The David Knight Show - INTERVIEW Bank of America DOWN, Gold UP as Threat of Global War Rises

Episode Date: October 3, 2024

Tony Arterburn, DavidKnight.goldCan you "bank on it" at Bank of America?  Massive, widespread outageWorld Bank in lockstep with all institutions pushing biometrics & digital ID to REPLACE YOUR SIGNATUREIs Bitcoin "Digital Gold"? As war gets more serious gold surges & bitcoin fallsMoney should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFind out more about the show and where you can watch it at TheDavidKnightShow.comIf 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: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

as wise wolf gold you can go there through david knight dot gold let tony know that you're coming through us but again if you want to prepare for the kind of uncertain uh destabilizing situations that we've got i mean in lebanon amongst other things of course along with war they've got hyperinflation you take a look at what is happening there to see what is likely to happen in america you know peter shift is already talking about that saying oh well i think gold's going to go up to 26 000 an ounce well that would mean that we're going through hyperinflation but i think pretty much anything is on the table right now so we were just talking about toilet paper shortages and everything. There is no shortage of fiat currency.

They are making this stuff up as they go along. Of course, a lot of it is digital. It's going to be a little bit hard to use in the bathroom. But joining us now is Tony Arbon. Thanks for coming on, Tony. I guess that's the upside to hyperinflation. As we were discussing off air, it goes hyperinflation. You've got toilet paper ready made for you right there.

It's your fiat currency. The amount of fiat currency in the world, the answer is more, if you want to know how much fiat currency there is. Always just a bit more, and not just a little bit more, but a lot more. That's what makes these guys rich and powerful, isn't it, to manipulate that. Well, yesterday, we had a bit of a panic. I actually had somebody send us a thing saying, hey, the banks are out. I went to Bank of America, and they said that all the computers are down for all the banks. So I looked at it. It's like, well, no, that's just Bank of America.

It wasn't. Maybe what the person was saying was maybe it was all of the branch banks of Bank entire infrastructure, including the banking system and the computers that are there, doesn't it? Well, absolutely. And there might be a reason that Warren Buffett sold $10 billion of Bank of America stock just recently got out of that. The whole banking sector is in question. And, you know, they might be too big to fail and too big to jail, but not too big to lose your money. And it's electronic. You're exactly, when you make a deposit,

that's no longer your money. You're giving that over to the bank. That's just the way banking works. They'll take those currency units and invest them. And then they have an IOU. That's what your bank account is. So I expect to see more of these kinds of glitches, especially with AI

and some of these computational systems glitches especially with ai and and some of these computational systems they've got with banking and uh we saw what happened after ftx and silicon valley bank and some of those regional all the stress was put on those regional banks uh this could be a prelude to uh to things to come yeah i think it was zero hedge that had the story about bank of america and they put in the the little clip that's now become something of a mean from i think family guy and the little kid goes into the bank he says my grandpa gave me 100 bucks and told me to put it in the bank where it'll be safe and the guy says he's a smart guy give me that you know and he says and

we're gonna put it in this and this and this and he goes uh and it's gone he says what and it's gone and it's gone it just disappeared he goes what yeah i just gave it to you he goes, and it's gone. He says, what? And it's gone. And it's gone. It just disappeared. He goes, what? I just gave it to you. It's gone. It's gone. It's gone. He goes, I want to talk to somebody. He goes, you got an account here? He goes, yeah, just open one. He goes, you got any money in it? Well, then you're not a customer. You're gone too. You know, that type of thing. That's what the banks are good for. You know, quite frankly, if Warren Buffett is selling all of this stock, I would expect that if you or I were to have that kind of money and we sold everything all at once and then Bank of America goes down, you might have the FBI knocking on your door. But they won't do that to Warren Buffett. I guess he's not a suspect in the hacking stuff, right?

They absolutely would come after us for sure. But I think Warren Buffett gets a free pass on stuff like that. Some of those, some of those players in the financial system, you know, Warren Buffett, it was kind of a side note for precious metals back in the nineties. He did some sort of like a quasi cornering of the silver market.

And then he quietly walked away. I always noticed that was interesting. Cause you know, the hunts did that in the seventies, the hunt family in Texas. Oh, that was a big deal when they did it. Yeah. And it caused them their fortune.

And the deep state went after them. They exposed the weakness of the dollar after we went off the gold standard. But if you go back and look at your history, Warren Buffett did that. He was going to corner the physical silver market, and then it just kind of went away. I don't know if he got a call and said don't do that because in the 90s what you recall in the 80s and 90s precious metals were pretty much flat and the the market was up and then they had the tech stocks and all that and the bubbles going into to the early 2000s and so uh you know we're we're way past that now and all those things have been exposed for the for that they are and not true wealth.

But yeah, there was a time that Warren Buffett went after the silver market and then just stopped. Wow. Wow. You were saying, as we joined you, we were laughing about the toilet paper stuff and everything. We were saying Costco is starting to branch out from selling gold when they've got it to something else. What else is it that they're selling? They're going to start selling platinum along with their hot dogs and massive amounts of toilet paper, paper towels, toilet paper, and you can get a platinum bar at Costco.

They're doing like $100 to $200 million a month in uh in gold bars at costco a lot of places and what i've read is that they'll just front end load them and sell them they'll be out so they're they're selling a massive amount of gold through there this is and i think it's just the beginning too david i mean we're this is like a a small sliver of the american consciousness is starting to pick up on oh these this is money oh i see this is an asset and this is not and you know that's right the diminishing purchasing power of the dollar bleeding into popular culture just we're on the tip of that i mean i don't it's it's not it's nowhere it's nowhere near saturation at this yeah i think it was when you were on last week or sometime this

last week i talked about that the guy says well, I haven't had any taxi drivers or barbers trying to sell me on gold or silver. They've always got tips, stock tips and things like that in New York, you know, about what stock I should buy. And he goes, and so we know that there's a massive retail market that hasn't broken yet. You know, it's like after everybody starts telling you, you need to buy gold. Well, then it's at that point in time or whatever it is whatever stock is at that point it's probably oversold by the time it works its way down but he says he hasn't had anybody telling them that he needs to buy gold the you know the central banks are kind of keeping it to themselves at this point they know what they're doing and they know where this is all headed and they're

uh they're they're making the preparations accordingly and then at some point in time everybody else will catch on and then you will have uh And then at some point in time, everybody else will catch on and then you will have missed it at that point in time, I guess. We'll be into hyperinflation. They're definitely not putting out notices to the public service announcement saying, you know, you should also have some gold or you should have some precious metals. I noticed the government of Tanzania ordered their miners to sell them 20% their of their take whenever

they're pulling gold out of the ground they've been ordered to sell to the central bank for market prices because they're accumulating which is interesting that's like a that's one of those national moves where they get strategic on on their gold placement and you i've talked about it for years now about how these countries uh they they uh hide their uh gold reserves more than they hide their nuclear weapons more than they hide their arsenals and it's more secretive and you can see that too just around the world especially as the tensions ramp up and uh you know i was listening to to you here in the last couple hours talk about uh what's going on in the middle east and the geopolitical tensions you can can see the gold continuing to move around the world,

except for the United States. It's basically in the West, which is really interesting. I was reading a book about gold facts, and they had this write-up about auroraphobia, which is the fear of gold. Did you know that that's an actual disease? They treat people with auroraphobia. And I'm maybe maybe a lot of our central bankers here in the united states they have auroraphobia because we don't buy gold uh we're afraid of gold we try to stay

away from it as much as possible in the west you know and so you're starting to see uh you know somewhat of the public like in the costco story here in the united states picking up gold but most of the the gold price drive dav, is happening because central banks are buying it around the world. Governments are hoarding it because they're looking to see a monetary reset and geopolitical tensions and war. That's right. They're creating inflation. They're creating the financial reset, and they're going to make sure they've got something real to hang on to. But we also see every day there's more coming out in one place or the other,

trying to move us into digital cash, trying to take away cash. And, of course, how's that going to work out in a situation like you've got in North Carolina and Tennessee where people have no power? If they've got a grocery store that's there, they're going to deal strictly in cash. That even happened around here when we went out and even though we didn't lose power here, the computer terminals were down and they were only taking cash at the store. But when you don't have any power, this digital stuff isn't really going to work. But the World Bank now, it's not just an individual company a country but of course this is uh central the bank of international settlements the world bank the international monetary all of them on the same page and the world bank now wants

to replace uh signature some people with biometric data with digital ids if you're going to work in this system that's what they're going to be doing to us. They're going to push us all into digital biometrics and all the rest of this stuff. It's one of the reasons why I am so focused on the gold and silver stuff. To me, that is as big, if not a more important reason than the financial stuff, because the financial stuff comes and goes when we go through these cycles. But this is relentless in terms of pushing us into this technocracy. you got to have something that is real something that is anonymous something that is physical i think as a counter to that i couldn't agree more if you look at history what it teaches us is that whenever you have uncertainty whenever there's inflation whenever the debasement by

governments people always turn back to precious metals and And it's not something, I didn't make those rules. It's just the way it is all throughout recorded history. And we have some new technologies. Right now you see cryptocurrency, Bitcoin, and I support those things. And they're important, especially if they're decentralized, especially if it's something like Bitcoin, where you hold your keys, your wallet, your Bitcoin. I like that. But you're keys, your wallet, your Bitcoin. I like that. But you're mentioning the World Bank and the biometric systems, the Bank of International Settlements, looking for those clearinghouses and doing the same kind of thing with their blueprints for central bank digital currency.

These are all things that we need to watch because that's the grid that they want to put us under. But if you're looking at something outside of the system, truly to really completely be outside of it. And by the way, I support Bitcoin and I'm going to do more things in Bitcoin in the future with Wise Wolf. But gold and silver are truly outside of it because they're not digitized and they do something that Bitcoin and cryptocurrency can't do. And again, I support crypto. So a lot of the crypto people will think that I'm just a gold bug. No, I support that. But gold and silver exist in the third dimension. You can hold them in your hand. And I'm sorry, that's something that crypto can't do. You can actually see them, touch them, and you can carry them around. They represent a store of energy in this realm, or a store of value, too, in this realm.

So I would say that that's really going to be important, learning that in the coming years. And I think there's a lot of positive coming out of what's happened over the last five years, David. I mean, with the debasement of the dollar, the people caught on, the inflation was just too it's too much of a shock it happened too fast uh and you know you and i both know that going into 2020 that they had already just done massive uh currency printing of the dollar you know six trillion in the overnights for the for the repo markets and that's when i was first

coming on your show talking about that it was like in like one month we're doing the gdp of an like south korea you know and just and just switzerland switzerland and one of these dumps in the repo market it was the entire gdp of switzerland which is the 20th largest economy in in the world i mean that that's just the scale of this derivative fraud that we call the federal reserve right and so we we knew going in and so you add that plus over 1984 you add that and just again the dollar has been decimated uh and uh that's why we're seeing you know the the price shock at the grocery store at the gas pump everywhere you know just everything's gone up. I mean, I get notices all the time from things I had on automatic payments. Like, oh, we're raising prices.

Whether it's storage or equipment or supplies, I just see it all the time. People caught on and they're starting to take notice. And this is why Costco is selling $200 million a month. I want some of that Costco business. That would help me expand. If you don't go to Costco, come see me. i probably got some other deals that they don't have you know i mean really yeah i can't buy toilet paper here but that's the thing you know we got a local co-op and um that that we deal with and everything and and i i don't you know they've got good prices

i i'm not gonna buy anything that i can buy from the co-op since it's one of the few local businesses that are left i'm not gonna get it from amazon I can buy from the co-op since it's one of the few local businesses that are left. I'm not going to get it from Amazon. And that's the thing with you. We need to support each other. And your price is better on this stuff than Costco's. Your availability is better. And so why not help even if the price is higher?

I would still go with somebody that I know, somebody that is not going to be like Amazon, working to subvert our society and take away our freedom. It's just amazing. They have this big footprint, but we've got to support each other or we're not going to have anything left. It truly is. Well, everybody knows that Costco makes it way into the future because we saw that on Idiocracy where Costco is is actually welcome to costco i love you i don't know if you've watched that movie it's a documentary david yeah i'm a idiocracy yeah they they definitely make it into the future um but no i i would love some of that i think we do have to support each other and especially in these times and things again

there's uh there's dark clouds on the horizon. There's also opportunities. Uh, you know, you see, I think in, in this as a learning opportunity as well to, to, uh, to understand what's really going on. Oh, absolutely. Well, you know, I began the program by talking about what's happening in Israel and the escalation that's going there. There was an interview with a Charles Nenner. He's a, he dutch economist and his advice is to get out of stocks by gold he said uh he's warning of the imminent end of the american

empire he said this iranian missile attack we're seeing is just the beginning he says i don't know how big this war is going to be because everybody he said is going to be involved. Well, that's kind of interesting. And he says the end of the American empire is just around the corner. And he says, I don't know how these people are going to be able to bring it back. Absolutely. I mean, what do you think about what's going on with all this stuff? Well, I think, unfortunately, he's most likely right. I think the American empire is coming to an end we're overextended we've got uh treaties that were uh written by men no longer

alive committing uh americans yet unborn to fight on wars and most people can't find it on the map in places around the world i think that's what we have a bankrupt foreign policy we have for years uh you know the Cold War lapsed. And instead of rebuilding the republic and, you know, reshoring everything and, you know, having a rebirth of freedom and liberty here, we just went on the Crusades. And we went into the Balkans. We went in the Middle East. It was seven countries in five years, you know, what they told Wesley Clark. And I was a part of a few of those wars and um i would say

that you know you go back to my story going into iraq and uh the the run on the bank when the people were trying to trade the the iraqi dinar with saddam hussein's face on nobody wanted the currency and i went out to to buy some things from the from the market i bought a pepsi from a from a kurdish kid with a couple of bucks and i had you know i had a couple of us dollars he took those didn't take the iraqi denar now it's illegal to uh to use uh american dollars in iraq so just fast forward you know 20 little 20 plus years and now you can't even use the currency that uh was the world's reserve i mean that's what it was accepted around the world i think that uh you know the the moves that we've made weaponizing the dollar uh the arrogance and i think a lot of this i mean you

and i would attribute it to being on purpose you know that's kind of a controlled demolition uh in a lot of ways like just setting us up for failure whether it's you know trying to redline this thing with with russia and ukraine just creating tension for the sake of tension or whatever nato operation that is and then you know with everything with israel you and i have both talked about this for uh since october 7th and like you know this has nothing to do with hamas this has nothing to do with uh with terrorism this has everything to do with nation states this is iran and iran is tied to russia these are things that these are there's linkages in the in the geopolitical chain you know you go back to 1948 when uh harry truman

was being counseled on whether or not to recognize the the state of israel and uh you had dean atchison uh his secretary of state was saying well if if if, if we recognize that it may, it may drive a wedge between Iran and the West. Well, follow that with operation Ajax and Mosaddegh, you know, what we've overthrew. And then you were talking about the Shah of Iran and, and the interventions that we've had,

this is all blowback. Yeah. We made, we made our decisions back in the late forties, what we were going to do, the setting up of the cold war. So all this, when you're talking about what's at, like, that's what most people don't understand they see the surface level news but this is grand chessboard you know uh this is resources this is travel

routes this is trade this is this again this is projections of power and so you've got iran is linked with russia that's where we are and of course that with brics nations and then china and all of that and the in the uh the sanctions the these countries want to move away from the hegemonic dominance of the american empire they will overthrow they will throw off the yoke and i think that they're they're succeeding because we're making all of the wrong moves if we we wanted to continue to project power and hold the world's reserve currency, David, in my opinion, we would have brokered deals. There would be summits. There would be trade.

We've done none of that. We just ramp up sanctions. We dig in. And what did Lord Acton say? Something about the failure of most politicians is clinging to the carcasses of dead policies. We cling to those dead carcasses. Well, they certainly don't cling to the dead carcasses of the soldiers who fight their wars, do they? They just pay no attention to that.

It is, you know, we look at this, again, going back to George Nenner, he said he'd been something of a Trump supporter, even though he's Dutch and doesn't, he's not an American citizen, doesn't vote. I guess if he came in through Mexico, then let him. But he said, if winter's coming, he said, you go out and you buy a winter coat. And he said at the time that he thought that Trump was the winter coat. But now he's saying, I think even if Trump were to win, I don't think even he can fix what needs to be fixed. He said, it's ridiculous.

I don't even know how to fix the U.S. anymore. According to Cycles, the U.S. is finished, he says. This war now will probably turn into a world war. And the problem is that the U.S. will have to fight Russia, China, North Korea, and Iran. They have no chance to win. Nobody will have to invade the United States. They'll just finish them off with rockets from the air or you know the other part of it is that i look at i think the u.s will

just kind of collapse from within i think that is just as likely as a as a nuclear strike perhaps even more likely that it'll just kind of collapse like the soviet empire did i think that's really where we are and i think that there's a large design to that. You know, Tony, I don't know what you think, but I, I look at it and what's the big obstacle in the way of global governance while United States is. And then after that, the European countries are, so they have to eviscerate them, but it's primarily, they've got to get the United States down first. And, and then after they've leveled everything then they can come in after there's uh you know nobody to oppose them they can in they can bring in the poverty the austerity and then they can establish themselves as being in control i mean that's the game that i see happening yeah it's build back better yeah

that's what that is yeah in order to build something back better you have to destroy it first in the way that they want to build something back, right, they want to build up this new world order. They want to build up a one world government. They got to get rid of this. The United States is pesky with its tradition of the rule of law and the Bill of Rights, you know, the freedom of speech and assembly and, you know, the right of the individual's private property, David. We got to get rid of that. Now, the Second Amendment, for sure, we can't have these human beings be able to defend themselves against tyrannical government. So that's, I don't think it's that difficult to really drill down to understand what they're doing here, which is, you know, you could,

like the border is a great example example it's uh you make everybody feel psychologically where they're just uh they're helpless we can't even we can't even secure our border like we're a pitiful giant we have all this we can we have you know tens of thousands of nuclear weapons we've got submarines we've got the ability to launch satellites and you know all this other stuff and just massive technology and we can do anything supposedly, but we can't stop people from coming over our border illegally. We're just helpless. They just walk over Sherpas.

I think that's on purpose to make you feel helpless where you can't fix it. Of course, the voting cycle is over and over again. If we just get enough Republicans, if we just vote for them, they've been running on the same thing since I was a little boy they never fix the problems it's it's their favorite thing it's like telling the the pharmaceutical companies you know they're we just got to find a cure for cancer like just keep giving us money we'll find a cure for cancer or so or major diseases just make new diseases um so i think that's what what's happening with our politics and they're just running out the clock.

In my opinion, they've built, they've got their golden parachutes, a lot of the, you know, the high ups and the people in the, you know, the ruling elite ruling class,

they've got their golden, they're leaving at rest. So it's like a Viking funeral ship. It's on fire. They're just going to abandon us. And, and, and I think it's really just setting the charges too

because look at all the the kinetic wars that they want to get us into and i've been watching and it's amazing because if you unless you've studied you know geopolitical history and foreign policy and i guess i'm kind of nerdish like that it's kind of one of the things that i've done i was fascinated by that there is no more diplomacy i don't even know why there's a State Department anymore. I don't even know why there's... I don't even know why... Yeah, they're not interested in talking to anybody. They're not interested in trying to pull anything back for peace. It's full-on war. They want war. Anything they can do to escalate war, nothing will they do to provide peace or

security. They want chaos inside our country. When you look at the Soros district attorneys or you look at the border policies, they want utter chaos. They want to take everything down, financially and every other aspect. Again, this guy is saying, he says, look, we're telling all of our clients to get out of the stock market.

He said, we think that gold is the place to be for the next three years. He said, the dollar is not going to be for the next three years he said the dollar is not going to be a major currency he said saudi arabia has ended the petrodollar and so he said it doesn't have anything backing it anymore it's just a you know fiat currency and so we're kind of at this moment i think you know that you would always see in the roadrunner coyote films you know where the character the coyote is run off the edge of the cliff and he can keep going for a little while. And then eventually he looks down and there's nothing below him and he just drops like a rock.

And that's really, I think, the best analogy for that is the economy and the way the markets and the public react to things like that. They can get these people running on thin air and hopium. But at some point before they go too far they look down they see there's absolutely nothing there and then the economy just tanks yeah he says he thinks it's going to be worse than the 1929 stock market crash i agree who knows and i'm i don't want to i don't want to agree uh just based off of my reading of history and how over leveraged we are. And this just, again, goes back to being over leveraged, not enough equity. I mean, it gets technical.

You talk about how much debt we have worldwide, how much GDP. You can kind of forget about that in a way. What value do these stocks bring? What value, what true equity do these companies have? What true earnings do they have so if you're in the traditional stock markets which is hundreds of trillions around the world just really focus on those companies and uh do they make money do they do they do they provide

services to their customers but take out their central bank if you if you're not dealing if they're not if they're not dealing directly with the central bank those if you're not dealing, if they're not, if they're not dealing directly with the central bank, those companies typically on wall street, aren't profitable. It's how it's the relationship they have with the banking system. And the banking system is all about leveraging new currency and debt. So this isn't going to, this isn't going to turn out well, if I'm going to be investing in something right now, I'm going to look at hard assets. I'm going to look at things like land, and I'm going to look at things like your own business. It's something you can control, whatever value you can. So the closer that you can get away from counterparty risk, the better, because all of these systems and these companies

are built on cheap fiat currency, which is and debt and that's why uh any you know a true analysis on this is pretty bleak and it has nothing to do with being uh me favoring precious metals it's just looking at the reality of these companies truly aren't profitable and uh just even back in the 90s i remember my dad telling, he's like, you know, look at these companies. There's a hundred times earnings. This is insane. And he's telling me about how, like, this is how you would value a company because I don't have, you know, my dad had, you know, convenience stores and real estate. And that was, he was an entrepreneur and still is.

And he would just tell me, like, that's not how you truly value a company. He's, I don't have money in this because I always ask him, what do you buy kind of stocks do you buy i don't have any like i invest in my own companies and the reason is because of these projections yeah and when you look at the stock market i mean so much of it is just based on ai and it's an ai bubble like the dot-com bubble and they got ahead of expectations it was just a i haven't talked about it yet but there's an article uh by a guy from mit and he said a lot of successes and analysts but what he was saying was he said look i only think that there's only going to be about five percent of the jobs that are going to be replaced or uh seriously augmented by artificial intelligence he said it's been oversold and you're not going to see the kind of things that they're expecting that's going to support these these price to earning ratios like you're talking about.

That's not going to happen for a very long time. At some point, people are going to figure this out. And that's, you know, that's a big part of this inflated stock market right now. But, you know, on the other side, I want to get your take on this, because I know that, you know, you're you're friendly with bitcoin and open to bitcoin aaron day is as well you know he's trying to get out of the system and he's looking at everything that you can to get out of the system whether it's bitcoin or some other cryptocurrency and how can he keep that private uh he's looking at gold and silver all of the above he's working on all the time but i've seen a couple of articles now they're coming from gold bugs like peter schiffiff and Jesse Colombo.

But both of them are talking about how when what we've seen this last week or so, this decoupling of Bitcoin from a reaction to geopolitical crisis. As this is ramping up, we're seeing gold go way up, but Bitcoin is not. As a matter of fact, it goes down. So it's always been sold as a digital gold, but that's not what is happening now. Is this kind of a moment like we saw at one point in time with the paper gold and paper silver, where it stopped tracking with gold? And we said, wait a minute, what's up with this?

You look closer and you find out there's something out there. Well, what do you think about this idea that bitcoin seems to be decoupled from gold and decoupled from the or inversely affected by these geopolitical crises at least right now yeah i've noticed that and read into those uh those same points and uh i would say that again gold and silver have such a a they're so rooted in our consciousness and uh in our history as people uh you just go back and it's just it's just familiar it's just with us i mean we've in the modern era we've uh you know somewhat walked away from them because we don't see them as money in the in the popular consciousness every single day but it does it's still it's still a remnant it's still there i think what you're looking at when you see bitcoin fall a little bit when these

geopolitical tensions ramp up and i think because bitcoin really it's not so much it's not digital gold it's not like a safe haven or you know uh you know geopolitical turnout or or uh or any kind of turmoil or anything like that it's or or economic downturns in my opinion a bitcoin is is is a long-term bet on integrations for the system itself uh it's not exactly like digital gold it's not exactly a safe haven in that in that way but i think long term it's a bet it's a bet that um you know um there will be not be armageddon because if there if there is a you know massive war and upheaval and and uh tension i don't think that's good for bitcoin i think bitcoin's about markets and uh you know emerging technologies and

uh payment systems and and things like that i i just if there's you know we're talking about kinetic warfare sabotage that kind of things going on around the world i don't think bitcoin fares well in that in that condition yeah that condition kind of dropped back to the basics you do i think and maybe it maybe it it stunts the timeline a bit if uh i'll still be uh you know in bitcoin regardless i think because it's a bet on that there will be markets and there will be innovations and there will be you know again um a need for i think there is a need for bitcoin by the way if you look at like we just talked about i mean digitally it you know i can't take my gold and send it to you right now david like if i guess

i want to pay david knight you want to give him a gold coin i'm going to mail it to you for you to hold that physical coin so that's a drawback to that and there are some other cryptos that can do that but but bitcoin takes care of that problem right now and then so i think that's something that bitcoin can do but it hasn't quite gained the status of safe haven and i don't think that it it's going to for a while i think gold is still going to be that we got years and years of uh left where gold and a lot of the bitcoin people especially the bitcoin maximalists will say that that bitcoin is going to demonetize gold and silver it's not guys it's not it's not going to do i'm sorry it's not it's but gold and silver will all be always be

some kind of money and they i think they all serve a purpose but i think this was a interesting you know to watch the chart bitcoin's been stuck in this like 60 000 range for uh since march it's just kind of holding there and i think it's because there's still you know a lot it's still volatile a lot of uh adoptions happening but it's not quite the safe haven yet but long term i think it looks really good so long as there's civilization and it is a pretty amazing thing it was just a few years ago that you know was under 20 000 and now we're saying well it seems to be stuck around the 60 000 right we'll be excited about that i got a couple of comments and questions for you uh junk silver says wolf pack is awesome

highly recommended yes absolutely is i would recommend it as well and i do and i recommend doing business with tony uh it's it's great to have people who are going to support us and somebody who is on our side and somebody who is helping to give people real information tony follows this show uh coming up today on. You've got a show today, right? Yes, sir. Right here on Rockfin. I'll be on the America Unplugged channel and my ex at Tony Arterburn, I'll be live there. So come join us. That's great. Before you go, though, I've got a question for you. This is from Brian and Deb McCartney. David, had Tony heard that the U.S. does belong to BRICS?

I've not heard that. Have you heard that? No, I, I kind of joked that we should, we should apply. See what all the fun, what all the fuss is about. Yeah. Yeah. Do it as a hedge, right? Yeah. We'll join bricks too.

Yeah. I think I'll join bricks. Uh, I get South African Krugerrands already. So I think, uh, I think I should be an honorary member. Um, I think it's just, just I think just to hedge a little bit. That's right. Yeah, it was Brazil, Russia, India, China, and South Africa. That was the S there.

So we've got a Krugerrand, I guess, or maybe got a toe in it. I don't know. But that's really based on the value of the gold. When you look at what they're trying to do, I mean, they will say, well, it's about this or that. We don't like Russia's aggression, all the rest of the stuff. But when they're blowing up these gas pipelines going into Germany, everybody eventually figured out that what this is really about is trying to create a hegemony of gas and energy supply into Germany. They've got a whole different agenda that nobody talks about in public really you know it's it's just uh it eventually comes out and um everything they tell us is a lie and everything that they do is uh for this massive um

you know their their desire to uh to rule the earth you know it's just like pinky in the brain every day it's another plot to take over the world and everything they do is like that they're not for peace they're not for helping us as we can see now the aftermath of this hurricane but we certainly do appreciate what you do to help us tony and again if you want to have some wealth protection you want to have wealth insurance if you want to have something to fall back on uh when it really does hit the fan if you want to be outside of this digital trap that they're making for everybody. You know, you talk about it being a web. You talk about being a net.

Boy, I tell you, this digital ID stuff is looking more and more like a web and a net all the time, doesn't it? But if you want to get outside of that stuff, think about getting gold and silver. And Tony is your guy. He can help you with small or large transactions. And Wolfpack is great. Anything you want to tell us about what's going on at Wolfpack? Anything new other than scrambling around as much as you can for a supply as everybody's starting to turn this direction, right? It is getting crazier. We get more

and more people join Wolfpack, which I appreciate, and that helps the buying pool. Everybody gets a better deal. I just bought, I think yesterday we bought like 600 ounces of silver rounds that like it was kind of vary between mints and those are all going to go into Wolfpack uh lots of fractional good stuff I mean if you do promo code if you go to David Knight.gold and you hit the the tab says join Wolfpack if you do the promo code 1776 free silver um right my ladies here that pack every day here from Branson. And by the way, if you join Wolfpack, one of the things that people like about us, I don't keep your money almost like it's with like a day or two. Like so within if you if you pay us on automatic, we get your package out and we get a tracking number.

I don't want to keep your medals. I want it out of the door. That's a lot of people have asked me, how long does it take to to get it i'm like well i've made the system we've got a great crew by the way my folks that i hired it's a mother and daughter and uh they used to work and run a ups store actually that's so i mean they just any kind of package issue any kind of tracking issue or any they all know all the ups ups and downs of that so uh i've got uh i've got a speedy system that we've built and this is we're a long way from when i started i can tell you that this is uh i used to just be me and my dog and my notepad and uh i take i take deals and whenever

i would you know uh want to go go like a host for you down in austin when you were down there i would i would just close the shop and now i've got two shops and we buy all the time. I can't keep up with it. So I'm pretty thankful that we've got so much business. It's because of the times that we're in. Yeah. And you're going to have a lot more and it's going to be getting, you're going to be getting a lot more real soon. We're living in interesting times and I think it's going to be like trying to drink out of a fire hose, I think, before too long. I think it's really going to take off. Well, it's always great talking to you, Tony.

Thank you so much, Tony Ardaman, Wise Wolf Gold. And you can find him at DavidKnight.Gold. We're going to take a quick break, and we'll be right back. Thank you. We'll be right back. You're listening to The David Knight Show.