The David Knight Show - Gold Stampede: De-Dollarization Goes Mainstream

Episode Date: September 4, 2025

Gold rips to repeated all-time highs as central banks dump Treasuries and race into bullion—clear signals of accelerating de-dollarization. Tony Arterburn ties the surge to Trump’s Fed pressure, tariff/sanction chaos, and a coming rate-cut sugar high that stokes more inflation. Meanwhile, silver breaks back above $40 and a rigged housing market—propped up by BlackRock and a shrinking dollar—pushes a generation out of homeownership.Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

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That's your podcast survey.com.ca. back we have joining us now on the line tony arterman and it has been a big couple of weeks for gold hasn't it tony i was just looking at the prices and i was going to talk about this a couple of days ago um the from friday to friday it went up two percent and then from this last Friday to Monday, it went up 3%. And then in 24 hours, it went up another 2%. It's really hitting all-time highs all the time again, isn't it? What's driving up? Everything's fine, David. The financial system is fine. Nobody's running for the exits. Central banks haven't broken all the records by hoarding gold. They now held about 36,000.

Brought in about 10 tons of gold, which was down, and that looked like to be a trend, except for the rest of the world's going for gold right now because of all the instability. I mean, you talked earlier about the chaos of the sanctions and the tariffs and things that the Trump administration is doing. Markets do not like uncertainty. That's right. And that is showing up right now in spades. And, you know, the all-time high and gold are just getting started. And it's a good reason they don't like uncertainty because you look at businesses,

whether they're small or large. They can't operate with this kind of uncertainty. You know, they don't know if they're buying in that something's going to be 50% higher than it's going to be in a week or two. This kind of whipsaw stuff is just the ultimate insanity. It's the dumbest thing I've ever seen. Yeah, if you wanted to create an environment, where the United States had a robust economy, you would do different things than what's being done right now.

And especially, you know, I mean, some of the gold price certainly is the anticipation of the lowering of interest rates or the replacement of the Fed chair or whatever that is. I mean, there's something built into the gold price there. But I'm really of the school in talking to you over the past few years of we've noticed together that the Federal Reserve really didn't, affect the price of gold. And when they've raised interest rates, usually that will decrease the price of gold. And gold hit all-time highs in the face of them doing that. So I don't think that the interest rate necessarily is that. I think it's the geopolitical tensions. And I think it's the things like de-dollarization, David. I mean, if you look at, we just, you know, gold surpassed a week. The gold surpassed the euro as the second most held reserve asset by

central banks. But now gold has surpassed the holding of treasuries, U.S. treasuries. That's another thing that just got passed in the last month or so. So the world now holds more gold than U.S. treasuries across the board as a reserve asset. So that's another thing of the de-dollarization is still continuing to unfold. And of course, the media is so focused on everything that's happening in the United States solely. And what's going on with the Fed, what's going with Trump, they're not paying any attention really much to this Shanghai cooperation organization, I think it is the SCO that's happening there. And that's all a blowback against Trump's bullying because that's essentially what the terrorists are. They're not about protectionism. They're about

bulliesm, I guess is what you could say. It's about bullying these different countries. And it's really destroying the system that America had made, continuing the work that Biden had done in his administration. But it is, as Ray Dalio said, Trump's America is drifting into a 1930s style autocratic politics. And Trump is very happy about that. He wants to be seen as an administration that reorganized everything like FDR did. And he's really organizing it along central planning and socialist lines as well, I think. Yeah, because that worked out well in the past, always. The central planning always works out well. No, that is, that is, it seems to be the theme. This really isn't about economics. I mean, even for, even for the short term, you know, if you look

at the magic pill that Trump wants to push, which is the lowered interest rates, or taking interest rates to zero. I mean, just make the money printer go burr. That's really what he's wanting to do. And you need a weaker dollar in order to play these tariff games. And the sad part about all of it is that this fun house mirror version of what the tariffs represent to the public now are not what their intent was

or what they're supposed to be used for or what I supported them for. Now I don't I have to back off of what my previous support of things like tariffs because I don't think they're being used in that way. It's more of a

it's more of a stick and no carrot and you're right about the rest of the world is reforming coalitions. You can look at the easiest example of that would be Bricks, which is Brazil, Russia, India, China, South Africa. But it's more than that. I mean, geopolitically, militarily, economically, all of the forces that are aligned against U.S. hegemony,

which has been abused, are gaining strength. And we look ridiculous right now, and that's unfortunate. Well, as I was just saying, you know, we had India and China. we're fighting each other at one spot on the border not long ago. Now they're embracing each other as friends because of Trump's bullying. That's what's really happening with all this stuff. So Ray Dalio said there's a strong autocratic leadership that sprang out the desire to take control of the financial and economic situation, same as it was in 1930s.

And that's really the path that we're going on. And, you know, Trump and the people around him, whoever is making the policy, people around him, know that they've got this massive debt that he's growing by leaps and bounds. And they want to monetize that with inflation. They want to be able to pay it back with cheaper dollars. And they want to be able to pay it back at a cheaper interest rate. That's the strategy that he's focused on. And that's why he's pushing so hard. And I don't know, when you look at what's going on with the Federal Reserve, they may be able to get this one person out. He may be able to intimidate Powell. Gerald Slyndtie always said, Trump's going to get whatever he wants.

once out of the Federal Reserve because he did the last time. But he's really put the screws on him with this stuff. He certainly has. And there really is any other examples in modern U.S. history of the president, you know, openly intimidating the Fed chair or calling for the removal of a Fed chair. I mean, there's examples of Lyndon Johnson supposedly bullied the Fed chair in the Oval Office, but that was in private. This has been open.

And I think that begs a lot of other questions about the role of the Fed and what the Fed is and this private banking consortium and how much power they actually have and what the presidency represents. And a lot of this is still just a show. I mean, yes, Gerald Salente is right. Trump will get the rate cuts that he wants.

That will happen. And I think that that's just going to signal further inflation. The era of inflating our way out of these crises, though, I think, is coming to an end. Just everything that I followed over the years and knowing what the metrics say, you know, if you go to 130%, for whatever reason, that's a magic number, David. But 130% of debt to GDP is with some sort of tipping point where, you know, most of the economists agree that's a Rubicon. You cross that and there's really no coming back. I don't know, you know, what the plan here is other than, you know, short-term fulfillment,

which could be. I mean, it could be just trying to pass the midterms and just buying some time. You know, it's the economy stupid, always coming back. When you get a debt that is so large, it starts crowding out all the marketplaces. And that's the key thing. You know, it's the elephant in the room that is destroying everything. And the federal government has becomes larger, more authoritarian, more dictatorial, is crowding out. all the individual decisions around then.

That's why it's destroying the economy, and we'll do that. Ray Dalio says he gives it about three years, give or take a year or two, before we have a big debt-induced heart attack. They're going to drop the interest rates by a quarter of a point, by 25 basis points. Some people think that it's going to happen with 50 basis points. And a lot of people are saying gold is not done yet.

So you've got a lot of people projecting $4,000 in the near term right now, as well. And as I said, it's been jumping, uh, leaps and bounds we've seen with, uh, this happening. Uh, silver, how silver doing? Well, silver is, uh, at a, um, almost an all time high again. I mean, it's, uh, within striking distance of that. I mean, $52.50 is the 1980 high, but you look at 2011. This is the first time since 2011. We've hit over $40 an ounce. I'll pull up live spot prices right now. We'll see where. we're at um but i think though something happy up 40 40 and 68 cents uh as of this broadcast is where silver is so we're above the the 40 dollar mark for the first time since i've been

in business uh for the first time since wise wolf's been in business we hit 40 dollars so um interesting to see there and i i think we're just getting started so this kind of goes back to conversations you and i had a year ago or more and i started to notice that that these nation states, and especially got Russia, we're putting silver as a strategic reserve asset. And I thought once that happened that a lot of these, the Comex and the contracts and a lot of the paper and the ETFs and things that were papered over,

I thought that that would start putting strain between the physical dichotomy and the paper. And, well, I may be right there. Something happened. And I think the day, of cheap silver made me behind us, David, though, where I was saying, you know, when we're in the $20 range, mid-20s, I was saying this is extremely cheap. And I was saying it was cheap at mid-30s. And it still is given what, you know, its all-time high has been. And of course, what's happened

to the dollar, I think it's extremely cheap. But it is interesting to watch. I was just looking at while we were on break, what Bessett was saying about declaring this national housing emergency in the fall. He was saying are rightfully identifying the problem. It's not an emergency though. I think it's a long-term planned takedown. And it's not some unusual thing that's just kicked in, as you know, and everybody knows this is a result of a lot of over-regulation, mismanagement, inflation, other things like that. It is a reflection of where we are as a society. He says all things are on the table. And he's talking about how how difficult it is to afford homes, but he thinks that the solution is going to be.

He said, yeah, look at this. He's saying this from a restaurant. He said, eggs are cheaper now, thanks to Trump. And we're going to have this lady who's working here in a restaurant. She's going to be in a much better position because she's not going to have taxes on her tips. And it's like, well, think through that. Maybe that's what's making things so difficult and unaffordable. It's the taxes and the debt that you put on us.

But they're not going to do that. I imagine they're going to come up with some kind of. of a free giveaway, don't you think? Well, the price of housing, that's an interesting metric because that reveals the scam of Fiat currency, the price instability of currency that's constantly losing value, and the reason that the current generation is basically priced out of the housing market, I mean, was it 15 years ago, the average homebuyer was around 30 years old, David, now that's 40. Yeah. And so this entire generation of young people have been priced out.

That's because the wealthier that you get, you will park funds in real estate because you can't put it in a savings account. And the CD's not going to do much for you. So these wealthy people will just buy more and more houses. They don't even live in them. Yeah. And we see that with, you want to talk about fueling the home prices. Who's this, who's the mega buyers right now? That's Black Rock.

Yes. You know, gone, gone in in 2020 and buying up. massive neighborhoods and outbidding individuals. So there's a reason why that, you know, this with the de-dollarization happening around the globe and the- And of course, it's interesting that BlackRock are diminishing. It's interesting that Larry Fink and BlackRock were so involved in the mortgage scams of 2007, 2008, and then managed to parlay that into his massive fortune that he has there. But yeah, as it goes up and we're talking about a generational thing,

even people who are in the generation that I am who are able to afford a house we have to look at this and say and who are we going to sell this to right if the younger people can't afford it it's a it's a problem for all generations that's exactly right um eventually real estate's worth what someone will pay for it yeah it's like when somebody comes to me with a with a rare coin or something or I have an error coin I have this penny and I'm like that's really cool and you I looked it up on an app and it's worth $1,000. And I'm like, that may be true.

I don't have anywhere to sell it. So, I mean, there's, there's an issue with real estate. I learned this as a, I was a young real estate broker at 25, and that was from the first business I ever started. I called it Monticello real estate after Thomas Jefferson's home. I had my first real estate brokerage. And so I learned a lot about real estate. And, of course, it culminated with the housing collapse in 2008 and 2009.

And I went and started a different business, but I've been in real estate a long time. I think that we're definitely going to see kind of an end game to whatever that was where, you know, the American dream, the white picket fence and all the stuff and that everybody, you know, has a house. They're priced out now because of what happened to the currency. We have a currency crisis. Really, the currency crisis affects everything else. And then it just appears that it's a housing crisis when really it's a currency crisis. Yeah. And I think a lot of the younger people, if you look at what's going on with Bitcoin, they're buying Bitcoin. They're buying other things they can get into. They can own, you know,

they can stack Satoshes instead of buying real estate and they can own a piece of something that is finite. And a lot of people think that way in the digitized world. And I think that will show up in housing. Eventually, a big portion of the housing market, I believe, David will be demonetized in a way. If you look at, I think it was they did a study recently, it was British Columbia. Was it like, you know, five, ten years ago, it would take a hundred Bitcoin to buy a medium-sized house. And now it takes four. So like in priced in Bitcoin, the housing market is demonetizing.

It's actually getting deflation. But priced in dollars, it's inflationary. So I think a lot of this is going to work itself out as we go through the digitizing of currency and what's happening with the dollar and where we land. And this bubble, it may, you may be correct where people have, we've built up this housing with, you know, previous generations and sold and it has gone up and gone up. And they priced itself out and you don't have any buyers. except for Black Rock. Yeah. Who wants to own everything and you will own nothing.

I have Defy Tire at 1776. It says, Gold will be useless when CBDC is implemented, outlawed by government. I disagree because I'm looking, one of the reasons I put that article in this stack about the guy that was arrested when we went back to Britain because of his tweets. Britain is working very hard to give,

of ID cards to everybody. This is something Tony Blair always wanted to do. Going back to Blair and Bush, they were all about national identity, right? And those things have stayed there kind of under the radar, but they're bringing them back now. And first of all, they won't call it CBDC. They'll give it a different name. But functionally, it'll be equivalent to that. It'll be some kind of a stable coin. And I would just refer to people who think that gold is going be prohibited, I would refer them to the drug war. You know, gold is not something that is, you know, when you've got something that doesn't even harm people, right, you can look at drugs, you can look even at alcohol, and you can say, well, there's a lot of people who don't

like that because of the harm that's done to individuals. And so they might side with that. But with gold, prohibiting something like that, I don't think that they'll ever get away with that again. I don't think people voluntarily turn it in. People are too scared. skeptical about and rightfully so of the federal government now to to cooperate with that as Gerald Sinty said his his dad or grandfather dutifully turned in their goal when the when FDR wanted it turned in but that's not going to happen today if they were to outlaw goal people aren't going to turn it in to become an underground economy and it would actually probably help it because we need something to get an underground economy going that's in something I think

other than drugs, they don't have the ability to prohibit anything they want, and they can't really enforce that. Now, gold is one of those mysteries, too. If you read, you know, I've read extensive histories on gold, and I would refer people to, I just did a podcast recently with Alan Herrera who wrote another history of gold.

I thought it was the most complex, well-written history of gold I've ever read. and I did an interview with him a couple of months ago on my channel on Peritruthers, check that out because it goes deep into how it's interwoven into human history, so not just monetary. It's just a part of our story.

It's never going away. Communist governments, as you know, David, they temporarily outlaw people of having gold, but they love it, they need the gold, they hoard the gold, the governments do. They never really, you know, and that's the reason that FDR made it, you know, illegal for you to hoard gold or own gold and turn your gold in in that

executive order is because they wanted to transfer it back to the central bank and to the bank of international settlements. And that's where a lot of the gold went. And so when it was turned in, and I might remind people, they turned it in and then they raised the price from $20 an ounce, or $20.67 an ounce to $35 an ounce. So it was a great heist that happened. So gold will always surround value and what we consider money. And there will be other things on the horizon as well, like things like Bitcoin or something like that. But gold will always hold some sort of value and will be considered money. I agree. I agree. So tell us a bit about what's going on at Wise Wolf. Well, we've got a lot going on. I've been in Texas last

a week. I'm working on my physical location. I don't know if I told you, David, I bought an old branch bank. It used to be a Bank of America. It was a Texas State Bank. It's like a, it has a drive-through, has all the stuff that anyway. It was being used as a

CBD shop or something, and it went up for lease. I'm like, all the stuff is still intact. It's still a bank. You can use it as a CBDC shop now, I guess. That's the C-B-D-C. Yeah. So I've got I've got the bank and we've been working on converting it over.

We're actual, we're operational right now for its, and I rebranded just for this location. I did Wise Wolf Gold, Silver, Bitcoin have a new logo. And so we're the only drive-through gold, silver Bitcoin place in America. That's great. So we've still got all the bank stuff intact. I've got an office and a studio. I'm working over there. Today was supposed to be my last broadcast out of my house, which is funny.

I'm going to, when we get that done with the show to figure out what alphabet agency was trying to hijack my computer. But we'll have a new studio over there. And, yeah, it's been good. And, you know, really just Wolfpack is about to get an upgrade with a new website. And, you know, in this day and age, for whatever reason, things move at a very slow. pace when you try to do projects. I don't recall that everything taking this long, but we're rebuilding the website for Wolfpack, and that's going to be exciting. We'll do a big, whenever we're done, I definitely will talk to you about it and talk to your listeners, which is a

great portion of our Wolfpack members on what the changes are going to be made, and we're going to be offering some things to join the new site. Jason was talking about Wolfpack and said, you know, we first started getting this stuff. He went back and looked his records and both gold and silver have doubled in price since he did that. And so, you know, that's the beauty of it, you know, the fact that you can gradually accumulate this. And it's one of the few places where you can actually have kind of a savings program and not lose value, you know, like you would if you were to put it in a bank. That's a wonderful thing that you're doing. I don't know anybody else that does that. It'll be interesting to see what you do with your drive-thru there at your new building.

But that's great, Tony. Glad to hear that. And I think it's been a good thing. And I'm always happy to promote gold and silver because it's real, it's physical, it's private. And I think regardless what the markets do or don't do, regardless of what people do in terms of manipulating the markets, that is a key thing for me. Because I understand what they want to do with this stuff, with digital ID and other things. And we have to have some kind of an outlet outside. of that. And I think people need to understand that, like I said earlier, you can't really

change the wind, but you can change your sails in order to, when you see what's coming in. I think that's a very important thing to get out of their system as much as possible. We can't do it completely. But, you know, start making those preparations. I think we're just getting started. As a matter of fact, I mean, I look at the prices and I look at what the conditions of geopolitically and everything that's happening, David, history. I think we're just getting started. It's just the beginning. Batting down the hatches and get ready.

There's a storm. There's a storm coming. That's right. And I'm not Q. I'm not talking about that kind of storm. They're not going to be coming for the pedophile networks. They are the pedophile networks. There's a different storm that's coming.

And it's very different from that. Well, it's always great talking to you, Tony. And you've got a program that's going to be following this one today, right? Yeah, we're going to try to get it. Hopefully, we're running the Arterburn Radio. Radio transmission will be over on my ex at Tony Arterburn and Rumble on the America Unplugged Channel. So come join us. That's great.

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