The David Knight Show - Gold Skyrockets to Record Highs as Global Financial System Teeters on Collapse

Episode Date: April 17, 2025

     Gold smashes through record prices, soaring nearly 100 times its 1971 value, while the dollar crumbles under a chaotic financial meltdown! With the gold-silver ratio hitting an insane 102:1, trade wars escalating, and central banks like China’s dumping dollars for gold, experts warn of a controlled demolition of the American economy.     Trump’s tariff frenzy and calls for massive liquidity injections are fueling uncertainty, driving markets into chaos, and pushing investors to gold as the ultimate safe haven. Is this the final blow for the dollar?      Don’t miss the shocking insights of Tony Arterburn, DavidKnight.goldMoney should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Joining us now is Tony Ardaban of Wise Wolf Gold and we've got so much to talk about. And again, he set up David Knight.Gold that'll take you to Tony's Wise Wolf and let him know that you came through us. And as we look at gold going up record prices, as Tony's always said, you know, when it starts shooting up, that's when everybody gets interested in buying it and so it's kind of a feedback loop but there's some other fundamental things that are driving it as well thank you for joining us Tony it certainly has been an amazing week hasn't it? Well we keep saying that. Yeah I know every week. Every time I come in it's another record

hi David and the monetary system's melting down. Well what's gonna happen next week? Stay tuned folks look we've got the gold silver ratio now is 102, it's 102 ounces of silver to make one ounce of gold. Isn't that absolutely insane? That is. The history has us at 10 to 20, at most 10 to 20 ounces of silver to make one ounce of gold. That changed around 1933, but it's never, I mean, never been like this on a consistent basis. 102 ounces of silver to make one ounce of gold.

That's a price disparity in and of itself, but as I was telling you off air, there's something really wrong with the price of gold itself based off of the dollar. I mean, in 1971 it was $35 an ounce. So it's almost 100 times. It's almost 100 times what it was on August 15, 1971. And gold really hasn't gone up in value. And of course, it increases about 2% or 3% a year in supply. So it's kept up with inflation and other things. But that's the price of gold versus the purchasing power of the dollar and almost 100 times,

David. Absolutely amazing. That truly is amazing. And of course, we had a lot of things happening with pronouncements by Powell, things happening with the stock market, stuff happening with tariffs. This war between China and the US, the trade war, is driving people away from the dollar, away from treasury bills, and even more so into gold. As you and I have been talking about for the last couple of years, China's central bank and others saw this coming, especially saw it with the tariffs, and they started moving away from the dollar and towards gold.

They're seeing the resetting of the financial system and now, I don't know, I don't see anything fundamentally changing with this. I think this is going to get really crazy and I think this is part of the financial meltdown. I think Trump wants that. I do too. What else would explain this sort of chaos? Markets love certainty. You're not making it advantageous for

companies to move here, build here, invest here. We haven't restructured, not working on our internal tax system, we're working on an external tax system at the same time. So we haven't lowered taxes, we're actually raising taxes. You know how I feel about tariffs. I like tariffs. I think that there's sound, I think they can create an environment of freedom and liberty. The problem is if you add them on top of the income tax, you just get a new tax.

So it doesn't make any sense on its face. And I think that's why this has nothing to do with economic nationalism, has everything to do with the controlled demolition of the American economy, the American dollar. It's the rhetoric back and forth between Trump and Powell. Trump put out on his truth social that he's looking forward to Powell's termination. Termination can't come fast enough is what he said based off Powell's remarks on tariffs and everything else and he he says he's always late.

He wants Powell to act, and this is part of the weaker dollar strategy. If you really listen to what Trump says, he's trying to get the Fed to inject massive amounts of liquidity into the markets, QE, and of course, Powell, as we've covered for the last couple of years, has raised interest rates faster than any other Fed chairman in history trying to curtail inflation. So that it goes against the policy. I mean, if you want to call the Fed hawkish, it reverses all of the Fed's policy over the past two or three years.

And that would be absolutely devastating, a final blow for the dollar, if you will. And it might lend a, I think, a temporary blow for the dollar, if you will, and it might lend a, I think, a temporary boon to the economy. I think we would see, you know, stock prices would soar. There'd be a temporary high, but ultimately that sort of injection right now, when we're at 125% of debt to GDP, David, that would be the final blow. I mean, I think after that we'd be looking at the fallout from that because you could no longer really do anything by injecting

liquidity. That's like the last run. It's just based off mathematics and I think that's what Trump wants. I think he wants a giant liquidity injection and then you can put a, hang a question mark over that, you know. he likes injections. He likes injections. So COVID injections, maybe even, you know, heroin injections, because that's what this is like. This is like a junkie looking for a fix. And you know, he can't get high anymore and he's going to have to use more and more. And eventually he's going to OD and we're going to have an economic overdose of quantitative

easing. It's going to kill the economy, kill the government. And, you know, this is, this is the guy who bankrupted casinos. No, one of the things that he really, I guess, really got him angry was what Powell said in his remarks yesterday. To the economic club of Chicago. Just read these two here. We may find ourselves in a challenging scenario in which our dual mandate

goals are intention tension, if that were to occur we would consider how far the economy is from each of these goals and the potentially different time horizons of which those respective gaps would be anticipated to close." But then what really got his ire, I think, he said, "...terrors are likely to move us further away from our goals, probably for the balance of this year." And he said, for the time being, we're well positioned to just wait for greater clarity before considering an adjustment to our policy stance.

So what he's saying is, like all the businesses out there and CEOs and everybody's like, well, we don't know what Trump's going to do in another 12 hours, so let's just wait and see, right? It's this uncertainty. You know, that's the other thing that has jumped into this, Tony, besides, you know, the inflation and the spending and, you know, adding taxes and everything. It's the uncertainty about everything. And that's freezing everybody.

And even now Powell echoes it and says, well, we're going to just wait and see what he's going to do. Wait and see what the stuff shakes out before we make any policy commitments. And everybody is doing that with their businesses across the board, across the world. Well absolutely, I mean the uncertainty is what is causing all of the market chaos and the whipsawing and the back and forth. I noticed something, there's a metric, you know the Chinese used to be the largest holder of US treasuries, now they're the greatest seller.

This is the upside down and this is the changes that are on the horizon are absolutely massive. You look at de-dollarization continuing the trend. If he gets his wish, I think that's what I think we're trying to suss out here, is what is the goal? Because, you know, Powell, he's not wrong about the tariffs because we're placing tariffs on a top of a system that wasn't designed for economic nationalism. It doesn't look like policy. And policy would be a reformation of our current economic system, how we tax, what incentives we give to corporations and to individuals and to investors to build things here.

We didn't do that. We just put a relic on top of a system from a bygone era. We put a relic on there on top of a new system that is designed for cheap liquidity. It's designed for debt. It's designed for fiat currency. It's designed for, you know, again, the currency creation in order to survive. You know, the stock market in 1971, go back to Nixon's era and go off the gold standard, this is a completely different economy, different everything, you know, it used to, and you know this, I mean, it was the stock market was based off of earnings and, you know, profit and loss statements, you know, the Warren Buffett's era that it's no longer that way it's about your it's about ESG

it's about your ties to central banking and venture capital which all that just circles around itself this has nothing to do with with old metrics and building things and and manufacturing and all that stuff so yeah putting the tariffs on there like that, it doesn't make any sense and it will be inflationary. But again, because we didn't cause, there's no carrot, it's just stick. And that's to tell, this is not about that,

it's about forcing Powell or forcing a new chairman of the Fed, which is, I'm surprised he even stayed on. I was always surprised he stayed on. I thought this is by a good, you know, exit stage right there, Jerome. You should probably exit because this is gonna be a bumpy ride. He didn't do that, so you know, that's on him, but something is going to happen. I can't imagine they've gone all this way to become fiscally responsible. I had a high school student, the daughter of a lady that works for me

in Branson, she texted me earlier this week and said, can you tell me how the U.S. could balance the budget? And so I sent her back an audio message and I said, well they'd have to pass a balanced budget amendment, they'd have to cut spending, they'd have to spend less than they took in. This would have to be a complete reformation of the financial system and I said they'd have to, we'd have to re-peg the currency to something stable. So we wouldn't constantly lose purchasing power. There's a few steps, you know, there's, you'd have to have, I would have sent her

back a three word reply, I'd say, follow the constitution. Well, that's right. That would be the big cuts to the welfare warfare state that would eliminate for real, all this stuff that Doge is playing around with the different on the fringes, you know, just completely gone. That's what it's going to require. Absolutely. And I said, you know, we'd have to end, I called it the welfare warfare states. There's like three things to me. If all the constitution, that's even, of course, that's what David and I would say. I had to make it convoluted, but that's what I looked at. I said, but we don't talk about that anymore.

Yeah. We don't talk, that is not on the table. So, you know, I think that that is the tell, if you want to read the room, this is not the spirit of the age, the zeitgeist, if you will, that they're not throwing that out saying, we need to become fiscally responsible. Nobody talks about that.

This is all about strategy and who gets left holding what. Yeah, this is the Machiavellian monetary theories. Oh, I like that. Another MMT, right? I'm going to use this politically for something. You know, it was interesting. You mentioned it's all stick and no carrot. And that was the same thing that a commentator on RT, on Russia Today said as well, in terms of talking about the two big issues here, how is the EU going to respond to Trump's tariffs and things like that? How is China going to respond?

And they said, well, you know, for the EU, because of, you know, the dominance of the US in so many different ways with him, they will probably grudgingly go along, but it's all stick and no carrot. They don't get anything out of it. He hasn't given them anything to go that way, but he's got a big enough stick that he could beat him with that maybe they'll go that way.

And so for China, he's talking about it, and this is a key thing when we start talking about devaluation and things like that, China devaluated their Yuan. And so what's Trump gonna do? Is he gonna respond with that? Is he gonna devaluate the dollar? You know, that's that's part of what they've always done with the China price is currency manipulation. And so, you know, how does he respond to that? You know, everybody says, well, Trump's holding all the cards because we buy more from them they buy from us. Well, not at all. I mean,

besides the rare earth minerals that they've just stopped, that they've got like 90% of the processing on globally, so they just stop that. They can devalue their currency. They have also matched him on tariff rates. So as he goes up, they go up and they keep going up. But he doesn't have any cards to play when it comes to devaluation because that's going to work against dollars, certainly work for the advantage of gold when it comes to minerals and other things like that.

It seems to me like he doesn't have the cards. He's got the big stick with Europe, but he doesn't seem to have the cards in the trade war with China. And I think that that's going to continue to go on. And I think it's this instability that is there, this uncertainty that he's created that is driving gold the most. Don't you? Well, that's what the Chinese are buying gold or dumping treasuries to buy it. The world's buying gold. Um,

and I think this has been happening really accelerated rates since 2022. When you look at when we put the sanctions on Russia, and then the ruble fell and then bounced back. And then they stopped using dollars and went did direct trade deals with places like India and China for for petroleum for gold and vice versa. I think what we're on the cusp of is a a world that's moving away from the dollar. I've said for a while, I think gold is already the world's reserve currency. It's just not in name. And that's what BRICS is working on

and cross border payment systems. If this was 20 years ago, you could probably take on the Chinese, no problem. But we've given them so much. We gave them the infrastructure. We gave them the trade. We gave them the technology. They're cheap much. We gave them the infrastructure. We gave them the trade. We gave them the technology. They're cheap energy. We gave them the wealth.

We gave them cheap energy. We gave them cheap energy. Yeah, you think you're going to manufacture them? Opened everything for them. You know, we built them up so we could do something like this because we can blame the other. I think this is another part of the great reset or the technocracy. They've been building up China since the trilateralist formed in 1973 with Zygmunt Brzezinski. It's moving the technology eastward and building up their infrastructure. Of course, we opened China in 72. Everything following the timeline, David, last trade surplus the United States ran was in 1974. This all makes sense if you look at it in reverse. And now we get here, it's hard to see

exactly what the next move is, but it's not good. I think it's just using this as a buffer, you know, using them as the other, the setting up the boogeyman, because the damage that we've done to ourselves with our own policies, with globalization, and you you know with you know the empire the American empire has been absolutely disastrous and this is not this can't last forever that's what we're up against is a the timeline is the window for us fixing our currency and our our system is rapidly closing and it's not going to be great it's not going to be it's not going to be sunshine and rainbows on the other side I hate doing this because it sounds so pessimistic I

know but you just I mean look I'm in the dollar was starting $35 an ounce for gold in 1971 and now it's almost 100 times almost right there I didn't think this is something I've been studying for years and years and I got to say this all the time, but it's moving faster than I thought it would. I mean, we're really in a different timeline now. Yeah. Peter Schiff has said, this is what I've been talking about for as long as time is here is here. You know, and all of the gold bugs have all been saying that. But that's the case. As you point out, you know, that ratio to silver, everything is floating to gold. It's not into Bitcoin, it's not into silver, it's not any of these other alternatives

to these fiat currencies. It's all going into gold right now. And so it's acting like a big hose that's there. And that's one of the other things. Bitcoin, as one person said, well, we're poised for a 2023 style rebound as Goldman says, the dollar is overvalued. Now that's coming from CoinDesk and they're going to look at it, oh, well, the dollar is overvalued so we can have a rebound with Bitcoin.

Well, not necessarily. It's just like the silver thing. Is it going to be gold that everybody's going to run into? And that's what we've been seeing is that that's where the the foreign banks are going the central banks are going and a lot of individuals are going into gold because they see that as the you know the an island of stability and this chaotic situation that Trump has manufactured well what do you think about Bitcoin I mean is is that going to regain this or is it going to kind of hang around and wait for

the economy to settle down on the stock market and all this other uncertainty about tariffs? Well, I think Bitcoin is actually held up okay. It hasn't done – I mean, this has always been the question, is Bitcoin digital gold in times of uncertainty, in times of fear, in times of chaos, can Bitcoin hold its own? It certainly has done okay. Give it a C minus. It's not a failure, but it did have a lot of price drops since inauguration day, which was, I think, 108,000 days. I think it was trading the other day at about 86,000. So not terrible. I mean, it's not like a lot of these stocks, I mean, they were just, or some of these mean

coins, other things that are digital assets that like Trump coin or whatever that just plummets. So it's held up okay. I think Bitcoin and the infrastructure, and I have a Bitcoin company, I think long-term, it goes, I think, hand in hand with gold in some way. And because it's a digital, it says something that gold can't do, but gold does something that Bitcoin can't do. A lot of these people that are Bitcoin maximalists, I scratch my head. I don't really understand why they think that Bitcoin will demonetize

gold or demonetize silver or everything goes to zero again. It seems kind of cultish. I mean, I like some of those guys. They're very smart people. But at the end of the day, I don't agree with that. I think it's just another asset alongside of precious metals that has a long-term viability. I don't like any other cryptos. I don't sell any other cryptos. I don't deal in them. I think Bitcoin being the only, it is an island unto itself. So I'll leave that and put a pin in it. I don't know. I hang a question mark over it. I think that I definitely see a rally for Bitcoin sometime in the next 24 months. But right now, nobody's doing anything. I mean, when there... I think what might happen, I think you and I can probably...

What was that? What was the Johnny Carson bit, you know, where he puts the letter and opens it up, he already knows... The great Karnak, yeah. The Karnak, yeah. Karnak was magnificent, I think, yeah. Yeah, it was like, what is quantitative easing? That's what we're going to get. And when that happens, it always happens following that when they get some new Fed policy and there's trillions dumped in or something, there will be this boon.

It'll be like everything is happy and everybody's doing great. And then Bitcoin will rise. There will be a sell off in gold at some point, a little bit of selloff. It'll pull back, maybe not that far, but there'll be some, I think that's what happens a lot when these, in these times, when there is an opportunity to buy something, people will liquidate their gold holdings, which puts pressure on the price. And so that'll come out and I think Bitcoin will go back over a hundred thousand. We're not that far away from it. It'll top another hundred thousand, but I think Bitcoin will go back over 100,000. We're not that far away from it. It'll top another 100,000. But I don't – in this current environment, a lot of these new technologies can't grow,

whether it's AI, whether it's crypto. It's just stagnant. It doesn't know what to do, because the global order is being reset. That's right. The entire global economy is being reset. So for the foreseeable future, it's commodities. And I think maybe in the totality of this decade and to this century, it's going to be commodities, rare earth minerals, who controls things like crude oil and gold and silver

and other things. I think real estate, timber, I think those will be, that's true wealth. And all the other stuff is speculative. So I think they have an upside. I got a question from somebody. When you mention commodities, I got a question from somebody here. James Faithways says, can you ask Tony what he thinks of buying a little copper? I understand the premium is high and that it's not really considered to be a precious metal, but I can't seem to get a straightforward answer on it, he says. So what do you think about that? I think it's a great idea.

If you can get copper, it's only good. Look, a copper against any currency, that's what you have to remember that if you're using fiat currency, whatever currency it is worldwide, whether it's the Chinese Yuan, whether it's Japanese Yen, whether it's the Euro, whether it's the Chinese Yuan, whether it's Japanese Yen, whether it's the Euro, whether it's the pound sterling. If you're buying a commodity that is limited, it's finite in this market, you're doing good. You're gonna replace something.

I mean, copper, I wouldn't necessarily, I mean, in history, the copper has been money because it's been the penny and other type of coins. We stopped making copper pennies in 1982. But there's still any penny prior to that is copper. If you go look at it, so next time you see a copper penny, you should save that. It's worth more than the cent. Put that away.

So I think, yeah, copper is a, is a, I, I, sometimes we put copper, uh, bullion rounds in, uh, for gifts and things like that into Wolfpack and, uh, some of the direct purchases that we get at Wise Wolf. Um, because it's just, it's an extra little thing, but yeah, I mean, I have, I actually have copper bars I bought from a customer years and years ago, but they had like, you 10 ounce 20 ounce copper bark yeah stack those and if at the end of the day that's wealth mm-hmm mm-hmm yeah especially when Trump is stacking taxes you might want to stack metal

taxes on top of taxes yes that's what I was you know start stacking it yeah that's it yeah you know when you look at this, and we were talking about crypto before, I think the play that's going to happen is going to be stable coins, because that's something that they're going to use, and we're seeing this more and more, people talking about it. This article, headline from Zero Hedge, stable coins supply to surge to $2 trillion in order to support the US dollar's hegemony. And I think that's exactly what the play is when you look at Lutnick and his – or Lutnick, whatever it is – when you look at his connection with Tether and how much

he is in the treasury bonds and things like that. As countries are getting more and more reluctant to buy the treasury bonds, they can get a stable coin to suck it up, and it's a dual win for them because they can start to move us over to a digital currency. They can use that then to control us economically, to deny us being able to use it, to track what we're spending, but then then also soaks up their treasury bonds and their debt that as other people start to get reluctant to it.

What do you think is gonna happen with that? Is that the path that you see moving forward? Well, unfortunately, I think that's the trend. It has to come in that form, you know, based off of the rhetoric of, you know, being anti-CVDC. I always thought there was something underlying that. I think this is the, what did the Zygmunt Brzezinski say? We needed an end run around sovereignty with the technocrats, we needed an end run around

it. They're going to do an end run around your perceived notion of CBDC with stablecoin. It's really not that hard to suss out when you give it five minutes of thought, because this era of history, this timeline, the resetting of the global financial order, the generational wealth that will be created, if you will, when they change the monetary system. I think a lot of this is on the table. I think they're looking at who will control the keys to

some of these technologies, blockchain, whatever it is. It won't be Bitcoin. It won't be Bitcoin. I know too much about Bitcoin and the decentralized network. It won't be Bitcoin. I don't see it being that. I think you're right. I think you're right. I think the thing to watch is the stablecoin and those who control that and then pairing that with things like the dollar, but it's worldwide. The Bank of International Settlements has been working on the clearinghouse aspect of this, the IMF with their UniCoin. It's all about centralization and the technology of blockchain using these stablecoins to get back somehow to what's the

original goal. I don't think we've ever, perhaps we've never left the paradigm of the old new, there's nothing, it's the old new world order. I mean, it's maybe we never really left that and we just, this is all a distraction to give us, you know, the illusion that there's, you know, a populist uprising, but perhaps this is all just been a, you know, and it looks more and more like that. It's like a fun house mirror version for people like me that are nationalists and believe and think like the way that the country was built. And then you see, you finally get the tariffs and then they're this. Yeah. was built. And then you see, you finally get the tariffs. And then they're, they're this. Yeah.

And you just go, wait, that's not what I was, that's not what I meant. Um, and, you know, or you get this, it's, this is a very strange time. So it's hard. I think, you know, when you really just go back, well, perhaps this is just, uh, it's all a pageant. The world's a stage is Shakespeare. Yeah. And, uh, and Trump is an earthquake.

He's just juggling the tariffs. And are we not amused at seeing him change them every couple of hours? It's insane what is happening with it. But yeah, it's stacking the taxes. And it is also the uncertainty and the capricious and arbitrary nature and how it's constantly changing. That's what's really wrecking everything.

You and I have both agreed that we like tariffs better than we do an income tax. I like any kind of tax better than I like that. I don't like taxes. I don't think taxes are an engine of growth. But now you've got people out there who are cheering it. Oh, we've got to have tariffs. You know, it's what made America great. No, it isn't. You know, it was the absence of taxes and a small government that made America great, and they forget that. But, you know, when we talk about this stablecoin thing, it's interesting to see there's a couple

of articles there on Zero Hedge. The first one talking, I just quote you the headline for, about stablecoin turning into $2 trillion and soaking up the debts and, you know, becoming, soaking up the, supporting the US dollar hegemony and that type of thing. But then also the fact that the debanking issue with crypto has not been solved yet by the Trump administration. You know, that was going to be, that was the attack that was coming on all the crypto community under Biden.

That's still an issue. And that's going to be an issue if we got stable coins, because they're gonna be able to effectively debank individuals and stop you from buying certain things. It might be a geofence around a particular area. You can't take your coin out of your 15 minute city or whatever, maybe it's going to be a geofence around a particular item. You can't buy this kind of gun or guns at all, that type of stuff.

So there's all these different ways that they can use it to control us, and I think that's where that's going to go. But with, you know, with everything that's happening, as I said earlier, Peter Schiff said, this is what I've been talking about for years. This is the dollar bubble just burst was his statement about it. And he's not the only one saying that. I mean, he's a gold bug. He's always been saying that.

But now there's articles on places like Market Watch saying the US dollar's role as the de facto global reserve currency is looking increasingly uncertain. They're going to have to pivot just like they did when Bretton Woods too, where they went to the petrodollar. They're going to have to pivot just like they did when Bretton Woods too, where they went to the petrodollar. They're going to have to pivot to something else. I think it's going to be the stablecoin because then that's how they're going to try to preserve their Machiavellian power and then usher in the new technocracy as well, the surveillance state.

I think that's where they're going to pivot. Well, and I think they'll say the advantage that they have there, what makes it different this time is that they have the ability to expand and contract the money supply at will. They can do it in real time and they can use this technology. So we'll never get, you know, that we can always account for every single cent. That's the way they'll sell it. And this is the way we can control it to be stable. It's a stable coin. Something like that. But really it's about, we've said it, Catherine Austen-Fitz has said it's surveillance disguises money. They haven't given up their goals for these control grids and things that they want to do with the financial system. But at the same time, a lot of things are out of

their control. I mean, you look at the history of the dollar and where we were in price structuring against gold and then everything that's kept gold suppressed. I think all of those things, I think the wheels have come off. I think the black swan event was the tariffs in a lot of these countries. I mean, look at Germany. Germany is absolutely worried about its gold holdings in the US. That's a country.

It's not a corporation. I mean, it's a whole country that's like, hey, is this available? Can we get that? They want an audit, all that stuff that's going on. They're not alone. And a lot of these vaults got cleaned out. The London bullion market, that got cleaned out.

A lot of their holdings were rep out. You know, the London bullion market, that got cleaned out. A lot of their holdings were repatriated. Nobody knew exactly. So when those contracts, you know, the stuff that they've papered over for years, David, like hiding deep in those vaults, these papers, you have to account for it at some point. I think that it's anybody's guess at this point and where we end up on price, where we end up at anything, especially when the ultimate goal here of the Trump administration is not economic nationalism, it's quantitative easing. And so we just look, it's not about strengthening the dollar, it's not about having a state, it's about short-term boons in the stock market. And I think that ultimately that's fake. If you're buying gold and

silver right now, I think you're doing yourself a favor by holding on. You're preserving your wealth as the currencies of the earth continue to go to zero. All fiat currencies, folks, go to zero. History does not show me one single currency backed by nothing that stays around, okay? That's hung around. The average lifespan is 26 years. I don't have to be some sort of seer or I don't have to be, you don't have to be Nostradamus. You don't have to be the smartest man in the room. You just need a library card and you can figure this out. It's going to zero or it's going to a place where it's, you don't recognize it. It's like what we talk about every week. I mean, you go look at the price of silver in 1980, it was $52.50 an ounce. Well, that doesn't even make any sense today.

I mean, right now, I look at the spot price, you're at $32.17 an ounce, and it's 2025, and we debased the dollar trillions and trillions of times over. I mean, so what does that mean? Well, I just think all of this is the metrics. You're judging it the wrong way. There's something else underlying this and I think the wheels are going to come off and I think we'll see a true price valuation sooner than later. I agree. Yeah, I think, you I think the fact that gold is taken off from silver and from Bitcoin is a function of what a lot of foreign governments are doing.

They see gold as that currency of exchange, not necessarily these other things. And so I think they're piling into that a lot. And I think that the public has picked up on it. They look at gold as a safe haven. I look at it as privacy. All these different commodities and things like that, I see it as a privacy issue. And I don't think you can put a price on privacy when you're talking about these digital currencies.

So regardless, it's great if it goes up and I'm holding it or whatever, but to me, it's really about the privacy because I think that the stable coin thing is what they're pivoting towards. And that's going to be really, they tied the petrodollar in there to energy, and of course that's something technocracy wanted to do, and they tied it to something that was real. But this time, as you point out with ESG and all the rest of stuff, their objectives are really about total control. And so they've got to have some kind of a digital currency. And the stablecoin would be a way they can get that digital currency and still maintain their hegemony.

You know, when we look at what is happening, I'm looking at all these different headlines. Gold jumps $100. Gold up 25% for the month or whatever. And how high did it get? Was it $3370 something, was it? Yes. It's almost $3,400 an ounce. That's amazing. And the calls now are $4,000. Wow. I think there's analysts and major banks that are saying $4,000.

Because when you have de-dollarization worldwide, what is the price of gold? Yeah. What is the price? I don't think we've, I don't think we, this isn't the price discovery, I don't think it's true. And much of what has happened over the years with Stuart Angler, you know, who wrote the book Rigged I've had on my show, he spent his entire, like, last 30 years looking at the gold price suppression. Yeah suppression and how they've done it. I don't think they can do it anymore, David. Perhaps they don't want to. Perhaps this is part of that because it doesn't seem like anybody's putting an effort in. I mean, the Fed is watching gold, believe me. The Federal Reserve is watching gold right now, very, very closely looking at this

wondering what their next move is going to be. the world is watching it that's why I think it that you know I said this back in December I think gold is the world's reserve currency the dollar has been supplanted you go back into Basel 3 at Switzerland the Bank of International Settlements in 2021. That's when they removed gold from a tier three asset to a tier one asset. And then central banks started supplanting their holdings and it surpassed the euro. So it was way down on the list and now it surpassed the euro as number two holdings of central banks around the world. The number one is the dollar, but I think that's only for transactional at this point.

It's not about stability. I think the world is moving to gold faster than I thought possible, but it's certainly happening right before your eyes. Well, everybody was concerned about it and became more concerned because of Biden using it, weaponizing it back in 2022, and then Trump has just doubled and tripled down on it. It truly is amazing. I've got a question from a high boost for you. He says, can you ask Tony, wouldn't it just be wise for businesses to wait four years

and let the next selected president fix all of Trump's mistakes? Is he just the Hegelian dialectic, he says, that's there? I think we pay way too much attention to the so-called policies of either party or whatever is going on. I mean, you have to start thinking in terms of your own autonomy and sovereignty, and what's the best move. You think outside of politics, whether what administration is going to do, X, Y, or Z. David and I talked about this before the selection and we said, I think we called it. What's going to happen? We talked on Halloween. What's going to happen on the election? If it goes Harris or it goes Trump? And I think we called it and now it's resetting itself it didn't even matter

you know because we threw the tariffs in and that I think you know the price of gold would probably be similar if there was a Harris presidency right now because they'd be going after crypto or something like that or they'd take us to be deeper into the war with Russia and Ukraine or something like there'd be some policy difference but the goals are always the same yes you know We're not fixing our fiscal house. We're not reigning in the empire. There's nothing new here. It's just the fundamentals are all there. So I think whether these, it doesn't matter what administration, you need to bank on yourself, understand what the difference between currency and money. But there's always

underlying opportunity in this too. I don't want to sound like an alarmist, but I don't think it's going to get better from the top down. And I definitely, you know, if you've got a 401k or IRA folks and there's a temporary lull, you really need to consider putting that in. And this is not financial advice. Can I just bracket that? I don't know where the prices of metals are going, but I feel like I know where the prices of some of these stocks are going and these pools of so-called value. I don't think we're going to hold up well in an uncertain world or any of the things. Especially, I

looked at something the other day and I brought it up on the show. $1.2 trillion of holdings of the mortgage-backed securities, the same, that acidic thing that had like the China syndrome where it melted into the markets and caused the 08 debacle, $1.2 trillion of those holdings are held by foreign governments. And the largest foreign government holder is China. So China can literally just, you know, you're not gonna win this. If you're going after China with the stick, they've got too much leverage and they think long-term.

We think presidency to presidency. They think 100 years in the future and infrastructure, they'll lose for a long time just to win in the end. So you're not gonna beat them that way. You know, if you really wanted to go after China, you would, you create an atmosphere of liberty. You create an atmosphere of free market. You would incentivize, you would take off the regulations, you would give people certainty

and incentive and that's the, you know, just the same way you balance the budget, you know, follow the Constitution, that's good. Yeah, you have stability and freedom and liberty and stability and liberty would win every time. But instead they want to become like China, right? Because we've always seen this from all these presidents, remember George W. Bush, I wish I could be like the Chinese government, just tell everybody what to do. Or you see Trudeau saying this. I love the fact that they can just tell people what to do. I wish I could be like the Chinese government, just tell everybody what to do. Or you see Trudeau saying this.

I love the fact that they can just tell people what to do. I wish I could do that. They all want that, and that's what we're seeing from Trump. Everything is an emergency, and the solution to every emergency is to let him make all the orders and dictate the solutions. And so he wants to be like Mao or Xi or whatever. So it's crazy, but that's where they're headed. So the best thing that we can do, I think, is to try to get out of that system, try to

maintain privacy as much as we can, try to prep for what is coming. A lot of people are looking at this and the instinct of a lot of people, especially who have been in the stock market, as they see the stock market failing, they decide they're going to get into these gold and silver ETFs. And that is not... I wonder how they have been going, because I first caught onto that. I did that myself for a while, and then I saw that when gold started to move, they weren't moving. And I thought, what's up with that?

Why isn't that going up? Why is it flatlining? And then I realized as I looked into it, it's like, no, they're not, this is not actually an ounce of gold there that they're splitting in 10 different ways and selling you a share of it. No, that's just another derivative like the real estate market derivatives, and you don't really own anything in that. So it's really key for people to have it on their own. That's when it's private. That's when they

can't take it away from you. And when you've actually physically have it, you know, that's the key thing, I think. Wasn't it Jefferson that said that paper was poverty? Something like that. Paper is poverty. We got to the essence, didn't he? Of all these different things. It's so funny yesterday, uh, here in Denison, Texas, I went by talk to my accountants, my bookkeepers. And I had just done a trade. I consolidated a lot of stuff. I got to take the trading floor and I held up a bag. I said, this is $50,000.

And it was, you know, gold, one ounce Eagles, like this is $50,000. They just looked at it and held it. They're like, that's not, that's not a lot. Yeah. You know, like they didn't, they thought it wasn't going to be like a suitcase or something. I'm like, no, this is $50,000. They just looked at it and held it. They're like, that's not, that's not a lot. Yeah. You know, like they thought it wasn't going to be like a suitcase or something like that. That's $50,000. It's just a Ziploc bag full of coins.

I'm like, no, that's, that's what happened. I go, you know, and I go, basically, you know, if you go back to, this would be about $500, you know, in 1971. That's amazing. Well, it's, uh, so tell us what's going on at, at, um, at wise Wolf. I imagine you're really pretty, uh, pretty heavy there. People are looking at this and you got headlines saying, you know, gold is going to go hyperbolic and this may be the start of it.

I mean, so there's, uh, kind of a market mania that's happening. Yeah. I don't know. I don't know. I don't know what happens next. I think there's a strain on these institutions with this price going the way it is. I mean, honestly, I like a stable price. Yes.

I like just kind of clear, cut and dry, in and out. That way, I think there's gonna be a lot of urban gold mining going on. What I mean by that, people are going to go through garage sales, start going through their attics, start looking just like they did in the 70s with silver. I think there's just- You're going to have rappers pulling out their teeth and sewing them. Yes. I bought lots of teeth over the years. I've bought crazy things. You couldn't believe between San Antonio and here and Branson, I've bought some crazy things.

But I think I'm going to see lots of urban gold mining. I think the price continues, especially in this environment. So, you know, it's hard to say, David, what happens to supply. I think silver is an outlier right now. You know, price reflection, I don't think is, I don't think that we have true valuation or even close to it now. So, you know, if you're think is, I don't think that we have true valuation or even close to it now. So, you know, if you're stacking silver, I think you're, you're, you're doing yourself a favor at some, at some level, because it's just super cheap based off of where everything that I know. Um, I think silver is just a great thing to have. And if you have those, uh, those IRAs and 401ks, you really ought to let us take a look at putting you in some

bullion, get you out of this, you know, I think that this roller coaster ride, and I don't know where we're headed, but it's, it might be advantageous for you to take a look at it just converting that into something physical outside of the financial system that, you know, that's, you know, stored in the third party that, you know, these vaults that they're not in, that they're not a bank. And I don't trust these CEOs. I don't trust anybody who's wanting drone pal to cut rates so and that's what they're all looking for so I'm just I'm working on continuing to work on supply and infrastructure and wise wolf's gonna stay lean we have the wise wolf bitcoin Bitcoin, we're up and running. So if you've got, you want to buy some Bitcoin or, you know,

sell some Bitcoin, we buy a sell and we have the ability for you to use it as cash for purchases. So if you've got some Bitcoin, you want to turn it into some, some precious metals, give us a call. Yeah, that'd be great. Yeah. Well, it's always great talking to you, Tony. I really do appreciate your support of the program and the things that you got there at Wise Wolf. For the longest time, like you said, we appreciate having stability. For the longest time, we went through this period where you could gradually accumulate

stuff and you set up Wise Wolf pack to let people do that on a gradual basis. And we're seeing the dollars losing a few percentage points of value every year and it accumulates over the long term. So that was kind of the long term stable thing. But now we're getting into craziness. And I guess a lot of people are saying this is great because Trump is scaring everybody. He's making them very much afraid of him

because he's acting like a crazy man. But then you can only do that for so long and then it's going to really backfire on you and so we're going to, it's going to be a rough ride I think. And so it's good to try to get out of the system as much as you can, try to get something of value that you can physically hang on to yourself. I think that's an important part of prepping. And you've got a lot of programs there to help people do that. It's been great to deal with you over the years and really do appreciate your support

of this program. And you've got a program that's coming up right after this program, is that correct? Today? Yeah, God willing, if there's no work going on in my house, Arterburn Radio Transmission at 11 a.m. Central Time. We'll kind of dive more into these headlines, stuff that you and I have gone over. That's great. That's great.

And where are you right now? Where are you broadcasting? Twitter? Right now I'm in Denison, Texas. And I'm broadcasting over the X at Tony Arterburn and Rumble on the American Plug Channel. We're working on some new channels as well. So I'm looking at some new streaming stuff. I need to talk to you and Travis also.

Yeah. Yeah. Yeah, Kick looks like it's got a lot of nice features for streaming as well. It's really kind of set up for streaming, I think, from what Travis was saying. Yeah, Kick looks like it's got a lot of nice features for streaming as well. It's really kind of set up for streaming, I think, from what Travis was saying. I haven't looked at it. Travis has been the one who's taken care of that.

But all right, so coming up on Rumble and on X right after this program, you can find out more from Tony. And again, David Knight.gold will take you to Tony Arnabin's Wise Wolf Gold. A way to get to an island of stability in this storm and that is physical metals that you hold yourself. Thank you so much, Tony. Appreciate it. Thank you, Dave.