Speaker 1: Joining us now is Tony Ardeman, and we talking a
Speaker 1: little bit about the Shanghai Gold Exchange and what's happening.
Speaker 1: Last time you're on, Tony, you talked about the Hong
Speaker 1: Kong Gold Exchange, I think, and so China is making
Speaker 1: a huge move to accumulate gold. That's been one of
Speaker 1: the many driving factors. I mean, we're into record territory
Speaker 1: we've passed in terms of real terms when gold shot
Speaker 1: up to eight hundred dollars an ounce. But it's because
Speaker 1: there are so many different things that are driving it simultaneously.
Speaker 1: And one of those is, as you've been talking about
Speaker 1: for the longest time, the push by a lot of
Speaker 1: central banks to accumulate gold. But nobody is pushing it
Speaker 1: like China. As a matter of fact, they're trying to
Speaker 1: de westernize the global bullion market, says Zero Hedge. London
Speaker 1: and New York have been places where gold has been
Speaker 1: stor in the past. China is trying to place that Shanghai,
Speaker 1: perhaps Hong Kong as well. What's your take on that.
Speaker 2: I thought the story last week about Hong Kong play
Speaker 2: was really important because you already have the Shanghai Gold
Speaker 2: Exchange and it just highlights the move that China is
Speaker 2: making as well as the bricks nations to make the
Speaker 2: move of commodity pricing eastward. There's another headline up that's
Speaker 2: up on zero hedge and then just I mean really
Speaker 2: putting some emphasis on what's going on with the West.
Speaker 2: And Canada has no gold reserves, Sam, did you know
Speaker 2: that zero gold reserves?
Speaker 1: Well, but they've got a central bankers as their prime
Speaker 1: minister or whatever, so I guess they're covered, right. You
Speaker 1: don't need gold if you got a central banker.
Speaker 2: I think that's that's a key indicator of where we're
Speaker 2: headed in this in this decade and especially in this century,
Speaker 2: is that everything is flowing out of the hands of
Speaker 2: the West. And they had an interview with Ray Dalio
Speaker 2: and he was talking about, you know, the juxtaposition of
Speaker 2: nineteen forty five when the United States had about eighty
Speaker 2: percent of the world's money. You know, we were about
Speaker 2: five percent of the world's population, about fifty percent or
Speaker 2: more of the wealth, and then that's completely dissipated and
Speaker 2: it's flowing eastward and it's being decentralized out of our
Speaker 2: hands for sure. So dollar domination is really I think
Speaker 2: in this timeline, it's really in danger of losing more
Speaker 2: and more market share.
Speaker 1: Yes, zero head China headline said, nobody is hedged for
Speaker 1: the real gold panic that hasn't even started yet.
Speaker 2: No, No, I don't think it has. As a matter
Speaker 2: of fact, it's interesting every day I started calculating the
Speaker 2: ratios and not only the gold of silver ratios, but
Speaker 2: the bitcoin the gold ratios, and Bitcoin has slipped a
Speaker 2: little bit off of I think AI expansion and other
Speaker 2: things that have happened since the rate cut, and that's
Speaker 2: probably temporary, but it went from thirty one ounces of
Speaker 2: gold to make one bitcoin to about twenty nine, and
Speaker 2: so that slipped a little bit. But the real metric
Speaker 2: to watch is the gold of silber ratio. That's starting
Speaker 2: to come back to normal, or at least somewhat normal levels.
Speaker 2: I mean, we got up to past one hundred ounces
Speaker 2: of silver to make one ounce of gold not too
Speaker 2: long ago, when it was thirty five dollars an ounce
Speaker 2: for gold and thirty five hundred dollars an ounce, or
Speaker 2: thirty five hundred dollars ounce of gold and thirty five
Speaker 2: dollars an ounce for silver, David, And now we're at
Speaker 2: eighty three to one because silver passed the forty four
Speaker 2: dollars more.
Speaker 1: Yeah, it truly is amazing. We're hitting one all time
Speaker 1: high after the other. But as I said, there's a
Speaker 1: lot of different reasons, especially for us as individuals. We
Speaker 1: look at the rise of stable coin.
Speaker 2: There was an.
Speaker 1: Article from zero Hedge talking about one hundred billion dollar
Speaker 1: a year battle that is shaping up between credit cards
Speaker 1: and stable coins. But I guess though, really stable coin
Speaker 1: be more like a debit card, you know, let you
Speaker 1: pay for things instantaneously. But we live in a credit
Speaker 1: card society, don't we, where people are borrowing from the future,
Speaker 1: So I don't know really how much of that is
Speaker 1: really going to be over the credit cards versus that.
Speaker 1: I think you see the credit card companies are merging
Speaker 1: with the stable coin companies, as Visa merged with the
Speaker 1: biometric company. They want to be there for the for
Speaker 1: the surveillance. So imagine, you know, they could process a
Speaker 1: transaction and still put it on a credit card account
Speaker 1: for you and.
Speaker 3: Charge your thirty or forty percent interest as it continue
Speaker 3: to allow that to happen.
Speaker 2: Yeah, I think what makes the stable coin battle between
Speaker 2: credit card processing and stable coins is the fees, it's
Speaker 2: merchant fees that'll be their selling point. As a matter
Speaker 2: of fact, I saw it was I think a coinbase
Speaker 2: commercial about a year ago. It was highlighting how small
Speaker 2: business could open up a coin base account and if
Speaker 2: they were if they took crypto, but their fees would
Speaker 2: be lower than if they just took credit cards, which
Speaker 2: I thought it was interesting. And then if you enter
Speaker 2: in stable coins. Now I've been looking into stable coins
Speaker 2: because I thought, well, if you're gonna deal, if you're
Speaker 2: gonna have bitcoin or something, you should have stable coin.
Speaker 2: That's a whole other like to actually deal in stable coins,
Speaker 2: it's a lot harder to deal in than it is Bitcoin,
Speaker 2: at least right now, you have to go through a
Speaker 2: third party, which I think that's probably how it's going
Speaker 2: to be.
Speaker 1: It's not going to be are connected to Trump like
Speaker 1: Lutnake and others.
Speaker 2: Yeah right, It'll be something else so that it's not
Speaker 2: you know, meet the new boss same as the old boss.
Speaker 2: It's probably a lot of the same entities or interest
Speaker 2: except it's a different vehicle. And they can be competitive
Speaker 2: because for the longest time, you know the hidden cost
Speaker 2: of credit card fees, and I know this from being
Speaker 2: in the gasoline business my entire life, and you know,
Speaker 2: three percent at the pump and how that looks on
Speaker 2: your balance sheet when you're selling gasoline at the retail
Speaker 2: level that the credit card companies make more than the
Speaker 2: retailer most of the time. You know, if it's right
Speaker 2: over three dollars a gallon, that's nine cents of a
Speaker 2: gallon that in the retailer usually makes about a nickel.
Speaker 2: So that'll be an interesting I think all the infrastructure
Speaker 2: that's being put in right now with stable coins, you
Speaker 2: and I both know that it's not for it's not
Speaker 2: to save the merchant. It's not to save the retailer
Speaker 2: or the operator fees or anything like that. It's another
Speaker 2: transfer of well.
Speaker 3: Oh yeah yeah.
Speaker 1: But I imagine people with a lot of retailers would
Speaker 1: give it a chance because it is a really expensive
Speaker 1: thing to take credit cards. I remember when we had
Speaker 1: our retail stores video stores. It was such a big
Speaker 1: bite that I said, well, we have the ability to
Speaker 1: you know, with the system that I had written, we
Speaker 1: had the ability if somebody had late fees that they'd
Speaker 1: accrued because they turned something in late. You know, we
Speaker 1: could have balances on a customer's account so they could
Speaker 1: pay it off later. So we tried it as an experiment.
Speaker 1: It was a very short experiment because what happened was
Speaker 1: we said, well, if you're going to use a credit
Speaker 1: card for the small amount, let's just defer it. Next
Speaker 1: time you come in, you can pay it, you know,
Speaker 1: with a check or cash or something like that. And
Speaker 1: that did not work because people wanted to use credit
Speaker 1: cards and we as a store didn't have any club
Speaker 1: over them in terms of if they don't pay the bill,
Speaker 1: they're not going to get a hit on their credit
Speaker 1: rating and that type of thing. So we had to
Speaker 1: stop that pretty quickly. But it is really a high fee.
Speaker 1: And as we look at the banks you're talking about
Speaker 1: how stable coin is set up centrally controlled, just like
Speaker 1: a central bank, except that it's a crony system. They
Speaker 1: have a way that they are going to know their
Speaker 1: customer and all the rest of these so called anti
Speaker 1: money laundering laws that are out there. Vietnam showing the
Speaker 1: pattern talked about this last week, I think they just
Speaker 1: immediately closed eighty six million bank accounts because people did
Speaker 1: not sign in and give them biometric data. It's like, okay,
Speaker 1: well if we don't have your biometric data. We're closing
Speaker 1: your account right now. I think we could see that
Speaker 1: type of thing happening in the West. That's the way
Speaker 1: that they're going to roll this thing out, do we Lujah?
Speaker 3: Yeah?
Speaker 2: I think unfortunately that's okay, that's our future, especially is
Speaker 2: everything it continues to get more and more digitized.
Speaker 1: Yeah, that's right. They're going to force our hands coming through.
Speaker 1: Ok Yeah, you're coming through now.
Speaker 3: Yes.
Speaker 1: So I think that's the direction that they're going to
Speaker 1: go without a doubt, And I think that's why there's
Speaker 1: as an individual, we're looking not only at the general
Speaker 1: economy and at the price of gold, but we're also looking
Speaker 1: at the control that's coming through with all this. The
Speaker 1: World Economic Forum has got a plan to overhaul the
Speaker 1: global financial system by monetizing nature. This is an article
Speaker 1: from Life site, and we've talked about this before. How
Speaker 1: Bessant as well as Lutnik, as well as Bergham, who
Speaker 1: Trump put ahead as head of the Interior Department, has
Speaker 1: all the different parks and public lands in it. They've
Speaker 1: talked about how, yeah, we need to monetize and put
Speaker 1: to work our natural resources. And so I think that
Speaker 1: they will monetize nature. They'll come up with some kind
Speaker 1: of derivative system to do that, and that's one of
Speaker 1: the ways that we will wind up owning nothing and
Speaker 1: they will have everything, people like Larry Fincott, Blackrock and
Speaker 1: Hoffman and others. That's exactly what the world economic form wants,
Speaker 1: isn't it.
Speaker 2: Well, unfortunately, I think this is a natural outcropping of
Speaker 2: what happens when you have currency. When you demonetize your currency,
Speaker 2: you monetize everything else, and they're looking for value and everything.
Speaker 2: That's the reason civilization is built on sound money, when
Speaker 2: that's the whole point of having a medium of exchange.
Speaker 2: And if you lose that, then there's chaos and then
Speaker 2: you go back to I mean, you're in a sense
Speaker 2: of bartering economy, but there's you find value and everything else.
Speaker 2: That's the reason why we have such a massive housing bubble.
Speaker 2: It's why we have a debt crisis, a debt a
Speaker 2: debt time bomb around the world. It's having to borrow
Speaker 2: against assets and everything to outpace the loss of purchasing
Speaker 2: power in the currencies. And that's a good point of
Speaker 2: the reason why you're seeing.
Speaker 1: Yeah, that's a good point as you're saying that you've
Speaker 1: got to have some pretense that your fiat currency is
Speaker 1: linked to something that's real. I mean, first with first
Speaker 1: Breton Woods, it was gold, and then the second one
Speaker 1: they made it with oil or with energy, right, and
Speaker 1: so now what's left. You know, they're going to monetize
Speaker 1: it with the real estate that's here in the United States,
Speaker 1: and that may very well be what they're going to do.
Speaker 2: To monetize everything, and yeah, it will be. It's still
Speaker 2: a FIA currency. Then, even if we move to a
Speaker 2: digitized system like a stable coin back system, it's still
Speaker 2: going to be based off of the old blue sky.
Speaker 2: It's going to be based off of nothing. It's going
Speaker 2: to be based off of GDP and economic growth and
Speaker 2: all the rest of that that. Unfortunately, we're seeing the
Speaker 2: end game here where you can't inflate your way out,
Speaker 2: you can't print your way out of economic downturns, and
Speaker 2: a lot of the things the metrics are going backwards.
Speaker 2: Used to when you lower interest rates and there would
Speaker 2: be selloffs and precious metals because people would be taking
Speaker 2: getting liquid in positions to buy into the market. Now
Speaker 2: you're just seeing gold just continue to go up every
Speaker 2: time I come on the show, it's breaking. It's another
Speaker 2: all time high. I think silver is about to do
Speaker 2: the same thing, and I don't want to give investment advice,
Speaker 2: but I'm looking at silver having a big breakout here,
Speaker 2: probably this year, going into the final quarter of twenty
Speaker 2: twenty five. And as of right now, I'm stockpiling if
Speaker 2: I can get silver and keep it. I'm holding it
Speaker 2: if I can financially afford to keep it on the
Speaker 2: books doing that because I think there's going to be
Speaker 2: a squeeze even with the amount that's being sold right now.
Speaker 2: It's really interesting. Buyers aren't necessarily there, but the price
Speaker 2: keeps going up, so you have to take it to
Speaker 2: the wholesalers. And I just don't like that game. I
Speaker 2: think there's something inherently wrong with the price rising and
Speaker 2: retail has slowed down, and we still have, you know,
Speaker 2: the smaller buyers are there, but not like they used
Speaker 2: to be, where the people are buying big chunks at
Speaker 2: a time on the retail level. I'm watching that very
Speaker 2: closely because those two things don't go together, the retail
Speaker 2: slowing down and the price going up. That means institutions
Speaker 2: and governments are buying, and they're signaling something I think
Speaker 2: that we need to pay attention to.
Speaker 1: Yeah, they've been heavily manipulating silver, as we've said before.
Speaker 1: You know, it was just a few months ago. I
Speaker 1: remember seeing a YouTube video. Somebody sent it to me
Speaker 1: as a listener and said, look at this and it
Speaker 1: was a small show of precious metals, and the guys
Speaker 1: that were there that were dealers, you know, the guy
Speaker 1: went around talking to him. He said, Yeah, everybody wants
Speaker 1: to sell silver, but they're not buying. He said, and
Speaker 1: look at the ratio here, how low silver is. It's
Speaker 1: a great deal. And so we're buying all that we can.
Speaker 1: But the retail people are not. For whatever reason, they're
Speaker 1: selling their silver instead of buying it. So there's a
Speaker 1: lot of manipulations in going on for that for quite
Speaker 1: some time.
Speaker 2: We got the shop and Dennison Against in Texas, my
Speaker 2: old new bank, the branch bank that I took over.
Speaker 2: I'll just send you some pictures of the signage. It's
Speaker 2: a little bit of an experiment where wise Wolf Gold Silver,
Speaker 2: Bitcoin and I rebranded it. They even have the I'll
Speaker 2: have the drive through operational probably sometime by the end
Speaker 2: of the year. But I was there just working the
Speaker 2: counter for my son and from a from eleven am
Speaker 2: to one pm, and I did six transactions buying silver
Speaker 2: bullion and that was all I bought. It was a
Speaker 2: silver boy. There wasn't any goal. There's six transactions of
Speaker 2: different silver billion buys and probably about five thousand dollars
Speaker 2: worth or more. But that's just kind of indicative the
Speaker 2: steady pace.
Speaker 1: The retail trade is still the retail trade is still
Speaker 1: selling it. When they're buying it, then.
Speaker 2: Yeah, well the public is selling to me. And then
Speaker 2: I'm having to figure out how am I gonna either,
Speaker 2: you know, get it to the trading house and make
Speaker 2: a small margin and liquid ate it off my books,
Speaker 2: find a way to keep it on inventory and sell
Speaker 2: it out slowly. It's it's a very strange position to
Speaker 2: be in because I love silver and I think it's
Speaker 2: I think it's a bargain right now. It's hard to
Speaker 2: always keep it on your books with cash flows, you
Speaker 2: know from small business day, but you can't just continue
Speaker 2: to to accumulate inventory and survive. So I have to
Speaker 2: make that decision. But I think I'm buying I still
Speaker 2: think I'm buying it cheap and the reason is is
Speaker 2: what you mentioned, you know, with the repricing of everything,
Speaker 2: I don't think that we've factored in the true destructure
Speaker 2: of the dollar. The dollars lost forty percent of its
Speaker 2: purchasing price compared to gold in the last year alone.
Speaker 3: Yeah, that's right.
Speaker 2: It's amazing, just in the last twelve months. Yeah, and
Speaker 2: silver went from what was the last year, David, about
Speaker 2: twenty nine dollars an ounce at this time somewhere in there,
Speaker 2: and now we're at forty four dollars an ounce in climbing.
Speaker 2: I think that's in direct correlation to the loss of
Speaker 2: purchasing power and the dollar and where we're headed with
Speaker 2: the repricing of commodities. So yeah, it's eventually. And I
Speaker 2: think there was an article up on zero Hedge about
Speaker 2: the phonebo. I mean, I think a lot of people
Speaker 2: are going to look back and think this was, this
Speaker 2: was the time, and they ended up not being able
Speaker 2: to buy unfortunately. I think silver is going to surprise
Speaker 2: everyone because it's been lying in wait for forty five years,
Speaker 2: and it's everybody's been waiting for silver to do its
Speaker 2: thing since nineteen eighty And you mentioned earlier, adjusted for inflation.
Speaker 2: You're absolutely right. So in nineteen seventy nine gold or
Speaker 2: the end of seventy nine into eighty, gold went to
Speaker 2: over eight hundred dollars an ounce, So it went from
Speaker 2: thirty five dollars an ounce in nineteen seventy one to
Speaker 2: over eight hundred dollars an ounce in the end of
Speaker 2: nineteen seventy nine, And that was based off of it looked.
Speaker 2: It seemed to be that the Fed and the Treasury's
Speaker 2: goal of you know, whip inflation now and all the
Speaker 2: rest of that didn't happen, and people were just in it.
Speaker 2: Gold doubled by the from first quarter of seventy nine
Speaker 2: all the way down to the end, and then there
Speaker 2: was some easing. You know, Paul Volker raised interest rates
Speaker 2: to the teens and we've discussed this many times. So
Speaker 2: there was a contraction in the money supply, and eventually
Speaker 2: there was a you know, an easing of perceived inflation.
Speaker 2: So silver took you know, went down from fifty two
Speaker 2: dollars an ounce down to gosh, you know, almost nothing,
Speaker 2: and then gold went from eight hundred dollars an ounce
Speaker 2: down to about three hundred. So you're right, pricing for
Speaker 2: inflation if you looked at eight hundred dollars an ounce
Speaker 2: gold and seventy nine, we just crossed that line. So
Speaker 2: that priced into inflation thirty five I think thirty six
Speaker 2: hundred dollars an ounce was something like that is about
Speaker 2: the adjusted for inflation mark of where we were in
Speaker 2: seventy nine with eight hundred dollars ounce gold. But we've
Speaker 2: not even gotten close with silver. If I said many times,
Speaker 2: you know, fifty two dollars an ounce in eighty was
Speaker 2: like three hundred dollars today in purchasing power. Yeah, that's
Speaker 2: that's an estimation. So I think we've got a lot
Speaker 2: of room to run. And all commodities. I mean, look
Speaker 2: at what's happening with platinum, palladium. Palladium is up I
Speaker 2: think five hundred percent over the past many, like five years.
Speaker 2: I think it's what's.
Speaker 1: Anything that's real? Actually I get mister yeah, mister prom
Speaker 1: ten eleven says sober is up five dollars per ounce
Speaker 1: just in September, and he says, thank you, miss thank you, Tony.
Speaker 3: So I appreciate that.
Speaker 1: And again, you know, we go back and we look
Speaker 1: at the inflation that was happening in the seventies. You
Speaker 1: mentioned it, you know, the WEP inflation now, the little
Speaker 1: wind buttons that Jeryll Ford want people to put on
Speaker 1: their p What are we supposed to do to stop inflation?
Speaker 3: Right? They didn't know what to do to stop inflation.
Speaker 1: Yeah, that's right. I mean they would really just talk
Speaker 1: to us as if we were children. It's the same
Speaker 1: administration came out with the this is your brain on
Speaker 1: drugs thing, you know, the egg in a frying pan.
Speaker 1: It's like they really do think that we're children. And
Speaker 1: maybe they're right.
Speaker 3: I don't know, but.
Speaker 2: I never know. You.
Speaker 3: Yeah, that's right. So when you go in, it's like, no,
Speaker 3: I can't afford that none for me. Thanks. Yeah.
Speaker 1: Yeah, I never figured out what my responsibility and inflation was.
Speaker 3: I knew it is wise, but I didn't know what
Speaker 3: mine was. Yeah, it's pretty.
Speaker 2: Crazy's that really is? The crux of the matter is
Speaker 2: the fiat currency. Once you've untethered from value, and you
Speaker 2: mentioned earlier. You know, we've talked about the petro dollar.
Speaker 2: We had seemingly gold backed dollar until nineteen seventy one.
Speaker 2: He wasn't legal for you to own gold. Jerald Ford
Speaker 2: made that legal. I think in December nineteen seventy four,
Speaker 2: you could finally own gold again legally in this country.
Speaker 2: So we really didn't have the dollar had the perceived
Speaker 2: backing of something. And we went off the petro dollar
Speaker 2: pretty much officially last year, and you've seen the world
Speaker 2: start moving away from using that by seeing it into energy.
Speaker 2: So what's left, I think is the stable coin models
Speaker 2: that we've discussed. And I don't know how that's going
Speaker 2: to work out for the dollar or what's going to
Speaker 2: go on, but in the meantime, everything's getting repriced.
Speaker 3: Yeah, that's right, that's right.
Speaker 1: Speaking of that, we got a couple of comments here,
Speaker 1: three little birds says, ask you, Tony, who will buy
Speaker 1: gold or silver when it becomes so highly valued? I
Speaker 1: think you're buying things with gold and silver, I think
Speaker 1: is what you'll be doing.
Speaker 2: Right.
Speaker 1: Well, look at it, I'm sorry, go back and look
Speaker 1: at the stories about the waymar Republic. You know, when
Speaker 1: the paper money became worthless and people using wheelbearers full
Speaker 1: of bit One guy became incredibly wealthy because early on
Speaker 1: he got out of the currency and got into gold
Speaker 1: and then he could basically buy whatever he wanted to
Speaker 1: on the cheap.
Speaker 2: Right, Well, the hardest money wins and those stories about
Speaker 2: the Wymar Republic to the meltdown where somebody bought a
Speaker 2: hotel for a twenty dollars gold piece, you know, because
Speaker 2: the current priced in the currency, and that's the this
Speaker 2: gets complicated if you've priced in your models based off
Speaker 2: of currency. So you have a you know, have a
Speaker 2: promisory note, you have a mortgage that's priced into the
Speaker 2: currency at the time. It's one of the reasons why
Speaker 2: you know, you had William Jennings Bryan at the end
Speaker 2: of the nineteenth century with the Cross of Gold speech.
Speaker 2: The currency had become so hard like the United States
Speaker 2: was deflationary. It was harder and harder for the farmers
Speaker 2: to you know, get liquid and pay off that their
Speaker 2: their notes, and so that's why they call for free silver.
Speaker 2: It's really the whole allegory of the Wizard of Oz
Speaker 2: is all about that, with the yellow brick road and yeah,
Speaker 2: you know Dorothy's slippers were originally silver. You know, she's
Speaker 2: she tapped him to go back home. All the rest
Speaker 2: of that. There's a there's an allegory there, but that
Speaker 2: was the that was the the inverse, that was the
Speaker 2: opposite problem. We had a currency that was so rigid
Speaker 2: and harder and like it was deflationary, that it was
Speaker 2: harder to get out of debt. Now, if you you know,
Speaker 2: if you free up capital for a while, it looks
Speaker 2: pretty good, like, oh, you can pay off dead a
Speaker 2: lot easier. But then you start everything gets repriced and
Speaker 2: so you know, an ounce of gold will go a
Speaker 2: lot further. And you talk about that in relation to
Speaker 2: what's known as Gresham's law, and I don't want to
Speaker 2: get too technical. I don't think I'm the guy to
Speaker 2: explain it, but it's Gresham's law is simply states that
Speaker 2: when bad money enters a system, then good money goes
Speaker 2: into the hiding. And so I always, you know, I
Speaker 2: try to figure out what's the what's the end game
Speaker 2: of Gresham's law? Well, how do you how does it
Speaker 2: end up? Good money comes back? And that's the you know,
Speaker 2: the proper money always reasserts itself. Gold always wins. If
Speaker 2: you look at history, gold always comes back, Silver comes back,
Speaker 2: and it can be pushed out for a while. And
Speaker 2: I think that period between when they put down the
Speaker 2: gold and silver rebellion, because I really think that's what
Speaker 2: it was in nineteen eighty. As I look back and
Speaker 2: you realize what happened with the Hunt family, you know,
Speaker 2: they were deep stated. You know, I think they were
Speaker 2: punished for exposing something that was wrong with the dollar
Speaker 2: and making silver go up to fifty two dollars an ounce,
Speaker 2: and and you know the rest is history with that,
Speaker 2: because silver was nothing throughout the eighties. In the nineteen nineties,
Speaker 2: Warren Buffett for a while seemingly cornered the silver market,
Speaker 2: but nothing really happened. That's why you called it a
Speaker 2: pet rock. You know, it said gold was like a
Speaker 2: pet rock, or it didn't do anything and it just
Speaker 2: sits there. Well, that's the whole point. It's it's not
Speaker 2: supposed to it's supposed to sit there. It's supposed to
Speaker 2: house value. It's supposed to be a monetary thing. Whereas
Speaker 2: the dollar, you know, again the dollars with fiance currency
Speaker 2: loses purchasing power. So we had that interim period between
Speaker 2: the eighties and nineties and early two thousands where it
Speaker 2: looked like fiat currency kind of at least stabilized enough.
Speaker 2: But that's all. You know, three hundred dollars an ounce
Speaker 2: gold David in two thousand and three and I remember
Speaker 2: that because I was going into a rack, I bought
Speaker 2: my first gold coins, and I remember, you know, the
Speaker 2: dealer that I called put me in some I didn't
Speaker 2: know what I was doing, so he put me in
Speaker 2: numismatic collectibles that I never could get any value out of.
Speaker 2: But if I just bought gold bullion, I'd have been
Speaker 2: way way up wid wish I had that I invested
Speaker 2: three thousand dollars in two thousand and three, I could
Speaker 2: have got ten ounces of gold. I'd be looking a
Speaker 2: lot better right now.
Speaker 1: Well, you know, when we talk about these different scenarios,
Speaker 1: you know, one of the scenarios is like the bayer
Speaker 1: maor republic where the entire financial system collapses and the
Speaker 1: currency collapses, and that type of thing, and that's where
Speaker 1: you pay where you buy the hotel for a twenty
Speaker 1: dollars gold piece type of thing. But then you also
Speaker 1: have what happened in the seventies and eighties were because
Speaker 1: of bad government policy, an number of different ways inflation
Speaker 1: got out of hand, and eventually when they got that
Speaker 1: under control, then gold came back down for a while.
Speaker 1: But I think we're looking at something that is more
Speaker 1: like the Ymar scenario and this fourth turning these institutions.
Speaker 1: Everything is being changed, The international financial system is being
Speaker 1: re engineered. All of these different things are happening. So
Speaker 1: I think when you look at exploding debt in the
Speaker 1: West and you look, you know, that's looking ymar like,
Speaker 1: you've got the desire by the Russians and the Chinese
Speaker 1: to completely change the financial system. This is something unlike
Speaker 1: what we have seen before, and we could very well
Speaker 1: be pushed into a worldwide depression, especially with Trump's capricious
Speaker 1: and arbitrary tariffs that are happening out there. So you know,
Speaker 1: that's that's really I think more of the scenario that
Speaker 1: we're looking at. And as you point out, Tony, when
Speaker 1: you have a collapse of that order, people are looking
Speaker 1: for real money, for hard money for real assets. Falls
Speaker 1: back to that and the FII currency becomes like Confederate dollars.
Speaker 1: So I think maybe that's the answer. That's exactly right.
Speaker 1: That's the one that I would give.
Speaker 2: History shows us, you know, it's that old maximum of
Speaker 2: the golden rule. He who has the gold max the rules,
Speaker 2: And I mentioned earlier about where we were in nineteen
Speaker 2: forty five, especially you know, post World War two, how
Speaker 2: much wealth that the United States held and the rules
Speaker 2: that it was able to make because of that, and
Speaker 2: that's dissipated. It flowed out and because of our monetary policy.
Speaker 2: You look at places, I mean Canada again, that's another
Speaker 2: they fall into that fiat trap. Well we've got all
Speaker 2: this currency and we've got a central bank. Well, so
Speaker 2: what you know, do you have assets to back it up?
Speaker 2: And that's the rest of the world is moving away
Speaker 2: and has been moving away rapidly. And I think when
Speaker 2: I was on last week and I was pointing out
Speaker 2: that the Hong Kong gold depots the Toria, I thought
Speaker 2: that was big news. It didn't get a lot of play,
Speaker 2: but you know, the next week, Bloomberg's running a story
Speaker 2: on China leveraging the Shanghai Gold Exchange in Hong Kong
Speaker 2: to husher in a new you know, commodity pricing system.
Speaker 2: And I think that's really important to watch as the
Speaker 2: outflows continue to happen, and these especially the bricks nations
Speaker 2: accumulate more and more monetary metal.
Speaker 1: And they're doing that again. You know, the centers have
Speaker 1: been London in New York, but there's been some scandals
Speaker 1: involved in that. A lot of people wanted to get
Speaker 1: their money out of New York as well as out
Speaker 1: of London, and some difficulty in getting that. So I
Speaker 1: think China sees an opportunity there.
Speaker 2: Well, they're right, yeah, And the backbone of all of
Speaker 2: this is trust, and I believe the West has eroded
Speaker 2: its trust, and especially the dollar system and the weaponization
Speaker 2: of the dollar. It was very mismanaged on purpose. I
Speaker 2: was reading an old book by Jim Mars on the
Speaker 2: plane yesterday was coming out here to to La and
Speaker 2: it's ruled by secrecy, and it talks about James forrestall
Speaker 2: that famous quote from James Forstall. You know who was
Speaker 2: I think murdered, you know, I pushed out of a window,
Speaker 2: but as enable hospital for his views as he was
Speaker 2: the first Secretary of Defense and under Truman. But he
Speaker 2: had that famous quote he said, you know, if they
Speaker 2: were just stupid, then every once in a while, the
Speaker 2: air in our favorite talking about the ruling elite, he said,
Speaker 2: they never do. You know. That's how you know that
Speaker 2: it's it's pretty brilliant and it's a plan except for,
Speaker 2: you know, the controlled demolition of the dollar. We have
Speaker 2: to really ask the question, and the control demolition of
Speaker 2: this current monetary system, Shu bono, Who benefits? Really, who benefits?
Speaker 2: Because we're watching the destruction of our montum in real
Speaker 2: time and the vacuum that's.
Speaker 3: Going to leave.
Speaker 2: You just look at places like China, which I don't
Speaker 2: think is a good thing.
Speaker 1: That's right, absolutely. Well, you know, we've talked, always talked
Speaker 1: about the economic system or anything. Let me get your
Speaker 1: take on war, because we had quickly before we leave
Speaker 1: the economic system. We've had a comment from three little
Speaker 1: birds wants to know, Tony, do you think the future
Speaker 1: could hold two separate economies?
Speaker 2: Do I Do I think the future have two separate economies?
Speaker 3: Yes, that is a question. May medancial systems.
Speaker 2: Their example is a metals based one and an energy
Speaker 2: based one.
Speaker 3: But you know, will there'd be two separate ways of
Speaker 3: doing business?
Speaker 2: You're like the established method and then something other than that, say,
Speaker 2: you know, gold silver. I think that's entirely possible. It's
Speaker 2: going to take a while. Nothing like this happens rapidly.
Speaker 2: Well maybe it's more gradually then suddenly probably, But I
Speaker 2: don't think people are exactly ready for that yet. But
Speaker 2: I think there will be, you know, different ways to
Speaker 2: conduct business in parallel economies that we discussed for many years,
Speaker 2: especially with decentralized tokens through crypto and then things like
Speaker 2: gold and silver that are physical in the real world
Speaker 2: that you can actually trade and hold in your hand.
Speaker 2: I think that will make a that will make parallel economies.
Speaker 2: I think naturally people want to have the best money.
Speaker 2: And if the if the the money and from the
Speaker 2: established order is constantly in flux or in danger, or
Speaker 2: you've got to deal with social credit scores or anything
Speaker 2: like that, you're going to naturally gravitate towards something that's
Speaker 2: outside of that. It may not happen in a day,
Speaker 2: but it will happen. That's I think that's a natural
Speaker 2: human condition. History shows us that you can't you can't
Speaker 2: debase your way out of economic downturns. The Romans learn
Speaker 2: that many times by the way they did more than one.
Speaker 2: You know, we've had the coin clipping and other things
Speaker 2: when debasing the currency and then bringing it back. We
Speaker 2: always see that nations rise on on sound money, you know,
Speaker 2: empire has rise on sound money and economic nationalism, and
Speaker 2: they decline on fiat currency and free trade.
Speaker 1: Yes, And I think you know, once you get this
Speaker 1: dominant Viat currency out of the way. You're going to
Speaker 1: have the market trying a lot of different things, many
Speaker 1: of them probably simultaneously, until they settle on maybe something
Speaker 1: or one system. But I wanted to ask you about
Speaker 1: war because you know, war is always a part of
Speaker 1: these fourth turnings. You know, it begins with financial issues,
Speaker 1: then they take us to war, as Gerald Slunty said,
Speaker 1: and we've had Trump do a complete one eighty at
Speaker 1: the UN. Now he's all in for Ukraine. They're going
Speaker 1: to take back all their land and maybe even some
Speaker 1: of Russia. He says, what do you what do you
Speaker 1: think is happening with us? And it wasn't even I
Speaker 1: think a full twenty four hours before we have Denmark
Speaker 1: saying well, we've got drones in our airports. Again, this
Speaker 1: has got to be the Russians, Let's go to war.
Speaker 1: What do you think You're gonna take us to war
Speaker 1: pretty quickly.
Speaker 2: I think this is the most volatile situation that the
Speaker 2: world has been in since nineteen sixty two, since the
Speaker 2: Cuban missile crisis, honestly, and it's a sad thing to watch.
Speaker 2: If you followed history or geopolitics, like I have an
Speaker 2: interest in it and been part of the instrument of
Speaker 2: failed foreign policy. I was a tiny cog in that
Speaker 2: machine as a young man, watching some disastrous decisions unfold.
Speaker 2: This is really unnerving, and I've warned against it for
Speaker 2: a long time, and it seems to kind of go
Speaker 2: away and then it'll come back. You know, the dressing
Speaker 2: down of Zelensky at the White House. I wondered how
Speaker 2: much of that was theater, because it seemed like, Oh,
Speaker 2: we're making a move here, We're gonna finally put this
Speaker 2: thing to bed, which was, you know, the established order
Speaker 2: wants that war. They want NATO and Russia locked in
Speaker 2: some sort of kinetic conflict. It's ideological reasons, it's territorial reasons,
Speaker 2: it's financial reasons. That all of that's baked into that,
Speaker 2: and that's something that I thought was so myopic. It's
Speaker 2: so I think it's psychotic at the same time, and
Speaker 2: they're focusing on one or two things, but the wider
Speaker 2: picture is that the West is sleepwalking into a cataclysm.
Speaker 2: You look at somebody like Zelenski. He said earlier, I
Speaker 2: think in the last couple of days, he said that
Speaker 2: that Russia either makes peace or they make bomb shelters. Wow,
Speaker 2: that's the kind of rhetoric for a madman.
Speaker 3: Yeah, it is.
Speaker 1: And yet we're seeing that from European countries now. We've
Speaker 1: seeing it from Poland, you're seeing it now from Denmark,
Speaker 1: that they're all jumping into this. And you got the
Speaker 1: Germans just calmly saying, well, we're going to have to
Speaker 1: be able to take care of a couple of thousand
Speaker 1: casualties a day here in our hospitals. That's what's coming in.
Speaker 1: And they're setting up their military, they're looking how they're
Speaker 1: going to get a larger army, all these different things.
Speaker 1: They're just doing it. It's kind of a matter of
Speaker 1: fact that it'sn't like there's not any panic about it.
Speaker 1: It's just like, well, this is what we're going to
Speaker 1: do now. And they're kind of telling everybody what they're
Speaker 1: going to do.
Speaker 2: And for what. Yeah, what is the point here? What
Speaker 2: it would be the point of the sacrifice other than
Speaker 2: some sort of ritualistic Lucidfarian agenda. I mean, I don't
Speaker 2: see the point here. What is the point that they're
Speaker 2: trying to make? What is the security threat to Europe
Speaker 2: by Russia? If you leave it alone, I mean I
Speaker 2: don't really understand it since for all the Soviet Union,
Speaker 2: we've done everything to expand NATO, to interfere with even
Speaker 2: like you look at the was it twenty fourteen, we
Speaker 2: had the CIA back who in Ukraine the democratically elected
Speaker 2: the leader from the fled to Russia the Orange Revolution
Speaker 2: in two thousand and seven. We've done everything to get
Speaker 2: us to this point. Is really on the West Russia.
Speaker 2: I'm not a Rusiphile, and I don't I don't pretend
Speaker 2: to think that Vladimir Putin is a great guy or
Speaker 2: that you know, he's a sane actor. But at the
Speaker 2: same time, we just look psychotic and schizophrenic.
Speaker 1: I mean, well, it's NATO and we've broken our promise.
Speaker 1: NATO was set up to fight Russia. When Soviet Union collapses,
Speaker 1: it's like, oh, now what do we do? Right, And
Speaker 1: we've had in the the Warsaw Pact. Yeah, yeah, exactly.
Speaker 1: In the past, we've had NATO do Operation Gladio where
Speaker 1: they staged terrorist attacks, kidnapped prime minister, killed him, all
Speaker 1: that type of thing.
Speaker 3: Uh.
Speaker 1: These are people who are satanic and insane. They have
Speaker 1: operated literally as terrorists in Italy and in Germany for
Speaker 1: their political agenda. And these are the people who are
Speaker 1: looking to do anything that they can in order to
Speaker 1: preserve this institution. Mark Ruda, who tried to destroy all
Speaker 1: farming in the Netherlands, gets mooted out. And where do
Speaker 1: they put him as head of NATO because he's.
Speaker 3: That kind of guy.
Speaker 1: I mean, it's almost funny, except that it's so serious
Speaker 1: because they're trying to drag us. They're determined to drag
Speaker 1: us into World War three, no matter how flimsy the excuse.
Speaker 1: I mean, we'll be drug into World War three over
Speaker 1: some drones harassing an airport. I mean that sounds like
Speaker 1: getting drug into a world war because some archduke was
Speaker 1: assassinated somewhere and a place that we've never heard of before.
Speaker 2: It's claz you've never heard of. That makes no sense.
Speaker 2: And yeah, you run into people. I remember I was
Speaker 2: at in Washington, d VC in twenty fourteen, and I
Speaker 2: went up there to speak at an event for Congressman
Speaker 2: around fall at the Capitol Grill. And before that they
Speaker 2: had a little luncheon and somebody, some kid from the
Speaker 2: Heritage Foundation was This was again right on the heels
Speaker 2: of the Ron Paul Revolution, and there was a lot
Speaker 2: of libertarian thought that was entering into conservatism, which I
Speaker 2: thought was a great thing. And I was one of
Speaker 2: those people, and they said, we've got to instruct people,
Speaker 2: you know about even things like World War One. You know,
Speaker 2: World War One was worth fighting and it was the
Speaker 2: reason why we fought it. And I remember looking at
Speaker 2: this luncheon and I'm like, am on a different planet,
Speaker 2: Like what can you explain to me what that was?
Speaker 2: I mean, modern historians really can't say why we fought this,
Speaker 2: you know, have you cannon call it the Great Civil
Speaker 2: War of the West, which was World War one and two?
Speaker 2: Just this blood letting other than some ritualistic bankers. War
Speaker 2: was what was the security measure? What was what was
Speaker 2: it threat here? Other than the wealth and control of
Speaker 2: the very few?
Speaker 3: Yeah, I agree. Yeah.
Speaker 1: One of my favorite movies, the first half of it
Speaker 1: is Sergeant York. They gaslight him and give him to
Speaker 1: go full you know, and this war it's like, no,
Speaker 1: you're right the first time.
Speaker 3: Don't let them trick you.
Speaker 1: You know, wars when they tell us who to fight
Speaker 1: revolutions when we figured out for ourselves. So you've got
Speaker 1: a program that's coming up after this show don't you
Speaker 1: are you doing that?
Speaker 3: You're in California. You're still going to do today's show.
Speaker 2: I'm still going to do today's show live from the
Speaker 2: from the green room here in Thousand Oaks. I'm going
Speaker 2: to do the arder burn radio transmission. So yeah, we'll
Speaker 2: be live on Rumble in the America Plug channel and
Speaker 2: live on my ex at Tony Arterburn. And I can't
Speaker 2: believe I still do YouTube. Me and Jimmy Kimmel, We've
Speaker 2: got YouTube. Now. I'll be over at Tony arderburn how
Speaker 2: about you too?
Speaker 1: So did they never take you off? They just they
Speaker 1: just missed it or something. The sensors are well a long.
Speaker 2: I've had other channels gone, but I just this time,
Speaker 2: I just used my name. I just said I'm Tony
Speaker 2: Ardburner at Tony Arderburner. We'll see how long they take
Speaker 2: to figure out that's me over there.
Speaker 1: And maybe, well maybe you got on there after Linda left.
Speaker 1: She was so the Yacharina or whatever or.
Speaker 2: She got about me.
Speaker 3: Was that Susan LOGIKEI.
Speaker 1: Yeah, that's right. Yeah, one of the Yacarina shoe is
Speaker 1: that X. But well that's great. So you're gonna be
Speaker 1: on x and YouTube right after this program, right during
Speaker 1: the live broadcast.
Speaker 2: Here right at twelve twelve eastern eleven am Central time,
Speaker 2: will be will be live, So come join us over there.
Speaker 2: And I still want to reiterate too on Davidknight dot
Speaker 2: Gold if you, if anybody's in your listeners, there's a
Speaker 2: there's a special tum running. It's just for David Night
Speaker 2: listeners and my listeners. We've got some in house silver
Speaker 2: silver deals and it's a hodgepodge of stuff. Like I
Speaker 2: said yesterday, we were buying a lot of silver. So
Speaker 2: to take advantage of that. If there's in house pricing,
Speaker 2: we can beat a lot of the major retailers right
Speaker 2: now and give you a pass on a great deal.
Speaker 2: Can't promise exactly melt on everything, but we can get
Speaker 2: really close to spot wow on some items. And it
Speaker 2: could be you know, ten ounce coins, five ounces of
Speaker 2: far and pre nineteen sixty five US silver. But I'd
Speaker 2: even hate to sell it, honestly. I love I love,
Speaker 2: I love selling it. I make a little bit, but
Speaker 2: I'm trying to stockpile right now because I think that
Speaker 2: price is going to keep moving because the dollar, you know,
Speaker 2: the saying goes gold and silver and you know have
Speaker 2: no no top because Fiat has no bottom.
Speaker 1: That's a good thing and very true. Thank you so
Speaker 1: much for joining us, Tony really do appreciate it. And again,
Speaker 1: folks go to David Knight I Goldb'll take you Tony's
Speaker 1: wise wolf Gold. Let him know that she came through us.
Speaker 3: Thank you.
Speaker 1: So the common man they created common Core dumbed down
Speaker 1: our children. They created common Past to track and control us,
Speaker 1: their Commons project to make sure the commoners own nothing
Speaker 1: and the communist future. They see the common man as simple,
Speaker 1: unsophisticated ordinary. But each of us has worth and dignity
Speaker 1: created in the image of God. That is what we
Speaker 1: have in common. That is what they want to take away.
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