Speaker 1: All right, welcome back, and joining us now is Tony Ardaman.
Speaker 1: I began the program by talking about American Dream Now
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Speaker 1: Always great to be here. David, thanks for having me,
Speaker 1: thank you. What's on your mind? I mean, I'm looking
Speaker 1: at these art should the dollar be backed by gold?
Speaker 1: Just talking the other day, but you mentioned all the
Speaker 1: time about currency versus money and all the rest of
Speaker 1: this stuff, and you know, I think that's that's kind
Speaker 1: of a rhetorical question that he's putting there, you know,
Speaker 1: the the what is the difference between money and a currency?
Speaker 1: And so that's one of the things that people need
Speaker 1: to start to get their perspective right. I think they
Speaker 1: need to understand the difference between those things. And you know,
Speaker 1: we talk about backing a currency by gold. Some people
Speaker 1: have started doing that with cryptocurrency and some other things.
Speaker 1: But gold is is the thing, isn't it. I Mean,
Speaker 1: that's a you don't really need the dollar is there.
Speaker 1: It's not going to be backed by anything. And they're
Speaker 1: not going to make it honest by even putting gold
Speaker 1: behind it, are they.
Speaker 2: No, we've tried that before.
Speaker 3: Yeah, and Franklin Roosevelt made it illegal free to own
Speaker 3: gold in nineteen thirty three, but we still had a
Speaker 3: quote unquote gold standard until nineteen seventy one. And you know,
Speaker 3: the rest of the world took notice. They realized that
Speaker 3: we were writing checks, you know, against funds that we
Speaker 3: didn't have. They started cashing in their dollars at the
Speaker 3: gold window. So Richard Nixon closed the gold window. We
Speaker 3: took the silver out of our coinage. Starting in nineteen
Speaker 3: sixty five, we debased it, and again the rest of
Speaker 3: the world noticed that. So I don't think a gold
Speaker 3: standard is necessarily what we need. However, I would point
Speaker 3: to all the central banks, not ours, but all the
Speaker 3: central banks around.
Speaker 2: The world buying gold right now.
Speaker 3: They believe, I think that their currencies will be re
Speaker 3: monetized against their gold holdings, and I think that's just
Speaker 3: kind of a trend. They got to run the simulation
Speaker 3: seeing that, you know, the currency creation worldwide is unsustainable.
Speaker 3: They inflate their way out of deficits and bubbles and crashes,
Speaker 3: and it's just going to continue to debase and devalue
Speaker 3: their own currency.
Speaker 2: So something's got to happen. You know.
Speaker 3: The Davos crowd calls it the Great Reset. That's what
Speaker 3: they're looking to do. So you know, the dollar, the
Speaker 3: dollar is in real trouble. We just noticed that the
Speaker 3: second largest reserve asset in the world is now gold.
Speaker 3: It's supplanted the euro. The first is the dollar, but
Speaker 3: we can see that waning. There was an article up
Speaker 3: in the Financial Times yesterday about cross border payments are
Speaker 3: now at an all time high between Russia and China.
Speaker 3: So all the weaponization of the dollar over the past
Speaker 3: many decades, but especially in the last five years, has
Speaker 3: accelerated d dollarization.
Speaker 2: See that's the keys. It's slow.
Speaker 3: I mean, you know, we talk every week and we've
Speaker 3: mentioned the petro dollar every week. We're some of the
Speaker 3: few people talking about it, which is is monumental what happened.
Speaker 3: I mean, it's cataclysmic for loss of purchasing power and
Speaker 3: the dollar long term.
Speaker 2: But nobody's talking about it.
Speaker 3: We lost the petrol, we're losing the petro dollar, but
Speaker 3: it's still in the shadow of itself because eighty percent
Speaker 3: of the energy payments still go on in dollars. But again,
Speaker 3: you can see the trend, and the trend is to
Speaker 3: dump the dollar. These countries are figuring out a way
Speaker 3: to do it. I think the key here if you're
Speaker 3: watching commodities is that gold is the world's reserve currency.
Speaker 3: Just figuring out a way because it is physical, like
Speaker 3: figuring out a way to use it as a cross
Speaker 3: border payment, use it to settle debts, you know, and
Speaker 3: to do that transactionally.
Speaker 2: And that's what's happening.
Speaker 3: That's what I think people mistake, you know, the bricks
Speaker 3: nations and they have a meeting coming out. I think
Speaker 3: they mistake that for them coming out with their own currency,
Speaker 3: and they might come out with something, but the goal
Speaker 3: there will not be to supplant the US dollar is
Speaker 3: some new reserve currency that everyone uses. It'll be a way,
Speaker 3: in my opinion, for all of them and for countries
Speaker 3: in their periphery and who they do business with to
Speaker 3: transact outside of the dollar system. It won't necessarily be
Speaker 3: that it'll be one currency or one thing. But again,
Speaker 3: the CBDC plans.
Speaker 2: That are drawn up.
Speaker 3: The World Economic Forum was growing about that a couple
Speaker 3: of months ago, that ninety six percent of all countries
Speaker 3: had a central bank digital currency plant in action or
Speaker 3: being implemented.
Speaker 2: That's what really is the I think the future.
Speaker 3: It's it's gold and digital currencies in these cross border
Speaker 3: payment systems. The dollar is getting shoved out of the way,
Speaker 3: but it's not happening.
Speaker 2: It's not happening so fast that.
Speaker 3: The mainstream media is paying attention to it, but we
Speaker 3: certainly Yeah.
Speaker 1: I agree, Yeah, I think that is the goal. They're
Speaker 1: going to have a CBDC. It'll be interoperable, so they'll
Speaker 1: be each of the central banks will have a digital
Speaker 1: currency that'll be there and they'll be interoperable. But they
Speaker 1: see a lot of unrest and chaos in the interim
Speaker 1: as we're transitioning to the stuff, and so they're going
Speaker 1: to they're accumulating goal to help with that chaos. And
Speaker 1: it kind of reminds me of we used to go
Speaker 1: to Williamsburg and Colonial Williamsburg when the kids were young,
Speaker 1: and they would have these an actors, re enactors that
Speaker 1: would play different characters like Jefferson or whatever. Let's say,
Speaker 1: where are you from, sir, you know, from North Carolina
Speaker 1: or whatever. Oh, well, you know, the banks they're kind
Speaker 1: of shady, you know that they don't really have the
Speaker 1: money to back the reserves that are there. And it
Speaker 1: used to make me think about that. It's like, yeah,
Speaker 1: you know, there used to not be any central bank
Speaker 1: during the time of Jefferson or the rest of stuff,
Speaker 1: and so it really was a faith and good credit
Speaker 1: of a particular bank and they would have to have
Speaker 1: if you're going to write a check or do a
Speaker 1: draft on that bank. It had to have a good reputation.
Speaker 1: And it kind of was driven home when we went
Speaker 1: to Hong Kong and we changed our money into the
Speaker 1: Hong Kong dollars, and I was back in the hotel
Speaker 1: looking at it because they were very different in terms
Speaker 1: of color or anything. And I noticed that they had
Speaker 1: radically different same denomination. It would be radically different colors
Speaker 1: and anything. And then I look closely and one of
Speaker 1: them was issued by a bank there in Hong Kong,
Speaker 1: and then the other one that looked very different was
Speaker 1: issued by a different bank. So we started looking this up,
Speaker 1: and it's like, this is the way it used to
Speaker 1: be in colonial times. You would have the different commercial banks,
Speaker 1: for example, would be issuing their own currencies or their
Speaker 1: own drafts or whatever. And that's the way they actually
Speaker 1: did it in Hong Kong. And so that's really kind
Speaker 1: of what the central banks are doing. As you're pointing out,
Speaker 1: they're going to be issuing their currency or their digital currency, and.
Speaker 2: In order for people to.
Speaker 1: Believe that they're going to be good for it, they're
Speaker 1: going to have to show that they've got some gold
Speaker 1: there and that's why they're accumulating that, right.
Speaker 3: And you see countries like Zimbabwe, it used to be
Speaker 3: the laughing stock reading the trillion dollar notes. They're moving
Speaker 3: to a gold back digital currency. Same with Nigeria, and
Speaker 3: there's others that are popping up. These are the testing grounds.
Speaker 3: I think that's what really moving to. I think gold
Speaker 3: will become known as the world's reserve currency, if you will,
Speaker 3: But all the digitized currencies in the periphery and these
Speaker 3: nations will be used for cross border payments. And again
Speaker 3: there'll be probably a big market share of the Chinese
Speaker 3: you want, and there still will be dollars and all
Speaker 3: the rest. But I think what really needs to be
Speaker 3: emphasized is that the economic world order that was set
Speaker 3: up in nineteen forty four at Breton Woods is crumbling.
Speaker 3: This is part of the you talk about it all
Speaker 3: the time. This is part of the fourth turning where
Speaker 3: institutions get scrapped and reset, and we're really watching that.
Speaker 3: This is going to bring a lot of economic chaos home.
Speaker 3: Those dollars get repatriated, something called Triffin's dilemma. You know
Speaker 3: what happens when we stocked all these central banks around
Speaker 3: the world with dollars and they repatriate them back home
Speaker 3: to the to its origin, which is here in the
Speaker 3: United States.
Speaker 2: It will further devalue the dollar.
Speaker 3: It is interesting to watch, you know, I read a
Speaker 3: lot of economic history, and you're absolutely right. The nineteenth
Speaker 3: century we didn't have inflation. Now there was problems with
Speaker 3: different banks. You know, when you have decentralization and a
Speaker 3: free market, there's always going to be problems, but nothing
Speaker 3: like the corruption of controlling the money supply through.
Speaker 2: The Federal Reserve.
Speaker 3: You know, the life of JP Morgan, he was born
Speaker 3: in eighteen thirty seven, which was year one of us
Speaker 3: not having a central bank. Andrew Jackson killed the second
Speaker 3: bank in the United States. He wanted that on his tombstone,
Speaker 3: by the way, he wanted I killed the bank on
Speaker 3: his tombstone. But JP Morgan was born in eighteen thirty seven.
Speaker 3: He died in nineteen thirteen. His life was the exact
Speaker 3: span of the United States and not having a central bank.
Speaker 3: And again they called it a Federal Reserve. They met
Speaker 3: at Jekyl Island on November twenty second, nineteen ten. Three
Speaker 3: years later they had the Federal Reserve and acted. Of course,
Speaker 3: you've talked about that many times. It's a wonderful lie
Speaker 3: because it was based off the you know, the timeframe
Speaker 3: going into to Christmas. So we really, I think, taking
Speaker 3: a step back, what we're watching is the decline of
Speaker 3: the dollar deed. Dollarization is real. It's happening. It's happening
Speaker 3: faster than that I had anticipated. I've been talking about
Speaker 3: this for years, but especially since the invasion of Ukraine
Speaker 3: by Russia and the sanctions placed on that, other countries
Speaker 3: have taken notice and they're just dumping the system altogether
Speaker 3: and moving on. And that's why gold right now is
Speaker 3: over twenty five hundred dollars an ounce. David, I really
Speaker 3: didn't think i'd see these prices either, and I'm in
Speaker 3: this business.
Speaker 2: I didn't think.
Speaker 3: I haven't been crowing about, you know, twenty five hundred
Speaker 3: dollars gold that I can remember. I thought, well, well,
Speaker 3: you do certainly break twenty twenty one hundred. Certainly, certainly,
Speaker 3: you know, but these are prices that even territory that
Speaker 3: I had not anticipated.
Speaker 2: This second. Yeah, I still think it's cheap.
Speaker 3: By the way, I mean, just for all intents and prose,
Speaker 3: I still think it's cheap. But really, what this is
Speaker 3: a reflection of is loss of confidence in the dollar
Speaker 3: itself as a reserve asset.
Speaker 2: That's why gold has now supplanted the euro.
Speaker 3: I'll say again, it's supplanted the euro as the second
Speaker 3: largest reserve asset. You got to remember the Bank of
Speaker 3: International Settlements in Basel, Switzerland made it a Tier one
Speaker 3: asset a few years ago. Gold itself, it hadn't been
Speaker 3: for a long time. So we're really witnessing something historic here.
Speaker 1: Yeah, and so you know we've got we had the
Speaker 1: meeting in Jackson Hole they love to call it j
Speaker 1: Hole and I call them the A Holes and jhle
Speaker 1: deciding when not they're going to what they're gonna do
Speaker 1: with money. They're going to increase the supplier are They're
Speaker 1: going to charge more or less for interest rates and
Speaker 1: things like that, and everybody's expecting they're going to change
Speaker 1: interest rates in September and then of course in October
Speaker 1: we have the Bricks Summit and that'll be all about
Speaker 1: de dollarisation and having multi polar financial centers and that
Speaker 1: type of thing, breaking away from the dollar. So yeah,
Speaker 1: at twenty five hundred dollars and it's gone up and
Speaker 1: set several new all time highs in the last couple
Speaker 1: of weeks, and it'll retrench and it'll bounce around. But
Speaker 1: I think long term we're looking at something not even
Speaker 1: long term, you know, by next year and certainly after
Speaker 1: the election, I think we're looking at it going up
Speaker 1: quite a bit higher. And that's just really, as you
Speaker 1: point out all the time, it's really the dollar that
Speaker 1: is going down, and that's what we're seeing. We're seeing
Speaker 1: the crash of this field currency out of Washington as
Speaker 1: they want to tell everybody worldwide what to do.
Speaker 2: Now.
Speaker 1: I got a question, though, did did they put that
Speaker 1: I killed the bank on his tombstone? No?
Speaker 3: Unfortunately no, But yeah, there's a lot of great history.
Speaker 3: Andrew Jackson just despised the banksters. He said, a din
Speaker 3: of vipers and thieves and he's going to route them out.
Speaker 3: And it's it's in theory you look at the conspiracy.
Speaker 3: Theory is that his would be assassin who he caned
Speaker 3: by the way they misfired the pistol misfired. He came
Speaker 3: the man in public. Supposedly that person was a Roschilds agent.
Speaker 3: You never know, but definitely he was an enemy of
Speaker 3: international finance and the last person to really stand up
Speaker 3: to that cartel, and it lasted a long time. They
Speaker 3: had because of his opposition to a central bank and
Speaker 3: talking to the people.
Speaker 2: It took that long. It took decades. It took the
Speaker 2: lifespan of JP Morgan to put it, to put a
Speaker 2: central bank back in place in the United States, and
Speaker 2: they knew not to call it that. That's why they came.
Speaker 2: The language is very important.
Speaker 3: It's not federal, but they call it a federal reserve,
Speaker 3: and there's no reserves there. It's just it's just a
Speaker 3: scheme to control the money supply. And somebody like Andrew
Speaker 3: Jackson understood that.
Speaker 2: Yeah, it was interesting.
Speaker 1: I saw an article that that that pistol that had misfired.
Speaker 1: I don't know if it's maybe one or two pistols
Speaker 1: that the guy had or whatever, but you point out
Speaker 1: that it misfired, and he caned the guy and they
Speaker 1: got the guy. But they put those pistols in a museum,
Speaker 1: and in recent times they took them out and they fired.
Speaker 1: So I don't know that. It's kind of interesting. You know,
Speaker 1: God is sovereign and different things whatever he does. But
Speaker 1: when we look at speaking of misfires, we have the
Speaker 1: commercial real estate issues. We have five hundred and fifty
Speaker 1: seven billion dollars worth of value that has evaporated from
Speaker 1: US offices. And again when we look at the overall,
Speaker 1: when we're looking at chaos, we're looking at the client
Speaker 1: of the dollar, the cline of the financial system, especially
Speaker 1: the banks that are in jeopardy of this. I mean,
Speaker 1: where did this five hundred and fifty seven billion dollars
Speaker 1: worth of value evaporate? Well, it's really of evaporated from
Speaker 1: the banks, because these people are going to walk away
Speaker 1: and the banks are going to be holding the empty
Speaker 1: bag that was money before. We've got office buildings, one
Speaker 1: of them recently sold at and it worked out to
Speaker 1: twelve dollars a square foot. I mean, that's how the
Speaker 1: office crash has really come on. And it's really going
Speaker 1: to be the small and medium sized banks that are
Speaker 1: holding the bag with all the stuff as it's all evaporated.
Speaker 3: So I think this is indirect correlation to not suffering
Speaker 3: the paint the true pain of eight nine, you know,
Speaker 3: the tart funds and the injection of liquidity into the
Speaker 3: system to keep it from having a total crash. They
Speaker 3: just put a band aid on a sucking chess wound
Speaker 3: and now we're going to experience unfortunately. I don't think
Speaker 3: they can inflate their way out of it. I don't
Speaker 3: think they can print their way out of it. You're
Speaker 3: talking about a massive sit pachological loss of confidence as
Speaker 3: well in the market. But just we change patterns, you know,
Speaker 3: through the lockdowns and being not essential and you can't
Speaker 3: go into the office, and these companies outsourced and did
Speaker 3: everything over zoom. You could remember every time there's a
Speaker 3: commercial real estate loan, every time there's a residential real
Speaker 3: estate loan, that's currency creation. So where did it go?
Speaker 3: To the ether into the nowhere? It's gone? And you know,
Speaker 3: you look at this is why I keep going back to.
Speaker 3: If you look at the chart of actual so called
Speaker 3: wealth around the world, it's estimated like what four hundred trillion,
Speaker 3: and you see it in these big blocks of like
Speaker 3: all these sovereign wealth funds or currencies or stock markets.
Speaker 2: And then you look at the market cap of gold
Speaker 2: and it's sixteen trillion. How is that even possible? How
Speaker 2: is it possible that gold.
Speaker 3: The only thing really known is money in the history
Speaker 3: of the world, is only a sixteen trillion market cap
Speaker 3: in a world where that's those there's hundreds of trillions
Speaker 3: of assets. That doesn't make any sense to me. And
Speaker 3: I think what you're watching again, it's just something. There's
Speaker 3: a bubble of all bubbles. I don't think we can
Speaker 3: wrap our minds around what's going to happen when that collapses,
Speaker 3: because it'll be systemic.
Speaker 2: It'll be a malignancy that gets into everything.
Speaker 3: We just saw a flash crash on what August fifth
Speaker 3: across the markets and people have short memories, they just
Speaker 3: forgot about it already. But it looked bad, you know,
Speaker 3: it looked like there was going to be, you know,
Speaker 3: a greater fallout than there actually was.
Speaker 2: But I think that's just a stress test. That's just
Speaker 2: a little burt on the radar.
Speaker 3: But it's coming, and I think you will see a
Speaker 3: rush to assets and there'll be revaluations everywhere, and it'll
Speaker 3: be you know, to quote the Rothschild, we blood in
Speaker 3: the streets.
Speaker 2: Yeah, yeah, it's yeah.
Speaker 1: When that happened, I said, that's not even October yet,
Speaker 1: you know, because you see this kind of stuff happening
Speaker 1: in our betber the major stock market gratus, so it
Speaker 1: might just come back in October. But as that was happening.
Speaker 1: You saw gold go up significantly and so many different banks,
Speaker 1: Bank of America, JP, Morgan, many others. And of course
Speaker 1: as that was happening, you had weekly reports coming out.
Speaker 1: Zero Hedge picked up report from a gold fix and said, yeah,
Speaker 1: three thousand dollars goal. That's, you know, looking pretty reasonable
Speaker 1: at this point, just a few months out. And if
Speaker 1: you go back and look at how much it has
Speaker 1: gone up and just the last year, it truly is astounding,
Speaker 1: as you were saying before, but it is something that
Speaker 1: is kind of a harbinger of I think what is
Speaker 1: going to be happening this fall and certainly after the election.
Speaker 1: And that's why I think we're seeing these all time
Speaker 1: highs with gold. And it's not really when it pulls back.
Speaker 1: It's always does you know, you always have people taking
Speaker 1: profits with anything going up. It hasn't pulled back all
Speaker 1: that much. It's continually just slowly moving up.
Speaker 3: I've heard a lot of analysts say that to the
Speaker 3: price in gold is a reflection on future predictions of
Speaker 3: a Harris win in November, but I disagree. I think
Speaker 3: the price of gold keeps moving regardless of who's elected.
Speaker 3: This is this is macro This is geopolitical. This is
Speaker 3: about what we're talking about. Like, total debt worldwide is
Speaker 3: estimated three hundred and fifty trillion, So you got a
Speaker 3: debt to gross domestic product worldwide that's rivaling itself. These
Speaker 3: things are unsustainable, and you know there's there's a sense
Speaker 3: in the market that that's coming. But these are still
Speaker 3: cheap prices. Silver's just over thirty bucks.
Speaker 2: Let me check that. I'll check goldprice dot over.
Speaker 3: It's twenty nine to fifty nine on the spot price
Speaker 3: right now for the white metal. Fifty two fifty in
Speaker 3: nineteen eighty, David, Yeah, I'm fifty two to fifty in
Speaker 3: nineteen This is cheap.
Speaker 2: And what do you think? Gold was one and I
Speaker 2: was born.
Speaker 3: Gold was headed up to eight hundred dollars announce, you know,
Speaker 3: beginning of the seventies it was thirty five dollars announce.
Speaker 3: Into the seventies it was eight hundred dollars an ounce roughly.
Speaker 3: So you know what's eight hundred dollars announce in nineteen eighty, David,
Speaker 3: Is it more than twenty five hundred dollars?
Speaker 2: You bet, you bet it is.
Speaker 3: You know what you could get for eight hundred dollars
Speaker 3: in nineteen eighty. So really this is just we're denominating
Speaker 3: precious metals in dollars, and there will come a time
Speaker 3: when we don't. They'll be denominated in a different way.
Speaker 3: Maybe you know, in other commodities. There'll be a different chart.
Speaker 3: Because you know, the dollar in and of itself, we
Speaker 3: give psychological value to. It's something I study all the time,
Speaker 3: and it is weird that we do that because that's
Speaker 3: not part of our history. Can you imagine if we
Speaker 3: were founded America would have never made anything of itself.
Speaker 3: It was founded on a fiat currency. Yeah, the country
Speaker 3: they don't, they go, they go and decline, you know,
Speaker 3: with fiac currencies. You know, that's the same thing with
Speaker 3: with our trade policies. We weren't founded on these free
Speaker 3: trade agreements. We were founded on strategic manufacturing and h
Speaker 3: and economic nationalism. And countries decline on free trade, they
Speaker 3: decline on field currency. And we can see that, and
Speaker 3: I think you know, in large part what's happening to
Speaker 3: the US is done on purpose.
Speaker 2: It's done on the inside. It's an inside job.
Speaker 3: Literally, watching the petro dollar agreement lapse, watching these cross
Speaker 3: border payments increase, not having anything, not no intervention whatsoever
Speaker 3: to bolster the dollar.
Speaker 2: And then everybody looks.
Speaker 3: To Jerome Power to ask when you know, please, Daddy,
Speaker 3: can we have some more inflation?
Speaker 2: I know, it's just great. We're it's insane times.
Speaker 3: And and you know you talked about the office stuff
Speaker 3: with the commercial real estate that Gerald Celente is absolutely right,
Speaker 3: that's where it will begin. It won't begin in the
Speaker 3: in the residential market this time, it'll be in the
Speaker 3: commercial It's right.
Speaker 1: Yeah, As Matt, this is something I briefly mentioned. I
Speaker 1: don't know if you know any more about this, but
Speaker 1: Wyoming is going to launch a stable coin next year.
Speaker 1: And they said they did it because they're very concerned
Speaker 1: about the FED policy instability, because they know that they're
Speaker 1: going to support the two big to fail banks. We
Speaker 1: know they're not good there. They're going to throw the
Speaker 1: small and medium sized banks to the wolves when this
Speaker 1: commercial real estate thing busts, but they will try to
Speaker 1: save the big banks and bail that out. And so
Speaker 1: there's a lot of different states that are looking at
Speaker 1: various ways to kind of have a fallback position, a
Speaker 1: hedge against the bad policies of the Federal Reserve and
Speaker 1: what may happen with the dollar, what may happen with
Speaker 1: the overall economic system. Some of the states here like
Speaker 1: Tennessee and Senator Nicey was trying to get the state
Speaker 1: to put more gold in, you know, to buy more
Speaker 1: gold and to hold it because as kind of a
Speaker 1: hedge against what the Federal Reserve is going to do.
Speaker 1: There's several different Southern states that are looking at that.
Speaker 1: And then of course there's Wyoming, which is talking about
Speaker 1: doing a stable coin, but the you know, they're just
Speaker 1: going to put it into a crypto thing rather than
Speaker 1: having goal that they accumulate there. But still it's everybody's
Speaker 1: concerned about what the Federal Reserve is going to do
Speaker 1: and what the economic system is going to be, how the.
Speaker 2: Banks.
Speaker 1: Some banks will be saved, but everybody else is just
Speaker 1: going to be left to die. What have you heard
Speaker 1: about Wyoming or have you heard anything about that? What
Speaker 1: is a what are they doing with their stable coin?
Speaker 3: You know, I've heard a little about it, and I
Speaker 3: think this is a trend that'll just continue to increase
Speaker 3: all over the place. I'm just you know, whether it's
Speaker 3: a state's doing it, you at look into something like tether,
Speaker 3: tether did this with the US dollar and have been
Speaker 3: quite successful with that. I don't own any tether, but
Speaker 3: I think there's going to be more of this popping up.
Speaker 3: And you're absolutely right. The states are decentralizing, setting up
Speaker 3: their own reserves and allowing for gold and silver to
Speaker 3: be legal tender.
Speaker 2: I applaud all this.
Speaker 3: Oklahoma recently just passed some massive legislation being very friendly
Speaker 3: to crypto, very friendly to bitcoin.
Speaker 2: I'd love to see it.
Speaker 3: That's what you need on a state and local level,
Speaker 3: recognizing currency, recognizing gold and silver's legal tender. Anytime that
Speaker 3: anything that pops up that competes with the FED, I
Speaker 3: love it. So I'm a fan. Because decentralization promotes freedom.
Speaker 3: Centralization detracts from freedom. It's as simple as that. And
Speaker 3: we're watching some history happen. And when the bricks nations
Speaker 3: continue to do what they're doing with cross border payments
Speaker 3: and recognizing golden commodities, the dollar continues to wane, there'll
Speaker 3: be less influence from the FED, and that's great. That's
Speaker 3: a good thing. It's some pain, there'll be some short
Speaker 3: term pain, but I like the idea of you being
Speaker 3: your own bank. I do that every week. For myself,
Speaker 3: and I practice what I preach. I started buying. I
Speaker 3: started getting some smaller gold coins. I talk about this
Speaker 3: all the time. I put them in Wolfbang. I buy
Speaker 3: my own, and I set them aside of it. Even
Speaker 3: with the premiums, I'm like, well, I know that ten
Speaker 3: years from now, this won't matter.
Speaker 2: Years from now, this premium won't matter.
Speaker 3: Because I'm you know, psychologically, I'm saying, well this, you know,
Speaker 3: I'm paying what twenty six hundred dollars announced to get
Speaker 3: this tenth ounce coin as opposed to you know, buying announce. Well,
Speaker 3: it won't matter on a long enough timeline because I'm
Speaker 3: still giving. You know, I'm taking this this dollar that's
Speaker 3: not backed by anything, and I'm you know, I'm putting
Speaker 3: it against the goal. Get the gold, have something that's yours.
Speaker 3: Don't rely too much on third parties, you know, whether
Speaker 3: it's a bank, whether it's a crypto in an exchange.
Speaker 2: You know, learn how to do something yourself. And I
Speaker 2: would start with precious metals. That's where I start.
Speaker 3: We're still going to have a wise wolf Bitcoin coming
Speaker 3: up very soon, and I have some There's gonna be
Speaker 3: some really neat stuff that I'm going to be able
Speaker 3: to announce on that, but it is a lot of work.
Speaker 3: I'm working on it every I'm kind of buried here
Speaker 3: in my office, been working on all of this stuff.
Speaker 3: And you should see the paperwork stacked up behind me.
Speaker 3: I've been trying to get all this stuff in action.
Speaker 2: But yeah, it's of.
Speaker 1: Course they've been thinking about how they can multiply the
Speaker 1: paperwork out there to make it difficult yours knowing with that,
Speaker 1: and they've been pretty successful. If they can produce anything,
Speaker 1: they can produce paperwork out of Washington, can't they. Yeah, yeah, well,
Speaker 1: you know that's what we're talking about in terms of
Speaker 1: the stable coin in Wyoming or you know, adding gold
Speaker 1: to the state treasury in southern states and other places
Speaker 1: like that. People just understand the shaky situation that we're
Speaker 1: in with the federal Reserve, and so you see you know,
Speaker 1: Costco out there saying well, you know, we're gonna offer
Speaker 1: gold or whatever, or that reflects a general understanding of
Speaker 1: what is the kind you know, the value of gold
Speaker 1: and the risk that we're in right now.
Speaker 2: This is another one.
Speaker 1: This is a an Idaho based gold depository that's going
Speaker 1: to have more gold in it than Fort Knox will
Speaker 1: be able to do. It's called money metals. It's opening up.
Speaker 1: That's another example of you know, we talk about bringing
Speaker 1: it home, and a lot of a lot of these
Speaker 1: large central banks in other countries are bringing at home.
Speaker 1: They're bringing it home in terms of gold. They can't
Speaker 1: just divorce themselves from the dollar all at once, because
Speaker 1: it'd be absolutely worthless if they did that, So they've
Speaker 1: got to do it in a controlled way. But they're
Speaker 1: trying to bring home wealth insurance into their into their country.
Speaker 1: That's what individuals are doing. You know, you bring it home,
Speaker 1: but you don't necessarily want to keep it in at home.
Speaker 1: This is a recognition of that that so many people
Speaker 1: are starting to accumulate gold, that there's a market out
Speaker 1: there for a very large, very expensive investment. Somebody's made
Speaker 1: thirty seven thousand square foot vault for people to keep
Speaker 1: gold in. That tells you something about the awareness of
Speaker 1: the importance of having gold by individuals, and you know,
Speaker 1: some high net worth individuals or some businesses or institutions.
Speaker 3: I guess, well, to be fair, your local punch shop
Speaker 3: might have more gold than Fort Knox.
Speaker 2: I don't know that we have an we haven't audited it.
Speaker 2: There's no true, that's true.
Speaker 1: That's just kind of a metaphor.
Speaker 2: I guess at this point, it's kind of right.
Speaker 3: I send product to Money Metals all the time with
Speaker 3: my customers who use that depository for their iras, and
Speaker 3: Money Metals does a good job. So no, this is
Speaker 3: the the private accumulation of gold, and I like to
Speaker 3: see people doing that, and depositories are the way to
Speaker 3: go when you've got a large amount, I mean, the
Speaker 3: super wealthy. You're not going to keep that at.
Speaker 2: Home, that's right. You don't want to tell people I
Speaker 2: own a lot of gold and it's at my house.
Speaker 1: They might have a Venezuelan gang that shows up. You know,
Speaker 1: it's a.
Speaker 2: That's right home. That's right. You don't. It's a it's
Speaker 2: a good hedge.
Speaker 3: And if you listen to people like Robert Kiyosaki, I
Speaker 3: mean all of his gold is in depositories, and so
Speaker 3: I support those and I use Money Metals for sure.
Speaker 2: Yeah.
Speaker 1: Yeah, but you know their expansion thirty seven thousand square
Speaker 1: feet they're adding, and they said they can expand it
Speaker 1: up to sixty thousand square feet, So they're very they're
Speaker 1: very bullish on people being bullionish.
Speaker 2: I guess.
Speaker 1: That certainly is the zeitguys, everybody is picking up on
Speaker 1: what the issue, what the risks are, and everybody kind
Speaker 1: of instinctively knows what the solution is. So well, anything
Speaker 1: else you want to tell us about what's going on
Speaker 1: at wise wolf I know you're working on trying to
Speaker 1: get the crypto stuff on the side. What else is
Speaker 1: happening there, well.
Speaker 2: Definitely working on that with the with the bitcoin.
Speaker 3: We're working on a new master website just because it's
Speaker 3: the confusion between the two locations, and working on some
Speaker 3: new projects. A lot of great stuff we're announcing soon.
Speaker 3: Wolf Pack is growing, and thank you for the plug
Speaker 3: at the beginning of the show, and you know it
Speaker 3: definitely a huge portion of wolf Pack or David Night
Speaker 3: Show listeners and we so appreciate that.
Speaker 2: Well, that's we've got some money. It's such a.
Speaker 1: Great idea that you're doing. You know, nobody else does
Speaker 1: that that I know of, and I know it's a
Speaker 1: lot of work and a lot of overhead for you
Speaker 1: to do that, but it also helps for people to
Speaker 1: be able to take advantage of you know, a group
Speaker 1: buy and to and the value of just being able
Speaker 1: to set aside something on a regular monthly basis and
Speaker 1: to gradually start to accumulate. That's the whole point of it.
Speaker 1: You know, it's not a get rich quick thing. You
Speaker 1: know that gold is not a roller coaster, which is
Speaker 1: what I like about it. You know, it is a
Speaker 1: but you know, the race goes to the tortoise, not
Speaker 1: to the hair necessarily right right, and then it should,
Speaker 1: I say, the prices of the stock market going up
Speaker 1: and down, on the cryptocurrency going up and down. You
Speaker 1: can get rich quicker, you can get poor quick depending
Speaker 1: on u. Sometimes you're forced to get off the roller coaster,
Speaker 1: you know, and you might have to get off the
Speaker 1: roller coaster when it's down.
Speaker 2: So well, if.
Speaker 3: Anybody that knows me, and I've always been honest, but
Speaker 3: I like crypto, and I do use bitcoin, and I
Speaker 3: like bitcoin, and we're going to have more to say
Speaker 3: about that very soon. But if you really press me
Speaker 3: and say, Tony, what are you gonna if you had
Speaker 3: if you had to turn some fiat currency into something,
Speaker 3: what would you do? It would be gold and silver.
Speaker 3: And depending on how fast I needed to move or
Speaker 3: go somewhere, how mobile I needed to be, it would
Speaker 3: be their gold. You know, that would depend on what
Speaker 3: I bought. But at the end of the day, it's
Speaker 3: going to be precious metals because they exist in the
Speaker 3: real world. It's more And you're right, a lot of
Speaker 3: people in the crypto space complain about gold, complain about soil.
Speaker 3: It really doesn't go up that fat. It's not parabolic.
Speaker 3: Well that's because it's money. It's not supposed to. It's
Speaker 3: not these other speculative assets, especially when they're still figuring
Speaker 3: themselves out. You know, what does it mean to own bitcoin?
Speaker 3: What does it What does it mean for markets? It's
Speaker 3: still in its infancy. These are going to be swinging
Speaker 3: all over the place. Wild gold has been around since
Speaker 3: for all of recorded history.
Speaker 2: We talk about this all the time. You can, you know,
Speaker 2: go back one hundred years.
Speaker 3: It's basically divides about the same amount of land, crude, oil, food,
Speaker 3: clothing that it did. You know, it's not it's just
Speaker 3: that the dollar amount changed because of free floating fiat
Speaker 3: currency and not being tethered by it. So I like
Speaker 3: the fact that it is more stable, And I would
Speaker 3: tell people I didn't expect twenty five hundred dollars renounced goal. Yeah,
Speaker 3: I did not expect this, and it's not coming from
Speaker 3: the average person wanting gold. There is some of that
Speaker 3: it's coming from and you need to watch this closely.
Speaker 2: It's coming from central bankers. What do they know that
Speaker 2: you don't.
Speaker 1: What are they planning that you don't know? They're planning something? Yeah,
Speaker 1: that really is true. It's you know, when you look
Speaker 1: at it, it is. I think of it as as
Speaker 1: wealth insurance and just trying to preserve what you've got.
Speaker 1: That's probably going to be the most important thing that
Speaker 1: we can do coming up into these turbulent times. And
Speaker 1: it's going to be very turbulent times in the next
Speaker 1: four years, no question about it. Change is going to
Speaker 1: really be accelerating and it may not be for the better,
Speaker 1: and so you need to have something that you can
Speaker 1: fall back on. Saving is always good, but you want
Speaker 1: to make sure that you save money and not pieces
Speaker 1: of paper. And I would include that we know the
Speaker 1: paper goal that we've talked about so many times. It's
Speaker 1: one of the reasons why and method that they can
Speaker 1: use to manipulate the price of gold, and of course
Speaker 1: now they're doing derivatives on cryptocurrency as well. It's always
Speaker 1: the way that they can manipulate these markets with it.
Speaker 1: But the reality is if you go back and you
Speaker 1: look at the price of things in gold, that really
Speaker 1: tells you how it is a store of wealth and
Speaker 1: how it is solid versus the price of gold in dollars,
Speaker 1: that doesn't really tell you anything at all. So that's
Speaker 1: always great talking to you, Tony, and thank you so
Speaker 1: much for supporting the program.
Speaker 2: It really is important to us. I appreciate that. Appreciate you, sir.
Speaker 1: Thank you, and again, David Knight dot Goldill take you
Speaker 1: to Tony at Wyswolf dot gold and check out Wolfpack.
Speaker 1: The common Man. They created common Core, dumbed down our children.
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