WEBVTT 1 00:00:00.120 --> 00:00:03.839 The holidays are all about sharing with family, meals, couches, stories, 2 00:00:03.879 --> 00:00:06.960 Gramma secret pecan pie recipe, and now you can also 3 00:00:06.960 --> 00:00:10.080 share a cart with Instacart's family carts. Everyone can add 4 00:00:10.080 --> 00:00:12.400 what they want to one group cart from wherever they are, 5 00:00:12.480 --> 00:00:14.160 so you don't have to go from room to room 6 00:00:14.160 --> 00:00:16.760 to find out who wants cranberry sauce, or who should 7 00:00:16.760 --> 00:00:19.480 get many marshmallows for the ams, or collecting votes for 8 00:00:19.519 --> 00:00:22.440 sugar cookies versus shortbread. Just share a cart and then 9 00:00:22.480 --> 00:00:25.120 share the meals and the moments. Download the instacart app 10 00:00:25.160 --> 00:00:27.800 and get delivery in as fast as thirty minutes. Plus 11 00:00:27.920 --> 00:00:30.760 enjoy free delivery on your first three orders. Service fees 12 00:00:30.800 --> 00:00:31.480 and terms apply. 13 00:00:32.000 --> 00:00:35.640 Why get all your holiday decorations delivered through instacart Because 14 00:00:35.920 --> 00:00:39.359 maybe you only bought two wreaths but you have twelve windows, 15 00:00:39.520 --> 00:00:42.759 Or maybe your toddler got very eager with the advent calendar, 16 00:00:42.960 --> 00:00:46.079 or maybe the inflatable snowman didn't make it through the snowstorm, 17 00:00:46.320 --> 00:00:50.159 or maybe the twinkle lights aren't twinkling. Whatever the reason, 18 00:00:50.280 --> 00:00:52.359 this season, Instacart's here for hosts and. 19 00:00:52.280 --> 00:00:55.600 Their whole holiday haul. Get decorations from the home depots 20 00:00:55.640 --> 00:00:58.600 CBS and more through Instacart and enjoy free delivery on 21 00:00:58.640 --> 00:01:01.880 your first three orders of fees in terms ofpply all right. 22 00:01:01.960 --> 00:01:05.439 Joining us now is Tony Ardeban of Wisewolf Gold, and 23 00:01:05.480 --> 00:01:07.959 Tony has kindly set up David Knight dot Gold to 24 00:01:08.159 --> 00:01:09.840 take you to his website and let him know that 25 00:01:09.879 --> 00:01:13.280 you're coming through us. And it is a very interesting 26 00:01:13.400 --> 00:01:16.760 time for gold. We have seen this stuff skyrocket over 27 00:01:16.799 --> 00:01:19.920 a couple of couple of months, hitting all time highs 28 00:01:19.920 --> 00:01:22.840 every other day. Now the same thing is happening with 29 00:01:22.879 --> 00:01:26.359 bitcoin and gold is going back going down, and so 30 00:01:26.439 --> 00:01:28.640 I want to get Tony's take as to what is 31 00:01:28.680 --> 00:01:31.319 happening in the overall market. Thank you for joining us, Tony. 32 00:01:31.719 --> 00:01:32.959 Well, it's great to be here. David. 33 00:01:33.040 --> 00:01:36.120 Yeah, gold hit like it's all time high thirty five 34 00:01:36.159 --> 00:01:38.879 times this year and now it's pulled back. And see 35 00:01:38.879 --> 00:01:40.680 what it's spot price right now for gold. But we 36 00:01:40.760 --> 00:01:45.239 pulled back into twenty five and seventy one Luciferian bankster 37 00:01:45.319 --> 00:01:47.400 notes make a troy ounce to the yellow metal. And 38 00:01:47.680 --> 00:01:50.280 again we talked about this on Halloween, you know, two 39 00:01:50.319 --> 00:01:52.799 weeks ago about election outcomes. 40 00:01:53.040 --> 00:01:55.599 This is all psychological, yes, if there was a been. 41 00:01:55.760 --> 00:01:58.159 I think if there have been a Harris administration, gold 42 00:01:58.200 --> 00:02:01.480 would probably be at twenty eight hundred right now and climbing. 43 00:02:02.120 --> 00:02:05.280 Silver would be probably close to forty right now, and 44 00:02:05.359 --> 00:02:08.520 bitcoin would be pulled back into the fifty five thousand rangers. 45 00:02:08.520 --> 00:02:09.879 So that's what I predict. 46 00:02:09.919 --> 00:02:12.280 Agree with you, yeah, because it was clear that Harrison 47 00:02:12.360 --> 00:02:14.039 the Democrats are going to go to war with crypto. 48 00:02:14.240 --> 00:02:15.840 They've been doing, that's right, Yeah. 49 00:02:15.919 --> 00:02:19.039 Yeah, And I think there's just been status quo. But 50 00:02:19.120 --> 00:02:21.560 this is the unknown, and I think the psychological effect 51 00:02:21.639 --> 00:02:24.840 of a Trump victory and a Trump administration. 52 00:02:25.800 --> 00:02:26.360 It's funny. 53 00:02:26.360 --> 00:02:31.280 The underlying fundamentals though, that's what you've got to remember. 54 00:02:31.439 --> 00:02:35.719 All that's still there, yeah, deed, allarization, the fiscal house 55 00:02:35.719 --> 00:02:39.560 that's on fire, the global tensions, all the things that 56 00:02:39.680 --> 00:02:42.120 drive the price of gold are all still there. 57 00:02:42.280 --> 00:02:43.680 But we have this temporary low. 58 00:02:43.719 --> 00:02:46.360 And if you look at most market analysis right now, 59 00:02:46.400 --> 00:02:48.960 they're saying, well, gold's still going to be climbing to 60 00:02:49.199 --> 00:02:51.479 you know, twenty eight hundred into three thousand at the 61 00:02:51.479 --> 00:02:54.400 next year. That's all still predicted, but we have to 62 00:02:54.439 --> 00:02:57.199 get through this little phase that people are in right now. 63 00:02:57.280 --> 00:02:58.479 The markets are in a phase. 64 00:02:59.240 --> 00:03:04.879 I do think that that bitcoin fundamentally is reflecting true price. 65 00:03:05.159 --> 00:03:07.120 I think we're probably getting closer to that, and that 66 00:03:07.199 --> 00:03:10.520 really has to do with the amount of bitcoins. 67 00:03:09.879 --> 00:03:10.759 That exist, David. 68 00:03:10.800 --> 00:03:13.479 A lot of people say, well, there's twenty one million bitcoin. Well, 69 00:03:13.520 --> 00:03:15.879 actually there's not. There's only sixteen million if you take 70 00:03:15.919 --> 00:03:18.080 into account the millions that are lost and will never 71 00:03:18.120 --> 00:03:22.599 be recovered, or Sotoshi's wallets. I think that the bitcoin 72 00:03:22.680 --> 00:03:25.479 price is probably not too much of a hype, but 73 00:03:25.560 --> 00:03:27.360 I think it's hitting faster than it would have been 74 00:03:27.439 --> 00:03:31.840 under a Harris win. So we just post election, this 75 00:03:31.879 --> 00:03:35.280 is all psychological moving the markets, and I just tell 76 00:03:35.319 --> 00:03:39.639 people this is a time to look at bargains. I mean, 77 00:03:39.639 --> 00:03:41.680 you look at the silber price right now, David. It's 78 00:03:42.120 --> 00:03:46.039 thirty dollars and forty four cents. And you know, I 79 00:03:46.120 --> 00:03:48.159 bought a lot of silver in the last few weeks, 80 00:03:48.240 --> 00:03:50.199 and it's hurting right now because I got to sell 81 00:03:50.199 --> 00:03:51.960 a lot of silver that I bought. It's bought, you know, 82 00:03:52.080 --> 00:03:56.080 thirty three thirty four dollars, but I'm still holding. So 83 00:03:56.159 --> 00:03:58.520 we're cutting into a little bit of the my problem. 84 00:03:58.560 --> 00:04:01.120 That's just the game that you play when precious metals business. 85 00:04:01.159 --> 00:04:04.680 But fundamentally, the price of silver shouldn't be this cheap, 86 00:04:04.719 --> 00:04:06.080 and honestly neither should gold. 87 00:04:06.120 --> 00:04:07.439 All the things that drove the. 88 00:04:07.439 --> 00:04:10.319 Prices prior to the election are still there, so it 89 00:04:10.400 --> 00:04:11.439 is a time for bargains. 90 00:04:11.639 --> 00:04:12.000 Yeah. 91 00:04:12.120 --> 00:04:15.240 Yeah, Like you said, all the fundamentals that were causing 92 00:04:15.280 --> 00:04:17.199 gold to go up. It wasn't going up because of 93 00:04:17.920 --> 00:04:20.759 madness of crowds and popular delusions. It was going up 94 00:04:20.800 --> 00:04:23.959 because the fundamental things that were there, and it had 95 00:04:24.000 --> 00:04:26.480 been a long term thing. It was just starting to 96 00:04:26.519 --> 00:04:28.800 come up a little bit faster. So it's a rate 97 00:04:28.839 --> 00:04:30.680 at which things change. And I think when you talk 98 00:04:30.680 --> 00:04:33.839 about bitcoin, as you point out, it's not only just 99 00:04:34.000 --> 00:04:37.519 the expectation of what Trump is going to do and 100 00:04:37.639 --> 00:04:42.000 people around him like Lutnik, but it's also the fact 101 00:04:42.000 --> 00:04:44.879 that it's after you know, was it six months after 102 00:04:45.000 --> 00:04:47.879 they've did their having thing, you know, or they cut 103 00:04:47.920 --> 00:04:49.720 it in half. So there's some things like that that 104 00:04:49.759 --> 00:04:51.920 are happening there as well. But I think you're seeing 105 00:04:51.959 --> 00:04:54.480 a lot of people looked at gold and said, hey, 106 00:04:54.560 --> 00:04:58.240 it's that all these all time highs and it looks 107 00:04:58.279 --> 00:05:00.800 like everybody's jumping on the bandwagon and for crypto, so 108 00:05:00.839 --> 00:05:02.480 we can cash out of gold and jump on the 109 00:05:02.480 --> 00:05:05.480 crypto market, I think. But that's really yeah. I look 110 00:05:05.480 --> 00:05:10.199 at it as it's Black Friday early. Yeah, he texted 111 00:05:10.240 --> 00:05:11.879 me that money. It's true. 112 00:05:11.759 --> 00:05:14.240 Yeah, it's Black Friday early and all. This is really 113 00:05:14.399 --> 00:05:18.439 just fundamentally it's profit taking people that held positions and 114 00:05:18.519 --> 00:05:21.639 a lot in the paper markets, especially for bullion and contracts. 115 00:05:21.879 --> 00:05:25.480 They liquidated those contracts after the election results to put 116 00:05:25.480 --> 00:05:27.279 it back into the market, and a lot of that's 117 00:05:27.279 --> 00:05:31.000 flowing into crypto. The outflows are really coming out of 118 00:05:31.000 --> 00:05:34.279 the gold ETFs, the inflows are going into the bitcoin ETFs, 119 00:05:34.319 --> 00:05:36.560 and that's the way it's going to be probably until 120 00:05:36.879 --> 00:05:40.560 first quarter of twenty twenty five. But I think again, 121 00:05:40.639 --> 00:05:43.399 when the dust settles, the fundamentals will come back. We'll 122 00:05:43.439 --> 00:05:47.240 still see the bricks nations, you know, advancing the cross 123 00:05:47.240 --> 00:05:51.639 border payment systems. Gold it really is the reserve currency 124 00:05:51.639 --> 00:05:54.519 of the world now, even though there's still king dollar, 125 00:05:54.600 --> 00:05:58.439 but you see deed dollarization happening. And again that's I 126 00:05:58.480 --> 00:06:02.199 think really built in to the narrative here, is to 127 00:06:02.240 --> 00:06:04.639 pay attention to what really is and not what the 128 00:06:04.639 --> 00:06:05.480 markets are telling you. 129 00:06:05.480 --> 00:06:06.959 Because I think this is just temporary. 130 00:06:07.360 --> 00:06:10.160 Yeah, when you look at Lutnik, who is a co chair, 131 00:06:10.199 --> 00:06:12.839 you know, it's interesting the other co chair of the 132 00:06:12.920 --> 00:06:17.360 transition team for Trump is the wife of McMahon, the 133 00:06:17.680 --> 00:06:20.000 guy that did the World the WWE wrestling. 134 00:06:20.120 --> 00:06:20.639 That's mcman. 135 00:06:21.839 --> 00:06:25.959 It was his name, McMahon or yeah, McMahon. Yeah, it's 136 00:06:26.680 --> 00:06:30.759 it's a what a joke that anyway. But I guess 137 00:06:30.839 --> 00:06:33.279 during the transition period, that's where you see the president's 138 00:06:34.279 --> 00:06:37.759 change into address or whatever, you know, change their clothing, 139 00:06:37.759 --> 00:06:40.000 and they have a transition period during that they turn 140 00:06:40.079 --> 00:06:44.000 into something completely different. They identify as a different gender maybe, 141 00:06:44.120 --> 00:06:47.720 or as a different political party. Anyway, So he's there, 142 00:06:47.800 --> 00:06:50.639 and he's been a big advocate, as I'm sure you 143 00:06:50.680 --> 00:06:53.279 saw who was at Nashville making the case for there 144 00:06:53.399 --> 00:06:56.759 to be for the government to own crypto as reserve 145 00:06:57.399 --> 00:07:00.480 and also saying that it should be given the treatment 146 00:07:00.600 --> 00:07:03.560 that precious metals get that you know, should be treated 147 00:07:03.560 --> 00:07:07.360 as a commodity rather than as a security. And so 148 00:07:08.120 --> 00:07:10.240 with all that stuff that's there, you know that that 149 00:07:10.360 --> 00:07:12.759 is I think a lot of what is driving it now. 150 00:07:12.959 --> 00:07:14.879 You know, as we look ahead though, and we look 151 00:07:14.879 --> 00:07:17.519 at the fundamentals, and you look at Lutnick and what 152 00:07:17.600 --> 00:07:20.560 he's been involved in At Canter Fitzgerald. Uh, he was 153 00:07:20.639 --> 00:07:24.079 the king of ESG and then the other and he's 154 00:07:24.120 --> 00:07:27.199 now because there was a competition back and forth between 155 00:07:27.399 --> 00:07:32.720 Bestner and another guy I can't remember his name. Uh, 156 00:07:32.800 --> 00:07:36.680 and the other guy dropped out and so Nowtner Lutnick 157 00:07:36.759 --> 00:07:39.639 has put his name in the hat for Treasury secretary. 158 00:07:39.839 --> 00:07:43.160 So he got a choice between a kind of Larry 159 00:07:43.240 --> 00:07:49.720 Fink ESG guy and Sourus is right hand man. Yeah, 160 00:07:49.800 --> 00:07:52.279 what do you think is gonna happen to you know, 161 00:07:52.360 --> 00:07:54.040 the deficit and all the rest of this stuff and 162 00:07:54.079 --> 00:07:57.120 a Trump administration and that's where the fundamentals are right. 163 00:07:58.519 --> 00:08:01.759 Well, absolutely, And you know Larry's has been a black rock, 164 00:08:01.879 --> 00:08:05.279 has been a huge advocate of the bitcoin ETFs. I 165 00:08:05.279 --> 00:08:07.319 mean really they started it and has been pushing it 166 00:08:07.360 --> 00:08:08.160 behind the scenes. 167 00:08:08.639 --> 00:08:09.800 He's also anti gold. 168 00:08:09.839 --> 00:08:11.680 If you notice there's comments that have come out over 169 00:08:11.680 --> 00:08:17.160 the years, Larry think it's criticizing developing nations for gold 170 00:08:17.199 --> 00:08:19.680 mining and gold activities and things and getting away from 171 00:08:19.720 --> 00:08:22.600 the dollar in the traditional financial system. 172 00:08:23.160 --> 00:08:23.920 It's interesting. 173 00:08:24.519 --> 00:08:27.600 I think that again the bitcoin's being pushed by and 174 00:08:27.680 --> 00:08:30.160 you have to just kind of shrug and take this 175 00:08:30.240 --> 00:08:33.039 as with the information, with what you will. 176 00:08:33.120 --> 00:08:35.440 Because again I was at Nashville too. I watched that 177 00:08:35.559 --> 00:08:35.960 Robert F. 178 00:08:36.000 --> 00:08:38.759 Kennedy Junior talking about, you know, if he was elected president, 179 00:08:38.759 --> 00:08:40.799 he would buy order the Treasury to buy five hundred 180 00:08:40.840 --> 00:08:43.799 bitcoin a day until it hit about eighteen percent of 181 00:08:43.840 --> 00:08:47.759 the world's bitcoin reserves. Trump followed and said that he 182 00:08:47.799 --> 00:08:51.919 would make bitcoin a strategic reserve asset for the United States. 183 00:08:52.399 --> 00:08:53.919 That's what the bitcoiners call. 184 00:08:53.919 --> 00:08:57.399 Game theory, where around the world other nations start hoarding 185 00:08:57.440 --> 00:08:59.480 bitcoin and using it as. 186 00:08:59.440 --> 00:09:02.200 Strategic reserve asset. I do agree with that. 187 00:09:02.279 --> 00:09:03.799 I think that that's one way that you can do 188 00:09:03.840 --> 00:09:07.759 it electronically. But forgetting about precious metals and forgetting about 189 00:09:07.799 --> 00:09:11.080 the role that gold has played throughout history, I think 190 00:09:11.200 --> 00:09:14.159 is really short sighted and it may be a head fake. 191 00:09:14.320 --> 00:09:18.080 It's a lot alongs with JP Morgan Chase and what 192 00:09:18.120 --> 00:09:20.799 they've done with silver, shorting the silver market over the years, 193 00:09:20.799 --> 00:09:22.559 and they're you know, you go dig a little deeper 194 00:09:22.600 --> 00:09:25.080 and you find out that JP Morgan Chase is the 195 00:09:25.159 --> 00:09:28.080 largest holder of silver in the world. Why would they 196 00:09:28.159 --> 00:09:30.120 make why would they short the silver market, Why would 197 00:09:30.120 --> 00:09:32.919 they want to make the price go down. What's about accumulation. 198 00:09:33.519 --> 00:09:35.399 So again, this might be just a blind spot of 199 00:09:35.440 --> 00:09:37.919 head fake. You can put a lot of people into bitcoin. 200 00:09:38.399 --> 00:09:41.600 It's easy to accumulate, it's easy to get, it's electronic. 201 00:09:42.320 --> 00:09:45.039 But I don't think that it will supplant gold's role 202 00:09:45.320 --> 00:09:47.720 as a reserve currency of the world. I just don't 203 00:09:47.759 --> 00:09:50.840 see that. I think again, history is our guide here. 204 00:09:50.879 --> 00:09:53.480 There's something, there's a role that precious metals have in 205 00:09:53.519 --> 00:09:55.840 the story of humanity, and. 206 00:09:56.200 --> 00:09:57.759 I don't think that's going to go away. It'll be 207 00:09:57.799 --> 00:09:58.080 a part. 208 00:09:58.120 --> 00:10:01.840 And I think bitcoin if if it continues on this trajectory, David, 209 00:10:01.879 --> 00:10:04.600 and it's interesting to watch. If it continues on this, 210 00:10:05.240 --> 00:10:07.799 it will I have I think a rollout. 211 00:10:07.399 --> 00:10:11.960 That well, the holidays are all about sharing with family, meals, couches, stories, 212 00:10:11.960 --> 00:10:15.039 Gramma secret pecan pie recipe. And now you can also 213 00:10:15.039 --> 00:10:18.159 share a cart with Instacart's family carts. Everyone can add 214 00:10:18.159 --> 00:10:20.480 what they want to one group cart from wherever they are, 215 00:10:20.559 --> 00:10:22.240 so you don't have to go from room to room 216 00:10:22.240 --> 00:10:24.840 to find out who wants cranberry sauce, or who should 217 00:10:24.840 --> 00:10:27.559 get many marshmallows for the ams, or collecting votes for 218 00:10:27.600 --> 00:10:30.480 sugar cookies versus shortbread. Just share a cart and then 219 00:10:30.559 --> 00:10:33.200 share the meals and the moments. Download the instacart app 220 00:10:33.240 --> 00:10:35.919 and get delivery in as fast as thirty minutes. Plus 221 00:10:36.000 --> 00:10:38.840 enjoy free delivery on your first three orders. Service fees 222 00:10:38.879 --> 00:10:39.600 and terms apply. 223 00:10:40.080 --> 00:10:43.720 Why get all your holiday decorations delivered through instacart Because 224 00:10:44.039 --> 00:10:47.440 maybe you only bought two wreaths but you have twelve windows, 225 00:10:47.600 --> 00:10:50.840 Or maybe your toddler got very eager with the advent calendar, 226 00:10:51.039 --> 00:10:54.159 or maybe the inflatable snowman didn't make it through the snowstorm, 227 00:10:54.399 --> 00:10:58.240 or maybe the twinkle lights aren't twinkling. Whatever the reason, 228 00:10:58.360 --> 00:11:00.399 this season, Instacart's here for hosts and. 229 00:11:00.399 --> 00:11:03.639 Their whole holiday hall. Get decorations from the home depot, 230 00:11:03.720 --> 00:11:06.679 cvs and more through instacart, and enjoy free delivery on 231 00:11:06.720 --> 00:11:09.919 your first three orders. Service fees in terms supply, I 232 00:11:10.000 --> 00:11:10.919 think exceed. 233 00:11:10.600 --> 00:11:12.600 A lot of the expectations of even people that have 234 00:11:12.639 --> 00:11:15.399 been in the bitcoin space since twenty sixteen, like I have. 235 00:11:15.559 --> 00:11:20.159 I'm really surprised, I said earlier on previous shows. I think, 236 00:11:20.200 --> 00:11:22.440 you know, one hundred thousand dollars bitcoin was in ranged 237 00:11:22.480 --> 00:11:24.279 by the end of the year, We're going to reach 238 00:11:24.320 --> 00:11:27.000 that we were at ninety two thousand and some change yesterday, 239 00:11:27.559 --> 00:11:30.720 just within striking distance of one hundred K for bitcoin. 240 00:11:31.200 --> 00:11:33.679 Again, that's just about supply. It's about what's. 241 00:11:33.639 --> 00:11:37.279 Moving into the ETFs and about liquidity, and that will 242 00:11:37.399 --> 00:11:38.080 drive price. 243 00:11:38.720 --> 00:11:40.679 How long will it last? I don't know. 244 00:11:41.080 --> 00:11:43.039 I think a lot of this is just market euphoria 245 00:11:43.799 --> 00:11:46.279 based on again, just based on psychologies. 246 00:11:46.360 --> 00:11:46.879 Nothing else. 247 00:11:46.919 --> 00:11:51.440 Nothing changed on November fifth, except the expectation that there 248 00:11:51.480 --> 00:11:53.559 will be different policies in January. 249 00:11:53.679 --> 00:11:56.720 We'll see, I agree, and I think what concerns me 250 00:11:56.879 --> 00:11:59.440 and I talked about this on Monday, is the different 251 00:11:59.440 --> 00:12:03.279 policy in terms of the green stuff. And so we 252 00:12:03.320 --> 00:12:06.519 see Musk who became the world's richest man by exploiting 253 00:12:06.679 --> 00:12:11.720 this green nonsense, green washing everything. We see Lutnick, who 254 00:12:11.759 --> 00:12:13.480 is part of the EESG stuff, and we see that 255 00:12:13.519 --> 00:12:16.840 both of them have been very involved and carbon taxes 256 00:12:17.639 --> 00:12:20.519 and the kind of thing that I see developing with 257 00:12:20.559 --> 00:12:22.600 all this, and I see and of course they've even 258 00:12:22.639 --> 00:12:26.919 talked about incorporating a side what is a side chain 259 00:12:27.000 --> 00:12:31.399 or something of bitcoin in order to track some of 260 00:12:31.440 --> 00:12:34.480 these things. I see this as a way for them 261 00:12:34.639 --> 00:12:40.879 to essentially usher in a private public public private partnership 262 00:12:41.080 --> 00:12:46.639 for CBDC because if they can start to sell credits 263 00:12:46.759 --> 00:12:51.960 carbon credits, if they can process carbon taxes, and of 264 00:12:51.960 --> 00:12:53.879 course all these guys that are that are on the 265 00:12:53.879 --> 00:12:57.960 financial side with Trump, they're heavily involved in the carbon 266 00:12:58.000 --> 00:13:01.360 capture markets, the carbon taxes, and all the rest of 267 00:13:01.360 --> 00:13:04.039 this stuff, and this is a way for them to 268 00:13:04.360 --> 00:13:07.159 on the side. As Elon Musk has said, he's looking 269 00:13:07.200 --> 00:13:13.240 at x's being something process half of the world's financial transactions. 270 00:13:13.240 --> 00:13:15.639 You said, money, whatever that happens to be, Well, that 271 00:13:15.679 --> 00:13:18.200 could be carbon credits, you know, it could be anything 272 00:13:18.279 --> 00:13:20.960 like that. And so to me, it seems like these 273 00:13:20.960 --> 00:13:23.360 guys are coming together. They've got some kind of a 274 00:13:23.480 --> 00:13:28.360 tokenized ETF scam on the side here, some kind of 275 00:13:28.360 --> 00:13:32.480 derivative thing that I'm very concerned about. And so when 276 00:13:32.519 --> 00:13:34.759 I look at all this, it's not just that it's 277 00:13:35.000 --> 00:13:38.440 a bubble thing, because we know, we look at the fundamentals, 278 00:13:38.480 --> 00:13:40.960 as you said, nothing has really changed. But the thing 279 00:13:41.000 --> 00:13:44.840 that concerns me is the fact that they want to 280 00:13:44.840 --> 00:13:48.080 tokenize this stuff, they want to create derivatives, and that 281 00:13:48.120 --> 00:13:51.240 these guys who are running all of these things that 282 00:13:51.279 --> 00:13:55.200 are part of the expectation. Are people who were kind 283 00:13:55.240 --> 00:13:59.039 of piggybacking on the in your face prohibitions from the 284 00:13:59.039 --> 00:14:01.519 Biden administration, saying you're not going to be allowed to 285 00:14:01.519 --> 00:14:04.679 have anything other than electric appliances, electric cars, electric keet, 286 00:14:04.720 --> 00:14:07.279 electric air conditioning, all the rest of stuff. And people say, no, 287 00:14:07.320 --> 00:14:09.240 I don't want that. It can't work. So then why 288 00:14:09.279 --> 00:14:10.559 they do they come in and say, we can have 289 00:14:10.639 --> 00:14:12.639 anything that you want, but you have to pay me 290 00:14:13.039 --> 00:14:15.639 an indulgence fee. You have to pay me a carbon 291 00:14:15.720 --> 00:14:17.039 tax in order to do that. And we got the 292 00:14:17.039 --> 00:14:19.960 mechanism right here with all of this crypto stuff. That's 293 00:14:19.960 --> 00:14:20.720 what concerns me. 294 00:14:22.480 --> 00:14:25.279 Did somebody say Hegelian dialectic. Yeah, it sounds like that's 295 00:14:25.320 --> 00:14:27.879 what's happening, isn't it. Here's there's we have a thesis, 296 00:14:28.039 --> 00:14:29.519 we present the anti thesis, and. 297 00:14:29.559 --> 00:14:32.679 We have synthesis. And that's really what's happening here. You 298 00:14:32.759 --> 00:14:34.240 know it's a thesis. 299 00:14:34.279 --> 00:14:35.159 I think it's feces. 300 00:14:35.200 --> 00:14:38.360 That's even better. 301 00:14:39.600 --> 00:14:43.679 But you're right, and nothing again, the technocracy knows. No 302 00:14:43.799 --> 00:14:47.960 party understand that you're inside the twenty thirty agenda decade. 303 00:14:48.039 --> 00:14:50.360 That's right. They've been pushing since the opening in this decade. 304 00:14:50.399 --> 00:14:51.480 I'll never forget. You know. 305 00:14:51.559 --> 00:14:53.720 I opened up your show at the beginning of this 306 00:14:53.879 --> 00:14:56.320 decade and it was, I mean fireworks right right off 307 00:14:56.360 --> 00:15:00.879 the bat. Trump had assassinated the General Solemoni, Iranian General. 308 00:15:01.279 --> 00:15:03.840 The hashtag was world War Three's right prior to COVID 309 00:15:03.919 --> 00:15:06.200 nineteen four, and we have not the pace has not 310 00:15:06.440 --> 00:15:09.360 slowed down since then, all these rollouts, and of course 311 00:15:09.399 --> 00:15:11.320 we got the left right paradigm in this country. 312 00:15:12.080 --> 00:15:14.960 Again. The fundamentals for all the reasons that you. 313 00:15:15.000 --> 00:15:18.519 And I talk every Thursday about finances and parallel economies 314 00:15:18.559 --> 00:15:21.320 and being outside the system, all of that is still there. 315 00:15:21.720 --> 00:15:23.120 It just comes in a different guys. 316 00:15:23.159 --> 00:15:26.120 It's coming in a different face, a different form, and 317 00:15:26.320 --> 00:15:29.799 it could be public private partnerships, which again fascism is 318 00:15:30.039 --> 00:15:33.120 exactly what that is. So I don't trust any of 319 00:15:33.200 --> 00:15:38.399 these people, you know, David. I'm concerned with those who 320 00:15:38.759 --> 00:15:40.440 went out and voted. And I said this on my 321 00:15:40.720 --> 00:15:43.320 show on Halloween two weeks ago. You know, I said, 322 00:15:43.799 --> 00:15:45.600 the most important thing out of this election, if there 323 00:15:45.679 --> 00:15:47.799 is a difference, it's going to be in foreign policy. 324 00:15:47.840 --> 00:15:50.559 If Trump really means what he says about staying out 325 00:15:50.600 --> 00:15:53.519 of these wars, it'll come out of personnelist policy. Well, 326 00:15:53.559 --> 00:15:57.720 then he nominates this Hegseth guy from the Fox News 327 00:15:57.759 --> 00:15:59.399 common if you look into what he said, and you've 328 00:15:59.440 --> 00:16:02.840 played these of him talking about Vladimir Putin being so 329 00:16:03.000 --> 00:16:06.159 you know, pro Ukrainian and other things, I mean, echoes 330 00:16:06.200 --> 00:16:09.679 of neo cons of you know, kind of a Donald 331 00:16:09.759 --> 00:16:13.039 rumsfeldish approach, and so many I've listened to a lot 332 00:16:13.080 --> 00:16:13.840 of his commentary. 333 00:16:13.919 --> 00:16:16.279 I don't agree with them. And it seems to me 334 00:16:16.440 --> 00:16:17.159 we're singnaling. 335 00:16:17.600 --> 00:16:19.679 If I'm looking at these cab this cabinet pick and 336 00:16:19.759 --> 00:16:21.840 what's being rolled out, it looks to me like we 337 00:16:21.960 --> 00:16:24.360 are preparing for some sort of kinetic conflict. 338 00:16:24.519 --> 00:16:25.600 That's my take. 339 00:16:25.759 --> 00:16:29.120 That's right, And I think so Waltz as well, Ratcliffe 340 00:16:29.120 --> 00:16:33.360 as well, heg Seth. All these guys, you know, big belligerent. 341 00:16:33.480 --> 00:16:35.480 I mean, they sound like Lindsay Graham when you listen 342 00:16:35.559 --> 00:16:37.759 to these people, and and I think, you know, it 343 00:16:37.840 --> 00:16:39.600 was already in the cards pretty much that we're going 344 00:16:39.639 --> 00:16:43.639 to join Israel with a war against Iran. So that 345 00:16:43.799 --> 00:16:46.240 certainly is escalated to all this stuff. But then the 346 00:16:46.320 --> 00:16:49.440 question is, you know, they've made real belligerent statements about China, 347 00:16:49.759 --> 00:16:52.320 all the rest of this stuff. Even with Ukraine, there 348 00:16:52.399 --> 00:16:54.480 might be some kind of a broker piece deal, but 349 00:16:54.639 --> 00:16:59.559 if not, they're gonna go much heavier into the Russian war. 350 00:16:59.840 --> 00:17:02.399 And I think that if you've got a war on 351 00:17:02.519 --> 00:17:05.799 the horizon, I think that then argues in favor of gold. 352 00:17:06.680 --> 00:17:08.200 Historically it has, right, Yeah. 353 00:17:08.240 --> 00:17:09.480 Right, And that's why I think a lot of this 354 00:17:09.559 --> 00:17:12.400 stuff is just still on sale. These countries, the bricks 355 00:17:12.480 --> 00:17:15.039 nations especially that are wanting to get away from the 356 00:17:15.079 --> 00:17:15.799 dollar system. 357 00:17:16.279 --> 00:17:16.960 Not even war. 358 00:17:17.039 --> 00:17:19.160 I think it's going to stop those cross border payments 359 00:17:19.200 --> 00:17:22.000 and trade systems and being outside of sanctions, you know, 360 00:17:22.160 --> 00:17:25.160 nothing really. I mean, Jerald Salente's right, when all those fails, 361 00:17:25.160 --> 00:17:26.839 they take you to war. But that looks like what 362 00:17:27.000 --> 00:17:29.039 is happening. I mean, they're planning it. I don't think 363 00:17:29.079 --> 00:17:32.240 it stops the d dollarization. All the fundamentals are still there. 364 00:17:33.160 --> 00:17:36.119 You know, they're just setting up this is a different 365 00:17:36.839 --> 00:17:40.200 I get different regime, different operation, same goals. 366 00:17:40.400 --> 00:17:41.839 Yeah, that's right, that's right. 367 00:17:42.240 --> 00:17:45.880 The value of Russia's gold reserves hits a historic high. 368 00:17:46.599 --> 00:17:49.119 They're not changing what they're doing based on the election. 369 00:17:50.279 --> 00:17:52.200 I don't see any change of that. They're going to 370 00:17:52.240 --> 00:17:56.119 continue down the same path. A historic high. In October, 371 00:17:56.960 --> 00:18:00.640 the share of goals international reserves for RUSSI went up 372 00:18:00.720 --> 00:18:04.440 to thirty three percent. They said the value of gold 373 00:18:04.519 --> 00:18:07.599 holdings grew by almost four percent just last month, breaking 374 00:18:07.680 --> 00:18:09.680 the record that was set in September. I think that 375 00:18:10.039 --> 00:18:12.880 you're going to, like you said, bricks, Russia, China, others, 376 00:18:12.960 --> 00:18:16.680 they're going to continue to the central banks, especially going 377 00:18:16.720 --> 00:18:19.799 to continue to go into gold. And so that type 378 00:18:19.839 --> 00:18:22.279 of thing is you know what we've seen driving this 379 00:18:22.400 --> 00:18:24.559 in the past. None of the fundamentals in terms of 380 00:18:24.720 --> 00:18:27.160 debt and inflation, in terms of war, none of that 381 00:18:27.240 --> 00:18:27.839 has changed. 382 00:18:28.559 --> 00:18:31.400 So I think the amount of Russian gold I think 383 00:18:31.440 --> 00:18:34.440 it was at two hundred billion, is it like thirty 384 00:18:34.440 --> 00:18:36.640 two percent of holdings. It's like two hundred billion is 385 00:18:36.680 --> 00:18:39.200 the number that they're holding. And you know, if you 386 00:18:39.319 --> 00:18:41.839 dig a little deeper into the holdings of gold by 387 00:18:41.880 --> 00:18:44.119 these central banks, David Once, you'll find this A great 388 00:18:44.200 --> 00:18:47.079 majority of them are still evaluating. Based on the Bretson 389 00:18:47.119 --> 00:18:49.359 Woods Agreement of nineteen forty four, it's still thirty five 390 00:18:49.400 --> 00:18:52.319 dollars an ounce. They have not reevaluated. I think they're 391 00:18:52.400 --> 00:18:55.759 holding waiting for the great reset. That's what they're doing. 392 00:18:55.839 --> 00:18:59.960 They're waiting to reevaluate all of their precious metals, their commodity, 393 00:19:00.079 --> 00:19:03.200 their holdings. Another story that you and I have covered before, 394 00:19:03.680 --> 00:19:07.279 and I was speaking with Andy Sckman from Miles Franklin 395 00:19:07.559 --> 00:19:09.680 a couple of weeks ago, and I said, I go, 396 00:19:09.799 --> 00:19:12.400 what do you think about this story with the Russian 397 00:19:12.480 --> 00:19:15.039 government just and it was only covered in a few outlets, 398 00:19:15.079 --> 00:19:19.279 but they started putting a silver as a reserve asset 399 00:19:19.400 --> 00:19:22.839 on their books and accumulating. He said, that's one of 400 00:19:22.880 --> 00:19:26.119 the biggest stories of our time, and I thought the 401 00:19:26.200 --> 00:19:30.119