The David Knight Show - Gold Soars to Historic Highs as Dollar Crumbles: Is Trump Orchestrating a Financial Apocalypse?

Episode Date: April 3, 2025

Gold is smashing records, comfortably remaining in the $3,100+ range, while Trump’s chaos and uncertainty around tariffs sees the dollar plunging, losing a staggering 40% of its purchasing power in just one year.  Yesterday Trump’s tariff circus wiped trillions from retirement plans in mere hours. Tony Arterburn, David Knight.gold joins as history is being rewritten, and your wealth hangs in the balanceMoney 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.

Tony is now Tony Arterburn of Wise Wolf Gold and he has set up David Knight.Gold, I'll take you there. And I imagine Tony, as I said before, is super busy right now because Gold is in all the headlines like we've never seen it before because they're seeing new all-time highs and it benefited yesterday. It seems to be very comfortable in the 3100 range, doesn't it, Tony? Thank you for joining us. It's great to be back, David. Yes, if you look at the metrics, the dollar has lost 40% of its purchasing power against gold in the last year alone.

Wow. These are historic times. 3100 dollar an ounce gold and it surpassed that. It went into the mid-$3100s a couple days ago. And that's the key thing, even more important than the price of gold versus dollar, and that is the purchasing power of the dollar. And if it goes down by 40%, that's really the true value of the gold, isn't it? That's right. I mean, that's what I try to

teach is that when you're watching gold go up it's not getting more valuable it's the dollars losing purchasing power against it because it's a monetary metal and I think that's the key to all of this is the dollars losing its purchasing power, it's losing its reserve status, more and more it's being dumped by central banks around the world and then you add in this chaos, which is, this is from an economic standpoint, David. It's funny, I feel like, you know,

one of the years I see those shows from the 70s or so where a kid gets caught smoking cigarettes and the father would be like, well, here's how a whole pack of cigarettes, you know, so it gets sick or something. And I'd feel like that's what I, I wanted tariffs, you know, for the last 20 years, I've been reading about economic nationalism. I was an outlier. I ran for Congress on this and I, you know,

I looked at all the history of it and I, you know, give talks about it. And now that it's happening, it's happening in such a fun house mirror version of what I was talking about that has nothing to do with this isn't going to goose the economy this isn't going to to spur growth and we're certainly not setting the the conditions for companies to move here so this is a this is entirely different thing that we're watching and at the same time you see I mean gold is a little bit below $3,100 an ounce day because there's profit taking I mean there's massive gains in gold and then everything else the trillions that were

wiped out from a retirement plans just in the last 48 hours is absolutely stunning. That's right yeah trillions gone and and you And, and you know, it is, um, as you said, it's a circus and the ringmaster is Jekyll and Hyde. We never know what he's going to do at any moment. And with all the stuff that's happening, the question is with all these different disturbances, not just with terrorist mode, everything else, how many plates can Trump keep spinning in this three ring circus to keep this stuff going. But it seems like there doesn't seem to be any limit to that. You know, as soon as one of them starts to, one of them falls off the pole, they start another one and all the media seems to help him.

Both the opposition media as well as the supporting media, they help him to distract people to something else. And so a lot of people have said that they believe that Trump is deliberately trying to create a recession because he'd like to see interest rates lowered. You think that's – I mean, we can only guess at his motives, but I mean, that certainly – I don't know if they'll lower the interest rates, but it certainly is looking like recession. Well, they're going to have to do something.

This is going to cause such a massive downturn because, again, the other economic conditions and the timeframe for companies to move here and employ people and build infrastructure and make investments, they didn't make those conditions possible. They're just punishing the imports and the folks that are doing business as usual. So nothing changed there. It's just, this is going to throw a wrench in all of the money velocity and things that were going on the liquidity itself So that the Fed will be forced to do something. It'll have to lower rates You have a 1929 situation on your hands and I think anybody can see that

That's not I don't think that's lost on the the central planners that the issue that we're caught in the middle of this And if you look at the BRICS nations, they're unifying. I talked about it last time I was on the show. They're building cross-border payment systems, which is I've been talking about, using gold and other commodities as stabilizing value as the dollar loses market share. And meanwhile, we're isolating our trade partners and people in our own hemisphere. I mean

Canada is ridiculous and I know that you know you can throw out you know Canada has like 230 tariffs on dairy and things like that and agricultural stuff but with NAFTA over the years and we've had pretty stable trade on most things you you know, without Two high up tariffs or zero tariffs. So that's worked for a long time and it just doesn't make any sense What we're doing is if you're looking at from an economic standpoint But if you're looking at it from a chaos standpoint, you want to get to a place where the crisis Will call for a resetting of the financial framework Then this is how you do it. And you do it under this guise.

And of course, using this, you can blame others. And there's gotta be some underlying strategy in here that has nothing to do with what they've been. I mean, Trump's right when he talks about the era of tariffs. And I talked about that for you. And it ended really in 1913. That was when you get the Federal Reserve, the income tax, and you get, you know, the first real free trade policies in the United States with Woodrow Wilson. And it's been absolutely destructive. He's right about that.

Except he left out the Federal Reserve. He complained about the income tax, but he didn't say anything about the Federal Reserve. Right. He created it there. So, yeah. Because he wants to be able to have that kind of impact as Powell. As a matter of fact, he wants Powell to take his orders so that he can do all that. No, I think you go back and you look at CBDC, that order that Biden had in the spring of 2022, and he wanted to – he said to all the people, you know, here's four things I want you to do. One of them, one of the four, they had to do the people, here's four things I want you to do.

One of them, one of the four, they had to do the code for the crypto, they had to come up with a marketing angle. Hey, we're going to save the planet because we don't have to do any mining. We need law enforcement that's going to force it on people. But the first thing was completely redesign the financial system. Trump is doing the same thing. He's just doing it in a different way. And he's doing it in a more effective way because people, yeah, Biden just does

it by, you know, here I'm gonna ban this, I'm gonna force you to do this and here's my order to do this. With a lot of the stuff that Trump is doing, yes he's done a lot of executive orders, but a lot of the stuff that he's doing is very subtle. In the same way that he's coming up with a private digital currency, he's also coming up with a different way to completely reset the financial system for that private digital currency, I think. There's an article up on Zero Hedge, Maxine Waters was, of all people, saying Trump's going to create his own coin, it's going to be his coin that replaces the dollar, which she might not be that far off the mark. I mean, that's kind of, I mean, she's characterizing that in, I think, a ridiculous way, but no stable coins and other things.

We've talked about that. That's kind of a Trojan horse. If you, you know, you can get rid of so-called CBDC, but if you use the FedNow system and the backbone that they've already built and you use something else, oh, this is a, this mirrors the dollar and it's electronic and it's blockchain. You have to watch out for all that. And we're not through the woods yet on CBDC. That's not even close. I didn't think so. Um, and Trump said that in Nashville at the Bitcoin conference that there's never going to be a CBDC. It just won't be called that. It'll be called something else. This

is the flip side of the public-private partnerships that you get, you know, when you get a different administration as opposed to Biden. It's a different strategy, but the same result. And what bothers me is the economic crisis that will be needed, they're getting, you know, it's kind of like Project for a New American Century. They came out in September of 2000 with Bill Kristol and others, the think tank. They needed a Pearl Harbor style event to usher in like rogue state rollback in all this, seven countries in five years, all that stuff, the Neocon project. Well one year later they got it. You're setting the stage here for something I think that's, you know,

it's going to be an economic crisis that will lay the groundwork for a lot of things if we're not careful. And I think, you know, a big part of this, you go back and you look at Curtis Sharvin and these other people I talked about last couple of days, he had war game, here's what Trump needs to do, you know, they need to completely, America needs to get over its fear of dictators, and we really need a dictator, because that's the only way that we're going to get what we want. You know, and a lot of these former libertarians said, yeah, you know, we're going to have to have a dictator to get us to a state of liberty. You know, talk about cognitive dissonance there.

You know, how do you get rid of that guy, right? Why don't you put him in there? But you know, that's what they're talking talking about and how Trump needed to be a dictator. And so when he creates chaos, when he creates destruction, that makes a case for him being a dictator. It makes a case for everything that the government wants to do. And when you look at what Maxine Waters is saying, I think she's onto something in a sense. I don't think – and I talked about this as well, the world liberty thing that the Trump family has set up.

They're going to make about a half a trillion, I think it was, no, half a billion they've made off of this. And it is just right off the bat. But they've got the potential for a lot more. I think primarily this so-called DeFi thing of world liberty, it's not decentralized, it's very centralized, it's under the control of the Trump family, but I think that they're going to use this as payola because people can make anonymous, jump into this anonymously and that's a great way to launder the money

for what he's doing. But I think that there certainly is going to be a stablecoin, and as we've talked about this before, stablecoins that are dollar-based are going to be a way to handle the problems they've got as to who's going to buy our worthless bonds from the treasury, right? Well, we can have a stablecoin, people buy it. They don't want to have a situation where they can't sell these bonds. So all of this stuff, all this crypto stuff plays perfectly into what the techno brats want and what Trump wants with making money and all this chaos feeds into that as well. I don't know. It seems like that's what... There's a lot of open questions here for me. Something I study this every single day and

you had Larry Fink, the head of BlackRock, came out a few months ago. Well, not even that. It's only been like a month and a half ago. He's at Davos. He said that Bitcoin was going to 700,000. They're going to make, and BlackRock, they get their return. It's something I said in January of 2024 when Bitcoin was trading at 30,000 or so. And I said, look, BlackRock's going to launch this ETF.

It was the biggest ETF in history. They're still accumulating. There's still net inflows into those ETFs. However, gold has caught them, I think, by surprise. It's hard to say. I don't think there's a monolithic structure base here. I think there's a lot of chaos going on. I think there's a controlled demolition of the dollar going on. This is some somehow this is part of the game. But

I think you have different factions here because you go on one hand Bitcoin is not is not stood up to this chaos and uncertainty. It mirrors the market very much in the sense if the market is scared if the market is on the run if the market's in a sell-off and a bearish mode, Bitcoin follows. Right now it's down from, it was 86,000 and some changes, 82 this morning and of course that's off of 108,000 on inauguration day on January 20th. So the crypto space hasn't weathered very well. But gold, like we talked about this before the election, there's gold and silver took a massive hit after Trump was selected and going into inauguration

day and then now it's reversed. The roles are reversed even with all the strategic Bitcoin reserve and all the stuff that's been deregulated on crypto and the new SEC chairman, all that stuff, everything's still down. And that's because so much of this is tied to the markets. And so this to me is it's signaling something else. And as I watch it, I'm cautious not to make predictions because even I'm a little stumped on this. I think what we are watching is the death of the dollar, but the question mark hanging over is, is this an intentional strategy to tank it? Because what you're looking at is weaker dollar no matter what.

If Powell steps in and lowers rates, you're looking at a further loss of purchasing power against gold. The world continues to dump the dollar. And of course, if it goes to something like a hyperinflation or a crash, that's where you can usher in the CBDC through public-private partnership staple coin stuff. So it's hard to say exactly what's going on. None of this is good, to put it that way. Oh, yeah. Yeah, I think it's going to go in a direction that's going to make money for Trump and his friends. And I think a lot of people are starting to see that. I think it

was a real tell when the things that he's done with crypto, first of all, the Trump coin, the Melania coin, being connected to the same company that was being investigated for what was done in Argentina and all the rest of this stuff. So that was one data point. Then when he comes out and starts talking about the Bitcoin reserve, and he starts talking about other coins that aren't Bitcoin, that haven't been used as an asset, they've been used as setting up smart contracts and used as clearing payments and things like that. So people started, wait a minute, what is this really about?

And I think that has shaken a lot of people's confidence in what Bitcoin was truly about. And of course, Roger Ver in his book talking about hijacking of Bitcoin, he said, hey, it was set up for transactions. Now these people have turned it into a, hijacked it and turned it into an appreciating asset. And it's not really clear how that's going to work out. We do know that gold is an appreciating asset. And I guess maybe with Trump's actions, as well as some of this other stuff,

some people are starting to have second thoughts about it, especially when you see BlackRock come in with the ETF, as we pointed out, it's one of the most ridiculous things. There's absolutely no reason to fractionalize that. It is no more liquid, no more easy to do a transaction with a Bitcoin ETF than it is a Bitcoin itself. It made no sense at all. No, for people that there's a deficit there, they don't understand how to buy Bitcoin, how to hold Bitcoin, there's a huge,

that's where all the money is. You know, was it Babyface Nelson asked it back in the 30s, why do you rob banks? That's where the money is. That's where the BlackRock went to the boomers and they went to people that don't know how to set up wallets or don't want to touch Bitcoin or whatever. That's the majority of where the money is held in the United States, so that's what they went to. Unfortunately, that gives them leverage and I think undue influence on the Bitcoin network, so be it. I mean, Bitcoin's an open network. Anybody can get involved. So even if, you know, giant bankster consortiums can do it.

And I thought it would push the price of it. You're right, it was meant to be something else than what it's become. It's still the only real crypto. It's the only crypto that I deal in. Not that there's anything wrong with some of the other coins, but it's the only crypto that I deal in. Not that there's anything wrong with some of the other coins, but it's the only crypto that I deal in with my business.

And look, there was a tweet that was put out the other day. I was on your show and Katherine Austin Fitz replied to me and said, you know, Bitcoin's a scam, Tony, sorry. And she may be right. I may be wrong. I know that it's changed the minds of millions and millions and millions of people. I don't think it's getting them prepped for CBDC. I think a lot of younger people looked at Bitcoin and they never looked at the fiat system before and now they're skeptical of

fiat currency and central banking and everything. I think that's a good thing. You can't reverse that. The educational process of Bitcoin is has been I think tremendous for for the world so we'll see but but definitely it has not held up even as a store of value against this uncertainty it has not done that and it's not doing what a lot of the Bitcoin maximalists believe you know was going to happen I don't think that's not happened anytime soon because we're entering into this is a you talk about all the time, forth-turning institutions are rolling over and now that we have the the BRICS nations again I'm gonna keep saying that the BRICS are they're unifying more and more getting stronger and stronger we are

getting weaker and our alliances are being being scuttled just willy-nilly. And so there's a lot of uncertainty out there. It's definitely reflecting in the markets. I think we've only just begun to see what gold can do, David. And I haven't been somebody that's doing a lot of price predictions because I've been wrong. I've actually been a little bearish. I didn't think we'd see $3,100 an ounce in the last five months. I wouldn't have predicted that. But I will say, I think silver, another part of this equation, governments are quietly adding silver to their balance sheets. The Russians have done that. The Chinese, others, they're quietly adding that. I think even the United States. And I think that this is something that we have to watch silver very closely too. I think it's about to break out of its current gold-silver ratio that's absolutely

ridiculous and has no basis in history. And you remember the all-time high of silver is $52.50 and now it's in 1980. So, we haven't broken that since 1980, so 45 years ago. We're going to see, I think silver is going to break out soon. A lot of these commodities, copper is at an all-time high, by the way. Copper and gold together, these mining stocks are up. The world is lurching towards commodities and real limited assets and in a world of, you know, fiat soaked in debt and the rest with so much uncertainty. I think we're just, this is the opening salvo of the great reset. Well, you're right. And when we talk about people moving to real assets, I think a lot of people just haven't gotten the memo that we were all served in 2007-2008 because there's nothing more

real than real estate, right? And look at what they were able to do with ETFs. And yet, where do we see people going now? We see people, you know, part of the story this last week about the big increase in the price of gold, they said massive inflows into the gold into the paper gold, the ETF gold. And so massive inflow of money into paper gold. Now these are people who have just started paying attention I think to gold. They don't really understand what this is. The gold ETFs don't make any more sense than a Bitcoin ETF. And the people don't really realize that it's not going to

track the price, the spot price of gold. It's not going to go up and down with it. They don't really realize that they don't really own any gold with that. And I think that's the big memo that needs to be gotten out. The Financial Times saying, investors flock to gold funds as fears over the Trump Terrace Mount. Well, it's actually more like a fund house, right? Of mirrors because you don't really have anything there. It's very much like all these securitized, tokenized things. And I think, by the way, you know, when we look at all this digital stuff, I think that it's this tokenization that we really got to watch out for.

They want to put everything on tokens, all physical real assets, property that people own, all that. They want to tokenize everything. And they come back and they say, �Well, that makes it easier for us to trade.� Well, it also makes it more volatile. And it also means that you can lose everything. And I think that's what these people are setting up. We already saw this happen in the Great Recession.

So I think that's a big part of it that needs to get out there. It's this, you know, watch out for the tokenization, watch out for the securitization, watch out for these ETFs and things like that, regardless of the assets that you get into. Well, that's their way of control. Yeah. It takes something that's real and limited and finite and, you know, something that has no counterpart limited and finite and you know something that has no counterparty risk and then you give it counterparty risk. That's how you have leverage over the financial system. I think something is interesting that I've never seen before and that is where my business

did a lot of inversions in the last year. I mean, it just completely turned its on its head. Now we still have the smaller purchases have actually increased Wolfpack and some of my subscription stuff has actually increased, but my direct sales have gone down and they've gone down to a place where it's, it's almost alarming. I don't want to use alarming because on the flip side of that, people are selling to me now in a market where, and I talked to other dealers, I talk to the trading houses, I ask them, are you seeing the same thing? They're inundated. So here's the question mark that hangs over this. Let me ask you this before you go for it. What do you mean when we say direct sales?

You're making like a large purchase as opposed to... Like somebody calling me and saying, hey I want 25,000 and gold and silver bullion, you know, do a 50-50 mix. Those used to do, you know, it's not uncommon for me to get 50, 100,000. You know, you do these larger purchases and those were frequent. We don't see those anymore. We see them, but they're not like they were in the last, I mean, five, six years, David. I've been in business since 2018 and with Wise Wolf, and so I've seen a lot and this has never happened before. And what's happening is where people are selling to me because of the economic conditions, they're raising capital, prices are up.

Well, the, that begs the question though, if you have an, if the public is, is selling off, but prices continue to rise. Somebody's buying and I'm looking at the flow and I'm asking even the larger trading people and these are institutions. So if you're buying right now because you can afford it, you're right. I mean, you're matching the large capital, you're matching those who have intelligence and I'm not talking about like, I'm not talking about cognitive ability, I'm talking about they have intelligence and simulations that they're running all the time through these, you know, think tanks and they're watching the trends. So if you're buying, you're actually mirroring what the wealthiest

of the wealthy are doing. The average is selling off because well they might have to based off of you know the economic we're in a crazy economic condition right now with inflation and everything that's happened we have a very weak dollar and liquidity is limited so I understand that but prices continue to rise as people continue to sell so somebody's buying and look you know you mentioned earlier about the ETFs institutions all it's gonna take and I think you're already starting to see it. You know billionaires starting to buy physical gold and silver you know for actual delivery it's gonna change everything

and we're getting we're right on the cusp of where that starts to happen David. I think just this never happened it's always been convenient for them to buy GLD or SLV or whatever, park it in some fund. I don't think that's going to fly anymore. I think they're going to ask for physical delivery. And all bets are off at that point. And you know, I think that this article from Financial Times that central bank buying has been the main driver of gold purchases in recent years, but the recent surge in gold

ETF inflows highlights how fears over the economy and stock markets have drawn. I think that's the key. I think you've got people who have been investing in the stock market. Stock market has had a really bad beginning here of this year and the Trump administration. And so these are people who are typically stock traders. And so they're gonna look at, oh yeah, I can get gold as a stock, as an ETF. And they don't really understand what is there,

the issues behind it. And it's an easy transaction for them. They're already working with their brokers. I just sell this stock and I buy an ETF. They aren't really thinking about that. And I think that's really what is happening with it. But as you pointed out, you've got gold bugs out there, maximalists like Max Kaiser, Max

the maximalist. He has been a Bitcoin maximalist for a long time. Now he's out there talking about gold backed crypto because he can't get away from the crypto mindset, right? Can't get away from the tokenization mindset. I mean it's just Max is just gold. Don't complicate mindset, right? Can't get away from the tokenization mindset. I mean, it's just Max is just a gold. Don't complicate it, right? But again, even he is now seeing this as like, well, yeah, maybe I ought to think about that. I know a gold crypto. So I think that there's kind of this mindset where people have to move. The people

are owning stocks. First thing they're going to do is they're going to go to the gold ETFs. They don't really understand what that is or whatever, but they're going to do it because that's their mindset. They're working with that broker or whatever. And then I think the people have been working with the crypto stuff, Bitcoin. A lot of these maximalists like Max are going to say, well, okay, what can we do with gold in a crypto world?

They're looking at it from that perspective. But I think the key thing is the fact that it is physical, that it is outside of any of these systems, the stock market system or the crypto system. To me, that's its real ultimate strength. Is that it is, you know, what makes it truly priceless is the privacy aspect of it. Well, that's true. I mean, no counterparty risk. If you have physical gold and silver and you get to a certain amount,

you're going to want to have it stored somewhere. And if you need to do that, give me a call and I can point you in the right direction. I don't do storage, but I definitely understand the need for it at some level. And you're right, you know, about Max Kaiser and others, I think there's a lot of smart people in the space right now, whether they're crypto or whether they're precious metals or kind of people like me, which are both. And I think nobody has a clear picture of what's actually going on. We really don't know.

Mm hmm. Yeah. Even the German government, the politicians in Germany are worried about the gold in their vaults in the US. So I think that's gone on with it. No, it really is, I think, a sign of the times. It reminds me a lot of, if you ever read the Guns of August by Barbara Tuckman, it's about the lead up to World War I.

You know, they had so many war plans drawn up, David, both sides, you know, the Germans and the French and the British, they all worked on the Germans especially. They had something called the von Schlieffen plan, you know, and they just always constantly updating their war plans at the beginning of the 20th century. And of course, it kicked off finally in the summer of 1914. And then all those things were off the table. Nothing, I mean, they had plans and plans on top of war plans, and then everything failed. And I think we're all looking at this. We all know there's a tsunami of debt. We're in a sea of infinite fiat and it's debased itself. It really is truly disgusting if you look at the amount of people that are going to be wiped out. You know, there's that great

scene from the big short with Brad Pitt, and he's talking to the two kids of figuring out they've, they've stumbled upon this, you know, what was going to happen in 08 with the housing crisis and, and they're all proud of themselves. He said, you people, you know, you realize people are going to die, you know, like this is going to affect when a certain, you know, market conditions and downturns is like, there's a certain amount of deaths that follow. There's poverty, there's misery, and you know, the average person is gonna get caught off guard. So none of us really have a clear picture,

but I do know like watching the dollar loose, purchasing power against gold, watching the, now we got a, we're starting a currency and trade war together, you know, watching all of this. Going back to our original argument is being outside of the system is more important than ever and that's taking control of your own destiny when it comes to, like, your work and your savings, all this is all a representation of energy.

And you want to have to be as far away from counterparty risk as possible. You mentioned real estate. Real estate's overpriced. We're in a giant bubble with that as well. I don't think, and this is maybe, you know. And who can buy the real estate? Blackrock can buy the real estate, right? That's been the plan. You know, like they just create money out of thin air. And of course they buy it. It's's all it's all it's all fake. It's all based off fake. I don't think that we're in a bubble for precious metals. I don't think that true price has been reflected in our current markets. And people can say, well, tell you, is it all time high? I don't buy it. I don't think that I think there's so much manipulation that's going on in the last 50 years, especially in the last 20. I think that we're just at the beginning of an absolute tsunami of revaluation across the board. Precious metals are just getting started, and this is going to be, it's mirroring, you

know, and reflecting where we are. If you go back and you look at – I've been talking about the writings of Curtis Yarvin, who basically is idolized by Peter Thiel. I mean, they look to this guy for ideas and they echo what he has to say. They're talking about accelerationism. They're talking about accelerating and intensifying the chaos so that they can burn everything down. They're just like the World Economic Forum. They want to destroy everything so they can build it back better, so they can build it

back with themselves owning everything and in control of everything. And so this is what everybody who seems to be in power, regardless of what their political philosophy is or what they would like to build back, they all want to burn it all down right now. And that's the key thing. That's why we've got to get out of that system as much as we can. And even to the extent that everybody is starting to see how we're on the verge of collapse, as you point out, World War I, everybody was making plans because they could see the war was coming.

Well, everybody's making plans now. You've got these German politicians saying, wait a minute, should we have that much of our gold in New York and in America? Maybe we should repatriate that. And everybody's kind of circling the wagons and putting up barriers to things and prepping for a storm that is coming. They all see the storm is coming. And we need to do that as individuals because these people aren't going to do anything for

you. It's all for them. They're going to leave you to die. This is like the Cold War again, you know, the plan to save themselves and let everybody else die. This is continuity of government that we're talking about here. And that's their attitude. They're not going to do a thing for you.

And so you need to make preparations and prep and things like that. And a big part of that is going to be having something that is outside their financial system that has value, and it's going to have even more value after all their schemes have basically blown up, the pump and dumps after they've pumped it and dumped it. You don't want to be a part of that. Yeah, when they're done with it, you can have it. That's really what we're seeing. When they're done with the markets, when they're done with their schemes, you can have what's left

in the crumbs of the table. And you have to look at what history teaches us. Whether it's a Fiat scheme, whether it's a Ponzi scheme, whatever it is, it always comes crashing down, you know, and you look at history with the French had this with, and it's a blurb in history, but it's John Law. If you ever read the history of that, it's, you know, mid 1700s, David, the French, because this is Scotsman named John Law, he gets close to the French king. And he says, you know, they're having some economic problems in France. He said, well, look, I've got this strategy, basically he says, you know, they're having some economic problems in France. He said, well, look, I've got this strategy. He basically just print, you know, these notes direct from the treasury. And, you know, there was this economic boom, and then he went

and sold, you know, the Louisiana Purchase area, you know, all that stuff that the French held for a long time, and he sold off shares in that. And they just kept inflating the shares and there was economic prosperity for a while. A lot of people got on paper got really rich and then all of a sudden you know somebody said well I got to I go to call in the you know and turn in these notes I need some gold and then a few others did that and then there wasn't any gold and there wasn't anything to to back up the notes that they had printed and it did the entire thing collapsed in on itself like you know like a dying star and everybody you know there was so many people that got wiped out like it was an absolute economic disaster that's what happens with fiat currency it's just

that this has been on a much larger scale you know A lot of people look at 1971 and they'll say, well, since 71, we've lost, certainly if you believe in the space race, we haven't gone back to the moon, we haven't done this or that. We have lost so much footing in the engineering aspects and other technological advances. We didn't stay on par. What happened? Well, we left exactitude. We left the gold standard or what the semblance of any kind of fiscal sanity. You have, you know, trillions that have been printed off the books, you know, to fund the deep state and other things and things that shouldn't exist. We live in a funhouse mirror version of what an economy is supposed to look like.

And so none of that is sustainable. I think that it has direct correlation with the fiat system with corruption. And so we're watching this is going to play out. First of all, you know, we talk about tariffs. You can't fix the trade imbalances unless you fix the monetary imbalances. That's right. And he doesn't mention that. Yeah, yeah.

He's not going to bring manufacturing back as long as he's got all these regulations and taxes, but he's really looking at lowering the taxes that you see while raising the taxes that you don't see. It's all just a shell game. You were talking earlier about Intel and saying it wasn't intelligence. As you talk about John Law and all the rest of the stuff, remember that Isaac Newton lost a lot of money in I don't know if East India thing or Tulip Bulb Circle thing or Tulip Bulb thing or both of them.

I don't know. But this is a guy who was no intellectual slouch. He created calculus and physics that people have used for the most part. Newtonian physics is the basis of most of the real stuff that we do. But you know, he got snookered by this. And so it's not about intelligence, but it's about Intel. And it's about looking at what the people who are manipulating the market are doing and you're right you need to take a look at the central banks there's this disconnect now between what people at the retail level are doing and what the central banks are doing and and just watch the people going to be the

manipulators you know trade stocks that Pelosi trades follow Pelosi follow the central banks if you've got the money. And of course, we're getting into difficult times, but you know, if you've got the money, that's what the way you need to invest it is by following the manipulators out there. Well, that's one way to do it. You watch the, you know, follow the corruption, you follow the profit, you know, you follow who enriches themselves in this current system, and even they will be affected. I mean, I don't think you'll be able to hide from what's coming. I mean, even, like, look at the trillions were just wiped out in an instant. Think about a lot of those people if they just, you know, six months ago traded in those 401ks or IRAs and said,

I want physical gold, physical silver, and put it in a third party vault. I sleep pretty good at night knowing that I put people, because first of all, if you call me, I don't put you in collectibles and other things. I mean, we're just going to put you in the best bullion that we can that's acceptable by IRAs. But I've looked at some of the charts and things, the deals that we've done for people, and I'm. But I've looked at, you know, some of the charts and things, the deals that we've done for people, and I'm thinking, I've done pretty good for them to look at the prices. I mean, just going off spot price, everybody's doing okay. So, you know, it's not as, if you look at the gold too, at the end of the 20th century, David,

it was less than $300 an ounce. About the time I was going in the Army was less than $300 an ounce about the time I was going in the army, less than $300 an ounce. Put that juxtapose that to the stock market today. If you just started accumulating physical gold or even physical silver at the same time and then put that against where the market is today, which one are you better off in? Are you better off being your own bank, you know, and holding without counterparty risk or are you better off holding paper and fang stocks? Well, Jim Kramer would tell you, he would give you some metrics about how it's up and blah, blah, gold is $3,000 an ounce, you know, give or take. Okay. It's 10 times. So that's just, you didn't even have to do anything. You don't have to do a lot of analytical research. You don't have to worry about who's on the board. You don't even have to

polish it. It's not Enron. You don't have to worry about Worldcom going out and Lehman Brothers or anything. You just hold it in your hand. And so, I mean, it's really, it's funny because, you know, the deeper you get into the financial system, you think that these people are geniuses. You mentioned Isaac Newton, and there's been a lot of smart people that go broke. I mean, Thomas Jefferson, who I love, I mean, I admire so much and he's one of my heroes. He's terrible with money. Oh, yeah. Terrible.

I'm not smart like him, but I do a pretty good job when it comes to knowing what like the monetary system or something I see in that, you know, in the way that, you know, I don't think he saw it that way. And you know, he died, he was at millions and it was like a million dollars in debt, I think at the time. Well, you know, he was, he had the things that he loved. He didn't love money that much. He had all these books, which in those days, collecting books is almost like collecting cars today, you know? And then when they burned down the Library of Congress, he donated his book collection to

him. He's not looking to make a buck. That was one thing about the founders. They were not there like Trump in order to feather their nest to become multi true. To become multi-billionaires. They were not about that at all. And so, you know, in a sense, I understand that. I feel that way myself. I'm not interested in that, but I am interested in fighting tyranny, especially in my life. And so I want to make sure that I've got something

that isn't going to be spying on me. You know, your gold is not going to be calling into the Geo and Spatial Intelligence Agency and telling them what I'm doing here. But your money is in every other form. Your dollar is going to be doing that. All of your stable coins are going to be doing that. You name it. Every one of these other things is going to be doing that except for your gold.

Your gold is not going to report on you. It's also not going to run away when it gets a whistle from the government to do so. You know, when you get deplatformed or they don't like your opinions, they are not going to just be able to say, �Yep, it's gone.� You know, the wave of a pen. So I think that's the key thing. That's something we haven't seen before. You know, we've always seen the situation and we've all got the tales about people seeing big economic unrest coming and, you know, they sell all their stocks and things like put it into gold and then when the depression hits, they're liquid and they can buy a lot of stuff at far-sell prices. Well, that's great if you see that coming and if the timing

works out because it's one thing to see it coming, it's another thing to see the timing. But this is completely different. We've never had a situation where they've tried to control every aspect of our life with a digital currency. And that's what makes this time different. Now, we've seen the financial stuff and it's worked out great, but even if it didn't work out great, it would still be a wise thing to do because we've never seen this kind of threat to our lives before like we do from the digital cash. I agree 1000%. And this is the climate is being primed for that. We have to be very careful.

Eternal vigilance is the price of liberty. That's what we have to continue to strive to understand and uncover what's happening. I don't think people looking at this through the lens of economics, I think there's something much deeper here. Oh yeah. You know, I don't pretend to know everything when it comes to this. I just know that the monetary system itself is imploding and faster than I thought possible, David. I didn't think I'd see this, but we are watching it, so it's going to be interesting, living in interesting times, as we always say every Thursday.

Yeah, it really is. Yeah, you look at all this stuff, and I remember a few years ago going to a big car show in Austin, and I went around interviewing people and did a report on it. And I would ask them, I said, �So you realize that they want to get rid of all these cars? You know, they had classic cars, they had customized cars and all the rest of the stuff. And you realize that they want to get rid of this. You think it�s going to happen? Oh yeah, it�s going to happen.

But it�s not going to happen in my lifetime. Now you would expect that it�s going to be a lot of elderly people, retired people in the 60s and 70s who are saying, �Yeah, I think it's 20, 30 years away.� But no, it was also people who were in their teens. So 18, 19-year-olds, �Ah, they're not going to get rid of cars in my lifetime.� It's like, �Really?� And now we see that even for those of us in our 60s and 70s, it's coming in our lifetime. That's the way they've accelerated this stuff. I thought it was interesting to see how these people thought, no, that's some point in the

future. I don't have to worry about that. But now it's on all of us, regardless of our age, what they're planning on doing with all this stuff. But tell us a little bit about, I'm sure, like I said before, I'm sure you've been really, really busy there at Wise Wolf. You said that those has mainly been people selling to you. Is that correct? I think that's the majority and we've gotten some, some good direct sales that,

you know, people that have been purchasing from us. And we always have that. And that if you're doing that right now, good for you. Because so, so, so is the largest capital and holders in the world. When it comes to precious metals so you're done good. Yeah we've seen a change there and it is concerning to me because I think that a lot of people are going to miss out if they're not you know they think that there's going to be like a yeah I've had people come I'm waiting for the downturn

I don't know I don't I don't I just don't know. You have a cartoon of a skeleton covered in a spiderweb saying I'm waiting for the dent. It's the financial system is collapsing, you know? Just, I think you might misunderstand if, if you're waiting for something to turn down now at this point, I think you might misunderstand the monetary system. And in a complete collapse, it might go to something, but then no one's selling. So I don't know. I, I think, uh, you know, it's definitely a good time to buy.

It really is. Uh, we never know what's going to happen. I mean, you know, I was kind of surprised at how much it turned down is everybody got so enthused about Trump and his crypto stuff, but as you and I talked about, the fundamentals had not changed. And so that certainly was a buying opportunity. I talked about that. I said, �Gold is on sale.� Remember that?

I love the commercial. Yeah, the commercial is like, �It�s on sale!� You know, Trump euphoria has put gold on sale. And now people are starting to have some buyer�s regret when they look at what�s happening with Trump and what�s happening with the economy. And so that�s the reality. The fundamentals didn't change. There was a lot of hopium that was being snorted by people for a while there. And they're starting to have the, this is like the morning after, you know, they got the hang of the Trump hangover, I guess, is starting to kick in.

Well, anything else you want to tell us about what's going on at Wise Wolf? Well, anything else you want to tell us about what's going on at Wise Wolf? Well, we've continued the membership program is doing great and we added Sigma Wolf which is at the $750 level and I made some changes in there. Starting at that level it's $750 which you can make one time. All the stuff on Wolfpack, you go to davidknight.gold, if you go and hit that tab that says join Wolfpack, all of those are, you can do one time or you can do subscriptions. And we don't make it hard on you to get in and out of that.

If you wanna stop the subscription, we don't, it's easy. My team is like just ready to pounce on an email. We don't let you languish or give you 5,000, you know. Are you sure you want to count? We just like, sure, we will help you get in and out But the 750 level that's where you can pick Gold silver or mix so we can give all gold all silver or mix and then you know We'll fill it in the order, you know based off whatever we buy whatever we're getting in that week So that's something that I added to be a little bit more

Competitive because it was it jumped from 500 to a thousand So those are some ways, like, you know, just doing a one-time purchase through Wolfpack if you can, like even if you don't want to set up on it, that's a good way because we, on those invoices, I squeeze every bit of value I can out of those. So that's a good way to do it. I know not everybody has, you know,

we did something that the other companies just don't do. I mean, we care about regular folks. Not everybody has, you know, tens of thousands of dollars to buy precious metals, but you can go ahead and, I mean, if you're stacking precious metals right now, you're being smart. I mean, because again, it's not some, the dollar is not gonna, it's not gonna hold up against whatever all this is happening right now. It's not gonna do hold up against whatever all of this is happening right now. It's not going to do better. The dollar's not going to be stronger two years from now against commodities. It's just not.

So something to look for there. And I would add too that we do broker Bitcoin. That's fully operational. So you want to buy Bitcoin, just let us know and we can set you up with a wallet, do all that. It's a white glove service. So we're doing that myself and my brother, he's helping me. We've been in the space since 2016.

And we take Bitcoin as cash. We don't charge fees. You want to buy precious metals from us, let us know. You can do it on the Wolfpack side or you can go direct with me. We should get in contact with Max Keiser. You want to get rid of your Bitcoin? You can switch it over into gold.

You don't have to worry about somebody coming up with a crypto gold. You can do it right now at Tony's. That's the key thing. And I think it's key as you pointed out, you've got that larger level. Maybe somebody doesn't have 750 a month that they want to put into it.

But if they want to do one time purchase at 750, it's a great way to go. As you pointed out, gold, silver, or mix. Yeah, that's just one of our big start at 50. We've got 50 bucks a month. I mean, and that's the majority of our members. I mean, it's a lone wolf. It's a majority, but we've got everything in between. So just if you want to hit it one time, you can do that. You can use Bitcoin. I'm trying to make it as easy as possible to get in and out of the fiat system. That's great. And what I like about it, I've said this as well,

when I was talking about the ETFs, I had somebody with a question saying, so what should I do? I don't have a lot of money to put in. It's like, well, you can get $50. You can do it one time even at Tony's. And what I like about it is that you see that you can get physical gold in a fraction of an ounce.

And there's a lot of ways that it can go out there. And the chiclet things and the gold paper notes that have the physical gold embedded into them and are woven in. I forget what that's called. Goldbacks, yeah. Goldbacks, yeah. So you get goldbacks, you can get chiclet break-off, stuff like that. So a lot of different ways that you can buy gold in a small dollar amount.

And so there's a lot of different opportunities there. And that's one of the things I like about Wolf Packet. It introduced me to some of those ingenious ways of subdividing physical goals. So I really like what you do, Tony. I've worked with Tony for a very long time and I've been very happy with what he has done for us and with us. So again, David Iyadat Gold will take you to Tony at Wise Wolf Gold. He's got a lot of ways to help you prep to get out of the system because the system is coming after you. That's really what's happening.

Thank you so much, Tony. Oh, you got one more thing. You got a program following today after my program? Is that correct? Yeah, come find me on, I'll be on Rumble on the America Unplugged channel and on my ex, Tony Arterburn will be live there for the Arterburn radio transmission. It's an hour and we're going to be live. We'll continue this conversation over there too. Good. That'll be great. All right. Well, thank you, Tony, and thank you for joining us and thank you

for your support.