WEBVTT 1 00:00:07.160 --> 00:00:09.439 Well, welcome back, and joining us now is Tony Ardeman 2 00:00:09.599 --> 00:00:12.640 and he is at the tip of the spear of 3 00:00:12.640 --> 00:00:14.599 the news right now, because the big news is what 4 00:00:14.720 --> 00:00:17.519 is happening to gold and what is happening to the dollar. 5 00:00:18.320 --> 00:00:20.160 And we just had Jerome Pale and say, oh, there's 6 00:00:20.199 --> 00:00:20.839 no problem. 7 00:00:20.600 --> 00:00:21.120 With a dollar. 8 00:00:22.640 --> 00:00:24.440 That's what I said at the top of the hour, 9 00:00:24.480 --> 00:00:27.239 I said, we have Tony ardaban on. He knows a 10 00:00:27.280 --> 00:00:29.719 lot more than Jerome Powell. Or you know, the alternative 11 00:00:29.839 --> 00:00:31.440 is that Jerome Powell knows a lot more than he's 12 00:00:31.480 --> 00:00:35.280 telling you. He's not being honest with anybody. So Goldman 13 00:00:35.359 --> 00:00:37.759 Sachs is saying, we're looking at the demise of the 14 00:00:37.840 --> 00:00:41.320 dollar and it's just getting started. It's what they said. 15 00:00:41.759 --> 00:00:45.159 And well, last time we talked week ago on Thursday, 16 00:00:46.039 --> 00:00:48.560 what was the price of gold? Was it about forty 17 00:00:49.039 --> 00:00:49.799 forty seven hundred? 18 00:00:49.799 --> 00:00:50.240 What was it? 19 00:00:50.679 --> 00:00:53.719 Yeah, remember somewhere around forty eight hundred and some change, 20 00:00:53.719 --> 00:00:55.520 and it's bounced around a little bit. It's hard to 21 00:00:55.520 --> 00:00:58.359 be exact, but yeah, it was just we were nearing 22 00:00:58.399 --> 00:01:01.079 five thousand. That was the big milestone. Now it's that's 23 00:01:01.119 --> 00:01:03.119 completely off the table. We're going to talk about six 24 00:01:03.159 --> 00:01:05.680 thousand dollars gold it appears. Yeah, I think we've hit 25 00:01:05.719 --> 00:01:08.920 all time highs every single day, even over the weekend. 26 00:01:09.920 --> 00:01:13.799 That was crazy. I saw on Monday. I thought that 27 00:01:13.879 --> 00:01:15.760 can't be right. They said fifty hundred. Is that a 28 00:01:15.799 --> 00:01:18.840 projection from one of these banks. It's like, no, that's 29 00:01:18.879 --> 00:01:21.480 what it hit on Monday, as like, what right? And 30 00:01:21.519 --> 00:01:23.840 then you know, the next couple of days later, I 31 00:01:23.840 --> 00:01:26.480 see it's like about fifty four hundred, fifty five hundred. 32 00:01:26.640 --> 00:01:28.280 Did it get as high as fifty eight hundred? I 33 00:01:28.319 --> 00:01:30.359 think I saw that somewhere Momentarily. 34 00:01:30.439 --> 00:01:34.319 It may be on the futures as far as spot price, 35 00:01:34.359 --> 00:01:36.480 I think we've gone over fifty five and then drop 36 00:01:36.560 --> 00:01:39.159 back down. But it's I mean, we're still we're doing 37 00:01:39.319 --> 00:01:40.599 moving in new territory. 38 00:01:40.680 --> 00:01:42.319 David. Oh yeah. 39 00:01:42.400 --> 00:01:44.959 None of these, even the simulations and the big big 40 00:01:45.000 --> 00:01:47.480 intel that I follow, they haven't they haven't called this 41 00:01:47.480 --> 00:01:50.359 this is this is something completely different. 42 00:01:50.400 --> 00:01:52.159 I would say that it's funny. 43 00:01:52.200 --> 00:01:56.200 Jerome Powell reminds me of Bagdad Bob, remember the Saddam's 44 00:01:57.079 --> 00:02:00.799 his press secretary or whatever you would call the chief 45 00:02:00.840 --> 00:02:03.280 Minister of Information, whatever it was, and he would, I mean, 46 00:02:03.280 --> 00:02:04.280 he would say they're not here. 47 00:02:04.319 --> 00:02:06.680 The Americans aren't here. They're rolling through bag Dad, you know, 48 00:02:06.760 --> 00:02:10.159 in real time. And he's like, we've had no contact, and. 49 00:02:10.639 --> 00:02:13.280 Well, doesn't matter what you're talking about with this administration, 50 00:02:13.360 --> 00:02:16.960 they're all bagdad Bob. I mean, it's whatever the topic is. 51 00:02:17.000 --> 00:02:19.879 They give you a Bagdad Bob line, don't they. 52 00:02:19.960 --> 00:02:20.599 It's crazy. 53 00:02:21.599 --> 00:02:24.400 Yeah, Field currency, I think is a barbarous relic. 54 00:02:24.680 --> 00:02:26.000 Yeah, in our. 55 00:02:25.919 --> 00:02:30.439 Time we'll see John Ayer kains had in reverse. 56 00:02:30.879 --> 00:02:33.039 Well, you could call it a barbarous bubble. I guess 57 00:02:33.400 --> 00:02:37.120 maybe our own little take on this. We had Tucker 58 00:02:37.159 --> 00:02:40.599 Carlson talking to Peter Schiff about bitcoin, whether it be 59 00:02:40.639 --> 00:02:42.319 the new global reserve currency. 60 00:02:42.360 --> 00:02:43.960 Of course, you know Peter. 61 00:02:43.759 --> 00:02:47.400 Schiff has heaped nothing but scorn on bitcoin and crypto. 62 00:02:47.680 --> 00:02:49.960 There's been this ongoing war. I would say, right now 63 00:02:50.240 --> 00:02:53.840 is looking pretty good for Peter Shiff's point of view, Well, 64 00:02:53.840 --> 00:02:54.400 i'd say so. 65 00:02:55.479 --> 00:02:58.199 And I think I think bitcoin right now is probably 66 00:02:58.280 --> 00:03:01.319 the dark horse. It's just south there doing what it does. 67 00:03:01.360 --> 00:03:03.439 It's more like a stable coin at this point. I mean, 68 00:03:03.439 --> 00:03:06.479 it's still trading at eighty five thousand a coin, which 69 00:03:06.520 --> 00:03:09.120 is insane if you know it's history. When I got 70 00:03:09.159 --> 00:03:12.560 into bitcoin, it was four hundred dollars, you know, there 71 00:03:12.639 --> 00:03:15.840 was in twenty sixteen. That's when I first saw the 72 00:03:16.360 --> 00:03:19.159 usage of bitcoin ATMs and then I got me interested. 73 00:03:19.159 --> 00:03:23.039 That's the genesis of wise wolf. So I've been around 74 00:03:23.120 --> 00:03:26.879 a long time Bitcoin to say it's lagging, but I 75 00:03:26.879 --> 00:03:30.840 think where all bets are off, everything's being repriced. Bitcoin 76 00:03:30.879 --> 00:03:33.639 will probably go last because you've got to remember, gold 77 00:03:33.639 --> 00:03:37.319 and silver are the old historical money. They're tied to 78 00:03:38.080 --> 00:03:41.280 the human experience. It's you know, it's biblical, it's inside 79 00:03:41.319 --> 00:03:43.879 of our tradition. So it's obviously going to go first. 80 00:03:44.719 --> 00:03:48.240 And you know, I see a lot of price predictions. 81 00:03:48.280 --> 00:03:51.479 I think some of them are completely irresponsible from some 82 00:03:51.520 --> 00:03:54.319 of these commentators, especially in my space. I don't like 83 00:03:54.360 --> 00:03:57.800 to make price predictions, but I do think that there's 84 00:03:57.879 --> 00:04:00.879 something else is happening. David in a I've been running, 85 00:04:02.000 --> 00:04:05.840 just like for my own curiosity, running the simulations on 86 00:04:06.520 --> 00:04:10.159 what the price of gold would need to be if 87 00:04:10.360 --> 00:04:13.360 the if the major central banks wanted to reprice their 88 00:04:13.400 --> 00:04:17.079 currencies in gold, and it looks like it's it's far 89 00:04:17.199 --> 00:04:18.279 north of what it is now. 90 00:04:18.319 --> 00:04:20.519 But if you take their gold holdings and you wanted to. 91 00:04:20.399 --> 00:04:24.279 Reprice it for their into the money supply, and it's 92 00:04:24.360 --> 00:04:27.720 in north of you know, thirty five forty thousand announce 93 00:04:27.759 --> 00:04:30.199 And I'm not saying that's where we're going, but something 94 00:04:30.279 --> 00:04:30.759 is afoot. 95 00:04:30.800 --> 00:04:31.639 If you wanted. 96 00:04:31.360 --> 00:04:35.160 To to reprice something, this is how you would do it. 97 00:04:35.240 --> 00:04:37.480 And you know, the US, for so long as you 98 00:04:37.560 --> 00:04:40.959 know we've covered this has been a a had a 99 00:04:40.959 --> 00:04:45.000 active role, especially the Central Bank and FED, of suppressing 100 00:04:45.040 --> 00:04:47.399 the price. So I don't think they can do that anymore. 101 00:04:47.439 --> 00:04:49.959 And I think that's clearly going up in the price 102 00:04:50.000 --> 00:04:52.839 of silver, not just gold, but you know, silver is 103 00:04:52.920 --> 00:04:57.399 following gold, and gold's being repriced, Silver's being repriced, and 104 00:04:57.519 --> 00:04:59.879 nothing seems to be a governor on that anymore. 105 00:05:00.399 --> 00:05:03.160 That's right, And you know, it's kind of interesting because 106 00:05:03.199 --> 00:05:05.439 when you look at you know, what is the financial 107 00:05:05.439 --> 00:05:08.160 as system going to go to? Well, the Trump administration 108 00:05:08.439 --> 00:05:11.360 is definitely pushing toward a stable coin, just like the 109 00:05:11.399 --> 00:05:14.199 EU and other places that just want to do CBDC. 110 00:05:14.480 --> 00:05:16.920 You know, their Trump administration is trying to pretend it's 111 00:05:16.920 --> 00:05:23.040 something different than CBDC. But the tether and these stable 112 00:05:23.079 --> 00:05:26.399 coins is so called stable coins are really just a 113 00:05:26.519 --> 00:05:32.480 relabeled CBDC. It has a kind of private public partnership 114 00:05:32.600 --> 00:05:37.279 aspect to it, a kind of fascism corruption thing as 115 00:05:37.279 --> 00:05:39.839 you would expect from the Trump administration. It also helps 116 00:05:39.879 --> 00:05:42.519 them to pretend that it's not the same as CBDC, 117 00:05:42.720 --> 00:05:44.480 but it's a way for them and their buddies to 118 00:05:44.519 --> 00:05:45.639 make money as well. 119 00:05:46.000 --> 00:05:46.920 But we just saw. 120 00:05:48.399 --> 00:05:52.120 Teather just disappear one hundred and eighty million something dollars 121 00:05:52.519 --> 00:05:56.560 out of several Wallas just seized, froze it, sees it 122 00:05:56.759 --> 00:05:59.360 and freeze it, and sees it as what they do right. 123 00:05:59.800 --> 00:06:02.680 And that's a warning to everybody, I think, And as 124 00:06:02.720 --> 00:06:05.680 we look at how things are changing. You and I 125 00:06:05.680 --> 00:06:08.000 have talked for a long time about the warning about 126 00:06:08.560 --> 00:06:11.279 paper gold and paper silver. We don't know that stuff 127 00:06:11.319 --> 00:06:13.279 is for real either. We don't know if they've really 128 00:06:13.319 --> 00:06:15.759 got the gold or silver that's there, and when push 129 00:06:15.800 --> 00:06:17.839 comes to shove, we may find out that they don't 130 00:06:17.879 --> 00:06:21.079 have it, which case, the shares that you've got in 131 00:06:21.120 --> 00:06:26.240 those companies off the Shanghai Gold Exchange just plummet. If 132 00:06:26.759 --> 00:06:30.560 confidence disappears, you are not buying a tenth of an 133 00:06:30.639 --> 00:06:34.560 ounce of gold or silver. What you're buying is shares 134 00:06:34.680 --> 00:06:37.000 in a company that promises that they're going to be 135 00:06:37.040 --> 00:06:40.920 accumulating gold and silver, So physical possession. Whether you're talking 136 00:06:40.959 --> 00:06:44.360 about the so called stable coins, which are not stable 137 00:06:44.439 --> 00:06:48.680 and they're not coins, the way that they can freeze 138 00:06:48.720 --> 00:06:51.639 and seize anything that you've got by design, that was 139 00:06:51.800 --> 00:06:55.920 something that was in the Genius Act that Trump put 140 00:06:55.959 --> 00:06:58.399 through there. So whether you're talking about that, or you're 141 00:06:58.399 --> 00:07:01.480 talking about paper gold or silver or any kind of 142 00:07:01.639 --> 00:07:05.040 tokenized derivative schemes that are coming out of Wall Street, 143 00:07:05.480 --> 00:07:08.879 be very careful about that. And the approach that you 144 00:07:08.879 --> 00:07:11.439 want to take is with physical gold and physical silver, 145 00:07:11.480 --> 00:07:14.480 and that's why what you do, Tony is so important. 146 00:07:16.120 --> 00:07:17.519 Well, I agree with that wholeheartedly. 147 00:07:17.560 --> 00:07:21.720 I think the term is counterparty risk, and that used 148 00:07:21.720 --> 00:07:24.519 to be a lot more acceptable. And it's funny because 149 00:07:24.560 --> 00:07:26.800 the institutions are going first. I always thought it would 150 00:07:26.800 --> 00:07:28.879 be the other way around. I thought that the people 151 00:07:28.920 --> 00:07:32.120 would start to lose faith in the system and rebel 152 00:07:32.160 --> 00:07:34.160 against it from the bottom up. And some of that 153 00:07:34.279 --> 00:07:36.639 is happening. I mean, I think it's more widespread than 154 00:07:36.639 --> 00:07:40.519 it's ever been in my lifetime, especially since nineteen seventy one, 155 00:07:40.560 --> 00:07:43.839 that people are skeptical of the monetary system. But this 156 00:07:43.879 --> 00:07:49.560 has started governmentally across across the world. It's an international 157 00:07:49.560 --> 00:07:54.759 phenomenon of mistrust and reallocation of funds and resources. And 158 00:07:55.199 --> 00:07:58.439 we covered this a few months ago. David I thought 159 00:07:58.439 --> 00:08:01.879 it was a big news that they have the the 160 00:08:02.160 --> 00:08:06.759 storage for gold, physical gold, not only in Shanghai, that 161 00:08:06.800 --> 00:08:11.639 they're starting new storage facilities and moving the exchange there. 162 00:08:11.680 --> 00:08:14.519 I know JP Morgan is taking their gold desks there, 163 00:08:15.560 --> 00:08:16.839 but also in Hong Kong. 164 00:08:17.279 --> 00:08:18.680 I thought that was big news. 165 00:08:18.879 --> 00:08:21.839 And they're building, you know, massive storage facilities just outside 166 00:08:21.879 --> 00:08:24.839 the airport for physical storage. So it's not you know, 167 00:08:24.879 --> 00:08:27.439 the firms that used to control so much of the 168 00:08:27.519 --> 00:08:30.000 paper market and that was just seen. Hey, if you 169 00:08:30.040 --> 00:08:32.039 wanted a hand and you know, or do something in 170 00:08:32.039 --> 00:08:34.600 gold or silver, and as far as following the price 171 00:08:34.720 --> 00:08:36.960 or the spot, this is what you would get into. 172 00:08:37.519 --> 00:08:39.159 You know, there's not a lot of risk here. You 173 00:08:39.159 --> 00:08:41.360 can just don't have to hold the gold or stored anywhere. 174 00:08:41.360 --> 00:08:44.200 You just buy in its spot and you can cash out. 175 00:08:44.200 --> 00:08:46.240 Of course, they'd never pay you in gold or silver 176 00:08:46.320 --> 00:08:48.559 through any of those funds. They would pay you in 177 00:08:48.600 --> 00:08:51.399 fiat if you cashed out because it's just priced against 178 00:08:51.399 --> 00:08:55.360 the spot whatever those medals were. And of course there's 179 00:08:55.960 --> 00:08:58.399 storage is expensive all the rest. But I think I 180 00:08:58.440 --> 00:09:02.879 started to see a trend about three years ago, especially 181 00:09:02.919 --> 00:09:06.879 after the sanctions on Russia backfire. There's this big blowback 182 00:09:06.919 --> 00:09:10.080 that happened with the ruble rebounding, and they started doing 183 00:09:10.120 --> 00:09:13.039 those cross border payments with not only gold but petroleum 184 00:09:13.080 --> 00:09:16.159 and other things with and direct trades with China and India, 185 00:09:16.480 --> 00:09:18.399 and I started thinking, this is this is going to 186 00:09:18.440 --> 00:09:20.639 be interesting as the de dollarization continues. 187 00:09:20.960 --> 00:09:22.559 I started watching these. 188 00:09:22.360 --> 00:09:27.240 Big trades going on that were multinational corporations and governments 189 00:09:27.240 --> 00:09:30.440 starting to pull you know, more gold into the system 190 00:09:30.519 --> 00:09:33.440 physically and then move it around. The repatriation of gold. 191 00:09:33.480 --> 00:09:35.840 I thought it was a big story that didn't get 192 00:09:35.840 --> 00:09:37.440 covered the way it should a lot of these countries. 193 00:09:37.519 --> 00:09:39.960 Yeah, there's a lot of talk about that from Germany 194 00:09:40.440 --> 00:09:43.200 this last week. You know, there's it's not the majority 195 00:09:43.240 --> 00:09:45.360 of position there yet, but you've had a lot of 196 00:09:45.360 --> 00:09:48.399 people from several different parties because they have more than 197 00:09:48.440 --> 00:09:51.519 two parties there, just as they do in most places 198 00:09:51.720 --> 00:09:54.200 other than the US. But anyway, a lot of politicians 199 00:09:54.240 --> 00:09:55.799 that they're saying, we got to get it back. We 200 00:09:55.840 --> 00:09:59.240 can't trust the Federal Reserve. And so if that's their position, 201 00:09:59.360 --> 00:10:01.159 they can't trust the Federal Reserve. And I don't trust 202 00:10:01.200 --> 00:10:03.759 the Federal Reserve either. But I don't think they're going 203 00:10:03.840 --> 00:10:08.679 to disappear Germany's gold. But if that's their position, if 204 00:10:08.679 --> 00:10:12.240 Germany is worried about the Federal reserves vaults in terms 205 00:10:12.360 --> 00:10:15.919 of holding gold, maybe you want to think twice about 206 00:10:15.919 --> 00:10:19.120 putting your money into paper gold and paper silver, hoping 207 00:10:19.159 --> 00:10:22.039 that the Chinese have got the actual stuff to back 208 00:10:22.120 --> 00:10:25.000 up what they're selling you in their vaults in Shanghai. 209 00:10:25.080 --> 00:10:27.559 You might get shanghaied with all this stuff, right. 210 00:10:28.600 --> 00:10:32.399 I think it's inevitable. There's gonna be a cascading series 211 00:10:32.440 --> 00:10:38.399 of events. I believe that will further expose the lack 212 00:10:38.480 --> 00:10:41.360 of accountability here in the next twelve months. 213 00:10:41.480 --> 00:10:41.679 Think. 214 00:10:41.759 --> 00:10:46.360 I think something's going to break because these prices expose it. 215 00:10:46.399 --> 00:10:50.480 If everything's going in chopping sideways, or silver's boring the 216 00:10:50.519 --> 00:10:54.679 way it's been my entire life, it's been like you know, 217 00:10:54.799 --> 00:10:57.000 from you know, nineteen eighty it hit this peak at 218 00:10:57.000 --> 00:10:59.840 fifty two. It took forty five years for it to break, 219 00:11:00.240 --> 00:11:02.840 and then once it broke it. It just off to 220 00:11:02.840 --> 00:11:04.840 the races. We got to remember, we had these these 221 00:11:04.879 --> 00:11:09.039 periods like twenty eleven where silver got close to fifty. 222 00:11:09.399 --> 00:11:12.399 We're trading at fifty and then fell back down because 223 00:11:12.399 --> 00:11:14.320 of the FED was able to step in and calm 224 00:11:14.399 --> 00:11:17.799 things down. Ben Bernanki was the key figure there. He's like, wait, 225 00:11:18.320 --> 00:11:20.000 this isn't gonna happen again. We're not going to do 226 00:11:20.039 --> 00:11:22.840 more tarp funds. We're not going to do massive QI 227 00:11:23.200 --> 00:11:25.919 or bailout things. And it calmed the markets down. Those 228 00:11:26.000 --> 00:11:28.759 days are never coming back, and we're you know, we're 229 00:11:28.799 --> 00:11:31.919 seeing this is the culmination all those years of being boring, 230 00:11:32.559 --> 00:11:35.480 all of those paper trades that were going on and 231 00:11:35.799 --> 00:11:36.759 active suppression. 232 00:11:36.840 --> 00:11:37.120 David. 233 00:11:37.120 --> 00:11:39.519 I mean, I've seen it in real time in my business. 234 00:11:39.559 --> 00:11:42.559 I've seen the suppression through through Wall Street and there. 235 00:11:42.600 --> 00:11:43.519 They can't do it anymore. 236 00:11:43.519 --> 00:11:45.559 I just don't think they have the resources or the 237 00:11:45.600 --> 00:11:49.480 ability to cover the spread or do anything on selling 238 00:11:49.519 --> 00:11:51.879 off major So I think the race is on. 239 00:11:51.960 --> 00:11:53.639 For the for the repricing. 240 00:11:53.919 --> 00:11:56.480 So it was boring, and now we're living in interesting times. 241 00:11:56.799 --> 00:11:57.240 That's right. 242 00:11:57.919 --> 00:11:58.879 It was very boring. 243 00:11:59.000 --> 00:12:01.639 It's kind of interesting this quote on Kickko the headline, 244 00:12:01.720 --> 00:12:05.600 Powell dismisses Goal's rally above fifty three hundred. He says, 245 00:12:05.639 --> 00:12:08.320 the FED is not losing credibility. 246 00:12:10.480 --> 00:12:12.159 And everybody like that Bob moment. 247 00:12:13.159 --> 00:12:17.320 Well, imagine the quote unquote credibility when Trump takes it 248 00:12:17.360 --> 00:12:19.840 over and he is the entire FED and he's going 249 00:12:19.879 --> 00:12:22.399 to tell everybody what to do. That's that's when you're 250 00:12:22.399 --> 00:12:26.000 going to see credibility fleshed out the toilet right there. 251 00:12:26.600 --> 00:12:27.559 But when you're talking. 252 00:12:27.360 --> 00:12:30.279 About interesting times and the radical changes, we've got to 253 00:12:30.320 --> 00:12:33.440 comment here from North American house hipo, he says. Mike 254 00:12:33.480 --> 00:12:36.240 Shedlock said a couple of years ago that if gold 255 00:12:36.279 --> 00:12:39.320 ever hit ten thousand and silver was hundreds of dollars, 256 00:12:39.320 --> 00:12:42.279 he said, it would never happen, but if it did, 257 00:12:42.559 --> 00:12:46.080 you wouldn't want to leave your house. What's your comment 258 00:12:46.120 --> 00:12:49.000 about that, Don Well, I. 259 00:12:48.919 --> 00:12:51.440 Think you'd need a little bit higher number. What anybody 260 00:12:51.759 --> 00:12:54.919 would be blink right now if gold went to six thousand, 261 00:12:55.480 --> 00:12:57.879 and that's the rest of the populace. I mean, obviously 262 00:12:57.879 --> 00:13:01.919 we're in a unique niche space of people paying attention, 263 00:13:02.039 --> 00:13:04.240 but we're talking about this the vast majority of people 264 00:13:04.279 --> 00:13:07.879 don't really know that the historical context of Oh, silver's 265 00:13:08.200 --> 00:13:10.399 you know, at one hundred and eighteen dollars an ounce 266 00:13:10.480 --> 00:13:14.320 or whatever it is today. How insane that is given 267 00:13:14.440 --> 00:13:17.120 our timeline. So I think a lot of things have 268 00:13:17.200 --> 00:13:18.879 to catch up. I mean, gold could go. 269 00:13:18.799 --> 00:13:22.240 To ten thousand in the next year. Would it break 270 00:13:22.279 --> 00:13:24.360 the system? Probably not. 271 00:13:25.159 --> 00:13:27.919 There's just a there's a there's a long way to 272 00:13:28.000 --> 00:13:30.480 go in the repricing of all this. And what does 273 00:13:30.519 --> 00:13:33.360 that even mean? I mean, really, how many for you 274 00:13:33.440 --> 00:13:36.360 to price things in dollars anymore? Do we really know 275 00:13:37.000 --> 00:13:40.000 the true extent of the devaluation that's gone on? Are 276 00:13:40.039 --> 00:13:43.559 we just so psychologically programmed to give these things value 277 00:13:44.279 --> 00:13:46.399 that we continue to do that? And I think that 278 00:13:46.559 --> 00:13:49.759 metric is that's that's what's being worked out right now. 279 00:13:49.759 --> 00:13:54.519 We're in an undiscovered country, you know, a new pricing territory. 280 00:13:54.559 --> 00:13:58.360 This's never happened before because we've never had I mean 281 00:13:58.399 --> 00:14:02.440 that nothing can go back and really historically overlay what 282 00:14:02.559 --> 00:14:05.840 we've done in the last fifty plus years with our currency. 283 00:14:05.879 --> 00:14:09.200 It's never truly gone on or gotten that big. You know, 284 00:14:09.279 --> 00:14:11.879 we never had a fiat currency that was worldwide in 285 00:14:12.039 --> 00:14:17.559 everything and then being you know, de dollarized rapidly, so 286 00:14:17.679 --> 00:14:20.559 We've never seen that before, So I don't know what 287 00:14:20.679 --> 00:14:24.480 pricing strategy. I would say if if silver like some 288 00:14:24.600 --> 00:14:28.519 of these yahoos on I see that, to see a 289 00:14:28.519 --> 00:14:31.519 lot of these commentators, people that want to get clicks 290 00:14:31.519 --> 00:14:33.639 and they'll put on you know, five thousand dollars silver, 291 00:14:34.200 --> 00:14:37.320 you know whatever. I see those people all the time. 292 00:14:37.639 --> 00:14:40.120 If you're that amount, maybe you can't go outside. At 293 00:14:40.159 --> 00:14:42.720 a certain level, it doesn't matter. 294 00:14:43.159 --> 00:14:43.600 You know what. 295 00:14:44.360 --> 00:14:48.679 At a certain level that repricing in dollars is it's 296 00:14:48.759 --> 00:14:49.480 kind of absurd. 297 00:14:51.440 --> 00:14:53.600 And when you look at the global debt, I mean 298 00:14:53.679 --> 00:14:58.559 that's the point that ray Dalia was making at Davos. 299 00:14:58.559 --> 00:15:01.399 He said, maybe we're not looking at de dollarization, but 300 00:15:01.399 --> 00:15:05.559 we're looking at de fiatization, and he sees that as 301 00:15:05.679 --> 00:15:08.440 as something that is you know, certainly would de dollarize 302 00:15:08.480 --> 00:15:10.279 things that would be much broader than that, because it 303 00:15:10.279 --> 00:15:13.360 would include all these other fiat currencies like the euro 304 00:15:13.559 --> 00:15:16.960 and all these other national currencies that are out there. 305 00:15:17.120 --> 00:15:19.120 When you look at the massive amount of debt that 306 00:15:19.240 --> 00:15:21.399 is there and how it just keeps expanding with all 307 00:15:21.399 --> 00:15:24.080 that got another comment here from Steve EVAs he said, 308 00:15:24.519 --> 00:15:27.360 can you sell medals? Is it all buy and hold, 309 00:15:27.399 --> 00:15:31.080 he says, I'm holding. Ask Tony if he isn't buying silver, 310 00:15:31.360 --> 00:15:35.639 healp Impact News thinks that many people aren't buying, or 311 00:15:35.759 --> 00:15:37.720 many gold and silver dealers aren't buying. 312 00:15:38.360 --> 00:15:42.480 Yeah, I know why they're not, but we're still buying. 313 00:15:42.480 --> 00:15:43.039 As a matter of fact. 314 00:15:43.240 --> 00:15:44.879 As soon as we're done with the broadcast, I'm going 315 00:15:44.960 --> 00:15:47.159 to send out prices. But I'm still buying and I 316 00:15:47.240 --> 00:15:50.320 have to, you know, I have to balance between the 317 00:15:50.399 --> 00:15:55.360 percentages that I'll buy back for and my risk, you know, 318 00:15:55.440 --> 00:15:58.000 and also being professional and making sure people get a 319 00:15:58.039 --> 00:15:58.440 good deal. 320 00:15:58.480 --> 00:16:01.399 It's a tough balancing act at this point. 321 00:16:01.519 --> 00:16:03.559 Well, like I said last week before we saw this 322 00:16:03.679 --> 00:16:07.000 explosion this week in the price of metals, I don't 323 00:16:07.039 --> 00:16:09.320 know how you do it. I mean, you're already operating 324 00:16:09.519 --> 00:16:12.679 in a hyperinflation economy, you know, the type of thing 325 00:16:12.720 --> 00:16:16.559 we've always talked about in Argentina or Nazi Germany or 326 00:16:16.559 --> 00:16:19.440 whatever pre Nazi Germany, where you know, the price of 327 00:16:19.480 --> 00:16:23.960 the commodity is jumping massive amounts during the day each day. 328 00:16:24.559 --> 00:16:26.240 And how do you operate in a something like that? 329 00:16:26.279 --> 00:16:26.759 I don't know. 330 00:16:27.320 --> 00:16:30.000 Every I have the shop in Missouri, and they have 331 00:16:30.080 --> 00:16:32.879 the shop in Texas and look at my son's here 332 00:16:32.919 --> 00:16:35.799 in Texas with me, and I'm broadcasting out of my 333 00:16:36.120 --> 00:16:38.320 the worse ice stand. We've been up clothes for days, 334 00:16:38.360 --> 00:16:39.879 by the way, which has given us a little bit 335 00:16:39.919 --> 00:16:43.159 of breathing room. And Branson yesterday when I reopened, I said, look, 336 00:16:43.240 --> 00:16:46.240 let's just pack wolf Pack packages. We can still sell, 337 00:16:46.320 --> 00:16:48.000 but we're not going to buy. And that was the 338 00:16:48.039 --> 00:16:51.720 only time in the history of my shop or since 339 00:16:51.720 --> 00:16:53.639 wise wolf Thro I just gave a blanket order. We're 340 00:16:53.639 --> 00:16:57.039 not going to buy anything. And because people needed to work, 341 00:16:57.039 --> 00:17:00.600 they've been snowed in for days. They we're going to 342 00:17:00.639 --> 00:17:05.839 be buying again. And you know the difficulty is you 343 00:17:05.920 --> 00:17:08.359 have to look at every single thing that you buy, 344 00:17:08.480 --> 00:17:10.920 or every docket of things. I have to figure out 345 00:17:10.960 --> 00:17:12.400 where I'm going to source and where I'm going to 346 00:17:12.480 --> 00:17:15.279 sell it. A lot of times this gets Thank goodness, 347 00:17:15.359 --> 00:17:17.359 I've been able to pass on stuff like that to 348 00:17:17.440 --> 00:17:20.720 Wolfpack people. Any of the Wolfpack members have been getting, 349 00:17:20.720 --> 00:17:23.039 like if you do constitutional Wolf, you're getting stuff at 350 00:17:23.079 --> 00:17:26.079 melt so like I can still I can still buy 351 00:17:26.200 --> 00:17:30.200 ninety percent US silver, which most dealers and then refiners 352 00:17:30.200 --> 00:17:34.160 aren't buying, so I really have no, except for one place. 353 00:17:34.160 --> 00:17:36.640 But it takes three weeks to get paid anywhere to 354 00:17:36.680 --> 00:17:40.119 take ninety percent silver. But that doesn't mean that ninety 355 00:17:40.119 --> 00:17:42.359 percent is not a good long term hold. As a 356 00:17:42.359 --> 00:17:44.000 matter of fact, I think it's one of the best 357 00:17:44.079 --> 00:17:47.000 upside things you can be doing right now. And people 358 00:17:47.039 --> 00:17:50.160 I think are confusing. They're like, well, I held this 359 00:17:50.240 --> 00:17:53.319 silver all this time, why can't I sell now? Well, 360 00:17:53.359 --> 00:17:58.359 you're talking about a bottleneck system where you know, countless 361 00:17:58.359 --> 00:18:00.279 people are trying to do the same thing that you did. 362 00:18:00.279 --> 00:18:03.000 You need to just let it calm itself out, and 363 00:18:03.039 --> 00:18:07.119 then price is for the percentages that for buying will 364 00:18:07.240 --> 00:18:10.000 rise again. But this this market is you know, there's 365 00:18:10.000 --> 00:18:13.119 nowhere for me to sell sterling silver. Does that mean 366 00:18:13.200 --> 00:18:17.799 sterling silver like flatwere knives and jewelry and thing? Does 367 00:18:17.799 --> 00:18:19.680 that mean that is not worth anything? 368 00:18:19.920 --> 00:18:20.519 Of course not. 369 00:18:20.839 --> 00:18:24.640 It just means that the refiners are overloaded, dealers are overloaded. 370 00:18:24.680 --> 00:18:27.759 There's no liquidity right now. But if you give it 371 00:18:27.880 --> 00:18:33.119 enough time, we'll just sort itself out. You know, the 372 00:18:33.279 --> 00:18:37.200 rush to sell. If I'm somebody that's held silver a 373 00:18:37.200 --> 00:18:40.799 long time, you got a few options, But honestly, I 374 00:18:40.920 --> 00:18:43.680 want to see where the price goes and let things, 375 00:18:44.279 --> 00:18:48.200 let things settle out, because I think that they will. 376 00:18:48.279 --> 00:18:51.759 David, we talked about this report and I saw somebody 377 00:18:51.759 --> 00:18:53.359 send it to me and I watched it. 378 00:18:53.359 --> 00:18:55.400 It was at a gold and silver show. 379 00:18:55.599 --> 00:18:57.480 You know, they set these things up like gun shows, 380 00:18:57.559 --> 00:18:59.880 and it's kind of a retail thing. You got a 381 00:19:00.160 --> 00:19:02.240 of retail sellers who are there, and then you have 382 00:19:02.559 --> 00:19:04.359 people come in just like they do it a gun show, 383 00:19:04.400 --> 00:19:06.559 and they're going to buy gold and silver and things 384 00:19:06.559 --> 00:19:08.799 like that. And this guy went around talking to all 385 00:19:08.799 --> 00:19:10.640 the different dealers and he said, so, what's going on, 386 00:19:10.720 --> 00:19:14.599 is said, well, nobody's buying silver. Everybody wants to sell silver. 387 00:19:15.359 --> 00:19:18.559 And that was last summer. Everybody wanted to sell it. 388 00:19:19.160 --> 00:19:22.319 And they said, yeah, that the institutions can't get enough 389 00:19:22.319 --> 00:19:25.039 of it, but the retail trade doesn't want to buy 390 00:19:25.079 --> 00:19:29.000 any of it. And they're also feeling economic pressure in 391 00:19:29.079 --> 00:19:31.279 terms of yeah, I need the money right now. So, 392 00:19:31.720 --> 00:19:33.799 you know, it was kind of an interesting thing, especially 393 00:19:33.799 --> 00:19:38.680 when you look at this some of these people. If 394 00:19:38.720 --> 00:19:41.680 these dealers said I can't buy anymore right now whatever, 395 00:19:41.720 --> 00:19:44.319 they're probably regretting that. And the people who sold it 396 00:19:44.400 --> 00:19:47.720 last summer we probably regretting it as well. It's amazing 397 00:19:47.720 --> 00:19:50.519 because that was just before it took off like a rocket. 398 00:19:51.000 --> 00:19:53.960 Well, and people thought that sixty was the top and 399 00:19:54.039 --> 00:19:56.279 seventy was the top, and I thought, I kept saying, 400 00:19:56.359 --> 00:19:58.359 I don't you know, Look, I can take your stuff. 401 00:19:58.440 --> 00:19:59.839