sports.
We were just sort of, you know, because you were saying I had to have an opinion about the moon landings and the 9-11 and all of this.
And I was saying I don't have an opinion.
And you wouldn't accept the fact that I didn't have an opinion.
And I think it sort of went from there.
Maybe that's how you characterize.
the debate.
I think I do.
Yeah, that's my version of the story for sure.
Yeah, exactly.
I probably disagree with you.
Of course you do.
Before we go on to the important part of this podcast, which is plugging Dom's latest book, yeah.
I'm going to call you Stachinoff.
You're prodigious work rate.
You're always churning out stuff.
You are driven.
I am driven and I produce a lot.
I am productive.
Yeah.
Why are you so driven?
Is it from your dad?
i think it's because i went to a very competitive public school yeah and a lot of people from my school have gone on to be incredibly successful and incredibly rich and i feel the need to achieve similar levels of success otherwise I feel inadequate and so that sort of drives me on and on to keep producing material.
material
what if i would say to you now i can make you as rich as your i don't know that was your for your classmate but somebody who was at school with you um there was a guy in my year who was like you know he's like a partner in goldman sachs and george osborne was in the year below me and that's what i was referring to george osborne so george osborne has has got these since since since he left being chancellor of the exchequer has got these
extraordinarily lucrative gigs where he gets 500 000 a year for one day a week working for black rock or big satan or something.
What I was going to ask is, would you if you could be as rich as as as as as George Osborne, would you do the things that he's had to do to be as rich?
No, and I don't think he is that rich.
He's probably like he's richer than you.
He's probably worth 20, 30 million something like that.
That's quite I mean, that is that is rich.
Unless you're worth 30 million, are you?
I'm not going to say what I'm worth, but like that he's not like you know hundreds of millions rich.
I think Nick Clegg might be by the way, because I think he took a big payoff when he left Facebook, but oh yeah, yeah, sure.
Oh, yeah, of course.
The connection between, as you know, the connection between money and merit is, is non-existent.
The people who get that rich don't do so by being genius entrepreneurs or whatever.
Elon Musk, for example, did not get to be Elon Musk rich by being just really, really next level clever.
He got there by being bloodlines.
And competitive and hardworking and ruthless.
Yeah.
And not just doing various other things.
No, he didn't.
No, he didn't.
I will say, James, I'm going to give you, I'm going to cut you some slack and say two things, two words of praise to you.
The first thing is throughout your life, one thing I've noticed throughout your life, for as long as I've noticed you and known you, which would be since, I guess, sometime in the noughts, I first discovered you, you have always been early.
And in terms of your own personal success, you know, in fact, anybody's, it's often a mistake to be early to a thing because, you know, the idea still isn't accepted or mainstream.
So, you know, and Toby Robinson's mistake, if you don't buy the fact that he's an agent of Israel, is that he too was early onto some of the things that he said.
So I think, you know, a lot of the time you are early, so it may end up proving that you're right.
And then when I you were giving that explanation of, you know, normie explanation, normsplaining, when you know, once you see money and the way the money and banking work and fiat money, once you hit.
And then you start hearing economists start using economic language to explain this or that happening in the economy.
You're once you're a sort of golden seal or golden Bitcoin buff.
And you sort of again, you just dismiss those explanations because you just see the world through a different lens.
And obviously the lens, we all think the lens that we see the world through is the right lens.
But, you know, it's all at the end of the day, it's all our own little story.
Well, this is why I call you a semi-normie because because you being a gold bug and being a what's the equivalent phrase for a gold bug?
a crypto i guess bitcoin bug is the phrase i use but bitcoin bug yeah you're you're you're with a lot of us down the rabbit hole at least on on that one um you know shall i tell you a story please i think you'll like i was um i went to this sounds like a massive name drop and I don't intend it to be, but I went to a party once at Michael Saylor's house.
You know who Michael Saylor is?
I've heard of him.
He's a big Bitcoiner and he's the most eloquent guy about Bitcoin.
And you probably remember when I read my, wrote my book on Bitcoin, I spent ages discussing who Satoshi Nakamoto is.
And I want, when I wrote it, I wanted to be the guy who cracked the mystery of who Satoshi Nakamoto is.
And I must have dedicated 70 or 80 pages to it.
And I, you know, read every word he wrote and compared his prose to other people's and, you know, did loads of research, you know, investigative journalism kind of thing.
And so every time you go to a sort of Bitcoin meetup or you meet other people into Bitcoin and you're talking into the early hours and you're having those kind of conversations, maybe over a glass of wine or something, the conversation of who is Satoshi always comes up.
or it comes up a lot and one person will go I think it's this person and somebody else I think it's that person and I'm not so on top of the subject as I was but for a long time I was able to go no it's not that person because of xyz and that person was in this place at that time and Satoshi posted this thing and it couldn't have been him because of that and that person's handwriting doesn't match up and I was able to you know debunk every suggestion as to who Satoshi is anyway I was at this party at Michael Saylor's house and I just was sitting next to some dude
American guy old boy and he he just turned to me you know the same conversation came up and he just turned to me and said have you considered the possibility that it was put there by aliens or by God and that it would to give humanity a way by which to save itself and I was like oh no I hadn't thought about that and of all the explanations I've heard as to who Satoshi was that is actually one of the um you know one of the Occam's razor one
it's one of the ones that that makes most sense that bitcoin was put there by god to give humanity a means by which to save itself and i thought you might like that i think god would have would have done it through a human agent though i he's not really a satoshi yeah um maybe by the way i like your top thank you is it where's it from i think it might be from a shop.
What's it made of?
I think I might have bought it.
My mum has a house in California and I might have bought it when I was in California.
And I think it might be from TJ Maxx, which would be the California.
Yeah, basically.
They had nice t-shirts.
The one in Palm Springs is actually quite, quite plebby and cheap.
It's not, it's not, I thought you were going to say something like Laura piano or something.
No, but it's not.
What's it made of?
Uh, cotton.
I think cotton.
Um, do you know why I'm in the heat?
Do you know why I'm wearing, uh, this shirt?
Because you you are are an academic and you have you still have your shirt from the days when you were a geography teach teachers wear?
This is kind of geography teachers summer.
That's interesting.
No, I'm wearing it.
I mean, apart from that, I quite like it.
I'm wearing it because I've realized that colors have frequencies.
Oh, yeah.
And I've been advised that one of the colors I need to have in my, that I lack is this one, red.
And there were some other ones I'm missing from my color diet.
One of them is orange and one of them is turquoise.
And what it made me realize was, remember that awful, awful shell suit that David Ike used to wear, the turquoise shell suit?
Yeah.
And you think about what Harry Krishna's wear and Buddhist monks, they wear orange.
And I realize that although I don't necessarily share their religious outlook, They're definitely onto something.
They've worked something out on that score.
And we should be alive to this woo stuff, because it's real.
There's a lot of, there's a lot of, the guy I write the music with, who's probably about 10 years old with me, very religious man.
And he, and, you know, he's quite dismissive of Buddhism.
He just says it's sort of Christianity for trendy people.
But nevertheless.
There's a lot of crossovers between Buddhism and Bitcoin.
21 is a big number in Bitcoin and it obviously is in Buddhism as well.
And, you know, if you have an intention, you're supposed to say it 21 times.
And obviously the colour orange is another one.
But I think, yeah, we're getting our colour advice from the same person.
Well, in..
And I take this stuff seriously.
And I wanted to say before we move on to thank you for helping my big birthday bash.
Such a tremendous success.
It was great having you gone before me and kind of jolly up the crowd.
My warm-up, man, weren't you really?
With your jolly songs, which are funny.
I mean, they really are.
Thank you.
And there was a song I wished I did.
It only occurred to me to do it when you started talking about the Illuminati, but I'll do it, you know, the next one.
But I absolutely loved it, James, and your audience is just such a lovely bunch of people and it was a pleasure to come up and see your house and you know be on the premises and i loved it so thank you for inviting me since you since you raised the subject of the illuminati you you've got this book uh which i've been enjoying very much oh good thank you the secret history of of gold when when you look at that does it does it come reversed or
does it look no i can read it Okay.
So I haven't had, obviously, had time to read it cover to cover, but I was dipping in and out and there's lots of entertaining stuff I want to talk to you about but Montague Norman oh yeah crops up quite a lot he does and he's the governor of the Bank of England and I can't decide if he's a good guy or a bad guy that's a really good insight because neither can I I mean he's obviously a
bad guy in the sense that he's in it up to the neck in all manner of nefarious stuff.
I think he's connected with the Milner Group, for example, who are dodgy as.
Yeah.
The Milner Group who basically started the First World War.
Montague Norman, I'd always had him as a complete wrong-un, but it turns out, you reveal, that he was actually a great believer, unlike Keynes, for example, who was also a complete wrong-un, that Montague Norman was a believer in the gold standard.
Very much so.
He thought it was one of the pillars of a free society, along with free speech and property rights and those.
those kind of things And he, you know, he was a big sound money guy and he, he was the guy who took England back onto the gold standard in 1925.
And, and then when we left the gold standard, he was actually governor of the bank of england but he was he was ill he couldn't take the stress so uh his um his number two was the guy who actually took us off in 1931 after the wall street crashed but yeah i mean you know and he he set up the bis bank of international settlements which was probably a not the most reputable institution in the no that's that's illuminati central that's how that's how they one ring to rule
them all And they were still taking Nazi gold in 1945.
They were pretty bad.
I don't know why you say that as though.
that's kind of an anomalous.
I mean, did these look, that the whole the whole stuff about the Nazis is just another is just another sign of.
They were running these people were running the Nazis.
The Nazis were just one of their front operations.
It wasn't like this bad man called Hitler came along and he and he unexpectedly he set up this evil party that and then he started this war.
No, the central bankers funded this war.
It was always part of the plan, like like the First World War.
But I don't know whether you're there.
You're not quite there yet, are you?
Not quite.
No.
No, that's all right.
Anyway, Montague Norman, interesting.
I think you make a very, very good point.
And this is one of the reasons why I love you, because you drive home this point again and again in your various books, that there is nothing that a corrupt, high-spending government wants or needs more than a fiat currency unshackled from the gold standard, because the gold standard is what keeps any economy honest.
Yeah, I'm actually going to say something a little bit contradictory.
The word gold standard, it's kind of, you know, there are different gold standards and it's misunderstood.
So when England was on the gold standard in the 18th century The gold sovereign, here let me show you a gold sovereign.
In the 19th century, there's a gold sovereign.
There's a Victorian gold sovereign that I'm holding up there.
And it's about the size of now 650 quid.
And here's the irony.
That was the old pound coin.
So it now takes 650 pounds to buy the old pound coin, which shows you how much it's been debased by.
And that would be 22 carat gold, so 92.5% purity.
They put a bit of copper in it to make it harder.
And it's got, you can see the famous CDBs.
engraving I'll hold it up to the camera of St George on the front there and but anyway you know I mean you wouldn't in, in the same way you wouldn't probably carry 650 quids worth of cash around with you that often.
You, you know, you might not have carried a pocket full of gold sovereigns around from you unless you were extremely rich.
But nevertheless, gold was in circulation and people were handling it in the 19th century.
But in the 20th century, when we went back onto the gold standard after World War I, they removed gold from circulation.
So even though nominally, the pound and the various other currencies were interchangeable for gold, ordinary people weren't holding gold.
And of course, in 1932, Roosevelt, who is, you know, evil, baddy, genius, Illuminati, Mark X, went and confiscated Americans' gold.
And this was in 1932.
And so from 1932 to 1971, America was nominally still on the gold standard, but ordinary Americans couldn't own gold.
So, you know, a gold standard where...
It's like a library where you can't touch the books is a line I use in the book.
And so it was a kind of fudged, lying, improper gold standard.
And that's why it fell apart, because it wasn't true.
But in the 19th century, and the one that Newton put us on, which was accidental in the 18th century, he tried to put us on a gold and silver standard, but all the silver kept getting exported to the continent and then to India and China because it fetched a higher price.
So the gold standard that the UK was on was accidental.
But again, you know, the gold guinea was a coin and there were silver coins.
So even though there was paper representing these men, metals we were actually handling the metal and so you know there was actual gold and silver in circulation and and gold you know, if I were to give you this coin now, I would, you know, this coin carries no liability.
It doesn't carry the liability of a bank or anything or anyone.
It's the wealth is here in the gold coin.
So if I pass it to you, I'm literally transferring the wealth to you directly.
Whereas if I pass you a note that is interchangeable for gold, you know, that's got somebody's liability to it.
So if I were to send you, you know, a digital token that represented gold, you know, a gold cryptocurrency or something, then it's not, it's not wealth in and of itself because it's got, you've got, you rely on the third party to administer the transfer of the gold.
So it's like an exchange system built on top of a store of wealth, whereas this is the store of wealth itself.
And one of the reasons why, you know, everyone says we should go back to the gold standard.
And in many ways, we should, but which one?
And are we going to go back to a time when people are going to be carrying gold coins around with them?
Well, they're not because people, maybe we should, but we won't because people just don't carry cash anymore.
Yes.
So it's just, you know, the world has moved on.
And maybe the fact that people don't carry cash anymore is an Illuminati, whatever, it probably is.
It is.
Or they're exploiting it or something.
But it is also just convenience.
It's just how they get you, of course.
That's how they persuaded everyone to use their phone.
Like, I was in Devon earlier this year, and there's a, in Salkham, and there is a ferry that carries you from the ferry inn to the other side of the estuary to East Portalmouth, where the best walks are.
Sorry?
is that the Tamar estuary?
No, I think that's Tamar's in, in, Begabond.
It would be the, I think that might be, I think that, I was going to say the Tarka estuary, but anyway, it doesn't matter.
famous thing about Salkham it's not the time harbour or rather the entrance to Salkham harbour is that it has a sandbar across it with some rocks and stuff which at low tide you can go and play on and get surf and that was the subject of Tennyson's poem crossing the bar was inspired by the
Anyway, I was on the boat and I mean Sulcombe is normally central.
It's full of money people who are just completely invested in the beast system.
Vote lib dem.
On this, well, it doesn't matter who you vote for.
It's all the beast system.
So this chug-chug boat, which takes you across the, it costs, I think, £2.70 for an adult one way.
And you can still, thankfully, pay in cash, but almost nobody does these days.
Everyone, everyone gets their phone.
They don't even use a card anymore.
They just get their mobile phone and they go bleep.
And they don't have to think about it.
And they don't want to think about it.
And these are the people who've enabled the system where we are going to have our cash taken away from us.
Because they're too lazy assed to carry change around in their pockets because they're worried about maybe being on the beach and having these coins spilled out.
I mean, it must be Grimm being a metal detector, a treasure hunter now, because back in the day you could...
the evening, you'd see people with metal detectors searching.
What are they going to find now?
There's no phones.
Maybe a ring.
Yeah, well, I agree, James.
And, you know, I confess I'm as guilty as the next man.
I very rarely carry cash around with me, even though, you know, I'm one of the go to.
If you're talking about the evils of CBDCs and the evils of a cashless society and all the control that it will give the government.
So I'm sort of one of the go to guys that you speak to.
It's one of my sort of subjects.
But, yeah, even me, who is aware of all of this, I'm just too lazy.
I mean, I've got a load of cash that I keep at home from when I'm paid in cash and that kind of thing.
But, you know, I'm not a cash user.
Your audience, by the way, are very good because they most of them do carry cash.
And so good for them.
Well, I did make a point of having a cash bar because I had one event in London where it was in a church.
And I remember trying to think where to have the drinks afterwards.
We found this pub and it was card only.
And everyone was saying, look, what's going on?
You can't have a.
cash-free pub after a DellingPod event.
So i so i made sure that i that i had a venue with a cash bar um That's sovereign.
Yeah.
How much was a guinea worth, by the way, relative to a song?
Well, guinea was this sort of...
but it would be 20 shillings.
And the guinea was 21 shillings.
But it sort of varied in price slightly depending on the silver ratio.
But yeah, guinea would be 21 shillings.
I think that's why they use it in, they still use the guinea as in race horses when they're auctioning horses because 20 shillings goes to the vendor and one shilling goes to the salesman.
It's a commission thing.
How many guineas in a sovereign?
Well, a guinea, a sovereign would be 20 shillings.
So a sovereign is slightly, would be slightly lower.
Slightly.
But what happened was, is we were on, the Guinea was the, you know, the pound coin, although it was a little bit more than a pound.
And then, and people,
mining discovery in brazil in the early 18th century by the portuguese and the portuguese you know took their gold and made moidores with them the portuguese gold coin and then but the portuguese would then spend their gold coins buying british goods so a lot of the gold that was mined in brazil via Portugal made its way to the UK, something like half of it.
Portugal and the UK had lots of trade in those days.
And so a lot of the guineas, even though they were called guineas after Guinea and West Africa, the gold actually came from Brazil.
And that Brazilian gold actually enabled Newton's gold standard because there was so much gold, it didn't matter that all the silver was leaving.
And so the gold standard was Newton's invention, but it was accidental.
But in any way, William Pitt would send loads of gold coins to Europe to prop up Napoleon's enemies because he didn't want this sort of revolutionary fervor that had gripped France taking place in the UK.
And they became known as the Golden Cavalry of St. George after the St. George engraved into them.
And he said so many of them, the bank ran out.
And so the Bank of England ended up saying to Pitt in 1798, look, we haven't got enough gold and silver to redeem paper.
Can we come off the gold standard?
And Pitt said yes.
So we actually came off the gold standard.
But in practical terms, we came off the gold standard in 1798 to print the money to pay for the Napoleonic Wars.
And then there was a great recoinage in 1816.
And that's when we went.
We actually went back on the gold standard 1821.
But the recoinage was in 1816.
And that's when the sovereign became the sort of the main currency.
And the sovereign was sort of the pound coin after that.
The most successful coin in history, the sovereign.
Billions of them have been minted.
I've got quite a nice coin here that I'll hold up to the camera.
Which is, this is a Byzantine solidus.
And you might know that the word soldi in English.
in Italian is money.
And that would come from the solidus, which was the Roman coin that replaced the aureus.
And I'm holding it up there.
And that's about.
You know, maybe the sovereign's about a quarter of an ounce, seven grams or so.
The the the soldi here in my left hand would be about four grams.
So it's a bit lighter, but its purity is is is greater.
It's 24 karat gold and you hold it up to the camera.
It's just an absolutely beautiful coin and it's soft.
And the reason you might have seen like and well, here's a very beautiful thing.
You can see how shiny it is.
Yes.
Gold never loses its shine.
That shine is permanent.
That's why we always associate it with the sun and with the gods.
It never loses its shine.
And and, you know, I can beat this gold into, you know, leaf that's just one atom thick or I could stretch it into a wire, maybe half a mile long.
But the one thing is incredibly malleable.
But the one thing I do is I can't destroy it.
You cannot destroy gold.
It's permanent.
You need like nuclear explosions.
And even then they're not entirely sure they can destroy.
but we'll go with the divine creation.
And so if you think gold was created by God before the solar system was created and before the Earth was created and this big bang explosion and all the dust was sent into space by God and then the dust gradually compressed together and that's how the gold made its way into the Earth's crust.
Just bear with me, just buy it for me, just for the sake of argument.
But anyway, but it means, James, it means that the gold in the Earth's crust has been there since before the earth was formed because you can't destroy it six and a half thousand years ago well however many thousands of years ago six and a half thousand I thought there was another civilization that preceded us that was better I don't believe that that's norm norm tasty anyway but so
it's it's you know this little bit of gold here it's it's been around since before the earth was formed And so to touch this piece of gold is probably the closest you will ever come physically, not ethereally, physically, to touching eternity.
I think that's quite a profound thought.
When did you get, so how old is that?
Is the Byzantine one?
This Byzantine one is 600 AD, it was minted.
And nearly 1500 years old.
Is that worth more than the sovereign?
I bought it for 340 quid.
a few years ago so it's probably worth it's probably worth about the same um but you find the weird thing about gold is that ancient gold relics often trade at very little premium to the actual gold value.
And what you found with, you know, people have made beautiful things from gold.
The South Americans before the conquistadors being a prime example, they made beautiful things from gold.
And the South Americans just took it and melted it down and sent it back to Spain, ascribing no value to the artistic creation.
And so ancient things that have been made with gold, they just tended to be melted down and just sold as bullion.
It's a great shame, but art made of gold doesn't survive in the same way that gold survives.
Yeah.
That, the Victorian sovereign you've got.
Yeah.
What what could that have bought in it in its day?
Well, I don't quite know the answer to that.
But what I can tell you is if you look at I've got a chart of it actually in the book, I just think it's one of the most fantastic charts is if you look at it, I've got a chart of consumer prices since 1695.
And I've also got a chart of consumer prices in the 1970s.
century.
And so you start with that recoinage, the consumer price index and the between 1816 the great recoinage and 1850 consumer prices more than halved they didn't go up they came down so people working their money bought them more over time as it should because we get better at making stuff And so its price comes down as we get better at making stuff.
It's only fiat money where prices keep going up relentlessly.
Then after the gold rushes and also the American Civil War, prices went up again.
And then from about 1865, whenever the war ended something like that they halved again by the end of the century So the overall trend of consumer prices was that your money bought you more.
They more than halved over the course of the 19th century.
And that's one of the reasons that the 19th century was such a golden age for Britain and Western Europe generally, because it just saw the rise of the middle classes.
And, you know, people worked and they didn't have their wealth stolen from them.
And they would have felt prosperous.
They would have come to the country.
They would have felt prosperous.
And the first thing you would spend money on after...
You know, the people took care of that and yeah it was a it was a it really was a golden age for britain and it's because it was all built on on strong sound money and um yeah wonderful time and now we've got the opposite where people just getting into more and more debt just to make ends meet it's terrible what we've done mm no i'm just i'm gonna hold up a copy do you like do you like the cover or do you think it looks uh i wanted to put loads of um code on the uh coded
messages on the gold bar but they wouldn't let me no no no i i think it's i think nice.
It's nice.
It's shoreditch and minimalist.
But it's not a bling shininess.
No.
That's the thing.
It's not a vulgar Shanyanist, the gold thing.
It's not.
So it looks nice and confident.
It's, I don't know what, fake gold, gold effect things.
It's got a horrid effect.
I doubt this is actual gold leaf they used, but anyway, you never know.
Yeah, I was enjoying that.
The chart.
The charts, the scariest chart, I think, in your book is the one that shows the decline of, what is it?
Oh, yeah.
Median annual, UK median annual earnings measured in gold ounces.
1968 to 2024.
Can I just confirm we're recording, are we?
Yeah, yeah.
Okay, good.
Yeah, I mean, it's just, it's so.
depressing.
It just shows you how earnings, you know, when you measure things like we use we use fiat money.
We use the pound and the dollar as our unit of account because, you know, we have to hand in our accounts in dollars and we have to do our taxes in dollars and pounds and so on.
But actually, the dollar and the pound are crap units of account because you need a unit of account that is constant and they're losing their value all the time.
So if you want to look at historical prices, for example, you have to use inflation in adjusted pounds and dollars and nobody knows.
Nobody can agree on what inflation actually is.
And gold is the most perfect unit of account because it never changes.
It's been constant since, you know, as we said, since the beginning of time.
So we should all use gold as our medium of account, but we never will unless we go back to some kind of gold standard.
But nevertheless, you just because it's not.
It's not common to use gold as a unit of account.
We should all do it because it tells the truth.
And one of the truths that it tells is that if you measure wages in gold terms, you know, wages have gone up like 20 or 30 times since the 70s.
Whoever's like, great, wages have gone up.
Do you measure them in gold terms?
They've been falling since the 1970s and they're at their lowest point ever.
And so, you know, that's a very depressing fact.
But it also tells you why nobody can afford a house and nobody, everyone's struggling to keep up and nobody can save any money and so on and so forth.
But, yeah, it's a really depressing chart.
Well, median earnings measured in gold.
you've got um the the y-axis goes from goes from 0 to 125 and in In 2000, UK annual earnings measured in gold ounces is 100.
And today, people are going to find this so shocking.
Today, it's 25.
So we are one quarter of what we were in 2000.
And it's no wonder people are feeling the pinch because the pinch is actually not imaginary.
Yeah, I mean, I will say it's a slightly illusory number because in 2000, gold was so low and gold all-time high is now.
And, you know, it's just after Gordon Brown had sold and it was the end of a twenty year long bear market.
But even so, if you were to say compare it to like the mid nineties, we're still at 50% of where we were.
Yeah.
So it's just awful.
And it's only going to get lower.
For Americans, it's even more dramatic.
I mean, so the y-axis goes up to 250.
And in 1970, it was what, about 220.
Yeah.
And now it's around the 50 mark.
Yeah, I would say it's at 40.
40.
But again, you know, that 1970 figure is slightly illusory because gold was artificially suppressed at $35 an ounce and yada yada but even so like even if you go back to 2000 you know it was at 150 and now it's at 40 wages have fallen by more here in the uk because the pound has been so crap but uh anywhere you go it's it's you know people wonder why the world's you know there's so much inequality and you know look no further than our system of money creates and
and the other chart i think we were talking about this before before i had to go and change offices but the consumer price index you mentioned 1694 to 2011.
Yeah.
And it's extraordinary how unchanging it is from 1695 until about 1940.
And then suddenly it's an actual hockey stick, isn't it?
I mean, it's a real hockey stick.
Yeah.
If you looked at consumer prices from 1695 to 1900, and you only saw that, then the graph would look completely different because the y-axis would be completely different.
And there are some ups and there are some downtimes.
But yeah, it's after the initial spike is 1914, obvious reasons, First World War, Europe, you know, most of Europe leaves the gold standard, and then it creeps up all through the 20th century, and then it goes nuts.
Like you can, I can tell you the exact date.
It's 1971.
Well, I can't tell you the exact date.
I'm going to look it up, but it was the date that America left the gold standard in 1971.
But, you know, it's like you can trace it back to the day.
Can I, can I, can I, unless you want to read it.
I just want to read one of your killer paragraphs from your book.
I would like you to read it because that will be flattering to my ego.
Okay.
Okay, it's page 198.
And, well, you comment, no wonder the salaried classes feel they are being left behind.
They are.
Their purchasing power has plummeted.
And then you, I love it when you do this.
You go into one of your Dominic rants.
All the injustices I have just described, from short-termism to inequality to shrinking family size, are inevitable.
under a fiat system.
So is the expansion of government.
When one body in a society has the power to create money at no cost to itself.
It is inevitable that body will grow disproportionately large.
Thus all the problems of excess government, waste, incompetence, corruption, crony capitalism, eroded primacy and liberty, unaccountability, bureaucratic overreach and excess regulation, manifold businesses built around wealth extraction rather than wealth creation, even war will inevitably grow too.
War, that was Cobden's argument, wasn't it?
Yeah, and he was locked up for a year.
He was a hero, wasn't he?
He was, he was a good guy.
Paper against what was it?
it paper against uh money or whatever the thing he published was great guy because because that was that was when we first sort of uh tinkered with this system wasn't it to to pay for the napoleonic wars yes um that's when we came off the gold stand and he was saying don't do it don't do it and he published pamphlets it was very similar to now what's going on now with the suppression of free speech and rather than um you know,
attacking the cause and the reason that people are angry, they attack the people who expose why people are angry.
But yeah, he wrote these pamphlets exposing the fraud at the heart of money.
And, you know, prices doubled when we left the gold standard in 1798.
They doubled.
You know, inflation was rampant.
It was like like it was during Covid, but worse.
And, you know, he wrote these papers and so on.
And they started.
So they introduced a tax on pamphlets so that people couldn't afford to print them.
Yeah, they did.
What was the pamphlet tax rate?
I don't know what the rate was, but they just made it uneconomic for people to publish pamphlets to try and put a stop to them.
Pamphlets were like, you know, they were the Twitter or the whatever it is, Telegram of the day, you know.
they put him in prison for it in the end.
Yeah, he ended up in jail.
Yeah.
And he was right.
But for what?
Sedition.
For his criticism of.
the government and and they must have had some fancy sounding name that made he's saying he's saying stuff we don't like therefore we're going to bang him up they must have found some um yeah i must i don't know james because i don't know the history that in that much detail i had it in the book at one point and then penguin the book was too long and we were overrunning so i took it out so so um Yeah, I now wish I'd put it in now you mentioned it.
He was in daylight robbery, but I do know he ended up in jail for his trouble.
One of my favourite...
Well, I don't know if you can recriticise the state.
They just find different ways of getting you.
Because they're they're all the same bad people.
It doesn't go away.
One of my favorite little factoids in your book is when you talk about the gold rush.
Not the Klondike one, but the earlier one, the 49ers.
California, yeah.
The California gold rush.
And you talk about how there was a massive, massive shortage of women.
And at the going rate to spend a night with a woman, can you remember how much it was i want to say it was equivalent to 40 50 000 40 000 yeah but more than that it was was it 20 ounces or something no it was 15 ounces of gold or something yeah it was uh incredible it was it there was just a massive shortage of women in california and so even like um like cleaners and laundry people were earning more than people you
know high-powered people working for the government chefs Are you looking up the price it was to spend a night with a woman?
Well, yeah, I was quite amused.
And also, obviously, we know that pick handle sellers did do.
did did doing well but that that's sort of become a cliche of it but but it's really interesting about the oh you said there was a a massive shortage in california of domestic staff they were yeah so they just started charging ridiculous amount like i think domestic staff were charging more than congressmen it was only temporary but why shouldn't they good good fair play to them I think, do you know what?
I think you'd earn your money though.
You would have earned $40,000.
You think about the sort of person you would have been sleeping with.
A dirty.
A dirty.
He would have been filthy, wouldn't he?
I bet he wouldn't.
I bet his personal hygiene would not have been such as you might desire for sexual activities.
Yeah, I mean, I just don't think people were as hygienic then anyway.
I mean, it was grim work.
Washing a cook.
Yeah, it was 15 ounces of gold.
I was right.
15 ounces of gold to spend the night with a lady.
And that would be, well, you know, an ounce of gold is $3,300.
So do the math.
$45,000 in today's money.
I can't remember what the other, other, exciting.
Oh, I know that that was, so I was dipping through the charts of which countries have the biggest gold reserves.
And you can be very interesting in a moment and tell me about China.
I think you may have mentioned it before, but it's quite a good story.
If you trust the official league tables, what astonished me is that coming in at number three of the countries that have the most gold in the world, Italy.
Yeah, there's no way it does.
Who would have thought that Italy?
Is that the Vatican or what?
No, it wouldn't be the Vatican because that's a separate city-state.
It would be the government of Italy.
And Lord knows where they got the gold because they lost most of theirs.
Like their gold in World War II was a total shambles.
It's so funny.
Again, this is a story that I cut from the book for time.
But when Mussolini had kind of been stood down, the Nazis took control of central Italy.
And they were saying to the Italians, you've got to send the gold up to Berlin.
And the Allies were coming up from the south and they were trying to get there before the gold went to Berlin.
And so the Italians, and then the BIS had made a load of investments and so they wanted their gold back.
And the Italians were like, well, I don't want the Allies to have it.
I don't want the Germans to have it.
I don't want the BIS to have it.
What do we do?
And so they started sending it to various locations around the country.
And of course, it all started to go missing.
And then the number two at the central bank had this idea of building a full, So they built this false wall and then this head of the central bank lost his nerve.
So in the end the Germans got it and they sent it up and it just spent like nine months just south of the German border while Italian bureaucrats tried to delay the sending of the gold up to Germany.
They did these hilarious delaying tactics that only an Italian bureaucrat could come up with.
they gave them all albania's gold but they kept the italian gold and um eventually von ribbentrop got hold of a large portion of it and so that will have gone to argentina and um and yes some of it um you know it's sort of so much gold went missing in world war ii um and you know some of it ended up going to berlin and nobody really knows where it ended up so where italy's got its gold since then but i haven't actually looked to see if the italians have properly audited it but i say this as someone who's part italian you
know if there's one country lying about its gold reserves certainly italy Right.
Okay.
So that almost kills the story, doesn't it?
Because if it's not real, I love the idea that maybe it does.
It's just a lot of maybe it does have them.
them i don't know i i i apologize to any italian patriots who are listening to this slurring their their national accounting standards you you don't you don't believe that um america has got the biggest goal of ourselves you you you that people in the know think it's china don't they like even if the gold that america says it has which is 8 000 tons is there and
i don't believe it is.
that is um and if it is there it's not of what they call good delivery quality it's shit gold isn't it yeah it's it's like 90% pure because it'll be all the gold coins they confiscated off the citizens in the 1930s, which were only 90% pure.
They were like sovereigns, the American Eagles that they used then.
So yes, it's not what, you know, gold delivery quality now has to be 400 ounce bars of pure gold.
So it's just, but even if it is there, America says it has 8,000 tons.
China says it has 2,000 tons.
But if you just look at, like, China's been the world's largest producer.
for most of the 20th century, most of the 21st century, and it doesn't export any of the gold that it produces.
It's also been the world's largest importer.
And if you look at, you can't get an exact idea of what gold imports are because they're not all stated.
A lot of them are private transactions, particularly ones made by the PBOC.
But you can see Shanghai Gold Exchange withdrawals.
And so that gives you a rough idea.
And we know that by production and imports, at least 30,000 tonnes of gold have gone to China.
It's probably more like 40,000.
So 30,000 to 40,000 tonnes of gold have gone to China against America's 8,000 tonnes.
And if you say, go, okay, a third or half has gone into jewellery and maybe another half has been bought by private citizens.
So a quarter of all the gold that's gone to China, 30,000 or 40,000 ounces, is in the state hands.
Then you're looking at the state has 8,000 to 10,000 tons of gold.
I think the number's higher, but the PBOC says it's got 2,000 tons.
So they've underestimated it by a factor of at least four, and there's a very good reason why they've underestimated it.
It's because they're still accumulating and if they were to suddenly say to america we've got more gold than you the dollar would crash and china's got three trillion dollars it doesn't want the dollar to crash it would send the gold price to the moon china doesn't want the gold price to go to the moon just yet while it's accumulating um so it's just doing that thing that china does we must not shine too brightly and um But sooner or later, if China and America ever fall out, China will weaponize its money just as America always does.
And part of the weaponization of Chinese money will be to say, we've got more gold than you.
And you don't have the gold that you say you do.
So the dollar's even more worthless than it already was.
And at that point, if the dollar starts, if that happens, goodness knows what happens to the pound and the euro.
And so that, yeah, you really do want to make sure you've got some gold in that eventuality, although the government will probably come along and confiscate it.
Well, they will, won't they?
I mean, you described the FDRs.
um theft as the the biggest heist in history or something or the biggest theft in history don't you know that or yeah the greatest crime committed by the u.s crime committed by something like that i can't remember but it was good when i wrote it all those americans out there and there are many of them who who think go america we're the land of the free and the home of the brave and stuff how can they reconcile their view of the world with
the fact that not even like one of their presidents within within living memory of a few senior citizens at least, the US president just stole their money just like that and got away with it, and they were never compensated for it.
I know.
Well, they were given dollars in exchange, but then he devalued the dollar by 40%, so they ended up losing, you know, they had basically had half their wealth stolen.
And it's a terrible crime.
It's awful.
And they were misled.
And they handed it in their gold, trusting the government.
And the reason Roosevelt, you know, what was happening is all the banks were going bust, and so people were taking out their money out of the banks and then they were going actually do you know what I won't have the dollars I'll have the gold and they were just hoarding gold at home and Roosevelt was trying to stop people doing that because he was trying to recapitalize the banking system as it turned out just by devaluing the dollar he kick started a booming mining and so much gold made its way to the US particularly in the 1930s as it was escaping the Nazis he didn't ever he never actually needed to do it but in any case he did it
and I you know Americans trusted their government and when push comes to shove when there's a crisis people trust their government we saw it during COVID we know that the government lied repeatedly about numerous things.
We know that the government lied about the source of the COVID virus in the first place.
We know that it lied about the efficacy of vaccines.
We know that it lied about the efficacy of masks.
We just know it was all lying.
And yet, you know, 95% of the country, at least at first, bought it.
And you'd go, where's your, you know, everyone knows the government lies about everything.
And we're all cynical, particularly in London.
Nobody believes anything they're told.
And then yet, yet.
People still believe the government when push came to shove.
And you'd be like, why?
But they do.
Well, I think the bigger question is not why did they trust the government then but why do they trust the government now that's the i think that's the unforgivable thing when people when people sort of say i've got no sympathy for the idiots at the jab it was their own lookout and and they wanted to go on holiday serves them right no they were sold a false prospectus it was they were they were grievously misled by the authorities that they've been brought up since birth to trust doctors nurses the the
government etc so i can understand and and and well i feel every sympathy i can empathize with with the decision people made made to take the death jab but i cannot find it so easy to forgive is the way people have pretended that never happened and that they now look to the system that that betrayed them and poisoned them and killed their loved ones,
that they are now looking to the same system for to be their saviour.
I mean, hang on a second guys.
These people killed your loved ones and you're now going, yeah, but think how much better it will be when the Reform Party gets in.
They're all part of the same problem.
I know.
I mean, you read, you know, it's like this guy, what's his name?
Gary Economics.
I mean, he's just such a, like, you hear he's going, you know, it's not just him.
It's like, the NHS is terrible.
It doesn't work.
It's a money pit.
It's inefficient.
I had bad treatment.
So therefore, give the NHS more money.
Is that what Gary Person says?
Well, no, he's always going on about inequality.
But it's like, the solution to inequality, which is created by government, is more government.
And it's like, you don't understand.
Government is the problem.
And so that just, the mind boggles me.
And that's kind of what you were describing.
It's like, how do you think more of the same thing is going to make that thing that that body created any better it's going to make it worse yeah yeah um so um you are not of the of the camp i mean there are certain the hardcore gold bugs who who think that gold's got way way more to go because once once the yuan becomes the new the new uh reserve
currency when it when it becomes a gold backed currency, gold will rock it.
But you don't think that's ever going to happen.
I'm a bull on gold and I think everyone should own some gold.
And you have to, what are you measuring it in?
Are you measuring it in pounds or are you measuring it in dollars?
And I actually think the pound has got bigger problems than the dollar does because, you know, we're just such a basket case, this country.
And so I just think it's really important for people to hold forms of money that aren't government currency.
And so that's Bitcoin and gold, basically.
And, you know, because the great...
I thought this was an old Wall Street saying and I've Googled it and Googled it.
googled it and it turns out the person who said it was me but it's put five percent of your net worth in gold and hope it doesn't go up and I just think that's a very good.
It's a very good.
I have to say, Dom, I've broken that.
I've ignored that precept.
Yeah.
I'm more than 5% in.
I just say that to Normies as a sort of way of, you know, if I said to a Norm, you've got to put 25% of everything you own in gold, they wouldn't do it.
But, you know, 5% of your portfolio in gold and hope it doesn't go up is a sort of, it's a hook.
if you like.
But yeah, I think everyone should own some.
I think the pound has got real problems ahead of it and the dollar might have problems ahead of it.
And if this rivalry between America and China that has been brewing for a while, if it carries on going and it gets more intense, well, we're going to be very glad we own some gold.
But I'm under no delusions.
Gold doesn't go up forever.
And gold between 2012 and say 2017, 2018, it hit a bear market in US dollar terms.
But actually, it wasn't a bad thing to own if you were in British, because the pound was so crap in that period.
So gold actually went up in pounds, even though it went down in dollars.
So, yeah, for all those reasons, I just recommend holding it.
And there'll come a time when gold gets so overvalued and maybe houses or something gets so cheap, you've got to go, well, oil.
You know, there's a big case for investing in oil at the moment because it's just so cheap relative to gold.
How would you buy it, though?
Well, that's the problem.
You've got to buy companies and each company, then you're taking on individual company risk.
You can't go out and buy barrels of oil, you know, because you can through an ETF, but it's just it's not a good way of investing.
those people who did that trick was it is it contango or something those people who when oil went negative what a trade fair play to them but yeah but but in any case you know there will come a time when when gold i mean gold's all at all-time highs.
You look at it relative to salaries, you look at it relative, Like, I think we're at about 100 ounces for the average UK house.
And I think in 1980 at the top of the market, we were at 50.
So it might go back to 50 ounces.
So, you know, it could double again in UK housing terms.
You know, but when we kind of reach those extremes, it's time to roll out of gold into something else.
But there's a case for just holding it forever and giving it to your kids.
The good news, I think, both for those who already hold gold and those who don't yet but are feeling they've missed out is that you don't think people have missed out yet.
There's more to go, isn't there?
It's not over.
way it's not over because you're saying that that that retail hasn't really caught up well what's what's yeah what's weird like previous bull markets would usually be driven by by american retail and also european retail germany german retail is a huge buyer of gold but actually better explain what retail is for private investors small investors ordinary people like you and me
um uh and you know german germans you know like gold they buy a lot of it but they're actually been net sellers a lot of them bought gold in covid it's gone up a lot they're selling because they got whatever reason this bull market since and you could almost say that it started in well it started about three or four months after America confiscated Russian assets after the invasion of Ukraine.
Do you have a 300 billion in Russian assets, US dollar assets and China is being the biggest buyer, but it's all countries along the Silk Road, countries in the Shanghai Cooperation Organization as they call it.
But it's, you know, Turkestan and Kyrgyzstan and India and Thailand has actually been a big buyer of gold.
But all these countries, Poland's built quite a lot.
For the most part, it's countries along the Silk Road, China's trading partners.
And it makes total sense because they're de-dollarizing.
They're not maybe not at war with America, but they're not friends with America.
And they're beholden to America and the international banking system, which is dollar-based.
And they're trying to design their own international settlement system, and they can't quite get it right.
But it's just important that they hold assets that America can't confiscate.
And 300 billion is a lot of money that America confiscated from russia and and these they're just looking at that and going do you know what we need to increase our gold holdings and so this buying has been driven by central bank gold buying not by retail and that's what makes it different.
My two biggest losses in the last 10 years from investments where I just basically lost everything was one the shares I bought in Neil Woodford's thing and Every time I go past this house in Sorkham, I want to gob on it.
I don't, but I want to gob on it.
And it's very encouraging.
I think a lot of people know what his house is and they hate him because he's just like...
But do you know what the other biggest loss I've suffered was?
Was it a gold mine?
No, not at all.
I mean, no.
was when I bought some shares in a company connected with Russia, and my government decided, just like that, this never even happened in the Second World War, they decided that they could...
Perfectly legitimate.
They decided, no, they're Russians.
That's it.
You can't trade it anymore.
I mean, I think it's extraordinary that more people haven't protested about this.
That a government can just do that.
£10,000.
Just like that.
It should be.
They did it in 1940.
Did they?
Yeah, it's just an untold part of British history, but we had all our stocks and bonds and everything.
We all had to hand it in under wartime act and Churchill confiscated it all and put it on a boat and sent it to America.
All people's shareholdings.
I'm not sure if it was all shares, but it was a large part of Britain's, you know, it was a bit like Roosevvelt in 1930, 1932, But there was a big confiscation thing and it's just untold.
If the average, if the general populace knew who was behind these wars and who starts them and who benefits from them, they would not be happy about handing all their savings to crooks like Churchill to hand to his crooked friends.
It's a racket.
You've gone a long way to uncovering part of the racket and writing about it very entertainingly and informedly.
But it goes even deeper, Dom, than you realize.
I think if you knew how bad it was, you wouldn't top yourself, but you'd be thinking, that James Dellingpool, he's not just right in advance of everyone else.
He's right absolutely.
I'm going to have to join his club and kill my career.
Well, I mean, there's, you know, the first casualty of war is truth, and there's no doubt about that.
And there's so many lies.
But, but, I mean, I, you know, I don't know who starts them, but I do know they're enabled by the fiat money system and no war, like neither the.
First World War nor the Second World War could have gone on for as long as it did if governments had stayed on their gold standards and stuck to the discipline of gold because there was not the gold to pay for them.
And France, Germany both came off the gold standard and England didn't actually come off the gold standard, but we did everything but we withdrew gold from circulation and we brainwashed everyone into selling their gold and buying UK bonds instead.
So, you know, war bonds.
So we effectively came off the gold standard and that enabled the war.
And, you know, the First World War was the most terrible crime in history and it was the end of Western Europe.
Europe as the beginning of the end of Western Europe as a sort of leading cultural and whatever force.
All by design.
I think when would you most like to have lived?
Pre-1914.
Yeah, I mean, I'd love to have lived in England at the turn of the 20th century.
But I guess, you know, life's pretty...
I probably wouldn't have had modern medicine to help me.
Are the things wrong with you?
Yeah, you know, like I had assets.
Do you know how I got rid of my asthma?
Bee pollen, bizarrely.
But, you know, I probably would have had an allergy to cats and I've got problems with my ankles and, you know, just these kinds of things.
Yeah.
I don't know about your ankles, but I think a lot of the things you're complaining about were actually probably the product of the childhood vaccination schedule.
I think breastfed or something like that, yeah.
Almost all these sort of so-called diseases of civilization.
are essentially created by a system which deliberately poisons us every which way.
So through vaccination, through spraying, through the poisoning of the water supplies, through adulterated food, et cetera.
But I think mainly vaccination, that's that's that's been the one that probably all your things that you think of are just kind of part of you and just work with genetic or something.
They're actually ex...
Well, I remember BCG.
We all had the BCG.
I've still got my scar, yeah.
I've got the round scar.
And you think...
And it was a kind of macho thing.
And you looked at some of the kids...
That's yeah.
And there were some kids whose parents, very, very few kids, and they were persecuted, whose parents said, I don't want my child to have the BCG.
And you thought, you wet fart.
You asked your mummy not to get this.
It doesn't hurt that much, kind of thing.
It's a bit like the equivalent of the it's how we police their system for them in the same way during the First World War.
I mean, if I had known in 1914, if I say I was an 18 year old, a 19 year old.
Sure.
Is that you or me?
Yeah, it's me.
It's me.
It's my mom.
I'll call her back.
The courage it would have required to stand up to that system and say, no, I'm not going to join your pointless war with the Kaiser, which is a satanic blood sacrifice.
And it's being orchestrated by the Milner Group and by Wall Street for profit.
And they want they want us all to die or lose our limbs.
But would I have had the courage to be a conscientious objector?
Probably I would have just just signed up and gone and died because it's easier than to take it.
an extraordinary balls it really would to face those those the way they weaponize women particularly women are very that that's been the story i think of of from about the late 19th century to the particularly the 20th century the way they weaponize women they use women to they encourage them to give young men white feathers for example and they play on women's hysteria and their natural tendency to be more emotional than men.
And sorry, am I boring you?
No, no, no, sorry.
often think about what i would have done and i sort of have this idea that i would have gone and hid out in the country somewhere but it just wasn't possible because there's always the country's so nosy everyone's in each other's business there it's very hard to go and hide out yeah and it it also it brings out the the worst in people doesn't it the the the people who the sort of the jobs worth and and and and the the little the tin pot dictators uh uh these are the
people who come out in times of national crisis.
yeah and ramp everything up with i'm just thinking because we had our sort of dress rehearsal if you like during covid and i sort of quite like London because London was just sort of I call London a functioning hypocrisy where everyone knows everything's bollocks and they sort of abide by the rules sort of, you know, the bare minimum and they get away with whatever they can get away with.
So, you know, for example in London people would wear their masks but they'd wear it around their chin.
Do you know, do you know what I mean?
That kind of thing.
So they'd do that.
That's what they did in places like Thailand as well.
I think you could normally go to it but then but then you'd go to the country.
I remember going to the country.
A friend of mine has a house in Hampshire.
And a gang of us all went down there to do magic mushrooms during COVID at one point.
And we had to sort of keep the fact that we're all in this house a secret.
And, you know, we'd go to the shop in the daytime.
And everyone would be standing in the queue for the shop with their masks on a metre apart and all of that.
And I was thinking, nobody does that in London.
And then I went to after, you know, remember Boris in December.
He tried to bring in another when we had the Omicron one.
He tried to bring in another lockdown.
And Steve Baker and a couple of others all kind of ganged up on him and said, if you do this, we're having a vote to no confidence.
And so he didn't.
And then I went to.
So we sort of came out of lockdown and COVID a bit before everyone else.
And I remember going to France skiing and they were arresting people for not wearing masks on the chairlift.
And you're like, yes, serious.
And, you know, so, you know, but anyway, I quite.
But the...
So different places move at different speeds, I suppose.
i sort of quite like the sort of hypocrisy thing the the functioning hypocrisy aspect of london but people in the country were much more policing of each other and much more respectful of the orders.
I don't know about, I managed to ignore it.
I do remember, though, going on a trip to London with Dick and another friend.
And we went on the, what's the boat service that goes to Tower Bridge?
Yeah, those clippers.
Yeah.
The temp clippers.
And I remember getting on this boat and the chap saying, have you got your mask, lads?
And we said, no, we're all exempt.
He said, oh, fine, fine.
And we didn't give a job.
Well, we didn't.
we're exempt dom right okay but it never failed for me i i I just say, no, I'm exempt.
It's okay.
It's fine.
if you say it in a kind of like, what can I do?
I'm exempt.
Rather than, no, I'm exempt.
Yeah, yeah.
It was.
And, I mean, some people I know got really confrontational about it.
It's just, a lot of the time you're just having a fight that just wasn't worth having.
Well, did you come to the recording of the, when we did the Zulu?
No.
I didn't.
That was in the height of lockdown when we were all, as we drove up, we were all kind of quite nervous and then obviously nobody more than us for the recording, but it was it felt the idea that in one's own country one was made to feel like being naughty for driving up to a venue not wearing a mask and then communing with other people not wearing masks and that it was kind of illegal did you see um apropos of not
very much but um somebody I get to see so much on the internet that I forget what my sources are, but somebody posted up this report produced,
I think, in the 19.60s by a behavioural psychologist working at the Tavistock Institute describing in fact sort of kind of advocating the tactics that were used during COVID and in order to mess with the heads of the population and particularly to sort of mess with the heads of people who might be difficult, who might question the orders.
What you do is you create this bizarre situation where, a bit like the one you described, which existed in London, where on the one hand, it seems that there are really extreme penalties for breaching the law, and at the same time there seem to be get around which make it seem very easy to circumvent.
And what it does is that it creates great confusion in the minds of people.
Well, hang on a second.
Am I facing...
Okay, well, that doesn't surprise me.
Did you have anything else you wanted to talk to me about?
No, I mean, I love talking to you, James, but we've been talking for quite a long time, so we've probably also our listeners' patience.
I need to go to my tomato house to look at my tomatoes and to chat with the gardeners only come one day a week, and I like to go and say hello to them.
One of them is awake, and so we like to talk about chemtrails over the tomatoes.
Chemtrails in the sky, Michelle Obama is a guy.
That's one of the lyrics from one of my songs.
Yeah, but yeah, if you enjoy listening to me and James talk, the book is available from August the 28th, you know, at Amazon and all good bookshops, Waterstones.
It's called The Secret History of Gold and I know a lot about gold.
I've built up a knowledge over 20 years and there's lots of good stories in there and hopefully you'll find it entertaining and interesting at the same time.
There is no comedian in the world, Dom, who knows more about gold than you do.
That's certainly true.
If you asked Russ Abbott if he's still alive, he wouldn't have a clue maybe ken dod would have me ken dod would have the one person who might have eclipsed you is is happily for you no longer around he's me on tax but maybe not on goal yeah um and and do go and see everyone go and see dom's shows he's whenever he's touring he's he's funny you you give you're a funny chap dom oh yeah and and we haven't i haven't got that many shows in the autumn but
i'm coming to southampton and i'm going to birmingham uh and obviously i've got london shows but next spring um if you go to my website frisbees.news all my gigs are listed there and but on September 1st we'll be listing a load of gigs in the new year um you know across the country if the whole country hasn't been locked down because of the riots that they the deep state is trying to engineer led by your friend Tommy Robinson.
It's in the football season, so we'll be okay.
Okay.
If you've enjoyed this chat, obviously, like, how can you not enjoy the chats that I have with people like Dom?
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