The David Knight Show - INTERVIEW From Fiat to Fractional Gold and Goldbacks

Episode Date: April 18, 2024

Inflation & war have always driven gold and they're back.  But there's something much different this time.  Gold can be a hedge against CBDC but what's the best way to hold it?Tony Arterburn, DavidKnight.gold, joinsMoney is only what YOU hold: 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: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 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.

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And if you're like me and think a TFSA stands for Total Fund Savings Adventure, maybe reach out to TD Direct Investing. Okay, and joining us now is Tony Arterman, and he has Wise Wolf Gold. He set up DavidKnight.Gold to take you there and let him know that you've come through us. And right now, gold is at the center of everything, isn't it, tony it's

amazing to see everybody turning to gold we've even got the president of el salvador who has been very heavily into bitcoin and pushing that now he's even actually embracing gold uh what's going on absolutely amazing times david i just read uh one of the funniest headlines was uh zimbabwe has a new gold-backed currency. And they're saying implicitly, we're not going to create more currency units than the gold reserves that we have. Now, if anybody knows anything about Zimbabwe, it was the international joke because they had the trillion-dollar notes of fiat. So this is a complete 180 and a departure from really where the world's been since 1971 when Richard Nixon took us off the gold standard.

Now we have a lot of reporting coming out. There's major buyers that really you peel down the layers, it becomes China. And a lot of these gold distributors that were making like one ounce gold bars for people around the world are actually turning into kilo bars and being shipped to China. This is happening all over Europe. I'm noticing this in my business. It's weird. The price of gold continuing to go up, continuing to break all time highs, but the buyers for large amounts of gold in the public sphere are actually decreasing, but the buyers in the larger central bank buyers, those are increasing. So it's a, it's a strange time. Uh, you're seeing like a lot of dealers like me taking in a lot of

buys and those, those bars and all those ounces, I believe probably flowing up, uh, somewhere to central banks and larger, larger buyers and institutions. Uh, and it's, it's really interesting, David, it's across the board and it's driving interesting, David. It's across the board and it's driving the gold price. And I know the financial analysts are all very confused by it because it has nothing to do really with the markets, the Federal Reserve and Jerome Powell's language about raising rates or lowering rates. It isn't really moving gold. I think that's confusing people because it's really about its global demand and its unprecedented global demand by central banks and especially players like China. I kind of referenced it quickly yesterday.

I didn't read all the different quotes, but there were about 10 different people that are involved with the Federal Reserve talking about how, well, you know, I don't think we're going to move as quickly to reduce interest rates and all of them talking about how we're going to hold them there and kind of hinting that it's going to stay at these rates or maybe go up. They're putting all this stuff out, as you've talked about many, many times. The interest rates are their way of attacking gold. They're trying. So now they're talking about, well, we're going to keep interest rates up and not lower them and that type of thing.

But that's not causing gold to go down. And you talked about this in the past as well. Isn't it interesting that they keep raising interest rates and things like that, and it really hasn't tanked gold? And all these comments from the Federal Reserve about how we're going to keep interest rates strong, in other words, to keep the dollar strong, all of these comments have not affected gold whatsoever. And the price of gold, as we point out, even though it's up hitting new records all the time, we've got all the central banks continue to accumulate it, even though it is hitting these record levels. The Federal Reserve Bank had a net loss on its balance sheets of $948 billion. The people that make the money actually lost money. And I know that escapes the irony.

I need to talk to Nancy Pelosi Pelosi figure out how she does it and one of the reasons why they're net losers and they have to be they have to go against gold didn't it and the horse is out of the barn you can't put this back and this is why we talked about last week and on where we hit a trillion dollars in debt in this country every 90 to 100 days now it's the wheels are off you talk about mike johnson or whatever his budget is uh you know pray tell mike what what war are you a wartime speaker of has this been announced it's it's not i know it's not been voted on by congress but this is how these people think it's unlimited there's a printing press we have it we're the world's

reserve currency you have janet yellen saying that there's $300 billion that we've seized of Russian assets around the world through the SWIFT system and other financial networks that we're holding. We've frozen, and that's part of the weaponization of the dollar. No wonder the world's moving away from the dollar. The rules are rigged against other countries. If you mess with the hegemonic dominance of the United States and our power we're going to punish you well I think bricks is the answer to that the bricks wants to move away they are moving away it's really it's it's insane to watch the food in real time and I don't think that the the

the financial network certainly don't get it the majority of Americans don't get it because we've always been our lifetime we've been the world's reserve currency you know the we we've been the world's reserve currency. We've had the semblance of stability in that currency unit. But I think that is rapidly disappearing. You can see how just in, look, gold was $1,800 an ounce in the last quarter of last year. Yeah, yeah. It's close to $2,400 an ounce.

And the price for premiums on physical gold or even higher so i i want to caution your audiences pay it pay attention to this i don't think this is this this has very little to do with the the actual markets like it's a hot market and there's things going the stocks are up or down this is really outside of that in my opinion i think i think that was interesting we saw last week you know we saw the stock market get affected by this we saw bitcoin get affected by but we didn't see gold get affected by it right that's the tell the bitcoin etfs and of course there's a having coming up uh here in a few days uh basically every four years the price of it cuts in half of what is uh rewarded for miners that's called a bitcoin having

there's a little price pullback before then but bitcoin etfs there's a lot of the outflows uh into those etfs have slowed everything slowed down the market slowed down across the board but gold kept climbing it kept going and staying steady right now i'm looking it's green across the board of gold and silver silver's finally starting to have uh its day i think and i know people have been following silver for years it's just so boring it doesn't move i think that's a good thing honestly it's kind of an inversion of actual value but there's uh i think there's going to be a deficit this year david talking about silver there's going to be a deficit of close to 200 million ounces wow and they've been running close they've been running deficits for years now of the actual above-ground stock versus

what gets put into the actual circulation and what is the demand for physical silver. We're seeing a disparity there. A lot of things happening. And again, it's not going to end well for those who control the dollar system. And I think that's going to affect us. And one of the ways that I'm preparing for it is to stay outside of that system, stay out as best as possible, have things that are without counterparty risk like gold and silver. Yeah, absolutely.

No matter what they do with interest rates, what I was saying earlier in the program, one of the guys with one of the big tea party organizations was saying look when obama came in in 2009 we had a 10 billion dollar deficit now it's 34 trillion i said so just think of it as these guys stealing your credit card you know and and you had ten dollars on your credit card now you get it back after obama trump and biden stole your credit card used it for several years, now they've run up a $34,000 bill on the credit card that you only had $10 on when they stole it. And that's what's going on. And that's the thing that swamps any of these manipulations that they're doing in terms of interest rates because there's so many other things that they're doing as well, like the sanctions,

that also mitigate against the dollar as well. It truly is amazing. And then when you look at inflation, Biden is out there saying, you know, they're handing subsidies to companies to try to get manufacturing here. He wants to go up significantly on tariffs for steel coming from China. He wants to triple them. Trump wants to do the same type of thing, but that's not really, they're not getting to the root cause of it.

Why is our steel more expensive? It's not just labor costs. Even more important than the labor costs are the energy costs. And they've shut down the last steel plant in the UK a couple of months ago because they can't compete with China. China gets cheap, dirty energy. We get virtually no energy. They call it clean, and we get incredibly expensive bills, and so we can't compete with them.

And it's really amazing to see somebody like Biden who says absolutely no respect for individual liberty, has no understanding or comprehension of free markets. He thinks that he can fix all this stuff that he can uh you know add um make our electricity our energy incredibly rare and expensive and then solve it by putting tariffs on china it's just crazy it absolutely is great and again you go back to this is a principle of economic nationalism we abandoned those principles decades and decades ago and really accelerating after World War Two. We opened up our markets to rebuild Japan, to rebuild Germany.

And, you know, thinking about the Chinese steel markets, which was fledgling in the 1990s. It was December 11th, 2001, when George W. Bush gave China most favored trading status and entered him into the WTO. And after that, we lost 55,000 factories and one in three manufacturing jobs. And of course, it didn't help. They got a lot of free steel from Rudolph Giuliani, giving all the World Trade Center steel to China, getting there as fast as possible after 9-11. So I'm sure that helped them get some steel back into their coffers.

That is a part of the program to de-industrialize the United States. And there'll be some political back and forth. And we can put a tariff up, which I think tariffs work. I mean, all four presidents on Mount Rushmore agreed on tariffs. All the figures on our paper currency from the $1 bill to the $ dollar bill all agreed on tariffs free trade uh really is mostly a fantasy uh because it if every nation on earth had economic parity then free trade would work but unfortunately what you do is you incentivize country or companies multinationals to leave their country of origin go somewhere else and export it and uh push it into that market because they don't want to have to deal with regulations and taxes and any sort of environmental concerns.

And it's like a Darwinian contest you throw these workers into. And our leaders, again, so-called leaders, I don't think they even understand what I just said. I mean, you talk about NAFTA, Ross Perot said it was going to be a giant sucking sound. Yeah, pretty much. And that's what it did. Millions and millions of jobs. You look at the profits of multinational corporations after NAFTA, it's up and to the right. And wages for average Americans is stagnant or down. And of course, when you add inflation to that, David, and loss of purchasing power of your dollar, we really are becoming a, uh, a nation where it's, it's, uh, you know,

a ruling class of have and have nots and, uh, the middle class is dissipating all that, all that by design though, you know, again, there's always going to be, uh, countries that compete with us, but why don't, why don't we compete here the answer is not necessarily uh going after one nation at all like and that's the thing is i thought that targeted tariffs really are kind of a more of an act of war than they are uh any sort of economic strategy i mean if you're just singling out one particular nation you know pat buchanan just if we're on the subject of tariffs and, you know, if you want to look at something that actually would work, if you put a 25% tariff across the board on all incoming manufacturing, just across the board,

anything manufacturing, 25% tariff across the board and eliminated the corporate income tax, the internal and corporate income tax, you would incentivize companies to move here, put their factories here, employ Americans, and that would be revenue neutral not that anybody cares about revenue anymore i don't even think that's studied that's right um but that's one that's one way you could do it i don't i don't think that targeting a certain country is the way to go and of course i don't think they think that's the way to go either this is a lot of posturing well it's been their uh their go-to uh weapon against us you know we look at the china price it's always been about piracy slave labor uh it's been about currency manipulation but now it's about and this is

the other thing people don't talk about the new china price the new china price since the paris climate accord has been their advantage in low-cost energy and that's going to be as big as these other things perhaps as big as them combined the fact that they have this big advantage and energy and so he's not going to do anything to address that instead what he's going to do by tripling tariffs on a particular product from a particular country what he's going to do is this kind of a virtue signaling, you know, like Newsom increasing the minimum wage for people who work at certain types of fast food restaurants, right? That's what they do.

And we know that that doesn't help anybody. You know, it's followed by layoffs, reduced hours, a lot of other things like that, and inflation. And so all this stuff is going to be followed by that as well. And so all these traditional things are back, and they're back, and they're coming back at us big time. You know, the embargoes on oil and the higher energy and all the rest of this stuff and all these other aspects of inflation that they've built in with the low interest rates and quantitative easing and printing of money and all that kind of stuff. But now there's other things that are out there. And that's, you know, that's also what bothers me. I'm looking at biometric terminals that are coming out with EU regulations.

They call it pay by face. And they want to get rid of cash. They also want to get rid of credit cards, everything. It's about you. You will be the thing that they track. You will be part of the Internet of Things. And so I'm looking, and I've been looking at gold for a long time. It's just this thing that is outside of their system, something that is physical, something that is decentralized,

that's not under their direct control. And to me, that is as important as is decentralized that's not under their direct control and to me that is as important as all these other economic issues that are starting to come home to roost as well i agree with that 100 for some reason that made me laugh at the biometrics and using your face that was uh there's a funny the show called eastbound and down he said this face used to cash checks he was like a disgraced former baseball player. He used to cash checks. And I think that that's going to be part of our future.

And again, it could be just all the controlled demolition to bring in the central bank digital currency. It really is an open question. Are these people that stupid? They have to have more sophisticated simulations that they're running, doing the math math trying to add up like when does when do we reach like a a you know a point of no return they have to have they have to have that somewhere in some underground think tank saying well when you when you hit this

number there has to be a number in which everything falls apart and they have to do some sort of reset and of course they use that language is a great reset. And I think more and more of the financial networks, you're starting to see chatter all over the place talking about a monetary reset. And when you talk, you mentioned getting outside of the system. David, this has nothing to do with investment anymore. Yeah, I talk to people all day long and I said, look, you know, there's people like Robert Kiyosaki, who I followed since my early 20s. He's calling for, he'll sometimes say it's $300,000 Bitcoin. But he's also saying, look, gold could crash to $1,200 an ounce and could crash because so much of this is fake.

How much of the paper, how much of it's tied to nothing? And we don't know. And so I think you're going gonna have to see a lot of this just come out into the wash and you know look back at the the first quarter of 2020 the gold went to like eleven hundred dollars an ounce twelve hundred dollars an ounce silver was like twelve thirteen dollars you couldn't get it for that but i am cautioning people i don't think this is some kind of like investment rally i think what you're watching is something a lot more sinister. It's something very deep.

It's much more deep than that. It's not about markets. It's about a complete change of the global order. That's right. That's what you're looking at. And so when people call me and say, what's going to go up? I don't know. I really don't know.

I don't know what's going to go up i don't know i really don't know i don't know what's going to go up i do know where the dollar's going no it's going to digital and it's going to lose whatever current status it has right now every day that passes there's more news that comes out that countries are moving away dumping the dollar again let's let's go back to this the federal reserve lost money the people that make the money lost almost a trillion dollars i mean this is insane so again you can't trust that system the mere fact that they can't i go over this again and again the mere fact that they can't do anything to affect the price of gold raising lowering hinting it doesn't matter it it's it's it's on its own now it's become organic it's outside of their control and you have to remember the dollar inherently since 1971

is at war with gold they've done they did a pretty good job by the way of covering that up for a long time they went after in my opinion it's my opinion they went after the hunt family in the in the early 1980s uh to make sure that nobody cornered the silver market again that exposes them because it's not that hard to corner the physical silver market i mean you could if you have a little if you're if you're an elon musk type or somebody even you know a billionaire you could corner the silver market it's not that hard they exposed that and so they shut that down because because it made the price of silver uh start really going up with 52 and 50 cents an ounce in 1980 so nobody did that and then gold you

know cratered in the 1980s because you had uh you know it was morning in america and you had art laugher and the laugher curve and they're going to stimulate the economy through deficit spending and all this other stuff and so it it looked like that era was over well until it's not and then you've spent too much you know again it's a trillion dollars every 100 days so in my opinion i think that entire system is is coming apart they're going to have to reset somehow their war with gold it's it's continuing i don't know what they're going to do about it but every time the gold goes up that you see you know this crate i wouldn't have predicted these prices six months ago i didn't say that i mean i thought we'd be in the 2000 uh maybe 2100 range but to

break into the 20 that's that's something 2400 is something that uh i don't think even some of the most bullish analysts were saying that we were going to be in here at this stage in 2024, David. So something else is afoot. I agree. Yeah. I also talked about the Tea Party organization guy earlier. We were talking about how it's out of control. And he's saying, you know, when you look at Trump, he looks at it like from the standpoint of a businessman.

He says, well, if you go bankrupt, you just declare bankruptcy and you start all over again. Well, you can't do that with the country uh so but he didn't address so what happens when the country is bankrupt what happens when uh we can't service the debt for example uh and um and what happens is they completely reset the financial system you know that's where he stopped he didn't talk about that and how they do that well they just you know completely wipe that out here's the next new thing how do they force people in it i've got an article i haven't covered here where somebody was talking about well maybe it's going to be through the food supply maybe it'll be through a um some kind of bird flu pandemic uh we got our because they're going to start registering all the backyard

chickens and anything else like that that people have in the uk beginning in september they're telling everybody we got this bird flu uh pandemic that's going on right now it's really serious and but you know in three months or six months i should say six months was when they said it in six months we're going to start registering all this stuff it's like well if it's serious why don't you do it now same type of iterative gradual control that we saw throughout the covid um a plandemic uh they're going to start doing that as well. And so they said, well, so what happens when they go in and they say, well, we've got to kill all the chickens and everything.

Now everybody's starving. That's going to be a very effective weapon to try to force people into their currency, right? I'll trade all this for food. And so when I look at gold or when I look at backyard chickens or when I look at solar that is off of their grid, you know, I don't like solar being used as an input into the grid. But I like it as a system that's off to the side that gives you independence from the grid. You know, you look at all those things and they can be very expensive and it's like well why would i bother to have chickens and i just go buy chickens or go buy eggs at the grocery store the same thing with the power why would i spend more money for a solar system than than this other

stuff was because you're preparing for what you think is going to come along and that's the real issue that's as we're saying here that's above and beyond all of these financial problems that are coming home to roost. And that is, you know, what this this control mechanism that I think they're going to try to get this done by 2029. I think it's all going to happen in the next presidential term, regardless of which one of these clowns gets a second term. Absolutely. Wasn't it like 180 different fires or planes flying into food distribution points? They had two different planes, maybe three. There's a lot of coincidences.

So many coincidences. So many coincidences. You have Kill Gates buying up all the farmland. I saw a meme the other day, and I thought it was great. I think it was depicting the revolutionary war maybe it was a boston era 1770s it had somebody getting tarred and feathered and it said that we need to make tax collectors birds again you reminded me of that thinking about the backyard backyard chickens uh you know they will do that i mean and i think the all the test models from covid 1984 were what will people will people comply um and we found that out all you have to do is give

them a give them a trump figure and say he's on your side he's playing 4d chess that'll neutralize the people that generally would stand up to it and you were so right this morning you'd be so angry if this was hillary clinton you'd be so angry if this was barack obama but you're not and that's the mind control here and that's why that think we live in a world where you just what you just said is is could become a reality where they start going after anybody who's producing on their own trying to get you under the guise of we have a we have a bird flu outbreak for our own food supply and we're in this together they're going after any semblance of independence and people would roll over i think that a large portion of them would and and again not everyone and there's a lot of people that are are more

awake but we're we're caught in an election year and it means nothing it means nothing in my opinion i'm not even i pay attention to it at politics anymore for the for sun sues maximum of know your enemy this is mind control it's psychological warfare that's why i pay attention to it um but no you're right david and continue we know our enemy our enemy has has made their plans clear they've even given us a rough time frame in which they want to do it time frame where they want to ban cars and ban other things and all the rest of this stuff but you know when you look at a situation like amos miller for example right a local or state government can make it worse or they can make it better so what we can do is and i think it is something people really need to think about

uh and that is to make sure that you've got things that are outside of their system, uh, food, energy, uh, uh, wealth and things like that, like gold or silver that is outside of their system. And then of course, make sure at the local level that you've got people who are not going to be worse than the criminals at the top. These people have taken over our government. Uh, but you, you've got people who are going to somewhat stand against that, even if they just passively don't comply. You know, if you've got people like that people like that and you've made some preparations,

that's kind of the best that you can do on a material, secular basis. Certainly having a connection with God is going to give you a foundation there that's going to take you through whatever comes. But from a secular, material perspective, I think the best you can do is prepare individually and then from the election standpoint if you can find any good candidates that are that you can support that's good and if you can't get out of that state i mean that's the only thing i tell people i do think that there will be more there'll be better and better candidates on local level

ballots i think so as we move forward it's an it'll be a natural progression because it takes a while I mean the things that we're talking about are years out from being in the consciousness of the average even conservative person that listens to talk radio we're not we're way ahead of that and again that they might catch up they might not but i think a good portion of them will i mean places like texas will have just because of the sheer fact that everything's being exposed you have people like greg abbott busing up illegal aliens to martha's vineyard for political stunts or taking them to sanctuary cities and ignoring his duty which is to secure

the border in which the state he governs and he he has the, he has the, the, the duty has the ability, has the power to do that. And he's tasked to do that. He does not do it. And that's, that's the Republican party in a nutshell, he'll do anything, but he'll put, he'll run any stunt. He'll try to score any points that he can. But I think that runs out. And again, when it becomes so bad, people just

have to, they have to figure out another way. There has to be some sort of valve for that. And there will be, there'll be better and better candidates, but it's going to take, unfortunately, the way things work, it has to get worse before it gets better. And so I think just right now is a good time to prepare for change. And one of the best ways you can do that is having backyard chickens. I love that idea. I've got backyard chickens, love chickens. They produce eggs, they have something. You know, looking at having precious metals, cryptocurrencies, anything that's outside of the system, cash, you know, having a little bit of cash on hand is always good. I mean, I know I'm in the precious metals business, but i think there's a multi-pronged way to just be in a better position for when things uh get a little bit more weird

as they will i believe yeah and you know it can be a little bit difficult to find good people but a lot of times um you know if it's somebody that's really good the eye of saran will find them and identify them for you as well you got somebody who just speaks up at a school board meeting you know the isr on focuses on them that tells you right there you know we know the politics is local and they know it as well and so you know they're going to focus you see somebody who really gets the eyeball of saran on them uh pay attention to that person and a lot of times those people will move on to um to run for office we got the guy who's running for a governor now in north carolina he was he got elected as lieutenant governor last time he's got no background in politics he's got nothing at

all on his resume that would get him to be lieutenant governor or governor except that he stood up and took these people on in a public forum over guns and over some other issues like that. And that made him a folk hero. And he's got just general good common sense, I think. So now he's running for governor. So sometimes, you know, they focus on somebody like that. And the next thing you know, they're a lieutenant governor. And the next thing you know, they're running for governor.

That type of thing can happen. And so, you know, people can focus on that. But tell us a little bit about what's going on with this crazy gold market. What's going on with Wise Wolf? A lot of exciting things going on. Well, I tell you what, if things get worse, I might just run again just for the fun of it, to follow one of these establishment guys around and make their brain melt. Just like having to face these issues.

Politicians don't like it when you actually know more than they do. And they don't like it when you actually know more than they do. Yeah. And they they don't like having to answer questions. But you know, what we're doing here and just coming off of I flew back from California, I was out on tinfoil hat, which was a lot of fun. And we promoted Wolfpack there and Sam Tripoli is is somebody we love to sponsor and they're spreading this around. So we're helping more people. We've grown the pack significantly.

We passed over a thousand members this last week, which I've been that was been my goal for so long. I could almost I just could get so close, but we wouldn't hit it. And we finally hit a thousand. So we have a thousand members across the country. As you mentioned, it's it's like most of the country. Now now, the states have no sales tax on gold and silver bullion and coins. And so that's great for us. Yeah, I talked about that yesterday. Forty-five states now have – the latest one was Kentucky, overrode the veto from Andy Beshear, this horrible Democrat governor, one of the worst.

He's almost up to the level of Whitmer, uh, during the pandemic. Uh, so he fought that, but they overrode that and there's only five left. And one of them is, is New Jersey.

I think they'll probably do something to help Bob Menendez with his gold bars there. So that might be a shoe in there as well. I've got a question for you from a listener. Uh, Michelle Obama, uh, asks about um

ask you if you can explain the nevada goldbacks who makes them and how do they work well there's there's nevada wyoming new hampshire utah these states respectively have a a gold back made by a mint there that the state approves of and these are 24 karat gold notes as a matter of fact i was looking at gold telegraph's uh twitter today and dubai has a new uh note from it's from the government it's a 24 karat note there's going to be other countries that do this it's approximately like 0.01 gram or something of in each note so if you take that note and you melt it you're going to get that amount of gold so you're walking around with with not just a you know like a gold bar but it's 24

karat gold spread over this gold i wish i could i should have had one on on hand i'd go get one and they don't have a dollar denomination on them because it's always changing right so it's just it'll be it'll be measured in yeah they haven't they have denominations but it's it's just a total. It'll be measured in. Yeah, they have denominations, but it's basically measured in how much gold is in there. So it goes from like one to five to tens. And so you'll have a little bit thicker note as it goes up. What Wolfpack does, what I did, David, is I just bought the one denominations, the singles, and I just spread it over the different states so that i get the all the different states with the one denominations and we put those in every single wolf pack so if it's even one denomination is that uh is it marked as one dollar is it marked as one you know some uh yeah it's

marked as like a dollar uh but that's not what it means it's it's kind of like how the uh the american silver eagles marked as a dollar. Yeah, exactly. Yeah. Or dimes or things like that. They have a nominal value. But it's not translatable. Again, you're going to be looking at what the conversion rate of that is.

And you can look at some of the online retailers like JM Bullion and others. They list them for like, I think they're in the mid $6.50 range if you buy them with a credit card or something like that. And we're under the five range for them when we put them in Wolfpack. And they're not cheap. They're not cheap and there's only a few places that you can get them. But I think there's going to be more and more of a future for them. It's not the best way to invest in gold, but it's a great way to have something outside of the system for trading, for bartering, for smaller items. As a matter of fact, I was going to tell you one of the things that I've been telling people right now is if you're able to get gold and hold it for the long term, one of the best things you can do is buy fractional gold, in my opinion. Because, again, we're looking at the gold price if you're able to get a tenth ounce gold coins uh that's about the size of a dime you can get tenth ounce gold coins right now

and hold them you've got a divisible because it's going to cost you around three hundred dollars you've got a divisible uh trading piece that you can use it's actually could be like this is a week's worth of groceries and it's in a dime size instead of being in a in a one ounce coin so if you can hold it for the long term and that's one of the great things about wolf pack is we save you a significant amount on items like that whether it's a 10 a 10th ounce and i say one tenth one tenth of an ounce bar or coin we usually start putting those in the in the wise wolves which is the 500 and up you start getting gold in the wise wolves, which is the 500 and up, uh, you start getting gold in the alpha, which is the two 50. That's the gram, uh, bars, but, uh, but some of the best ways to get fractional gold is through wolf pack right now. And I I'm, I'm doing the infomercial, but that's one of the best ways. Cause we buy them in bulk and then, uh, and then beat the

other online retailers significant. Yeah. So I think, you know, when we're talking about, uh, these, these um goldbacks and stuff you just kind of think of them like you would a kennedy half dollar that's not worth 50 cents anymore that's right i used to have a lot of those and if we go back to having something that's like a you know gold that's the size of a dime and buy a week's worth of groceries you go back to where it was when uh my parents were kids uh where they could actually get a week's worth somebody put up a meme the other day i wanted to correct them but i didn't have the heart but they it was uh it should have been they just got it wrong on what the bar was it should have been uh like 10

10 ounce bars of gold it says like 10 of these would have bought you a median priced home in the 1920s and then it shows in today's world says 10 of these will buy you a medium priced home in the 2000s and 24. Yes, because gold just held its value. It's the currency that was separated from that value and then used over and over again and printed into oblivion that's debased itself. And so yeah, if you just as a store of value, gold's just a good thing to have. Silver is a good thing to have silver's a good thing to have i think a silver because is so undervalued and we we hit a little bit on that today but um it's going to be like 200 million ounces deficit this year on above ground supplies versus demand i think we're gonna there's a lot of reckoning happening in the commodities markets and

uh we're we're trying to prepare for that. The prices are moving all over the place, but we're definitely meeting the challenge, I think, Dave. Well, that's great. And of course, you can find, you can get to Tony, go to davidknight.gold, and I'll take you to Wise Wolf Gold. Get in on the, he's now got over 1,000 people with Wolfpack, so you get in with that buying group, and that helps you to buy smaller quantities and get a better price on smaller quantities on the uh he's now got over a thousand people with wolfpack so you get in with that buying group and

that helps you uh to buy smaller quantities and get a better price on smaller quantities because you're part of the bigger group there and uh so but he can handle um gold or silver orders at any size so i've known tony for a long time i've seen articles this last week tony where they they say well key thing is you gotta now everybody's jumping into gold thing and everybody's paying attention to it. So there's going to be some scammers out there. Make sure you're dealing with somebody that has been around for a while that you know. That's the key thing. So thank you so much for what you do for us.

Thank you for your support. And you've got a program that's coming up after this program, don't you? Yes, sir. I'll be at 11 a.m. Central Time, Arterburn Radio Transmission, Rockfin. I'll be live on freeworld.fm and my Twitter. Come join me over there. The David Knight Show is a critical thinking

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