The David Knight Show - INTERVIEW: Gold, Back to the Future

Episode Date: November 2, 2023

History is rhyming, not repeating, but there's something very different, much more dangerous this time around. 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: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: 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.

all right joining us now is tony artaban of wise wolf gold and silver and of course you can get to tony's website directly or you can come through mine david knight dot gold that tony has set up to let him know that you came through us and tony as you're watching gold boy that's having its moment now isn't it but it's uh i don't think it's just a moment i think it's going to be a long longer term trend isn't it well it is and uh yeah this is this is going to be one of the biggest stories of of our time really the revaluation of all currencies i was uh looking at the the history of the price of gold and it's you know you go back to the 1940s when they established the uh the gold standard breton woods in 1944 and pegged the dollar as the world's reserve currency. It's $35 an ounce, and it stays that way until Nixon takes us off the gold standard in August of 1971.

It's $35 an ounce. And, of course, David, if you look at the 1970s, you have the Nixon shock, the inflation. People didn't really understand what was happening we had inflation but that really wasn't part of the american story that never really been part of uh of our economy before if you look at the 19th century the entire 19th century there is no inflation whatsoever so the end of the 1970s you have interest rates in the teens uh gold goes to 850 dollars an ounce in 1980. and we talk about silver all the time being 50 an ounce in 1980 which is crazy as you know because the purchasing price of the dollar has plummeted since then so we really don't know the true price of gold and all the experts and the

mainstream media teleprompter readers and the the financial networks, they've all been wrong. They've all said that gold was going to go back and be under $1,500 an ounce or less. That hasn't happened, even with the Fed raising rates. And of course, when you raise rates, the Federal Reserve, just like Paul Volcker did in the 1970s, is supposed to strengthen the dollar. In theory, that's true. But the de-dollarization is happening that's you know history uh doesn't repeat itself but it often rhymes and you know we talk about the 70s and you know opec and uh 1979 you had the iran hostage crisis 444 days a lot of that setting up setting

the stage for isn't amazing how history rhymes you know here we are it rhymes we looking at, we're looking at these oil embargoes and everything that Biden did and shutting down our domestic production. And he was our OPEC, you know, but it's the same type of thing, sending a shock through the system. And now we got hostages and we got Iran and we got all this other stuff back on the, back on the plate again. It's true. And you know, I study history. Uh, I'm not not an expert i'm a paratrooper who likes books uh but i go back and look at history and i think you know these things are are alike but we are in completely different times you can't really go by the past because you know you look at 1979 the iran hostage crisis like i said it lasted 444 days there was the old

embargo you had shortages um but we we live in a world now where there is no soviet union you know a lot of the the there was a cold peace really there was a cold war but there was a cold it was held together uh by this east-west conflict and of course the soviet union disappeared and broke into 16 pieces in 1991 and since then you know the the United States has gone around as the policemen of the world uh hegemonic dominance uh the the dollar is the world's reserve currency we have 40 sanctions on 36 different countries and then something called the CIA calls it blowback um I don't know why there's a scientific term for for you know your

behavior comes back on you. People don't like dealing with bullies. And so now we're looking at a, again, a de-dollarization situation where all these countries want to get away from us. They want to get away from the United States dominated economic system worldwide. And David, I'm concerned that a lot of people, you talked about it yesterday, your show was excellent yesterday talking about the warmongers in the Christian community that really need to step back and examine their behaviors and how they're looking at the world, how they're looking and using the United States military as an extension of their theology, which I think is so short-sighted. We're playing right into the hands of evil when we do that. And I don't think they really understand that this is language. When you have Hamas and Israel, this is about Iran. This is about the neocons. It's about the

Trotskyite neocons that control so much of our foreign policy. It's very Israel-centered, very Middle Eastern-centered. You have multinational corporations. Again, the energy industry plays a part in this, but this has almost nothing to do with terrorism. It has everything to do with the global chessboard. I don't understand it because i don't have the inside information but i can tell you know if you're if you don't have a sober look at this you're really going to get caught flat-footed uh with what's going to happen to the economy i'm looking at an article right now on market watch this is from two days ago oil could soar to record high of 150 dollars if israel hamas war escalates further, says the World Bank.

Yeah. Listen, when the – I've seen several people say that, say it could go up 50% or more. Yeah. Real quickly. Real quickly. And it's amazing. We're talking about Ken Hagee. You know, he's got this church meeting where he has the political ambassador from Israel there on the on the stage it's like so is this church

or is this politics you know and then he started he gets up and he goes on this rant about how we got to sink uh iran's ships and all this kind of stuff it's in the bible it's like yeah show me where that's in the bible show me show me chapter like you said yes show me chapter and verse this is something they turn so many young people off yes who were looking for an off-ramp to the chaos in our world today you go look at the hate that is on twitter that's on the social media the people that are ramped up there's a bloodlust out there yes it's it's playing to the worst parts of us and gosh david three or four weeks ago the right was anti-war.

We didn't like, we could see through the Ukraine debacle. You know, that was very much the left's war in Hollywood and Zelensky. And again, I called it a Goldilocks situation. Now you've got the right. They've got two wars. They've got us right where they want us. And this is going to lead to the, again, the reshuffling of the Grand Chess border of the globe. i'm i don't think

people understand what this really means this is language and we're left out of it it's a big club we ain't in it and i would really be looking for a way to protect your wealth and this is something i'm studying every day it's like how do you well just take a look at johnson speaker johnson he was against uh ukraine before he he became a member of the club. You know why he's in there? Because now he's for giving money to Ukraine. We've got to stop Putin. And Putin is part of the axis of evil.

And I said, well, maybe if we look at the axis of evil, maybe it is us. Maybe we're the ones that are starting wars everywhere and demanding that we get into wars everywhere. It's crazy. And as you point out, you've got a lot of people who are looking for an off-ramp to this insanity, looking for something that is based, some connection to God. And you've got so many of these preachers that are out there just preaching war and hate and reflecting this bloodlust that we see on both sides and ramping it up. I understand that's the human response to this kind of stuff. If you look at the pictures of what happened in Israel that Hamas did, it gets you really angry. It gets you sick, makes you want to throw up. And they use that. They've got journalists that they bring in. They

show them pictures of that. They showed it to um media and politicians in israel what was being live streamed on the internet as it was happening and they would go out in tears and and throwing up but you look at what is happening in gaza now in terms of the israeli bombing of civilians and it gets the same reaction and so this is polarizing everybody and uh it isn like both, like people look at both of these things and way to say, wait a minute, how do we get out of this escalating violence cycle of violence? I look at both of these things and I just say, let's stop this now. Uh, but instead they want to draw us into it as well.

They want to draw America into this as well. Well, it kind of goes back to the end of the 19th century had william randolph hearst who told his photographer or if his uh his artist sent him down to cuba said you give me the pictures i'll provide the war because he controlled so many of the newspapers a war happens every day and i'm a veteran of three foreign wars i mean you show me a lot of horrendous heinous evil things that people do yes it happens all over the world and it's not just one faction governments do it terrorist organizations do it criminals do it we must repudiate and stand against all evil all violence against innocent people that's where we ought to be right now but

instead we're caught up in these these i'm standing with so-and-so you don't understand how all of this works and i think that's where people really need to examine their hearts especially as christians in these times and you got people like you talked about robert jeffers yesterday this guy i mean you again if you don't know history then all this can seem like armageddon and the apocalypse we always have challenging times there's really nothing new under the sun except the history you don't know to quote harry this can seem like Armageddon and the apocalypse. We always have challenging times. There's really nothing new under the sun, except the history you don't know to quote Harry Truman. I mean, this is the human story.

There's always war and famine and upheaval and evil going on, but we have to stand against it. Don't get caught. Don't take part in the darkness to fight the darkness. And I think that's what we need to be communicating. That's right. Yeah. Don't become the monster you fight. Yeah.

It's amazing to me to see these people like Ken Hagee and Robert Jeffers and many others. And they'll pull out. Okay. So here's my chart. And they've got these detailed, complicated charts that they've created out of the book of Revelation. And yet they can't look at Jesus when he says, blessed are the peacemakers. You know, take your chart and make a big sign, go in front of your complicated eschatology

chart that says, blessed are the peacemakers. Okay. And throw that other one away because it's being used to deceive you or you're using it to deceive other people. Throw that other chart away and just go with the simple, straightforward stuff that you're going to be held responsible for. It just makes me disgusted to see what these people are doing. Prince of Peace. Yeah.

He's the Prince of Peace. Yeah. Do you follow Jesus or do you follow some megachurch pastor with a bloodlust? Yeah, that's right. There's a ton of them. And they want politics. They want a political connection. They know that's going to get big politicians on their podium. And it's going to get them big audiences and all the rest of the stuff

that's what has happened it's the joel austin effect but except joel austin is not he's just going for money he's not trying to kill people and start wars let's give joel a big hand because he's not as bad as ken haggie and these other guys that are out there not as bad but i i guarantee you if push comes to shove they're gonna agree to agree. They're going to stand, and they're going to, this current foreign policy, which is absolutely, and it's short-sighted. Well, and very short-sighted, because we don't want to lose track of the fact that what we're talking about as Christians is eternal. And so, you know, whatever happens between people now on earth, or between nations, or if we get caught in a war, or if we get killed by these policies, that's just a small part of the big picture.

The big picture which Joel Osteen is keeping people from seeing because of his greed and his love of money is that he's keeping people from seeing what is actually going to be the basis of their relationship with God, their salvation through Christ. Instead, it's like, you know, you can save money. You can give me your money and God's going to give it back to you in spades. And, you know, if that's what they're looking for, they've missed everything, missed everything. But yeah, it is. We do see the crimes against people. It's easier to see that than the crimes against God. And certainly these people are trying to, after they tried to push us into the jab and did push the jab with a lot of people, Now they're trying to push us into another war and kill more people. And that blood is going to be on their hands and they'll be responsible for that.

Well, God knows your heart. He knows what you, what you truly value. Yeah. If you, if you value, if you have a blood lust and you have a lust for power or lust for wealth or whatever, um, that's, that's gonna, that's gonna stay with you. I try, when I look at all these headlines and whatever I'm going to do in my life, I try to be for peace. I want to help people.

I want my life to stand for that because I've been on the other end as a warrior and took part in the Iraq War, which is an absolute criminal mistake, pushed on the Iraqi people. If you don't know the iraqi people if you look at what i mean if you if you don't know the cost of you know displacing millions of people and and and bombing people that are that are innocent and you see the looks on children's faces have you ever been in a situation where you've had to help those people that you're never going to be the same unless you have it though unless you have no soul wasn't it wasn't it worth it it was worth it yeah. It was worth it. Wasn't it? Wasn't it worth it? It was worth it. Yeah. Like Madeline Albright said, you killed a half a million kids.

It was worth it. What did you get out of it? It's always these smart set, like a McNamara. Yeah. Right. You get, you get, you get a Mac, you get a McNamara type that's, uh, you know, from the corporate America. And, uh, uh, again, they, they they have it all it's all on paper 50 000 troops to control iraq and then you know fast forward five years later you have congress

talking about the surge and putting half a million right donald rumsfeld's another magnum era type you know when he's not pushing aspartame uh to to be put into diet soda, he was pushing for another war in Iraq. So again, I think we need to step back. This is going to get even worse as we see the grand chessboard being reshuffled, David. Yeah, let's talk a little bit about monetary debasement, because that is right around the corner. QTR, French Finance, talking about that on Zero H zero hedge price of gold is hanging in there in spite of aggressive tightening campaign by the federal reserve,

which is what you keep saying. Uh, real interest rates have gone up quite a bit yet. Goal has not reacted the way it has in the past. This is a message here, a message that, uh, they can manipulate stuff,

but only to a certain amount, right? Uh, Tony, I mean, this is like the, you know, the analogy I think of is the uh you know

the wily coyote runs off the cliff and he just keeps running on thin air until at some point he realizes that there's nothing underneath him and uh that i think is the point that we're starting to approach here but they're going to weaponize this stuff against us and so i see it as not just the monetary aspects uh or you know what is going to happen to the price of gold. But this has a whole new dimension to it now. I think that is going to be a real big part of this. People are going to flee to something that is for real. But also, it's just the control aspect of that, which is so dangerous.

And we need to have something to defend ourselves against that type of thing. As one person said, gold is yesterday, uh, gold is, uh, for storing your wealth and silver is for exchanging in terms of, um, you know, using it like a currency once, uh, it really hits the fan. And I think it's going to, it's a question is, uh, how long? Well, you don't know. We have a cloward and piven currency, David. Yeah.

That's really what it comes down to. That's right. Uh, the, the very few will benefit in the crash of the dollar the the coming crash of the world's reserve currency of the dollar and again it won't it won't go from king dollar to nothing but it's going to go from king dollar to prince dollar to viceroy or something it's going to be it's not going to be as important and that's going to destroy the purchasing power maybe it'd be dowager queen or something it's a lot of queens up there it's going to affect it not just arc of all around the world and again there's something that lyndon johnson said uh he is famously said

he says power is where power goes the power is going away from the dollar and one of the ways you know Gerald cilente says this when all else fails they take you to war well that could be what this is all about you know if you want to try to save the dollar or try to save the standing United States you start drawing lines you make people make other nations and factions choose sides and of course it could be just all an event to to call uh you know certain things to do some creative destruction we don't know but i can promise you the dollar is on its way out it's not tomorrow it's not next week you start looking at where the purchasing price purchasing power diminish and again where are you going to be when that starts happening people are going to they

have normalcy bias they're looking at what happened happened, you know, five years ago, 10 years ago. That's important, but you're not really seeing the big picture, which is what you mentioned earlier. The Federal Reserve and Jerome Powell's raised rates faster than any time in history. Faster. I know it's been in the teens before under Volcker in the 70s, but it's faster than any time in history. He's raising rates and having more meetings and raising rates. And again, that's supposed to strengthen the dollar. So why isn't gold at $1,000?

You know, the first time gold ever hit $1,000, David, was in 2008. And in 2011, it hit $1,900, almost $2,000. Right at $2,000 in 2011. mean, right at 2000 and 2011. So you look at the progression of the price of gold. Really it's the story of the loss of purchasing power of the dollar, right? Into the 1970s, it's close to 700, $800 an ounce. Again, 2011, it goes to 2000. Ben Bernanke came out at the time, and this is just after TARP and the Great Recession, and he said, we bailed out these banks.

We won't do it again because he saw the rush and people going to gold, not trusting the monetary system. So he said, we wouldn't do that again. But I want to remind your audience that the total debt of the United States in 2010 was $10 trillion. It was $5 trillion in the year 2000 right tooth and it is 10 trillion so we're we're at 30 plus trillion and climbing with a hundred and was 140 percent of debt to gdp ratio some crazy number yeah and so yeah this is it's off the rails we're not going back to a nice you that ran like the Reagan era or the 1980s where it's just kind of smooth sailing or the 1990s or the dot-com era. All that's gone.

You're looking at a lot of uncertainty. There's going to be a lot of change in, again, the resources of the globe. That's why I'm looking at the price of energy and what this war in the Middle East is going to do. But you're absolutely right. People are moving to gold. So the big, again, just coming back to why is gold the price? Why did it break $2,000 last week? Because the rest of the world is moving away from the dollar.

Central banks are ordering gold at a record clip. People like Shanghai. I'll give you an example. The people in shanghai there's a different price for gold there now i can go on you can go to david knight.gold and you hit a couple links and you can find the price of gold or you can go to goldprice.org and check it out and it's in real time and i'm gonna promise you that there you you would think that's the global spot price and it used to be except for except for places like Shanghai where that price and then add $100, and I don't even know what the next premium set is.

So I can't give you the price of a gold coin. Here on my desk, I've got a one-ounce gold bar from the Australian Perth Mint. I don't know what that cost in Shanghai. I can tell you what it cost here, but we're starting to see the disparity between the West and the physical market and the and the paper market all of this is coming apart i would have people do your own research look at this look at these prices look at the disparity the reason is not only are governments seeking gold but people around the world are seeking gold even here in the united states yeah yeah that's true yeah i saw this article from uh the. It was published up on Bitcoin magazine. So it was about Bitcoin.

It was Mexican media magnate Ricardo Salinas, chairman of a big media company in Mexico, billionaire. And he says, buy Bitcoin and sell bonds to reject inflation. But of course, when I look at it as storing a wealth, and that's what he says, store your wealth in Bitcoin, that's what he had to say. But when you look at that, I keep looking at it and it's like, well, okay. I just don't understand it as well as he does. And maybe a lot of these people who think they understand it,

maybe they don't understand it as much as they would like as well. Cause it was a story that I had, um, last week about a guy who's a billionaire. I forget which one it was. And, uh, he had about a million dollars that was taken out of one of his wallets and he didn't even know it. Some guy knew it. Some guy knew that somebody stole this out of his wallet because he's looking. It was a big transaction, and he's looking at large transactions. And he was able to determine. He knew that it was this guy's wallet. So that's how public this stuff is.

And so I look at it, and it's like gold is simple. Gold is more private. And in the future, if you really want to have some kind of a gray market or a black market, I don't see Bitcoin really doing that because it's too visible. And then also you have people who seem like they know what's going on. You get tech billionaires and they're getting ripped off a million dollars at a time. That's the kind of stuff that concerns me. But I looked at this and I said, well, you know, this Mexican billionaire, he ought to look at becoming a billionaire, you know, getting some gold and, you know, keeping that.

And I imagine he probably does in this Bitcoin interview. He was talking about Bitcoin, but I imagine he's probably got a lot stored in gold and silver as well. Because, again, it's simpler. You can have a thief that can come in and take this physically, but it's a lot simpler to deal with. It's a lot more obvious to deal with than it is the cryptocurrencies, I think. There was an article up on Reuters that said, well, Bitcoin replaced gold with its $14 trillion market cap or whatever it is. No, it's not going to. And I like Bitcoin.

For the record, I had some of the first Bitcoin ATMs that were in this country. I like Bitcoin. I think it's great. I think it's part of this story because we're moving away. This is the era of fiat currency. People don't realize every currency on earth, for the most part, is by decree. It's fiat. There's a Latin term, fiat, by decree it's fiat the latin term you

know fiat by decree there is no value in those currencies unless there's going to be a big reset there um gold is part of that but gold and again that billionaire would have a hard time placing an order yeah if billionaires david if billionaires and very very wealthy people individuals and the countries are doing it's a little a little bit easier to move. I think China bought like 29 tons of gold in September, some crazy number. But if just billionaires and billionaires started buying physical gold and silver, there would be none. And it's barely available now, which would think you know economics would kick in eventually you know just this supply and demand would drive the number up it hasn't yet i believe

that it will i don't know when that day is going to come but i know last year there was a really big story there was a uh it was a woman from texas um i believe she's a billionaire went to go place an order she thought well i'll just get you know some pre-1965 uh you know current u.s currency the dimes quarters and half dollars and i think she got a bunch of ordered american eagles and it was it was millions and millions she had to go through six different exchanges and the wait time was about four or five months to have the order filled that was one order wow wow so if if it was across the board if if billionaires started to do that i mean peter thiel um a couple of years ago bought 50 million in gold they recently sold it palantir they recently sold it um but they had 50 million in gold bars and they they were kind of starting a trend i thought

i would see more of it. But still, the market is very alluring. You can, you know, millennials buy more gold than boomers or Gen X, except they buy it on paper. So there's still that way that people think they're buying gold. They can go get an ETF, and they say, well, I own gold. No, you don't. Because if you don't sell that ETF, they're not going to pay you in gold. They're going to cash you out in fiat currency. So really the physical is the market, but we haven't transitioned into that yet.

People don't realize because this is a very niche thing. Let me talk to you every week about supply. Most people don't hear that. They don't understand. You go to your local, people come into my shop and they think they're going to get x y and z they're going to get it right now that's not how this works and i tell them even if i drive down to dallas or i go to an exchange i'm the dealer they're going to tell me to wait right so then i remember you know i i had uh put that uh in my um my ira i had it in paper gold. And a few years ago when you started seeing some movement in the price of gold, it wasn't happening that much and moving in the same way or the same amount in the paper gold. I thought, what is going on with that? And there was a lot of articles at the time.

And it's like, oh, wait a minute. It's coming through the Shanghai Gold Exchange. And there's all these middlemen and there's all this, you know, perhaps manipulation of the market and um you know so uh that both gold and gld and slv you know gold and silver you can get etfs and what you're talking about with paper gold and paper silver uh and uh so yeah i mean it's uh of course you can do a metals uh ira as well and you can help people with that uh but uh that was a thing that real, I looked at, it's like,

Ooh, that's something that's going on here that I don't like. I don't like derivatives, uh, left derivatives became a really dirty word in 2008 to me. So I was like, I'm not interested in, uh, real estate derivatives and I'm not interested in derivatives on top of gold

or silver, but now you got Goldman Sachss doing derivatives on blockchain stuff. I mean, it's just, and derivatives on Bitcoin. To me, when I start seeing stuff like that as an indirect level, it looks to me like, you know, there's a scam right around the corner.

Well, what it comes down to is counterparty risk. If you hold something that that entity can create more of at will, you do not really truly hold an asset that i think that's fundamental you hold it like i've got here's a here's a one ounce gold american eagle this is one of david knight dot gold customer is is i'm going to be shipping this out to them soon i was going through some inventory this morning there's no counterparty risk in this you hold you buy it you hold it that's your gold coin

you buy a stock you're at risk for them to create more of them especially if you if you hold dollars um they're creating them right now i mean it's going to be worth less tomorrow um so it's something that people need to understand i mean gold, gold is money. Silver is money. Uh, everything else is debt. Yeah. It's not just credit anymore. Everything else is debt. That's right. Absolutely.

Well, tell us a little bit about what's going on right now at a wise Wolf goal. Well, always just keeping the supply chain open. Um, we're, we've got, we've got, we're busy. We've got customers. Uh, we've got two locations, Branson, Missouri and Denison, Texas. And, uh, those are both our physical locations, Branson, Missouri, and Denison, Texas. And those are both our physical locations. But you can purchase from us nationwide.

You go to davidknight.gold. We've also got the Wolfpack program, as low as $50 a month for individuals. We can even get you into the Wolf Cub, the Level Pup. This is funny. On my website, you go to get the uh on wolfpack.gold uh we got wolf cub 35 and that's for kids and you can do one-time purchases too the holidays are coming up we try to put some you know interesting coins in there smaller fractional stuff just to i mean a lot of kids come into the shop and just they're just interested in coins which i think is great um i think that's got to be very popular, right?

And very popular, yes. Very much so. Very much so. Yeah, so we've got a lot going on. I've got a great team. Somehow, you know, it's God's providence, and I'm just so thankful. I'm humbled. It started out with me and my chocolate Labrador in San Antonio,

and somehow I've got six people. I'm humbled. It started out with me and my chocolate Labrador in San Antonio. And somehow I've got six people. I got a whole family that works up here at the Branson shop. And I've got Kinsey closing deals and trades for me. She's really my head trader. And then I've got Denison. So we're really thankful. We've got a good team. Our mission is to keep the supply chain open, to fill orders, and to answer any questions you might have. And I would tell people, I've been where you are. If you don't have a lot of money, I understand. And that's why I started Wise Wolf, because I was interested in just getting coins a little bit at a time.

And I'd go into shops, David, and people would want to know how much I knew before they would tell me anything about the items that I wanted. I don't do that. I'll tell you everything I know about it. So we're really humble. We're glad that we get to sponsor and proud to sponsor your program. So go to DavidKnight.Gold. Thank you very much. And we really do appreciate your support. support and, and I'm happy to have you as, um, uh, somebody that, that we work with,

because I think that it is something that is important for people to have as part of, uh, you know, uh, value and preparation for what is to come. And, uh, so I, I strongly believe in it and, uh, have no problem recommending it and especially not, uh, any problem recommending you, Tony. So I really do appreciate it folks. So we're going to take a quick break and we'll be right back. Thank you, Tony. Appreciate it. Good talking to you. We'll be right back. Decoding the mainstream propaganda. It's the David Knight Show.