Speaker 1: All right, folks, welcome back and joining us today rather
Speaker 1: than on a Thursday is Tony Ardeman of Wisewolf Gold
Speaker 1: And of course if you go to Davidnight dot Gold,
Speaker 1: that'll take you to Wisewolf and let him know that
Speaker 1: you came through us. Tony switched days because it has
Speaker 1: been so hectic. The golf market, like everything else, is
Speaker 1: one of the first places, I guess where some of
Speaker 1: the deliberate chaos that is being sown into the global
Speaker 1: economy is showing up in the financial markets, and so
Speaker 1: we've seen a lot of stuff moving. What's going on today, Tony,
Speaker 1: thanks for joining us. What's going on in the markets?
Speaker 2: Well, first of all, good to see you again, David,
Speaker 2: And yeah, sorry I hadn't been able to make it
Speaker 2: on my usual Thursdays.
Speaker 3: My schedule is all over the place, and I think.
Speaker 2: If you're watching the metals markets, you know why. And
Speaker 2: it's really just trying to figure out what's next.
Speaker 3: I mean, there's a.
Speaker 2: On one side, you this avalanche of supply and some
Speaker 2: of the big wholesalers stop buying. On the other side,
Speaker 2: we've got a supply deficit and people can't source products,
Speaker 2: and you know, the trades are two or three weeks out,
Speaker 2: so it is a it is a.
Speaker 3: Really interesting thing.
Speaker 2: It's a really interesting time to be in the gold
Speaker 2: and silver business. So I've been having to stay pretty
Speaker 2: nimble and but luckily for us, we did a little
Speaker 2: bit of pre planning for this, so we had inventory
Speaker 2: covered for wolf pack and other things, and I've just
Speaker 2: been I think the key thing that I've been able
Speaker 2: to do is be mobile. So I've been back and
Speaker 2: forth between Missouri and Texas and taking inventory there, bringing
Speaker 2: inventory from there to liquidate.
Speaker 3: So just staying on top of that.
Speaker 2: It's a It has definitely increased my travel time, but
Speaker 2: I'm thankful for it.
Speaker 3: There's a lot going on.
Speaker 1: Well, you know, I don't know how it affected you,
Speaker 1: but I talked about this yesterday the day before about
Speaker 1: what happened was so and basically, from what I understand,
Speaker 1: the markets in London couldn't fill the silver orders for people.
Speaker 1: Part of it was because of an Indian religious festival.
Speaker 1: They weren't accumulating excrement like wech earlier we at the
Speaker 1: Boop Festival, but this was about collecting wealth and so
Speaker 1: typically they would collect gold. This year, a lot of
Speaker 1: influencers in India said silver. So there was this huge
Speaker 1: run on silver and it affected markets all the way
Speaker 1: from India to London because even though London had some silver,
Speaker 1: a lot of it was already spoken for in locked
Speaker 1: down because of the paper silver, the ETFs and things
Speaker 1: like that.
Speaker 3: Did you see that happening, I bet you, and I've
Speaker 3: followed that story.
Speaker 2: I'm following the other there's you know, stories in that
Speaker 2: periphery about billion supplies and paperback silver that I've been
Speaker 2: watching closely. We've discussed the nation state involvement in a
Speaker 2: key emulating silver, and I think that is what's putting
Speaker 2: the pressure on paper silver to and it's exposing paper
Speaker 2: silver for everything that they've done for the past many decades.
Speaker 3: Yeah, I reme the catalyst.
Speaker 2: I think Russia putting silver as a strategic reserve asset
Speaker 2: was really important and whatever pressure that is. And I
Speaker 2: think China is calling the bluff of London too. I
Speaker 2: think there's some behind the scenes stuff going on with these,
Speaker 2: you know, the bullion houses and the contracts. I think
Speaker 2: that the Nation states are getting involved now and I
Speaker 2: think that's why we're seeing them break.
Speaker 1: Yeah. I showed the one chart and It was really
Speaker 1: kind of crazy. They had the actual spot price of
Speaker 1: silver and they are gold, and then they had what
Speaker 1: the ETF prices were, and they were two separate lines,
Speaker 1: you know, one of them. Then they crossed at one
Speaker 1: point that they actually got the same for just one
Speaker 1: point when they crossed. But you know, sometimes it was
Speaker 1: much higher than the actual price is over sometimes as
Speaker 1: much lower. But they didn't track and I always saw
Speaker 1: that as a big red flag of something going on.
Speaker 2: Yeah, and none of the shenanigans have taken place, None
Speaker 2: of the papers selloffs have happened like they had back
Speaker 2: in February of twenty twenty one. None of that's taken place.
Speaker 2: So the price suppression game, they just may not be
Speaker 2: able to do it anymore, at least not on the
Speaker 2: level that has been done in the past. So I
Speaker 2: would keep watching these stories unravel about contract exposure and
Speaker 2: what's actually on the books and then what can be delivered.
Speaker 2: I think, you know, this is about trust and a
Speaker 2: worldwide I mean trust is diminishing them because of things
Speaker 2: like our own currency system and the weaponization of the dollar.
Speaker 2: So trust being a factor there, people are going to
Speaker 2: start I think nation states, entities will start demanding physical.
Speaker 1: Yeah, speaking of physical You've talked about this quite a bit,
Speaker 1: the urban mining of gold and silver, and there was
Speaker 1: a long article from the New York Times talking about
Speaker 1: the diamond market there and people taking their jewelry in
Speaker 1: there to take advantage of the higher prices for gold
Speaker 1: and silver. Of course, they were not looking at long
Speaker 1: term things. One lady brought in her jewelry and made
Speaker 1: like four or five thousand dollars off it. She's going
Speaker 1: to take a trip, but yeah, it'd be kind. People
Speaker 1: need liquidity, and I think that's one of the things
Speaker 1: that people were saying. Besides this regular profit taking. You
Speaker 1: had a Federal Reserve. Somebody who'd been associated with Federal
Speaker 1: Reserve as an analyst and she now has her own
Speaker 1: reporting in her own firm that she runs, and she
Speaker 1: said she thought this was part of this was a
Speaker 1: liquidity freeze for people. She said to me, I look
Speaker 1: at this and I see a liquidity crisis that's very
Speaker 1: similar to March of twenty twenty. And she said, if
Speaker 1: you go to cash out stuff, you need to cover
Speaker 1: things in a liquidic crisis because you've got margin calls
Speaker 1: or this or that you're going to take your biggest
Speaker 1: winter and you're going to liquidate that. What do you
Speaker 1: think is going on with all this? Is this simply
Speaker 1: just profit taking? Or like this woman is saying, do
Speaker 1: you think that there's some other issues with other financial
Speaker 1: markets it's causing people to have to liquidate things.
Speaker 3: No, I think it's all the above.
Speaker 2: And people are urban gold mining, and there's people coming
Speaker 2: into both of my shops and Dennis and Branson, and
Speaker 2: we're buying a lot of scrap jewelry, old coins, things
Speaker 2: that you know, we can always melt. And with the
Speaker 2: prices that the way they are, it's worth people going
Speaker 2: out and looking and finding and turning things in and
Speaker 2: maybe even getting back the jewelry price they paid for
Speaker 2: it if they bought it many many years ago.
Speaker 3: They can get all that back at least in dollars.
Speaker 2: So we're seeing that at a really good pace, and
Speaker 2: I think that's only going to continue. But there's also
Speaker 2: mass profit taking in some sectors, and of course, you
Speaker 2: know there's some psychological stuff going on with the pullback,
Speaker 2: and you and I were laughing off air, it's like
Speaker 2: gold dropped from forty three hundred plus dollars an ounce
Speaker 2: down to close to four thousand dollars an ounce, and
Speaker 2: it was like, oh, that's the worst drop it's had.
Speaker 3: And this is the you know, gold got wiped out.
Speaker 2: And I'm like, it's over four thousand dollars an ounce,
Speaker 2: it's gonna be fine. It's a forty one to twenty
Speaker 2: right now as we speak. So I think a lot
Speaker 2: of that's profit taking and you'll see that too.
Speaker 3: Silver was interesting.
Speaker 2: When silver broke its new all time high last week
Speaker 2: or so, we had people coming in and trying to
Speaker 2: sell me everything that was silver, and the refiners, all
Speaker 2: major refiners that I know I haven't found one yet, stopped.
Speaker 2: They stopped buying any scrap silver. They said, we just
Speaker 2: can't do it. We're we're too busy. So at any
Speaker 2: price they would not buy it, and not that it's
Speaker 2: not worth anything.
Speaker 3: And I'm still buying.
Speaker 2: I just had to lower my prices of what I
Speaker 2: buy it for and I'm just stacking it in the
Speaker 2: back until they can melt it.
Speaker 1: So the last part of that story out of India,
Speaker 1: it was a guy that had been in business for
Speaker 1: three decades or so and his company was the largest
Speaker 1: silver refiner there in India. Couldn't find any silver. They
Speaker 1: were completely out of it. It amazing.
Speaker 3: Yeah, it's interesting.
Speaker 2: There's certain things that the refiners here, like in Dallas,
Speaker 2: stopped buying, and.
Speaker 3: Gold has never been an issue.
Speaker 2: They're buying the goal, but they would go all over
Speaker 2: the place on silver. So there's such a it's such
Speaker 2: a mixed bag with that market and understanding silver and
Speaker 2: understanding the supply issue and what people want and how.
Speaker 3: You can get liquidity.
Speaker 2: But I think right now that's been there's some cooling
Speaker 2: off and prices have.
Speaker 3: Dipped below that fifty dollars mark.
Speaker 2: So this is like one of those I think a
Speaker 2: good time just to get into silver. It's like it'd
Speaker 2: pulled back. So I'm ordering right now, like I'm pushing
Speaker 2: the buy button on a whole bunch of products that
Speaker 2: I put into a wolf pack. So every day that
Speaker 2: I'm watching a little bit of red, that's fine. I
Speaker 2: did the same thing with gold. When gold went to
Speaker 2: four thousand, I said, okay, I owed some inventory, so
Speaker 2: I bought five ounces. It's it's fun whenever these prices
Speaker 2: go down. I'm a buyer, you know. So a lot
Speaker 2: of people.
Speaker 1: Remember a year ago when you know, Trump won the
Speaker 1: election and gold took a dive and I said, it's
Speaker 1: just on sale because none of the fundamentals have really changed.
Speaker 1: I mean, just take a look at this last week,
Speaker 1: just the last day or so. Here's the debt clock.
Speaker 1: This is the thing. I remember Thomas Massey bought a
Speaker 1: whole bunch of these national debt clocks that are constantly,
Speaker 1: you know, flipping around and going up, and he handed
Speaker 1: him out to the incoming new congress people. Right, here's
Speaker 1: this for your little pell just to remind you what's
Speaker 1: going on the national debt. And this shows one of
Speaker 1: those thirty eight trillion. But as even though they were
Speaker 1: looking for it, they it was moving so quickly that
Speaker 1: when they when it hit thirty eight trillion, they tried
Speaker 1: to take a picture of it, but it was already
Speaker 1: added another eighty three thousand before the picture was taken
Speaker 1: because the thing was flipping around so much. So the
Speaker 1: bottom line is is that all of these fundamentals, nothing
Speaker 1: has fundamentally changed. There's going to be profit taking as
Speaker 1: people do in the markets. Nothing is a straight line,
Speaker 1: and it's always going to be a lot of noise
Speaker 1: as people are taking profits and other things like that.
Speaker 1: But the fundamentals have not changed, No, not at all.
Speaker 2: And I mean you look at I read a lot
Speaker 2: of the Kitko analysts and some of the people that
Speaker 2: they bring on, and you'll talk about things like, oh, well,
Speaker 2: the trade tensions have lessened with China, so it's a
Speaker 2: good time, and you'll see a little pullback in price.
Speaker 3: But again, big picture fundamentals, the.
Speaker 2: Dollar, the dedollarization, the issue with our debt, and you
Speaker 2: mentioned the thirty eight trillion you know metrics on that
Speaker 2: where we were one trillion dollars the last time silver
Speaker 2: had another had its all time ISO in.
Speaker 3: Forty five years.
Speaker 2: We've added thirty seven trillion dollars in debt and that's
Speaker 2: only going to.
Speaker 3: Accelerate them eight thirty eight now, yeah, it's thirty eight now,
Speaker 3: so I can't keep track of it. That's right.
Speaker 2: Now we've added this massive amount of debt, and not
Speaker 2: to mention the unfunded liabilities, and then you have the
Speaker 2: geopolitical risk of the foreign policy and the trip wires
Speaker 2: that we have all over the world. Now that the
Speaker 2: metrics and why you would want to be outside of
Speaker 2: this system are there, I mean, for the first time,
Speaker 2: central banks now own more gold than they do US
Speaker 2: treasuries and it's only a matter of time before central
Speaker 2: banks hold more gold than they do US dollars.
Speaker 3: It's only a matter of time.
Speaker 2: It's not that it's not going to happen, because right
Speaker 2: now it's the dollars number one as a Tier one
Speaker 2: asset via the Bank of International Settlements. The number two
Speaker 2: used to be the euro and it got supplanted by
Speaker 2: gold last year.
Speaker 3: Yeah, so when to get.
Speaker 1: I think when he gets up in the mid five
Speaker 1: thousands or something, that'll be uh, you know, it'll be
Speaker 1: the number one, the tier one asset. You know, it's
Speaker 1: kind of interesting to when we talk about this debt.
Speaker 1: The federal debt rose by trillion dollars in a little
Speaker 1: over two months, which is the fastest rate of growth
Speaker 1: outside of the pandemic. And of course when did that
Speaker 1: happen during the pandemic. That was Trump and he wanted
Speaker 1: to get Massy out because Massy opposed him on that.
Speaker 1: Trump doesn't care a whit about debt and deficits and
Speaker 1: things like that. We saw that from his bankruptcy of
Speaker 1: the casinos that were out there, and so somebody that
Speaker 1: doesn't really care about debt, what eventually happens is bankruptcy
Speaker 1: and that's where he's taking us as a country as well.
Speaker 3: Right, Well, that's what he said. He used to call
Speaker 3: himself the King of debt.
Speaker 1: Yeah, that's what he called himself, and I just called
Speaker 1: himself the king.
Speaker 3: So yeah, used to be.
Speaker 1: But he's defecating on all of us, isn't he with
Speaker 1: his fiscal policy. It's not just a protest.
Speaker 2: Well, I mean he'll maybe we'll go to the last
Speaker 2: time when he needed a bail out. He got Wilburgh
Speaker 2: Ross and the Ross Childs to come in, and maybe
Speaker 2: that's what we're doing now, except we're doing it with
Speaker 2: the entire nation. Maybe that's why case, that's what the
Speaker 2: Federal Reserve is.
Speaker 1: Yeah, I mean that's why Scott Besson is there because
Speaker 1: he broke the Bank of England with sorrows. So yeah,
Speaker 1: they can break the Federal Reserve with this. I'm sure
Speaker 1: both of them would love to do that. There was
Speaker 1: an interesting article on Meanses and said, so what happens
Speaker 1: when gold? You know, when's the next gold bubble burst?
Speaker 1: And they went back and they looked at four previous times.
Speaker 1: I thought that was kind of interesting, And as I'm
Speaker 1: reading it, I thought, but these things have nothing to
Speaker 1: do with the kind of time that we're in right now.
Speaker 1: And in each of those cases, what they pointed out
Speaker 1: was that people had lost all confidence in the Federal Reserve,
Speaker 1: and then the Federal Reserve pull some trick, pull some
Speaker 1: rabbit out of their hat to regain confidence, and that
Speaker 1: was the thing that caused the you know, the the
Speaker 1: increase and gold to collapse. But that's not what's going
Speaker 1: to happen this time. I don't see that happening. I
Speaker 1: think people have lost confidence. I think you've got other
Speaker 1: things that are happening. People are even more aware with
Speaker 1: a bitcoin of the fact that we've got to get
Speaker 1: out of the manipulation by the Federal Reserve, and of
Speaker 1: course countries all around the world are trying to set
Speaker 1: up a new financial system for all of those reasons,
Speaker 1: as well as a thirty eight trillion dollars and climbing
Speaker 1: of debt that we've got. I think that this time
Speaker 1: is completely different.
Speaker 3: I think so too. And that's a great point to
Speaker 3: bring up.
Speaker 2: You know, you remember twenty and eleven and Ben Bernanki
Speaker 2: came out and said, oh hey, we won't do that
Speaker 2: with tarp funds and everything we've bailed out the big
Speaker 2: banks scepter two thousand and eight, two thousand and nine,
Speaker 2: and so about twenty eleven, gold hit over nineteen hundred
Speaker 2: dollars an ounce and silver hit fifty, so it didn't
Speaker 2: break its.
Speaker 3: All time high at that time.
Speaker 2: So that was that was a metric people were putting
Speaker 2: their moving funds into physical gold and silver. It was
Speaker 2: driving those prices up, and Ben Berneki said, we won't
Speaker 2: do that again. We have everything stabilized. The markets are,
Speaker 2: you know, are going.
Speaker 1: To be sorry. We caused the Great Depression finally, but
Speaker 1: we won't do it again.
Speaker 3: Yes, we won't. We did, we did nineteen twenty nine.
Speaker 3: We won't do this again. And you're right. It's a
Speaker 3: different world now.
Speaker 2: And I don't think they are going to pull a
Speaker 2: rabbit out of their hat, but it won't be the
Speaker 2: Fiat rabbit. I think that they're going to do something.
Speaker 2: I think they're going to reprice everything. This is a
Speaker 2: there's going to be a great devaluation and a revaluation
Speaker 2: in some way. I don't have all the answers to that.
Speaker 2: I'm just this is what I'm reading in between. I
Speaker 2: think part of commodities, gold silver, maybe even bitcoin, and
Speaker 2: it'll have a lot to do with the digitization of
Speaker 2: our currency.
Speaker 3: David.
Speaker 2: I think it'll have something to do with the stable coin,
Speaker 2: the public private partnership thing that they're doing. Yes, again,
Speaker 2: I don't have all the answers to that, but it
Speaker 2: won't be a fiat.
Speaker 3: Rabbit are going to do something. It will be a
Speaker 3: magic trick.
Speaker 1: Yeah, it'll agree. I think it's going to be something
Speaker 1: about the stable coin, and I think they'll even as
Speaker 1: they're doing now, they're putting in real estate and gold
Speaker 1: and too tether and some of these other ones holding
Speaker 1: that as well, so they'll be able to pivot and
Speaker 1: use some of those things and try to give a
Speaker 1: reality to what will essentially be a fiat. But that's
Speaker 1: the other side of this thing as well. You know,
Speaker 1: when we look at strictly the different financial things and
Speaker 1: how this is a loss of confidence that we like
Speaker 1: we have never seen before, and justly a loss of confidence.
Speaker 1: There's also the CBDC, the digital ID, the digital cash,
Speaker 1: the stable coin, all those types of things, which to
Speaker 1: me that is even more important and more enduring than
Speaker 1: the financial stuff because to be able to have something
Speaker 1: that is physical, that is completely private that is outside
Speaker 1: of the digital sphere. And the traceability and the trackability
Speaker 1: of all that stuff, I think is to me that
Speaker 1: is the key thing. It's not financial, but it's about privacy.
Speaker 2: I agree, it's very important to have something outside of
Speaker 2: this system. And counterparty risk is another issue. And if
Speaker 2: you've got lack of trust, that loss of trust that's happened,
Speaker 2: and this happens. You know, we're in a fourth turning,
Speaker 2: so you're talking about institutional turnover and the end of
Speaker 2: certain old institutions and the beginning is with new ones.
Speaker 3: Perhaps, so trust is a factor.
Speaker 2: And you hold that I have a I was on
Speaker 2: a podcast last night.
Speaker 3: I was showing them.
Speaker 2: I was like, I have a one ounce gold eagle
Speaker 2: here on my desk and we bought here at the
Speaker 2: shop and Dennison and this is mine, right, that's no,
Speaker 2: there's no I don't have to worry about what's on
Speaker 2: a ledger. I don't have to worry about uh, you know,
Speaker 2: if the chairman of the board of that company is
Speaker 2: embezzling or whatever I own is right, and I know
Speaker 2: what I know what that's worth. So that that's the
Speaker 2: issue with counterparty risk. And in a world where trust
Speaker 2: is diminishing, it's very important to have something outside of
Speaker 2: the system, and you know, not everything can be outside
Speaker 2: of the system. And if you have to trust your
Speaker 2: bank for the mortgage, have to do trust your company
Speaker 2: that you get your car loan through. As a matter
Speaker 2: of fact, I saw a metric today. I think it
Speaker 2: was really telling. But car payments are at all time highs.
Speaker 2: That's because cars cost more than they ever had. Yeah, yeah,
Speaker 2: you know, like the pressure on consumers and that's that's.
Speaker 1: One of the thing that's been going through the financial
Speaker 1: press this last week was the concern about several companies
Speaker 1: that make car loans and a lot of people can't
Speaker 1: pay back their car loans now because they're underwater and
Speaker 1: financial things are getting difficult and they can't sell it
Speaker 1: because the cars appreciate so quickly. And so there's even
Speaker 1: been a lot of articles coming out of the UK
Speaker 1: saying this could spread everywhere. That's not even talking about
Speaker 1: the commercial real estate issues that Jeryl Slinty has been
Speaker 1: talking about. But they're talking about bank failures just because
Speaker 1: of subprime car loans and because of the massive expense
Speaker 1: of cars today.
Speaker 2: Well, everything thrives off of debt and then eventually you
Speaker 2: have to somebody has to get paid back.
Speaker 3: That's right, you know, that's the problem.
Speaker 2: With having an economy that's built off of cheap liquidity,
Speaker 2: and we've been building that for a while now. That's
Speaker 2: how they measure the metrics in that so called health
Speaker 2: of the economy is lending in liquidity and so at
Speaker 2: some level though, you have to pay it back.
Speaker 3: That's what happened in two thousand and eight.
Speaker 2: In two thousand and nine, prices because there was so
Speaker 2: much Fiat floating around. Prices went up because people bought
Speaker 2: cheap goods from overseas and whatever, and the consumption went up,
Speaker 2: costs went up, and you had then eventually had to
Speaker 2: make a decision whether you're going to put gas in
Speaker 2: your car or pay your mortgage. And people put gas
Speaker 2: in the car because it was four dollars a gallon
Speaker 2: at one point, and that caused a cascading effect of defaults.
Speaker 2: I think that's what that's another issue. You're absolutely right,
Speaker 2: whether it's the commercial.
Speaker 3: Real estate crisis that's on the horizon.
Speaker 2: Or whether it's just a consumer debt issue with not
Speaker 2: with you know, defaults coming in through the system.
Speaker 3: Those kind of things can set off a firestorm.
Speaker 2: And as volatile as everything is, I mean, one day
Speaker 2: we'll wake up, we're going to go put one hundred
Speaker 2: percent tariffs on China in the markets tank, you know,
Speaker 2: like this is not something that we've been through before,
Speaker 2: like that we're we also do that. And you've got
Speaker 2: the weaponization of the of the Fiat dollar system worldwide
Speaker 2: and the deolarization happening rapidly. So you're like loss of
Speaker 2: purchasing power. I mean, David gold against the dollar, the
Speaker 2: dollars lost fifty percent of its purchasing power against gold
Speaker 2: in the last year alone. Yeah, that's just a So
Speaker 2: this isn't this isn't normal what we're watching.
Speaker 1: And I think, well, and again if you look Loot
Speaker 1: what Scott Bessant, did you know this outrageous thing that
Speaker 1: they're doing with Argentina Because they're more concerned about Argentina
Speaker 1: than they are America and the harm that Trump is
Speaker 1: inflicted on them with his temper tariffs, they decide that
Speaker 1: they're going to do currency swaps and they're going to
Speaker 1: stabilize the Argentine peso and those things didn't do anything.
Speaker 1: So again, their magic weapon, you know, the almighty dollar
Speaker 1: that they've used to manipulate everything foreign and domestic. They
Speaker 1: start using that weapon and they find out that they're
Speaker 1: shooting blanks in Argentina. It had no effect whatsoever. And
Speaker 1: I think that was a very telling moment that not
Speaker 1: too many people talk about. But you know, Trump is
Speaker 1: the perfect president for this time, for these people have
Speaker 1: picked because as all these different things are coming together,
Speaker 1: we've got this confluence of different factors that are economically ruinous.
Speaker 1: He's going to be the guy who doesn't care. As
Speaker 1: long as his name is on a building somewhere, or
Speaker 1: he can build a ballroom somewhere, he doesn't care. That's
Speaker 1: what Wilba Ross said about him with a Rothschild. He said,
Speaker 1: look at this, this guy is so popular, we can
Speaker 1: use him. And furthermore, he doesn't really care about running
Speaker 1: the casino stuff as long as his name is on
Speaker 1: the building, and so we can massage his ego and
Speaker 1: we can work with him on that. And that's basically
Speaker 1: what I think. The globalists have looked at Trump and
Speaker 1: decided that they've got a guy here who will just
Speaker 1: go along with whatever is happening and not care or
Speaker 1: understand if he does. If he does understand he doesn't
Speaker 1: care what is really happening.
Speaker 3: I think that's pretty apparent we've gone through.
Speaker 2: I mean, this is the second time he's ran the economy,
Speaker 2: and I don't understand why we're not promoting free markets
Speaker 2: and liberty. And if you wanted to actually make the
Speaker 2: United States economy strong, you start incentivizing people to build things,
Speaker 2: to put.
Speaker 3: Capital investments in.
Speaker 2: You know, you would start talking about eliminating certain regulations
Speaker 2: or the tax code in general. You would go after that.
Speaker 2: But we never do any of those things. And that's
Speaker 2: really to tell that's right. If you wanted to put
Speaker 2: the United States is the most competitive nation in the
Speaker 2: world and get people from all over the planet to
Speaker 2: build things here and make things here and put their
Speaker 2: capital here, you just eliminate stuff like the corporate income tax.
Speaker 3: That'd be a great way to start.
Speaker 2: And you could do that, you know, with it because
Speaker 2: you have a Republican Senate and have a Republican House,
Speaker 2: and you've got the presidency. If you're really serious, you
Speaker 2: could do that. And that's all theory, I know.
Speaker 1: But you said he'd rather manipulate the financial markets, which
Speaker 1: tells you who's controlling him. You know, they come up
Speaker 1: with these They come up with these financial schemes and
Speaker 1: different ways to finesse things financially, rather than getting rid
Speaker 1: of the fundamental problems, which are, as you point out,
Speaker 1: regulation and things like that. That is, the government boot
Speaker 1: is still on the neck of the business. Says that
Speaker 1: he said were not central and so it's always, you know,
Speaker 1: some new trick, some manipulation, some instead of a fiat currency,
Speaker 1: a fiat orders about taxes or this or that. So, yeah,
Speaker 1: the fiat tariffs are going to destroy the fiat currency.
Speaker 3: I agree with that, and that's it's alarming.
Speaker 2: That was kind of the black swan event coming out
Speaker 2: of in twenty twenty four into twenty twenty five, the
Speaker 2: thread of tariffs on commodities, and that's when I think
Speaker 2: that's when.
Speaker 3: This whole thing started to the.
Speaker 2: Damn broke, because you're right about last year he and
Speaker 2: how we're talking, gold and silver was on sale because
Speaker 2: we're going to have this massive crypto boom. You know,
Speaker 2: they're going to have a strategic bitcoin reserve and all
Speaker 2: this stuff that's going to happen with crypto, and you
Speaker 2: don't need that gold and silver because the markets are
Speaker 2: going to be so crazy well, they weren't. We went
Speaker 2: out and said, hey, let's tariff. And not that I'm
Speaker 2: opposed to tariff, especially when they're strategic, but it wasn't.
Speaker 3: It was blanking, it wasn't.
Speaker 1: And it was just just based on his mood that
Speaker 1: morning or.
Speaker 3: Last night or whatever. You can't depend on.
Speaker 1: Yeah, somebody said something that got him upset. Okay, one
Speaker 1: hundred percent terraff now back on China. And so that
Speaker 1: was what all these different cattle associations were saying, one
Speaker 1: after the other, and they said, you know, we've got
Speaker 1: to have stability. We got to have stability and prices.
Speaker 1: We've got to have transparency so people know what that's
Speaker 1: going to be and we can't have this constant chaos
Speaker 1: and this whiplash back and forth. It's destroying everything, not
Speaker 1: just the cattle industry. And I point out, you know,
Speaker 1: that's what the Chicago Border Trade was set up to do,
Speaker 1: to make sure that farmers knew what the price is
Speaker 1: going to be when they brought their product produce to market.
Speaker 1: In a few months. Trump is destroying all of this
Speaker 1: for every kind of business, not just the agricultural business,
Speaker 1: but also for manufacturing for retail, for large and small.
Speaker 1: Nobody knows what's going on because he's just constantly whipping
Speaker 1: things back and forth. It's just total chaos, total chaos
Speaker 1: for chaos sake. Yeah, that's what that's to me.
Speaker 2: That's the only explanation is just creative destruction and hiding
Speaker 2: behind the guys of this is there's a plan here.
Speaker 2: There's no no, not a plan to help you anyway.
Speaker 2: And I see people struggling, That's what you know. Primarily,
Speaker 2: that's what I see right now. And I see it
Speaker 2: in the markets, and I see it in people that
Speaker 2: are selling products to me. I see it out on
Speaker 2: the street, you know, when I'm working, you know, taking
Speaker 2: stuff to the bank or anything that I'm interacting with
Speaker 2: the public.
Speaker 3: I see what's going on. And it's not a healthy economy.
Speaker 2: And there's more I think turmoil ahead.
Speaker 3: That's right.
Speaker 1: The plan is for you to trust them, because the
Speaker 1: plan is a con game, a bunch of con men.
Speaker 1: And that's why I'm very concerned about this con that
Speaker 1: is a stable coin and they're not tying it to
Speaker 1: stable things, and it's not a coin. All this stuff
Speaker 1: is just it's just one one thing after the other,
Speaker 1: one con game or the other of this there, Well,
Speaker 1: tell us a little bit about it. I know you've
Speaker 1: been super busy at Wisewell. Tell us a little bit
Speaker 1: about what's what's going on there, what you're what you're
Speaker 1: into right now.
Speaker 2: Well, I think the name of the game right now
Speaker 2: is going to be a supply and speed and ability
Speaker 2: to continue to transact business. It's getting a little bit
Speaker 2: harder to do, but not impossible, and I've built my
Speaker 2: business to be able to sustain. I didn't quite plan
Speaker 2: just for this, but it's something that was akin to this,
Speaker 2: and so right now just trying to keep everything supplied
Speaker 2: and make sure people get products. I think that the
Speaker 2: lull and prices will allow things to cool off a bit,
Speaker 2: but I wouldn't surprise me at all if we have
Speaker 2: another run.
Speaker 3: Here soon, especially if.
Speaker 2: The geopolitically, if there's any sort of tension or break
Speaker 2: in the patterns that we're seeing right now with trade talks,
Speaker 2: or if there's anything on the horizon for any sort
Speaker 2: of tension, metals are still primed to go.
Speaker 3: You could have some more pullback too.
Speaker 2: But it's to me, it's not about the you know,
Speaker 2: the investment side of it. It's more of watching this
Speaker 2: and you're right you mentioned earlier about it. I think
Speaker 2: there is a number that if gold hits that it
Speaker 2: starts showing the I mean, it is showing the weakness
Speaker 2: of the dollar. But I think that that's when the
Speaker 2: like eclipse is the dollar and becomes the gold supplants
Speaker 2: the dollar once and for all is the the most
Speaker 2: held reserve asset. And once that happens, we're gonna I mean,
Speaker 2: there's going to be some real consequences internally for us economically,
Speaker 2: and and it may have it may have a cascading effect.
Speaker 2: I'm not sure, but I think that price is probably somewhere,
Speaker 2: like you said, in about the mid five thousands, I
Speaker 2: think that's when you'll see central banks that will eclipse
Speaker 2: that most held reserve asset. So I'm watching everything leading
Speaker 2: up to that. They was kind of planning for next
Speaker 2: but we're just digging in. I'm definitely not doing any
Speaker 2: more locations.
Speaker 1: And of course you know this. Jamie demon said that
Speaker 1: this last week, well I could see gold going five
Speaker 1: to ten thousand dollars an ounce, but he said, I'm
Speaker 1: not going to buy any of it. So he's not
Speaker 1: trying to get people to buy gold or silver. But
Speaker 1: he could see that happening, and that's on the low
Speaker 1: end where you have a major disruption in the world's
Speaker 1: financial systems. But of course the major disruption in the
Speaker 1: financial system is a self inflicted wound, both by Biden
Speaker 1: and also now by Trump. All these sanctions that were done,
Speaker 1: and you know, war and talk about war is another
Speaker 1: thing that also drives gold. So you stop and think about,
Speaker 1: you know, the fiscal policy, the debt, what the Federal
Speaker 1: Reserve is doing with interest rates. All these different things
Speaker 1: are affecting the price of gold. Wars affect the price
Speaker 1: of gold. And then of course he's got this other
Speaker 1: factor which is trying to set up some kind of
Speaker 1: a digital currency that's going All these things are driving
Speaker 1: people into gold and silver.
Speaker 2: I think, yeah, so many factors, and you know, I
Speaker 2: think the big picture, and you look at all of
Speaker 2: the rest of the supposed wealth in the world, and
Speaker 2: what a fraction of a fraction the actual gold market is.
Speaker 2: We've just we've just begun same thing with bitcoin and silver.
Speaker 2: We've just begun to get the market share of this
Speaker 2: revolution and money that's going on right now. They're going
Speaker 2: to do and there's a new valuation coming there's going
Speaker 2: to be a devaluation of the old and a revaluation
Speaker 2: of the new, and they'll take these commodities will be repriced.
Speaker 2: I don't know what the price is going to be, yeah,
Speaker 2: but definitely do something new. And we're just we're in
Speaker 2: this stream of history. It's it's interesting, David. It's a
Speaker 2: privilege to be here.
Speaker 1: Yeah, and you've got to be very careful, move very
Speaker 1: quickly because I mean, you know, the largest silver refiner
Speaker 1: in India can't get this whole, can't get a hold
Speaker 1: of any silver in the London. Markets are out of it.
Speaker 1: I mean, things are going to get really difficult. So
Speaker 1: it's a great way to gradually save money, put it
Speaker 1: into some asset that is not a rapidly depreciating asset.
Speaker 1: And again Wise Wolf Gold and their wolf Pack is
Speaker 1: one way that you can do that great way to
Speaker 1: gradually save money and to start trying to get yourself
Speaker 1: into having a little bit of an stagg and a
Speaker 1: little bit of a backup plan there. And I know
Speaker 1: a lot of people who have benefited from it. We've
Speaker 1: been infited from it. We've had some people who have
Speaker 1: sent us some things from Wise Wolf. I really am
Speaker 1: appreciative of that, and so it's a great thing. We've
Speaker 1: been able to see the kind of work that you do.
Speaker 1: Appreciate what you do, Tony. Appreciate your support for the
Speaker 1: program as well. I appreciate you.
Speaker 3: David.
Speaker 1: Thank you. So do you have any broadcasts? Usually on
Speaker 1: a Thursday, you've got a broadcast that's coming up, but
Speaker 1: you haven't been able to do the broadcast.
Speaker 3: I've been able to do my show.
Speaker 2: I've had to run best of it, and I think
Speaker 2: maybe next week we'll have a new show. But today
Speaker 2: I've got interviews as soon as I leave this show,
Speaker 2: and I've got the shop opening up, so I don't
Speaker 2: be busy.
Speaker 1: Well, I appreciate I know how busy are. I appreciate
Speaker 1: you taking the time to come on. It's always great
Speaker 1: talking to you. Love your insights. Tony Ardeman of Wisewolf
Speaker 1: Gold and you can get to Tony if you go
Speaker 1: to Davidknight dot Cold, then'll let him know that you
Speaker 1: came through us. Thank you so much to me. Appreciate
Speaker 1: it all right, Take care the common Man. They created
Speaker 1: common Core, dumbed down our children. They created common Past
Speaker 1: Track and Control us their Commons project to make sure
Speaker 1: the commoners own nothing and the communist future. They see
Speaker 1: the common man as simple, not sophisticated ordinary. But each
Speaker 1: of us has worth and dignity created in the image
Speaker 1: of God. That is what we have in common. That
Speaker 1: is what they want to do take away. Their most
Speaker 1: powerful weapons are isolation, deception, intimidation. They desire to know
Speaker 1: everything about us, while they hide everything from us. It's
Speaker 1: time to turn that around and expose what they want
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