WEBVTT 1 00:00:04.839 --> 00:00:06.839 All right, welcome back and joining us now as Tony 2 00:00:07.000 --> 00:00:09.679 Ardeman of Wise Wolf Gold. Tony has set up David 3 00:00:09.720 --> 00:00:12.679 Knight not Gold and that'll take you to his site. 4 00:00:12.960 --> 00:00:14.080 You can get gold and silver. 5 00:00:14.160 --> 00:00:15.880 You know, it's. 6 00:00:15.720 --> 00:00:18.320 Starting to really ramp up. We're just talking during the break. 7 00:00:18.640 --> 00:00:22.280 It is really starting to ramp up. But you can 8 00:00:22.320 --> 00:00:25.320 get gold, silver, larger, small amounts, and of course, if 9 00:00:25.359 --> 00:00:28.800 you want to gradually accumulate things on a regular basis, 10 00:00:28.839 --> 00:00:30.839 on a monthly basis, set up your budget. You can 11 00:00:30.879 --> 00:00:33.119 pick a level that you want to contribute each month. 12 00:00:33.119 --> 00:00:35.240 And if you're part of the wolf Pack, the buying club, 13 00:00:36.039 --> 00:00:38.840 you get the advantage of a group buy as if 14 00:00:38.880 --> 00:00:41.119 you're buying a larger quantity that type of thing. So 15 00:00:41.679 --> 00:00:44.960 take a look at that at Wise Wolf Gold and 16 00:00:45.240 --> 00:00:47.159 thank you for joining us, Tony. Always great to have 17 00:00:47.200 --> 00:00:50.560 you on. One of the things that you always talked about, 18 00:00:50.600 --> 00:00:53.079 you said, what's going to be difficult is going to 19 00:00:53.159 --> 00:00:56.320 be as this mania kicks off, It's going to be 20 00:00:56.359 --> 00:00:59.399 difficult to find product. And we're seeing that from Goldman. 21 00:00:59.479 --> 00:01:03.439 Sachs Commodity Desk is saying that the buying has been 22 00:01:03.560 --> 00:01:06.599 relentless and silver is starting to move to you see. 23 00:01:06.480 --> 00:01:09.319 That absolutely, and. 24 00:01:10.920 --> 00:01:13.000 I appreciate you bringing that up because I've been talking 25 00:01:13.000 --> 00:01:14.799 about that for a long time. It's not something that 26 00:01:14.799 --> 00:01:17.959 made the headlines and the financial networks about the lack 27 00:01:18.000 --> 00:01:22.480 of actual physical supply of precious metals because of the ETFs. 28 00:01:22.599 --> 00:01:23.840 And as a matter of fact, I was reading an 29 00:01:23.920 --> 00:01:27.719 article from Reuters. Major banks are predicting this this is 30 00:01:27.760 --> 00:01:32.519 the beginning of the bull run for gold, and it's 31 00:01:32.519 --> 00:01:34.640 not the end. It's not the bubble like they're looking 32 00:01:34.680 --> 00:01:37.480 for higher prices into three thousand and so on and 33 00:01:37.519 --> 00:01:39.799 for gold, and they were saying that one of the 34 00:01:39.799 --> 00:01:42.159 things that they're counting is not just central bank buying 35 00:01:42.200 --> 00:01:46.200 that we've talked about, but the inflows now of ETFs. Yes, 36 00:01:46.400 --> 00:01:49.000 so what they're doing, they're putting clients into ETFs, but 37 00:01:49.280 --> 00:01:51.319 again that's not physical gold. 38 00:01:51.879 --> 00:01:52.840 That's an IOU. 39 00:01:53.000 --> 00:01:55.680 If you cash out in an exchange traded fund, they 40 00:01:55.680 --> 00:01:59.000 don't send you precious metals, they send you Fiat currency. 41 00:01:59.359 --> 00:02:01.480 So it is driving the price, I mean, because there 42 00:02:01.560 --> 00:02:05.200 is a massive amount of inflows now after that rate cut. 43 00:02:06.079 --> 00:02:10.560 But what I found, especially being a dealer in two 44 00:02:10.599 --> 00:02:13.400 different states, is a supply. It's not what it was 45 00:02:14.520 --> 00:02:17.680 when I started this business, not anywhere near. 46 00:02:17.759 --> 00:02:20.719 It is the selection, the timing now we do have. 47 00:02:21.240 --> 00:02:24.120 I think the selection is decent right now, it has 48 00:02:24.159 --> 00:02:28.039 somewhat stabilized. But if anybody of any substance came along 49 00:02:28.080 --> 00:02:32.319 and started buying up physical silver, for example, like the 50 00:02:32.400 --> 00:02:36.120 lady that was a billionaire here in East Texas a 51 00:02:36.199 --> 00:02:39.120 couple of years ago that placed a major trade for 52 00:02:39.240 --> 00:02:41.879 ninety percent silver, and it took I think like ten 53 00:02:42.000 --> 00:02:45.120 dealers across the country just to fill the order, and 54 00:02:45.159 --> 00:02:48.520 it took six weeks for delivery, so it wasn't instantaneous 55 00:02:48.560 --> 00:02:50.840 and they had to source it from several other brokers. 56 00:02:50.879 --> 00:02:54.199 So again I'm seeing the same thing here on the ground, 57 00:02:54.919 --> 00:02:58.719 just in supply. And of course silver's up forty percent 58 00:02:58.800 --> 00:03:02.919 in terms of dollars this year year wow. So there's 59 00:03:02.960 --> 00:03:04.919 a lot going on in the metals market stay wow. 60 00:03:05.280 --> 00:03:08.319 And gold as well, you know, really going up about 61 00:03:08.319 --> 00:03:10.400 that amount I think from last September. I think last 62 00:03:10.400 --> 00:03:13.000 September was around like nineteen hundred or something like that. 63 00:03:13.520 --> 00:03:15.919 But you know, you're talking about the ETFs and paper gold, 64 00:03:16.000 --> 00:03:18.000 and that was a thing that was the eye opener 65 00:03:18.039 --> 00:03:21.759 for me. They had pretty much tracked you know, along 66 00:03:21.759 --> 00:03:24.520 with each other. As gold would go up or down, 67 00:03:24.639 --> 00:03:28.000 so would the paper gold until twenty twenty two, and 68 00:03:28.039 --> 00:03:29.960 I talked about this yesterday, and at twenty twenty two, 69 00:03:30.000 --> 00:03:33.360 what happened is gold starts going up and the ETF 70 00:03:33.439 --> 00:03:36.120 start going down. I did not track, and so that's 71 00:03:36.120 --> 00:03:37.759 what they're looking at. It said, look at this. It 72 00:03:37.840 --> 00:03:40.599 kind of D couples. And when I saw that D coupling, 73 00:03:40.680 --> 00:03:42.919 I was like, why is that? And then I realized 74 00:03:42.960 --> 00:03:45.319 what the ETFs were. You know, it's just an iou 75 00:03:45.360 --> 00:03:48.879 as you point out for what is supposedly gold that 76 00:03:48.960 --> 00:03:52.159 is supposedly being held on the Shanghai Gold Exchange, and 77 00:03:52.199 --> 00:03:56.599 it's like, oh wait a minute, this is looking too 78 00:03:56.639 --> 00:04:00.879 much like the securitized mortgages of the mid two thousands. 79 00:04:01.240 --> 00:04:03.199 I want to get out of the paper gold and 80 00:04:03.240 --> 00:04:06.400 paper silver stuff. But now you know, they could wind 81 00:04:06.520 --> 00:04:09.039 up being a buyer. Who knows, but they've used that 82 00:04:09.080 --> 00:04:12.360 to manipulate the price. And what he was saying was 83 00:04:12.439 --> 00:04:15.319 a couple of different articles. They were saying the central 84 00:04:15.360 --> 00:04:17.480 banks have been the ones that have been boosting this up. 85 00:04:17.519 --> 00:04:20.399 As you and I talk about every week central bank buying. 86 00:04:20.519 --> 00:04:23.439 All the central banks are buying gold except for the 87 00:04:23.560 --> 00:04:28.000 United States, and they're not buying any more gold because 88 00:04:28.040 --> 00:04:31.920 again an opposition to the dollars you've pointed out many times, 89 00:04:31.920 --> 00:04:35.800 but that has been driving it, along with a little 90 00:04:35.839 --> 00:04:38.120 bit more retail trade in Indian in places like that. 91 00:04:38.240 --> 00:04:41.000 But this one guy said, hey, look, I'm not I'm 92 00:04:41.040 --> 00:04:44.079 not getting anybody. I'm not getting any taxi drivers or 93 00:04:44.160 --> 00:04:47.519 uber drivers telling me, hey, you need to buy. 94 00:04:47.199 --> 00:04:47.959 Gold or silver. 95 00:04:49.199 --> 00:04:52.560 So it hasn't hit the retail area yet, right, And 96 00:04:52.959 --> 00:04:55.160 even though you get stock tips all the time and 97 00:04:55.279 --> 00:04:57.160 you should get this stock and shol get that, nobody's 98 00:04:57.160 --> 00:05:00.480 talking about gold or silvery set. When that happens, it's 99 00:05:00.519 --> 00:05:02.639 going to explode. And he thought that it would happen 100 00:05:02.680 --> 00:05:04.879 when it got to like three thousand dollars. And we're 101 00:05:04.920 --> 00:05:07.360 getting there pretty quickly, aren't we. 102 00:05:07.360 --> 00:05:11.199 Well, yeah, And it's interesting because in my business, I've 103 00:05:11.240 --> 00:05:13.360 been tracking this just on a personal level. Like when 104 00:05:13.399 --> 00:05:15.920 I started out in San Antonio, I noticed when the 105 00:05:15.920 --> 00:05:18.680 price goes up, I get more customers. And when I 106 00:05:18.680 --> 00:05:22.079 moved the shop to Branson into the you know, twenty twenties, 107 00:05:22.680 --> 00:05:25.879 I saw the same thing. It's just been strange. You 108 00:05:25.959 --> 00:05:28.720 really can't even track these buying patterns. Now I don't. 109 00:05:28.759 --> 00:05:31.279 I can't count on the same kind of volume that 110 00:05:31.319 --> 00:05:34.439 I used to for this, for the reasons I used 111 00:05:34.439 --> 00:05:35.240 to get the volume. 112 00:05:35.639 --> 00:05:39.639 And you're absolutely right. When when when regular people, when 113 00:05:39.639 --> 00:05:42.160 you're taxi drivers, are just anybody running. 114 00:05:41.920 --> 00:05:43.720 Have you thought about buying some gold? I was thinking 115 00:05:43.680 --> 00:05:47.199 about buying some silver. It's too late. If you're already 116 00:05:47.199 --> 00:05:49.160 plugged in, or you're a member a wolf pack and 117 00:05:49.160 --> 00:05:51.519 you've been following us for a while, you're like part 118 00:05:51.519 --> 00:05:53.759 of the one percent. There's not a lot. There's not 119 00:05:53.800 --> 00:05:56.959 a lot of people. I mean, I have great customers, 120 00:05:56.959 --> 00:05:58.720 and I'm thankful for the people that do come in. 121 00:05:59.439 --> 00:06:02.720 But it's not you know, your standard retail location with 122 00:06:02.800 --> 00:06:04.959 a line out the door. It's not how any of 123 00:06:04.959 --> 00:06:08.839 this really works. When that does happen, there won't be supply. 124 00:06:09.519 --> 00:06:12.040 I mean it'll it'll the price will It'll be price 125 00:06:12.120 --> 00:06:15.160 shock like we've never seen before. And we're on the 126 00:06:15.240 --> 00:06:17.759 edge of that. I really believe we're on the edge 127 00:06:17.759 --> 00:06:19.839 of a price shock when it comes to gold because 128 00:06:20.319 --> 00:06:23.879 the world's de dollarizing, and like you and I were 129 00:06:23.879 --> 00:06:25.360 saying off air, we'rech is surprised. 130 00:06:25.360 --> 00:06:26.920 That's happening as fast as it is. 131 00:06:27.040 --> 00:06:30.439 I mean, I'm usually, you know, very cautious to make 132 00:06:30.480 --> 00:06:32.480 predictions like, oh, you know it's going to be in 133 00:06:32.560 --> 00:06:34.439 six months, we're going to have such and such price, 134 00:06:34.519 --> 00:06:36.360 or in two months or whatever is going to happen, 135 00:06:36.360 --> 00:06:38.040 and you know there's going to be a you know, 136 00:06:38.120 --> 00:06:39.079 a supply drain. 137 00:06:39.839 --> 00:06:41.240 But I really don't know anymore. 138 00:06:41.519 --> 00:06:44.839 You just the headlines continue to build up, especially with 139 00:06:44.959 --> 00:06:49.160 bricks and these cross border payments and these countries dumping 140 00:06:49.199 --> 00:06:52.959 the dollar holdings. Uh. You know, the the reserve asset 141 00:06:53.079 --> 00:06:57.639 of the US dollar in central banks is the lowest 142 00:06:57.680 --> 00:06:58.680 it's ever been. 143 00:06:59.160 --> 00:07:01.560 It's continuing to tense nineteen forty. 144 00:07:01.319 --> 00:07:04.120 Four, it's it's declining, and we're just seeing the rapid 145 00:07:04.160 --> 00:07:06.639 de dollarization, which is going to have huge impact on 146 00:07:07.319 --> 00:07:09.439 the strength and purchasing power of the dollar in our 147 00:07:09.480 --> 00:07:13.399 own economy here at home. And so all of this 148 00:07:13.399 --> 00:07:16.120 stuff's going to add up when people start running toward 149 00:07:16.120 --> 00:07:18.399 the door to get did you get some precious metals 150 00:07:18.480 --> 00:07:19.920 or to hedge against inflation. 151 00:07:20.480 --> 00:07:22.199 I don't know that the supply is going to be there. 152 00:07:22.319 --> 00:07:24.279 Yeah, yeah, I don't know who said that it was, 153 00:07:24.480 --> 00:07:26.240 it was right, I think it was the Great Depression. 154 00:07:26.279 --> 00:07:28.360 It was some guy who said, you know, when he 155 00:07:28.839 --> 00:07:32.720 was getting stock tips from the shoeshine boy, from his 156 00:07:32.800 --> 00:07:36.399 barber and from the guy driving the taxi and everything, 157 00:07:36.519 --> 00:07:38.759 he goes directly and sells and gets out of the market. 158 00:07:38.839 --> 00:07:41.680 You know, maybe you remember who that was. I couldn't 159 00:07:41.680 --> 00:07:43.639 remember who that was yesterday and I forgot to look 160 00:07:43.680 --> 00:07:46.920 it up. But yeah, that is that is the key thing. 161 00:07:46.959 --> 00:07:49.079 It's going to hit some point at which everybody's going 162 00:07:49.120 --> 00:07:51.399 to go whoo, and you're going to see all the 163 00:07:51.439 --> 00:07:56.920 mainstream articles then talking about dedollarization, talking about the deficit 164 00:07:57.079 --> 00:07:58.879 and the debt and all the rest of this stuff, 165 00:07:58.879 --> 00:08:01.120 and it's going to be everybody's going to be running 166 00:08:01.160 --> 00:08:04.720 to the wolf pack to try to get their gold 167 00:08:04.720 --> 00:08:06.800 and silver or to Goldman Sachs or whatever. 168 00:08:06.839 --> 00:08:08.879 They're not going to have it. So that's that's the 169 00:08:08.959 --> 00:08:09.360 key thing. 170 00:08:09.680 --> 00:08:13.160 You know, now is still still time for people to 171 00:08:13.160 --> 00:08:15.120 be able to get in and look, all the fundamentals 172 00:08:15.160 --> 00:08:17.439 are still there. It's just a question of when it's 173 00:08:17.439 --> 00:08:19.279 going to happen. Like Gerald Slinty says all the time, 174 00:08:19.279 --> 00:08:21.160 he says, well, I don't make predictions. I look at 175 00:08:21.160 --> 00:08:23.160 trends and so it's a given that this is going 176 00:08:23.199 --> 00:08:25.439 to happen. When it's going to exactly happen, I don't know. 177 00:08:25.439 --> 00:08:29.319 A lot of people are saying twenty seven hundred by 178 00:08:29.800 --> 00:08:32.080 you know, the beginning of the year or whatever. 179 00:08:32.159 --> 00:08:33.639 I don't know. 180 00:08:33.679 --> 00:08:36.480 It could happen sooner, you know, and so who knows. 181 00:08:36.519 --> 00:08:39.440 You got these psychological barriers every time that it goes over, 182 00:08:40.360 --> 00:08:43.960 you know, another goes from twenty six to twenty seven 183 00:08:44.039 --> 00:08:46.440 or whatever. That's our twenty five to twenty six. That 184 00:08:46.559 --> 00:08:49.039 is a bit of a psychological barrier. People have to 185 00:08:49.039 --> 00:08:51.879 get used to that before people buy more, you know. 186 00:08:51.960 --> 00:08:54.679 So there's that aspect of it. But if something if 187 00:08:54.679 --> 00:08:56.679 there's some kind of shock that goes to the system, 188 00:08:57.039 --> 00:08:58.759 it'll happen incredibly fast. 189 00:08:58.799 --> 00:09:00.320 And then I think once it gets to a. 190 00:09:00.080 --> 00:09:02.279 Certain point, and I really do think that, you know, 191 00:09:02.320 --> 00:09:04.320 once you start to turn over, it's like turning over 192 00:09:04.320 --> 00:09:06.320 the odometer in your car. You'll sit there and watch 193 00:09:06.320 --> 00:09:08.320 when it goes from ninety nine thousand nine ut ninety 194 00:09:08.360 --> 00:09:11.480 nine hundred thousand, and you tell all the kids watch this, 195 00:09:11.679 --> 00:09:15.159 you know. But when something like that happens and all 196 00:09:15.159 --> 00:09:17.559 the digits flip and it goes to three thousand. I 197 00:09:17.559 --> 00:09:19.000 think that's going to be something that's going to wake 198 00:09:19.000 --> 00:09:19.600 everybody up. 199 00:09:21.159 --> 00:09:23.080 Well, if you look at the global markets, and I've 200 00:09:23.120 --> 00:09:26.840 said this before, gold has a sixteen trillion dollar market 201 00:09:26.879 --> 00:09:30.519 cap sixteen trillion or so, in the face of hundreds 202 00:09:30.559 --> 00:09:33.919 of trillions supposed and supposed assets around the globe, whether 203 00:09:33.960 --> 00:09:36.519 that's currency, sovereign debt. 204 00:09:36.759 --> 00:09:37.639 Stock markets. 205 00:09:37.679 --> 00:09:41.320 And if you really drill down into what these markets 206 00:09:41.360 --> 00:09:44.240 around the world, what they traffic in, they traffic and fake. 207 00:09:44.279 --> 00:09:46.960 I mean, we're a wash in fiat currency, fake fake 208 00:09:47.000 --> 00:09:50.519 currency with no backing, you know, full faith and credit 209 00:09:50.559 --> 00:09:53.480 of whatever government, and when they inflate their way out 210 00:09:53.519 --> 00:09:53.919 of problems. 211 00:09:53.960 --> 00:09:55.159 That's what we're doing right now. 212 00:09:55.360 --> 00:09:57.039 Just you know, right on the eve of an election, 213 00:09:57.159 --> 00:10:00.799 we cut the interest rate by fifty ba points, which 214 00:10:00.840 --> 00:10:03.440 is extremely aggressive given the fact that they've been raising 215 00:10:03.480 --> 00:10:05.840 interest rates faster than any time in history. So it's 216 00:10:05.879 --> 00:10:10.320 a one to eighty course correction at fifty basis points, 217 00:10:10.360 --> 00:10:12.159 and they're supposed to cut all the way down to 218 00:10:12.200 --> 00:10:15.120 a full point here by the end of the year. 219 00:10:15.240 --> 00:10:18.039 So you know, the markets are responding to that and 220 00:10:18.080 --> 00:10:19.679 not the way that you would think a lot of 221 00:10:19.720 --> 00:10:23.679 times when the stock market was proclaimed healthy or the 222 00:10:23.720 --> 00:10:25.639 economy was healthy, gold just goes down. 223 00:10:26.360 --> 00:10:28.639 I know, I've been in this business. It doesn't correlate 224 00:10:28.720 --> 00:10:29.240 this way. 225 00:10:29.559 --> 00:10:32.440 But now you're seeing the exact opposite, and the inflows 226 00:10:32.440 --> 00:10:34.919 and the ETFs are up, the central bank gold buying 227 00:10:35.000 --> 00:10:37.840 is up. I think, just get this the general mood 228 00:10:37.840 --> 00:10:40.679 out there. You see with bitcoin, the same thing with bitcoin. 229 00:10:40.720 --> 00:10:41.000 People. 230 00:10:41.039 --> 00:10:44.519 It's a speculative asset, but it's finite. And I think 231 00:10:44.559 --> 00:10:47.600 that's another reason the inflows of the ETFs have been 232 00:10:47.879 --> 00:10:50.879 strong there and individual buying and adoption is up there 233 00:10:50.879 --> 00:10:51.879 and bitcoin as well. 234 00:10:52.559 --> 00:10:56.960 It's because we're in the throws of a system change. 235 00:10:57.000 --> 00:11:00.200 And this we're eighty years on from Breton Woods. This 236 00:11:00.320 --> 00:11:02.879 is a secle room, right, This is what the Romans 237 00:11:02.919 --> 00:11:04.759 called and this is the fourth turning. You mentioned it 238 00:11:04.799 --> 00:11:07.480 all the time, eighty two, one hundred years, and we're 239 00:11:07.559 --> 00:11:10.919 right at eighty years since Breton Woods in New Hampshire 240 00:11:11.159 --> 00:11:14.399 nineteen forty four, the New Economic World Order, the IMF, 241 00:11:14.519 --> 00:11:16.960 the World Bank gold at thirty five dollars an ounce. 242 00:11:17.679 --> 00:11:20.039 We're inside of an experiment too that you know since 243 00:11:20.120 --> 00:11:24.440 nineteen seventy one, Fiat currency is what we have. We 244 00:11:24.519 --> 00:11:26.039 used to have a dollar as good as gold. 245 00:11:26.440 --> 00:11:28.799 But now you can be your own bank, thanks to 246 00:11:29.039 --> 00:11:32.279 thanks to Gerald Ford in nineteen seventy four executive order 247 00:11:32.320 --> 00:11:35.120 overturning FDR, you can be your own bank. 248 00:11:35.200 --> 00:11:36.840 And we're outside of that system. 249 00:11:36.919 --> 00:11:40.120 So they're going to continue to inflate, They're going to 250 00:11:40.120 --> 00:11:42.840 continue to pay for the welfare warfare state. I think 251 00:11:43.039 --> 00:11:47.639 I kind of chuckle sometimes when people ask me about, well, 252 00:11:47.639 --> 00:11:50.200 we're going to be on a gold standard again, I'm like, well, 253 00:11:50.480 --> 00:11:52.399 I don't know, I am, I'm on a gold You 254 00:11:52.440 --> 00:11:54.320 should be on a gold standard. I'm on a gold 255 00:11:54.600 --> 00:11:56.879 Everybody should be on a gold whatever the government does 256 00:11:56.960 --> 00:11:57.440 let them do. 257 00:11:59.240 --> 00:11:59.360 So. 258 00:11:59.399 --> 00:12:03.360 I I really think that so many paradigms are going 259 00:12:03.440 --> 00:12:06.200 to change. And looks like David and neither one of 260 00:12:06.279 --> 00:12:09.960 us are alarmists, but it's happening faster than either one 261 00:12:09.960 --> 00:12:11.840 of us thought. I mean, if you'd have told me 262 00:12:11.879 --> 00:12:13.799 at the beginning of the year, hey, gold's going to 263 00:12:13.799 --> 00:12:16.039 be up five hundred and seventy dollars an ounce no 264 00:12:16.120 --> 00:12:20.279 problem by September, I thought, that's a I think that's 265 00:12:20.799 --> 00:12:22.039 a big of a bit of a leap. 266 00:12:22.120 --> 00:12:23.679 I'm not going to go that far. I wouldn't have 267 00:12:23.720 --> 00:12:27.000 gone it that far. Yeah, I'm usually not that way. 268 00:12:27.039 --> 00:12:30.440 I'm like, well cause it's been pretty steady, you know. 269 00:12:30.480 --> 00:12:34.720 And we remember going back to twenty and twenty, it 270 00:12:35.480 --> 00:12:38.480 was what two thousand in August sixth that broke like 271 00:12:38.519 --> 00:12:41.559 twenty and ten dollars or two thousand and fifty dollars, 272 00:12:41.799 --> 00:12:43.840 and you know, and then it came back down and 273 00:12:43.840 --> 00:12:46.679 fell below nineteen hundred. And when you and I were talking, 274 00:12:47.639 --> 00:12:49.480 not just a you know, year and a half ago, 275 00:12:49.879 --> 00:12:53.519 gold at sixteen hundred dollars. Now now we're at twenty 276 00:12:53.559 --> 00:12:57.240 six hundred and climbing futures, by the way, are pegged 277 00:12:57.240 --> 00:13:00.639 at twenty seven hundred, so really unpressed and in moves 278 00:13:00.639 --> 00:13:01.639 in the metals markets. 279 00:13:01.720 --> 00:13:04.360 Oh yeah, yeah. As you point out, you know, we're 280 00:13:04.399 --> 00:13:05.919 to fourth turning. When you go back and you look 281 00:13:05.960 --> 00:13:09.679 at when they the characteristic of fourth turnings is strauss 282 00:13:09.679 --> 00:13:13.440 and how pointed out is that there's always major economic 283 00:13:13.559 --> 00:13:16.679 unrest and usually war, right, and so you go back 284 00:13:16.679 --> 00:13:18.480 and you look at the previous one, World War two 285 00:13:18.480 --> 00:13:21.960 and the Great Depression, and then we've been under the 286 00:13:22.320 --> 00:13:26.039 new worldwide financial system that was created in the wake 287 00:13:26.240 --> 00:13:29.279 of that now for about eighty years, and so that's 288 00:13:29.279 --> 00:13:31.320 what they're looking at. They all know that the financial 289 00:13:31.320 --> 00:13:33.679 system is going to be reset. They've got their ideas 290 00:13:33.720 --> 00:13:35.120 of what they would like to do, and of course 291 00:13:35.399 --> 00:13:38.960 there's a limited amount that we can do about that. 292 00:13:39.039 --> 00:13:43.320 We can protest it. And of course in Canada you've 293 00:13:43.320 --> 00:13:48.480 got Mark Carney, one of the biggest banker insiders ever. 294 00:13:48.559 --> 00:13:52.399 I mean, he's connected to everything. But as I pointed 295 00:13:52.440 --> 00:13:56.559 out yesterday, you know World Economic Forum, and you know 296 00:13:56.600 --> 00:14:00.840 the big bankers Goldman Sachs and the Ross and the Rockefellers, 297 00:14:00.919 --> 00:14:04.200 I think maybe the Rothschilds. Anyway, he was the head 298 00:14:04.240 --> 00:14:07.080 of the Bank of Canada and then goes to the 299 00:14:07.159 --> 00:14:10.840 Bank of England. He was the first person out who 300 00:14:10.919 --> 00:14:12.720 was not British who was head of the Bank of England. 301 00:14:12.720 --> 00:14:14.600 This guy is the ultimate insider, and he's saying, well, 302 00:14:14.879 --> 00:14:17.279 you know, we're not going to do with a CBDC anymore. 303 00:14:17.919 --> 00:14:19.720 I don't think you can believe that. I think that's 304 00:14:19.720 --> 00:14:21.320 going to be a part of the new financial system. 305 00:14:21.320 --> 00:14:24.759 And that's even beyond all of the other stuff that 306 00:14:24.799 --> 00:14:27.639 would be pushing gold, all the financial issues. There's that 307 00:14:27.679 --> 00:14:31.639 control issue that's there because in this fourth turning. We 308 00:14:31.759 --> 00:14:35.600 not only have the concern about a world war, but 309 00:14:35.679 --> 00:14:38.320 we also have a kind of financial turning, like what 310 00:14:38.399 --> 00:14:41.559 was happening with a civil war, both here and in 311 00:14:41.600 --> 00:14:45.279 Italy and in many other places. The industrial revolution was created, 312 00:14:45.480 --> 00:14:49.840 the nation states were created. Now we've got a technocracy 313 00:14:49.960 --> 00:14:53.679 revolution that is coming as well as a global state 314 00:14:53.879 --> 00:14:56.080 that is coming. That's what they're trying to establish, and 315 00:14:56.159 --> 00:14:58.399 that's what this financial system is going to be a 316 00:14:58.399 --> 00:15:00.240 part of. So, yeah, you're right, we got we have 317 00:15:00.320 --> 00:15:03.480 our own personal goal standard to be outside of that 318 00:15:03.559 --> 00:15:05.080 as much as we can do. 319 00:15:06.960 --> 00:15:10.519 Yeah, that's really the only thing that explains our current situation. 320 00:15:10.720 --> 00:15:12.799 If you look at the powers that be not trying 321 00:15:12.840 --> 00:15:16.080 to save the current system, they're certainly not trying to 322 00:15:16.120 --> 00:15:19.080 prop it up for any long term usage. It looks 323 00:15:19.120 --> 00:15:22.080 like golden parachutes all around, David. I mean, they didn't 324 00:15:22.120 --> 00:15:25.679 save the petro dollar. They're printing into oblivion. There is 325 00:15:25.720 --> 00:15:29.120 no fyscal sanity or responsibility. There's no fiscal hawks anymore. 326 00:15:29.159 --> 00:15:31.879 Nobody talks about the deficit. It just seems to be 327 00:15:32.279 --> 00:15:36.039 the elephant in the room that everybody ignores. And that's 328 00:15:36.080 --> 00:15:37.679 the only thing I can think, the only thing that 329 00:15:37.720 --> 00:15:40.720 explains this is that they know, at least the top 330 00:15:40.840 --> 00:15:43.480 upper echelon knows that there will be a new system 331 00:15:43.600 --> 00:15:46.360 introduced and the backbone of that system will be a 332 00:15:46.440 --> 00:15:49.240 control grid, the central bank digital currency, which is what 333 00:15:49.320 --> 00:15:51.320 they want. I mean, if you look at whether it, 334 00:15:51.759 --> 00:15:54.960 you know, Davos, the World Economic Forum, they were crowing 335 00:15:55.000 --> 00:15:57.679 about ninety seven percent of countries on board with a 336 00:15:57.720 --> 00:15:59.759 CBDC or have some sort of plan for that. And 337 00:15:59.840 --> 00:16:04.279 then the Bank of International Settlements figuring out their you know, 338 00:16:05.960 --> 00:16:09.440 system to distribute and the collection house and all that stuff. 339 00:16:10.559 --> 00:16:13.000 And I just I think that what's what we're watching 340 00:16:13.080 --> 00:16:16.679 happen is the rolling out of central bank digital currency 341 00:16:17.000 --> 00:16:21.240 and the plans for that. Luckily, I see so much 342 00:16:21.399 --> 00:16:26.399 decentralization and the attitude of adopting things that you know, 343 00:16:26.519 --> 00:16:30.720 like gold and silver or bitcoin or crypto in general. 344 00:16:30.759 --> 00:16:32.639 I see a lot of that, the attitude. And maybe 345 00:16:32.679 --> 00:16:34.679 it's just my wheelhouse and what I study and all 346 00:16:34.720 --> 00:16:37.320 the people that I follow, but I'm not never before, 347 00:16:37.360 --> 00:16:40.200 and I've been in this game for a while. The energy, 348 00:16:41.039 --> 00:16:43.320 the intellect is all on the side of the people 349 00:16:43.360 --> 00:16:48.080 with the mindset of freedom and decentralization. That the the 350 00:16:49.000 --> 00:16:53.240 overlords of finance, the FIAT overlords. They really don't have 351 00:16:53.360 --> 00:16:54.960 a lot of HEF. I was reading the other day 352 00:16:55.120 --> 00:16:59.960 there's like four hundred PhDs that work at the Federal Reserve, 353 00:17:00.159 --> 00:17:03.879 and I thought something about, you know, the there's got 354 00:17:03.879 --> 00:17:05.839 to be a joke in there about the collection of 355 00:17:05.880 --> 00:17:08.839 brain power, kind of like JFK talked about with the 356 00:17:08.839 --> 00:17:11.319 Nobel laureates that came to the White House, and you know, 357 00:17:11.359 --> 00:17:14.839 you said, this is the most collection of brain power 358 00:17:14.880 --> 00:17:19.680 and and uh intellects since Thomas Jefferson dyed alone. There's 359 00:17:19.680 --> 00:17:22.039 got to be some kind of joke there in that, 360 00:17:22.680 --> 00:17:25.920 in that line of logic about all these supposed smart people, 361 00:17:25.960 --> 00:17:28.559 all the smart set, and look at the damage that 362 00:17:28.559 --> 00:17:32.039 they've done. It's it's absolutely unforgivable. It's criminal. 363 00:17:32.240 --> 00:17:35.000 Oh yeah, yeah, uh and uh. And of course you 364 00:17:35.039 --> 00:17:38.200 get back to the thing is it intentional? Is it malicious? 365 00:17:38.319 --> 00:17:39.400 Or is it incompetence? 366 00:17:39.440 --> 00:17:40.960 And think, yes, I. 367 00:17:40.960 --> 00:17:43.880 Think it's both. Let's hope it's all they're malicious. Let's 368 00:17:43.880 --> 00:17:46.000 hope that they're incompetent as well. That's that's where I 369 00:17:46.000 --> 00:17:47.720 hope is And I thought it was funny, you know 370 00:17:47.720 --> 00:17:50.319 when you I laughed and he said golden parachutes, because 371 00:17:50.319 --> 00:17:55.799 I thought, you know, nobody ever grabs a fiat parachute. 372 00:17:56.319 --> 00:17:58.480 I gotta I gotta use that nobody. 373 00:17:58.599 --> 00:18:00.519 Nobody ever jumps out of a plane with a piece 374 00:18:00.559 --> 00:18:01.440 of paper. 375 00:18:02.759 --> 00:18:03.720 Because they say so. 376 00:18:03.839 --> 00:18:06.400 It plays because they say, they say it will, and 377 00:18:06.480 --> 00:18:07.000 it doesn't. 378 00:18:08.279 --> 00:18:09.039 Exactly right. 379 00:18:09.119 --> 00:18:11.079 I got a question here from a listener d G 380 00:18:11.240 --> 00:18:15.279 eight for He says, can you ask Tony if cryptocurrency 381 00:18:15.400 --> 00:18:19.119 has played a role in strangely lowering gold and silver prices? 382 00:18:20.279 --> 00:18:24.160 Yes, I believe if there was no such thing as bitcoin, 383 00:18:25.000 --> 00:18:27.880 then gold would be way over three thousand dollars. I 384 00:18:27.880 --> 00:18:32.279 think it has had a role in somewhat of the 385 00:18:34.160 --> 00:18:36.519 It hasn't stalled gold. I think it's just and they 386 00:18:36.680 --> 00:18:40.400 sometimes complement each other. There's room for both, folks. I mean, 387 00:18:40.640 --> 00:18:44.880 when you hear people say there's an unlimited supply of 388 00:18:44.920 --> 00:18:47.920 gold or something, No, there's not. It's like the more 389 00:18:47.960 --> 00:18:50.000 steel is poured in one hour than all the gold 390 00:18:50.079 --> 00:18:52.799 has ever been mined in history. It's a finite, finite 391 00:18:52.799 --> 00:18:54.880 real even if you you know, they say, well there's 392 00:18:54.880 --> 00:18:57.200 on that gold could be on asteroids or whatever. 393 00:18:57.359 --> 00:18:57.480 You know. 394 00:18:57.599 --> 00:19:01.559 I mean, just these hypothetical things there's there's a limited 395 00:19:01.559 --> 00:19:02.839 supply of gold and silver. 396 00:19:02.880 --> 00:19:03.880 They're very hard to get. 397 00:19:03.960 --> 00:19:06.799 They're very hard, it takes a lot of resources to 398 00:19:06.880 --> 00:19:10.680 refine them, and all the rest, but gold and I 399 00:19:10.680 --> 00:19:15.519 think crypto have especially since the you know, adoption of bitcoin. 400 00:19:15.799 --> 00:19:18.319 The good thing about bitcoin is that it's it's it's 401 00:19:18.440 --> 00:19:21.240