The David Knight Show - Gold Soars to $3,500 as Global Reset Looms: Trump Treasury Sec Wants “New Bretton Woods” with Globalist Organizations Leading

Episode Date: April 24, 2025

     Gold skyrockets to a jaw-dropping $3,500 an ounce, markets in chaos, and the dollar crumbling!      Tony Arterburn, DavidKnight.gold, joins to expose a sinister global reset orchestrated by Trump and his Soros Treasury Secretary for “stakeholders”.     A warning of a coming depression worse than 1929 with tariffs, meme coins shenanigans at Mar-a-Lago — is Trump pulling the strings or just a pawn in a bigger game?Money 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 Tony has kindly set up David Knight Dot Gold to let you let him know that you're coming through us. If you go there, that'll take you to Tony. And as I was just saying before, government is not frugal. You better start being frugal and you better stop relying on government as Old Testament prophets told people told the king he said you're you're using Egypt as a cane You're gonna find that it's a cane that is going to break and pierce your hand That's what's going to happen if you depend on government

It's gonna be a cane that is going to break and pierce your hand So do what you can to try to get independent and self-reliant and boy it's been another record week for gold hasn't it Tony? It certainly has been. What did Reagan say about the 11 most terrifying words in the English language? I'm here from the government and I'm here to help or something like that. Yeah that's right. Well're helping, right? They had taxes on top of taxes. Now we've got market meltdowns. The world continues to de-dollarize. Gold has outperformed the dollar. The dollar's down like 40% in purchasing power against gold. We hit $3,500 an ounce on gold. We hit 35 Wait, I don't follow the price every day. Did we hit 3,500? Yes. Wow About 72 hours ago and then I was taking it went down into the low

3200 and now it's back up again And check in real time, but we we've already started to see the buying accelerate the price again. Wow. Yeah gold's at 33.23 as of right now. Wow. Wow. Yeah it's starting to get volatile like Bitcoin was. It goes up 3500 then drives down to 32 and then it's back up but of course 32 just a couple months ago everybody were like wow it's at 3200 but it's going back up again. It really is crazy. And as I said, from the beginning of the week, it was kind of like, you know, sell everything we don't want bonds.

We don't want stocks. We don't want anything other than gold. And, and it's, it's the uncertainty. It really is this chaos that Trump has introduced. Well, I think what we've watched over the past few years, and especially the last two is that gold really isn't responding to market conditions like it used to do. It's, it's no longer just a fixed commodity. It's a monetary issue because the world is resetting away from the dollar system

and into gold. As a matter of fact, um, the Chinese and the Shanghai Gold Exchange are looking to put in remote gold warehouses internationally now to back their trading system. And I think this is all part of the future moves from especially the BRICS nations away from the dollar and into gold and being able to trade across borders. So it's really interesting to see that as well. Again, gold hasn't responded like it has in the past with rate hikes through Powell, you know, Powell raising the interest rates faster than any Fed chair in history. That didn't seem to do anything to gold. As a matter of fact, it started to outpace and continue to climb. Lowering rates doesn't do it.

Even the tanking of the stock market used to bring gold with it. It wasn't that long ago. It was 2020, David. I watched gold and silver tank along with that stock market that Trump created after he signed the executive order for the lockdown, Friday the 13th, March 2020. We watched that go with it. It went down with the stock market and it had a slow rebound. It didn't do any of that this time. It continues to rise in the face of everything, and I think that's why it's a different phenomenon.

This has nothing to do with markets anymore, I think. Yeah, it truly is crazy what is happening. But again, here we are. You know, we had the lockdown five years ago, and now we're seeing this again. And Trump was talking about Powell and making some really strong statements. If I want him out, he's out.

He's out just like that. And then he walks it back. And I've got an article here from, let's see, this is Wall Street Journal saying Trump decided not to fire Powell because senior advisors warned him that doing so would rattle the markets. He had already had some legal experts looking at it and saying, do I have the authority to fire him?

So he had his legal team looking at it, but then his advisors come in and say, well, you may have the legal authority to do this, you may get away with it, but it's really gonna rattle the markets and so you know he's backed away from that now. Well that's interesting. It hasn't seemed to bother him in the past. I mean he's rattled the markets more than any other president I've seen. He's rattling our chains isn't he? He's pulling our chains, our supply chains. I think that that issue has less to do with the legal and more to do with who actually runs the country, who actually pulls the strings, who the backers are. They don't want Powell gone, so Powell doesn't go. I think that's a fight that I don't think President Trump wants to get into. That's, and he knows it has to on some level, but that's a totally, that's an entity unto

itself. You start messing with the Fed and the Fed chair. If you're going to do that, you're going to kill the king. You better go all the way. You better go, you better audit the Fed. You better do the whole like, you know, doge it if you're going to do something, but they're not going to do that. No, as a matter of fact, we're seeing just the opposite from Scott Besson.

What he's saying is that we need to have reforms amongst the Bretton Woods institutions. Hint, hint. In other words, let's have another Bretton Woods, right? Let's have Bretton Woods number three. Let's reset it around something. Of course, you and I have a pretty good idea of what they want to reset it around. But he's saying America first does not mean America alone. And so he's working with the IMF, he's working with the World Bank, he's working with all

the usual suspects. This is Soros' right-hand guy. He's not America first at all. It's amazing to me how Trump is able to pull the wool over people's eyes. He's got all these Democrats and statists and socialists. He's got socialist Peter Navarro. He's got Soros's right-hand man. And you know, these are the guys who are looking after our interests. I don't think so. Did we lose Tony? Well, it's interesting that you would go... Go ahead. I'm still here. It's interesting that we would go. Go ahead. I'm still here.

It's interesting that we would go back to the source of our ills. You know, the IMF and the World Bank are products of Bretton Woods, 1944. That was the new economic world order at the end of the last four turning. So you're going to go back to those institutions. That's interesting to really, well, I think Gold Telegraph, the Twitter account that I follow, I think they said it best, mentioned Vestance call for the IMF and World Bank to help with reform. He said, we're watching a reset.

This is what this is all about. The reset is in play. And again, nothing really changed with the administration. It's just a different strategy for the great reset itself. Nothing. You know, if you wanted to go back to the Constitution, then that's a way, that's a path forward. If you wanted to restore the Republic, you want to restore sound money, that's something that I think would actually benefit the American people and benefit the financial system. Um, but no, this is just, this is still a path to, uh, to the great reset with

this financial world order that we're working towards, which of course he's talking about the architects of Bretton Woods. He says, um, we understand that this requires global coordination. He's not a nationalist. He's a globalist. He's a socialist globalist. He's not a nationalist, he's a globalist. He's a sort of globalist. He's talking about, yeah, we've got to fix these Bretton Woods institutions, you know, and they should serve us, they should serve our needs.

Well, who are we? We are the globalists. And so they need to serve the global needs. We need to have global coordination. The institutions, the Bretton Woods institutions are serving their stakeholders and all the rest of stuff. I mean this guy's like straight out of the World Economic Forum. If Trump fires him, he could take over for a Klaus Schwab, couldn't he, at the World Economic Forum. It's Scott Besson.

They're cut from the same cloth. they float in the same circle you're talking about this is adjacent to Soros and you know the those who are in that circle and again these get up into the Goldman Sachs high finances Ross child Ross Child, Wilbur Ross, but now I mean it's all the same people. Yeah. This isn't, you know, the apple doesn't fall far from the tree. You're talking about anything that came out of the bread and wood system in the elite circles. So no, the world economic forum, all that's the same thing.

And of course, when we saw, you know, Trump locked everything down and was the center of all this economic chaos and making the vaccine and all the rest of the stuff and everybody operating in lockstep. And Wilbur Ross was his Commerce Secretary who worked for the Ross Childs and even said, hey, this is a guy we can use, you know, back when he was having his casino bankruptcies. So the question is, you know, who is it that's pulling Trump's strings? I think it's always the same people. I think it's always these same globalist bankers. And all this stuff about nationalism is just a beard.

And they don't know, Tony, what's going to happen. Everybody's saying, well, we don't really know where we're going to go yet. The China tariffs are going to come down a little bit. They may not be 145%, they may not be 200%, but I don't know, maybe somewhere in the 50 or 60% range. Everybody's just making stuff up. There is no plan. They're just reacting to different things and it's just absolutely out of control.

Nobody's driving the ship and there is no accountability. All the Republicans are running for cover. Whenever Trump says anything, they run for cover. So this is just a, you know, it's a runaway train. And that's why everybody's going into gold. Did we lose Tony? That's right. Sorry.

Yeah, we got a little bit of a lag there, I think. Oh, I'm sorry. Yeah, I'm in my remote office. Yesterday, I bought my first Comax bar like I bought the first I've ever bought for wise what we bought a thousand ounce silver bar I never actually never actually bought one. I've seen them, but I never actually bought one I had to take it to the trading for to trade it inside went by my remote office here in Rockwall, Texas so I guess the Wi-Fi isn't as good as I remembered

it to be. So sorry about that. That's okay. That's all right. But we also have other people saying the depression cycle is here. This is from Charles Nenner. And he says it's going to be worse, much worse in 2026. In other words, when he looks at his analysis, he thinks that we're in like the equivalent of 1929 type of thing. And I remember when Trump locked everything down in 2020, and I started looking at the instantaneous unemployment that he created and the instantaneous drops in the markets and all the rest of the stuff.

And I compared it to what happened in 2029. And when I looked at it, I realized that, you know, 2029, you didn't have the worst of it. It dropped significantly and started down that path, but then it continued to get worse for a couple of years. And the depth of the depression happened a couple of years later. That's what this guy is saying. He says it's a depression cycle, and it started and it's going to deepen in the next couple of years

Well, it's certainly did a lot of people you go back and you mentioned those China tariffs coming down from 200% or 140 Maybe we can get up to like smooth Holly levels of 50% That's what's smooth and Holly the the bill that was passed after the stock market crash in 29 the bill that was passed after the stock market crash in 29, that was the way to protect manufacturing and so on and so forth. Modern historians go back and they blame the tariff on something that the Federal Reserve actually caused. Ben Bernanke back in 2010 took credit for that. He said, yeah, we caused the Great Depression.

He's talking about the Federal Reserve. But we won't do that again. It wasn't the tariffs. And that's the modern misconception that the tariffs did that. However, you talk about the Depression being deepened. What deepened the Depression? Well, it was the social reforms.

It was the government spending. It was the inflation. It didn't have a chance to do a market correction. You remember FDR took gold from $20 an ounce to $35 an ounce and it stayed that way, even through World War II all the way to 1971. But that was the jolt of the expansion of the money supply.

You think about that from $20 an ounce for gold to $35, and the influx of cash, that's inflation, that's the loss of financial equilibrium. That's what caused further the Great Depression, not just the stock market crash, and again, tariffs are blamed on it, but it's the expansion of the money supply. And that's what we're continuing to have this pain because we really can't outpace with growth if your currency is declining in purchasing power. And I think that's what I like to pay attention to is the dollar index and what's happening with the strength of the dollar compared to things like gold.

That's a good metric. If you're watching, you know, look, it's what the dollars lost with 40 some odd percent of purchasing power against gold. That's a metric to watch if you're trying to get economic recovery, because no one can get ahead if what they earn buys less. And it's always going to do that in an expansion of the money supply in a situation where you have to live off that. The dollar is weaker today than it was six months ago by many factors.

What was the price of gold, David, around the time of the election, around $2,600, $2,700 an ounce, something like that? I know it hit $2,500 an ounce in August of 2024 and bounced around a little bit. It was around 2,600, 2,700, something like that around the time of the election, then after it fell. And it was back down to the 24s and 25s. You and I both said it was gonna be on sale,

but the metrics, there's not so much that goes on sale, it's that the currency system of the US is breaking down but that is the way that the planner won it. Trump has called for a weaker dollar he's pushing what is he okay this is a good open question hang the question mark over this what is it that Trump is disappointed in power for because power won't go and do QE. Mm-hmm. Or lower interest rates, right? And all that stuff is going to be inflationary. That's right. Yeah, that's right. All that's going to be inflationary and all that is going to push. Yes, it's all inflationary. Yeah. So, yeah, it is. Yes, it's all

inflationary and there is no measures right now to strengthen the dollar. This is all about getting the Fed to move on QE and somebody has to be blamed for it. That's why I think it's like we can start the straw man with Powell. He's obviously stuck around longer than I think. I don't know why he's still there. It's a thinking shift. You'd think you'd jump off of it. But okay, there's something to it. He's gonna stay.

Lowering rates in QE is what the planners want, in my opinion. There seems to be, it points to nothing else. There's no calling for fiscal responsibility or paying down of debt. I heard an interview earlier today about how tariffs could help reduce the deficit. Oh, it won't. We're not going to use tariffs to reduce the deficit. They don't care about it.

Dick Cheney said deficits don't matter. That's the way they look at it. You know, we're about 125% of debt to GDP. So they're not worried about that. They're going to continue to push this over the cliff. And you know, I hate to be the bearer of bad news, but they're, you know, it's not about fixing the fiscal house. This is about a global reset folks. They're going to reset the financial system. And you know, why not go ahead and full, you know, damn the torpedoes full speed ahead. Let's go ahead and just, that's what they're looking to do in my opinion is crash it.

You know, you can build it back better. Yeah. Yeah. Trump's doing a financial great reset and everybody is cheering him on the conservative side. This is wonderful. We got taxes, tax tariffs made America great. Taxes are what America was founded upon.

It's like, yeah, they revolt against taxes, you know, and we used to always say in the libertarian party, we say, uh, uh, government is revolting. Why aren't you, you know? We used to always say in the Libertarian Party, we'd say government is revolting, why aren't you? But that was, you look at this and it's amazing to see these conservatives tie themselves up in knots and to deny everything that they've always said they believed just because they want to get on Trump's good side and cheer whatever he's doing, whatever it is. And they absolutely are going to reset everything with this. But it's okay if Trump does a great reset. You just don't want it a great reset that's being done by Biden.

And that's exactly what Scott Besson is saying. He said, we're going to reset the financial system. We're going to have another Bretton Woods. They're saying it out front. Yeah. There is no way. And I, because as somebody who has, I've studied economic nationalism for 20 plus years, I started reading Pat Buchanan when, you know, and listening to him when I, in the nineties, I was a kid and I was, I was fascinated by this argument.

So over the years I've read everything I can get my hands on on economic national tariffs, the history of tariffs. I know a lot about it. I'm not an expert, but I know one thing. Those who are saying and advocating tariffs never believe that. This is like a changing of the guard and there's a new boss and all these, it's like somebody that's corporate lackey is saying, oh yeah, we believe in that management change. They do not.

They do not believe me. They never have this. The elite believe in the policies of free trade because they pushed it so hard and you are a heretic. This wasn't, economic nationalism and talking about tariffs was always a, it was always for both. And I mean, it was like, you're a heretic, you are a lunatic, you're an isolation. Yeah. That's like a bygone era. I remember radio hosts that, you know, I started out in my first station in Dallas and I talk about this and

they, they said, that's libs stuff. You're talking about bringing jobs. That's libs stuff. You know, I started out in my first station in Dallas and I talk about this and they said, that's libs stuff. You're talking about bringing jobs, that's libs stuff. You know, they would say I was a libs. So they didn't understand it. So, but they're saying it now, I promise you. Like on their shows, they're saying like, this is good. We're going to get these taxes up. And it's doubly foolish, isn't it? Because, you know, not only have they, you know, denied everything that they ever said and always believed, but now the reality is that it is still global economics. As he's saying, we're going to do this. Is it economic nationalism when Scott Besson is going to do it with Bretton Woods with

the IMF and the World Bank and all this other? I mean, it's all the enemies of this stuff, including the Soros banker who's now the Treasury Secretary. They're putting together a new globalist financial system to replace the old one. This is not economic nationalism, and you've got the foolishness of these conservative commentators everywhere talking about how wonderful the tariffs are when that's just a distraction for them to build this new Bretton Woods global economic system.

Well, that's what they're building. They're not building a new American economic system. No, we're not. We're not going back to our roots and creating sound money and balancing a budget. No, it's you're exactly right. And it is frustrating because we're not watching the same thing. And you talk about these international institutions,

whether it's the World Bank or IMF or the Bank of International Settlements. That's who's pulling the strings right now. That's the financial order that's doing the reset. And we're just in the middle here. And that's why I look at metrics that are not necessarily market related which things like gold the price of silver you know the price of Bitcoin other things that to me are signaling a sea change and even in the face of we watching these stocks tank

and I'm seeing gold do what it's doing and and I promise you no matter what pal says It may move gold a little bit, but not like it used to and days of you know I think a lot of people were with me. They were like well I'll wait till there's a dip and I'm like I don't know when that's coming and I just I want to advise you I do not See, I mean I think low end, we might get down to $3,000 mark on gold if there's a big sell off and everything looks great, but too many contracts, too many things have happened in the last 24 months to get that price to go backwards. I don't see it. There's again, too much investment. There's

too many factors with central banks and not only that, but sovereign wealth funds, David. Countries around the world building these sovereign wealth funds and they're just accumulating more assets and gold being one of them. So none of the buying is going to slow down on gold. The price is not, it may fluctuate a bit. I'm not gonna call for $10,000 an ounce gold anytime soon, but I don't think $5,000 an ounce, again, I'm not giving people investment advice to don't go around and buy it, because I said that, but I think if it's a year from now,

we're talking about $5,000 an ounce gold, are you really surprised? Yeah that's right. I wouldn't be not given what we've gone through in the last 18 months. Well I got a question here from DGN on Rumble. He says can you ask Tony how is silver one one hundredth of gold? What has been the difference over time? And you know people are pointing that out and some people say well you might see $50 silver this summer. What is going on with silver? Well, it's the same thing we've talked about for many years.

Silver's monetary usage has been put on the back burner. So these nations that are in central banks that are accumulating gold, there are institutions in some countries like Russia has put silver on its reserve asset balance. It is becoming more and more of a metal that's going to be accumulated by governments, but in the interim it's institutions like JP Morgan which has been convicted of suppressing the silver price while accumulating it. I'll give you some metrics, it's like 250 or so, 250 million ounces a year estimated deficit. So that did take 250 million ounces from the

above ground silver supply. Silver supply is dwindling. Um, there's going to be a break sooner or later, but we nobody really knows when those contracts start to break, when the exposure really happens. And I think, you know, there's an open question. I'll have to do some research. I don't know of one. Can you, can you name me a, another commodity whose all time high was 45 years ago? I can't, no, no, no. That's 45 years ago that silver was $52 and 50 cents an ounce.

And, you know, you got to look at what happened to the hunt family after they ran that price of silver up. So, um, nobody touched it again. I just think it's a matter of time. And you know what, that maybe I had a call with one of your listeners yesterday and they asked me about this thing question and I said look if you're long term, if you're really long term look at that and just like you mentioned it's a hundred and some odd to one on the gold silver ratio which is historically so ridiculous, it's never happened before. And, you know, it's generally, at the top end, it's generally 20 to 1.

So that top would be 20 to 1, not 100 to 1. So I think there's going to be, this may be part of the restructuring and the reset that happens in commodities. So the upside, if you're long on silver, I think yeah, you'll see it wouldn't surprise me given what gold has done David if silver does reach an all-time high. Again, it was 45 years ago that it did it last time. We are due one. So I would assume and I think once silver breaks that $50 barrier again, I don't think that it'll come back down.

I think that was probably just all the manipulation over the years. And again, it's cheap for the military industrial complex because it's 500 ounces in each Tomahawk missile, not to mention all the other things that they build. They need cheap silver. And then who's the largest exporter of weapons around the world? You know, those margins get cut. The United States is.

The United States exports the most weapons. It's the biggest arms dealer in the world. So a lot of that stuff has silver behind it. And so those margins go down. That's an open question, why is silver that way? But I don't think it can stay that way forever. I do think we're due for an all-time high very soon. And then once we break that, it may start, it may because of that, and then the calling of contracts that have not

been called, it may expose the flaws in this and the fraud. I think there's some fraud in there. Yeah, yeah. You know, wherever you, I think there's some fraud in there. You know, wherever you find commodities there's fraud somewhere. Well, Possum King says there's a difference between gold and silver. Silver will kill a werewolf and gold will not, you know. So there's that. I guess maybe at some point in time we might have some mining for silver going on in Afghanistan or Iraq or Gaza or whatever we get back.

Gaza, yeah. The silver that they're putting into the weapons and blowing up there. It's got to be there somehow, you know, for at some point in time. I had a story yesterday I covered, Tony, where you talked about urban mining of gold. And did you see the story about the ATM? I heard you. I heard you talking about it, yeah. That's pretty amazing. urban mining of gold and did you see the story about the ATM? I don't trust those guys to do an honest assessment you know I would I would trust you but I would not trust the Chinese ATM with my urban gold that I've got there but I've got

another yeah go ahead I got another question or comment here I should say from Christian constitutional conservative he, Trump is offering a private dinner with top investors in his meme coin. And it's the dollar Trump thing and as a matter of fact somebody sent this to me and this is what it looks like. I'll put this up on the screen here. Trump toast dinner with the top holders of his meme coin. And the 220 top holders of his meme coin are going to be invited to a private dinner on May the 22nd.

And so this person says, how is that not market manipulation for his own coin? And I think even- Yeah, it went up 54%. Yeah, yeah, what's that now? It went up 54%. Really? Yeah, the coin was up 54% after that announcement. Wow, wow.

You know, that's the other part of it as well. You know, you look at it going up on that announcement as everybody's saying, well, I need to get my reservation there and they're competing with that. Other people have said about the Trump meme coin that perhaps this is a way for people to quietly and secretively contribute money to Trump and when he starts having a dinner for the top 220 holders maybe that's what's really going on with it. But that's the key thing I think you know you talk about how other factors are coming in here of course the big factors are going to be inflation and the big factor are going to be the restructuring of the financial

system but there's all these other things that are happening and you know when just with Bitcoin for example and the whole crypto thing first Trump was a really positive thing then it became a very negative thing when with his schemes and scams and stuff it kind of underscored a lot of people's concern that Bitcoin was a pump and dump. And so now he's got this meme coin out there where people can anonymously contribute to him and to his family. And people have already called that out and said, you know, that could be something that

is a real conflict of interest and real corruption that is going on here. What do you think? Well, I think it was really unfortunate that he chose to go that path and with the meme coin because as somebody who's studied cryptocurrency for the last almost 10 years, I don't claim to be any kind of people in this space that are absolute geniuses. I'm not one of them, but I understand the fundamentals of why Bitcoin was appealing. I start to lose the thread when you get into the meme coins. There's so many of these IPOs and offerings and things that have been put out that, I mean, they're just, you'll see them go parabolic. There's somebody's at the top selling off,

transitioning into Bitcoin, getting out, watching it dump, and then leaving it in the hands of the people who rushed in with FOMO and lost their, even sometimes their whole savings, their life savings, their livelihood, and that's on them, you know, because that's the risk you take. But I don't see the, I see the functionality of Bitcoin, but I don't understand the mean

coins other than like you mentioned, is that a backdoor way, you know, to take us to, to, you know, take a position supporting Trump or his policies or those around him. I mean, you can just use that as a kitty whenever you want to inflate it and then sell it down or whatever it is. I'm sure there's a thousand different ways that could be advantageous to those who control that control the name around it, control the, the principles and. The inflows and outflows. So yeah, that's my...

Yeah, it wasn't... I went over it and I can't remember exactly how it worked, but somebody actually said, look at what is happening with world liberty, you know, and there's some lack of transparency there as to the people who are actually invested in that. And so, you know, it's not necessarily directly the Trump meme coin, but that's all involved in all of that. And so I got another question here from Qualimos who says, are there sovereign gold bonds still? Do you see more companies moving assets into gold bonds in the future instead of US backed US dollar backed things?

What do you think about that? Yeah, more companies are doing that. Matter of fact, it's kind of a mix between, uh, there's a lot of multinationals and large corporations. Taking Bitcoin holdings now. Um, and also, uh, gold. I mean, I, it's, you know, things like the Shanghai exchange, putting remote warehouses in, I think underscores not only that gold

is part of the future for governments and companies and corporations, but that physical will be part of that. The breakdown of trust is the biggest issue we have. What the dollar was trust. The dollar system after 1944 was trust and we really did a number on the world when we went off the gold standard and closed the gold window. But the world followed suit and there has just been a decline in trust ever since. Now we're at the lowest

ebb that we've ever been in when the trust factor is concerned with the currency. Now what comes in? Gold fills that space. It's the end game to aggression's law. Aggression's law says when bad money enters a system like fiat currency, then good money goes into hiding. And I think this is the end game here where you know it's not only that's a great question by the way because it's not only governments it's private institutions that are putting on their balance sheet getting out of volatility and looking to something that can't be reprinted. As a matter of fact somebody was talking I mentioned briefly yesterday stable coins you know, we always see stable coins as

being backed to the dollar, which everybody knows is not stable. But a lot of companies are starting to come through and have stable coins that are backed by gold. And I guess that's kind of a similar thing to the sovereign gold bonds. And I would expect that that would be something that you would see before you'd see sovereign gold bonds, that you would see a stablecoin that is along those lines. But I think that the government is going to do everything they can to push the stablecoin that has a dollar backing on it, because that's the way that they create a market for their bonds when nobody wants their bonds, When everybody's getting concerned about US debt and being able to get paid back. If other countries stop buying the US bonds, then they can always get these stablecoin companies to buy the US bonds, right?

I just really wish the government would get out of the currency business. Yeah. I just really wish the government would get out of the currency business. They seem to be pretty bad at it. And once they get control of that, they start a lot of wars and kill a lot of people and create dystopias and police states. Yeah, I wish they wouldn't do that. It's like when somebody says, Texas is going to create a gold back state currency. And I go, digital currency. I go, I really don't need them, though.

I mean, you're trying to fill a role that I, I mean, private institutions, you talk about these exchanges around the world, it's interesting. This gold, for example, you know, the spot price here in Dallas is gonna be the same in New Delhi, okay, pretty much within the margin of error based off the rupee. I mean, again, we're looking for something, you know, like some kind of leadership on currency for whatever reason because that's our normalcy, that's what we were raised around, what we were comfortable with for some reason.

And I look at it, the more I read about money and currency and study it, you know, governments in this business has been really detrimental. But they have to do it, and you're right, that people ask me about a gold standard all the time. And I say, well last time when we had one, it was illegal for you to own gold. So I don't know if that's a great idea. Yeah, yeah. Well, you know, when you look at this, and I had an article yesterday, I

talked about stablecoin. And they said, you know, if they had something like this, it would allow farmers to be able to get their money processed with less fees and far, far, far less time if they're selling something into an area like Africa where there's a lot of corruption and the institutions don't work too well. And so you can see something like that where you might have a stable coin, you might have a gold back stable coin to allow people to do that type of thing. But when I look at the gold stuff and all this comes into play when you're looking at the value of gold in terms of the dollar or other things like that, or you're looking at how do we have a financial system that's here, but I look at the gold as being about privacy, and that's the physical goal that you hold. I think that it is that the privacy is priceless.

Regardless of what, and that's why I keep coming back to physical gold or silver that you hold yourself, because that gets you out of whatever system that is out there. And all these systems can be rigged. Of course, they can rig the price of silver as they're doing right now too. But all of these different things can be rigged. But the thing that is going to be the real priceless thing in the future, I think, is going to be transactional privacy and being outside of that system with something that is physical and nobody can monitor it.

I agree with you. That's why, I mean, my primary business is physical precious metals because that is a way for you to retain your sovereignty and your privacy. You can have your wealth, you can hedge against economic turmoil, inflation. It's a good tool. I do like Bitcoin for reasons of being remote or electronic and peer-to-peer and other things that are on the grid, especially when you're using a wallet that's not tied to an exchange, so that's, you know, with your keys and your 12 words, that's good.

But it's secondary, I think, to the true privacy of, you know, if I want to trade some gold for some land with you, David, or some livestock or whatever it is, whatever commodity you want to sell to me, I can use a gold or silver coins. And again, who knows anything about that transaction other than you and I. Yeah, I keep looking at how we're going to operate in a gray or a black market, because that's what I see is going to have to operate eventually. I don't know exactly when that's going to happen. Nobody does. What's going on at Wise Wolf? Anything different? New?

Well, you know, we're constantly looking for different products. I mean, you mentioned going into a barter type system or you know a gray economy, a black market, whatever you want to call it. I'm always thinking of that when I'm building these invoices for Wolfpack. So just, and again, fractional, recognizable, bullion and coins and things like that. The gold backs I think, even though the premiums on them are a little high, I mean, I mean, I, you know, the more gold you buy, it's funny,

we had somebody buy, you know, about 50,000 worth of gold the other day, you know, we just don't make that much. It's funny, because my trader, Yeca, called me and she's like, well, this is what we made. And she's just like, that's terrible. And I said, it's the way you buy it when you buy more and you buy it in a larger increments.

The margins are the, you know, as far as the profit margins decrease because it's the price decreases in the sense of per ounce. But when you buy, you have to pay a little bit more premium. But here's the thing. If you're buying stuff from Wolfpack right now And you're just putting in and you're accumulating it the price is going to outpace those premiums in my opinion Shortly, I mean, I don't think it's gonna be that long before the spot price literally eats up those premiums and then you've got

Shareable precious especially with silver you've got shareable precious metals that will be pretty much close to the spot price on a long enough timeline. That'd be like your dimes and quarters and things like that or the 10,000 silver pieces. We even put in, I'm having the same thing I'm doing with the silver, the 100 grand bars and we break them off and we put the silver grand bars from Valkambi in their own little holders. So you have grand bars of silver, grand bars of gold. These are good things to have and the more that you're getting in this timeline where the dollar is still used as the world's reserve currency because that purchasing power still holds somewhat.

The more you can accumulate, I think, in precious metals at this premium level and hold for the long term, you'll be able to use in that next level if you have to. I mean, God forbid, I hope we don't have to do that. I mean, we... Oh yeah, yeah, never know. I don't wanna have to do that,

but I think that's a real advantage that people would have, David, especially with the fractional stuff. I agree. I agree. Are you doing the broadcast today after this program? I plan on it. I've got some.

Last week we had people working on my house. This week I've got Wi-Fi difficulties at the warehouse. We'll see. I'm going to see if I can put it together. Okay. Well, assuming that there's no technical difficulties, people can find you right after this show. You're going to have a broadcast.

And that is on, let's see, you're on X, I know. And is it Rumble that you're on? I'm on Rumble at the American Plug Channel and on X at Tony Yarderburn. Yeah, come find me. I'll see if I can put a show together. I missed the last week. We had to run a best-of. Oh, okay. All right. Well, that'll be great. And thank you again, Tony. It's always great having you there. And we're talking about the small things. I got a Goldback thing from Florida, which I thought was kind of cool. And I didn't know they were making those things there and it had some kind of a Lord of the Ring thing on there.

We laughed about it. We said, how about that real money with a fantasy image on it? And it's kind of a flip, you know? Usually images of real people and it's fantasy value that's there. This time it went around the other way with the gold back Florida coin.

But always great having you on. Thank you so much, David Knight.Gold to take you to Tony Arnabin. It's a great way to start accumulating gold and averaging out that price, as Tony was saying. And we're headed for some very unstable times and it's a great thing to have something that is going to be stable. And that's why everybody is moving towards it.

Thank you so much, Tony. Great to have you. Thank you. Appreciate it. Thank you.