The David Knight Show - Dollar Death Spiral Sends Gold Skyrocketing

Episode Date: October 2, 2025

Tony Arterburn returns as gold hits records near $4,000, the AI bubble and dollar collapse are just fueling metals higher. Discussing gold and silver as the last true “privacy coins” outside the digital ID regime. Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Welcome back, folks. And joining us now is Tony Arterbin of Wise Wolf Gold. And he has currently set up David Knight.org, which will let him know that you're coming through us. Tony, it's been an amazing time for gold, hasn't it? And it's still going. It's crazy. Every single week when I come back, there's a new, there's a new all-time high. And last week I said, you know, the dollar has lost 40.

percent of its purchasing power against gold, we'll make that 45 percent. We've got even more new all-time highs. Gold, I didn't, you know, I didn't foresee this price range here in the last six months. I definitely didn't just all past 3,500, but we broke 3,900 temporarily this last couple of days, last 48 hours, I believe. So really impressed into territory. Yeah, it's getting close of the 4,000 number of people are talking about. And, of course, it's the uncertainty, the concern, you know, whether you're talking about tariffs or other economic policy, and people concerned about any time you see a lot of bad news about the economy or people are concerned about war.

This is the people turn to gold in those types of times. So yesterday you had futures drop and gold jumps as the government shutdown begins. So bad news really shoots gold up like a firehosen. Of course, along with bad news, I think about this AI bubble that I think is long overdue to pop. And I imagine when that bubble pops, it's going to surely shoot gold up sky high. What do you think? What happened with a dot-com bust? I think so, too.

I think that a lot of institutional funds are flowing into gold right now because at the end of the day, gold is money. Gold is a monetary metal. So is silver, but there's a lot of different factors that we'll talk a little bit about. The price is silver, too. That's something I think you need to pay attention to. But gold is money, and it houses that value. And you're talking about fear, uncertainty, and doubt, the FUD. And that comes up, people run to gold.

That's historically always been. The two things that have helped gold have been the Fed and the FUD. The Fed and the FUD, that's right. And the devaluation of the doubt is interesting. There was another article that floated around last week after I was on with you. And the price of gold hitting its alt, I think over $3,800 an ounce, it caused the gold reserves of the United States to pass $1 trillion in value. If you believe that it's there, over 8,000 tons, supposedly there's over 4,000 tons. Remember the Fort Knox?

Yeah, when I talked about it, I said, well, maybe that was what the Fort Knox thing saying, we'll audit the gold there. Maybe that was what it was about. Maybe we'll see if it's there. And if it's there, we'll mark it to market. Maybe we'll do it even if it's not there. We passed the $1 trillion, at least valuation mark for those over 8,000 tons that we supposedly have as the United States. But this is only going to continue, David. This isn't a bubble.

Gold's not a bubble. This isn't. I don't even know if you would consider this a bull market because none of the factors that have changed gold's price in the past are really changing it now. Like the interest rates, when they raised interest rates, the price of gold went up. When they cut interest rates, the price of gold goes up. It continues to go up because of the monetary weakness in the dollar itself and fiat currency. One of the things that came out of that article was one of the things you constantly said, well, the Fed doesn't own any gold, which is true.

In the United States, it's not the central bank that owns the gold. It's actually the treasury that has the gold. And so they're looking at this as to be an accounting trick that they could do it. They've got it on their books at some historically low. point. I don't know if they've got it on there. It's $35 or what they've got it on there for. It was $35 for years and years and years after Nixon made it illegal. And so anyway, the, you know, when they do that type of thing, it'll be interesting to see how that would affect gold. In that article, they thought that it would make gold go up. And I didn't

really understand how that mechanism would work, except for the fact that if you highly publicize the fact that, you know, hey, here's a new, we found a trillion dollar. here because we bought gold and we held it for a long time. I would imagine that would be a big PR factor for people pushing gold as, you know, you want to do the same thing that the Treasury did, you know, just hold gold for a long period of time and you'll see the value go up as the dollar goes down. The value of gold isn't changing. The value of the dollar is changing.

But I guess that would be the mechanism by which it would help gold. I think this metric goes back to. the 2008, 2009, the GFC, the great financial crisis or the great recession, whatever you want to call it, when they had tarp funds and the bailouts. And that was the first real quantitative easing experiment that we did. The first real one that was out in the open and then just massive. And at that time, David, if you look at the metrics, zero percent gold ordering by central banks at that time. Almost no central banks around the world were buying gold. off the charts. Yeah. So if you, if you throw in the term the Great Reset, this is the end of whatever 1971 started going off the gold standard, the Fiat experiment. In my opinion,

and what I read, I think that we are reaching this point where they're going to, they're going to flip the script. And that's why a lot, it's not just the United States that hasn't revalued their ounces of gold from $35 an ounce. There's lots of countries around the world that never, over $40 an ounce, they keep it there on the books that way. and that's kind of a that's been a mystery why don't revalue why not show it on your books that way i think it's because this is an accumulation phase i think this is accumulation phase not only for gold but for silver as well and it's i i can promise you right now but the being in the business within two different states and being a national dealer i'm a small dealer but i'm national

these the purchases from people are not happening in the way they were two years ago but we are seeing these massive price increases. So a lot of this stuff's flowing to wholesalers, and then it's flowing up to central banks. Or even with silver, it's flowing through from dealers, from the public, the public's trading in their silver, and it's going to institutions. I'm seeing it.

I mean, we're just buying massive amounts of silver. It's hard to keep up with, my job has gotten really strange because even my crew was saying yesterday, they're like, we have to recheck our math because they're not used to these numbers. They're like, that can't be right, an ounce of what? You know, they'll look at the price of a silver half dollar or a dime or something and say, well, that thing can't be right.

They'll run the math again or they'll buy a ring and not to run the math again because it's not, we stayed in this kind of stable price range. If you recall, I mean, we were talking in 2002, David, about the Silicon Valley Bank failure, FTX, all that stuff. And the price of gold was about $1,600 an ounce. So now we're nearing $4,000 an ounce. And a lot of the things are beginning to crack, like the Goldman Sachs Intel, J.P. Morgan Intel that I was reading this morning, they were saying that if only 1% of private U.S. treasury holders went into gold, the price would easily go to 5,000. So that's just 1% of those who privately hold treasuries. And the reason you hold treasuries is for the stability, especially when interest rates are a little bit higher. So you hold it for the stability, and when that stability wanes, when you can't even remotely, you know, see the same value of a treasury, you know, maybe six months or a year from that date, then you look for something else. Gold, it fills that role. Yeah. And I think there will be a move from treasuries. Matter of fact, the Chinese, they used to be the greatest buyer of U.S. Treasuries. Now they're the greatest seller.

So a lot of these metrics are being inverted, and I think that's why we're seeing these prices. I think just beginning, by the way, I don't, a lot of, I think, regular people, they've lived through, you know, different busts and booms for metals. And we go back to the 2011 time frame where gold almost hit $2,000 an ounce. And then Ben Bernanke came out and quelled the markets and said there's no more QE and we're going to do quantitative tightening and all the rest. And that really set prices back on metals. But we're not going to see those days again. I don't think that there's going to be this big fall in pricing based off of market stability. Because as you mentioned, with the government shutdowns, with the bubble, we're in bubbles for everywhere.

I mean, AI is revolutionary, but it's a bubble. And by the way, you need silver to run AI. There's two different articles on zero hedge right now. Silver seeing price increases because of the AI book. So lots of factors in there. Yeah. Yeah, I don't understand the calculation of anybody that would be buying T-bill. right now, because when you look at it, even though the interest rates, I think, are pretty high,

six or seven percent, you know, look at inflation. That's not, when they're telling you what the inflation is, that's not the real number. If you go to Shadowfax, you will see that the inflation number is multiples of that, maybe two or three times what they're actually telling you the official rate is. So even if you buy, you get your money into CDs or get into treasury bills or something like that, it's not even going to keep up with inflation. I remember back the early 80s and my dad was talking to my brother-in-law.

They were talking about how they were transferring a lot of money into CDs because interest rates relatively high at that time. And that was a real interest rate, you know, compared to inflation at the time. And I said, yeah, I'm putting all my money in CDs as well when I held up the audio CDs. That's what I invested in was just consumer. are spending, but they were putting their money into a lot of retirees are putting their money

into CDs and stuff. And it's just, you know, it's going to lose value because of the inflation and because of what is happening. So I agree. I have some customers, the lady recently, she's had money in CDs. And I think probably up until recently, she's probably a normal person who didn't look at the monetary system. And then with inflation, you know, if you're close to the central bank, if you're, when

the outflows happen and they, you know, cut rate so they start pumping funds into the economy you do really well because you can go out and buy those consumer goods or you can buy commodities or anything that haven't been repriced yet but the average person that's when they get hurt you know because the money flows down the prices increase and they have the same amount of purchasing power or the same amount of earning power and that everything went up and that's inflation in a nutshell you know the increase in the money supply increases pricing and so a lot of people especially after 2020 that wouldn't have otherwise wouldn't have even asked these questions

that had just been normal, they're coming in and buying. And I think relatively cheap metal prices compared to what the damage has actually been done to the dollar. I think, and this is taking a long time to

unravel, David, as we've been talking, we talk about this every week, but the massive amount of damage is only going to continue to drive these prices up. Yeah, it's like an earthquake. We've got a lot of fault lines in here, and I hope you're going to have lot of small earthquakes along the way, one giant one, which could be what happens when NVIDIA and the AI bubble burst. But then the other part of this, which makes this unique at

this point in time, is what is happening with digital currency and things like that. There's an article on Free Thought Project. The state just robbed an entire crypto exchange in broad daylight. Canada, the Royal Canadian Mounted Police, just targeted the largest crypto-sexuals. seizure in Canada's history, $56 million, they shut down trade ogre, a privacy-focused exchange in the process. And, of course, we saw Canada do this with the truckers and the protesters of the COVID lockdown, but now they're doing it just because, you know, they can, I guess. And we've seen at the same time, the, what is it, 86 million accounts shut in Vietnam because

people didn't add their biometric data to the account. Thailand is doing the same thing as well. They've already shut down over 3 million accounts, and they said it's going to continue to increase. So everybody is moving to digital ID and digital cash. And to me, that is gold's biggest advantage to me. That's the best game in town, gold and silver, is that you've got some physical money that is out of their digital system.

1,000%. And by the way, I love Bitcoin. I just rebranded my Texas location, wolf gold silver bitcoin love love for its technology but it does it exists in the third dimension you can trade it and be outside of the system and bitcoin can't do that bitcoin you can go from wallet to wallet and you never have to touch an exchange and that's great but you're still on that's what the blockchain is it's a ledger forever but um if i trade a gold coin with david knight for advertising or something who sees that it's just you and i that's between you and i that's

money that we exchange we recognize value and whatever we passed between us and that's it. And that's the way it's supposed to be. You know, Trade Ogre was a great platform. I didn't know that that happened. I followed Tradeover for a long time. They just had no K-YC.

You could go on there and take your Bitcoin, turn it into ripple. You could turn it into Ethereum. You could turn in, you know, if you've got a pirate chain, you take pirate chain, you could cash it out. But they didn't ever deal in with Tradeover. They never dealt with fiat so there was no banks it was just crypto uh exchange and there was but there

was no k yc from what i understand and i haven't seen in a in a few years but know your customer where they id you very carefully and report to the government about that yeah so well which is a huge i mean the amount this is why in the space of crypto there is fewer and fewer smaller operators just like i was looking at i was like well maybe i should take uh stable coin so i asked my compliance officer he's like you don't want to do that he's like it's it's 10,000 just to start and we have to get a license and I go just a deal in a coin that's supposed to be stable and I go this what's the you know it which is a completely open source everything it's not like it's a privacy coin yeah it's like no it's not

worth it so you're exactly right I mean there's there's a digital revolution going on and you know I was on a show yesterday they asked me about it is it's going to be complete surveillance I said well if we allow it yeah I think the fight's still on for that. I mean, the battle isn't over yet, but... We'll see what happens in the UK. I mean, you know, they're up against it, but of course, the Swiss of all places, you know, they always

valued privacy. They just voted in a referendum, the citizens voted to have a digital ID. Now, they promised them that it won't be mandatory for now, right? And we know exactly how that's going to work. But getting back to what we were just talking about in terms of the visibility on the blockchain,

that's the thing that bothers me. It's not only that you're visible to government, Because the government can find out with all the know-your-customer rules and all the rest of the stuff. There's a lot of visibility with anything like that. But with the crypto that is not hidden. And in this Freethought Project article, they talk a lot about Zano, which is a privacy coin, where you have some anonymity of these transactions. However, on Bitcoin, you are visible to everybody.

And so there's private crooks out there, not just the government crooks who can steal from you. And we have seen that. in the past. I was surprised with some billionaire who had nearly a million dollars, is $970,000 stolen from him. He didn't even know it. And some guy contacted him and figured out that it was him. And he was looking at large transactions that happened. And here's this whale-like transaction. And he works out who this guy is. So the thief saw the transactions, saw the amounts of money that were there and stole it from him. And then another person was able to look at this and figure out who it was that had that account and contacted

him. And the guy says, you're right. They stole a million dollars from me. So, you know, that's always been a concern to me when I look at that. It's not like, you know, I'm going to be a target because I don't have that kind of money to put into it by a long shot. But it could happen to anybody. Oh, of course it can. And that's Bitcoin, people mistake that for, you know, I remember talking to DHS agents that came by my shop back in 2019 or so. They're like, it's money laundering and illegal activity. I'm like, well, that's a really dumb thing to do. I mean, it's right there on the blockchain.

I mean, I always looked at Bitcoin as this is like an open source digital money or a store of value. I would necessarily consider it private. You're supposed to be able to, I mean, with, I mean, technically you could keep your wallet private forever as long as you know your key. That's why so many millions of Bitcoin are lost because you can't get into those wallets because of the system design. It's not necessarily private. I mean, the ultimate privacy coin is a one-ounce silver round. That's the ultimate privacy coin or a 10-ounce gold piece. It's ultimate privacy that's just between you and whoever you're trading with,

and that stores that value for you forever. And you can still, if you know, a good local shopper, if you're listening to me, you can always deal with me or send it to me. But, you know, gold and silver are very liquid. So you could, if you had, if you kept your savings in gold or silver and you cashed out the local shop, that's between you and cash, usually. I mean, we still have cash. There's a lot of things on the horizon that are going to be more punitive and, you know, they're going to be looking into transactions and all that stuff. And I'll have to keep up with it.

For right now, you can trade in and out of gold and silver and you don't even need a bank. Yeah, that's right. For most things. Well, and that's what's happening in Thailand, and people are panicking. They're trying to get cash there because. they can see the handwriting on the wall. You know, in Vietnam, they just, it just all happened all at once. 86 million accounts gone.

But, you know, 3 million accounts gone, that's a pretty big thing. And they're boasting that that's just the beginning of it. So, you know, when you look at these things, crypto's not a real coin. And you notice that they always will put Bitcoin out there. They'll make it like a gold coin, like a physical gold coin with a Bitcoin symbol on it. But it's not a coin, and it's not a coin. And it's not encrypted.

The transaction will have some encryption on it to process that. But the ownership and the blockchain is not encrypted. It's all public that is out there. And, of course, the stable coins are not stable if they're tied to a fiat currency. They should call them a fiat coin or something like that. But anyway, it's gold. They're looking at 6% higher by the second quarter. That's Goldman Sachs.

I think that's a very conservative estimate, I think. What do you think? I think it's conservative too. They haven't kept up, a lot of these analysts haven't kept pace with these all-time highs. If they were, they'd be predicting the all-time highs. They never actually do. They get close, but they're conservative, and they're based off of, I think there's an ignorance in the analysts that look at all these, the financial outcomes. I think there's an ignorance there about fiat currency, and there's an ignorance about geopolitics.

And those two things, the geopolitics that are happening right now, the shifts in power, the loss of, dollar dominance, all that should be factored in. It's not because they're institutionalized or they're coming to the establishment. And there's just this normalcy bias. So I think those are conservative figures. I think fourth, I mean, we just crossed $3,900 an ounce. Do you think that $4,000 an ounce gold is, you know, it's way out there in the future. I don't think so. Just one little push. Yeah, they're saying second quarter of next year. And look at how much it's gone up in just last couple of years, a couple of weeks. It really got really close to 3,900, didn't it?

It's high 38. It was it, 3880 something, I think, or something like that. It crossed over, I mean, it crossed in the 3,900, temporary, I could have won one trade. Like, it was, it's real close. So we're in that territory, but we're right there. And I don't think that this is a fantasy or some far-off thing. As a matter of fact, you know, silver is all-time high. It's going to be broken soon.

It's $52.50 and $0.50 an ounce. I mean, we're right there. Yeah. So, you know, within, let's see what spot price is. Last time I did this, the spot price website yelled at me. Remember when I was on when the computer started telling me that I can't go to this website? Yes. So it's just under, it's 46.5 right now.

And there might be some profit taking or something. But we're right there on the cusp of breaking another all-time high for silver. But that's been 45 years in the making. Wow. Wow, wow. Trump Berger says, Tony, tell us about your perspective on the gold-to-silver ratio. It's a scam, or at least it's a phantom. I don't know how you would put that. It's an aberration. Let's put it that way. Historically, it's been 10 to 20 to 1, and that's the way it's always been. And the United States was founded with a 16 to 1, 16 ounces of silver to make one ounce of gold in the ratio. stayed that way until 1933 when franklin roosevelt uh did the big uh financial

heist to have your gold turned in so they could give it to the bank of international settlements and then raise the price did he do that to silver or was it just gold because i never hear anybody talking about uh silver did he not do that to silver as well he didn't do that to silver they reset the the gold price it was twenty dollars and uh i think 20 2050 an ounce i believe at the time when he took it over and then had the gold turned in. As soon as they turned it in, him and Harry Hopkins raised the, which is the banker's agent who lived with him in the White House. They raised the price to $35 an ounce,

but by that time, you know, you couldn't own gold. It was technically illegal. They never really did anything with the price of silver, but it started to change, you know, over time, especially that they made the last silver dollar, David, was in 1935, and that was the peace dollar. You don't actually see very many of the 35s. You see a lot of the 1920s era piece dollars. Those were made in 1921, commemorate the end of World War I.

But, you know, that was the last silver dollar that the United States ever ran. And, of course, John F. Kennedy had that famous executive order trying to reset silver as a monetary medal and run it directly through the, as I can, treasury notes. And you can still see those silver certificate. that were running during that that era but no we we just everything got really skewed because of markets and paper and all the rest of that and i think the true value of silver started to come through in the late 1970s with the hunt family and the the gold silver ratio i mean if i could run the actually i have a calculator on your desk but it was like eight hundred dollars an ounce you know back in 1979 in of 79 it was a 800 say 850 and divide that by 52 so there's 16 right so that was so that's why they put that down okay there was a reset and that was starting to show the weakness and the dollar so the hunt family you know they drove that that price of silver up to 52 dollars and 50 cents an ounce and everything

after that got put down they raised interest rates to the teens and drove people back into the markets and that's where you had like the culture of wall street and gordon gecko and all that stuff during the yeah regonomics uh art laffer and the trickle down and all that stuff and it really just it quelled it for a while but now we're staying and i think all of this is getting uh out of out of their control at this point i mean i agree yeah we've always suppressed the price of gold uh stewart angler wrote the book on that called rigged and i've had him on my show he actually runs like a foundation to expose this uh and and the price of gold being suppressed by the central bank,

by the Federal Reserve and in governments. And I don't think it's out of their control now. So the gold silver ratio, that's a long way to explain it. The gold silver ratio is supposed to be somewhere around 20 to 1. And not 80, one time I think it was 88 last time I was on. But that's something that's also I've been watching and it's dropping. So there's, you know, it takes less and less silver. to make an ounce of gold.

So silver is starting to catch up the gold. Correct. Yeah, it was like 81. So at one time, the first quarter of 2020, I tracked it once. It was 125. It was 125 ounces of silver to make one ounce of gold. I'm like, this is insane. That's not even remotely true or possible or reflect reality.

But when the Russian government got into putting silver on it as a strategic reserve asset, And then you add in that and you add in the AI boom and all the rest of that and the need for silver or the military industrial complex. I think there's a whole host of reasons pushing silver. And we're going to see an all-time high, a new all-time high again pretty soon. Steve says you need silver for bombs also, not just AI. So it's a lot of bad stuff. You also need it for health sometimes, I guess. But Nysa Storm had a comment like you're talking about how they're pushing everybody into the stock market and everything.

He said devaluating the dollar forces people to invest in order to keep up with inflation and to feed the market. And I think that's true even of housing market as well because that was, I remember when inflation was going so big. At that point in time, we didn't have the artificially inflated cost of building because of regulation and things like that. So you could still pull it together and you could see that, you know, and afford to buy a house, but you could see that the price of real estate was going up very, very rapidly because it was the dollar that was falling at the time. So, you know, they force people into real estate. They force people in the stock market with a devaluation of the dollar.

And, of course, that allows them to pay back the money that the government has borrowed with more easily, called monetizing the debt. So there's a lot of reasons that they destroy the value of the dollar for their own. own good and for their own personal interests that are there. So Nice to Storm also says with an IRA or 401, you get taxed on your gains and not so with metal. Speak to that. Well, if you've got, especially if you've got a tax shelter of gold and silver IRA are always

a good thing to have. First, you get the deduction of putting the IRA deposits in and then you get to house the value with metal as long as you leave it in there and wait for you have to go around the compliance and all the stuff of maturity of it but those are your medals and we do those in gold and silver IRAs and I think they're a great way to save and plus they're not in the banking system they're not tied to corporations that are tied to the FDIC or anything like that it's just you know you have to keep it in a in a third party vault but those aren't banks those are they do what they do that's the only only thing the only function they have

is housing gold and silver and keeping up compliance with IRA. So that's a good way to go. So if you take it out to one of those storage places, I know you work with a new direction, I think. When you take it out, do they, even if they ship you the physical gold and silver that's there, do they still report that, I'm assuming to the government as a withdrawal of an IRA? And do they evaluate that as the current value, or do we get to evaluate that? It be based up.

Do you get to evaluate that at where the treasury's got their gold set? That's what, yeah, I want to identify as someone who lives prior to 1971. Yeah, there's always a little bit of compliance there. You have to, what they track, though, is interesting with the IRAs. They just track ounces and spot. So, you know, maybe if you bought something that maybe you bought some trade at like some collectibles that were bullion, you can only buy bullion by the way but if you got let's say you got american eagles that were graded ms 70 and they've got another you know two hundred dollar an ounce value or something or

american buffaloes they're not going to track that value they're only going to track the spot so whatever ounce into the spot and even the same thing with with fractional gold you know fractional gold has a premium but they're only going to track the spot so you know technically that's what is in the IRA they go ounce to spot and then whenever you withdraw they're just going to send you those metals, and it will show a withdraw of that dollar amount. That's interesting, yeah. Well, it's a much better way, especially when the dollar is devaluating so quickly. That's amazing.

So the comment from Steve says, gold and silver, I hold it. But beyond barter, we will have to convert to fiat or to stable coins, is this question. It all depends on how this all rolls out. I mean, I can imagine if there's a real chaotic situation that people would start accepting the goal but they have to have some way to verify that i mean that's a that's an issue of some the states have been flirting with uh allowing gold as legal tender then the question becomes how does the merchant or the person who is accepting the exchange the payment how do you how do you evaluate uh this is real because you know you have to do that when you buy gold and silver from

people i guess that's a little bit of a technical issue yeah yeah it gets really complicated i think what you'd have to do is have somebody like me be kind of in it like you like you would close a real estate transaction at a title company or something like that you would have a little bit of guidance i think it would be the best way especially if you know if you were going to say i'm going to you know use gold to buy this house okay well somebody has to figure out the valuation and it has to be put into some sort of uh you know liquid form in order to fund this through a bank or whatever there would there it's not going to be easy to do that but it's going to be I think um in these states have done this I think it opens up a lot of opportunities and it's great for people

yeah because they can start thinking in terms of holding real money and that's that's the first step and and freedom I think is having real money and the peace of mind that you have that's like okay the bank closed or there's something wrong or they're freezing accounts or whatever or you know they got negative interest rates and I have to pay them to keep my funds in the account. I don't have that problem because I've got gold or silver physical. I've got that. And you're going to, like you said,

it's going to open up some opportunities because you're going to have to have some third party that's out there. It's going to make sure that this just isn't gold paint or something, right? Which is easy to do. I just recently went to a coin show. It was the World's Fair of Money in Oklahoma

City. And I bought two new testing devices that were like a little a lot more sophisticated than what I had and like it will actually measure they showed me some of the new fakes that are out there and they're really good I mean they look exactly they weigh exactly and then I you know there's something

about them that they you can I mean if you have an eye for it you can tell there's something off about it but it looks so good so so real even Silver Eagles or Maple Leafs and stuff and the new testing devices that I have will actually show you how large the coin's supposed to be, not just it, also x-rays it, but it shows you, okay, well, this is supposed to be, this is supposed to be the diameter. But if it's not this diameter, then it's the, because, you know, gold and silver,

dense metals, and they, you know, you can't, it's hard to fake them as far as the size, but they, they, they don't have a good fake. So they would, you know, the general public's not ready for that, not ready for all the fakes that could be used. So, like, the average merchant would have to use somebody, you know, there would have to be something in some way to to facilitate that yeah i had somebody uh we had our retail stores at the video store somebody wrote us a cashier's check and they had gone through and done like the little dots that the cashier check thing would do and it was amazing the bank caught it but even after i

got back the fraudulent thing i really couldn't tell looking at it uh so yeah that that's something that you run across certainly with uh paper money of course the government itself is the biggest counterfeiter that's out there, but assuming that you say that just because the government prints that it's real, other people can print it as well. That's what they call a counterfeit. But Guard Goldsmith of Liberty Conspiracy says, I want the silverback. What's the status of that? Have you got silverbacks now? Are you still looking at it? I'm working on it. I actually met some, they don't make a lot of them. And that's such a great. I wish I had the equipment and I would do it myself. We'd have wolfbacks or something. We would make them. That's just still.

silver and a note, you know, it's kind of like the goldbacks are, but silverbacks would be really cool. There's just not a lot of manufacturing of them, but we will get them soon enough. I probably will, the price of silver will, the people will make silverbacks. Oh, yeah. I promise you. Got a comment here from North American House Depot. My favorite Bitcoin robbery was when Max Kaiser held a paper voucher linking to his own account on his RT show.

A viewer scanned the screen, rather, and swept his funds. wow it's pretty amazing i had not heard that i didn't hear that either yeah oh that's uh wow guard goldsmith says like i said when i joined wolf pack i got silver at 24 per ounce the metals retain their value and demand is rising that's right and everybody like i said everybody realizes that it is the go-to place when things get chaotic and crazy and uh they're going to continue to be chaotic and crazy with Trump there. It's one of the reasons why I think Geraldson says Trump is always really, really good for

gold. He's bad for stability, but he's really good for gold. Well, that's exactly right. I mean, the first Trump presidency, gold broke its all-time high for the first time since 2011. I was on air. I was hosting your show in Austin

when that happened. And I thought, wow, we broke 2000. What a day. I thought that was a big deal. Then we almost doubled it. Since then, it's only been about five years. So, you know, that's, I think that's indicative of the chaos. Markets love certainty. We don't give them certainty.

They start to go haywire. And there's just not a lot of value in what we've built as far as the infrastructure of business in this country, with supply chains and small business being, you said they were not essential and all the stuff that happened to us in 2020 during the lockdowns. That still hasn't recovered. So real equity, it's hard to find real equity, real value. value. And I think that's what people are searching for. And, you know, the default is going to be medals. Yes. Assyrian gold says, so when the criminal government tells us next time that we can't own gold, what is to stop them from confiscating everything in those custodial

houses and giving us a few digital coins for them? Well, I think, you know, most of the people are going to be holding the coins in their own custody, the people who had IRAs and other things like that. If the government goes out there and starts messing with IRAs and and things like that. That's going to generate, I think, a lot of pushback. They've been reluctant to do that. As a matter of fact, you've got an IRA and somebody declares bankruptcy. I know from personal experience as a creditor in a situation where somebody did that, you can't touch their retirement funds. So, I don't know. I mean, you know, yeah, the government can basically and will do whatever it wishes at any point in time, but that is always a concern. They can

confiscate anything that they want. The thing I keep telling people is that, you know, when you look at what FDR did, he didn't get everybody's gold. And when you look at what's been happening with the drug war for 50 some odd years, it looks like just because they prohibit something, they don't necessarily control it. I would say that that's a good indicator that, you know, if they do prohibition, that there's going to be a black market. And I can imagine that a black market and gold would be something that would be even harder for them to crack down on. Because, you know, when people, when there's a willing buyer and a willing seller, it's also, even, you know, law enforcement of other people, kind of like the other way with this, because it's like, this is not harming anybody. I mean, you can try to, you can make a case that drugs are harming people because they are.

But you still have a willing buyer and seller. And so that's one of the reasons why it's been so difficult for them to stop drug use and prostitution and other things like that, even though they do carry harms with them. but with gold you've got to say gold or silver what is the harm of people having this i mean once they take the mask off and they go that level that is a new escalation i think for the government what do you think well i think it would be a new escalation and it's funny i wear on my i don't know if i show this before i have a nineteen seventy nine soviet gold coin that my son bought from a from a person here at the shop in branson and it gave it to me for Christmas still got the hammer and sickle on it and it's a night so in the year i was born it's a

1979 gold coin and what's funny about that it's made by the soviet government and in response to what was happening in the united states with the rise in gold prices and uh you know they're a gold rich country with the soviet union or russia and um it was a response to what happened to the dollar and they made these gold coins and i think that's interesting because the the coin outlasted the government of the soviet union and i've got this coin to remind myself of that and i think it's a it's a neat token from that timeline but no you're right um that would be a bridge too far they would first of all fDR made it illegal for you to own gold but there wasn't like this mass confiscation and how i know this is because people sell me

pre-1933 gold coins all the time somebody kept the gold you know um and and the hardest money wins i think gold and silver will be a lot more attractive in the coming years because we were fine for a good while. I mean, the dollar held up as a stable medium of exchange, and now that's going away. So, you know, gold and silver and perhaps even things like Bitcoin will replace. I can imagine Bernie Madoff saying that about his Ponzi schemes. We were fine for a while. Everything was going really well.

Yeah, that's fine for a while until it's not. That's the thing is, well, it's really about perception. I mean, it's like you... It's kind of like Indiana Jones when he switches the bag of sand for the relic, you know, and then he thinks everything's okay, then the ball. I think that's really more like what happened in 1971. It's like it starts the ball rolling. And it seems like you're going to escape it for a while,

but eventually, you know, it's going to get you. And I think that's where we are. People will start, there's going to be all sorts of things happening. with it's a revolution of money it's a revolution of the monetary system so i always think about the quote yeah it's always think about the quote from hl minkin who had libertarian leanings and he said you know when they did that with uh alcohol prohibition gold prohibition he goes so last year if i had a gold coin and a flask of a whiskey in my pocket the whiskey was illegal and the gold was legal now this year the whiskey is legal and the gold is illegal just the arbitrary nature of government you know coming in

there. A comment from North American House Hippo, and thank you for the tip. He says, last week Tony was right about the Bank of Canada having zero gold. However, the Canada pension plan, their equivalent of Social Security, holds over $500 billion in private equities, half of them in the U.S. So there you go. They don't have any gold, but they're in the stock market. That might not work out too well. I don't think it's going to go well. They just sold last year, they sold a high rise in New York for a dollar. That was the Canada Canadian Pension Fund because real estate prices and office rents were down and they just basically just removed it for the debt and just walked away. Wow. Wow. You know, Trudeau and

those guys, they're geniuses, aren't they? Well, anything else? China. Yeah. That's right, because they can do whatever they want and they don't have to be accountable to anybody for it. Anything you want to tell us about what's going on at Wolfpack? All these stuff going on, uh david night dot gold and and we've got deals on silver and get in touch with us i've got i bought 250 uh Morgan silver dollars yesterday i give a great price on there at the texas location so if you want to get a piece of americana i've got those i've got lots of silver rounds and other things and it's just really easy to use wolf pack i made it really if you want to do a one-time purchase the we added the 750 level which might be out of some

people's price range, but especially for a one time, you can go on there and select one time on the Sigma Wolf, and then you can choose gold, silver, or mix. And we'll write a, we'll write a detailed invoice for any of those three options. So just at that one purchase price level, if you got, you know, a little bit of savings, you want to turn them into metals, that's an easy way, or just down to the $50 level. We, we're still putting goldbacks in the, in the lone wolves. So I'm working on the infrastructure of that right now. It just seems like, it seems slow. But I'm actually working fast. Just slow results.

Well, it's always great to have you on. And you're going to be following the show today. When the show ends at noon, you've got a show that picks up. Tell us a little bit about that. Where people can find. Arterburn Radio Transmission, that's a show I've been doing since 2018. And spare politics and precious metals. And we go an hour.

We're live on WWCR and Worldwide Christian Radio. And we've got YouTube. And I'm at Tony Arterburn. Twitter, Rex, at Tony Arterburn, and the America Unplugged channel over on Rumble. Come join us. I'm going to see what I find interesting in the next 30 minutes. That's great. Okay, well, thank you so much, Tony.

Always great to have you on. Thank you for your support of the show. People, you can get to Tony through David Knight.gov that he has set up. They created common core to dumb down our children. They created common past to track and control us. Their commons project to make sure the commoners own nothing and the communist future. They see the common man is simple, unsophisticated, ordinary. But each of us has worth and dignity created in the image of God.

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