The David Knight Show - Interview: AI, War and Debt: A Financial Reckoning

Episode Date: October 8, 2026

The AI bubble is running the same playbook as every Ponzi market before it — Anthropic spends $1.60 in computing for every $1 in revenue, Meta has off-balance-sheet debt that inflates its valuation by 35%, and the entire edifice is being compared not to Enron but to multiple Enrons happening simultaneously. Tony Arterburn of Wise Wolf Gold and David Knight put precious metals in that context: gold’s selloff isn’t weakness, it’s war-damaged sovereign nations liquidating their most liquid asset to survive — and central banks are still buying every dip. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find 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-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Welcome back and joining us now is Tony Arterbin of Wise Wolf Gold, and he has set up David Knight. I'll take you to him, let him know that she came through us. And as we look at the economic system that has been engineered now and the engineered destruction of the petro dollars, I was saying before, based on creating stability throughout the Middle East, now these people understand that they cannot depend on the United States for stability throughout the Middle East. As a matter of fact, they will join in with Israel to. create instability. And so that's on very shaky ground. But we also have the AI bubble, which is also on very shaky ground. When you look at this, I'm seeing one article after the other. Of course, people have been talking about this bubble thing for quite a while, Tony, but I'm seeing one article after the other talking about how it's impending. And now that we're starting to get some of the

financials of some of these companies as they're putting together their IPO. It's kind of comical when you look at it. I mean, this stuff is way beyond anything that Enron never did already. And we've got multiple Enron's happening all at once. We've talked about this for years. I mean, the modern Wall Street system is not built on profitability. If you look at the balance sheets of these companies, the health of the companies are based on their ability to get cheap venture capital, more liquidity, to borrow more. it's based on, you know, earnings that are estimated, not actual earnings. You know, it's like 100 times earnings on some of these companies.

So or maybe the greater fool. Right. The greater fool, you know, and it's really more Ponzi and insider trading than anything these days. And it's not based on value. And you know how I know that. And, you know, I'm an amateur when it comes to like, you know, economics and what, what the markets actually yield. But I can, I look at history to be my.

guide. And if we go back, it's a fun metric, because I always go back to this year, but 1980 is very important. If you go back to 1980 as a metric where gold crossed over in like $850 an ounce and silver was $52 an ounce, if you look at that, if you look at the share of wealth that those two medals had in the overall financial market of the earth. So like, you know, this was, you know, the height of the Cold War for the most part. You know, the Soviet Empire versus the American Empire. There's a lot of geopolitical stasis. But in that, the share of wealth by the metals markets was about like 120th. And if you look at it now with all these Fiat derivatives and stuff based,

you know, sovereign wealth funds and currencies, it's like 1% maybe. So we've fallen, you know, with actual value. Actual value has been placed way over here in the periphery, whereas all this other stuff that is a bubble. And again, we're just, we're being a little bit, you know, I'm pulling back a little bit, just looking at the big picture. But this is in the macro setting, the real assets are not really truly valued like they were 46 years ago. Not even close. So we're in a really different world.

A lot of this is overblown. And the bubbles get bigger and bigger because of the Fiat system itself. And of course, the AI bubble. It's all really kind of like an AI hallucination. That it's out there. You know, just believe these people and take whatever they say is true, just like you should leave whatever the chat program tells you. You know, don't ever sanity check any of this stuff.

But now they're starting to get their sanity check. And it truly is amazing when you look at how little money they have made, how much money they have spent. I mean, you've got Anthropic is not even covering their computing costs with what they sell. They're still operating at a loss on each individual thing. It's looking more and more like Ford's, what was it, the F-150. version that was electric and they take the most popular vehicle out there, a truck, and then they turned it into an EV and they start losing a phenomenal amount of money off of each one of these

trucks. So that's basically what's happening with Anthropic. Yeah, and that's pretty typical of the modern, you know, tech company and not to mention AI. And what's interesting about the destructive power of AI and not just this bubble. And I think a lot of it can be useful. I mean, It's interesting if you look at the way that AI can help you, like, disseminate information and, you know, all the stuff that can help you keep up with in real time, especially stuff that I use for sourcing Intel, it's pretty valuable. And one thing that it actually replaces is it replaces all the hop, the snobbish kind of hobnobby guys, you know, like the white collar people.

It doesn't replace the plumber. It doesn't replace the electrician. You know, it doesn't replace the auto worker that, the, to build something. It really can't, even if you have robots, and it's funny, Pat Buchanan mentioned that

when I'm watching him, you know, 15, 20 years ago. And somebody said, what about the robots that replace the workers? He goes, well,

somebody's got to build the robots. I mean, robots don't build robots or repair them. So you're going to have some, there's always going to be human hands in something. And I think that's, that's the issue with all this tech stuff, is that it's probably going to be very destructive

for those who have built a career on the system being fake. itself. I mean, there's, again, there's not much value floating around, but because we live in a currency system that's not backed by anything, a lot of that gets inflated. So it gives you the perception of value instead of the actual value in these markets. Yeah, that's right. Yeah, when we look at, and when we look at value, we need to understand that the value of what is really happening with gold, I think, is not reflected in whatever today's current market price is. This thing is jumping around all over the place in terms of a lot of noise and a lot of disinformation

that's there. You know, we talk about the distortion of Wall Street. We competed with Blockbuster for about 20 years. And after they were very profitable at the very beginning when it was run by Wayne Hizinga of Waste Industries. He made a lot of money off of trash collection. And then he put trash out for people to watch, which is what I did as well. That was what the video's business was about. but he got bought by the Paramount people, right? And Somer Redstone, his Viacom, which owned Paramount CBS and a lot of other big media companies. They bought Blockbuster and they never made a profit. But they were like the last of the video stores to go to shut down.

But they operated for like 25 years losing money every single year. And they were able to do that because of Wall Street. Wall Street will fund something that doesn't make any money and they'll fund it forever. I mean, you can just keep selling this happy story. Look at Moderna. They operated for 10 years without making a profit by using the stock market. They would put out happy stories about some miracle drug that they had with MRA. And then people look at it and say, no, that's not going to work.

All right. Now we've got another one. This one's going to cure cancer or whatever. They did that game for 10 years before they were. We're given massive amounts of money by Trump. And so you can operate a company at a loss. You don't have a real profit. You can operate just as a Ponzi scheme on Wall Street.

We've seen it with Moderna. We've seen it with Blockbuster. And so that's what we're looking at right now. Now, Bank of America has been very bullish on their commodities. And lists have been very bullish on gold. They're now not quite as bullish. They're saying that risk that gold prices could fall below $4,000 in the fourth quarter. What do you think?

it's possible and the reason being is because of this war of choice that was launched by Donald Trump here in February of this year and perhaps this was simulated I tend to lean towards that now that they have to build a cover for the great reset and the monetary reset that they need to do and if you go back and look at statements that Scott Bessett made you know just two years ago or so that the world economic order needs to be reset there's going to be a new Breton Woods and now he's in that position as he said earlier about the bond market, I'm the house now, so bet against the house if you want to.

Well, the market's betting against him and doing quite well, actually. I think all of this, you know, if you look at the Fed's decision to raise rates, which, you know, in the face of everything that's unhealthy about the economy, especially in the United States, it's a pretty crazy decision. The reason we have inflation is because the price of crude went so high, and then the futures markets jumped. I was listening to a show yesterday. They talked about the actual price of diesel right now

is akin to $200 a barrel oil. Yeah, yeah. It was kind of interesting. There was one metric they were talking about a tanker of oil just sold on the market for 10 times the price of what it did a year ago, 10 times a price. $79 million. You have those metrics built into our system.

and, you know, the Fed and these financial wizards, you can raise rates, but that doesn't open a shipping lane. Okay. You can do all. You can try to tighten the monetary system. It's funny, I saw an article on KitCo, and one of the arguments was, well, the bond market's given a high yield. So, they got high yields on bonds. And so it's, it's pushing, putting pressure on gold. And I thought, are you really dumb enough to do that?

I mean, you know they pay you back at dollars, right? I mean, even if, I mean, if you look at gold and the, you know, you know, if you look at gold and Like I always go back to the infrastructure as being built. It's very important to watch because that's the new, like, you're watching the future with the stuff that's being built. So we're just in this really weird lull where, you know, silver is not priced correctly. Gold's not priced correctly.

A Bank of America could be correct. I do think that the $4,000 is probably the floor on gold given central bank, a gold demand. But again, you know, if you look at the rising cost of energy and all the pressure that it's putting on Fiat. currencies, their initial reaction will be to raise rates to tighten the monetary supply, but then the economies that they oversee are going to collapse. They're going to have to lower them really quick. So it's going to be this push-pull thing. They don't have a lot of tricks up their sleeves.

I'm long-term, I've said long-term bullish on gold versus the dollar, but we are in this weird kind of upside-down world right now where, you know, going back to January when silver was $120 an ounce. Well, I think part of it is people will get gold for a rainy day, right? And it's raining really hard. And so I think a lot of that, people are having to cover positions. And so they got to go back and, you know, sell something that is made money for them. And so you had a lot of speculators who got into it when it was going up very rapidly. But the central banks, as you point out, they're still collecting this stuff. Because they understand what the reality is. And they see the long term picture of this. When you're, getting record high rates on your bonds and things like this. Why is that happening? It's happening because people don't really want them. And they understand the risk in terms of inflation and other things on inflation

and the currency issues that are there. And so that's why they're having to bribe people, bribing them to say you're going to pay them back with more of these monopoly money that's out there. But it's all the more reason, I think, to look at something that is real. and something that's going to be outside of this system that they're building because we talk about this system they're building. The system that Bessent and Lutnik are building is a system of the mark of the beast where everything is by permission and control. They control all of it and can remove all of it at the push of a button.

Yeah, and these overlords are not immune to reality either. If you go back to 2025 around August, you look at the study that was done by the Federal Reserve. They put out a white paper looking at what would happen if we revalued our gold on the balance sheet. This is just for the Fed to rebalance the gold on their balance sheet from the $42 an ounce that we stopped in 1971 to where it is today, which back then I think we're probably around 4,500 or wherever it was around a year ago. So again, the system, and you look at Scott Bessent hiring Judy Shelton, who was the architect for the gold-backed bonds idea. Like that's an insider that understands like we could actually issue gold-back bonds. We're not immune to that.

The overseers, the so-called elite, they look at that too. The rest of the world is, and I think the reason why is because the world abandoning the dollar system. And rightly so, as I'm not a lot of the world. I've mentioned many times before, and we've talked about this probably for a year and a half now, but, you know, Hong Kong caught my attention because of what the infrastructure that they're building there, which is around 2,000 tons of gold in the next couple years will be able to be stored there. And I looked at an article up on Kitco, and before the invasion of Ukraine, before we levied so much more sanctions and, you know, that blowback that happened because of

what we did on to russia after their invasion of ukraine if you look at the amount of uh tonnage that was moved into uh hong kong through russia is around uh 30 it's around 30 tons and now they got like a hundred and 16 so no it's it's three to 116 sorry it's like three so it's this massive uptick in gold that's flowing through because russia can't send its gold to london anymore You can't use those traditional routes. And now they're building, in Asia, they're building this big hub where all these other countries can exchange gold and then do it in real time. And it can be stored there. And then obviously, you know, in a sanction friendly environment.

So away from the dollar system, this is this is the stuff that I watch. Because I think that's where that's where we're headed. And the powers that be on our side, oh, I guess our side that rule over us understand that too. Yeah, and when I look at this, to me, it's a perfect storm that's happening there. Not only do we have this irrational war that is happening that's so destructive to the global economy and causing so much damage, but we also have this gigantic AI bubble that is there. And as you point out, the shifting infrastructure away from the petro dollar as well. So you've got all these different factors coming together all at once.

And so when this great shaking comes through, why can you, you know, What is the firm rock that you can rest your finances on? I think that's gold. When you look at what's going on with Anthropic, for example, look at their IPO. This is an article from Yahoo. Eight things that don't add up about their IPO. Number one, a $2 trillion price tag when they got $4 billion in sales. What's a price turning ratio?

The fact that they lost $8 billion. The headline, $42 billion loss, exaggerates the cash burn, yet the underlying business is still losing billions, and those losses are growing. For example, when they look at the fact that what their profit claim is, it leaves out the cost of them building out AI. And then they spend more on computing than it earns. They lose money on all these different transactions, just like I was saying before, like an electric F-150. They spent $7 billion on compute in 2025 against $4 billion in sales. And they spent about $1.60 in computing for every $1 of revenue.

And then it gets even worse, Tony, because when you look at their competitors in China, like Deep Seek. Anthropic had some of the highest prices of any of the American AI companies, and they were 100 times more expensive than Deep Seek. I mean, what you could get for Deep Seek and spend three cents, you'd spend over $3 at Anthropic. I mean, and yet, this is what our stock market is built on. Our stock market is built on a couple of companies like this. Meta is another one.

And meta has a footnote. They've got an off-balance sheet debt. And the stock gets 35% more expensive if you look at that. They're saying adding the off BS debt to meta's estimated value raises its valuation multiples by 35%. And so we're talking about off BS debt, that BS stands for balance sheet, or maybe it stands for bullshit. That's their financial statements. It's interesting.

I noticed that a year or so ago when I got a chat GPT account, I thought, well, this is $19.99 a month. You know, it's for a standard regular. Well, cell phones three times that. You got to think, look at the market. Like, so is it, again, we're way more expensive than the Asian versions of these systems. Yet not enough to make these companies worth a trillion dollars or be the next iPhone or anything like that because there has to be an end profitability. There has to be a way to monetize it. And I've wondered how they're going to do that.

And I think maybe it's just being changed. cheap and then having this overvalue is a way to disrupt and take over, you know, search engines and everything, what, what Google was or is, you know, there has to be some infrastructure, you know, internet, Silicon Valley stuff that they're trying to overtake. I mean, there's not, you're not going to create a new market worth a trillion dollar. I'm not sure how you would do that given, you know, the user fee is 20 bucks. And they've gotten a lot of flack for being that expensive, like you said. I mean, against the Deep Seek and other things. Like they wanted to look at lowering prices.

I'm not sure how they would do that and be profitable. What exactly are they? Well, part of their business model, of course, has always been based on theft. It's like YouTube, right? They grab, and I talked about this a couple of days ago, it's like even in the documents in this lawsuit where New York Times is suing them for intellectual property theft and their own documents. They said, we're creating these doom.

loops. We are taking, whether it's articles from journalists or websites or whether it is music or film or whatever, we're grabbing all this stuff. And we're cutting out the creators. And they said, how long can this go on? You know, when we just live off of other people's creations, other people's music, for example, on YouTube. Nobody buys music anymore. They just go listen to it on YouTube and YouTube gives you ads and they get the lion's share of the money. And they give a little bit of it to the artists, but as they do incentivize all this, this whole business model is really based on theft. And I think that's why they think that's one of the reasons that they've gotten so much money. They think they can keep this up and they can extend it because that's what they're doing with

AI. They're just extending the theft model, co-opting other people's work. The whole premise reminds me of there was a speechwriter for Nixon when Pat Buchanan worked in the Nixon administration. His name was Herbert Stein. And he had, he had written something down. They said they called it Herbert Stein's law. And Canon referenced it all the time.

It's basically said, if something cannot go on forever, it will stop. That was Herbert Stein's. So a lot of this is just, you know, the fake markets and these overvaluations. And I remember having these conversations with my dad in the late 90s, you know, and he, my dad was entrepreneurs in the time he was 12 years old and had built, you know, multiple businesses. And it would talk to me about the stock market. And he goes, you know what would happen? if I valued my company at a hundred times earning,

like all these like, you think you had gasoline business and convenience stores, it'd be some insane number that's not worth that, you know? And they goes, that's why I don't, my dad never invested in stuff. Yeah, that's right.

You know, like I just invest in my own company. I don't do that. Based off of the, but that was, you know, dot com bubble era, which seems quaint now compared to,

they're just building stuff that doesn't even make any sense at this point. I mean, I agree. The technology is amazing. but you've got to monetize it. It has to be reasonable. Not everything deserves an IPO. And I just think if you're looking for value in this current climate and, you know, to get back to that, I mean, base level, you're not going to go wrong with having physical gold or physical silver, something that's outside of the system.

You have to be able to weather the storm, have the pain tolerance to go through some of these things. It don't make any sense. Like, why would we depart January at 100? $20 an ounce for silver, have the world turned upside down, and now we're half that value. Yeah. I mean, if silver is a monetary metal, well, I give you all these explanations why and nobody really saw coming, or maybe they did. I certainly didn't. But I do know that the long-term thesis is correct. And that's, I believe that, or I wouldn't be in the business that I'm in. And I don't have to be smart. You just said, look at history. Every fiat currency goes to zero.

history gives us that layout, that blueprint. The average lifespan of a currency not backed by gold or silver is 26 years. So we've more than doubled that because we're the world's reserve currency. But as you and I mentioned over the past many years, we lost the petro dollar, whether on purpose to create this new digitized off ramp with these stable coins, which probably looks more likely every single day. Oh, yeah, and they make money off of it. Yeah, that's right. and they enrich themselves as well. But, you know, we look at these bubbles,

and you were talking about the dot-com bubble, and, you know, the dot-com, the internet was a real thing, and there was a lot of money to be made there. However, the market is irrational in both directions. It built it up way too fast, and then when it realized that it built it up way too fast, it tore it down way too much as well. That's the thing we need to understand is that these bubbles don't just say,

well, you know, this is too high. Let's take it down to a rational level. when it busts, it's going to go below any rational level. We already lived through that with a dot-com bus. I mean, all of the tech stocks went down. It wasn't just some of the dot-coms that were there, but you had the people were making the picks and shovels where the internet went down.

You had every single tech company went down. And we're going to see something like that happening with this because this market is much more narrow. And there's been so much more, as Alan Greenspan put it, irrational exuberance, I think you're going to see irrational exuberance in the other direction as well. That's the way these bubbles operate. You know, they overcorrect in both directions. And so that's going to be the big issue, I think. And so when you look at this and you look at the fact that Mark Zuckerberg has got on their balance sheet, they've got $112 billion worth of

of costs, but then actually it's $628 billion. It's like five or six times the amount. So, uh, It's kind of funny when you look at it, but it's going to be when the music stops, it's going to be really, really bad. And you're going to need to have some kind of a gold chair to set in, I think. You know, it's interesting if you just remove the emotion out of it and just the absurdity from it. It's interesting to look at. The markets are irrational. They're irrational because I think my premise is that we have a fake currency.

and there's no accountability to that. I mean, you don't have to really reckon it. It doesn't, you know, so many dollars don't equal an ounce of gold fixed. And I think that just summons this sort of market behavior where you have massive times earnings, estimates that aren't real. You have these massive budget overruns. You know, 40 trillion in debt. You know that Ray Dalio was an article over on Kitko talking about how this.

this is 100% going to be inflated away. And what do you do when you inflate away $40 trillion? You create more debt that you have to inflate away, which creates this endless cycle of, you know, a snake eating its own tail. So your premise of holding physical metals in the face of this, I think, is it doesn't have to be a genius to figure out. Like, that's the proper move,

because you're talking about a fixed supply of something. And that could be even Bitcoin. But I'm just talking about physical, a fixed supply of something in a sea of infinite is what I do. And I think all the markets and things that are being built, you know, especially in the face of the new digitized system that you and I have discussed, what I think is really important to watch, you know,

the stuff with tether and how they just sanctioned, you know, Iranian money is like 50 million or something that they sanctioned. And we're very proud of that. Oh, yeah, yeah. We're still anybody's money, yeah, for the government. Yeah. I mean, it's like just being in the kind of, coming years, because trust is, especially in this fourth turning, trust is diminishing and has

diminished. And then we have a, you know, what if the clown world order of the Trump administration, which is about to hit a real speed bump, okay? Like in the next, what, 28 days, something like that, we're going to see the House and most likely the Senate is going to go to the Democrats because the Republicans disastrous, disastrous performance in the past couple of years. Well, yeah. if we have honest elections, I think that'll happen. But, you know, that's going to be a real, that's going to be the interesting outcome, I think, to see just how honest the elections are. I mean, that would, that would be a good litmus test. If, if there, if there are Democrats don't sweep, then there's no legitimacy because there's no way people are showing up going, I love these prices and these Republicans did a good job.

Like, like even here in Texas, I don't know, unless you're just hardcore, still wearing your MAGA hat, you know, like you live under. power lines or something. I don't know what's what going on with your brain if you still want. Well, I mean, you got Abbott is, they're concerned about Abbott. They're concerned about Paxton. Of course, Paxton's not a strong candidate, but Abbott, this would be what, it's third term, I guess that's there. And, you know,

they're all struggling against the Democrats. They're doing so well that in North Carolina, the Democrats have said, all right, we're not going to spend any more money. They were just going to coast to victory here in North Carolina. And you got places that haven't had a Democrat senator for 94 years. are now trending towards the Democrats.

So, yeah, it will be a litmus test for the honesty of the elections, I think. Yeah, I mean, it's Greg's fourth term, I think. Is it a fourth term? I think, yeah, I ran for Congress at the same time that Greg Abbott was running in the primary. He was Attorney General of Texas.

I remember I went to a speech that he, convention and he, somewhere, I think I was actually here. I was in Sherman, Texas, and it was along this, gosh, It's 2013. And he just talked about how he sues the Obama administration. I remember that.

It stuck with me because I thought, you know, you have the, what about the 9th and 10th Amendment? Like I was wondering why, why don't you exercise that? You know, when you just get lawsuits that don't go anywhere. And that's, I remember, I don't know if you remember a man named Tom Palkin, but Tom Pocken was ahead of the young Republicans back in the late 60s. He's mentioned in a couple of Buchanan's books. I ran into Tom Pocken one day at a,

at a meet and greet. And he was running for governor at the same time against Abbott. It would have been a great, would have been a great governor, you know, real conservative. And he said, no, he goes,

Abbott's already got all the money. You know, he's a girl rogue guy, neocon. And he's like, he's like, he's not good for Texas. No,

no, he wasn't good in 2020. That's for sure. He certainly wasn't. I remember that. Yeah, it's just a huge disappointment, but that's,

you get those cookie cutter, uh, candidates and people. And, yeah, it's, fourth term. So I think there's a there's a writing on the wall politically across the United States. And these energy prices really breached that. I've got a question for you. And we're going to take

that when we come back, Tony. We've got to take a break here at the top of the hour, folks. We will be right back with a question for Tony. Welcome back. And we're talking to Tony Ardibon of Wise Wolf Gold. And again, you can get to Tony with David Knight. Gold. And one of the things that Tony does that I really love. And I think it's something he's oriented towards the little guys like us. And if you want to start gradually setting aside and preparing for this economic disaster that is coming together, all these different, this perfect storm, you can start doing that a little bit at a time. And that's the way that you always have to start preparing for anything. As I said yesterday, Jack Lawson talks about preparing in terms of food. He said, just start buying a can of food here and there.

And you won't even notice the money that you're spending on and start storing it like under your bed, for example. You don't need to wait until you've got enough money to go out and make a big order of some kind of storable food. Just start storing it yourself little by little. And that's what Tony does with Wise Wolf. It gives you an opportunity to start actually preparing, not waiting until you've got some big transaction put through. But you can start doing it on a regular basis and just kind of fire and forget. Of course, you can change it at any time as well. But I got a question here for you, Tony.

Hatchcar 61 says with the instability taking place in the world, and bond yields and oil rising in price. Why do you think precious metals are selling off? Well, part of the answer to the question is the question itself. And the precious metals are selling off because the participants in that system need liquidity. They probably already had holdings. Like the war itself and the closure of the Strait of Hormuz, it was a big shock to the global system, which was already fragile in the first place.

I mean, even from, you know, we're still reeling from the Trump lockdowns of 2020 and the supply disruptions and everything that happened not just in the United States, but globally. So that, that was a real shock. And gold served its function. Silver is a lot less so. And people ask me about this all the time. I think silver has a way higher upside, but you got to ride that volatility. That's the thing. It's kind of like Bitcoin. You know, Bitcoin's volatile. You can have 30, 40 percent. swings, you know, and sometimes that really goes into your favor. Gold a lot less so. Gold is the most mature monetary asset in the world. It's been creeping into the financial system for thousands of years. I mean, you know, you go back to Lydia, you know, the Cresis who had the first gold coins and they called Electrum. It was an alloy of gold and silver. First. coinage, you know, this 2,500 BC or so. And gold predates even that by thousands of years and tradeability and the

things. So gold has had a huge head start on just about everything and every currency that's out there. So that's why it's used in what I like about gold is I know whether I'm here in Dennis and Texas or whether I'm in Beijing or whether I'm in Australia. The spot is spot. you know that Robert kiosaki tells a great story about he was a marine helicopter pilot in Vietnam and he was very interested in money his whole life and so he's a young guy he's in Vietnam he's a helicopter pilot he flies behind enemy lines because they had they had a gold mine there he's in Vietnam and flies behind enemy lines to go buy some gold and he meets an old lady

that chew this like beetroot kind of thing and made their teeth red and she just put out her hand said spot and he didn't know what that meant because because this is like 1971, you know, right when we went off the gold standard. So he wanted some gold. And he learned what Spot was. Basically, Spot was universal in this little hamlet in Vietnam and North Vietnam in a war. It's just as it was, you know, thousands of miles away. So Spot's universal.

That's a great thing. And that pretty much sinks up the world around like what value is. So gold is very liquid, silver candy. But the most liquid monetary asset on earth, gold. Mm-hmm. Mm-hmm. And as you're pointing out, it's a bit of a roller coaster. And as I've said before, I get too old to ride roller coasters.

They just had some roller coaster. I forget where it was, it was a six flag or something? Maybe you saw it where they had to shut the ride down. They had people get injured because the whiplash on it was so severe. It caused them to have brain damage. It's like, yeah, I can relate to that economically. I've had some brain damage from some economic roller coaster. I probably do.

I mean, I don't realize how much this stuff affects me. You know, I just catches up with me sometimes. You know, and I go, wow, I really am in the middle. Because they're trying to balance so many orders and buying and locking and doing all this stuff to do to protect yourself, you know, because you're in a volatile thing. I like it when gold dips into the, you know, 3,900 range because I'm going to back the truck up and buy a bunch of fractional gold for Wolfpack and pass the savings on. I'm okay with you and the Chinese central bank are doing the same thing.

That's the smart. What's funny, but human nature, your audience ought to start meditating on this. So human nature will show you buying something at the top. And I don't know why that is. I buy things, not enough, but I buy things. I was buying Bitcoin at $400. Unfortunately, I put all the Bitcoin through my machines. I should have just kept them.

But that's okay. I learned how to use it. So, you know, it's a very expensive, very expensive lesson on learning how to use a cryptocurrency, 10 years ago. But no, you know, gold's liquid. That's why it was sold off during that volatility. But make no mistake, it will, like, it'll find its level again. And I think we're way undervalued right. Well, it fulfilled its purpose. And that was to help people on a rainy day. And we have this perfect storm that's coming. And when we look at all the different results of these different things, I mean, whether we're talking about a permission based financial system or

We're talking about massive inflation. You know, it always points back to gold to me. I got a comment here from Star Barkling. Thank you for the tip, Star. I appreciate that. I'm now proud Alpha Wolf. It feels so good. Great company, Tony.

There you go. And I can underscore that as well. And it is a great way to start to dollar cost average, be able to be part of a buying group and get that leverage there as well. And also just regularly say, You know, there's a lot to be said for a regular savings program. And if you've got a savings program, you know, I want to put it in something. It's not going to lose value.

That's the key. I think so, yeah, anything else you want to tell us, Tony, about what's happening with Wise Wolf or the world? Well, I got a show coming up here at 11th, Central, 12 Eastern Arterburn Radio transmission, and I'll be live for about an hour. And, you know, working on a bunch of different projects. It's funny. I think you and I have the same. You do it so much more broadcast. I don't know how you do the shows that you do.

It's getting harder. Once and I remember going, I think I just aged 10 years. Six years ago, I did a full week of shows for you. But, no, I'm looking at doing a lot more intel for people. I'm working on a newsletter. That's something that's going to come to fruition by the end of the year. I'm hoping. but you know the weeks bleed into themselves David I kind of gets away from me and by

Thursday I'm like it's Thursday again I'm going to talk to David I got to do my show and so I appreciate everybody's patience with a lot of these projects and things that we're doing but the cool thing about wolfpack and like you mentioned and this company that we built and I got such a great team they make me look good by the way I mean I don't know way I can do stuff that my my people do but we've got a lot of improvements and other things coming your way and other great products that they that your comment on the alpha wolf if you look at that you know it's a $250 a month dollar cost averaging alpha wolf is I just started putting in half gram gold into it so

we were able to source half gram gold bars which I haven't been able to get for a long time and the premiums you know we cut those premiums down significantly so that's a great way to hold I mean you get a half gram of gold get a gold bar it's it's usually assayed and then you get, you know, silver, silver, silver, stuff like that and fractional silver. It's a good mix. I spend time on these invoices, so I appreciate that. And we're just trying to make it more efficient, easier. And plus, you can always get in touch with me.

There's no, there's no AI bot like, you know, rerouting you to some call center. Like, you can get through the, that's right. Call the switchboard, you can get to me, okay. That's right. And, and, you know, we just had, I haven't gotten to it. Yeah, but we had a, just had a CIA crook get caught. He had $194 million worth of gold. He had bars, gold bars and all this other kind of stuff.

But they know where to put it. You know, that's... He doesn't, he didn't invest it and he didn't hold it in fiat currency. He put it in gold. That's exactly right. Just like that crooked senator up in New Jersey. What was it? Menendez.

Yeah. He was collecting his money on the side. So it's out of the system. That's the key thing. It's going to hold its value. And so we should all be thinking about that. because they want to criminalize all of us in terms of everything that we do, beginning with our speech.

And so, you know, you want to have something that's outside of that system. It's really been driven on with me with PayPal and Vimmo and other places like that. So I want to, my first priority is getting out of the system. And if it's something that's going to hold its value, that's like, I'm there. You know, that's really what I want to focus on. Well, thank you so much, Tony. It's always great talking to you. And again, you can go to Davidnight.

That'll take you to Tony's Wise Wolf and let him know that you came. through us and start thinking about how you can start to prepare outside of this system that they're designing. It's not a system that you want to be a part of, but you want to be part of Wise Wolf. Thank you so much, Tony. Appreciate it. Yes, sir. The common man. They created common core to dumb down our children. They created common past to track and control us. Their commons project to make sure the commoners own nothing. and the communist future. They see the common man is simple, unsophisticated, ordinary.

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