WEBVTT 1 00:00:07.200 --> 00:00:10.160 All right, And joining us now is Tony Rdeman of 2 00:00:10.199 --> 00:00:12.199 Wiswolf Gold. And you can get to Tony and let 3 00:00:12.279 --> 00:00:13.679 him know that you're coming through us if you go 4 00:00:13.720 --> 00:00:17.800 to Davidknight dot Gold and Tony does something unique that 5 00:00:17.839 --> 00:00:20.239 nobody else that I know I've dones, and he offers 6 00:00:20.239 --> 00:00:23.640 a way for you to on a regular basis, and 7 00:00:23.719 --> 00:00:26.000 even in small amounts as low as fifty bucks, you 8 00:00:26.120 --> 00:00:29.519 can start accumulating gold and silver on a regular basis. 9 00:00:29.519 --> 00:00:32.200 It's a great way to do a savings program. And 10 00:00:31.600 --> 00:00:34.479 it's a great service that he offers to people. And 11 00:00:34.520 --> 00:00:37.600 I'm sure you have been very, very busy the last 12 00:00:37.600 --> 00:00:39.799 couple of weeks. Couldn't come on the show yesterday, but 13 00:00:39.960 --> 00:00:41.640 glad to have you today. Thanks Tony. 14 00:00:42.280 --> 00:00:43.399 Oh, it's great to be back. 15 00:00:43.439 --> 00:00:45.960 And yeah, I couldn't come on the show yesterday just 16 00:00:46.000 --> 00:00:49.719 because of my schedule. I've never had this sort of 17 00:00:50.719 --> 00:00:54.920 mountain of activity weighing down. It's funny because we did 18 00:00:54.960 --> 00:00:58.600 a grand opening for my Texas location on which I'm 19 00:00:58.640 --> 00:01:01.280 here now in Dennis and Towns. I have an old 20 00:01:01.320 --> 00:01:04.200 branch Bank of America Bank that we took and made 21 00:01:04.239 --> 00:01:07.640 into Wisewolf Gold Silver Bitcoin. So we did a ribbon 22 00:01:07.680 --> 00:01:10.400 cutting and I was telling the people there. I was like, well, 23 00:01:10.439 --> 00:01:12.719 you know, this is the operations that started out in 24 00:01:12.760 --> 00:01:17.799 a shopping center in San Antonio, and now we've got, 25 00:01:17.840 --> 00:01:21.120 you know, two locations in two different states, and you 26 00:01:21.159 --> 00:01:26.040 know the membership subscription program. We're a national dealer and 27 00:01:26.239 --> 00:01:28.799 we are completely swamped. And we're swamped in a way 28 00:01:28.799 --> 00:01:32.560 that's I think very telling of where we are as 29 00:01:32.640 --> 00:01:35.319 an economy and what's going on with the monetary system. 30 00:01:35.400 --> 00:01:38.680 And we become a selling hub. 31 00:01:38.879 --> 00:01:43.840 People are just selling me massive amounts of silver, some gold, 32 00:01:44.319 --> 00:01:47.640 but lots of silver. And because this is silver's just passed, 33 00:01:47.640 --> 00:01:50.359 it's all time high. We broke that forty five year mark, 34 00:01:50.480 --> 00:01:52.799 I think, all the way up to past fifty four 35 00:01:52.840 --> 00:01:55.640 dollars an ounce, close to, if not fifty five in 36 00:01:55.719 --> 00:01:59.599 some futures metrics, and I think we're just getting started, 37 00:01:59.640 --> 00:02:02.840 and this happened. Really is the dam broke? It seemed 38 00:02:02.840 --> 00:02:06.920 in the last thirty days, David, and some of the 39 00:02:06.959 --> 00:02:10.439 metrics that I'm seeing, which are kind of some inside baseball, 40 00:02:10.479 --> 00:02:13.240 it's now taking five to seven days for the trading 41 00:02:13.280 --> 00:02:16.680 floor to give me credit for anything that I give them. Wow, 42 00:02:18.080 --> 00:02:22.479 certain large refiners have stopped buying scrap silver or sterling 43 00:02:22.560 --> 00:02:26.240 silver or pre nineteen sixty five coinage at any cost. 44 00:02:26.319 --> 00:02:30.280 They will not pay you for it, so that the 45 00:02:30.280 --> 00:02:33.080 institutional buying is on and. 46 00:02:33.080 --> 00:02:36.719 The retail side of people there are still buyers, but 47 00:02:36.759 --> 00:02:40.560 it's a complete inversion of the model. 48 00:02:40.719 --> 00:02:44.199 So we are at interesting times, and you know, I. 49 00:02:44.120 --> 00:02:46.639 Don't a lot of people might think this is some 50 00:02:46.680 --> 00:02:49.120 sort of bubble, but like you and I were texting 51 00:02:49.560 --> 00:02:51.680 a couple of days ago, I don't think this is 52 00:02:51.719 --> 00:02:52.479 a bubble at all. 53 00:02:52.800 --> 00:02:54.159 I think we're just getting started. 54 00:02:54.280 --> 00:02:54.520 Yeah. 55 00:02:54.599 --> 00:02:56.800 No, I mean, all the things that have made this 56 00:02:57.000 --> 00:02:59.879 rise are all still in place, and there's no soul 57 00:03:00.400 --> 00:03:04.240 for these problems that are there. So what you're seeing is, 58 00:03:04.280 --> 00:03:07.400 of course the institutions are buying silver, but you're seeing 59 00:03:07.400 --> 00:03:11.479 that at retail people are selling it because again maybe 60 00:03:11.479 --> 00:03:13.280 they got it for a rainy day and it's raining 61 00:03:13.360 --> 00:03:17.840 right now for most people, and so they're starting to 62 00:03:17.840 --> 00:03:20.319 sell that in And I saw that report, I guess 63 00:03:20.319 --> 00:03:23.599 about six months or maybe seven months ago. We talked 64 00:03:23.599 --> 00:03:28.319 about that, and it was at a coin show where 65 00:03:28.639 --> 00:03:30.719 you know, people go and buy and sell gold and 66 00:03:30.759 --> 00:03:33.240 silver and things like that, and this guy went around 67 00:03:33.319 --> 00:03:36.400 talking to all the different people at their tables, you know, 68 00:03:36.520 --> 00:03:39.840 very much like a gun show. We have small we 69 00:03:39.879 --> 00:03:42.120 have retailers who have set up a shop there, and 70 00:03:42.159 --> 00:03:43.960 they're all saying the same things that you know, we've 71 00:03:44.000 --> 00:03:47.159 got people who want to sell, but the retail level 72 00:03:47.159 --> 00:03:49.879 they're not buying. And that was really before it started 73 00:03:49.879 --> 00:03:52.800 making making these big moves that it's making now. It's 74 00:03:52.840 --> 00:03:55.639 a lot of those people lost out on that. But yeah, 75 00:03:55.840 --> 00:03:58.199 you know, it's it's pretty amazing. And we got up 76 00:03:58.199 --> 00:04:02.680 over forty three hundred forty didn't we on gold? 77 00:04:02.800 --> 00:04:03.919 Yeah, on gold for. 78 00:04:04.479 --> 00:04:05.879 Way past forty three hundred. 79 00:04:05.919 --> 00:04:08.800 We were the mid like forty three to twenty five 80 00:04:09.120 --> 00:04:11.080 this morning, and then we've yeah, there's taken. 81 00:04:11.159 --> 00:04:12.639 There's some profit taking going on. 82 00:04:12.879 --> 00:04:15.960 That happens on Fridays a lot, so there's some profit 83 00:04:16.000 --> 00:04:17.759 taking going on both gold and silver. 84 00:04:18.319 --> 00:04:20.399 Well, this article is like a day or so old, 85 00:04:20.480 --> 00:04:22.720 so it's oh, yeah, another day, another hundred dollars. 86 00:04:24.439 --> 00:04:28.959 Just the metrics on that. And you know, i'm my 87 00:04:29.079 --> 00:04:29.879 research right now. 88 00:04:30.000 --> 00:04:32.399 What I'm seeing, I don't know how a lot of 89 00:04:32.439 --> 00:04:35.879 these bigger companies they may not make it. I'm talking 90 00:04:35.879 --> 00:04:39.680 the bigger gold and silver, the bullyon houses because there's 91 00:04:39.720 --> 00:04:44.560 gonna be some real strain between paper contracts and between 92 00:04:44.560 --> 00:04:47.879 what they hold, especially if there's a market pullback, because 93 00:04:47.920 --> 00:04:50.879 you could see a sell off in gold that brings 94 00:04:50.879 --> 00:04:52.199 it back under four thousand. 95 00:04:52.680 --> 00:04:54.120 But that's an if. 96 00:04:54.399 --> 00:04:55.000 And I don't know. 97 00:04:55.079 --> 00:04:59.800 I mean, the geopolitical issues and central bank goal buying 98 00:04:59.800 --> 00:05:02.839 make just keep that price going indefinitely. 99 00:05:03.000 --> 00:05:03.399 I don't know. 100 00:05:03.800 --> 00:05:05.839 Yeah, but I think if it pulls back, I think 101 00:05:05.879 --> 00:05:07.439 it'll be a pause. But I don't think it's going 102 00:05:07.519 --> 00:05:09.959 to be you know, reversal like we saw happen in 103 00:05:09.959 --> 00:05:11.199 the nineteen eighties, you know. 104 00:05:11.519 --> 00:05:13.560 Or two thousand and elect Well, there will there won't 105 00:05:13.600 --> 00:05:16.240 be another twenty and eleven where we hit almost two 106 00:05:16.279 --> 00:05:19.240 thousand and then pull back to you know, eleven hundred 107 00:05:19.240 --> 00:05:20.360 and twelve hundred dollars an ounce. 108 00:05:20.360 --> 00:05:21.439 It's not happening. 109 00:05:23.120 --> 00:05:25.959 There's too much going on in the monetary system around 110 00:05:26.000 --> 00:05:28.680 the world. There's there's too much deed dollarization going on 111 00:05:28.759 --> 00:05:29.639 in uncertainty. 112 00:05:30.319 --> 00:05:31.680 But it is interesting to watch. 113 00:05:31.680 --> 00:05:34.120 And you mentioned, you know, my subscription program is a 114 00:05:34.160 --> 00:05:36.439 lot of those people. Yeah, you get you can start 115 00:05:36.439 --> 00:05:38.879 out at fifty dollars. Just the packages get lighter and 116 00:05:38.959 --> 00:05:41.120 lighter folks. There's nothing I can do about it because 117 00:05:41.160 --> 00:05:43.680 if you're seeing the prices, we put as much as 118 00:05:43.680 --> 00:05:45.959 we can in those packages. And if you started out, 119 00:05:46.120 --> 00:05:48.279 you know, a while ago with me, you've done really well. 120 00:05:48.319 --> 00:05:50.439 But so it's saving you shipping costs. 121 00:05:50.560 --> 00:05:55.920 Right, that's a good. That is a good. Uh, you know, 122 00:05:55.959 --> 00:06:00.000 it's a silver lining. No fun intended, but it is. 123 00:06:00.120 --> 00:06:02.240 It is interesting. A lot of those folks are up. 124 00:06:02.839 --> 00:06:06.560 Everybody that's been wolfpack is up. But yeah, the the 125 00:06:06.639 --> 00:06:10.600 average walk in customer that's just gonna buy some silver, 126 00:06:10.759 --> 00:06:11.759 buy some gold, I do. 127 00:06:11.800 --> 00:06:12.560 Not see those. 128 00:06:12.720 --> 00:06:15.079 I mean, that's not I mean, it's a rarity at 129 00:06:15.079 --> 00:06:17.680 this point. And we're just scrambling because of cash flow. 130 00:06:19.040 --> 00:06:21.600 Keeps me busy, David, trying to figure out where to 131 00:06:21.600 --> 00:06:23.120 put all this stuff I got. I think I got 132 00:06:23.120 --> 00:06:25.279 a thousand ounces of silver behind me on the desk, 133 00:06:25.360 --> 00:06:28.040 goes sorting through this morning, trying to figure out where 134 00:06:28.079 --> 00:06:30.959 am I going to sell it? You know, so and 135 00:06:31.439 --> 00:06:33.759 especially when the price dips, you know, because we buy 136 00:06:34.600 --> 00:06:35.000 pay for. 137 00:06:35.000 --> 00:06:35.480 It so high. 138 00:06:35.480 --> 00:06:38.839 So I think I'm really thankful that I have the 139 00:06:39.319 --> 00:06:41.600 model of the business model that I have because I'm 140 00:06:41.600 --> 00:06:43.680 not under this massive I don't have the sort of 141 00:06:43.720 --> 00:06:46.879 damicles over me. I'm gonna make it. It's gonna be fine. 142 00:06:46.879 --> 00:06:51.680 But I can't imagine housing this stuff with this price 143 00:06:51.800 --> 00:06:54.000 volatility and this these numbers. 144 00:06:54.600 --> 00:06:57.000 So that's the thing that's happening throughout our economy. 145 00:06:57.040 --> 00:06:59.439 You know, you look at all these small and medium 146 00:06:59.480 --> 00:07:01.839 sigence comempanies and how they are trying to deal with 147 00:07:01.839 --> 00:07:06.240 the chaos and volatility of Trump's tariffs, and it's this 148 00:07:07.079 --> 00:07:10.639 rapid rate of change, this acceleration that's happening with everything 149 00:07:11.000 --> 00:07:13.920 in different ways. It makes it really really difficult to 150 00:07:14.000 --> 00:07:17.439 survive when everything is changing so rapidly like that. 151 00:07:18.879 --> 00:07:22.399 Yeah, this is a metric I think of the chaos. 152 00:07:23.319 --> 00:07:27.160 And there was an article on zero Hedge that's up 153 00:07:27.160 --> 00:07:31.079 today about you should measure the growth and markets by gold, 154 00:07:31.160 --> 00:07:33.839 and you'll see they're not that impressive, like some of 155 00:07:33.879 --> 00:07:37.120 the things that they've built up, whether it's AI or 156 00:07:37.959 --> 00:07:40.759 you know, whether it's crypto or anything else, whether it's 157 00:07:40.759 --> 00:07:44.639 these new sectors, and you know, the stock market of 158 00:07:44.680 --> 00:07:46.600 the S and P. A lot of that stuff is 159 00:07:46.720 --> 00:07:50.000 just trading sideways if you actually look at it from 160 00:07:50.519 --> 00:07:54.839 gold's perspective, and gold is actually money. So the fault 161 00:07:54.839 --> 00:07:57.879 lines are there visibly for everybody to see that this 162 00:07:58.399 --> 00:08:03.000 is FIOT economy is built on fake and any sort 163 00:08:03.040 --> 00:08:06.759 of real strain or exposure to reality. 164 00:08:07.439 --> 00:08:09.519 Is detrimental to the FIAT system. 165 00:08:09.639 --> 00:08:12.199 I think that's what we're seeing with the uncertainty of 166 00:08:12.240 --> 00:08:17.839 the tariffs or the geopolitical tensions. Central banks are the buyers. 167 00:08:19.199 --> 00:08:21.360 I think what we'll see too, David, and I don't know. 168 00:08:21.439 --> 00:08:23.839 This is just a hunch in my own research, but 169 00:08:24.079 --> 00:08:27.839 I think that we'll start seeing other state actors being 170 00:08:27.879 --> 00:08:29.319 shown to be buying silver. 171 00:08:30.319 --> 00:08:32.159 India may be one of them as well. 172 00:08:33.320 --> 00:08:36.200 I know we talked about Russia putting silver on out 173 00:08:36.240 --> 00:08:39.320 front as a strategic reserve asset. I think that's one 174 00:08:39.360 --> 00:08:42.320 of the reasons why we're seeing silver in the price 175 00:08:42.360 --> 00:08:46.039 it is. Nation states are getting involved. You know, you 176 00:08:46.120 --> 00:08:50.320 mentioned Jamie demon and JP Morgan, the O their largest 177 00:08:51.080 --> 00:08:55.120 physical holder of private in the world, private holder of 178 00:08:55.120 --> 00:08:58.919 physical silver in the world, and of course they suppressed 179 00:08:58.919 --> 00:09:02.279 the price for a long time. Those price suppression moves 180 00:09:02.639 --> 00:09:06.279 aren't there anymore. That's another tell something else is up. 181 00:09:06.320 --> 00:09:11.960 And China's just put silver. China's stockpiling silver for their 182 00:09:12.000 --> 00:09:14.480 weapons systems in their industrial base as well. 183 00:09:14.879 --> 00:09:15.080 Well. 184 00:09:15.639 --> 00:09:19.679 Yeah, as far as Jamie Demon goes, he said, yeah, 185 00:09:19.720 --> 00:09:22.200 he sees a gold going five thousand. 186 00:09:22.240 --> 00:09:24.320 He said, maybe ten thousand in the short term. 187 00:09:25.039 --> 00:09:26.879 And he said, but I'm not buying any I'm not 188 00:09:26.919 --> 00:09:29.600 a buyer of gold. It cost four percent if I 189 00:09:29.720 --> 00:09:33.320 keep that talking about something that maybe is going to 190 00:09:33.360 --> 00:09:36.720 go up, you know, twenty twenty five percent, or maybe 191 00:09:36.960 --> 00:09:38.720 two hundred and fifty percent, But you don't want to 192 00:09:38.720 --> 00:09:40.799 pay that four percent. Think none of it makes any sense. 193 00:09:40.840 --> 00:09:42.559 But I remember he was doing the same kind of 194 00:09:42.600 --> 00:09:45.679 stuff with bitcoin. He was trash talking bitcoin at the 195 00:09:45.720 --> 00:09:48.360 same time that JP Morgan was setting up their own 196 00:09:48.360 --> 00:09:49.559 crypto stuff. 197 00:09:49.360 --> 00:09:52.000 Right, that's right, Yeah, he's I. 198 00:09:52.039 --> 00:09:54.960 Don't trust him. He will tell you. He'll tell you a. 199 00:09:54.960 --> 00:09:57.799 Story so that he can take advantage of the marketplace. 200 00:09:58.360 --> 00:10:02.240 I think, yeah, that's that pump and dump style of 201 00:10:02.320 --> 00:10:04.559 you know, the press release that he would do. I 202 00:10:04.600 --> 00:10:08.480 remember twenty eighteen and he was saying that him and 203 00:10:08.639 --> 00:10:10.720 Larry Fink by the way of Black Rocks. 204 00:10:10.519 --> 00:10:12.480 Saying that bitcoin was a. 205 00:10:14.200 --> 00:10:17.120 Yard stick of money laundering or something you know, as 206 00:10:17.159 --> 00:10:21.240 a measurement of money laundering and criminality and then they're, oh, 207 00:10:21.320 --> 00:10:24.879 we're going to launch the first successful bitcoin etf Okay. 208 00:10:24.960 --> 00:10:27.440 You know, so a lot of those things are don't 209 00:10:27.480 --> 00:10:31.000 buy it, don't buy it. Same thing with silver, but 210 00:10:31.159 --> 00:10:33.639 you know there's not if you go back to twenty 211 00:10:33.720 --> 00:10:37.960 and twenty one was I remember this vividly. There was 212 00:10:38.000 --> 00:10:40.919 the Wall Street bets crowd and they had this whole thing, 213 00:10:41.120 --> 00:10:43.039 the Reddit Raiders all this. Guys said buy all the 214 00:10:43.080 --> 00:10:46.120 physical silver. So people went into shops all over the 215 00:10:46.200 --> 00:10:48.919 United States and bought out all the physical silver. And 216 00:10:49.000 --> 00:10:50.639 I was one of those shops. People come in and 217 00:10:50.679 --> 00:10:54.639 just rated all the everything that I had, and the 218 00:10:54.679 --> 00:10:57.200 next day the spot price for silver went down. 219 00:10:58.360 --> 00:11:01.360 And I go, that is to tell because. 220 00:11:01.000 --> 00:11:05.600 They sold off one point three times the annual supply 221 00:11:05.679 --> 00:11:08.519 of silver in the paper market in one day. They 222 00:11:08.679 --> 00:11:11.320 just sold it, and so one point three times the 223 00:11:11.360 --> 00:11:13.799 annual supply, so it suppressed the price. That was I 224 00:11:13.840 --> 00:11:16.960 think that one of the last gas where you can 225 00:11:17.039 --> 00:11:20.240 show that there's no silver available but the price goes down. 226 00:11:20.480 --> 00:11:20.759 Wow. 227 00:11:20.759 --> 00:11:23.759 And that's that happened in February of twenty twenty one. 228 00:11:24.120 --> 00:11:27.360 Those moves aren't happening now, and I think the the 229 00:11:27.559 --> 00:11:30.879 tariffs and that was kind of you. Remember you and 230 00:11:30.919 --> 00:11:33.200 I talked on Halloween last year. I remember it was 231 00:11:33.279 --> 00:11:36.039 right before the election, because the election was on November 232 00:11:36.039 --> 00:11:38.000 fifth last year, and I was. 233 00:11:37.960 --> 00:11:39.639 Out in Florida. 234 00:11:40.679 --> 00:11:43.840 I remember we were discussing what was going to happen 235 00:11:43.879 --> 00:11:48.159 in the election. And you know, if Kamala Winds will 236 00:11:48.200 --> 00:11:51.919 see a increase in the price of silver and gold 237 00:11:51.960 --> 00:11:54.360 and crypto will take a hit because of the regulatory 238 00:11:55.600 --> 00:11:59.759 the oversight that the Biden administration and especially the left 239 00:11:59.799 --> 00:12:03.639 one to give crypto or Elizabeth Warren and if you know, 240 00:12:03.679 --> 00:12:08.080 Trump wins, crypto goes up and there'd be a discount 241 00:12:08.080 --> 00:12:10.320 on gold and silver. Well think about that discount that 242 00:12:10.360 --> 00:12:12.440 you talked about on your show or like, hey it's 243 00:12:13.600 --> 00:12:16.960 silver and gold went down after the election, and crypto 244 00:12:17.039 --> 00:12:19.240 went up. Of course, Bitcoin hit one hundred thousand in 245 00:12:19.320 --> 00:12:20.600 December of last year. 246 00:12:21.080 --> 00:12:22.480 I think it was December fourth. 247 00:12:22.679 --> 00:12:25.320 Remember I had that that commercial I did for the commercial. 248 00:12:25.399 --> 00:12:29.120 Yes, yeah, gold and sober are on sale. Boys and 249 00:12:29.159 --> 00:12:32.960 Girls was on sale, and that's right, it was. 250 00:12:33.720 --> 00:12:38.080 And I just think, you know, in previous bull markets, 251 00:12:38.159 --> 00:12:40.200 I'm not even sure I would call this a bull 252 00:12:40.279 --> 00:12:41.080 market for gold. 253 00:12:41.120 --> 00:12:43.600 I think this is this is just reality setting in. 254 00:12:43.879 --> 00:12:49.159 The dollars lost what forty five percent plus purchasing power 255 00:12:49.200 --> 00:12:50.720 against gold in the last year. 256 00:12:51.960 --> 00:12:52.840 That's if you're saving. 257 00:12:52.879 --> 00:12:55.639 And think about how devastating that is for or is 258 00:12:55.720 --> 00:12:59.600 going to be for somebody in just a regular consumer 259 00:12:59.759 --> 00:13:00.759 or their you know. 260 00:13:01.440 --> 00:13:03.559 Yeah, you put your money in the bank and not 261 00:13:03.600 --> 00:13:06.200 only did not even bother to pay you any interest now, 262 00:13:06.240 --> 00:13:09.679 but the dollars losing its value. So all these things 263 00:13:09.679 --> 00:13:13.159 that are there, the debt, the inflation, the new financial 264 00:13:13.200 --> 00:13:15.639 systems that are being built and everything, all of that 265 00:13:15.759 --> 00:13:18.480 is pushing people into gold. I'm just amazed to see 266 00:13:18.480 --> 00:13:23.799 it how many people are jumping into the ETFs, and 267 00:13:23.840 --> 00:13:25.480 that's been a big part of it. So you know, 268 00:13:25.480 --> 00:13:27.679 they're scrambling to try to get some gold to try 269 00:13:27.679 --> 00:13:30.559 to cover themselves. But I just look at it, and 270 00:13:31.440 --> 00:13:33.519 you know, if you're going to get gold, get physical 271 00:13:33.600 --> 00:13:38.360 gold or silver, don't get into these derivative funds. I 272 00:13:38.360 --> 00:13:40.879 think that's a very very risky thing. 273 00:13:40.919 --> 00:13:44.919 Frankly, I think it certainly can be. You got counterparty 274 00:13:45.000 --> 00:13:46.960 risks there, you know. And I'm like, and I've got 275 00:13:47.159 --> 00:13:49.600 I've got a silver coin in my hand, or I've 276 00:13:49.639 --> 00:13:52.600 got an ounce of gold or whatever. Some gold, I 277 00:13:52.639 --> 00:13:55.960 don't have any counterparty risk, especially if you're buying it 278 00:13:56.000 --> 00:13:57.799 from a dealer that you trust, and you know you 279 00:13:57.879 --> 00:14:00.960 source that product from the right place, you have no 280 00:14:01.080 --> 00:14:05.440 counterparty risk whatsoever. And that to me, you know, the 281 00:14:05.639 --> 00:14:08.320 we talked about the ultimate privacy coin really is an 282 00:14:08.399 --> 00:14:12.240 ounce of silver. It's the ultimate, the ultimate privacy coin 283 00:14:12.360 --> 00:14:16.519 between two people. There's no there's no blockchain, but that 284 00:14:16.799 --> 00:14:22.759 I think decentralized money. 285 00:14:21.279 --> 00:14:22.279 Really is the future. 286 00:14:22.799 --> 00:14:27.200 And I know that the banking overlords know that, the 287 00:14:27.240 --> 00:14:31.080 great reset folks know that they're trying desperately to to 288 00:14:31.200 --> 00:14:34.320 accelerate this plan of putting us all in some you know, 289 00:14:34.480 --> 00:14:40.759 digitized blockchain dystopian you know, un coin or something. They'd 290 00:14:40.879 --> 00:14:43.320 like to do that, but you know, it's chaos everywhere. 291 00:14:43.440 --> 00:14:45.879 It's just you know, you can see the fall of 292 00:14:45.960 --> 00:14:48.840 these fiat currencies on the horizon. It's not going to 293 00:14:48.919 --> 00:14:52.759 happen tomorrow, but it is happening. I mean, watching the 294 00:14:53.240 --> 00:14:53.879 death of that. 295 00:14:54.200 --> 00:14:55.799 And then I think, when you look at the crypto 296 00:14:55.960 --> 00:15:01.600 stuff again, this PayPal's crypto partner minted a whopping three 297 00:15:01.720 --> 00:15:05.679 hundred trillion with a tea worth of stable coins, and 298 00:15:05.720 --> 00:15:08.320 it was a technical error, so they were there for 299 00:15:08.360 --> 00:15:10.799 about a half hour, and then they stuck them in 300 00:15:11.360 --> 00:15:13.799 a wallet to essentially burn them and make sure they 301 00:15:13.840 --> 00:15:16.559 couldn't get there. But the question is, you know, if 302 00:15:16.600 --> 00:15:20.759 the stable coins, My first question was, how in the 303 00:15:20.799 --> 00:15:23.799 world can they create three hundred trillion dollars worth of 304 00:15:23.840 --> 00:15:26.480 stable coins if the stable coins are supposed to be 305 00:15:26.600 --> 00:15:30.679 tied to some finite resource like tea bills or gold 306 00:15:30.759 --> 00:15:33.919 or something like this. To me, that is a huge 307 00:15:34.039 --> 00:15:36.120 red flag for the whole stable coin thing. 308 00:15:36.240 --> 00:15:39.080 We've tied them to all the oxygen molecules on the planet. 309 00:15:39.159 --> 00:15:41.759 So yeah, well, as I think a zero hedge pointed 310 00:15:41.759 --> 00:15:44.480 out somewhere in the story that it's more than all 311 00:15:44.559 --> 00:15:50.000 the all the currency worldwide or something like that. 312 00:15:50.120 --> 00:15:53.639 Oh yeah, yeah, right, sure, mister PONSI would be proud of. 313 00:15:55.360 --> 00:15:56.759 This operation. Think of this. 314 00:15:56.879 --> 00:16:01.399 You create a digitized coin and you say, well, this 315 00:16:01.519 --> 00:16:03.679 is tethered to the dollar. So it's like, you make 316 00:16:03.720 --> 00:16:06.279 this thing outside of the dollar, but it's supposed to 317 00:16:06.360 --> 00:16:08.200 be tethered to the value of the dollar, and it's 318 00:16:08.200 --> 00:16:10.960 back by whatever you say you back it by. But 319 00:16:11.000 --> 00:16:13.279 people put and buy those units, and then you take 320 00:16:13.279 --> 00:16:15.679 those units and you buy gold with them, David, because 321 00:16:15.679 --> 00:16:19.879 that's what they're doing. Matter of fact, think about that, 322 00:16:20.000 --> 00:16:22.799 they're buying gold, buying some bitcoin, but they're buying gold. 323 00:16:22.799 --> 00:16:25.720 And they're also taking some of those same dollars that 324 00:16:25.759 --> 00:16:27.799 you buy in and you you know, dollar for dollar 325 00:16:27.840 --> 00:16:31.360 and you match them and you get a blockchain digitized 326 00:16:31.440 --> 00:16:35.200 dollar and they're gonna buy gold mining stocks because that's 327 00:16:35.240 --> 00:16:36.000 what they're doing too. 328 00:16:36.080 --> 00:16:37.159 That was up on Kitko. 329 00:16:38.519 --> 00:16:40.960 A lot of these this could be as well, like 330 00:16:41.039 --> 00:16:44.039 a lot of the acceleration and I think after the 331 00:16:44.039 --> 00:16:49.919 Genius Act, and we talked about this to rehouse value, 332 00:16:49.960 --> 00:16:52.559 they may just be dumping into it. May be a 333 00:16:52.600 --> 00:16:57.360 transition of some kind, like the like the digitized stable 334 00:16:57.399 --> 00:16:59.519 coin is going to identify as the dollars, and I'm 335 00:16:59.519 --> 00:17:02.879 talking about that of transition, and they're gonna they're gonna 336 00:17:02.879 --> 00:17:05.480 be buying up all these commodities with the things that 337 00:17:05.799 --> 00:17:08.359 people buy and you give them real value and they 338 00:17:08.400 --> 00:17:12.240 turn around and buy something else with it. There's this 339 00:17:12.279 --> 00:17:14.920 is this is a transfer of wealth and wrapping your 340 00:17:14.960 --> 00:17:17.079 head around it, you know, because we don't on the inside, 341 00:17:17.119 --> 00:17:18.799 I don't see it, but I look and see there's 342 00:17:18.839 --> 00:17:20.079 something up here. 343 00:17:20.519 --> 00:17:23.200 Yeah, you know when you have this is the stat here. 344 00:17:23.559 --> 00:17:27.200 It requires more than double the world's estimated total GDP 345 00:17:27.960 --> 00:17:30.480 to have three hundred trillion dollars worth US something like that. 346 00:17:30.640 --> 00:17:32.920 So they just make this up out of nowhere. You know, 347 00:17:32.960 --> 00:17:34.839 this is one things Tony. When we look at the 348 00:17:34.880 --> 00:17:37.039 Genius Act, I think I know where they came up 349 00:17:37.039 --> 00:17:39.559 with that that name. Somebody said, you know, we want 350 00:17:39.599 --> 00:17:43.039 to set up a CBDC and uh, but people are 351 00:17:43.079 --> 00:17:45.359 onto us about that. And not only that, but people 352 00:17:45.480 --> 00:17:49.640 onto our scam about the Fiat currency. Can't get central 353 00:17:49.640 --> 00:17:52.839 banks and other nations to buy it anymore. So somebody says, 354 00:17:52.880 --> 00:17:55.759 well the stable coin thing. Somebody says, genius. 355 00:17:56.000 --> 00:18:02.000 Genius y genious Street Act. Yeah. 356 00:18:02.039 --> 00:18:05.680 The Patriot Act is supposed to target patriots. Yeah, and 357 00:18:05.720 --> 00:18:09.440 then you know, the Genius Act is against geniuses, the 358 00:18:09.680 --> 00:18:13.039 actual geniuses. People that would be like, no, that's not right, No, no, no, no, 359 00:18:13.200 --> 00:18:14.759 that's genius. 360 00:18:15.240 --> 00:18:16.079 Yeah. I tell you. 361 00:18:16.359 --> 00:18:19.440 It's just it's such a pump and dump scam. It's 362 00:18:19.440 --> 00:18:21.920 truly is amazing. But again, this is being brought to 363 00:18:21.920 --> 00:18:24.680 you by PayPal, in whom I don't have any confidence. 364 00:18:24.720 --> 00:18:27.599 These are the guys who kicked me off four and 365 00:18:27.640 --> 00:18:31.400 a half years ago. Yeah, twenty one May. 366 00:18:32.119 --> 00:18:33.720 And sorry, you know, I'm not going to give you 367 00:18:33.720 --> 00:18:36.759 any info about that. Yeah, just says it's to be terminated. 368 00:18:36.839 --> 00:18:40.319 So I took a little bit of Shaddenfreuder there saying 369 00:18:40.359 --> 00:18:42.799 that this was happening to PayPal in their stable coin, 370 00:18:42.960 --> 00:18:45.680 which is the sixth largest stable. 371 00:18:45.319 --> 00:18:46.000 Coin by the way. 372 00:18:46.920 --> 00:18:52.720 But I imagine that Lucky Lutnik is wondering what's going 373 00:18:52.799 --> 00:18:55.839 to happen in terms of people's confidence should be shaken 374 00:18:56.039 --> 00:18:57.000 in this thing, I think. 375 00:18:57.079 --> 00:19:00.839 But question here for Tony. It's from high Boost, he says. 376 00:19:00.960 --> 00:19:05.400 Ask Tony about Fink's comments about tokenizing the global economy. 377 00:19:07.480 --> 00:19:11.200 Oh, Larry Fink, Well, you know, and he's talked about 378 00:19:11.920 --> 00:19:14.000 they're trying to figure out how. 379 00:19:13.839 --> 00:19:14.799 To save real estate. 380 00:19:14.799 --> 00:19:17.680 In my opinion, they're trying to fit because real estate 381 00:19:17.799 --> 00:19:20.680 is a real problem around the world, especially after COVID 382 00:19:20.799 --> 00:19:23.079 nineteen eighty four, and you know, Jerald Silente has talked 383 00:19:23.079 --> 00:19:28.039 about this, like those massive office complex and high rises 384 00:19:28.079 --> 00:19:31.000 that were vacated over the and then then propped up 385 00:19:31.039 --> 00:19:33.720 like so these are a lot of these companies are zombies, 386 00:19:33.799 --> 00:19:36.559 you know. And you've had that Canadian retirement Fund like 387 00:19:36.559 --> 00:19:38.960 the National Fund sold a high rise for a dollar 388 00:19:39.079 --> 00:19:41.599 last year or something like that because just for the debt, 389 00:19:41.720 --> 00:19:44.880 just for the assumption of debt. So real estate I 390 00:19:44.920 --> 00:19:48.079 think is in a big bubble and they've got to. 391 00:19:48.039 --> 00:19:49.160 Provide all this. 392 00:19:51.039 --> 00:19:52.839 You know, return for their clients because a lot of 393 00:19:52.880 --> 00:19:56.480 these Vanguard and black Rock and all these people, you know, 394 00:19:56.559 --> 00:19:59.039 it's just offering like we're going to use your money 395 00:19:59.039 --> 00:20:01.640 and shuffle it around and you'll get X return, and 396 00:20:01.680 --> 00:20:04.880 then there's going to be this I think real estate's overbought. 397 00:20:04.960 --> 00:20:08.119 It's had to house too much failure from FIAT, and 398 00:20:08.160 --> 00:20:10.960 it's an illusion, in my opinion. There's lots of there's 399 00:20:11.000 --> 00:20:13.759 some great podcast out there by bitcoiners who have gone 400 00:20:13.759 --> 00:20:16.359 from real estate to bitcoin. I think that's an interesting 401 00:20:17.119 --> 00:20:19.839