Speaker 1: It's great to have you on.
Speaker 2: Always interesting to talk to, and right now everything is
Speaker 2: really changing besides the election and the effects on that
Speaker 2: that somebody send.
Speaker 1: Me this article.
Speaker 2: Saint Louis fed releases an article on why a gold
Speaker 2: standard won't work. They said it's because of goal's lack
Speaker 2: of a fixed supply is a significant problem. It's like, what,
Speaker 2: what are they talking about when you can have Yeah,
Speaker 2: I just need to be able to manufacture as much
Speaker 2: of this stuff as you want. And so they say
Speaker 2: the supply of gold is not fixed to us, a
Speaker 2: lot more fixed than the supply of their paper money,
Speaker 2: isn't it.
Speaker 1: It's amazing to see that argue.
Speaker 3: That's an interesting observation. The fact that gold is not
Speaker 3: fixed makes it their problem. And I think my founding
Speaker 3: fathers would disagree with that. I think history is going
Speaker 3: to judge them and disagree with that. Did you see
Speaker 3: the press conference where Janet Yellen was asked about is
Speaker 3: she worried about the dollar losing the world's reserve currency status?
Speaker 3: And when the question was asked, the monument for the
Speaker 3: Treasury Department fell off the podium.
Speaker 1: Did you see that? I didn't see that.
Speaker 3: That's great, that was it was only a couple of
Speaker 3: days ago. Yeah, live, I mean, did you ask about tariffs?
Speaker 3: And then she was asked about this is do you
Speaker 3: do you have any anxiety about the dollar losing the
Speaker 3: world's reserve currency status. As soon as the question was asked,
Speaker 3: the literally the Treasury seal fell off the podium and
Speaker 3: Janet Yellen just looked kind of dazed and around the place.
Speaker 3: I'll have to send it to you, and Dagon very apropos.
Speaker 1: Then Dagon falls over and the head breaks off.
Speaker 2: And early Yeah, it's uh, it's crazy, that's crazy. Uh yeah,
Speaker 2: something that's a sign for us, isn't it. Uh, Well,
Speaker 2: we're when we're looking at what is happening with this election,
Speaker 2: there's a lot of uncertainty about that. But of course
Speaker 2: I think everybody understands that nothing is really going to
Speaker 2: change afterwards. I mean, there's not nobody is talking about
Speaker 2: any fixes for inflation. I don't I'll be surprised if
Speaker 2: we've got to fix for the wars, but certainly nothing
Speaker 2: to stop inflation. As a matter of fact, both of
Speaker 2: them are looking to increase spending and you know, as
Speaker 2: a handout tax.
Speaker 1: Breaks to various other people.
Speaker 2: So all the fundamentals are still going to be there,
Speaker 2: I think after the election, right.
Speaker 3: Oh absolutely, And I mean we're looking at an all
Speaker 3: time high for gold. It hit twenty seven hundred and
Speaker 3: ninety dollars. Really, what that is is that the currencies
Speaker 3: around the world are losing to gold. I mean they're
Speaker 3: printing more, the governments, the central banks are printing more.
Speaker 3: It's devaluing their own currencies and against gold, which is
Speaker 3: a fixed asset, is a commodity, is a precious metal,
Speaker 3: is finite, and they're losing against that. This is something
Speaker 3: that's happening. It's not just in the United States but worldwide,
Speaker 3: and we're going to continue to see gold prices rise.
Speaker 3: And they're not really rising though. I mean again, it's
Speaker 3: currencies are falling against gold. And you know, it's interesting.
Speaker 3: I was reading that since the invasion of Russia by
Speaker 3: Russia into Ukraine and the sanctions that were placed, central
Speaker 3: banks have five times more goal they increase their central
Speaker 3: gold bank purchases by five times, and every time that
Speaker 3: one hundred tons of gold gets bought by the central banks,
Speaker 3: the price of gold goes up between one point five
Speaker 3: and two percent. And this has been steady for the
Speaker 3: last two plus years. I think we're only going to
Speaker 3: continue to see these trends because again uncertainty, geopolitical tensions,
Speaker 3: and really the failures of governments to have any sort
Speaker 3: of physical sanity in the face of reality. And we're
Speaker 3: going to have I think a reset of prices globally.
Speaker 2: Yeah, oh yeah, absolutely. And you know when you look
Speaker 2: at what is happening with the bricks, that is only accelerating,
Speaker 2: and it's going to be that competition between these two
Speaker 2: economic systems. I think that's going to continue to drive
Speaker 2: the accumulation of that. In addition to what you always
Speaker 2: talk about the fact the massive data accumulation that we've
Speaker 2: got globally is not going to go away. So all
Speaker 2: of those things, you know, they're trying to set up
Speaker 2: different standards, trying to get themselves to be trusted by
Speaker 2: more than the other system. That kind of competition, I
Speaker 2: think all that is going to drive continue to drive
Speaker 2: gold accumulation by the central banks.
Speaker 3: That's just the trend that's going to continue. Nothing's really
Speaker 3: going to derail that. And regardless of what happens this
Speaker 3: coming Tuesday with the election, gold and I think bitcoin
Speaker 3: will continue to rise. There may be you know, I
Speaker 3: mean short term differences in depending on which candidate makes
Speaker 3: it across the finish line or what's selected. But I'm
Speaker 3: just looking at the bigger picture here in the trend
Speaker 3: is worldwide countries like the Bricks nations moving away from
Speaker 3: the dollar, the dollars in trouble. We're going to see
Speaker 3: a continued loss of purchasing power with the US dollar.
Speaker 3: People are going to move into gold, and that's going
Speaker 3: to continue to what appears to be driving prices higher.
Speaker 3: Really what it is is that currencies are falling.
Speaker 2: Yeah, you've got CBDC and all of the climate stuff
Speaker 2: of the Bricks manifesto they released. I mean, they're fully
Speaker 2: on board of everything from the UN and all the
Speaker 2: rest of them. So we got two competing systems, except
Speaker 2: it's like the two competing parties that we've got states.
Speaker 2: I've got Democrats, Republicans, all we got you know, the
Speaker 2: Brick system, we got the you know, the the Western
Speaker 2: system with Swift and all the rest of this, and
Speaker 2: yet both of them are embracing this full on digital ID,
Speaker 2: the CBDC and all the rest of this stuff at
Speaker 2: the same time. I just look at it and the
Speaker 2: only thing that I see is that they're both going
Speaker 2: to be trying to shore up their credentials by buying gold,
Speaker 2: and that we don't want to be a part of
Speaker 2: these systems. We want to try to be outside of it,
Speaker 2: and we should be trying to shore up our independence
Speaker 2: as well with gold.
Speaker 3: I think so you're absolutely right. And it's like talking
Speaker 3: about politics during this country. If you start criticizing one party,
Speaker 3: they assume you're for the other one. So if I
Speaker 3: start talking about what the bricks nations are doing, you know,
Speaker 3: to get outside of the Western system, the US system,
Speaker 3: the dollar and d dollarization, they assume that I'm cheering for,
Speaker 3: which is ridiculous. I'm not. I sympathize with a lot
Speaker 3: of you know, their ideology and where they're headed and
Speaker 3: their strategy getting out of the swift system and utilizing
Speaker 3: their own cross border payments. I think that's great. I
Speaker 3: like decentralization, but I think it's an opportunity for all
Speaker 3: of us to look at LUs being outside of the system,
Speaker 3: being your own bank, learning how to do that, because
Speaker 3: that's the opportunity in the crisis that we're facing. I mean,
Speaker 3: it's never going to go back to the stability that
Speaker 3: we had a relative after the Cold War, there was
Speaker 3: you know, maybe fifteen twenty years where it was it
Speaker 3: was decently smooth for the economy. The dollar stayed pretty
Speaker 3: much the same and there was a slight inflation, but
Speaker 3: it was manageable. Those days are done. I mean, you
Speaker 3: just look at the damage done. You were talking about
Speaker 3: it last week when we were you know, it's not
Speaker 3: just going a trillion dollars in debt every hundred days.
Speaker 3: It's closer to two point five. And you know, how
Speaker 3: do you manage that? I mean, the interest on the
Speaker 3: debt paying that is over a trillion dollars a year.
Speaker 3: It's just unsustainable debt to GDP ratios. They have to
Speaker 3: create a monetary reset, and they're doing that, and they're
Speaker 3: telling you they're going to do it. The last people
Speaker 3: to know will just be the regular folks and that
Speaker 3: are just walking around thinking that. You know, they have
Speaker 3: normalcy bias and we all do it to some degree.
Speaker 3: But I think that's really what we need to take
Speaker 3: from this, not necessarily join a team and I'm for
Speaker 3: bricks or I can't wait for them to do whatever.
Speaker 3: You know, and there's speculation, you know, we talk about
Speaker 3: gold being a fixed asset that ideology has to die off.
Speaker 3: I mean, this is modern monetary theory. As you point
Speaker 3: out all the time, the magic money tree. This is
Speaker 3: like just establishment thought. It's pervasive and all of the
Speaker 3: economists that run academia and so much of the politics
Speaker 3: and this experiment that we've been in since nineteen seventy one.
Speaker 3: It will come to an end. And it's not that
Speaker 3: the dollar is going to go to zero, I think,
Speaker 3: or you'll have wheelbarrows full of cash to buy a
Speaker 3: low for bread or anything. I'm not an alarmist, but
Speaker 3: I think you'll just start to see that the fix
Speaker 3: is in. People will start moving away from things that
Speaker 3: are too much counterparty risk, or they see that they've
Speaker 3: got to get them cash out of the bank or
Speaker 3: out of savings and there's no yield on it. There's
Speaker 3: no return any CDs anymore because of interest rates. And
Speaker 3: you'll see them, you know, buying assets, whether it's land,
Speaker 3: you know, whether it's precious metals or something like bitcoin.
Speaker 3: That will be the trend moving forward, and it's nothing
Speaker 3: I can do about it. I mean, I'm necessary I'm
Speaker 3: not even necessarily cheering it on unless people are learning.
Speaker 3: So if people are learning about what happened, then they
Speaker 3: can make better decisions. And I applaud that it shouldn't
Speaker 3: be out of fear, but it should be from education.
Speaker 2: Oh absolutely, Yeah. If we get into inflation or something
Speaker 2: like that, you know, again, if you can get some
Speaker 2: money into gold. I think the end game with this,
Speaker 2: the great taking all the rest of the stuff, is
Speaker 2: to say, well, we've got the debt. It needs to
Speaker 2: be paid, so we're going to confiscate your mortgages or
Speaker 2: anything like that. So to the extent that as the
Speaker 2: you know, inflation kicks in, perhaps gold is going to
Speaker 2: be relatively worth more and that might help you to
Speaker 2: buy off some of these things to keep them from
Speaker 2: getting confiscated. That's that's one aspect of it. I just
Speaker 2: want to have the privacy having some medium of exchange
Speaker 2: that is outside of their system. I've got a question
Speaker 2: here from Atomic Dog says, Hey, Tony, is there an
Speaker 2: end in sight to this long run up on gold?
Speaker 2: And now silver seems like it runs up, then there's
Speaker 2: some profit taking, then it runs up some more.
Speaker 1: It seems to be the cycle.
Speaker 3: Well, I think that's a great question, because you wonder
Speaker 3: where I how that we well we hit an all
Speaker 3: time high again yesterday, and I assume that if history's
Speaker 3: my guide. I mean, first, you know, it's from twenty
Speaker 3: eleven to twenty twenty there was no all time high,
Speaker 3: so let's just talk about that. And then from twenty
Speaker 3: twenty it took to twenty twenty two to hit another one.
Speaker 3: Now again we're hitting it, you know, every other week
Speaker 3: and sometimes multiple times in the same week. So I
Speaker 3: think what you'll see is you'll continue to see this
Speaker 3: trend where gold will go up, there'll be some profit tanking,
Speaker 3: it'll pull back a little bit. Same thing with silver,
Speaker 3: but there's a there's a level here. I think when
Speaker 3: the paper gold and the ETF separate from the physical gold.
Speaker 3: When the demand continues to go up, which we're going
Speaker 3: to see from central banks. Like I said, it's gone
Speaker 3: up fivefold since twenty twenty two. That's central bank demand
Speaker 3: that's only going to increase. So I think that, you know,
Speaker 3: watching it go up and then the profit taking that's
Speaker 3: going to contend. I don't think we'll see any cratering.
Speaker 3: I don't think that it'll you know, you're definitely not
Speaker 3: going to see two thousand dollars gold again unless there's
Speaker 3: an absolute market crash, but that'll only be temporary. I
Speaker 3: think there'll be a more consolidation in the gold price
Speaker 3: we're heading to. And this is not just me saying this,
Speaker 3: but I think I think it's a conservative estimate to
Speaker 3: be at three thousand dollars gold in twenty twenty five. Again,
Speaker 3: not financial advice, not about investments. I'm just telling you
Speaker 3: where it's going to be against the dollar and against
Speaker 3: other currencies. The real story its gold, and I think
Speaker 3: even the clips in gold. I've shared this with you,
Speaker 3: I think a couple of weeks ago, but it was
Speaker 3: a game changer, the Russian government putting silver and pulatinum
Speaker 3: and palladium on their strategic reserve asset list and really
Speaker 3: putting silver out front. There's something to that, and this
Speaker 3: is a big move. Really no government since the pre
Speaker 3: communist Chinese, we're heavy on silver for strategic reserve assets.
Speaker 3: Russia moving into that, I think just underscores that silver
Speaker 3: truly is the most undervalued asset in the world, given
Speaker 3: all of its industrial uses and medical uses and then
Speaker 3: monetary uses, and the fact that it's under thirty four
Speaker 3: dollars an ounce is extremely cheap, giving its history. I
Speaker 3: have to remind people fifty two dollars and fifty cents
Speaker 3: in nineteen eighty. It was a bit of an anomaly,
Speaker 3: but that had to do with the Hunt family buying
Speaker 3: physical silver, and nobody's done that since they were punished
Speaker 3: by the deep state, I mean, would run through the
Speaker 3: mill for that, and you know, I think targeted financially
Speaker 3: because they exposed the weakness of the dollars. So I know,
Speaker 3: the trend to me is up. There's always it doesn't
Speaker 3: always go up into the right, but the trend for
Speaker 3: both precious metals against the currencies worldwide, I think is
Speaker 3: going to continue to go up.
Speaker 2: And of course you're talking about fifty dollars silver. Gold
Speaker 2: was around eight hundred or something like that as well
Speaker 2: around that time, and about what would that be today
Speaker 2: if we did that that for inflation.
Speaker 3: Well at least you know, four or five thousand.
Speaker 2: Yeah, yeah, So you know, we look at this that
Speaker 2: the fundamentals, and I think the reason that there is
Speaker 2: some profit taking but it continues to trend up is
Speaker 2: because the fundamentals are that they're not going to do
Speaker 2: anything about the spending and they're not going to do
Speaker 2: anything about making you know, printing more money and inflation
Speaker 2: and all the rest of this stuff. And it doesn't matter,
Speaker 2: you know, which one of these two teams gets in.
Speaker 2: That's the way they're going to run it. I mean,
Speaker 2: we look at what the La LA team is talking
Speaker 2: about the Green New Deal, endless amounts of money being
Speaker 2: spent on this fantasy talking about reparations. And then on
Speaker 2: the Trump side, he has absolutely no aversion to debt whatsoever.
Speaker 2: And we saw that in twenty twenty. Yeah, just you know,
Speaker 2: do a bill three and a half trillion dollars in Hey,
Speaker 2: if you oppose that, you say anything, we're going to
Speaker 2: primary you out, you know, he said to Massey at
Speaker 2: the time. So he has no aversion to debt. That
Speaker 2: is something that he has used all of his life
Speaker 2: as leverage, and he knows how to use it.
Speaker 1: He's very comfortable with it.
Speaker 2: He's the debt king, and so you're going to see
Speaker 2: that that go up. And he's not even serious Tony
Speaker 2: about trying to limit the deficit. And when he starts
Speaker 2: talking about tariffs, he says, no, I'm just going to
Speaker 2: use it as leverage to get things to onshore manufacturing
Speaker 2: in the United States. So he's not really necessarily talking
Speaker 2: about increasing the tariffs. He just wants to use it
Speaker 2: as a leverage thing. And that's the way he always
Speaker 2: used debt. He uses his debt as a leverage with
Speaker 2: the banks. So both of them are big spenders. Both
Speaker 2: of them don't care about any kind of you know,
Speaker 2: responsible balanced government whatsoever. And it's going to continue.
Speaker 3: I think what Trump learned early on is that he
Speaker 3: had amassed so much debt going into the nineteen nineties
Speaker 3: that he was more dangerous to the bank than the
Speaker 3: bank to him. And they needed him, and he really
Speaker 3: took him years. You know, he had people like Wilbur
Speaker 3: Rosscombe and you know who's Roschild's agent and helped him to,
Speaker 3: you know, steer through that navigate that there was huge
Speaker 3: losses of equity, you know in the taj Mahal Casina,
Speaker 3: all that stuff that imploded, and you know, he'd learned
Speaker 3: he had called himself the King of debt. If it
Speaker 3: was a fallacy in it though, you know, when you
Speaker 3: kind of use that, you can use debt to a
Speaker 3: certain extent if you're in the private sector and you
Speaker 3: become that big that's true, but you're talking on a
Speaker 3: global stage. David with that much on the line and
Speaker 3: GDP and all of that. The this strategic strength of
Speaker 3: the United States lies on its currency. You start messing
Speaker 3: with that, that's very dangerous territory. So I would you know,
Speaker 3: I would think that creating an environment where you know,
Speaker 3: you could invite companies to come here and build things,
Speaker 3: you can use tariffs for that. But there has to
Speaker 3: be a combination of safety in the currency. You can't
Speaker 3: just bully people. Can't just say well, I'm going to
Speaker 3: place one hundred percent. He said, this is going to
Speaker 3: place one hundred percent tariff in a country that's not
Speaker 3: utilizing the dollar. Well, that's still a weaponization of the dollar.
Speaker 3: It's just a different strategy by other means. So I
Speaker 3: really think those those type of strategies. I'm all for
Speaker 3: trying something new. And I agreed with what Trump said
Speaker 3: on the Rogan interview about William McKinley being, you know,
Speaker 3: the tariff king and how well we did in the
Speaker 3: nineteenth century. But there has to be this this debt
Speaker 3: issue and the currency issue has to be addressed. You
Speaker 3: have to remember William McKinley had the gold standard. You know,
Speaker 3: that's you know, that was the whole point of William
Speaker 3: Jennings Bryan running against him and saying, you know, the
Speaker 3: cross of gold speech that we had such a strong currency,
Speaker 3: they wanted free silver injected into the into the economy
Speaker 3: to lower the purchasing power of the dollar, to get
Speaker 3: people out of debt. So that was a that was
Speaker 3: a populist uh you know, political uprising if you will.
Speaker 2: So I critcified the country on a cross of gold.
Speaker 2: He needed liquidity from silver.
Speaker 3: Yeah, right, Yeah, that's where I hit the comstock load.
Speaker 3: That's where you get, you know, the first Morgan silver
Speaker 3: dollar eighteen seventy eight. You know it's coming out of that.
Speaker 3: There's a massive silver hit, you know, in Nevada. And
Speaker 3: then so that's the binanculist that's right, that's the TV
Speaker 3: show that Nixon would interrupt to take us off the
Speaker 3: gold standard. Ironically.
Speaker 2: Yeah, we went out to Nevada, the Tahoe thing when
Speaker 2: the kids were little. We went around some of those
Speaker 2: silver mines and everything that we're out there. I wanted
Speaker 2: to see where they'd filmed Bonanza, but you know, we
Speaker 2: wound up doing the silver mines as well. I was
Speaker 2: under Yeah, that's right. The fonder rossa they ran that
Speaker 2: thing for years. They had the cast, the three of them.
Speaker 2: They set up a tourist resort around there. But it's
Speaker 2: kind of deja vou to see that. But yeah, getting
Speaker 2: back to the to the silver standards, getting off on
Speaker 2: the tangent there, it is when you look at Trump,
Speaker 2: he's willing to do these very risky things. And of
Speaker 2: course the bad who was able to use at his leverage,
Speaker 2: But the bad thing was that he bankrupted casinos and
Speaker 2: so the bottom line is that he eventually lost the casinos.
Speaker 2: All he cared about with the rostyle people was you're
Speaker 2: going to keep my name on the buildings right until
Speaker 2: they completely go away. And so if he's got his
Speaker 2: name on the US, he doesn't really care what's happening
Speaker 2: fundamentally with his stuff. I think it's going to be
Speaker 2: a very dangerous time regardless of whoever is there. And
Speaker 2: it is because the same mentality is there with uniparty
Speaker 2: on so many of these different issues, but especially on
Speaker 2: the fiscal stuff.
Speaker 1: There's not going to be any change to it.
Speaker 2: And we're talking about it, you know, with the going
Speaker 2: back to his examples of the nineteenth century, the real
Speaker 2: issue was also spending right and they're not going to
Speaker 2: stop spending. They're going to continue to double down on
Speaker 2: the spending and just rearrange the deck chairs. Let me,
Speaker 2: let me give a tax break to this demographic voter
Speaker 2: group over here. I won't ta put taxes all, make
Speaker 2: a policeman all tax free, no tax on tips for waitresses.
Speaker 2: And that's the kind of games that they're playing. So
Speaker 2: it isn't going to change.
Speaker 3: I mean history that history shows us that the great
Speaker 3: empires or countries rise on sound money and economic nationalism,
Speaker 3: they decline on FIA currency and free trade. Yeah, and
Speaker 3: that's where we're in that cycle right now. And until
Speaker 3: we hit some sort of wall, if you will, something
Speaker 3: that where the music stops and there has to be
Speaker 3: you know, the people have to get we have to
Speaker 3: have a sober look at our our fiscal house. Everything's
Speaker 3: you know, up in the air, but we don't. There's
Speaker 3: no telling you know, how bad it will get as
Speaker 3: far as what happens to the dollar or you know
Speaker 3: what kind of economic damage is done from just not
Speaker 3: getting our fiscal house in order. Again, this is this
Speaker 3: is something that's not it's not in our politics. It's
Speaker 3: not in this election. It used to be and it
Speaker 3: begs the question, like, what what changed have they just
Speaker 3: decided to, you know, do a controlled demolition of this
Speaker 3: economy to replace it. Besides, it is build back better.
Speaker 3: In order to do that, you have to first destroy
Speaker 3: something to build it back better. So that's really where
Speaker 3: my mind goes, because it doesn't seem like anything's being
Speaker 3: done to to prop up the dollar or our economy.
Speaker 2: For a Love of the Road says Tony has said before,
Speaker 2: he's referring to d G eight about the Tomahawk missile
Speaker 2: selling you put that up there first, uh DJA, says David.
Speaker 2: Can you ask Tony if we go to war will
Speaker 2: silver skyrocket? How much silver is in a Tomahawk missile?
Speaker 2: For the Love of the Road says he wants to
Speaker 2: say that there was about one hundred ounces of silver
Speaker 2: and it is a monster five hundred ounces, five hundred.
Speaker 3: Five hundred ounces, a monster box. It's a monster box,
Speaker 3: which is five hundred ounces of silver and every Tomahawk missile.
Speaker 2: And I wonder how much CO two there is. Yeah,
Speaker 2: rent of they don't care about anything, you know, They've
Speaker 2: got their goals of it, and all the stuff that
Speaker 2: they're telling us is existential, life threatening and all that.
Speaker 1: They don't care. I mean, their missiles are life threatening.
Speaker 2: We'll be alarmed about that, but they want us alarmed
Speaker 2: about CO two and eating meat. It's just absolutely insane
Speaker 2: what we see coming with these people. How are things
Speaker 2: doing in terms of being able to get supply? That
Speaker 2: was always the thing. You saw this coming. We could
Speaker 2: see what the fundamentals were. We knew that there was
Speaker 2: going to be this type of thing and everybody's going
Speaker 2: to be scrambling for supply. And you said, it starts
Speaker 2: hitting all these consecutive all time highs, and I think
Speaker 2: it's going to be the issue. How are things looking
Speaker 2: on that side?
Speaker 3: It's getting harder to get supply on a consistent basis.
Speaker 3: And I'm really glad that I have the two physical
Speaker 3: gold and silver exchanges because pretty much any one ounce
Speaker 3: silver rounds that I'm buying, or coins or bars or
Speaker 3: even ten ounce silver bars, they all go into a
Speaker 3: wolf pack, you know, because we have over thirteen hundred
Speaker 3: members across the United States now, and we get orders out,
Speaker 3: like if your card is charged, I'm getting that order
Speaker 3: out within forty eight hours, and you've got a tracking
Speaker 3: number for that. We don't keep We try to get
Speaker 3: the packages out to satisfy every order as fast as possible,
Speaker 3: and it's been it's been pricky. I had to front
Speaker 3: end load a lot of wolf pack for that and
Speaker 3: just replacing the same items. It's getting trickier, and of
Speaker 3: course price is the price fluctuation, David, It's been interesting
Speaker 3: to keep track of, to say the least, you know,
Speaker 3: gold especially, you know, with the price of gold going
Speaker 3: to where it is, just having to cover that buying
Speaker 3: an ounce of gold. So I'm built for it. I
Speaker 3: love what I do, but it is going to get diceier.
Speaker 3: I think as time goes on, and you know, you
Speaker 3: point out is that question from for level of the
Speaker 3: road about is the price of silver going to go
Speaker 3: up if we go into a hot war. I think
Speaker 3: the price of silver is going up regardless. I don't.
Speaker 3: I don't think there's anything that can stop it. And
Speaker 3: we're about I think we're we've reached really peaked paper
Speaker 3: silver the way that that trades. And I've said this before,
Speaker 3: but I think it's estimated that for every two hundred
Speaker 3: and fifty or so ounces of silver that's traded in
Speaker 3: the paper market, a one ounce of silver actually exists
Speaker 3: in the third dimension in the real world, so physical
Speaker 3: one ounce to two hundred and fifty ounce these things,
Speaker 3: and this is going to come to a head eventually.
Speaker 3: And and again there's another metric to this too. It's
Speaker 3: two hundred and I think twenty five million ounce deficit
Speaker 3: coming up this year. It was over two hundred million
Speaker 3: ounces last year. So every time you run these, you know,
Speaker 3: two hundred two hundred plus million ounce deficits, you have
Speaker 3: to take from the existing above ground supply. It's not
Speaker 3: coming from mining, so it has to continually come out
Speaker 3: of the above ground supply. You don't have to be
Speaker 3: a math wizard to figure that out that. You know, eventually,
Speaker 3: just you know, basic economics kiss kicks in and we
Speaker 3: just haven't reached that point yet, but it will happen.
Speaker 2: Yeah, that's the thing about the paper gold and paper silver.
Speaker 2: I had started accumulating that years ago, I guess maybe
Speaker 2: about ten years ago, and you know, putting our ira
Speaker 2: in it, and it was like then, I know, then
Speaker 2: the price started changing. Well you know, it's going horizontal
Speaker 2: for a long time like that, you didn't really notice anything,
Speaker 2: and it's like, oh, okay, this is easy and get
Speaker 2: a tenth of an ounce at a time, and then
Speaker 2: gold started going up, and it didn't go up, you know,
Speaker 2: and they didn't start tracking it. And that's when I
Speaker 2: looked at It's like, what's going on with this? Why
Speaker 2: doesn't that track? And that's when I found out, Oh, well,
Speaker 2: there's this thing called Shanghai Gold Exchange where they got it.
Speaker 2: And it's like, oh, okay, so this is in China,
Speaker 2: so nobody's actually checking this got anything at all.
Speaker 1: I don't know what it is on gold.
Speaker 2: You said it's two hundred and fifty to one an
Speaker 2: estimate of your estimate of where it is on silver.
Speaker 1: I imagine it is easily that way.
Speaker 2: They create these derivatives and it just lets them completely
Speaker 2: escape any reality and manipulate the price of the real
Speaker 2: assets as well.
Speaker 1: At the same time. It's crazy as.
Speaker 3: It's one of the reasons I think in the primary
Speaker 3: goal of bricks is to reset commodity prices with their
Speaker 3: own exchanges. I mean, aside from the cross border payments.
Speaker 3: I really don't think when I read into this, and
Speaker 3: they may have developed some sort of unified currency, but
Speaker 3: I don't think so. I don't think those countries can
Speaker 3: agree on a real unified currency. I think it might
Speaker 3: be a unified payment system like Vladimir Putin was talking
Speaker 3: about the bricks bridge system. But really, David, in my opinion,
Speaker 3: you know, reading at what I do and looking into it,
Speaker 3: it's about the reset of commodity prices they do. It's
Speaker 3: no longer about you know, de dollarization. It's about the
Speaker 3: West in general, the way the West has run its
Speaker 3: markets and to stranglehold on commodities because in an era
Speaker 3: of fiot, you have to control commodities against it. If
Speaker 3: you really look at the historical trend to what happened
Speaker 3: in the seventies, and you know this, I mean you
Speaker 3: were there, You're watching what happened with the rise and
Speaker 3: interest rates. There was an alarm bell that went off
Speaker 3: in the night. You have Paul Voker from the Federal Reserve.
Speaker 3: They raised interest rates to the teens. And why did
Speaker 3: they do that, Well, because the money supply needed to
Speaker 3: be contracted and the purchasing power was going down and
Speaker 3: inflation was rampant, and then it reflected itself in the
Speaker 3: price of gold and silver. They put a stop to
Speaker 3: that and it lasted for a while, you know, it
Speaker 3: lasted until I was about two thousand and five. Going
Speaker 3: into that era, it lasted util I was about twenty
Speaker 3: five years old. And then this trend has been up
Speaker 3: and up and up, and you know, sometimes taking a dip.
Speaker 3: But now look at where we are now, and it
Speaker 3: really reflects the fiscal insanity, you know, and the amount
Speaker 3: of currency creation, the amount of debt, and then just
Speaker 3: an absolute irresponsibility when it comes to our budget. It
Speaker 3: reflects in the price of gold, and eventually you'll see
Speaker 3: it truly reflecting in the price of silver. But you
Speaker 3: have to remember that the largest holder of silver in
Speaker 3: the world is JP Morgan Chase, and JP Morgan Chase
Speaker 3: was convicted of suppressing the silver price, and that just
Speaker 3: gets lost on a lot of people. Why would you
Speaker 3: suppress the price of something that you primarily hold. That's
Speaker 3: because you want to get more of it. Yeah, that's
Speaker 3: always hard less attractive, that's right.
Speaker 2: That's what we started in the real estate stuff. I
Speaker 2: remember when that all kicked off, we had our neighbors
Speaker 2: refinance their home. The interest rates were very low and
Speaker 2: dropping and they got some equity out of it, and
Speaker 2: they thought, well, let's do that as well. And but
Speaker 2: you know, it was only just a couple of weeks
Speaker 2: and all of a sudden everything had changed. It's like,
Speaker 2: how could it change that quickly? And said, well, this
Speaker 2: is being imposed from California, so I'm looking at it.
Speaker 2: It's like, so why would they manipulate the market like
Speaker 2: this to make the real estate less valuable? And as
Speaker 2: you point out, they're playing the long game. They want
Speaker 2: to accumulate more of it, so they make it less valuable,
Speaker 2: and they put a lot of people underwater, and a
Speaker 2: lot of people lost their homes, but they were able
Speaker 2: to accumulate them at an even cheaper price to all
Speaker 2: that stuff. And again it's part of it, was the
Speaker 2: derivatives market and all the rest of these things that
Speaker 2: they were playing with people. And that's what they're doing
Speaker 2: now with the commodities. And you're right when you look
Speaker 2: at bricks, it's all about the commodities. Everything that they're
Speaker 2: talking about and getting a lot of these getting on
Speaker 2: board a lot of third world countries that are rich
Speaker 2: in natural resources and commodities. It is a big move
Speaker 2: toward the commodities.
Speaker 1: It truly is.
Speaker 3: Yeah. I mean we looked at the gold supplanting. The
Speaker 3: euro is becoming the second most held reserve asset by
Speaker 3: central banks and number one being the dollar. I think really,
Speaker 3: if you're paying attention though, and if you're in the know,
Speaker 3: you get that gold is already the world's reserve currency.
Speaker 3: I think it's supplanted the dollars some time ago, and
Speaker 3: it's just now playing a game of allorization getting out
Speaker 3: of those holdings and you know how else that places.
Speaker 3: It's a very interconnected worldwide economy, as you know. But
Speaker 3: the trend, and it's accelerating. I think we're just going
Speaker 3: to see this is going to continue to be and
Speaker 3: eventually will bleed into even though I know they don't
Speaker 3: want it, mainstream will start happing cover this. They'll have
Speaker 3: to actually admit that something is afoot and that commodities,
Speaker 3: you know, this boring thing. You know, gold, this barbarous
Speaker 3: relic and you know what it what did Warren Buffett
Speaker 3: call it? A pet rock? It doesn't do anything, you know,
Speaker 3: it just sits there. I think I think this will
Speaker 3: this will be headlines. You know again, Mainstream will start
Speaker 3: covering the stuff that you and I talk about every
Speaker 3: week very soon because it will be too large of
Speaker 3: an issue, not.
Speaker 2: Too yeah, well, so next time we talk it's going
Speaker 2: to be two days after the supposed election, and I
Speaker 2: imagine that there's going to be a lot of chaos
Speaker 2: from both sides. Nobody is willing to accept the other
Speaker 2: side winning. I think of this time, Uh so, what
Speaker 2: do you think is going to happen? I mean, we
Speaker 2: look at the long term trends of this stuff, and
Speaker 2: we were talking about regardless of which party is in power,
Speaker 2: they're going to continue the debt accumulation and the spending
Speaker 2: without any responsibility.
Speaker 1: So we know how the effect of that's going to be.
Speaker 2: But the short term, I mean, what do you think
Speaker 2: this If everything erupts into accusations of stole an election
Speaker 2: all the rest of stuff, Well, you think that's going
Speaker 2: to really rock the markets this next week? What are
Speaker 2: you looking for?
Speaker 3: Oh? I think I think it has the possibility to know,
Speaker 3: there's several things that could happen in scenarios. You know,
Speaker 3: if you if we know early, which I don't see
Speaker 3: how we could, but if we know, like it's a
Speaker 3: sane country anymore, like there's an election result, and then
Speaker 3: you know there's some sort of consensus that hasn't been
Speaker 3: the trend. But let's say we do I think gold
Speaker 3: would pull back a little bit, depending on like if
Speaker 3: if if Trump wins uh selected, I think gold would
Speaker 3: pull back a little bit. I think silver might pull
Speaker 3: pull back a little bit. Bitcoin would probably go up.
Speaker 3: If you put that in a reverse order where you know,
Speaker 3: Kamala is selected, I think gold goes up. I think
Speaker 3: silver goes up. I think Bitcoin maybe goes sideways, maybe
Speaker 3: falls back a little bit. So those really I think
Speaker 3: the two best case scenarios. And then if we're in
Speaker 3: some knockdown, drag out legal battle and you know it
Speaker 3: stopped the steal part two, the reckoning or whatever, if
Speaker 3: we go into that, then all bets are off. I
Speaker 3: think I think the markets will start going their own way.
Speaker 3: I think people they just start you know, saying this
Speaker 3: is a you know, whether this fiscal house, this is
Speaker 3: insanity over here on the on the ruling class side,
Speaker 3: they'll start looking at alternatives. If we are in chaos,
Speaker 3: that is where you know, fear goes right into the
Speaker 3: precious metals market, because again it's a it's a store
Speaker 3: of value. It is actual money, and it's physical, and
Speaker 3: it's outside of the system and gives people the opportunity
Speaker 3: to at least house that wealth and energy and work
Speaker 3: and not have counterparty risks. So there's a there's a
Speaker 3: lot of scenarios here, I think, But long term, David,
Speaker 3: you and I both know the trend for things that
Speaker 3: are finite in a world of fiat is open to
Speaker 3: the right and you know, against it. You know, the
Speaker 3: gold really has no top and the dollar really has
Speaker 3: no bottom. And that goes for silver and bitcoin too. Yeah.
Speaker 2: Yeah, those are the things that get us outside of
Speaker 2: that fiat currency, the.
Speaker 1: Gold, silver and bitcoin.
Speaker 2: Let me ask you, I see why you'd say that
Speaker 2: Trump be bullish for bitcoin because he's talked about it
Speaker 2: a lot, and so he's going to protect it, maybe
Speaker 2: even use it, you know, have the government buy it
Speaker 2: and keep it as a store of value and that
Speaker 2: type of thing. And the Democrats have been very active
Speaker 2: to try to purge crypto bitcoin, but all the crypto
Speaker 2: What about gold and silver, though, why do you say
Speaker 2: that that would perhaps go down a little bit with
Speaker 2: Trump and a little bit up with La la what
Speaker 2: you're thinking on that?
Speaker 3: And it may be short lived, but I think when
Speaker 3: you see like a healthy stock market or people, and
Speaker 3: a lot of times when you see gold go up,
Speaker 3: it's because they look around, there's a lot of uncertainty,
Speaker 3: and they just get out of those positions and get
Speaker 3: into gold. Think if you know the psychological impact of Trump,
Speaker 3: and we saw that in twenty sixteen and it was
Speaker 3: short lived. But its not because a policy will just
Speaker 3: be like, oh, well, there's a businessman. He knows the markets.
Speaker 3: You know, he knows about he's going to be friendly
Speaker 3: or at least in rhetoric to Wall Street and Main Street.
Speaker 3: In rhetoric. It doesn't even matter what he does. I think.
Speaker 3: And the reason I say it's temporary, this is just
Speaker 3: my opinion. I think you'd see a slight pullback and
Speaker 3: it may just go sideways. But I think there'd be
Speaker 3: some positions that would be cashed out because they're waiting
Speaker 3: to see what happens, and that be put back into
Speaker 3: the market. But you give it another quarter and we're
Speaker 3: going to see You might even see it. Within the
Speaker 3: thirty days, you would see another all time high for
Speaker 3: gold because those trends are going to continue. But in
Speaker 3: the short run, I think psychologically you may see a
Speaker 3: little bit of a pullback, but maybe just sideways.
Speaker 1: Well that's interesting.
Speaker 2: Of course, many of us are not day traders in
Speaker 2: anything including.
Speaker 1: Gold and silver.
Speaker 2: It's a buy and hold strategy, gradually accumulating it. That's
Speaker 2: what Wolfpack is so great at that you can gradually
Speaker 2: start to take you know, have a savings plan where
Speaker 2: you can put stuff there and have kind of wealth
Speaker 2: insurance with gold and silver, and so we know, you know,
Speaker 2: we feel good about it in the long term just
Speaker 2: looking at you know, how people are going to perhaps
Speaker 2: be reacting to it the psychology, and we can all
Speaker 2: guess what that's going to be.
Speaker 1: Nobody knows for sure exactly.
Speaker 2: You've got a program that's going to be immediately following
Speaker 2: this one. Tell everybody about that. And is there anything
Speaker 2: that is happening at wise wolf that you want to
Speaker 2: clue us.
Speaker 3: On, Well, I would say, you know again, but we
Speaker 3: have the free silver giveaway. It's still promo code seventeen
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Speaker 3: we have the program starting as low as fifty dollars
Speaker 3: a month for wolf Pack, going all the way up
Speaker 3: to five thousand and I have some announcements coming from Wolfpacks,
Speaker 3: and I'm working on some stuff I'm actually meeting. I'm
Speaker 3: in Florida right now. I have meetings going on that
Speaker 3: I'm going to be bringing some new programs to wolf
Speaker 3: Pack that I'm really looking forward to. So yeah, please,
Speaker 3: if you're in the market and you like physical precious
Speaker 3: metals and you want to trade your Fiat end for
Speaker 3: something real, go to David Knight dot gold And yes,
Speaker 3: I have my radio show, the Arderburn Radio transmission every
Speaker 3: Thursday following your show on x at Tony Arderburn on
Speaker 3: Rockfin the America Unplugged channel. You can find me on
Speaker 3: Rumble as well America Unplugged and we do we do
Speaker 3: an hour. Come over there and join the chat. Love
Speaker 3: to see you, and that's what I like.
Speaker 2: I like the fact that you're, like you said, you're
Speaker 2: in Florida looking at something to do with Wolfpack. Wolf
Speaker 2: Pack is a very innovative thing. It's not anything that
Speaker 2: I've seen anybody else do. And I really do appreciate that.
Speaker 2: I appreciate working with you all these years. It's great
Speaker 2: to have somebody that can trust you and and that
Speaker 2: certainly is the case with Tony Ardvin and Wise Wolf
Speaker 2: and you can get there through Davidnight dot Cole. Thank
Speaker 2: you so much, Tony, thank you for supporting the program.
Speaker 2: Thank you for coming on. And it's going to be
Speaker 2: interesting times. As the Chinese say, curse, you know, we're
Speaker 2: going to really interesting times in the next few years
Speaker 2: as we get closer and closer to this twenty thirty
Speaker 2: thing that is coming up and just right around the corner.
Speaker 2: Thank you so much for joining us and for all
Speaker 2: you do. Thank you, Tony, have a good day.
Speaker 3: Thank you, David, appreciate it.
Speaker 4: Let me tell you the David Night Show you can
Speaker 4: listen to with your ears. You can even watch it
Speaker 4: by using your eyes. In fact, if you can hear me,
Speaker 4: that means you're listening to the David Knight Show right now.
Speaker 3: Yeah, good job.
Speaker 5: And you want to know something else, You can find
Speaker 5: all the links to everywhere to watch or listen to
Speaker 5: the show at Thedavidnightshow dot com.
Speaker 3: That's a website.