WEBVTT 1 00:00:05.040 --> 00:00:06.559 Well, welcome back, and how are we going to keep 2 00:00:06.559 --> 00:00:08.880 the American dream alive? How are you going to defend 3 00:00:09.359 --> 00:00:10.839 what you own? Well, I think one of the best 4 00:00:10.839 --> 00:00:13.320 ways to do that is with gold and silver, to 5 00:00:13.359 --> 00:00:16.039 get out of the fiat currency, to get out of 6 00:00:16.079 --> 00:00:19.879 the way of the hyperinflation bus and the debt busts 7 00:00:20.039 --> 00:00:22.679 that are edited towards us. Our guest now is Tony 8 00:00:22.800 --> 00:00:26.440 Ardeman of Wisewolf Gold. Tony has set up David Night Gold. 9 00:00:26.480 --> 00:00:29.399 It'll take you to his website. You can buy gold 10 00:00:29.480 --> 00:00:33.200 or silver large or small amounts. You can also start 11 00:00:33.240 --> 00:00:36.920 to accumulate gold on a steady basis. Each month you 12 00:00:36.960 --> 00:00:39.159 decide how much you want to save and set aside, 13 00:00:39.560 --> 00:00:42.799 and you can have the advantage of being part of 14 00:00:42.840 --> 00:00:44.880 a buying group that gets you a better price on that. 15 00:00:45.039 --> 00:00:46.520 Thanks for joining us, Tony. 16 00:00:46.840 --> 00:00:49.320 That's great to be here, David. Yeah, don't let fiat 17 00:00:49.320 --> 00:00:51.560 currency throw you under the debt bus. You're gonna get 18 00:00:51.640 --> 00:00:53.560 run over by the debt bus. We were talking about 19 00:00:53.560 --> 00:00:56.039 that off air. Yeah. And of course gold hit it's 20 00:00:56.079 --> 00:00:57.240 all time high again. 21 00:00:58.000 --> 00:00:59.759 That's a sounding very repetitive, isn't it. 22 00:01:00.000 --> 00:01:04.519 I feel like Bill Murray on Groundhog Day. It's hit 23 00:01:04.599 --> 00:01:05.640 us all time high. 24 00:01:05.439 --> 00:01:08.319 Again, say gold hog Day, Yeah, we got. 25 00:01:10.799 --> 00:01:14.040 It's funny because I was telling a customer a couple 26 00:01:14.120 --> 00:01:17.040 of days ago, I said, well, the time between all 27 00:01:17.079 --> 00:01:20.040 time highs for gold for me was twenty and eleven 28 00:01:20.159 --> 00:01:25.319 when it hit almost two thousand and twenty twenty, when 29 00:01:25.319 --> 00:01:29.599 I was hosting your show in Austin. And that's the difference. 30 00:01:29.680 --> 00:01:32.239 That's the difference between all time high. So twenty eleven 31 00:01:32.280 --> 00:01:35.480 and twenty twenty, we have gold has broken it's all 32 00:01:35.480 --> 00:01:38.920 time high thirty times in the last nine months. Wow. 33 00:01:39.200 --> 00:01:42.000 Wow, that's amazing. Yeah, it's on quite a streak. Let's 34 00:01:42.000 --> 00:01:46.239 talk a little bit about silver, because I've seen you 35 00:01:46.319 --> 00:01:49.920 been talking about silver for quite a while that it 36 00:01:50.000 --> 00:01:51.680 is poised there's a lot of reasons for it to 37 00:01:51.719 --> 00:01:52.120 break out. 38 00:01:52.159 --> 00:01:52.319 Now. 39 00:01:52.359 --> 00:01:54.560 You see a lot of people in the financial press 40 00:01:54.599 --> 00:01:57.920 talking about silver, and they are saying that it is 41 00:01:59.599 --> 00:02:01.799 one per in a particular said, well, I'm looking at 42 00:02:01.840 --> 00:02:05.079 about a thirty two dollars price. Once it gets to 43 00:02:05.120 --> 00:02:07.239 that point and stays there a little bit, I think 44 00:02:07.239 --> 00:02:09.159 it's going to jump to fifty pretty quickly. What do 45 00:02:09.159 --> 00:02:11.199 you think is going to happen with silver? 46 00:02:12.080 --> 00:02:14.280 I think there's some wisdom in that. I think the 47 00:02:14.360 --> 00:02:17.360 higher that it goes just being pushed naturally right now 48 00:02:17.400 --> 00:02:19.960 for supply and demand, and it's nowhere near what the 49 00:02:20.000 --> 00:02:22.520 price should actually be. If you look at the amount 50 00:02:22.560 --> 00:02:26.319 of deficits every year, as I've mentioned before, it's around 51 00:02:26.319 --> 00:02:28.759 two hundred million ounces a year that were just short. 52 00:02:29.080 --> 00:02:32.159 So for all the mining that's done, everything that's accumulated 53 00:02:32.199 --> 00:02:34.879 around the world, all the refining, there's still two hundred 54 00:02:34.879 --> 00:02:38.439 million ounces that are short every year from demand, and 55 00:02:38.479 --> 00:02:41.280 that demand is continuing to go up, but mining is 56 00:02:41.319 --> 00:02:44.879 not increasing, supply is not increasing. The reason I think 57 00:02:44.919 --> 00:02:47.520 you have so much disparity in the price in why 58 00:02:47.560 --> 00:02:49.960 it's so strange, just because of the contracts that are 59 00:02:49.960 --> 00:02:52.560 held by these bullion houses. Then you kind of look 60 00:02:52.599 --> 00:02:55.400 back and you kind of see your reverse engineer the price, 61 00:02:55.400 --> 00:02:59.280 and you see that JP Morgan Chase was convicted of 62 00:02:59.280 --> 00:03:01.360 suppressing this silver price. And then you dig a little 63 00:03:01.400 --> 00:03:03.400 further and you realize that JP Morgan Chase is the 64 00:03:03.479 --> 00:03:06.759 largest holder of silver private holder of silver in the world. 65 00:03:07.000 --> 00:03:08.599 You wonder, why would they do that, why would they 66 00:03:08.639 --> 00:03:11.240 continue to suppress the price? Well, I mean they're accumulating, 67 00:03:12.000 --> 00:03:16.240 that's what the super wealthy have been quietly doing over 68 00:03:16.319 --> 00:03:19.639 many decades, have been acquiring silver. It's been cheap, as 69 00:03:19.639 --> 00:03:21.879 you know, you go back to the price chart. Look 70 00:03:21.919 --> 00:03:24.360 at the nineteen eighty it was fifty two dollars and 71 00:03:24.360 --> 00:03:28.639 fifty cents an ounce. It was driven up mainly by 72 00:03:28.639 --> 00:03:30.800 the Hunt family in Texas that were buying it and 73 00:03:30.879 --> 00:03:34.560 buying physical silver, getting physical delivery. Other people started buying 74 00:03:34.840 --> 00:03:38.000 drive the price up. The Hunt family, I believe was 75 00:03:38.360 --> 00:03:41.319 deep stated in a way. They were taken out and 76 00:03:41.680 --> 00:03:44.719 bankrupted because they were exposing the weakness of the dollar. 77 00:03:44.719 --> 00:03:47.199 It was cheap all through the nineteen eighties into the 78 00:03:47.240 --> 00:03:50.879 nineteen nineties and even in the two thousands. But right 79 00:03:50.879 --> 00:03:53.599 now I think what's happened is you can no longer 80 00:03:53.919 --> 00:04:00.000 with world demand with things like solar evs, the knee 81 00:04:00.000 --> 00:04:03.159 need for silver, the military industrial complex demand for silver 82 00:04:03.240 --> 00:04:06.840 as massive, as we've discussed before, is five hundred ounces 83 00:04:06.879 --> 00:04:10.280 of silver and a Tomahawk missile, which was basically what 84 00:04:10.319 --> 00:04:12.360 you call a monster box in the gold and silver 85 00:04:12.400 --> 00:04:15.360 industry of monster boxes five hundred ounces of silver. So 86 00:04:15.800 --> 00:04:19.120 there's just a huge demand, not enough supply, and I 87 00:04:19.160 --> 00:04:21.399 think a lot of these contracts and things with the 88 00:04:21.399 --> 00:04:24.079 bouillyon houses and papers silver. I think that will be 89 00:04:24.199 --> 00:04:27.120 exposed as the price continues to climb, because more and 90 00:04:27.199 --> 00:04:30.079 more people will want to cash out. Silver has been 91 00:04:30.160 --> 00:04:32.399 kind of a dead space. People like me have been 92 00:04:32.439 --> 00:04:35.160 talking about why is it so cheap? You should get some, 93 00:04:35.319 --> 00:04:38.759 you should hold it, it's undervalued. Well, you can only 94 00:04:38.800 --> 00:04:41.399 say that too long until you know that beach ball 95 00:04:41.680 --> 00:04:44.439 you try to keep underwater, it's going to eventually come 96 00:04:44.480 --> 00:04:46.519 to the surface. I think that's what's happening right now. 97 00:04:46.600 --> 00:04:50.399 Once we hit I think mid thirties, David all bets 98 00:04:50.399 --> 00:04:52.240 are off. He goes to mid thirties and I think 99 00:04:52.600 --> 00:04:55.160 will easily scot to forty and fifty dollars an ounce. 100 00:04:55.399 --> 00:04:58.519 There's no reason in this economic climate, with everything around 101 00:04:58.560 --> 00:05:05.160 us being like inside this this psychological experiment, whatever this 102 00:05:05.279 --> 00:05:08.519 is is called an election, this whole thing, with our country, 103 00:05:08.560 --> 00:05:12.480 the entire things. Yeah, it's some kind of sigh off 104 00:05:12.480 --> 00:05:14.959 that we're all in. It's amazing to me that silver isn't, 105 00:05:15.040 --> 00:05:19.000 you know, more expensive. I'm glad that it's not right 106 00:05:19.000 --> 00:05:22.879 now because it gives people the ability to kemen. Let's 107 00:05:22.920 --> 00:05:25.439 look at the price right now, Let's look at silver 108 00:05:25.560 --> 00:05:29.399 price compared to gold price. Now, gold prices is an 109 00:05:29.399 --> 00:05:31.839 all time high. So twenty six ninety two, it's just 110 00:05:31.839 --> 00:05:34.240 went up three dollars since we started the coming all 111 00:05:34.240 --> 00:05:36.759 time high. Another new all time high. So we'll put 112 00:05:36.759 --> 00:05:37.720 that on the list. 113 00:05:37.759 --> 00:05:39.120 And we're gonna get that song from one of the 114 00:05:39.199 --> 00:05:41.600 James Bond movies. It's an all time high, you know, 115 00:05:41.759 --> 00:05:42.759 just put that on a loop. 116 00:05:42.800 --> 00:05:45.160 What's a yeah, well that would be I think that 117 00:05:45.160 --> 00:05:48.240 would be a good Bond film. Who's suppressing the gold price? 118 00:05:48.279 --> 00:05:50.000 It's kind of like a follow up to Goldfinger. 119 00:05:50.120 --> 00:05:52.759 Yeah, who's got his goldfinger on the price there? 120 00:05:53.160 --> 00:05:54.839 And then we're going to divide that by thirty one 121 00:05:54.959 --> 00:05:57.639 eighty nine, So it takes eighty four point four ounces 122 00:05:57.680 --> 00:06:00.639 of silver to make one ounce of gold. Wow, this chart, 123 00:06:01.639 --> 00:06:06.000 which is ridiculous because if you read history, that's never 124 00:06:06.040 --> 00:06:08.920 been that way ever, not even close. It's usually ten 125 00:06:09.000 --> 00:06:12.360 to twenty to one, between ten and twenty. Alexander Hamilton 126 00:06:12.439 --> 00:06:14.279 and the Founding five they set it up at sixteen 127 00:06:14.319 --> 00:06:15.920 to one in this country and it was that was 128 00:06:16.000 --> 00:06:18.439 sixteen ounces of sober to make one ounce of gold. 129 00:06:18.920 --> 00:06:21.279 That stayed from the founding of the United States until 130 00:06:21.319 --> 00:06:24.879 nineteen thirty three when Franklin Roosevelt said turn in your gold, 131 00:06:25.279 --> 00:06:28.439 use one of those executive orders, and they raised the 132 00:06:28.439 --> 00:06:31.480 price to thirty five dollars an ounce, But still that 133 00:06:31.600 --> 00:06:36.040 ratio would be, you know, basically thirty five to one. Well, 134 00:06:36.680 --> 00:06:40.160 eighty four point four doesn't make any sense, especially when 135 00:06:40.199 --> 00:06:44.879 you're looking at geologically it's seventeen to one in the ground. 136 00:06:45.480 --> 00:06:47.839 That's what it's supposedly, so seventeen ounces of sober to 137 00:06:47.839 --> 00:06:49.920 one ounce of gold in the ground. And the big 138 00:06:50.000 --> 00:06:52.079 tell that I've never heard anybody else bring up, but 139 00:06:52.120 --> 00:06:55.079 I thought was, you know, pretty much glaring is the 140 00:06:56.000 --> 00:06:58.720 market cap. If you look at the market cap for 141 00:06:58.920 --> 00:07:02.480 gold at sixteen point four trillion and the market cap 142 00:07:02.519 --> 00:07:05.519 for silver is one point for trillion, so they're sixteen 143 00:07:05.560 --> 00:07:09.160 to one. I think that's probably more accurate. So if 144 00:07:09.199 --> 00:07:11.360 we do it that math, David is looking to see 145 00:07:11.360 --> 00:07:13.319 where we were be if we were just in line 146 00:07:13.360 --> 00:07:17.160 with what the founding fathers set up for silver. If 147 00:07:17.160 --> 00:07:20.560 you divide that, yeah, one hundred and sixty eight dollars 148 00:07:20.560 --> 00:07:23.759 an ounce, that's where we would be, which seems to me, 149 00:07:23.879 --> 00:07:27.800 I think just logically silver at one hundred dollars, an 150 00:07:27.800 --> 00:07:31.519 ounce is, I think is probably a good indicator that 151 00:07:31.720 --> 00:07:35.800 something stabilized and there's the repricing has worked because we 152 00:07:35.800 --> 00:07:39.759 were not watching something go up. We're watching the inversion. 153 00:07:39.800 --> 00:07:43.560 We're watching the dollar lose purchasing power. That's what I 154 00:07:43.560 --> 00:07:45.439 think we kind of I have to remind myself that 155 00:07:45.480 --> 00:07:47.879 all the time. It's not that silver got more valuable, 156 00:07:48.360 --> 00:07:51.759 it's just that when we're repricing commodities, which is what's 157 00:07:51.800 --> 00:07:55.240 happening right now. The Bricks meetings in three days, and 158 00:07:55.439 --> 00:07:58.839 that's what they're trying to They want to reset commodities. 159 00:07:58.879 --> 00:08:02.160 They want to reset way that they structure trade and 160 00:08:02.199 --> 00:08:04.480 get away from the dollar system, and a lot of 161 00:08:04.480 --> 00:08:06.360 that's going to have that's going to have an impact 162 00:08:06.360 --> 00:08:08.399 on the price of commodities because they don't want to 163 00:08:08.480 --> 00:08:10.959 price anything and the way the West does anymore, the 164 00:08:10.959 --> 00:08:14.040 way that it's denominated in dollars. I think this is 165 00:08:14.079 --> 00:08:16.959 what the big news out of all the thing. 166 00:08:17.279 --> 00:08:19.720 It was last week. I think that I covered an 167 00:08:19.759 --> 00:08:21.720 article some guy went through and he looked at the 168 00:08:23.600 --> 00:08:26.120 price of dollar in a lot of different currencies and 169 00:08:26.199 --> 00:08:28.279 what the trend was in a lot of different currencies, 170 00:08:28.519 --> 00:08:30.920 and he said we've been seeing it, you know, steadily 171 00:08:30.959 --> 00:08:32.879 going up and all these other currencies and everything, and 172 00:08:32.919 --> 00:08:36.360 even more so a steady trend up than with the 173 00:08:36.399 --> 00:08:41.120 American dollar. And he said, and yet you know, Switzerland 174 00:08:41.159 --> 00:08:42.559 was kind of the odd man out, and he says, 175 00:08:42.600 --> 00:08:44.799 now that they've caught up, and now it's on a 176 00:08:44.840 --> 00:08:47.399 trajectory like that as well in Switzerland. So all these 177 00:08:47.440 --> 00:08:50.759 other currencies. You know, the US dollar is heavily manipulated, 178 00:08:51.519 --> 00:08:53.799 but looking at it in these other basket of currencies, 179 00:08:54.000 --> 00:08:57.399 it's pretty consistent in the way that it's going. I 180 00:08:57.440 --> 00:09:02.000 look at silver as because my main interest in gold 181 00:09:02.320 --> 00:09:07.039 is not getting rich and having you know, trying to 182 00:09:07.080 --> 00:09:08.759 play markets and time them and all the rest of 183 00:09:08.759 --> 00:09:11.759 this stuff. But my main thing is I'm just concerned 184 00:09:11.840 --> 00:09:18.159 about hyperinflation. I'm concerned about CBDC and other things like that. 185 00:09:18.840 --> 00:09:20.960 So you know, all of this stuff is there. It's 186 00:09:21.000 --> 00:09:24.480 really as kind of a wealth insurance to make sure 187 00:09:24.519 --> 00:09:27.240 that what you have isn't just going to be eviscerated 188 00:09:27.240 --> 00:09:29.759 because the dollar just goes to zero. That's part of it. 189 00:09:29.799 --> 00:09:31.960 But it's also the fact that they want to completely 190 00:09:32.039 --> 00:09:36.639 restructure the financial system. That was part of Biden's move 191 00:09:37.360 --> 00:09:40.440 in the spring of twenty twenty two. Four different things 192 00:09:40.480 --> 00:09:44.360 that he wanted every part of the deep state, every 193 00:09:44.399 --> 00:09:46.399 part of the swamp, every part of the bureaucracy to 194 00:09:46.440 --> 00:09:51.200 look into. Number one thing was changing the financial system, 195 00:09:51.200 --> 00:09:54.919 completely restructuring it as part of implementing CBDC. So when 196 00:09:54.960 --> 00:09:57.679 I look at silver, I think about it in terms of, 197 00:09:57.759 --> 00:09:59.960 you know, having something that is a lower unit value, 198 00:10:00.440 --> 00:10:04.120 so you can actually use it more in transactions than 199 00:10:04.159 --> 00:10:06.240 you'd be able to do with gold. It's a little 200 00:10:06.240 --> 00:10:09.279 hard to do that with gold because of that multiple 201 00:10:09.279 --> 00:10:10.879 that's there. Now it's a big multiple. 202 00:10:12.480 --> 00:10:15.519 Yeah, it's more like gold is savings and silver is cash. 203 00:10:15.639 --> 00:10:18.159 You could use it that way, and it's a lot 204 00:10:18.200 --> 00:10:21.720 more divisible, structured in a way for it to be spendable. 205 00:10:21.759 --> 00:10:24.639 That's why, you know, the silver dollar was so ubiquitous 206 00:10:24.639 --> 00:10:28.440 here in the United States, especially after the comstock load 207 00:10:28.480 --> 00:10:31.639 in the eighteen seventies. There's this major you know, push 208 00:10:31.720 --> 00:10:34.240 to put make the Morgan silver dollar. That's why it's 209 00:10:34.240 --> 00:10:36.679 so famous. It was used all the time there was 210 00:10:36.720 --> 00:10:39.600 a gold dollar. If you I think I've brought one 211 00:10:39.600 --> 00:10:42.759 on the show, it's a little tiny you'll lose with 212 00:10:42.840 --> 00:10:46.399 it easy a little tiny bit of gold. I forget 213 00:10:46.440 --> 00:10:49.559 how much it weighs, but it's it's just a really 214 00:10:49.600 --> 00:10:52.039 small coin and I think it's worth about two hundred 215 00:10:52.080 --> 00:10:54.919 dollars today, So go figure. You know, that's what happens 216 00:10:54.919 --> 00:10:58.799 when you decoupled the dollar from gold. Yeah, you're right. 217 00:10:59.360 --> 00:11:01.759 The silver is sober and gold are a great way 218 00:11:01.799 --> 00:11:05.399 to be outside of the digitized system. And the more 219 00:11:05.399 --> 00:11:07.240 that I think about, the more I read history and 220 00:11:07.559 --> 00:11:11.559 look into the monetary system, the history of money, CBDC 221 00:11:11.759 --> 00:11:14.679 is a massive threat and I think probably the number 222 00:11:14.720 --> 00:11:16.759 one thing that we need to have on our radar 223 00:11:16.840 --> 00:11:21.399 to oppose, to speak out on, to push back against, 224 00:11:21.480 --> 00:11:24.960 and you know, set up systems to get around it. 225 00:11:25.519 --> 00:11:28.080 And I think that's that is going to happen. I 226 00:11:28.080 --> 00:11:30.480 think the states, like we've talked about before, a lot 227 00:11:30.519 --> 00:11:33.440 of the states decentralizing, making gold and silber legal tender, 228 00:11:34.759 --> 00:11:37.440 you know, passing laws against central bank digital currency. This 229 00:11:37.519 --> 00:11:39.919 is great. This is great news, especially because we've been 230 00:11:39.919 --> 00:11:42.080 talking about it for years. I thought I was going 231 00:11:42.120 --> 00:11:43.720 to be alone on this for a while, but it's 232 00:11:43.759 --> 00:11:46.960 finally reached a little bit of popular discourse. More and 233 00:11:47.000 --> 00:11:50.000 more people will have physical precious metals. This is a 234 00:11:50.080 --> 00:11:54.200 wonderful thing. And outside of the system, history is on 235 00:11:54.240 --> 00:11:58.480 our side. The digitized stuff is new. You know, Is 236 00:11:58.480 --> 00:12:01.720 it going to completely a plant the way that we 237 00:12:01.840 --> 00:12:04.919 transact I don't believe. So. I think that it'll look 238 00:12:04.960 --> 00:12:08.759 a lot like well, I mean, it's surveillance disguises money. 239 00:12:08.799 --> 00:12:10.799 First of all, it's not really meant to be an 240 00:12:10.799 --> 00:12:14.480 efficient monetary system, because really the most efficient monetary system 241 00:12:14.519 --> 00:12:18.279 is a mixture of cash and currency backed by something 242 00:12:18.320 --> 00:12:22.039 that stables so you can save it FIAT. This experiment 243 00:12:22.360 --> 00:12:24.879 is failed. It's a god that failed. And I think 244 00:12:25.320 --> 00:12:27.360 you know, we were talking off air about debt to 245 00:12:27.440 --> 00:12:30.320 GDP around the world. It's not just here in the 246 00:12:30.399 --> 00:12:33.360 United States, but you know, global debt is one hundred 247 00:12:33.440 --> 00:12:37.480 trillion for governments, one hundred it's projected by the IMF 248 00:12:37.559 --> 00:12:40.320 one hundred and fifteen percent of debt to GDP for 249 00:12:40.360 --> 00:12:42.879 the entire planet. So the world is bankrupt. I mean, 250 00:12:43.240 --> 00:12:45.200 that's where we are. How are they going to get 251 00:12:45.200 --> 00:12:47.600 out of that? Well, news flash, and I hate to 252 00:12:47.600 --> 00:12:49.799 spoil it for you, but they're going to print more currency, 253 00:12:49.799 --> 00:12:52.559 which means it devalues your current currency that it's going 254 00:12:52.600 --> 00:12:55.080 to lose purchasing power. We're in a Fiat experiment that's 255 00:12:55.120 --> 00:12:58.559 not going to end well, and that's why they They 256 00:12:58.639 --> 00:13:00.399 know that, and I think that's why they throw out 257 00:13:00.399 --> 00:13:04.480 the great Reset term a lot to trying to get 258 00:13:04.519 --> 00:13:07.840 you used to a monetary reset. It's going to benefit them. 259 00:13:08.159 --> 00:13:10.399 But gold and silver are part of this story, which 260 00:13:10.399 --> 00:13:13.440 is my point, is that human nature, human history, whatever 261 00:13:13.480 --> 00:13:16.000 it is with these metals even go back in the Bible. 262 00:13:16.039 --> 00:13:20.720 It's biblical. It's part of it's part of our story, 263 00:13:20.919 --> 00:13:23.480 and I don't think it's going to go away. You know, 264 00:13:23.720 --> 00:13:26.679 Rod Serling had an episode of The Twilight Zone. I 265 00:13:26.679 --> 00:13:28.919 don't know if you remember this episode, David, but there 266 00:13:29.000 --> 00:13:33.320 is these bank robbers. They robbed a bank or something 267 00:13:33.360 --> 00:13:34.879 of it. Maybe it was a train that was carrying 268 00:13:34.879 --> 00:13:37.840 the gold from the Federal Reserve. And they had a 269 00:13:37.919 --> 00:13:41.799 scientist and he was able to cryogenically like animated the 270 00:13:41.879 --> 00:13:44.840 suspended animation for one hundred years or something. They woke 271 00:13:44.919 --> 00:13:47.200 up and they try to go cast this gold in 272 00:13:48.720 --> 00:13:52.200 and so anyway, the episode ends with somebody from you know, 273 00:13:52.240 --> 00:13:53.879 one hundred years in the future pulling up in the 274 00:13:54.279 --> 00:13:56.039 car and saying, what's he got with them? And then 275 00:13:56.039 --> 00:13:59.320 somebody says, is that gold people used to use that 276 00:13:59.360 --> 00:14:03.320 as money. It was kind of to be uh, you know, 277 00:14:03.360 --> 00:14:08.080 that ironic consequence of wanting something that has value then 278 00:14:08.159 --> 00:14:10.480 and it doesn't have it in the future. That's an 279 00:14:10.519 --> 00:14:13.559 interesting concept. But my reading of history, I don't think 280 00:14:13.600 --> 00:14:17.000 that's ever going away. I don't think that for whatever reason. 281 00:14:17.080 --> 00:14:21.600 I don't think that mankind will ever not want them, 282 00:14:21.759 --> 00:14:25.320 the precious metals, or not want to have some sort 283 00:14:25.360 --> 00:14:28.159 of access or use them for something. They'll never be 284 00:14:28.240 --> 00:14:31.480 at zero, but currencies will. 285 00:14:31.759 --> 00:14:34.159 I think that episode was written by who was the 286 00:14:34.200 --> 00:14:36.519 person who said that gold is a barbaric relic? 287 00:14:36.639 --> 00:14:41.279 Was John Maynard Kaines. Yeah, as a barbarous relic. 288 00:14:43.440 --> 00:14:43.600 You know. 289 00:14:44.240 --> 00:14:45.200 Yeah, that's funny. 290 00:14:45.440 --> 00:14:49.039 Well, you know when you're talking about you know that 291 00:14:49.039 --> 00:14:54.039 that gold coin and the one dollar coin and now 292 00:14:54.039 --> 00:14:56.360 it's worth two hundred dollars, but it was a small 293 00:14:56.399 --> 00:14:58.480 coin to start with. Imagine if you created a one 294 00:14:58.519 --> 00:15:01.559 dollar coin today out of gold, you have to get 295 00:15:01.600 --> 00:15:03.960 a magnifying glass out. That might have be like, honey, 296 00:15:04.000 --> 00:15:08.240 I shrunk the coin you know of Rick was the 297 00:15:08.360 --> 00:15:11.960 named Rick Morano or something. Huh honey, yeah, yeah, and 298 00:15:12.200 --> 00:15:14.759 he's looking at he's got his big helmet there with 299 00:15:14.799 --> 00:15:16.879 all the magnifying. Where did I put that gold coin? 300 00:15:18.000 --> 00:15:21.399 That's that's what we have because of inflation. But yeah, 301 00:15:21.399 --> 00:15:23.519 it's the you know that, that's another part of it. 302 00:15:23.559 --> 00:15:27.200 You know, the historical aspects of hyperinflation if you have 303 00:15:27.279 --> 00:15:29.039 currency and all the rest of that is the same 304 00:15:29.039 --> 00:15:32.480 way that we've seen the historical effects of gold. I've 305 00:15:32.480 --> 00:15:34.919 got one guy here, he's saying the five reasons that 306 00:15:34.960 --> 00:15:37.320 he thinks that goal prices are going to keep rising 307 00:15:37.639 --> 00:15:40.320 and we'll hit forty eight hundred dollars by twenty thirty. 308 00:15:40.480 --> 00:15:43.799 That's Incrementum is the company he works for. Those on 309 00:15:43.879 --> 00:15:48.799 Kit Cup News. That's actually kind of a conservative evaluation. 310 00:15:49.000 --> 00:15:51.240 I think when you look at you forty eight hundred 311 00:15:51.320 --> 00:15:55.320 by twenty thirty, I mean we're talking another you know, 312 00:15:55.440 --> 00:15:58.759 six years or something. I mean, that's that's very conservative, 313 00:15:58.799 --> 00:15:59.080 I think. 314 00:15:59.639 --> 00:16:03.039 But well, I mean, yeah, I think it's extremely conservative. 315 00:16:04.840 --> 00:16:07.720 My projections would be over that. I was short where 316 00:16:07.759 --> 00:16:09.799 we are now though, I didn't think we'd be seeing 317 00:16:09.799 --> 00:16:11.679 twenty seven hundreds an ounce gold. I mean, we can 318 00:16:11.720 --> 00:16:14.080 go back to our interviews. I wasn't projecting that. I 319 00:16:14.120 --> 00:16:16.799 didn't think that it would break that fast. But something 320 00:16:16.879 --> 00:16:20.360 is giving way, and there's something in the underlying current here. 321 00:16:20.639 --> 00:16:23.480 It has to do with deed dollarization. It has to 322 00:16:23.480 --> 00:16:27.720 do with the bricks alliances. If you recall, there is 323 00:16:27.759 --> 00:16:32.840 this ominous exchange between Jijingping and Vladimir Putin about was 324 00:16:32.879 --> 00:16:35.039 it eighteen months ago or so, David, when they just 325 00:16:35.240 --> 00:16:38.840 they had a face to face meeting and said, we're 326 00:16:38.879 --> 00:16:41.120 going to be part of the greatest change that's happened 327 00:16:41.120 --> 00:16:43.919 in one hundred years on paraphrasing, and that's going to 328 00:16:43.919 --> 00:16:47.799 be us. There's this alliance that they're creating, these economic 329 00:16:47.840 --> 00:16:52.039 alliances after the sanctions, that massive sanctions in twenty twenty 330 00:16:52.039 --> 00:16:55.480 two by the US and Russia pushing back on that, 331 00:16:55.679 --> 00:16:57.720 this is I think really accelerating. And then we look 332 00:16:57.720 --> 00:17:00.360 at the loss of the petro dollar. A lot of 333 00:17:00.360 --> 00:17:03.240 open questions there that you know, they used to be 334 00:17:03.279 --> 00:17:05.680 the big thing. How do we lose mainland China In 335 00:17:05.720 --> 00:17:08.920 nineteen forty nine, you know, the Truman was called you know, 336 00:17:08.960 --> 00:17:11.400 in Dean Atchison were called communists, and you know that 337 00:17:11.640 --> 00:17:15.799 was a major fiasco for the Truman administration. But how 338 00:17:15.799 --> 00:17:17.759 do we lose the petro dollar? And nobody even brings 339 00:17:17.759 --> 00:17:20.200 that up. I mean literally just lost and the ice 340 00:17:20.240 --> 00:17:20.680 Home Oracle. 341 00:17:20.720 --> 00:17:22.759 The other day, somebody was talking about, well, all these 342 00:17:22.759 --> 00:17:25.319 people are saying, well, this candidate's going to be horrible 343 00:17:25.319 --> 00:17:27.119 for the economy and we'll wreck it and all the 344 00:17:27.160 --> 00:17:28.279 rest of the stuff he goes. You don't know who 345 00:17:28.319 --> 00:17:31.440 wrecked it. It was Janet yelling. You know, she's she's 346 00:17:31.480 --> 00:17:34.240 behind all this policy and Biden administration in terms of 347 00:17:34.279 --> 00:17:37.400 weaponizing the dollar. They were driving people away from the 348 00:17:37.480 --> 00:17:38.599 dollar more than anything. 349 00:17:39.319 --> 00:17:41.799 Yeah, they're continuing to drive people away from the dollar, 350 00:17:41.920 --> 00:17:44.960 making it unsafe for countries for to park any of 351 00:17:44.960 --> 00:17:48.920 their denominated currencies in dollars. We're making that apparent like 352 00:17:48.960 --> 00:17:52.319 if you do something that crosses we'll repatriate you know, 353 00:17:52.680 --> 00:17:57.160 your currency to whatever cause. D Jore, we feel like, 354 00:17:57.200 --> 00:17:58.960 I mean, look at what happened to the Russians. Their 355 00:17:59.000 --> 00:18:02.880 own funds used to give to the T shirt man 356 00:18:02.920 --> 00:18:08.559 in Ukraine to rockets and other things offensive weapons into Russia. 357 00:18:08.559 --> 00:18:09.720 It's absolutely amazing. 358 00:18:10.039 --> 00:18:12.240 Yeah, that thing about that, we spent a couple of 359 00:18:12.279 --> 00:18:15.119 hundred billion dollars and all we got for that was 360 00:18:15.119 --> 00:18:16.319 a Zelensky T shirt. 361 00:18:17.359 --> 00:18:19.279 That's all I got was this loudy T shirt. 362 00:18:19.799 --> 00:18:22.319 That's all he's got, just the shirt on his back. Yeah, 363 00:18:22.359 --> 00:18:23.640 people are getting pretty tired of that. 364 00:18:23.680 --> 00:18:23.799 Well. 365 00:18:23.839 --> 00:18:25.799 I think another part of it when we talk about Zelenski. 366 00:18:25.799 --> 00:18:28.039 I think another part of this, of course, is the 367 00:18:28.200 --> 00:18:31.079 concern about war as this is escalating, and we're gonna 368 00:18:31.079 --> 00:18:32.720 be talking about that coming up at the top of 369 00:18:32.720 --> 00:18:38.079 the hour with Joel Skauzen. But you've got the the 370 00:18:38.119 --> 00:18:42.559 Israeli government expanding the war. America is pushing it as well. 371 00:18:42.640 --> 00:18:45.680 I mean, they're chomping at the bit. The warmongers to 372 00:18:45.720 --> 00:18:48.240 go after Ron have been for a long time. But 373 00:18:48.359 --> 00:18:50.559 Israel Is even saying I think it was a finance 374 00:18:50.599 --> 00:18:53.920 minister who said, yeah, we're we're gonna we're on our 375 00:18:53.960 --> 00:18:56.680 way to Damascus. I guess they're on the road to Damascus. 376 00:18:56.680 --> 00:19:00.440 They're gonna have a road to Damascus experience. But the 377 00:19:01.440 --> 00:19:04.519 I mean, you know, it's big time war and it's 378 00:19:04.519 --> 00:19:07.880 going to be very disruptive of the economy in addition 379 00:19:08.000 --> 00:19:10.440 to what happens with the war stuff. So I think 380 00:19:10.519 --> 00:19:13.000 that that's maybe part of it as well. But you're right, 381 00:19:13.039 --> 00:19:15.599 twenty seven hundred dollars. It was just a couple of 382 00:19:15.599 --> 00:19:18.799 months ago. That people said, JP Morgan, So some of 383 00:19:18.799 --> 00:19:20.200 these people, well I think we're going to see twenty 384 00:19:20.200 --> 00:19:23.000 seven hundred dollars gold in January of twenty twenty five. 385 00:19:23.920 --> 00:19:28.400 That really is kind of we're almost already there, you know, 386 00:19:29.160 --> 00:19:31.839 twenty six ninety two, we're almost at twenty seven hundred 387 00:19:31.880 --> 00:19:35.279 dollars gold. And it was a big escalation when they 388 00:19:35.319 --> 00:19:37.359 said that at that point in time a couple of 389 00:19:37.359 --> 00:19:39.359 months ago, to say well, look it's going to go 390 00:19:39.440 --> 00:19:41.400 to twenty seven. It's like, yeah, you can kind of 391 00:19:41.400 --> 00:19:44.000 see that happening. Well, now we're the middle of October 392 00:19:44.039 --> 00:19:44.640 and it's there. 393 00:19:45.440 --> 00:19:47.240 Yeah. I don't think you can compare this time to 394 00:19:47.279 --> 00:19:49.839 any other time in history. Really, it's never really happened 395 00:19:49.839 --> 00:19:53.119 this way. I mean, it doesn't repeat itself at often rhymes. 396 00:19:53.160 --> 00:19:56.039 But you can look at the the nineteen seventies, David, 397 00:19:56.079 --> 00:19:58.559 I mean, they raised interest rates to the teens, had 398 00:19:58.559 --> 00:20:01.559 the knicks and shock and inflation. Jimmy Carter called it malaise. 399 00:20:02.720 --> 00:20:05.839 But what happened there was a decline in the price 400 00:20:05.880 --> 00:20:08.440 of goal gold was eight hundred dollars an ounce around 401 00:20:08.440 --> 00:20:10.559