Speaker 1: Tony is now is Tony Orderman of why is Wolf Gold?
Speaker 1: And of course you can get there by going to
Speaker 1: David Knight not Gold. Now, let Tony know that you
Speaker 1: came through us. It's been a really amazing week. Yet
Speaker 1: again every week we say this, but every week there's
Speaker 1: been a lot of movement back and forth in the
Speaker 1: metals as well as in the economy. What's on your mind,
Speaker 1: Tony as you look at the developments this week.
Speaker 2: Well, the IMF just put out a statement that the
Speaker 2: world economic order is going through a reset. So news
Speaker 2: slash there, the IMF is is broadcasting that, yeah, we're
Speaker 2: the minetary system is being reset.
Speaker 3: For sure, there's open questions.
Speaker 2: You know. The way I look at the news, I'm
Speaker 2: sure it is similar to the way you look at
Speaker 2: the news. It's it's not really the headlines, it's the
Speaker 2: underlying language and meaning behind them. I noticed that there's
Speaker 2: two opposing things here in these headlines. With gold, you
Speaker 2: have Chinese investors. It's like a record breaking first quarter.
Speaker 2: They were like twenty three tons of gold for Chinese investors,
Speaker 2: but the Chinese government just sold off a million ounces.
Speaker 2: It's like almost a record high for selloffs. It's profit taking.
Speaker 2: But I hang a question mark over at David, because
Speaker 2: you know, we have some trade tensions whatever that I'm
Speaker 2: putting this in quote trade negotiation tensions that have been laxed.
Speaker 3: I'm wondering if there's some sort of.
Speaker 2: Again, I have no confirmation to this, but I'm asking.
Speaker 2: I'm wondering if there is some sort of quid pro
Speaker 2: quo to take the accelerator off this This gold price
Speaker 2: and the Chinese are helping with that. Gold price is
Speaker 2: continuing to show the weakness of the dollar, which is
Speaker 2: catastrophic for the US system. I wonder if there's some
Speaker 2: sort of hey, you know.
Speaker 3: Take some profit. You're up.
Speaker 2: You know, God started buying gold in the early part
Speaker 2: of the only for a century and massive quantities for
Speaker 2: the Chinese. I wants to taking a little profit and
Speaker 2: helping the US dollar out just an open question.
Speaker 1: Yeah, they don't want to. They don't want to have
Speaker 1: a week dollar because that makes our exports cheaper and everything.
Speaker 1: You know, Trump is trying to weaken the dollars. We've
Speaker 1: talked about before. You know, not only is he raising
Speaker 1: tax as the terrace, but he's also weakening the dollar.
Speaker 1: And that's the game that they've always played as part
Speaker 1: of the Chinese price is currency manipulation. So they're well
Speaker 1: aware of how to do it, and they're well aware
Speaker 1: that they can do it to the US dollar as well.
Speaker 1: You know, Scott Bessant talked about how he wants to
Speaker 1: knew Bretton Woods and everything, and so you know, absolutely
Speaker 1: the restructure of the financial system is on the table
Speaker 1: and you have to look at this and wondering how
Speaker 1: how's it going to roll out? And I mentioned earlier
Speaker 1: that you know, Tether is talking about how they are
Speaker 1: already the largest exporter of US dollars, and I think
Speaker 1: we've talked about this, said, well, one way that they
Speaker 1: can bypass obstruction from foreign governments that don't want to
Speaker 1: buy into the end of the dollar is to go
Speaker 1: directly to the individuals in those countries. And now they're
Speaker 1: saying that openly that that is their intention to do
Speaker 1: that with a stable coin. That will set up a
Speaker 1: stable coin that transacts in US dollars, and of course
Speaker 1: the stable coin will also buy the treasury bills that
Speaker 1: the foreign governments don't want anymore. So be a way
Speaker 1: of selling the American debt to foreign individuals. If you
Speaker 1: can't get the foreign companies countries to buy it.
Speaker 2: We colormy skeptical on that working out very well for anyone,
Speaker 2: you know, a public private partnership in some way using
Speaker 2: the dollar in a stable coin setting. That may sound
Speaker 2: good on paper, I don't know how that would translate.
Speaker 2: I think there's too many moving parts for it to
Speaker 2: work on an international scale, and I don't think it
Speaker 2: was designed for that. Now, this is ti you're talking
Speaker 2: about government to private business or to assumed private entity,
Speaker 2: so that there's all sorts of pitfalls there, and it
Speaker 2: may be I keep looking at it the same way
Speaker 2: you do, David. It's like the stable coins are an
Speaker 2: outlier in the crypto world, and it's seemingly more and
Speaker 2: more adoption by governments at least working with them or
Speaker 2: looking for regulation or how to implement them in conjunction
Speaker 2: with their own currencies.
Speaker 3: And that's really alarming.
Speaker 2: I think you look at something like the US dollar
Speaker 2: where the back door for central bank digital currency, as
Speaker 2: you and I have, I think we're right about this,
Speaker 2: that that is the platform, that's the path, is to
Speaker 2: use these seemingly innocuous coins that are in the cryptosphere
Speaker 2: to usher in a central bank digital currency, and you
Speaker 2: can just say, hands, well, we're not This isn't coming
Speaker 2: from the FED necessarily, it's just mirroring the currency of
Speaker 2: the federal There's too many there's too many red flags
Speaker 2: for me to even remotely be supportive of something like this.
Speaker 1: Oh I don't see it.
Speaker 2: Yeah, well, you know, I don't see it working out
Speaker 2: well for investors, and I don't see it working out
Speaker 2: well for those who use the US dollar.
Speaker 3: I keep asking why why would they do?
Speaker 1: Oh yeah, absolutely, I think that it is their stealth
Speaker 1: way of doing a CBDC. And I've said that from
Speaker 1: the beginning. Now we've got a Treasury report that just
Speaker 1: came out, and the Treasure report says that they think
Speaker 1: the stable coins are on track for a two trillion
Speaker 1: dollar market cap by twenty twenty eight, and they say
Speaker 1: that right now it's about two hundred and thirty. Okay,
Speaker 1: so you're looking at a factor of ten tenfold in
Speaker 1: just the next three years. And this is the US Treasury,
Speaker 1: and they're talking about this in terms of how they're
Speaker 1: going to get rid of their Treasury bills. But at
Speaker 1: the same time, coin Telegraph is talking about the fact, well,
Speaker 1: you know, this has been We've been a big exporter
Speaker 1: of dollars with these stable coins, but now we're looking
Speaker 1: at using them domestically. And they said, and we're talking
Speaker 1: to law enforcement about that. I mean, everything is lining
Speaker 1: up there, Tony, that this is the public private partnership
Speaker 1: for a digital currency. They just won't call it a
Speaker 1: central bank digital currency, but it'll be the same function
Speaker 1: except that they'll get rich off of it. You know,
Speaker 1: the Trump people and Lutnick and all the rest of
Speaker 1: these people get rich off of it. But it is
Speaker 1: shaping up to have the same functions. That was a
Speaker 1: big red flag when Joe Biden was saying, Hey, we're
Speaker 1: going to have a central bank digital currency, and so
Speaker 1: first of all, let's figure out how we're going to
Speaker 1: redesign the financial system, how we're going to write the code,
Speaker 1: and then we need to talk to law enforcement about
Speaker 1: this and how they're going.
Speaker 3: To force me.
Speaker 1: And so now you've got coin Telegraph how they're talking about.
Speaker 1: So now they're having talks as to how they are
Speaker 1: going to it. Says collaborate with law enforcement in terms
Speaker 1: of putting out tether uh. And this is the company
Speaker 1: that Lutnik had so much involvement in he supposedly is
Speaker 1: now stepped away from it and divested himself. But yeah, right,
Speaker 1: you know whatever I mean to me, it's just it's
Speaker 1: just rapidly rapid escalation toward a CBDC.
Speaker 3: So what it looks like, Yeah, I concur with that.
Speaker 2: And one of the things that would make me even
Speaker 2: more skeptical is, like you just mentioned the the market cap.
Speaker 2: Let's look, let's think about that. You're talking about an
Speaker 2: eventual two plus trillion dollar market cap in a currency
Speaker 2: that inherently has no value. That's what So Bitcoin's uh
Speaker 2: market cap goes up when the price goes up because
Speaker 2: there is a finite amount of bitcoins. So even if
Speaker 2: you don't like bitcoin, you have to recognize that if
Speaker 2: a bitcoin sells for a higher price, the market cap.
Speaker 3: Continues to rise.
Speaker 2: So it's about I think it's one point seven trillion
Speaker 2: right now for bitcoin. I could be wrong, it's right
Speaker 2: around there, and silver is probably like one point five trillion,
Speaker 2: but silver price and market cap fluctuates. So what would
Speaker 2: it What would entail a ten x market cap increase
Speaker 2: for a stable coin that inherently has no value?
Speaker 3: Really?
Speaker 2: But the was it just the increase in its own
Speaker 2: money supply, is that what it is, or it's it's
Speaker 2: holdings of treasuries again, but.
Speaker 3: No holding treasuries.
Speaker 1: Yeah yeah, I mean they create these treasuries, they print
Speaker 1: the dollars. It's all fiat, it's all but you know,
Speaker 1: so they just roll this in. It's it's kind of
Speaker 1: another it's just another kind of uh, you know, derivative
Speaker 1: really on the US dollar, it's what they're talking about.
Speaker 1: But I mean, it looks like they're really seriously moving
Speaker 1: towards this when you got treasury reports talking about that. Amazing.
Speaker 1: It's not stable if it's tied to the dollar treasury bills,
Speaker 1: it's not stable. It's not a coin, of course, either,
Speaker 1: none of these things or outs.
Speaker 2: But I think this is how buvesy Seagulls sold Las Vegas.
Speaker 2: They just just kept selling, kept selling the stock and
Speaker 2: you know, ways to invest in over sold it. That's
Speaker 2: that's nothing new under the sun. That sounds to me.
Speaker 2: I've heard this movie. I've seen this movie before. I've
Speaker 2: heard this story.
Speaker 3: Oh yeah, yeah, so.
Speaker 1: We've seen gold with some profit taking and that type
Speaker 1: is the massive stuff as you point out in China.
Speaker 1: So it was up over thirty five right was the
Speaker 1: high that I got to. Now it's down what around
Speaker 1: in the thirty three hundred somewhere.
Speaker 2: And right as of right now, it's three two and
Speaker 2: twenty six lb n ls van Bankster notes per troyons.
Speaker 2: And I think that that is mostly profit taking, something
Speaker 2: stalled out. But I don't see it's trending. I don't
Speaker 2: see like a big sell off anytime soon day. And
Speaker 2: I think there's some there's some profit taking of the
Speaker 2: World Gold Council point out even this first, investors just regularly,
Speaker 2: not just government's but investors are running towards physical gold,
Speaker 2: and of course the big chunks of that are they
Speaker 2: think they're buying physical gold, they're buying ETFs. But I
Speaker 2: noticed another factor there that was interesting is that jewelry
Speaker 2: demand was down in the first quarter. It's just a
Speaker 2: lot of people buying physical bullion and investors, but the
Speaker 2: price of gold going up so high that jewelry is
Speaker 2: being put on the back burner for purchases. People may
Speaker 2: be waiting for prices to come down or sell offs
Speaker 2: or something like that. I don't think it. I don't
Speaker 2: think they're going to see once we've crossed three thousand David.
Speaker 2: I think they we're going to be there for a
Speaker 2: while and then it's upwards and onwards. At that I'm
Speaker 2: seeing an increase in urban gold mining. You hit these prices,
Speaker 2: people start looking around for scrap gold. It's worth it's
Speaker 2: worth selling, especially if if you paid for a big
Speaker 2: price for some jewelry at one time, maybe ten fifteen
Speaker 2: years ago, you're certainly going to get your money back
Speaker 2: at this point.
Speaker 1: Yeah. Yeah, Well, I think a lot of this, again
Speaker 1: is hinging off of Trump's actions, and it's so unstable
Speaker 1: that of course it's created some instabulity even for something
Speaker 1: like old But I think the fundamentals are nothing has changed.
Speaker 1: It's just like what we said in anticipation. After Trump
Speaker 1: has liked it, everybody was like, oh, that's it, it's
Speaker 1: over for gold. Everybody's going to move towards bitcoin out.
Speaker 1: I don't think that's going to be the case. But
Speaker 1: what we're seeing is is he's starting to retrench from
Speaker 1: some of this stuff. It's starting to have an effect
Speaker 1: in some of the markets. But I think that people
Speaker 1: are going to realize that he's not really going to
Speaker 1: retrench from that much of it, and when the consequences
Speaker 1: of what are going to be happening with essentially sanctions
Speaker 1: now being acted on the United States from China. That
Speaker 1: has yet to be felt. As I talked about the
Speaker 1: other day, it takes thirty to forty five days for
Speaker 1: the goods that would be in transit from China to
Speaker 1: get here, So we haven't felt the effect of that yet,
Speaker 1: and we're going to be feeling that not too far
Speaker 1: in the future. Once that starts to happen. It's just
Speaker 1: like once they start creating inflation by printing money up,
Speaker 1: sometimes they can't stop it. You know, It's like, Okay,
Speaker 1: that's enough, let's pull it back, and then it's got
Speaker 1: a thing. It's on its own. I think that's going
Speaker 1: to be the case with the economy in general. So
Speaker 1: that's why I think fundamentals have not really changed. No
Speaker 1: matter how many times Trump changes the tariffs, as long
Speaker 1: as he keeps them on, it's still going to be
Speaker 1: playing havoc on the supply chain and on the economy.
Speaker 1: And I think it's going to be reflected in that.
Speaker 2: Yeah, the trajectory for dedollarizations all still there, David, And
Speaker 2: you're writing in the fundamentals for the underlying causations for
Speaker 2: a week or dollar in the decline of the dollar
Speaker 2: are all right there, and those are increasing. The debt
Speaker 2: is increasing, the liabilities are increasing, and then the usage
Speaker 2: of the dollar is decreasing the same time. So those
Speaker 2: are not good the outliers and signposts on the road
Speaker 2: ahead for the United States monetary system and for the
Speaker 2: dollar itself. The world is moving away from that. In
Speaker 2: my opinion, gold has already supplanted the dollar. And I've
Speaker 2: said that before. I already think it's the world reserve currency.
Speaker 2: This time that's just using it's in name only using
Speaker 2: other currency for cross border payments, but not holding them.
Speaker 2: You know, I really will remind you, know your audiences
Speaker 2: are remind mine is that the number two held asset
Speaker 2: by central banks is gold. It used to be the
Speaker 2: euro and gold was way down. It was, you know,
Speaker 2: other currencies. But since twenty twenty one in Basel, Switzerland,
Speaker 2: when Basil three, when they redid the Bank of International
Speaker 2: Settlements to put gold as a Tier one asset instead
Speaker 2: of a Tier three asset, the central bank started holding gold.
Speaker 2: And that's happening. And again you look at the dumping
Speaker 2: of treasuries by the Chinese. They used to be the
Speaker 2: biggest buyer. Now they're the biggest seller. These strenths continue,
Speaker 2: they're going to continue, and you know, you can have
Speaker 2: like we can come week to week, and this week
Speaker 2: we're not talking about an all time high in gold,
Speaker 2: which is unusual for us because after the you know,
Speaker 2: going into this, you know, the election, after inauguration Day
Speaker 2: it started, you know, this trend started to reverse. Well,
Speaker 2: crypto went down, and like you mentioned, gold and silver
Speaker 2: went back up. But we're still at thirty two hundred
Speaker 2: plus dollars and ounce for gold, which you know, if
Speaker 2: I think if you told us a couple of years
Speaker 2: ago what that price would be, I'd be pretty shocking.
Speaker 2: And now it's just normal. And I think you're going
Speaker 2: to continue to see there's going to be profit taking
Speaker 2: and other things, but the fundamentals and underlying issues.
Speaker 3: What's wrong with our currency.
Speaker 2: Whether there's this, whether they build a lifeboat and some
Speaker 2: stable coin and you know, dress it up and try
Speaker 2: to repackage it, it doesn't really matter. It's uh, you know,
Speaker 2: the trend is moving away from the dollar worldwide. We're
Speaker 2: going to see these prices that are going to increase
Speaker 2: in gold. I don't know what the number is going
Speaker 2: to be but it'll be higher.
Speaker 1: I agree.
Speaker 3: Yeah.
Speaker 1: When you look at this report they came out from
Speaker 1: the Treasury, I mean they said in their report that
Speaker 1: stable coin promises to create quote a new financial market infrastructure.
Speaker 1: I mean, they're pretty much saying that they're putting all
Speaker 1: their eggs into that basket. They said stable coin collateral
Speaker 1: reportedly consists of either Treasury bills or Treasury backed repurchase
Speaker 1: agreements the repot market. I mean, they can't even throw
Speaker 1: their repost stuff in there, Tony. I guess that's how
Speaker 1: they get to two trillion dollars. To remember when that
Speaker 1: was happening, when we were talking about that in the
Speaker 1: fall of twenty nineteen. You know, they're throwing in massive
Speaker 1: amounts of fiat currency equivalent to the gross domestic product
Speaker 1: of Switzerland, you know, and just one transaction. And you know,
Speaker 1: so now they can do that into the stable coin thing.
Speaker 1: They can throw in the t bills, they can throw
Speaker 1: in the repost stuff, they can you know, it's all
Speaker 1: their garbage going into this this derivative, right they call
Speaker 1: a stable coin, and it'll be interesting to see what happens. See,
Speaker 1: that's the thing. I look at this stuff and Like
Speaker 1: I said, privacy is priceless. And we know that they're
Speaker 1: going to restructure the financial system, and we know we
Speaker 1: don't want to be a part of it. It's going
Speaker 1: to have you know, they're working with law enforcement now
Speaker 1: to track everything that people got. They're going to have
Speaker 1: new functions of smart contracts and other things like that
Speaker 1: that are going to be the way that they can
Speaker 1: apply these central bank digital currency operations to you to
Speaker 1: stop you from buying something, to monitor everything that you're buying,
Speaker 1: on and on. So all all those functions the CBDC
Speaker 1: are there. The lack of privacy and financial transactions is there,
Speaker 1: and and to me that is the key of trying
Speaker 1: to get outside of all that stuff.
Speaker 2: Well, I agree, and you know, you look at the
Speaker 2: economic conditions too or right for them to introduce this
Speaker 2: this crisis in the you know, the crisis needs a solution.
Speaker 2: They bring that in as problem reaction solution, and I
Speaker 2: think that's that's what they're waiting for. And it's maybe
Speaker 2: perhaps you could use the term controlled demolition kind of
Speaker 2: a Building seven scenario for the US currency.
Speaker 3: It's not good.
Speaker 2: You know, you mentioned earlier this week on the show,
Speaker 2: I caught a segment where you were talking about how
Speaker 2: it actually would be better. I mean, we better off
Speaker 2: in the long term if we weren't the world's reserve currency,
Speaker 2: because it would the leverage that the ruling class has
Speaker 2: over us with this to get us into wars, to
Speaker 2: expand the welfare state and the police state and the
Speaker 2: surveillance state. It's seemingly and pay people off and bribe
Speaker 2: people and all the rest. It's pure evil, and they've
Speaker 2: gotten away with it for so long. But if you
Speaker 2: had to be fiscally responsible and even remotely fiscally responsible,
Speaker 2: a lot of those things are curtailed, and I agree
Speaker 2: with that. There'd be some short term pain, but long
Speaker 2: term that would be we'd be better off because we're
Speaker 2: in this fix because of unlimited, seemingly unlimited currency creation.
Speaker 2: But they can't go on forever. I mean the mathematics,
Speaker 2: I think we're just reaching a tipping point. And you know,
Speaker 2: it's if you're in my business, it's like all the
Speaker 2: time the sky is falling it, but so one day
Speaker 2: it is. I mean, if you're a goldbug, you start
Speaker 2: looking at these n how does the US economy survive this?
Speaker 2: It's like eight or nine, So how do we survive
Speaker 2: tarp and bailing out banks and well, we survived it
Speaker 2: for a while, but those wounds, those things are still
Speaker 2: there when there's still you know, hundreds of zombie corporations
Speaker 2: and things that are left over from that. We still
Speaker 2: we never recovered from eight oh nine. It's just an
Speaker 2: expansion of the money supply and the debt are ever increasing.
Speaker 2: Like you mentioned, you know, this is going back to
Speaker 2: twenty nineteen, last quarter of the repo markets that we
Speaker 2: talked about six trillion in the overnights that were just
Speaker 2: out of thin air.
Speaker 3: That's leading up to COVID nineteen eighty four.
Speaker 2: Remember that, and it's burned into my mind because I
Speaker 2: I was watching it very closely. We're in a different
Speaker 2: world now though, I mean, the debt is exploded and
Speaker 2: now the geopolitical tensions are their trade issues all that.
Speaker 2: You're right though, at the end of the day, that's economic.
Speaker 2: But the end of the day, why do we you know,
Speaker 2: to talk about gold and silver and crypto Every week
Speaker 2: here on the show is to talk about privacy and
Speaker 2: how you can be outside of the system. And fortunately
Speaker 2: for us in this country, we still have the ability
Speaker 2: to take fake Fiat dollars and turn them into actual
Speaker 2: real money, and you can you can hold that in
Speaker 2: your hand and you can become your own bank, You
Speaker 2: can be your own you know, you can be in
Speaker 2: charge of your own financial destiny, especially in charge of
Speaker 2: your own privacy as well.
Speaker 1: Yeah, it's always you know, their geopolitics and whether we
Speaker 1: wanted to even domestically is always tied together with all
Speaker 1: of this. You know the financial aspects of it, of course,
Speaker 1: and it's going to be a real painful situation, but
Speaker 1: we would be better off without the dollar, that without
Speaker 1: our government being able to just print dollars out of
Speaker 1: thin air and have to be accountable for They were
Speaker 1: the only country that can do that, and that's been
Speaker 1: our superpower. And because we've used that as a superpower
Speaker 1: and we've used it as a weapon, now we've got
Speaker 1: a lot of enemies who are looking at how they
Speaker 1: can take down our financial system, and you know that
Speaker 1: they're all working to do that, and it shouldn't be
Speaker 1: that hard, quite frankly. And then you've got people inside
Speaker 1: the Trump administration like Eric Trump who went to Dubai
Speaker 1: and he's speaking to all of these crypto conferences and everything,
Speaker 1: but he's telling people. He says, there's not going to
Speaker 1: be any private banks in ten years. Sounds just like
Speaker 1: Joe Biden and this EVDC stuff. But it's there going
Speaker 1: to be their stable coin. I think that's going to
Speaker 1: be out there to.
Speaker 3: Do that says the same outcome. Yeah, exactly, a different team.
Speaker 2: Outcome, same goals. You know, it's a freedom city versus
Speaker 2: a fifteen minute city.
Speaker 3: Yeah, same thing.
Speaker 2: Yeah, that's what we're up against. And you know it's
Speaker 2: interesting because I do it's at least until I changed
Speaker 2: my mind, still an advocate of bitcoin, and my company
Speaker 2: deals with bitcoin and we have a way to go
Speaker 2: back and forth out of metals and you know, vice versa.
Speaker 2: So I'm still watching that really closely. And I think
Speaker 2: it's a good technology. But I like diversification, but most
Speaker 2: importantly I like decentralization and more centralized these things become,
Speaker 2: or the proposals for centralization of tokens, the more I
Speaker 2: will oppose it. I don't see the need for it.
Speaker 2: I mean, there's so many cryptocurrencies.
Speaker 1: And see that's the thing that Eric Trump is trying
Speaker 1: to sell that he says, yeah, we got to get
Speaker 1: into DeFi well, that's not decentral it's just changing who
Speaker 1: controls it really, you know, because what he's talking about
Speaker 1: is with his uh, you know, their scheme of the
Speaker 1: world liberty thing, you know, which is you've got a
Speaker 1: lot of these closely held, centrally controlled currencies that they
Speaker 1: want to put into in charge of this stuff, and
Speaker 1: then they want to call it decentralized finance. And ye know,
Speaker 1: so he's talking about something that's different from Bitcoin or
Speaker 1: some of these other cryptocurrencies they're talking about. When he
Speaker 1: talked about his Bitcoin reserve, Trump was mentioning some pretty small,
Speaker 1: closely held transactional cryptocurrencies, very centralized control. So we're not
Speaker 1: talking about to call it DeFi a is a lie,
Speaker 1: it's a misnomer. It's just going to be that you're
Speaker 1: going to have a different group of people controlling it centrally.
Speaker 2: Well, right, and with the Bitcoin network itself, it's never
Speaker 2: meant to have. It never was meant to be what
Speaker 2: it's going on right now with these ETFs. And I
Speaker 2: noticed that even with the dips and the price stagnation
Speaker 2: because one hundred and eight thousand for bitcoin after on
Speaker 2: inauguration Day and his dip since then and has went
Speaker 2: down and I think into the high seventies, and then
Speaker 2: we stayed in the mid eighties for a while.
Speaker 3: But company like.
Speaker 2: Michael Saylor continues to accumulate, and black Rock continues to accumulate.
Speaker 3: Larry fan from Blackrock, and it's.
Speaker 2: You know, if you're in the bitcoin space, that people
Speaker 2: talk about Larry Fink like he's helping you, and I
Speaker 2: don't see it that way.
Speaker 3: I think he's I think he's telling you something.
Speaker 2: He's always He's always telegraphed a very weird things to me,
Speaker 2: especially like when Blackrock starts buying up all the residential housing.
Speaker 2: And at the same time, Larry Fink would say stuff
Speaker 2: like we in the financial sector can alter behavior, like
Speaker 2: financial policies can alter social behavior.
Speaker 3: And I think that's a clear message from him.
Speaker 2: But he said something about bitcoin that I didn't think
Speaker 2: they got the wrong kind of attention. He said that
Speaker 2: in the world economic for him, he said that bitcoin
Speaker 2: would hit seven hundred thousand. He said this a couple
Speaker 2: of different times, and if you do the calculations, that
Speaker 2: means that basically bitcoin would be on parody with the
Speaker 2: market cap of gold.
Speaker 3: And I'm not.
Speaker 2: Exactly sure how that plays out or what that means
Speaker 2: for somebody like Blackrock or the I mean, I look
Speaker 2: at all the different companies that hold these things now,
Speaker 2: but it's accumulation and so there's a disproportional holding of
Speaker 2: bitcoin by these large institutions. To me, it's great short
Speaker 2: term for the price, but I'm not sure that the
Speaker 2: price is going to be worth it where there's going
Speaker 2: to be something that they do with bitcoin. And I'm
Speaker 2: floating this out there. I'm long term for bitcoin, but
Speaker 2: I think there's something they're going to do. And when
Speaker 2: you're paying attention to the language of somebody like Larry Fink,
Speaker 2: so that that is the hijacking of a coin in
Speaker 2: my opinion, because he's telling you it's kind of like
Speaker 2: Babe Ruth pointing towards the not even like that because
Speaker 2: Ruth had to actually hit the ball. I think there's
Speaker 2: there's something. There's something with that message. This is the
Speaker 2: kind of when he says things like that, I pay
Speaker 2: attention because I'm like, that's not for me. It's not
Speaker 2: about the price, It's about what what are your intentions
Speaker 2: for that price? So there's something else going on, And
Speaker 2: you know, with the stable coins and the move towards centralization.
Speaker 2: That's what we have, that's what we have to oppose. It's,
Speaker 2: you know, things that should always be decentralized in order
Speaker 2: to have any sort of sovereignty. And the whole purpose
Speaker 2: and philosophy behind bitcoin was to be decentralized. So when
Speaker 2: you start hearing them talk about more centralization, be skeptic.
Speaker 1: Yeah, when they label things as DeFi or just as
Speaker 1: scripto or whatever, you know, you have to be discerning
Speaker 1: to understand the difference between these different things. Let's talk
Speaker 1: a little bit about gold and silver, and you know,
Speaker 1: you have some that see silver coming up. Look at
Speaker 1: this unbelievable ratio that's there. But the World Bank now says,
Speaker 1: you know, they're moving away from their position that silver
Speaker 1: is going to rise up. They say, no, it looks
Speaker 1: like it's going to be gold. And you've got on
Speaker 1: Kitko and other places, you've got multiple people out there,
Speaker 1: some of them saying, well, I think if we keep
Speaker 1: going down the road the way the economy is going,
Speaker 1: I think you're going to see four thousand dollars gold
Speaker 1: pretty soon. You got Clem Chambers saying a supply chain
Speaker 1: shock could send gold to ten thousand dollars an ounce
Speaker 1: what do you think is going to happen with a
Speaker 1: supply chain shock that is on its way. It's just
Speaker 1: a couple of weeks off shore before getting here. The
Speaker 1: supply chain shock is going to hit from the earthquake
Speaker 1: on the La Coast and it's start coming across. What
Speaker 1: do you think that's going How's that going to affect gold?
Speaker 3: Well?
Speaker 2: I think it will because it'll have an immediate impact
Speaker 2: on the economy and outlook. And you know how everything works,
Speaker 2: it's mostly psychological. It's sometimes it's like the tariffs, they
Speaker 2: aren't even implemented, and you see these weird swings that
Speaker 2: are back and forth, and Trump's going to put this on.
Speaker 2: It's going to put it fifty percent. Now it's twenty
Speaker 2: five and the market whip saw. So it's mostly psychological.
Speaker 2: It's not even based off of reality. I think that
Speaker 2: gold will and I happen to. I happen to agree
Speaker 2: with that assessment from the World Bank, at least in
Speaker 2: the short term, because I think gold because governments use
Speaker 2: it as a monetary medal. And you know, I read
Speaker 2: the Readie a little bit of that article about investors
Speaker 2: are you know, breaking records with with gold? This last quarter,
Speaker 2: So I think short term gold is going to be
Speaker 2: way up, and it's the fear, uncertainty and doubt.
Speaker 3: It's where people go.
Speaker 2: Silver is also a monetary metal, but there's so much
Speaker 2: the underlying manipulation and uses by things such as the
Speaker 2: military industrial complex and the accumulation by multinationals. I think
Speaker 2: it's pretty apparent for you to I'm looking at the
Speaker 2: price right now, David on the screen in real time.
Speaker 2: It's almost exactly one hundred almost it's it's almost exactly
Speaker 2: one hundred ounces of silver to make an ounce of gold.
Speaker 2: That ratio historically, if you know anything about the history
Speaker 2: of metals, is so bizarre. It's so disproportional, and it
Speaker 2: won't last forever. If you're long on investment, I can't
Speaker 2: think of a better way to house your Fiat currency
Speaker 2: right now than silver if you're long on the market,
Speaker 2: because regardless you have to the metrics of silver, it's
Speaker 2: two hundred plus million ounces million ounces of deficits a year.
Speaker 2: That means that everything that was mined brought in and
Speaker 2: both By the way, most of the mining of silver
Speaker 2: is not because somebody went out and started a silver mine.
Speaker 2: Those are minorities what's happening is it's an ancillary mind product.
Speaker 2: People are going to look for copper, they're going to
Speaker 2: look for zinc, they're looking for gold, and they'll get
Speaker 2: silver and also mind that. So it's it's not even
Speaker 2: profitable for a lot of these companies that do specialize
Speaker 2: in getting silver out of the ground. Geologically, by the way,
Speaker 2: I'll just add this, Geologically, it's estimated that in the
Speaker 2: ground it's.
Speaker 3: Seventeen to one.
Speaker 2: So just geologically it's seventeen to one, and I think
Speaker 2: that's why we in the US here we had about
Speaker 2: sixteen to one on set by the founding fathers in
Speaker 2: our monetary system, and then generally it's been ten to
Speaker 2: twenty to one.
Speaker 3: So name me another.
Speaker 2: Commodity who's all time high was forty five years ago.
Speaker 3: You can't. I don't know of one.
Speaker 2: Silver is definitely long term for somebody who if you're looking,
Speaker 2: and again it's long term because a lot of people
Speaker 2: have been saying this for years that silver is going
Speaker 2: to explode. I'm not telling you that. I'm not telling
Speaker 2: you silver's going to explode. I think those are irresponsible
Speaker 2: things to do because you don't know what the price
Speaker 2: is going to be. I just know that based on
Speaker 2: what's happening to the dollar, and again it's not hit
Speaker 2: it's all time high for forty five years. I know
Speaker 2: somebody told me, well, it hit fifty dollars in twenty ten.
Speaker 2: I'm like, I know, but it's all time high was
Speaker 2: fifty two dollars and fifty cents, and that was nineteen eighty.
Speaker 2: I'm well aware of twenty ten and twenty ten once
Speaker 2: that happens again, and it's not coming back down. So
Speaker 2: I think that we're looking at a breakout sooner than later.
Speaker 2: But it's long term, you know, it's going to be
Speaker 2: short term gold, long term silver in my opinion.
Speaker 1: Yeah, And when we talked short term, you know, I
Speaker 1: think everybody was so concerned about what's going to happen
Speaker 1: on the terraffs, and they all told you what was
Speaker 1: going to happen to the economy. I think once this
Speaker 1: supply chain stuff starts, the reality of these tariffs starts
Speaker 1: sinking in, I think that's going to be. I think
Speaker 1: it's going to affect gold, just like it did with
Speaker 1: the talk about what was going to happen with gold.
Speaker 1: I think that I don't know, I don't have no
Speaker 1: idea put a dollar figure on it, like that guy
Speaker 1: said ten thousand dollars an ounce. But I think it's
Speaker 1: going to be positive for gold once people start seeing
Speaker 1: the damage for the supply chain. Now, the other side
Speaker 1: of that, I guess is going to be when it
Speaker 1: goes into a recession. What's typically happened in a recession,
Speaker 1: people try to sell off their goal take a profit
Speaker 1: off of that because they've got to have the money.
Speaker 3: That's usually what happens.
Speaker 2: We've seen in extreme market downturns that there will be
Speaker 2: a liquidation because a lot of times big investors too
Speaker 2: will hold gold as a way to hedge against inflation
Speaker 2: because gold is so liquid. When they see a market downturn,
Speaker 2: and you know, the advice of the boss Child's was
Speaker 2: to buy when there's blood in the streets. And when
Speaker 2: there's a market downturn, there's a recession and prices are
Speaker 2: down and people are liquidating their assets, a lot of
Speaker 2: people will get out of gold and into stocks or
Speaker 2: businesses and buy on the cheap. But what happens is,
Speaker 2: because of the monetary system damage, a lot of people
Speaker 2: start going back into gold. So it's there's a temporary
Speaker 2: usually a temporary sell off at least that's what I've
Speaker 2: seen historically, a temporary sell off, and then it starts
Speaker 2: to gain against the system. So gold starts showing it's
Speaker 2: it's housing of value as a safe haven, but it
Speaker 2: just basically come, it recedes, and then it comes back.
Speaker 3: That's what I've seen. I don't know though, that we're
Speaker 3: in a.
Speaker 2: Weird time where I don't think history may show us
Speaker 2: the way here because because of the the.
Speaker 3: Massive d dollarization.
Speaker 2: I just keep using that term because it's really striking
Speaker 2: to me that the economics system worldwide, you know, even
Speaker 2: the IMF, it's resetting.
Speaker 3: Of course it is.
Speaker 2: We've been saying this for years. It's resetting. And I
Speaker 2: think the demand for gold by governments is unprecedented.
Speaker 3: By by private institutions is unprecedented. We're seeing that. We're
Speaker 3: seeing a real shift global here.
Speaker 2: So it's hard to say exactly what would happen, but
Speaker 2: that's what's happened historically.
Speaker 1: Yeah. Well, you know, when I look at it, I
Speaker 1: think it's only one stable coin that's that's going to
Speaker 1: be gold and silver or whatever, right, but especially gold.
Speaker 1: They want to talk about a stable coin, that's it.
Speaker 1: The rest of except no substitutes, no frauds.
Speaker 3: You know.
Speaker 1: This stuff is that they're going to throw all their
Speaker 1: garbage T bills and repo stuff into the that's not
Speaker 1: going to be a stable thing. I don't I don't know.
Speaker 1: It's it's crazy, but you know they're going to use
Speaker 1: all their their powers to try to make that break.
Speaker 1: And I think we're going to be seeing an upcoming
Speaker 1: situation not just trade wars, but also currency wars and
Speaker 1: all the rest of this financial stuff. Hopefully we don't
Speaker 1: get into a real shooting war, because that's how the
Speaker 1: shooting wars begin. With that kind of stuff. Tell us
Speaker 1: at a bit about what's going on at wise Wolf.
Speaker 2: Well, the weekly mission is to find supply strange strange times.
Speaker 2: I notice that we've got a lull in the silver
Speaker 2: market right now. You're probably you know, if you're not
Speaker 2: in my business, you don't see it because we provide
Speaker 2: everybody with the metals. I'm starting to see some shortages
Speaker 2: and one ounce silver rounds and generic things like that,
Speaker 2: at least for a variety. So that's that's piqued my
Speaker 2: interest in It's probably because at the price is they
Speaker 2: you know, things.
Speaker 3: That we talked about with silver.
Speaker 2: I think there's probably some somebody's buying, right, so it's
Speaker 2: a it's accumulation by larger entities most likely. So I'm
Speaker 2: just keeping that supply chain open. That's my that's been
Speaker 2: my mission. We've got the Texas physical location, Missouri physical location.
Speaker 3: I'm going to be.
Speaker 2: Heading back up to Branson today, so I'll be up
Speaker 2: there checking on my shop and doing some inventory.
Speaker 3: We got some great specials and things going on.
Speaker 2: You know, we've we've been talking to people, especially with
Speaker 2: the market kind of pulling back. You know, we've we've
Speaker 2: perfected the art of getting people out of paper I
Speaker 2: ras and four oh one ks and other things. So
Speaker 2: if you're interested in that, we're we're Johnny on the
Speaker 2: spot and I got a great team for that. Really
Speaker 2: easy to put you in physical Metals. And I'm making
Speaker 2: some more improvements to the website and experiences there for
Speaker 2: one time purchases. You know, if you want to Graham
Speaker 2: of Gold and you go to Davidnight dot Gold, maybe
Speaker 2: just want a Graham. I've got a free shipping, no
Speaker 2: credit card fees. I still have to pay the fees,
Speaker 2: but I just don't make you pay them. So if
Speaker 2: you go to David Knight dot gold and you hit
Speaker 2: the joint wolfpack tab. There's a way to get just
Speaker 2: a graham of gold and its free shipping, but please
Speaker 2: buy two. That way, I make some thing I put
Speaker 2: I put those on there. It's like, well, I think
Speaker 2: it's by two. I make something, And.
Speaker 1: How much is that in terms of ounts? It was
Speaker 1: a graham In terms of ounce, I don't remember.
Speaker 2: There's thirty one point one grams in a troy ounce.
Speaker 3: Okay, so you know divide that, it's about a thirtieth.
Speaker 1: So we're talking about something in the neighborhood of a
Speaker 1: hundred bucks program or something like that.
Speaker 3: Yeah. Yeah, so you pay some premium.
Speaker 2: By the way I make it, I set it up
Speaker 2: and I'm always on the hunt for And by the way,
Speaker 2: those are another thing that we're getting harder and harder
Speaker 2: to find, so I'm gonna have to keep sourcing them somewhere.
Speaker 2: But those sheets of getting the hundred harder to find
Speaker 2: across the boards.
Speaker 3: Really wow.
Speaker 2: Yeah, So I made that easy to get small amounts
Speaker 2: of gold bullion or you can just sign up for
Speaker 2: you know, one of the wolf packs above the two fifties.
Speaker 1: That's what I like about wolf pack. You know, you
Speaker 1: get these things like the gold backs or the you know,
Speaker 1: a little tricklet things that are that are broken off.
Speaker 1: You know, people think that, you know, gold is so expensive,
Speaker 1: it's going to be really expensive by but you can
Speaker 1: buy it and very small quantities. And there's a lot
Speaker 1: of things that are out there. Of course, like you said,
Speaker 1: I guess they're getting harder and harder to find those things,
Speaker 1: but the people are packaging it so that it doesn't
Speaker 1: it isn't necessarily you know, you know gold bar that's
Speaker 1: worth a million dollars. Only senators, the corrupt senators can
Speaker 1: afford those types of things, right, you can get the
Speaker 1: little tiny gram uh chick lit things and and uh
Speaker 1: that's what I like is is with a wolf pack
Speaker 1: seeing some of those things because I didn't even know
Speaker 1: they existed, you know till till I got it through
Speaker 1: the wolf pack thing.
Speaker 2: Well, that's the key is that if you accumulate and
Speaker 2: you buy fractional, you do pay a premium up front.
Speaker 2: But if you'll just take my advice and don't sell
Speaker 2: it unless you're gonna if you're gonna sell it to
Speaker 2: sell it to me, but if you're gonna if you're
Speaker 2: gonna hold hold for the long term, and uh, you'll
Speaker 2: see those premiums will start to dissipate with the rising
Speaker 2: price of the metal. But you've got to hold it
Speaker 2: long term, and you'll have your a shareable something to
Speaker 2: to use peer to peer to pay for things outside
Speaker 2: of of a corrupt system, outside of the stable coin dystopia.
Speaker 1: And of course, you know we talked about long term
Speaker 1: and talking about savings stuff. Since they don't pay any
Speaker 1: interest anymore in the banks, I mean, it's foolish to
Speaker 1: put your money in the banks where they're going to
Speaker 1: pay you like a zero point one percent or some
Speaker 1: ridiculous thing like that. It used to be that the
Speaker 1: banks to pay something that's pretty close to what they
Speaker 1: would charge in a home loan, you know, homelan B
Speaker 1: five and a half percent. They'd pay you four or
Speaker 1: four and a half percent at the bank on your
Speaker 1: savings account. Thing Now they don't pay you anything, and
Speaker 1: you're going to be seeing that eaten up with inflation.
Speaker 1: So if you're going to be doing any kind of
Speaker 1: a savings program, metal is for a long term. Metal
Speaker 1: really is the way to go. It truly is. But
Speaker 1: it's the privacy thing that I think is absolutely priceless. Well, Tony,
Speaker 1: thank you so much. And you've got a program coming
Speaker 1: up today.
Speaker 3: Right after this, I do Arderburn Radio transmission.
Speaker 2: We'll talk pair of politics, precious metals, and whatever else
Speaker 2: is on my mind for an hour. It's eleven Central Time,
Speaker 2: twelve Eastern on a Rumble America unplug channel and my
Speaker 2: ex at Tony Ardburn's go find us.
Speaker 3: That's great.
Speaker 1: Thank you so much, Tony. I really do appreciate it,
Speaker 1: and thank you for setting up David Knight goal to
Speaker 1: take people to Wisewolf. Love the programs that you've got there.
Speaker 1: I've known Tony for a long time. I've done a
Speaker 1: lot of business with him, and it has always been
Speaker 1: a good experience and I really trust Tony. Thank you.