WEBVTT 1 00:00:07.040 --> 00:00:10.080 Joining us now is Tony Arburn of Wisewolf Gold and Silver. 2 00:00:10.279 --> 00:00:13.039 And of course you can get to Tony through David Knight, 3 00:00:13.119 --> 00:00:15.599 not Gold. Lets him know that you came through us. 4 00:00:15.800 --> 00:00:18.679 Thank you for joining us, Tony. It's been another interesting week, 5 00:00:18.760 --> 00:00:20.039 hasn't it with gold and silver? 6 00:00:22.839 --> 00:00:23.559 Interesting week? 7 00:00:24.039 --> 00:00:26.519 When I got off air with you last week, at 8 00:00:26.519 --> 00:00:29.760 this time, gold was trading around fifty five hundred and 9 00:00:29.760 --> 00:00:32.079 fifty six hundred an ounce, and then the next day 10 00:00:32.159 --> 00:00:34.240 I woke up and I set prices and I started 11 00:00:34.280 --> 00:00:37.560 to see just the red on the screen. And the 12 00:00:37.640 --> 00:00:40.520 same thing with silver. It went from like one hundred 13 00:00:40.520 --> 00:00:45.359 and ten dollars an ounce down to seventy something. Yeah 14 00:00:45.759 --> 00:00:49.840 about something. Gold dropped almost one thousand dollars an ounce 15 00:00:49.880 --> 00:00:52.039 and then bounced back. So yeah, at the top it 16 00:00:52.079 --> 00:00:55.759 was fifty seven hundred that's last week, and then down 17 00:00:55.799 --> 00:00:58.119 to forty seven hundred or so. And that happened in 18 00:00:59.000 --> 00:01:02.840 a twenty four hour So yeah, why we'll survive the 19 00:01:02.960 --> 00:01:06.120 largest downturn of gold and silver and history in a 20 00:01:06.200 --> 00:01:07.000 flash like that. 21 00:01:07.239 --> 00:01:09.599 So wow, I don't envy you. 22 00:01:09.640 --> 00:01:11.239 I don't know how you do it, because I tell 23 00:01:11.239 --> 00:01:15.519 you this is yeah, this is absolutely crazy. The big 24 00:01:15.560 --> 00:01:17.519 swings that are going back and forth. What do you 25 00:01:17.519 --> 00:01:20.439 think I mean, some people have said that they think that, 26 00:01:20.799 --> 00:01:22.680 of course, a lot of people are getting out of bitcoin, 27 00:01:22.719 --> 00:01:26.560 perhaps getting into gold. Maybe these guys are then selling 28 00:01:26.599 --> 00:01:29.120 off gold because they've got to cover short positions that 29 00:01:29.159 --> 00:01:31.120 are starting to drop. What do you think was going 30 00:01:31.120 --> 00:01:31.680 on behind that? 31 00:01:32.799 --> 00:01:34.599 Well, I think it's a lot of factors. 32 00:01:35.200 --> 00:01:41.799 Thesh nomination carried a certain psychological weight to it. A 33 00:01:41.840 --> 00:01:44.319 lot of people went back to his previous remarks about 34 00:01:44.319 --> 00:01:47.480 a strong dollar and his supportive of things like bitcoin 35 00:01:47.519 --> 00:01:51.959 and other things, and there was this feeling that, oh, well, 36 00:01:51.959 --> 00:01:53.640 the dollar is going to be strengthened. That was at 37 00:01:53.760 --> 00:01:55.680 least some of the press release that was out. But 38 00:01:55.719 --> 00:01:58.840 if you're following any of this or paying attention, you 39 00:01:58.879 --> 00:02:02.439 know the Trumpet minute, and Trump himself has talked about 40 00:02:02.480 --> 00:02:05.439 the need for a week dollar. The whole premise of 41 00:02:05.519 --> 00:02:08.400 everything that if there is a strategy here at all, 42 00:02:08.759 --> 00:02:09.840 the strategy is just. 43 00:02:09.800 --> 00:02:10.560 A week dollar. 44 00:02:10.719 --> 00:02:14.280 And the you know, the berating of Jerome Power for 45 00:02:14.360 --> 00:02:18.199 not lowering rates over the last year. You think that 46 00:02:18.280 --> 00:02:20.919 the new nominees not going to just lower rates. I mean, 47 00:02:20.919 --> 00:02:23.080 that's where we're going we're going to lower rates, we're 48 00:02:23.080 --> 00:02:26.120 gonna print, we're going to expand the money supply. That's 49 00:02:26.960 --> 00:02:29.599 the entire system is built off of that. So I 50 00:02:29.639 --> 00:02:33.800 thought that was a false narrative that was launched that 51 00:02:33.840 --> 00:02:36.919 pulled the price down a bit. But honestly, I think 52 00:02:36.960 --> 00:02:41.199 the system itself can't handle these prices the way that 53 00:02:41.280 --> 00:02:45.719 they are, David, I'm seeing it on my level. You know, 54 00:02:45.759 --> 00:02:49.159 the wholesalers are now not even locking trades anymore. You 55 00:02:49.879 --> 00:02:52.520 can't get liquid for seven to ten days. It's a 56 00:02:52.560 --> 00:02:55.280 three to four week window to get paid out at wholesalers. 57 00:02:55.319 --> 00:02:59.280 The whole system is cracking because everybody's trying to sell 58 00:02:59.319 --> 00:03:02.479 it at once, and of course there are buyers. You know, 59 00:03:02.520 --> 00:03:06.840 the average buying from central banks of gold alone last 60 00:03:06.919 --> 00:03:11.919 year was twenty seven tons a month, twenty seven tons 61 00:03:11.919 --> 00:03:14.520 a month in the year of twenty twenty five. So no, 62 00:03:14.520 --> 00:03:16.960 none of the demand is going away. All the fundamentals 63 00:03:17.000 --> 00:03:20.719 are there, all the demand is there, but it's bottlenecked 64 00:03:20.879 --> 00:03:24.080 and the prices are inviting, you know, the speculation to 65 00:03:24.159 --> 00:03:26.400 sell and to trade, and the whole thing. Even the 66 00:03:26.400 --> 00:03:30.840 London Exchange last week quote unquote air quotes, you know, 67 00:03:30.879 --> 00:03:33.800 they shut down because there was an internet issue or something. 68 00:03:33.840 --> 00:03:36.039 You know, they just shut down because these prices you're 69 00:03:36.080 --> 00:03:38.879 swinging all over the place, you can put you out 70 00:03:38.919 --> 00:03:42.039 of business. Yeah, and I think I think the stress 71 00:03:42.080 --> 00:03:44.639 on the market is definitely showing up. But the prices 72 00:03:44.639 --> 00:03:48.280 will go back above five thousand in gold for sure, 73 00:03:48.360 --> 00:03:50.759 one hundred dollars an ounce silver. We finally broke. The 74 00:03:51.240 --> 00:03:55.159 paper market is breaking, yeah, And so there's there's a 75 00:03:55.199 --> 00:03:56.319 lot of factors. 76 00:03:55.960 --> 00:03:58.000 Here and again when people feel like, oh, well. 77 00:03:58.080 --> 00:04:02.199 It's the dollars fund, like that's the sentiment from like 78 00:04:02.840 --> 00:04:07.599 the Wall Street you know, the people that watch CNBC. Oh, 79 00:04:07.680 --> 00:04:09.719 the dollar's going to be fine because now everything's gonna 80 00:04:09.719 --> 00:04:11.520 come out in the wash. You know, we're gonna put 81 00:04:11.520 --> 00:04:14.759 everything to the wash. It's gonna be fine. And it's 82 00:04:14.919 --> 00:04:18.439 it's not. So they may sell off positions in paper 83 00:04:18.560 --> 00:04:21.680 or do something and move do profit taking in gold 84 00:04:21.759 --> 00:04:25.160 or silver and then get into what AI stocks or 85 00:04:25.639 --> 00:04:28.120 I heard the last segment that you know you're bringing 86 00:04:28.160 --> 00:04:28.839 in the show. 87 00:04:28.680 --> 00:04:30.920 And where are they going? Yeah, where do you go? 88 00:04:31.079 --> 00:04:32.839 And you know we can talk bitcoin and other things. 89 00:04:32.879 --> 00:04:35.240 I think there's just a lot happening right now that 90 00:04:35.319 --> 00:04:38.839 are not normal market conditions, and you know, I'm just 91 00:04:38.879 --> 00:04:40.639 happy to be here and still survive it. 92 00:04:40.639 --> 00:04:48.040 It's yeah, congratulations, that's crazy. Well, you know again, I've 93 00:04:48.040 --> 00:04:51.680 been saying that white cold Trump does his pick. Now 94 00:04:51.720 --> 00:04:53.959 he picks somebody that I think is you know Wash. 95 00:04:54.040 --> 00:04:56.160 I think it is going to be a whitewash of 96 00:04:56.480 --> 00:04:58.920 what he really wants to do. Right, But we've seen 97 00:04:58.959 --> 00:05:01.360 Trump do this kind of stuff before. Oh look he's 98 00:05:01.399 --> 00:05:04.079 got cash. We're telling Den Bongino. Now we're really going 99 00:05:04.160 --> 00:05:08.720 to see the FBI get honest really right. So you 100 00:05:08.759 --> 00:05:12.120 think that anybody thinks that Kevin Walsh is going to 101 00:05:12.160 --> 00:05:14.399 be honest with us stuff. If you think that he's 102 00:05:14.399 --> 00:05:18.160 not going to do exactly what Trump wants done, you 103 00:05:18.199 --> 00:05:20.040 haven't been paying attention to Trump or anything else. 104 00:05:20.079 --> 00:05:23.879 Trump even joked, you know, I'll follow a lawsuit if 105 00:05:23.879 --> 00:05:25.319 he doesn't lower interest rates. 106 00:05:25.319 --> 00:05:26.800 Even joked about it already. 107 00:05:27.759 --> 00:05:29.959 That's right, you know, become lower interest rates and also 108 00:05:30.240 --> 00:05:33.680 probably do quantitative easing as well. You know Trump wants. 109 00:05:34.279 --> 00:05:36.959 This is this is the big print, I mean, and 110 00:05:37.120 --> 00:05:39.600 the book by Larry Lapard. You know, he put this 111 00:05:39.680 --> 00:05:42.120 thesis out a couple of years ago. It's the big print. 112 00:05:43.279 --> 00:05:46.720 And it's one big, massive push before they reset the 113 00:05:46.720 --> 00:05:47.879 whole monetary system. 114 00:05:47.879 --> 00:05:50.160 And I think that's what we're being primed for right now. 115 00:05:50.319 --> 00:05:53.920 As I was saying to you off air, these little 116 00:05:54.240 --> 00:05:58.399 signposts on the road, if you're paying attention, Tether has 117 00:05:58.439 --> 00:06:01.480 one hundred and eighty seven billion dollar market cap. 118 00:06:01.839 --> 00:06:06.680 Now what does tether do? Right? Tether? If you want 119 00:06:06.720 --> 00:06:09.360 to hold a digital dollar, it's tethered to the dollar. 120 00:06:09.759 --> 00:06:12.199 Yeah, do you put in the system and they go 121 00:06:12.240 --> 00:06:14.439 buy treasuries or they'll buy gold or do something. 122 00:06:14.480 --> 00:06:17.360 It backs whatever one to one that you do. 123 00:06:18.279 --> 00:06:21.399 And they've had a huge they buy gold like a 124 00:06:21.439 --> 00:06:22.120 central bank. 125 00:06:22.160 --> 00:06:24.040 Now they have big coin holdings. 126 00:06:24.240 --> 00:06:27.639 Yeah, So just that one stable coin one hundred and 127 00:06:27.720 --> 00:06:29.959 eighty seven billion dollar market cap. 128 00:06:30.399 --> 00:06:35.279 And again, stable coin is I think the the it's 129 00:06:35.319 --> 00:06:38.120 like the masked ice agents or something, right, this is 130 00:06:38.120 --> 00:06:41.399 the mask that pretends that it's not CBDC, but it 131 00:06:41.480 --> 00:06:45.000 is CBDC. It's got all the characteristics of CBDC. They 132 00:06:45.079 --> 00:06:48.480 made sure it had it, but it is. Larry Lutnik 133 00:06:48.560 --> 00:06:52.800 also a friend in powell long term post pedophile conviction. 134 00:06:52.920 --> 00:06:57.199 Even Larry Luttnak a big pal of Jeffrey Epstein, and 135 00:06:57.600 --> 00:07:01.120 tether is his baby and he's now our commerce secretary. 136 00:07:01.800 --> 00:07:03.600 What you know, we look at this, we got a 137 00:07:03.759 --> 00:07:09.399 Treasury secretary who is a source's right hand man. We've 138 00:07:09.399 --> 00:07:12.759 got Larry Lukmikku has been Jeffrey Epstein's right hand man 139 00:07:12.839 --> 00:07:17.000 and working on the tether coin and the stable coins 140 00:07:17.000 --> 00:07:19.759 and stuff like that, which they want to move us into. 141 00:07:19.800 --> 00:07:23.040 The previous commerce secretary that you had from a Trump 142 00:07:23.040 --> 00:07:27.079 administration was Wilbert Ross, who was a Rosschild agent all 143 00:07:27.160 --> 00:07:31.120 his life. Does anybody get a clue what's going on 144 00:07:31.160 --> 00:07:34.720 with the Trump regime? I mean, it's crazy, isn't it. 145 00:07:34.800 --> 00:07:37.079 One of my favorite memes in the last few years 146 00:07:37.240 --> 00:07:40.839 is just it shows the Earth and there's an arrow 147 00:07:40.879 --> 00:07:43.079 pointing towards it and it says you are here paying 148 00:07:43.160 --> 00:07:45.160 taxes to pedophiles and. 149 00:07:46.519 --> 00:07:48.480 Just if you want to know where you are, And 150 00:07:49.040 --> 00:07:50.839 I always thought that was fun. 151 00:07:50.879 --> 00:07:52.720 But yeah, when you dig deep enough and you find 152 00:07:52.759 --> 00:07:54.800 the roots of all these things, that's why people have 153 00:07:54.920 --> 00:07:57.879 always been I mean, it's skeptical of anything. That mean, 154 00:07:57.959 --> 00:08:03.720 gold's manipulated, silver's manipulated. Bitcoin maybe not its origin, but 155 00:08:03.920 --> 00:08:07.519 you know, somewhere along the way and maybe for nefarious 156 00:08:07.560 --> 00:08:10.560 purposes things have happened to Bitcoin is steered a certain way. 157 00:08:10.560 --> 00:08:16.480 That's certainly a potentiality. And you know, I see the 158 00:08:16.560 --> 00:08:19.759 interconnected of us all that there's no white night in 159 00:08:19.800 --> 00:08:21.639 any of this. I mean, but at the end of 160 00:08:21.680 --> 00:08:26.800 the day, we're in a monetary shift historically, the lights 161 00:08:26.920 --> 00:08:29.160 of which has never been seen. We've never actually gone 162 00:08:29.199 --> 00:08:30.839 through what we're going through. 163 00:08:30.879 --> 00:08:31.040 Now. 164 00:08:31.079 --> 00:08:35.519 There's no other historical precedent's been set, you know, to 165 00:08:35.559 --> 00:08:39.799 see a world reserve currency diminish the way that it is, 166 00:08:39.840 --> 00:08:42.519 like the dollar's doing, and this monetary reset happening with 167 00:08:42.559 --> 00:08:45.720 all the other countries banding together and gold reclaiming its place. 168 00:08:46.600 --> 00:08:50.600 At the same time, it's I think a race to 169 00:08:50.679 --> 00:08:54.320 figure out where value is. So everything's being repriced and 170 00:08:54.440 --> 00:08:57.480 sold off and bought off, and I think even manipulated 171 00:08:57.519 --> 00:08:58.919 for reasons for accumulation. 172 00:08:59.120 --> 00:09:01.080 So certainly get into that. 173 00:09:01.600 --> 00:09:04.720 And then you know, the reason we focus on physical 174 00:09:04.759 --> 00:09:07.360 possession of gold and silver is because you got these 175 00:09:07.360 --> 00:09:09.919 people like Epstein and Larry Fink and the rest of them. 176 00:09:10.240 --> 00:09:13.279 We're always coming up with these devices to try to 177 00:09:13.279 --> 00:09:16.039 take everything from everybody. And that's the fundamental part of 178 00:09:16.080 --> 00:09:18.919 the great taking. How they have gone through and changed 179 00:09:19.200 --> 00:09:22.679 the UCC definitions and the hierarchy of if there's a 180 00:09:22.759 --> 00:09:26.440 major financial collapse, the hierarchy of who gets to keep lot. 181 00:09:26.919 --> 00:09:28.360 And it turns out that if you think you want 182 00:09:28.360 --> 00:09:31.279 a stock or bond, your way down the list. The 183 00:09:31.480 --> 00:09:33.480 bokers are going to get paid, the bankers are going 184 00:09:33.519 --> 00:09:35.440 to get paid. You're probably not going to get paid 185 00:09:35.919 --> 00:09:37.720 because you're further down the list if there is a 186 00:09:37.759 --> 00:09:41.200 great financial crisis that they have engineered. And so that's 187 00:09:41.240 --> 00:09:42.919 what's really behind all this stuff. That's why you've got 188 00:09:42.960 --> 00:09:45.679 to get physical with things. And we've talked for the 189 00:09:45.679 --> 00:09:49.559 longest time about paper gold and paper silver, but again 190 00:09:50.080 --> 00:09:54.919 they're pushing so hard on tokenizing and securitizing everything, and 191 00:09:55.039 --> 00:09:58.679 it's just the two thousand and eight mortgage crisis on steroids. 192 00:09:58.879 --> 00:10:02.639 They take real things, real estate and houses, and they 193 00:10:03.039 --> 00:10:08.039 put it into this kind of artificial construct that they've 194 00:10:08.080 --> 00:10:11.399 created so they can manipulate and steal things from people. 195 00:10:11.480 --> 00:10:13.879 It's just amazing. Got a couple of questions for you, 196 00:10:13.960 --> 00:10:17.559 Tony Ratisbro. Thank you for the tip. He says, for Tony, 197 00:10:18.120 --> 00:10:20.000 now that the mystery of bitcoin is over, and I 198 00:10:20.000 --> 00:10:21.480 don't know that we know the mystery of it, but 199 00:10:21.519 --> 00:10:26.320 certainly we can see the structure, the organization, the funding, 200 00:10:26.799 --> 00:10:28.960 the political stuff that's there, and see how that was 201 00:10:29.000 --> 00:10:32.080 all kind of centered around Epstein and these elites that 202 00:10:32.120 --> 00:10:34.240 are focused around him. And I mean it's not just 203 00:10:34.279 --> 00:10:36.279 that he's one of the elites and he's partying with him. 204 00:10:36.320 --> 00:10:38.399 I mean he's putting this together with the guys that 205 00:10:38.919 --> 00:10:44.960 many people think actually were Satoshi Nakamoto the pseudonym, you know, 206 00:10:45.000 --> 00:10:47.000 a couple of guys who were developers. He's putting this 207 00:10:47.000 --> 00:10:48.759 stuff all together. Anyway, He says, So what do you 208 00:10:48.759 --> 00:10:51.519 think is going to happen to bitcoin? Maxi's will they 209 00:10:51.559 --> 00:10:55.279 sell and change their grift or they keep the bitcoin 210 00:10:55.320 --> 00:10:57.759 grift rolling so they don't get poor. What do you 211 00:10:57.759 --> 00:11:00.840 think is going to happen with that? I think Bitcoin's 212 00:11:00.919 --> 00:11:02.320 going away? I think. 213 00:11:03.080 --> 00:11:07.000 I mean, honestly, I'm a bit, a bit agnostic on 214 00:11:07.039 --> 00:11:08.919 all of this. They look through a lot of the 215 00:11:08.960 --> 00:11:12.120 stuff that dropped and there's some people that I follow 216 00:11:12.480 --> 00:11:15.279 that I've seen analysis on as far as with the 217 00:11:15.320 --> 00:11:18.559 Epstein involvement. He was a donor to MIT, so he's 218 00:11:18.679 --> 00:11:24.000 donating to these departments where they were working on bitcoin 219 00:11:24.039 --> 00:11:27.879 and its infancy past, the publishing of the white paper 220 00:11:27.960 --> 00:11:30.320 and the first transactions that you know that were done 221 00:11:30.399 --> 00:11:34.320 like January third, when bitcoin Chanuary third, two thousand and nine, 222 00:11:34.320 --> 00:11:37.080 when bitcoin came online, and of course you go back 223 00:11:37.120 --> 00:11:42.399 to the white paper came out on Halloween actually in 224 00:11:42.559 --> 00:11:43.720 October two thousand. 225 00:11:44.200 --> 00:11:48.120 That's kind of a significant considering eptein as a cultism 226 00:11:48.120 --> 00:11:49.960 and everything they have. 227 00:11:50.240 --> 00:11:53.600 I mean, it's one three and ten thirty one, and 228 00:11:54.399 --> 00:11:57.679 there's some other key dates in bitcoin. You have the 229 00:11:57.440 --> 00:11:59.799 the first pizza they bought, the pizza with it, and 230 00:12:00.120 --> 00:12:05.360 everything else. But I don't think that bitcoin is going away. 231 00:12:05.399 --> 00:12:08.480 I don't think it's gonna completely tank or anything like that. 232 00:12:08.559 --> 00:12:12.879 I think, honestly, I'm wondering if there's some triangulation in 233 00:12:12.919 --> 00:12:15.919 all of this for more accumulation at a lower price. 234 00:12:15.960 --> 00:12:18.440 I mean, we've seen that it can easily get hit 235 00:12:18.480 --> 00:12:19.279 one hundred thousand. 236 00:12:20.360 --> 00:12:21.159 It'll go back. 237 00:12:21.200 --> 00:12:24.120 I think it'll be back above that sometime this year, 238 00:12:24.200 --> 00:12:27.480 maybe next year. But it has I think it has 239 00:12:27.480 --> 00:12:30.519 a story yet to tell. There's nothing that there's nothing 240 00:12:30.639 --> 00:12:35.600 like bitcoin, So I don't know that remains to be seen. 241 00:12:35.759 --> 00:12:39.159 I could be wrong, by the way, I could be wrong, 242 00:12:39.200 --> 00:12:43.039 and I've always said that about my stance with bitcoin, 243 00:12:43.080 --> 00:12:46.559 because fundamentally, I think what bitcoin has done, if it 244 00:12:46.559 --> 00:12:49.080 does nothing else, even if it goes to zero right now, 245 00:12:49.399 --> 00:12:53.519 even if it crashed and became worthless, it changed a 246 00:12:53.519 --> 00:12:56.919 lot of people's minds. The people that actually started to 247 00:12:56.960 --> 00:12:59.440 look into it and look into the reasons why are 248 00:12:59.559 --> 00:13:02.960 suppose of the reasons why the the entire network was 249 00:13:03.000 --> 00:13:06.279 put into place, and what what the philosophy of setoshi 250 00:13:06.559 --> 00:13:09.279 was and what it was built for. You know, this 251 00:13:09.320 --> 00:13:12.759 is after the two thousand and eight crisis and we started, 252 00:13:12.879 --> 00:13:15.159 you know, bailing out the banks too big to fail 253 00:13:15.240 --> 00:13:17.240 and jail and all that stuff. And this was that 254 00:13:17.320 --> 00:13:21.919 was an unprecedented government you know, printing of currency and 255 00:13:22.759 --> 00:13:25.799 that link between the central bank and the government and 256 00:13:26.000 --> 00:13:28.919 all the rest that was happening to the money supply 257 00:13:29.000 --> 00:13:33.159 and the corruption. So I think bitcoin changed minds. It 258 00:13:33.240 --> 00:13:36.960 definitely changed. Uh, it changed history. So we'll see what 259 00:13:37.000 --> 00:13:41.240 happens with it. I don't think it's going away though, Yeah, yeah, 260 00:13:41.279 --> 00:13:43.200 it's uh. And of course many people have talked about 261 00:13:43.200 --> 00:13:46.039 the hijacking of bitcoin, how it started out as a 262 00:13:46.120 --> 00:13:48.799 replacement for currency and for money, but then they turned 263 00:13:48.799 --> 00:13:51.879 it into something like a commodity. And then you get 264 00:13:51.879 --> 00:13:54.080 the people like Epstein and Larry Fink and these guys, 265 00:13:54.080 --> 00:13:55.759 and it looks like they want to take them a 266 00:13:55.799 --> 00:13:59.879 guffin and securitize it, you know, make it into a token. 267 00:14:00.080 --> 00:14:00.639 And so. 268 00:14:02.440 --> 00:14:04.159 I look at it and it's just like, no, there's 269 00:14:04.200 --> 00:14:07.559 just too many layers and too many people like the 270 00:14:07.600 --> 00:14:09.919 ones who brought us two thousand and eight involved. It's 271 00:14:09.960 --> 00:14:13.159 a hard pass for me. Another question for you. February 272 00:14:13.159 --> 00:14:15.399 twenty seventh is a start date for the deliveries of 273 00:14:15.440 --> 00:14:18.960 the March contract. I've seen videos where they claim there 274 00:14:18.960 --> 00:14:21.679 will be a default. Is this true or is this 275 00:14:21.759 --> 00:14:24.799 AI generated garbage? Does Tony think there will be a 276 00:14:24.879 --> 00:14:28.879 default of the comics with March being a delivery month. 277 00:14:28.919 --> 00:14:29.480 What do you think? 278 00:14:31.039 --> 00:14:33.799 I think it's unlikely that there will be some massive 279 00:14:33.840 --> 00:14:35.279 default across the. 280 00:14:35.200 --> 00:14:37.159 Board, and it may be right now. 281 00:14:37.200 --> 00:14:41.360 I mean, these large institutions, you have to remember, they've 282 00:14:41.360 --> 00:14:47.360 got much more sophisticated equipment to run simulations, and they've 283 00:14:47.360 --> 00:14:50.000 got intel and things, and they'll be moving stuff around 284 00:14:50.600 --> 00:14:53.159 to try to avoid anything like that. But it is 285 00:14:53.360 --> 00:14:55.399 I mean, it is possible, but I would put that 286 00:14:55.480 --> 00:14:58.519 as a very Unlike, there's so much garbage floating around 287 00:14:59.080 --> 00:15:01.679 about gold and sel right now. There's so many grifters 288 00:15:02.279 --> 00:15:04.960 on the on the people send me stuff all the time, 289 00:15:05.519 --> 00:15:07.919 you know. I've seen if people send me stuff like hey, 290 00:15:07.960 --> 00:15:10.360 this these dealers all over the country saying people are 291 00:15:10.399 --> 00:15:13.039 lined out their doors buying silver, and I'm like, really, 292 00:15:13.080 --> 00:15:14.960 because I have two shops and two states, I don't 293 00:15:14.960 --> 00:15:16.919 see any what are you talking about? And then they'll 294 00:15:16.960 --> 00:15:20.279 send me stuff about, oh did you see Trump is 295 00:15:20.320 --> 00:15:25.200 going to put silver as some sort of like securitized 296 00:15:25.240 --> 00:15:28.519 thing and and and uh put it into the Strategic 297 00:15:28.559 --> 00:15:31.279 Reserve and all Americans must turn in their silver. I've 298 00:15:31.279 --> 00:15:34.080 seen so much stuff floating around. Some people gonna get clicks, 299 00:15:34.799 --> 00:15:38.679 but that's might. That might be one of those one 300 00:15:38.720 --> 00:15:41.120 of those little drops you know about the comax. You 301 00:15:41.200 --> 00:15:43.279 got to be careful of any of that stuff, either 302 00:15:43.279 --> 00:15:45.600 doom or gloom or if it's pie in the sky 303 00:15:45.799 --> 00:15:48.799 and just kind of a middle road. The metals markets 304 00:15:48.799 --> 00:15:53.159 are insane right now, but I don't think they're I 305 00:15:53.200 --> 00:15:55.360 don't think they're catastrophic, and I don't think we're gonna 306 00:15:55.399 --> 00:15:57.200 have this massive plunge either way. 307 00:15:57.840 --> 00:16:00.120 Yeah, a lot of people are looking at this and 308 00:16:00.480 --> 00:16:04.279 you know, saying this is the end of paper stuff 309 00:16:04.320 --> 00:16:09.240 because you've got the large exchanges of scrambling around for 310 00:16:09.240 --> 00:16:11.279 for actual physical gold and physical silver. 311 00:16:12.919 --> 00:16:14.919 Well, that's right, I mean, and it's that game has 312 00:16:14.919 --> 00:16:17.120 been played so long, but now it's I think we're, 313 00:16:17.320 --> 00:16:20.519 like I've mentioned before, the stepped out of the realm 314 00:16:20.679 --> 00:16:24.679 of where markets took us in the past, and we've 315 00:16:24.759 --> 00:16:30.159 entered into governmental financial warfare. You know, this is between 316 00:16:30.200 --> 00:16:35.120 governments and large institutions. It's between militaries and their developmental 317 00:16:35.200 --> 00:16:40.720 arms and things of you know, strategic stockpiles and things 318 00:16:40.840 --> 00:16:43.679 for both medals, not just to the monetary side for gold, 319 00:16:43.720 --> 00:16:47.360 but the industrial side for silver. So we've we've crossed 320 00:16:47.720 --> 00:16:51.879 a boundary that is no longer about just market forces. 321 00:16:52.799 --> 00:16:54.559 So what we're way beyond that. 322 00:16:54.240 --> 00:16:54.679 That's right. 323 00:16:55.399 --> 00:16:59.000 Yeah, So you know, when we look at the place 324 00:16:59.039 --> 00:17:01.000 you're trying to get everybody into stable coins, I think 325 00:17:01.000 --> 00:17:03.759 that's going to be a big part of it as well. 326 00:17:03.840 --> 00:17:07.240 But again the physical aspects. I've got a couple more 327 00:17:07.319 --> 00:17:11.359 questions here. Stevez says, we need to know as Tony 328 00:17:11.480 --> 00:17:14.440 buying medals again, if so, why and if not why. 329 00:17:15.680 --> 00:17:16.640 I never stopped. 330 00:17:17.440 --> 00:17:20.839 There was one I paused on Friday of last week 331 00:17:21.319 --> 00:17:24.759 in the afternoon just because I didn't know. The prices 332 00:17:24.839 --> 00:17:28.440 kept coming down so fast I couldn't I couldn't lock prices. 333 00:17:28.720 --> 00:17:32.279 That's so we're literally flying a little bit blind right now. 334 00:17:32.319 --> 00:17:36.200 I can't lock anywhere. I can't, so no hostsalers will 335 00:17:36.240 --> 00:17:38.200 lock my price. If I get one to lock it, 336 00:17:38.200 --> 00:17:40.720 it might take me a month to get paid. So 337 00:17:41.039 --> 00:17:43.599 there's a there's gonna be have to be some changes. 338 00:17:43.680 --> 00:17:46.240 I'm just rolling with the punches. But no wise Wolf 339 00:17:46.359 --> 00:17:50.680 is still available to buy product. But I would I 340 00:17:50.680 --> 00:17:53.880 would ask people, why are you selling if you don't 341 00:17:53.920 --> 00:17:56.920 have to, I would wait, you're going to get a 342 00:17:56.960 --> 00:18:00.240 better premium. Let this market stabilize. The reason and that 343 00:18:00.359 --> 00:18:04.599 dealers are having a hard time paying out near spot 344 00:18:05.279 --> 00:18:07.880 like we used to. I'd be happy to pay out 345 00:18:07.920 --> 00:18:12.400 near Spot. It's a happier customer. The problem is is 346 00:18:12.440 --> 00:18:14.920 that there's nowhere to sell it to, and if you 347 00:18:15.079 --> 00:18:17.200 try to sell it, like a lot of the places 348 00:18:17.200 --> 00:18:20.200 that used to get quick turnarounds, they're not liquid so 349 00:18:20.279 --> 00:18:23.359 you can't get out. And so these dealers are buying 350 00:18:23.400 --> 00:18:27.480 it twenty thirty percent under Spot and people are mad 351 00:18:27.480 --> 00:18:29.559 at that about that. Well, if you don't need to 352 00:18:29.559 --> 00:18:32.319 sell right now, don't because what will happen is all 353 00:18:32.359 --> 00:18:35.839 that bottleneck will get worked out, all the contracts will 354 00:18:35.880 --> 00:18:38.680 be filled, and everything will be fine again, and the 355 00:18:39.200 --> 00:18:42.160 premiums and the buying percentages will come up because the 356 00:18:42.200 --> 00:18:45.720 market will stabilize. So I think selling right now is 357 00:18:45.839 --> 00:18:47.799 a bad idea if you don't have to. 358 00:18:48.240 --> 00:18:52.319 Yeah, I agree, Trump Burger. What are Tony's thoughts on 359 00:18:52.359 --> 00:18:53.640 the gold and silver ratio? 360 00:18:55.880 --> 00:19:00.880 It's starting to correct into its natural territory. I think 361 00:19:01.319 --> 00:19:03.480 I've read about this for years. I think we've just 362 00:19:03.519 --> 00:19:09.400 had this weird upside down mismatch of what the gold 363 00:19:09.440 --> 00:19:13.039 silver ratio is supposed to be. History shows us it's 364 00:19:13.079 --> 00:19:17.559 between ten to twenty to one. Is about the way 365 00:19:17.599 --> 00:19:19.839 that you should price gold and silver. That's the way 366 00:19:19.960 --> 00:19:22.400 history's always been. We were sixteen to one at the 367 00:19:22.440 --> 00:19:26.519 founding of the United States up until nineteen thirty three. 368 00:19:26.759 --> 00:19:31.440 It's estimated that it's seventeen to one geologically, so there's 369 00:19:31.480 --> 00:19:34.200 seventeen ounces of silver for every one ounce of gold, 370 00:19:34.240 --> 00:19:39.519 so there's a natural component. I think it's finding its 371 00:19:39.599 --> 00:19:42.440 new balance, and I think what the see the paper 372 00:19:42.480 --> 00:19:47.200 market has always done this. It skewed the gold silver 373 00:19:47.319 --> 00:19:51.960 ratio so drastically that it was just ridiculous. At one time, 374 00:19:52.519 --> 00:19:55.400 it was one hundred and twenty five to one. Wow, 375 00:19:56.039 --> 00:20:00.720 and that was the first quarter of twenty twenty. And 376 00:20:01.160 --> 00:20:03.799 at one time, and you couldn't buy silver for that price, 377 00:20:03.880 --> 00:20:05.559 by the way, because people were calling I think it 378 00:20:05.599 --> 00:20:08.480 was twelve dollars an ounce and people were calling me, say, 379 00:20:08.519 --> 00:20:09.759 I need to place an order for silver. 380 00:20:09.799 --> 00:20:10.559 I'm like, there is none. 381 00:20:10.680 --> 00:20:13.440 I can't lock it anywhere because nobody wanted to sell 382 00:20:13.440 --> 00:20:15.920 at that price. So it's funny you'd have a market 383 00:20:15.960 --> 00:20:19.640 saying this is the price, but there's literally no supply. 384 00:20:20.039 --> 00:20:22.160 And that's when I started going way away a minute. 385 00:20:22.279 --> 00:20:25.680 So you're taking and that's the manipulation of the paper. 386 00:20:27.559 --> 00:20:30.039 Now it's just chaos everywhere. It's like you could have 387 00:20:30.119 --> 00:20:34.359 short supply and everybody wants to sell. Yeah, and so 388 00:20:35.480 --> 00:20:37.759 it's so upside down and all over the place. I 389 00:20:37.759 --> 00:20:41.519 think there's just the main reason is is because we're 390 00:20:41.519 --> 00:20:44.160 seeing like the rapid decline of the dollar and these 391 00:20:44.200 --> 00:20:47.799 other nations moving out of the currency into something else. 392 00:20:48.799 --> 00:20:49.000 Yeah. 393 00:20:49.039 --> 00:20:50.799 As I said at the beginning of this week, and 394 00:20:50.839 --> 00:20:54.000 I've had the big sell off over the weekend. I said, 395 00:20:54.039 --> 00:20:58.279 this is another Yukon Cornelias buying moment. Because the fundamentals 396 00:20:58.319 --> 00:21:02.440 haven't really changed. Markets will panic and you know, everybody 397 00:21:02.480 --> 00:21:04.880 will get wind of something and they'll go run chase it. 398 00:21:05.240 --> 00:21:08.400 And I remember there was we bought a dog for 399 00:21:08.559 --> 00:21:12.519 my aunt once, and we because she loved dogs, but 400 00:21:12.599 --> 00:21:15.920 she just wouldn't make the leap to do it. And 401 00:21:16.000 --> 00:21:18.599