Speaker 1: Well, welcome back, and joining us now is Tony Ardeman
Speaker 1: and he is at the tip of the spear of
Speaker 1: the news right now, because the big news is what
Speaker 1: is happening to gold and what is happening to the dollar.
Speaker 1: And we just had Jerome Pale and say, oh, there's
Speaker 1: no problem.
Speaker 2: With a dollar.
Speaker 1: That's what I said at the top of the hour,
Speaker 1: I said, we have Tony ardaban on. He knows a
Speaker 1: lot more than Jerome Powell. Or you know, the alternative
Speaker 1: is that Jerome Powell knows a lot more than he's
Speaker 1: telling you. He's not being honest with anybody. So Goldman
Speaker 1: Sachs is saying, we're looking at the demise of the
Speaker 1: dollar and it's just getting started. It's what they said.
Speaker 1: And well, last time we talked week ago on Thursday,
Speaker 1: what was the price of gold? Was it about forty
Speaker 1: forty seven hundred?
Speaker 2: What was it?
Speaker 3: Yeah, remember somewhere around forty eight hundred and some change,
Speaker 3: and it's bounced around a little bit. It's hard to
Speaker 3: be exact, but yeah, it was just we were nearing
Speaker 3: five thousand. That was the big milestone. Now it's that's
Speaker 3: completely off the table. We're going to talk about six
Speaker 3: thousand dollars gold it appears. Yeah, I think we've hit
Speaker 3: all time highs every single day, even over the weekend.
Speaker 1: That was crazy. I saw on Monday. I thought that
Speaker 1: can't be right. They said fifty hundred. Is that a
Speaker 1: projection from one of these banks. It's like, no, that's
Speaker 1: what it hit on Monday, as like, what right? And
Speaker 1: then you know, the next couple of days later, I
Speaker 1: see it's like about fifty four hundred, fifty five hundred.
Speaker 1: Did it get as high as fifty eight hundred? I
Speaker 1: think I saw that somewhere Momentarily.
Speaker 3: It may be on the futures as far as spot price,
Speaker 3: I think we've gone over fifty five and then drop
Speaker 3: back down. But it's I mean, we're still we're doing
Speaker 3: moving in new territory.
Speaker 2: David. Oh yeah.
Speaker 3: None of these, even the simulations and the big big
Speaker 3: intel that I follow, they haven't they haven't called this
Speaker 3: this is this is something completely different.
Speaker 4: I would say that it's funny.
Speaker 3: Jerome Powell reminds me of Bagdad Bob, remember the Saddam's
Speaker 3: his press secretary or whatever you would call the chief
Speaker 3: Minister of Information, whatever it was, and he would, I mean,
Speaker 3: he would say they're not here.
Speaker 4: The Americans aren't here. They're rolling through bag Dad, you know,
Speaker 4: in real time. And he's like, we've had no contact, and.
Speaker 1: Well, doesn't matter what you're talking about with this administration,
Speaker 1: they're all bagdad Bob. I mean, it's whatever the topic is.
Speaker 1: They give you a Bagdad Bob line, don't they.
Speaker 2: It's crazy.
Speaker 4: Yeah, Field currency, I think is a barbarous relic.
Speaker 2: Yeah, in our.
Speaker 4: Time we'll see John Ayer kains had in reverse.
Speaker 1: Well, you could call it a barbarous bubble. I guess
Speaker 1: maybe our own little take on this. We had Tucker
Speaker 1: Carlson talking to Peter Schiff about bitcoin, whether it be
Speaker 1: the new global reserve currency.
Speaker 2: Of course, you know Peter.
Speaker 1: Schiff has heaped nothing but scorn on bitcoin and crypto.
Speaker 1: There's been this ongoing war. I would say, right now
Speaker 1: is looking pretty good for Peter Shiff's point of view, Well,
Speaker 1: i'd say so.
Speaker 3: And I think I think bitcoin right now is probably
Speaker 3: the dark horse. It's just south there doing what it does.
Speaker 3: It's more like a stable coin at this point. I mean,
Speaker 3: it's still trading at eighty five thousand a coin, which
Speaker 3: is insane if you know it's history. When I got
Speaker 3: into bitcoin, it was four hundred dollars, you know, there
Speaker 3: was in twenty sixteen. That's when I first saw the
Speaker 3: usage of bitcoin ATMs and then I got me interested.
Speaker 3: That's the genesis of wise wolf. So I've been around
Speaker 3: a long time Bitcoin to say it's lagging, but I
Speaker 3: think where all bets are off, everything's being repriced. Bitcoin
Speaker 3: will probably go last because you've got to remember, gold
Speaker 3: and silver are the old historical money. They're tied to
Speaker 3: the human experience. It's you know, it's biblical, it's inside
Speaker 3: of our tradition. So it's obviously going to go first.
Speaker 3: And you know, I see a lot of price predictions.
Speaker 3: I think some of them are completely irresponsible from some
Speaker 3: of these commentators, especially in my space. I don't like
Speaker 3: to make price predictions, but I do think that there's
Speaker 3: something else is happening. David in a I've been running,
Speaker 3: just like for my own curiosity, running the simulations on
Speaker 3: what the price of gold would need to be if
Speaker 3: the if the major central banks wanted to reprice their
Speaker 3: currencies in gold, and it looks like it's it's far
Speaker 3: north of what it is now.
Speaker 4: But if you take their gold holdings and you wanted to.
Speaker 3: Reprice it for their into the money supply, and it's
Speaker 3: in north of you know, thirty five forty thousand announce
Speaker 3: And I'm not saying that's where we're going, but something
Speaker 3: is afoot.
Speaker 4: If you wanted.
Speaker 3: To to reprice something, this is how you would do it.
Speaker 3: And you know, the US, for so long as you
Speaker 3: know we've covered this has been a a had a
Speaker 3: active role, especially the Central Bank and FED, of suppressing
Speaker 3: the price. So I don't think they can do that anymore.
Speaker 3: And I think that's clearly going up in the price
Speaker 3: of silver, not just gold, but you know, silver is
Speaker 3: following gold, and gold's being repriced, Silver's being repriced, and
Speaker 3: nothing seems to be a governor on that anymore.
Speaker 1: That's right, And you know, it's kind of interesting because
Speaker 1: when you look at you know, what is the financial
Speaker 1: as system going to go to? Well, the Trump administration
Speaker 1: is definitely pushing toward a stable coin, just like the
Speaker 1: EU and other places that just want to do CBDC.
Speaker 1: You know, their Trump administration is trying to pretend it's
Speaker 1: something different than CBDC. But the tether and these stable
Speaker 1: coins is so called stable coins are really just a
Speaker 1: relabeled CBDC. It has a kind of private public partnership
Speaker 1: aspect to it, a kind of fascism corruption thing as
Speaker 1: you would expect from the Trump administration. It also helps
Speaker 1: them to pretend that it's not the same as CBDC,
Speaker 1: but it's a way for them and their buddies to
Speaker 1: make money as well.
Speaker 2: But we just saw.
Speaker 1: Teather just disappear one hundred and eighty million something dollars
Speaker 1: out of several Wallas just seized, froze it, sees it
Speaker 1: and freeze it, and sees it as what they do right.
Speaker 1: And that's a warning to everybody, I think, And as
Speaker 1: we look at how things are changing. You and I
Speaker 1: have talked for a long time about the warning about
Speaker 1: paper gold and paper silver. We don't know that stuff
Speaker 1: is for real either. We don't know if they've really
Speaker 1: got the gold or silver that's there, and when push
Speaker 1: comes to shove, we may find out that they don't
Speaker 1: have it, which case, the shares that you've got in
Speaker 1: those companies off the Shanghai Gold Exchange just plummet. If
Speaker 1: confidence disappears, you are not buying a tenth of an
Speaker 1: ounce of gold or silver. What you're buying is shares
Speaker 1: in a company that promises that they're going to be
Speaker 1: accumulating gold and silver, So physical possession. Whether you're talking
Speaker 1: about the so called stable coins, which are not stable
Speaker 1: and they're not coins, the way that they can freeze
Speaker 1: and seize anything that you've got by design, that was
Speaker 1: something that was in the Genius Act that Trump put
Speaker 1: through there. So whether you're talking about that, or you're
Speaker 1: talking about paper gold or silver or any kind of
Speaker 1: tokenized derivative schemes that are coming out of Wall Street,
Speaker 1: be very careful about that. And the approach that you
Speaker 1: want to take is with physical gold and physical silver,
Speaker 1: and that's why what you do, Tony is so important.
Speaker 4: Well, I agree with that wholeheartedly.
Speaker 3: I think the term is counterparty risk, and that used
Speaker 3: to be a lot more acceptable. And it's funny because
Speaker 3: the institutions are going first. I always thought it would
Speaker 3: be the other way around. I thought that the people
Speaker 3: would start to lose faith in the system and rebel
Speaker 3: against it from the bottom up. And some of that
Speaker 3: is happening. I mean, I think it's more widespread than
Speaker 3: it's ever been in my lifetime, especially since nineteen seventy one,
Speaker 3: that people are skeptical of the monetary system. But this
Speaker 3: has started governmentally across across the world. It's an international
Speaker 3: phenomenon of mistrust and reallocation of funds and resources. And
Speaker 3: we covered this a few months ago. David I thought
Speaker 3: it was a big news that they have the the
Speaker 3: storage for gold, physical gold, not only in Shanghai, that
Speaker 3: they're starting new storage facilities and moving the exchange there.
Speaker 3: I know JP Morgan is taking their gold desks there,
Speaker 3: but also in Hong Kong.
Speaker 4: I thought that was big news.
Speaker 3: And they're building, you know, massive storage facilities just outside
Speaker 3: the airport for physical storage. So it's not you know,
Speaker 3: the firms that used to control so much of the
Speaker 3: paper market and that was just seen. Hey, if you
Speaker 3: wanted a hand and you know, or do something in
Speaker 3: gold or silver, and as far as following the price
Speaker 3: or the spot, this is what you would get into.
Speaker 3: You know, there's not a lot of risk here. You
Speaker 3: can just don't have to hold the gold or stored anywhere.
Speaker 3: You just buy in its spot and you can cash out.
Speaker 3: Of course, they'd never pay you in gold or silver
Speaker 3: through any of those funds. They would pay you in
Speaker 3: fiat if you cashed out because it's just priced against
Speaker 3: the spot whatever those medals were. And of course there's
Speaker 3: storage is expensive all the rest. But I think I
Speaker 3: started to see a trend about three years ago, especially
Speaker 3: after the sanctions on Russia backfire. There's this big blowback
Speaker 3: that happened with the ruble rebounding, and they started doing
Speaker 3: those cross border payments with not only gold but petroleum
Speaker 3: and other things with and direct trades with China and India,
Speaker 3: and I started thinking, this is this is going to
Speaker 3: be interesting as the de dollarization continues.
Speaker 4: I started watching these.
Speaker 3: Big trades going on that were multinational corporations and governments
Speaker 3: starting to pull you know, more gold into the system
Speaker 3: physically and then move it around. The repatriation of gold.
Speaker 3: I thought it was a big story that didn't get
Speaker 3: covered the way it should a lot of these countries.
Speaker 1: Yeah, there's a lot of talk about that from Germany
Speaker 1: this last week. You know, there's it's not the majority
Speaker 1: of position there yet, but you've had a lot of
Speaker 1: people from several different parties because they have more than
Speaker 1: two parties there, just as they do in most places
Speaker 1: other than the US. But anyway, a lot of politicians
Speaker 1: that they're saying, we got to get it back. We
Speaker 1: can't trust the Federal Reserve. And so if that's their position,
Speaker 1: they can't trust the Federal Reserve. And I don't trust
Speaker 1: the Federal Reserve either. But I don't think they're going
Speaker 1: to disappear Germany's gold. But if that's their position, if
Speaker 1: Germany is worried about the Federal reserves vaults in terms
Speaker 1: of holding gold, maybe you want to think twice about
Speaker 1: putting your money into paper gold and paper silver, hoping
Speaker 1: that the Chinese have got the actual stuff to back
Speaker 1: up what they're selling you in their vaults in Shanghai.
Speaker 1: You might get shanghaied with all this stuff, right.
Speaker 3: I think it's inevitable. There's gonna be a cascading series
Speaker 3: of events. I believe that will further expose the lack
Speaker 3: of accountability here in the next twelve months.
Speaker 4: Think.
Speaker 3: I think something's going to break because these prices expose it.
Speaker 3: If everything's going in chopping sideways, or silver's boring the
Speaker 3: way it's been my entire life, it's been like you know,
Speaker 3: from you know, nineteen eighty it hit this peak at
Speaker 3: fifty two. It took forty five years for it to break,
Speaker 3: and then once it broke it. It just off to
Speaker 3: the races. We got to remember, we had these these
Speaker 3: periods like twenty eleven where silver got close to fifty.
Speaker 3: We're trading at fifty and then fell back down because
Speaker 3: of the FED was able to step in and calm
Speaker 3: things down. Ben Bernanki was the key figure there. He's like, wait,
Speaker 3: this isn't gonna happen again. We're not going to do
Speaker 3: more tarp funds. We're not going to do massive QI
Speaker 3: or bailout things. And it calmed the markets down. Those
Speaker 3: days are never coming back, and we're you know, we're
Speaker 3: seeing this is the culmination all those years of being boring,
Speaker 3: all of those paper trades that were going on and
Speaker 3: active suppression.
Speaker 4: David.
Speaker 3: I mean, I've seen it in real time in my business.
Speaker 3: I've seen the suppression through through Wall Street and there.
Speaker 4: They can't do it anymore.
Speaker 3: I just don't think they have the resources or the
Speaker 3: ability to cover the spread or do anything on selling
Speaker 3: off major So I think the race is on.
Speaker 4: For the for the repricing.
Speaker 1: So it was boring, and now we're living in interesting times.
Speaker 2: That's right.
Speaker 4: It was very boring.
Speaker 1: It's kind of interesting this quote on Kickko the headline,
Speaker 1: Powell dismisses Goal's rally above fifty three hundred. He says,
Speaker 1: the FED is not losing credibility.
Speaker 4: And everybody like that Bob moment.
Speaker 1: Well, imagine the quote unquote credibility when Trump takes it
Speaker 1: over and he is the entire FED and he's going
Speaker 1: to tell everybody what to do. That's that's when you're
Speaker 1: going to see credibility fleshed out the toilet right there.
Speaker 2: But when you're talking.
Speaker 1: About interesting times and the radical changes, we've got to
Speaker 1: comment here from North American house hipo, he says. Mike
Speaker 1: Shedlock said a couple of years ago that if gold
Speaker 1: ever hit ten thousand and silver was hundreds of dollars,
Speaker 1: he said, it would never happen, but if it did,
Speaker 1: you wouldn't want to leave your house. What's your comment
Speaker 1: about that, Don Well, I.
Speaker 3: Think you'd need a little bit higher number. What anybody
Speaker 3: would be blink right now if gold went to six thousand,
Speaker 3: and that's the rest of the populace. I mean, obviously
Speaker 3: we're in a unique niche space of people paying attention,
Speaker 3: but we're talking about this the vast majority of people
Speaker 3: don't really know that the historical context of Oh, silver's
Speaker 3: you know, at one hundred and eighteen dollars an ounce
Speaker 3: or whatever it is today. How insane that is given
Speaker 3: our timeline. So I think a lot of things have
Speaker 3: to catch up. I mean, gold could go.
Speaker 4: To ten thousand in the next year. Would it break
Speaker 4: the system? Probably not.
Speaker 3: There's just a there's a there's a long way to
Speaker 3: go in the repricing of all this. And what does
Speaker 3: that even mean? I mean, really, how many for you
Speaker 3: to price things in dollars anymore? Do we really know
Speaker 3: the true extent of the devaluation that's gone on? Are
Speaker 3: we just so psychologically programmed to give these things value
Speaker 3: that we continue to do that? And I think that
Speaker 3: metric is that's that's what's being worked out right now.
Speaker 3: We're in an undiscovered country, you know, a new pricing territory.
Speaker 3: This's never happened before because we've never had I mean
Speaker 3: that nothing can go back and really historically overlay what
Speaker 3: we've done in the last fifty plus years with our currency.
Speaker 3: It's never truly gone on or gotten that big. You know,
Speaker 3: we never had a fiat currency that was worldwide in
Speaker 3: everything and then being you know, de dollarized rapidly, so
Speaker 3: We've never seen that before, So I don't know what
Speaker 3: pricing strategy. I would say if if silver like some
Speaker 3: of these yahoos on I see that, to see a
Speaker 3: lot of these commentators, people that want to get clicks
Speaker 3: and they'll put on you know, five thousand dollars silver,
Speaker 3: you know whatever. I see those people all the time.
Speaker 3: If you're that amount, maybe you can't go outside. At
Speaker 3: a certain level, it doesn't matter.
Speaker 4: You know what.
Speaker 3: At a certain level that repricing in dollars is it's
Speaker 3: kind of absurd.
Speaker 1: And when you look at the global debt, I mean
Speaker 1: that's the point that ray Dalia was making at Davos.
Speaker 1: He said, maybe we're not looking at de dollarization, but
Speaker 1: we're looking at de fiatization, and he sees that as
Speaker 1: as something that is you know, certainly would de dollarize
Speaker 1: things that would be much broader than that, because it
Speaker 1: would include all these other fiat currencies like the euro
Speaker 1: and all these other national currencies that are out there.
Speaker 1: When you look at the massive amount of debt that
Speaker 1: is there and how it just keeps expanding with all
Speaker 1: that got another comment here from Steve EVAs he said,
Speaker 1: can you sell medals? Is it all buy and hold,
Speaker 1: he says, I'm holding. Ask Tony if he isn't buying silver,
Speaker 1: healp Impact News thinks that many people aren't buying, or
Speaker 1: many gold and silver dealers aren't buying.
Speaker 4: Yeah, I know why they're not, but we're still buying.
Speaker 4: As a matter of fact.
Speaker 3: As soon as we're done with the broadcast, I'm going
Speaker 3: to send out prices. But I'm still buying and I
Speaker 3: have to, you know, I have to balance between the
Speaker 3: percentages that I'll buy back for and my risk, you know,
Speaker 3: and also being professional and making sure people get a
Speaker 3: good deal.
Speaker 4: It's a tough balancing act at this point.
Speaker 1: Well, like I said last week before we saw this
Speaker 1: explosion this week in the price of metals, I don't
Speaker 1: know how you do it. I mean, you're already operating
Speaker 1: in a hyperinflation economy, you know, the type of thing
Speaker 1: we've always talked about in Argentina or Nazi Germany or
Speaker 1: whatever pre Nazi Germany, where you know, the price of
Speaker 1: the commodity is jumping massive amounts during the day each day.
Speaker 1: And how do you operate in a something like that?
Speaker 2: I don't know.
Speaker 3: Every I have the shop in Missouri, and they have
Speaker 3: the shop in Texas and look at my son's here
Speaker 3: in Texas with me, and I'm broadcasting out of my
Speaker 3: the worse ice stand. We've been up clothes for days,
Speaker 3: by the way, which has given us a little bit
Speaker 3: of breathing room. And Branson yesterday when I reopened, I said, look,
Speaker 3: let's just pack wolf Pack packages. We can still sell,
Speaker 3: but we're not going to buy. And that was the
Speaker 3: only time in the history of my shop or since
Speaker 3: wise wolf Thro I just gave a blanket order. We're
Speaker 3: not going to buy anything. And because people needed to work,
Speaker 3: they've been snowed in for days. They we're going to
Speaker 3: be buying again. And you know the difficulty is you
Speaker 3: have to look at every single thing that you buy,
Speaker 3: or every docket of things. I have to figure out
Speaker 3: where I'm going to source and where I'm going to
Speaker 3: sell it. A lot of times this gets Thank goodness,
Speaker 3: I've been able to pass on stuff like that to
Speaker 3: Wolfpack people. Any of the Wolfpack members have been getting,
Speaker 3: like if you do constitutional Wolf, you're getting stuff at
Speaker 3: melt so like I can still I can still buy
Speaker 3: ninety percent US silver, which most dealers and then refiners
Speaker 3: aren't buying, so I really have no, except for one place.
Speaker 3: But it takes three weeks to get paid anywhere to
Speaker 3: take ninety percent silver. But that doesn't mean that ninety
Speaker 3: percent is not a good long term hold. As a
Speaker 3: matter of fact, I think it's one of the best
Speaker 3: upside things you can be doing right now. And people
Speaker 3: I think are confusing. They're like, well, I held this
Speaker 3: silver all this time, why can't I sell now? Well,
Speaker 3: you're talking about a bottleneck system where you know, countless
Speaker 3: people are trying to do the same thing that you did.
Speaker 3: You need to just let it calm itself out, and
Speaker 3: then price is for the percentages that for buying will
Speaker 3: rise again. But this this market is you know, there's
Speaker 3: nowhere for me to sell sterling silver. Does that mean
Speaker 3: sterling silver like flatwere knives and jewelry and thing? Does
Speaker 3: that mean that is not worth anything?
Speaker 4: Of course not.
Speaker 3: It just means that the refiners are overloaded, dealers are overloaded.
Speaker 3: There's no liquidity right now. But if you give it
Speaker 3: enough time, we'll just sort itself out. You know, the
Speaker 3: rush to sell. If I'm somebody that's held silver a
Speaker 3: long time, you got a few options, But honestly, I
Speaker 3: want to see where the price goes and let things,
Speaker 3: let things settle out, because I think that they will.
Speaker 1: David, we talked about this report and I saw somebody
Speaker 1: send it to me and I watched it.
Speaker 2: It was at a gold and silver show.
Speaker 1: You know, they set these things up like gun shows,
Speaker 1: and it's kind of a retail thing. You got a
Speaker 1: of retail sellers who are there, and then you have
Speaker 1: people come in just like they do it a gun show,
Speaker 1: and they're going to buy gold and silver and things
Speaker 1: like that. And this guy went around talking to all
Speaker 1: the different dealers and he said, so, what's going on,
Speaker 1: is said, well, nobody's buying silver. Everybody wants to sell silver.
Speaker 1: And that was last summer. Everybody wanted to sell it.
Speaker 1: And they said, yeah, that the institutions can't get enough
Speaker 1: of it, but the retail trade doesn't want to buy
Speaker 1: any of it. And they're also feeling economic pressure in
Speaker 1: terms of yeah, I need the money right now. So,
Speaker 1: you know, it was kind of an interesting thing, especially
Speaker 1: when you look at this some of these people. If
Speaker 1: these dealers said I can't buy anymore right now whatever,
Speaker 1: they're probably regretting that. And the people who sold it
Speaker 1: last summer we probably regretting it as well. It's amazing
Speaker 1: because that was just before it took off like a rocket.
Speaker 4: Well, and people thought that sixty was the top and
Speaker 4: seventy was the top, and I thought, I kept saying,
Speaker 4: I don't you know, Look, I can take your stuff.
Speaker 4: I don't think this is the top.
Speaker 3: Always ask me that, and uh, you know, it's part
Speaker 3: of how I stay in business is buying products. When
Speaker 3: I stop buying, it really is a there's something fundamentally
Speaker 3: wrong with the system. If I give that, you know,
Speaker 3: if I give that order to my shops to stop
Speaker 3: buying across the board, there's something there's something terribly wrong.
Speaker 4: But but I do think.
Speaker 3: That if you if you look at who's buying, that's
Speaker 3: that's the tell. And we do get and we still
Speaker 3: have customers. But I get people that send me stuff
Speaker 3: David all the time and they're like, is this how
Speaker 3: your shop is? And they'll send me some YouTube video
Speaker 3: of some dealer somewhere going people are lined up around
Speaker 3: the block and they're buying all the silver I have,
Speaker 3: and I'm like, it's not my experience in two different states,
Speaker 3: or the phone like, that's not that's not how you know,
Speaker 3: And I and my phone rings constantly. I have a
Speaker 3: full time person just answering the phone. We try to
Speaker 3: get to every call.
Speaker 2: Oriental rugs. I guess, And.
Speaker 3: It's funny, I really and I go. People are always
Speaker 3: asking me like, oh, I guess you're you're selling a
Speaker 3: lot of silver. No, and we can move a lot
Speaker 3: of it. The key factor I think here is that
Speaker 3: and worry. What's helped us is the dollar cost averaging.
Speaker 3: People over at Wolfpack done a great job with this.
Speaker 3: If you just let it sit there, we're going to
Speaker 3: continue to whatever the price is that week, that's right,
Speaker 3: and we just fill that order.
Speaker 4: I mean, I think just.
Speaker 1: Look at it as a slow accumulation. As you point out,
Speaker 1: you're averaging this out over time. You don't have to
Speaker 1: sweat it that you're buying in at one point time
Speaker 1: and maybe I got in at the wrong time or
Speaker 1: something like that. You mentioned constitutional Wolf you said getting
Speaker 1: people people getting that at mel What level is that
Speaker 1: on a monthly.
Speaker 4: It's its own level. It's it's either two fifty or
Speaker 4: five hundred, and you can do one time or you
Speaker 4: can put it on accumulation and those actually get you
Speaker 4: can collectibles in there because I don't have time to
Speaker 4: sort through that. But you get collectibles, you get silver dollars.
Speaker 3: And what I was saying earlier, I was on the
Speaker 3: phone with and it's funny because we've we've never been
Speaker 3: in this situation before.
Speaker 4: These prices are so.
Speaker 3: High that I have to reevaluate how I even look
Speaker 3: at my own the packages, like okay, this, I used
Speaker 3: to think, Okay, we'll put XX.
Speaker 4: And in it. I can't, you know, I remember.
Speaker 3: Save me some shipping costs there right, Well, you know
Speaker 3: it doesn't.
Speaker 2: Yeah, it's a.
Speaker 4: Much I have to figure out too.
Speaker 3: I'm like, you can't just send people one thing, you know,
Speaker 3: Like I try to give some variety, but it's harder
Speaker 3: and harder. You know, if you look at a you know,
Speaker 3: Walking Liberty or Franklin or Kennedy half dollar, I mean, David,
Speaker 3: that's like forty dollars of melt right now, Like that,
Speaker 3: just just that half dollar. We used to be able
Speaker 3: to put that into a lone wolf, and it's over
Speaker 3: forty dollars in melt, just for the halves. And so
Speaker 3: I put a silver dollar yesterday in the Warrior Wolves,
Speaker 3: which like one twenty five, And I think we can
Speaker 3: squeeze out of gold back on top of it's it's
Speaker 3: just insane, and so it's it's harder and harder to
Speaker 3: do what we do, and then you know, finding quality
Speaker 3: variety to put in the packs, and that's just because
Speaker 3: of the price.
Speaker 1: I got a question for you from somebody left on
Speaker 1: X for you yesterday. It is from somebody account called
Speaker 1: non identity. They said, when the US dollar collapses, what
Speaker 1: happens to the money in people's bank accounts? Like Elon
Speaker 1: Musk who says we're not going to have any money.
Speaker 1: It's like, so, why are you so hell bent on
Speaker 1: accumulating a trillion dollar net worth? But what happens to
Speaker 1: his money when when the dollar becomes worthless?
Speaker 2: Everything gets still dollars.
Speaker 4: Yeah, it's a really interesting question. And that kind of
Speaker 4: that kind.
Speaker 3: Of presupposes that they will still hold dollars in the
Speaker 3: last days of the like in the in the final
Speaker 3: act of whatever the dollar's role is right now. And
Speaker 3: I don't think the dollar is going to ultimately collapse
Speaker 3: collapse like over and I don't think it'll have something
Speaker 3: like that. I think it'll be a decline that gives
Speaker 3: people some time to exit. Those people with the golden
Speaker 3: parachutes and you've got to remember too that they have
Speaker 3: to play a certain game. They have to hold a
Speaker 3: certain amount of dollars.
Speaker 4: I believe this.
Speaker 3: Is the way that I think their ticket their acceptance
Speaker 3: at the table of whatever billionaires do. I think they
Speaker 3: have to hold a certain amount of dollars in the system.
Speaker 3: So I think it probably would be an exit right beforehand,
Speaker 3: Like if you want to look closely see where these
Speaker 3: billionaires and others are going up in this timeline, to
Speaker 3: see where.
Speaker 4: You should go.
Speaker 3: And I think they'll be placing more into physical assets
Speaker 3: along in the next two to three years, see massive
Speaker 3: flows out of the dollar and into it could be
Speaker 3: even real estate or I think, but it'll be commodities, yeah,
Speaker 3: and something that's even maybe even two gold back stable
Speaker 3: coin stuff like that.
Speaker 1: Yeah, Because it's like the dilemma that the central banks have,
Speaker 1: right if they don't like holding the dollar, but they
Speaker 1: can't just dump it all at once or they make
Speaker 1: their own holdings worthless, and so it has to be
Speaker 1: a gradual process to get out of that as well.
Speaker 1: And I got some more questions here for you. This
Speaker 1: is from Lutin Milankovic says, should we think about platinum
Speaker 1: it seems low used to be on par with gold.
Speaker 4: Yeah, platinum really surprised me. I hadn't paid attention to
Speaker 4: it in a while.
Speaker 3: I mean I owned some platinum, and my shop has
Speaker 3: inventory of platinum just because we bought it from people
Speaker 3: and just held it. But I remember, for the longest time,
Speaker 3: I would always do you know the platinum spot price.
Speaker 3: I'm like, oh, here, it's eight nine hundred, eight nine hundred.
Speaker 3: It would always be there, like in the eight nine
Speaker 3: hundred two one thousand rained And.
Speaker 4: Then one day I looked up and it's two thousand,
Speaker 4: and it's more.
Speaker 3: I'm like, whoa, whoa, whoa. It just really surprised me,
Speaker 3: And I said, is that right? And I'd go back
Speaker 3: through and recalculate. Yeah, platinum is a is a good play.
Speaker 3: I don't do enough of it. I hold some of
Speaker 3: it just because I mean, long term, any of you
Speaker 3: got to remember, any of these medals, if you can
Speaker 3: physically hold them and buy them at a good price
Speaker 3: and you're not just paying some collectible fee or some nonsense.
Speaker 3: If you can get in there and just hold them
Speaker 3: long term, you're going to make out.
Speaker 4: Okay, Yeah, I mean it's real going to happen.
Speaker 1: It's real and people need to make things out of it.
Speaker 1: I think platinum they need that for these catalytic converters.
Speaker 1: And although I'd be the first to say you don't
Speaker 1: need a catalytic converter, that you actually have to have
Speaker 1: them in these cars. And so as a matter of fact,
Speaker 1: when I cut mine off, it to a shop and
Speaker 1: I was able to sell it because of the platinum
Speaker 1: that was in it. So yeah, there's that guard Goldsmith
Speaker 1: liberty conspiracy, says cold TONI discussed the change and importance
Speaker 1: of the collectible quality of a gold or silver coin
Speaker 1: versus the metal content during rough economic times.
Speaker 3: I love collectible historic coins. It's part of the interest
Speaker 3: of why I like the business that I'm in. But
Speaker 3: you have to be it's like real estate, and it's
Speaker 3: like I see a lot of interesting coins, even non
Speaker 3: gold and silver coins. And I bought coins from the
Speaker 3: Roman Empire at my shops and very old, very old coins,
Speaker 3: you know, the the Spanish silver dollars, the pieces of
Speaker 3: eight and things like that.
Speaker 4: Pirate money. I literally bought, you know, pirate money over
Speaker 4: the years.
Speaker 3: But you have to remember, it's just like anything else.
Speaker 3: Something is worth what somebody will pay for it. So
Speaker 3: if you're interested in historic coins or something like that,
Speaker 3: just make sure you're not going too far into the
Speaker 3: blue sky of you know, ethereal Worth. You know, people
Speaker 3: call me all the time say I looked it up
Speaker 3: online and this quarter is worth ten thousand dollars. I'm like, well,
Speaker 3: maybe it is if you could sell it. I mean,
Speaker 3: and I just you know, that's a it's a very
Speaker 3: small pool of people that do collectibles, and you got
Speaker 3: to know who those people are. And I've been in
Speaker 3: business for ten years and I don't know many people.
Speaker 4: It's so I did, and I haven't been asked. You know,
Speaker 4: no one calls our phone and says, hey, I'm really
Speaker 4: looking for this, you know, eighteen seventy nine gold coin
Speaker 4: and it's you know, it's a Carson City or whatever,
Speaker 4: and I want to pay.
Speaker 3: Nobody really does that. It doesn't mean that it's not
Speaker 3: out there, but I'd be really careful. I think it's
Speaker 3: a good time to buy some of the pre nineteen
Speaker 3: thirty three gold if you know the right people that
Speaker 3: you're not paying too much. That's always a good American
Speaker 3: pre nineteen thirty three gold is always a good play
Speaker 3: I like the five dollars, ten dollars and two and
Speaker 3: a half dollars Indians too. Those are just a really
Speaker 3: iconic looking and beautiful coins. And right now you can
Speaker 3: still get them for closer to the melt price, which
Speaker 3: is insane right now.
Speaker 1: Well, it's kind of like, I guess the comic book thing,
Speaker 1: I had a lot of. I guess I learned how
Speaker 1: to read reading comic books. That's how my mom would
Speaker 1: keep me busy and before I started school. And so
Speaker 1: I've got a lot of really old comic books and
Speaker 1: some of them are supposed to be pretty valuable. But
Speaker 1: you got to find somebody who's going to pay that
Speaker 1: for it, right, That's the real issue. And that's any
Speaker 1: kind of collectible, you know, whether you're talking about, and
Speaker 1: you've got to get it graded so somebody independent party
Speaker 1: has certified you know what this thing is and condition
Speaker 1: it's in, and so you always get into that with
Speaker 1: a collectibles. And I guess my bigger question would be
Speaker 1: if society breaks down, how do you evaluate the purity
Speaker 1: of gold if you're not a dealer? Right, you know,
Speaker 1: when somebody gives you a piece of gold, you got
Speaker 1: the capability to do that but how does ordinary person
Speaker 1: evaluate that this isn't a slug, that it's coded in something.
Speaker 1: If you're trying to exchange with somebody else, right, well.
Speaker 3: I would you can cheaply get a coin book, you know,
Speaker 3: off Amazon. That'd be a great place to start, just
Speaker 3: twenty twenty six guide to US Coins. That's a good
Speaker 3: place because you can especially if it's not bullion, you know,
Speaker 3: you can see, you know, how much it weighs, what
Speaker 3: it would be worth.
Speaker 4: In that climate.
Speaker 3: And then you know, know a few things that you
Speaker 3: could get a rare earth magnet for a few dollars,
Speaker 3: and that's easy, like a little rectangle, get a rare
Speaker 3: earth magnet. Make sure it doesn't pull the magnet. That's
Speaker 3: one way to do it. And then weighing it weight
Speaker 3: is really important. It's like the diameter and the weight.
Speaker 3: Now they have some really good fakes now. And if
Speaker 3: I was this was a you know, a post dollar
Speaker 3: system and I was bothering, I'd make sure that I
Speaker 3: stayed in small denominations. I wouldn't take one ounce gold
Speaker 3: unless I could verify it myself, unless there was some
Speaker 3: verification process. But if you stick to the smaller stuff,
Speaker 3: that's why I think that.
Speaker 2: Okay, sorry audio cut out there for a moment.
Speaker 4: Oh did it? I'm sorry about that.
Speaker 2: That's why I think the smaller stuff here, Okay.
Speaker 4: In smaller stuff would be much better.
Speaker 3: And I do believe too that there that's where the
Speaker 3: pre nineteen sixty five US silver would become very valuable
Speaker 3: because it's hard. I mean those there's very few fakes
Speaker 3: of those. They do fake then, but that you can
Speaker 3: generally tell and about the weight and the patina and
Speaker 3: like the look of them. So that's where that would
Speaker 3: come in really handy to have a good stock of
Speaker 3: pre nineteen sixty five silver.
Speaker 1: That's really important to know. Yeah, I'm looking at this
Speaker 1: article here. Micovery of Robobank is saying exactly the opposite
Speaker 1: of Jerome Pally says the gold move is a vote
Speaker 1: of no confidence in the entire global financial architecture. Yeah,
Speaker 1: it's it's much bigger than just a federal reserve. The
Speaker 1: Ray Dalio said the same thing. It is a global
Speaker 1: situation and nothing is changing about any of that. It's
Speaker 1: only going to get worse, and it's going to get
Speaker 1: worse at an increasing rate. I think we're going to
Speaker 1: see Tony So yeah, it's very important for people to
Speaker 1: understand that. Anything else you want to tell us about
Speaker 1: what's happening at wise Wolf Gold this week besides the snow,
Speaker 1: and got snow, and you got rapidly accelerating prices.
Speaker 2: It's a difficult environment to work in, isn't it.
Speaker 3: It was kind of a blessing to have a few
Speaker 3: days for my crew, especially, they've been I'm really proud
Speaker 3: of them. They've been stretched to their limits, you know,
Speaker 3: trying to balance stuff and and and do packing and
Speaker 3: all the rest. So we're gonna dip our toe back
Speaker 3: into the water officially today.
Speaker 4: We'll see how how things go. But you just keeping
Speaker 4: the doors open.
Speaker 2: I think this.
Speaker 3: You know, we've got wonderful customers. We appreciate your audience,
Speaker 3: and you know it's it's gonna it's gonna balance out,
Speaker 3: I think, and hold for a little while. Very soon
Speaker 3: it'll be some sort of profit taking and other things.
Speaker 3: But I don't I think we're in a territory where
Speaker 3: you know, patience will serve you well making any sort
Speaker 3: of I think big moves right now as far as
Speaker 3: selling or anything, I think if you can hold, if
Speaker 3: you can afford it, I would.
Speaker 1: Yeah, it's not just that's all we've been telling people
Speaker 1: for longest time. It's not just one thing.
Speaker 2: Right.
Speaker 1: If it's just one thing, that one thing could change
Speaker 1: very quickly, But it's a whole constellation of multiple things
Speaker 1: that are coming together all at once and creating this
Speaker 1: perfect storm for the monetary system. And it is the
Speaker 1: time that we live in no doubt about it. Well,
Speaker 1: it's always a pleasure talking to you, Tony, and I
Speaker 1: know the people who have done business with you are
Speaker 1: very happy at this point that they've done business with you.
Speaker 1: And again, you know, have a portion of your wealth
Speaker 1: that's going to be in diversified in something that has
Speaker 1: been stable. And it's not that that gold is getting
Speaker 1: unstable or silver is getting unstable. When we see the
Speaker 1: price is changing, that is really, as we've pointed out,
Speaker 1: that's the reflection of what you're pricing gold and silver
Speaker 1: in being unstable, whether it's the US dollar or some
Speaker 1: other currency. And so what we're looking at here when
Speaker 1: we see these dollar values changing so rapidly, you know,
Speaker 1: it's kind of like a hyperinflation. You've got a loaf
Speaker 1: of bread and all of a sudden, you know, you've
Speaker 1: got to have a lot more somoleans to get that bread.
Speaker 1: I mean, the bread is appreciating in value like that,
Speaker 1: but it's it's that the currency is going down. And
Speaker 1: that's really what we're seeing here, a lot of different
Speaker 1: things coming together, and again I only see it getting
Speaker 1: worse once gets hold of the Federal Reserve. He is
Speaker 1: an agent of chaos and people are going to be
Speaker 1: scared to death about it what he's going to do,
Speaker 1: whether he does anything or not with it.
Speaker 2: But I expect him to do something with it, so
Speaker 2: we'll see I do too.
Speaker 3: I think that's I think it's a foregone conclusion, and
Speaker 3: I think the market's already starting to somewhat price that
Speaker 3: in mm hmmm.
Speaker 1: It's always great talking to you. Thank you so much, Tony.
Speaker 1: And again you can go to David Knight dot Gold
Speaker 1: and that'll take you to Tony at Wisewolf Gold and
Speaker 1: let him know that you came through us.
Speaker 2: Thank you, Tony. Great to talk to you.
Speaker 1: The common man. They created common Core, dumbed down our children.
Speaker 1: They created common Past track and control us, their Commons
Speaker 1: project to make sure the commoners own nothing and the
Speaker 1: communist future. They see the common man as simple unsophisticated, ordinary.
Speaker 1: But each of us has worth and dignity created in
Speaker 1: the image of God.
Speaker 2: That is what we have in common. That is what
Speaker 2: they want to take away.
Speaker 1: Their most powerful weapons are isolation, deception, intimidation. They desire
Speaker 1: to know everything about us, while they hide everything from us.
Speaker 2: It's time to turn that around.
Speaker 1: And expose what they want to hide. Please share the
Speaker 1: information and links you'll find at the Davidnightshow dot com.
Speaker 1: Thank you for listening, Thank you for sharing. If you
Speaker 1: can't support us financially, please keep us in your prayers.
Speaker 1: The Davidknightshow dot Com