The David Knight Show - INTERVIEW: Gold Rush 2025 Empty Vaults & Chaos - The Great Repatriation and the End of Paper Money!

Episode Date: February 13, 2025

Tony Arterburn, DavidKnight.gold, joinsGold Prices Soaring as there's a noted disappearance of gold from various vaults around the world, with countries like China and Russia facing runaway demand, and even London markets showing signs of gold being reallocated or repatriated.Paper vs. Physical GoldPolitical Influence on GoldSilver Market Insights: a curious dynamic where institutions are buying up silver while retail investors are selling off their holdings, possibly due to economic pressures, which might not reflect true market demandPenny Cancelled: a harbinger towards a cashless society?If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: 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.

Happiness. We all know what it feels like, but sometimes it doesn't come easy. I'm Garvey Bailey, the host of Happy Enough, a new podcast from The Globe and Mail about our pursuit of happiness. We know people want to live more fulfilling and positive lives, but how do we actually do that? Is there a happiness code to crack? From our relationship with technology to whether money can really buy you happiness, we'll hear from both real people and experts to demystify this thing we're all searching for and hopefully find ways to be happy enough. You can find Happy Enough wherever you listen to podcasts. And now, Tony Arderman is joining us of Wise Wolf Gold.

And of course, you can get there through davidknight.gold. That'll let him know that you're coming through us. And it has been a whirlwind of events, hasn't it, Tony, over the last couple of weeks? It's been two weeks since we've talked to you. And it's amazing how much things have changed. I don't remember what the price of gold was when we talked two weeks ago, but it's been setting all-time highs all the time. Where is it today? Oh, let's check really quick. Spot price for gold, 2,914 luciferian bankster notes make a troy ounce of the yellow metal as of right now wow and of course it's the you know look at 13th of february 2025 look back and i think this will be seen as the era of cheap gold honestly david yeah we've seen this continues to break out and break all-time highs and i remind audience, there wasn't an all-time high between 2011 and 2020.

There was no all-time high. And we've broken the all-time high for gold against the dollar over 30-some-odd times in the last year alone. So this is a trend that's only going to continue. And I want to talk to you today about disappearing uh gold inventory around the world in different vaults uh the chinese the russians uh the the london markets uh that's being it's being re-evaluated and reallocated all over the world it's a really interesting one and you've talked about this for the longest time uh you said we you know we talked about the paper gold i read a long article earlier this week about silver and a guy recounted his his experiences um i forget what year it was but it

was um it was right after the uh the great recession and uh you know they said well we want to take some delivery of silver and what should have taken five days took us something like nine months or something right and he kept? And he talked about the different excuses that they made. They kept putting it off and everything. But we're seeing that. And I think it was after the last time I talked to you, you and I have been talking about for the longest time about paper gold and paper silver, the Shanghai Gold Exchange, and how, well, we don't really think all that stuff is there. It doesn't seem to move in sequence with gold. When gold makes big moves, it just kind of stays the same.

Sometimes it goes in a different direction. Something is weird going on here. And he said, yeah, I think we're going to find out that they don't have all this stuff. And when we find out, then that's really going to shake up the market. Well, then we had the London Metals Exchange. And, you know, they can't – a lot of stuff is being repatriated. Actually, you mentioned that two weeks ago, and you said, I'm going to break this news here,

what is happening in London, and I'm still not sure as to why so much stuff is being pulled back into New York. Has anybody come up with a motivation for that? Well, there's speculation that Trump may do another executive order overriding FDR and Nixon, returning us to some sort of gold standard. I don't believe that, by the way, but that there's a lot of rumors floating around because of the flurry of executive orders and some bold moves being made. You're going to have to do something radical to stabilize the dollar as the world continues to de-dollarize. So those things might be simulated on the table.

I don't know. But that has to do with tariffs, David. So we always knew that something would happen. Some event would trigger this exposure of paper gold versus physical gold in the bullion houses. And the West has been playing a dangerous game since the late 1970s, where I believe, and I've interviewed Stuart Angler, who wrote the book Rigged, I do believe that the powers that be in the central banks collude with the bullion houses to ensure that the price of gold does not continually expose the weakness in the dollar that's that's the that's the game behind all of this if you

you know you're talking about the story with uh the canadian buyer uh about silver you know after the the great recession and how that exposed what was wrong. And if you remember, silver and gold, that's when gold reached over $1,900 an ounce. This is 2011. And silver went up to close to its all-time high of around $50 an ounce. And that's when Ben Bernanke came out and said, oh, wait, wait, this is going to be calmed down. We won't do TARP again.

We won't do these kind of injections. There's going to be regulation. We're going to fix all this. And the markets down and that was that's that's a long time ago uh with you know that was uh i think the debt of the us around there was around 11 trillion um so it seems pretty quaint in those times we've long since crossed the the rubicon of massive uh you know quantitative easing and currency injection so So I think what's really being exposed here, David, I think at the end of the day is that the bullion houses are going to see a record number of orders being sent in to say, give me my gold, and they won't be able to make

it. So it's really the tariffs causing the repatriation of physical gold around the world and the uncertainty of that of that the tariffs being placed on on incoming products into the u.s all of this is creating chaos that that little bit of chaos and i was thinking of uh you call it a black aan. You could call it a black gone event. This is where you've got Donald Trump is going to inject this chaos. And this could be the trigger that brings in the entire revaluation of precious metals. Yeah, he is a chaos agent. And isn't it interesting that he has as his treasury secretary,

the guy that was leading the effort for soros to break the bank of england uh and so he's bringing him in his treasury secretary he's like uh you know hold on it's going to be a wild ride coming up in the next couple of years i tell you it's amazing how how quickly everything is is changing and um and and again he is there as an agent of chaos i'm absolutely certain that's why they installed him that's what it appears to be and i don't would we be watching this uh this price move if it had been a different outcome in the election i still think we'd be marching towards three thousand dollar an ounce gold no problem it's just that the reasons are different uh and it doesn't really

matter. The fundamentals of what causes the price spike in precious metals are all there. We definitely can't explain silver just yet. But I think those things are about to come to a head as well because of the above ground supply doesn't meet demand. if these uh the contracts for paper silver continue not to be fulfilled all bets are off you're no longer going to be able to see it's 32 and 23 cents an ounce right now for for silver that's so insanely cheap given the debasement of the dollar over the past 50 years it's insane again I remind people the all time high for silver was $52.50 an ounce in 1980 and 52.50 in 1980 is like $300 today in purchasing power. I mean, I don't know the metric, but it's off the charts. So, precious metals in the face

of currency debasement, especially with the dollar are still insanely cheap even with these all-time highs yeah yeah there was a listener who sent me a youtube video i mentioned it briefly i'd like to get your comments on it so guy's got a channel he calls it silver seeker maybe you're familiar with it i don't know but he was at a coin show and um and i don't know if it was strictly silver if they had other stuff there but you, you know, they're selling collectible coins, but they're also just selling regular rounds and things. And so this guy went to all these different dealers, and most of them would speak on record on the camera. But then there was another two or three that he said they didn't want to go on record, but this is what they told me. But they all said, I'm just not selling any silver. And he goes, everybody wants to sell it to me.

And they're coming in and cashing in stuff. And you go it's really strange the price of silver is going down the guy who sent it to me said yeah when when nobody wants something that's got value that's the time to accumulate it well what is your take on that is that what you're seeing at wise wolf yes it's absolutely bizarre um the prices are moving upward, but at the same time, the average consumer, the buyer that I normally have isn't there. And so I wonder, that doesn't support the economic theory of supply and demand, except for there is demand and it's institutional yeah so that's what you got to watch the reason like i've had made so many trips to the trading floor uh and it's been a wild ride the last 120 days i've never seen my business like this in the entire time i've been open people selling to me things i you know normally don't buy lots of which is like the larger

silver bars those are for people to keep long term like when people come to me and they say, well, I want to store silver long-term, I generally put them in larger bars. I'm like, well, just, you know, let's get as many ounces as you can for your dollar. If you're not going to be using it to trade or anything like that, people are selling me a lot of that kind of stuff. And the buyers that normally are there aren't there. Now we've had an uptick in the last couple of weeks. It's been great for individual buyers. But that is a very apt analysis of what's actually happening. I can call the big brokers.

I talk to them all the time, every single day. They see the same thing. So everybody's selling and the prices are declining. The prices are going up. And so I would tell people in the audience, if you're smart, you'll look and see, you know, again, look at the price and then see that that has a demand. Somebody's buying it. It's banks, folks. You know, I remind JP Morgan Chase is the largest holder of silver in the world.

They were convicted of suppressing the silver price. So wrap your head around that. Again, all of this is really about institutional central bank buying, whether it's silver or whether it's gold. I mean, Russia just put silver as a strategic reserve asset on the books. They're the first country to do that, really, since the Chinese were primarily the holders of silver in the 20th century, early 20th century. So this is an interesting time. I still think that the prices are insanely low. But when you see people not buying, and that's the problem right now with precious metals is people are selling like crazy, but somebody's buying it.

And that's what I would remind people. It's something you should look at. When the big banks and the institutions are buying, you should probably think about it. And I think some of this is going to be due to the fact that individual consumers are feeling the pressure of inflation, and that's why they're cashing in on this. Even though the price is low, you have to do it if you've got to cash in so that you can pay your taxes. That's one of the things he said. Some guy came in. I asked him, why are you doing this?

He says, well, I've got to pay taxes, and so I'm cashing in a bunch of silver to do that. But things are getting hard for individuals. And yet the big institutions, the big banks, they see the value that is there. And so they're profiting in other people's expenses. Absolutely. And I totally understand that. And that's why that's why my company exists. I'm happy to buy the product.

I wanted to buy everything. That's that's company exists. I'm happy to buy the product. I'll buy everything. That's not an issue. I just found it to be highly strange, the percentage of selling to buying that I've never seen before. That's what caught my attention. And you are correct. There's inflation. There's economic uncertainty.

Happiness. We all know what it feels like. But sometimes it doesn't come easy. I'm Garvey Bailey, the host of Happy Enough, a new podcast from The Globe and Mail about our pursuit of happiness. We know people want to live more fulfilling and positive lives, but how do we actually do that? Is there a happiness code to crack? From our relationship with technology to whether money can really buy you happiness, we'll hear from both real people and experts to demystify this thing we're all searching for and hopefully find ways to be happy enough. You can find Happy Enough wherever you

listen to podcasts. People are, you know, it's harder and harder to keep up with your bills when your dollar goes, you know, buys less and less, has less and less purchasing power. I totally understand that. And that's why we're here. And that's why, you know, I'm happy to help people out. So I wanted to add that. I mean, I'm not unhappy at buying that. I'm just, I think that people might miss out. And it's one of the reasons why we have Wolfpack starting, you know, at low, getting low entry level. If you can just set something aside to accumulate precious metals, you're still going to be ahead of the average person. Really this, you know, where we're headed with de-dollarization uh and the reset of the

financial system it's going to get really ugly for the average person unfortunately i agree yeah dougalug says i've got a wolf pack on way to me as we speak uh angry tiger what we're just saying he said uh people are selling their silver to make ends meet uh just like they're putting themselves in debt with credit cards yeah uh it's just you know a necessity because we were looking at how much things have gone up, eggs and all the rest of the stuff. And, of course, it's bird brain flu. It's not the USDA. It's the things that are being done to us. But when we were talking about gold, we got up to what was the high that it got up to?

Is it like 2960 or something like that earlier this week or somewhere around that area? Right. Right at that, David. I've looked into, you know, you have different markets, different spot prices will give you different readings. But around that, it was reaching reach rarely close to to three thousand dollars an ounce. And I don't think that's you know, this has been talked about, you know, Citibank was calling for $3,000 an ounce gold back in 2021. So I think this is probably long overdue. And if there wasn't paper markets, if there wasn't this sleight of hand, if there wasn't like, you know, I mentioned we're talking about silver earlier. It's estimated that for every 250 ounces of silver that's traded in the markets, only one exists in the in the real world.

It's about 250 to one. And nobody really knows what the gold ratio is for paper. But I think that really is going to you're going to see an exposure there. Like, I don't think they've planned on it. The one thing that I don't think they counted on was anything like tariffs in the modern, you know, Western liberal economies that we've all, you know, that we have to worship the god of free trade. By the way, it's a god that failed. And, you know, they have to continue to bow down to it. Now, all of a sudden, all those bets are off because of their failures and the political upheaval. It's a variable, and it's thrown a wrench into the system. So I think this could have a cascading effect in the short term, not to mention long term, but in the short term.

I think you'll see a run up to $3,000 an ounce gold. Silver will probably break out here very soon. Again, not investment advice, but silver will break out, I think, very, very soon. Something is going to happen that will be a trigger event. Maybe delivery is not made with nation states, large banks. Something will happen. And again, somebody is buying. So I wonder if they're running, they got to be running these simulations at some level saying, okay, well, if we accumulate here, we see the price fluctuations given, you know, two or three quarters down the road for a big reset. So that's, I would pay attention to that. And it was looking like Lala was getting a billion dollars all at once. And the media is pouring on the charm offensive and everything for her. Took a lot.

But so they were saying, well, we're going to have gold up around 3,000 the first quarter next year, right? This year, this quarter. And here we are in the middle of the quarter. And we kind of kissed 3,000 at 2960. year right this year this quarter and here we are in the middle of the quarter and we you know kind of kissed uh 3 000 at 29 60 and and then when trump won uh everybody okay good it's going to be great economic times now we don't have to worry about any of this stuff plus all the crypto thing crypto gets this massive boost because now he's going to flip the switch and they're going to go

in exactly the opposite direction instead of attacking crypto they're going to flip the switch and they're going to go in exactly the opposite direction. Instead of attacking crypto, they're going to boost it. And so, you know, I put that commercial together before Christmas, you know, like the Trump euphoria is there. Right. And but but as you and I were talking about, then nothing had fundamentally changed. And you've had BlackRock. He says, well, what we're doing, it doesn't really make any difference whether it's Lala or whether it's Trump. It isn't going to make any difference to what we're doing. The fundamentals didn't change, but it's amazing the group psychology that was based on the election. But now we're, here we are, back to where the fundamentals were going to take us all

along, and that is, you know, coming up to 3,000. And so as we look at this, and what is, the story in the past years has been the fact that central banks were buying gold and accumulating that a lot. Now the story is rapidly becoming, where is the gold? And who's got the gold? Who stole the gold? This headline here from Kitco, BRICS banks are bleeding gold bars. China andussia face runaway gold demand and then london can't find it you know and others i mean this is the story and this is i think a bigger story uh than you know the underlying fundamentals that are driving it uh you know they're driving inflation other things like that are driving people to gold and then people can't find the

gold because there's this fiction that you've been talking about well i'll add to that south korea suspended sales of bullion they're not part of bricks but this is international and in the the fundamentals all existed even after the trump election there was a lot of selling off. I love the commercial that you put together. There's a sale on silver and golds of Trump euphoria. People started selling off to get into the markets and things like crypto, which is good. I mean, there's going to be still a crypto revolution with the question mark hanging over it. I think that it could be great for everybody. However, the rest of the world still exists i would add that that's what's causing the spike in the price of gold fundamentally as you mentioned

the bricks banks that's an article that's up on kitco and it's i read that this morning you know russia and china but when you read into that that article david you know what it's mentioning is that the people they're selling it to the people of those countries. That's why they're running down on inventory because everyday people and institutions. And then, of course, the Chinese just recently made it legal for the insurance companies to hold gold on their balance sheet at about 1%. These are massive moves. And when you take something like gold and physical gold and realize that it's not as plentiful as you would believe looking at all the stuff like GLD or SLV with the paper markets and the ETFs and all the exchange traded stuff. When that is exposed, it's actually a precious metal. It's harder to find and it's being accumulated more and more by big institutions. There's going to be a precious metal. It's harder to find, and it's being accumulated more and more by big

institutions. There's going to be a supply shock. It's much like Bitcoin that's going on with the ETFs, but even more so because the people, and gold's been a part of the human story since the beginning of time, and it always will be. So I think more and more you're going to see a re-evaluation of prices, and it has to do with the demand for physical gold that's going to be the new thing it won't be that it's a trust factor yes and i think trust around the world is diminished uh you know this this is and you talk about a fourth turning and what happens at the the culmination of a fourth turning it's a destruction destruction of previous institutions and their power or what power sway they had. And so that trust is waning right now, will be replaced by

something else. As a matter of fact, I called it a few months ago, I think I was on tinfoil hat, and I said, look, I'm going to go ahead and say that the dollar has already lost the world's reserve currency status. Gold is the world's reserve currency. Again, it's just not yet. It's just on paper. You're still seeing that the dollar is the number one held asset by central banks. Gold is the number two. It supplanted the euro last year or so. Well, I just read an article and uh other analysts are saying the exact same thing they're like well the gold has already supplanted the dollar it's just a matter of time and trading and other things and balance sheet recognition of that so we're already in an era of gold absolutely and this is just you know the the all-time high of dollar against gold

the train has left the station you're not going to people if you're waiting on the fence saying well i'll just wait till we get back down to two thousand dollar an ounce gold which you know what was the price of gold when i started talking to you david let's see go but you know we should look that up it was probably uh november of 2019 was the first time I think I ever came on your show. I believe the price of gold was about $1,300 an ounce, $1,400 an ounce, something like that. I'll look it up. But it wasn't $2,920. I want to go back to what you said about South Korea.

You said they stopped the sale of gold. Exactly what did they do? Did they stop the private sales of it, or did they stop the central bank from getting rid of it? I mean, the central bank's probably not trying to get rid It might be just with their exchange, stop the sale of bullion bars, of physical gold bars. Is it like a temporary thing? Like, you know, they put stop trade. If something starts really falling or rising really quickly, the stock market might. I think that's the reason why. Wow. really quickly the stock market might i think that's the reason why because uh if you if you if you see a run on something and then all there's a supply shock and the price will far exceed you know all the things that are in paper see that's another thing is these prices are going to start

putting so much pressure on the paper gold i think it's all going to come unraveled and especially when things aren't you can't take they won't send delivery and they keep making excuses. There's going to be a flurry. And then that is going to cause, I think gold always comes in when there's fear and mistrust and other things. It's a compounding snowball effect. And I don't think it's going to get better. No, no. And, you know, so, you know china had stopped uh accumulating gold with the central bank for about six months and now they're back in it but as you pointed out and i mentioned it a couple days ago they're now pushing insurance companies to get it and not only allowing them to get it but pushing them to start to hold gold because i guess they're you know you need some

insurance for the insurance companies to be able to pay this stuff off. So it truly is amazing. I got a couple of comments here. Dougalug said 2008 gold was $700. Yeah. Milliton Malenkovich says, from my experience in working in the tech industry, silver is used in a lot of things, from optics to chip making. That's right. And that's part of it, though, that it is an industrial, heavily used industrious metal. And if we have a recession where things start going down, that's the other component that comes into the silver market, right?

Because it is so heavily used in manufacturing. If people aren't manufacturing stuff, that's going to cut down some of the use, right? Well, that and I would point people to a phenomenon called urban gold mining that will be going on. When we hit $3,000 an ounce gold, David, there will be so many people looking for gold in their own backyards and to garage sales. Karen just had a tooth pulled that had gold on it. I buy teeth all the time. Well, we will send that to you. It was not voluntary.

It was a great deal of pain to have that thing taken out. I have people send me teeth all the time. They're like, what's that worth? Usually, it's 14 to a carrot or so. You've got to account for it. A lot of times, there's enamel and other things in it for the weight. But usually, I buy teeth all the time. The dentist has sold me teeth.

It's an adventure in the gold and silver business. One of the first times somebody sold me teeth in San Antonio, I just opened my shop and they just dumped this bag. And it still had teeth on it. I was like, wow, that's crazy. So when you're down in the mouth, you can always sell that gold that's on your teeth, I guess. Well, yeah. And it's universal, you know, electronics, medicine, you name it, jewelry. It's just such a part of our story.

I was asked the other day, like, what is money? And I said, well, money is something that holds intrinsic value outside of any economic system. It has to be scarce. It has to be measurable. And it has to hold value in the face of everything, even an economic collapse. And to me, that's what gold and silver are. They still are used in things way beyond monetary uses. So that's why the dollar or the fiat currency,

aside from being truly evil, has no value. It's fake. You know, it's a funhouse mirror version of what actual money is. And I think that experiment, since 1971, is coming to an end. I mean, it's not tomorrow, but that's why they call it a great reset. That's why every time I talk about this, it's like the super elite, the Davos set, they know this.

And Bloomberg said it best. You mention this all the time. We have to give people something, do something so they don't come after us with guillotines. Well, yeah, that's what they're doing something. They got to figure out something to reset the system without getting guillotines. Well, yeah, that's what they're doing something. They got to figure out something to reset the system without getting guillotine. And that's what I think they're looking at doing. It's either return to gold or revaluation of currencies. And that's what BRICS

has, I think, been doing this whole time is just accumulating things like gold for a currency reset. I agree. I agree. Yeah, Angry Tiger talking about hard times. So a friend of mine is a business owner and has been hoarding silver for years. He's been selling it off lately to keep his business afloat. We're getting into some hard times. Wes Robertson said central banks have been buying gold around the world and will continue to manipulate the prices.

And that's silver and gold that's part of it the etf stuff is is part of it but again you know when that etf scam uh blows it's going to blow big uh you've been talking about that for a long time guard goldsmith gets the guard says i'm curious to see what tony and david think about the silver use when the solar etc gets cut back what do you think about? Do you think we're going to have any solar cut back, or are they going to continue pouring money down that hole? Because it's a big, big user of silver. I think that just worldwide demand, and solar may have a huge fallback.

We may see that, and that's probably more likely than not. But you still have the massive amount of demand for EVs and battery technology and other things that silver in no way, shape, or form is valued correctly. As I mention all the time, you've got 200 million ounces of deficit at minimum every single year year so they have to take from the above ground supply it's only increasing even with uh you know if they're not going to do the the green new deal or green new steel or whatever they're doing it's still it's still worldwide demand continues to rise uh for for silver which is really an industrial metal um way beyond being a monetary metal but also things like like breakthroughs in medicine

with silver in our current climate, I think are continuing to rise. Demand for that is way, way up. The antibacterial, antimicrobial stuff that's usually resistant to those diseases like MRSA and other things that silver just takes care of. I mean, it's continued to be used and manufactured for that reason. So I think I just see demand. Yeah, if Pam Bondi can get Letitia James back in her cage, we could start having silver again.

She came after Alex and she came after Jim Baker, I think. And those are perfectly legitimate things. I mean, they use silver for burn units and things like that. But, boy, she's going to put you in jail. I mean, what a criminal she is. So it's good to see her getting some of her comeuppance, even if it's just going to be revenge, not real reform. But you talked earlier.

What is money, right? So let me get your thoughts on pennies what happened this week i'm the only person that i've seen out there that is looking at this in a skeptical way i mean john stossel always said yeah i hate pennies they're a nuisance and we ought to get rid of them and i'm glad that trump did it and all the rest of this stuff and i'm looking at it thinking i don't know is this the beginning of saying we it's too expensive and we don't want to be bothered with uh making physical money uh or you know fiat physical fiat because that's what

it is it's not it's just a plug nickel and plug penny and all the rest of what's what you're thinking on this well it's sad let's start with that that's the first thing i think of when you when you depart from exactitude. That's another thing. That's a philosophy in the penny. The penny is I'm getting exact change. You know, the movie Office Space, he talks about stealing the pennies on the transactions. That's how he gets rich, right? And it's like you take the penny, like the fraction of a penny, and he uses the analogy

of the trays and the penny tray at the 7-Eleven or something, you know, and I've always thought about that. So you're also departing the philosophy of exact change or exactitude, which is dangerous. It's like somebody's getting something for that. It's like when you go into a retailer now and they always turn the screen around and you have to look at the clerk and because they can't pay them enough, you have to tip them every time. Something like that with the loss of the penny it's going somewhere but i would remind people that since 1982 the penny's not made with copper no in 1982 and back it's kind of like the silver is 1964 and back the 1982 and back pennies are copper now if you go and look and see what's that penny worth just in

copper uh you can see that every website will tell you don't melt them it's illegal to melt them don't melt your pennies you know uh but there's copper in there and they do that because it would start exposing what's wrong with the money you know when you can melt something and it's more valuable than the face uh value of that coin there's something wrong with your economy it's like you know a silver quarter right now is like seven dollars it's like you know it's something crazy or not you know it's it you know you add that up and you face value out to like twenty eight dollars face for four quarters or ten dimes or two half dollars that are silver um so there's something wrong

uh when you have an economy where you can't even make a penny uh i saw what it was it something the other day it was uh we're penniless we're penniless is what we're we're worth you know uh you could buy fake pennies and they were they were worth more than the actual pennies or something like that. That's always been a joke running around the internet. You know, I think that's sad. But really what it is, it's the beginning of the cashless society that I think they would like to go to. You know, it starts with the penny, you know, and that's really sad. The penny's been a big part of our

history um and and you you know a lot of pennies are worth a lot of money i mean you can collectibles especially the 1943 copper penny yeah um that was uh there was accidental copper pennies made in 1943 they were supposed to be steel because of world war ii and somebody uh accidentally put sheets of copper into the uh mint and so if you if you find a penny that says 1943 on it and it's copper, you better go see a coin dealer. Yeah, pinch those pennies. Well, you know, that's the thing is what you just said about the face value versus the intrinsic value of it. That was the dog that didn't bark in all these different analyses. You know, I'm looking at John's tassel and it it's like look at how much it costs to make these things and that's what everybody was taking that

same angle which was the angle that was put out by trump and by musk look at how how frugal we are and how responsible we are because it takes two or or three or four cents to make a penny so we're going to just stop that it's like that doesn't make any sense at all over and over again as you just gave us for the history of the penny, we've seen them debase it. You know, let's use even a cheaper metal or this or that. They'd always do something like that. And, of course, they're debasing the currency with inflation. Just the figures here for what happened in just the last year.

In 2024, you know, from 2023 to 2024, the price of a penny went up by 20%. The price of a nickel went up by 19.4%. The dime went up by 8.7%, and the quarter went up by 26%. And so only the dime is, I believe, it doesn't say it in this article, but I think I saw it in another one that only the dime was ahead of the actual. They could make it for less than what the face value was. But of course, you're not going to just use these things once. That's the other part of it. But the real issue is the inflation. Why is the cost going up in just one year?

Twenty percent. I mean, it's not like an egg, but we and we know what they're doing with the chickens. But the it is. That's the untold story that nobody wanted to talk about the inflation the debasement and then why would you not since they've debased the currency so many times why wouldn't you just go to some other plug metal and make it from that and and keep it there uh but um to me that's that's the real issue. And of course, the value, the fact that a lot of these people said,

well, I think a penny is just a nuisance to have to keep these things around. Well, that's also an issue of inflation, but nobody really wanted to talk about the inflation. I thought that was really strange. Well, it's a tell. Yeah. You know, when something continues to rise in cost against the face value of the coin you want to make,

that's the true exposure to the failure of the fiat system. That's right. The loss of purchasing power in your currency. It's like, well, it costs us more and more to make this. Well, does it? Is the actual base material that you're buying year over year, does it really cost that much more? Or is it your currency that's losing

value and that's what they don't want to talk about somebody always figures it out like wait a minute that this uh this costs the same you know as far as if you look at the you know uh into dollar index it costs the same but something's wrong with the dollar it's just like we see uh the headlines uh on some of these precious metal sites like well gold stalls on inflation data and then you're thinking okay well i'm going to read into this and see that uh you know the inflation data came out and it was uh is it was you know in reverse or something no it people were surprised that that inflation was up after we just did quantitative easing and rate cut.

And I want you just increase the money supply. That's what that was, you know, before the election with Jerome Powell and lowering interest rates, it increased the money supply. That's what it does. That's liquidity. That's what the very definition of that is. And so that,

that, I know it's surprising, David, but it didn't, it caused inflation apparently and so everybody's really surprised that there's inflation with an increase in the money supply so i don't know it you know you and i can pretty much easily see this it's like we have the glasses from they live you know we just put the glasses on like well i see what you're doing here it's pretty easy

to see i mean i don't have to be i i'm not the i don't i'm not an expert in any capacity i'm just a paratrooper who likes books but i look and i see there's something wrong you know when uh we're just against the purchasing price of the the fiat currency that's what the issue is and it makes me suspicious when um you know you see that uh musk has got all the books now of the treasury department all the rest of the stuff that he's getting into. But, you know, when Trump takes away even – I compared it to the bump stock. You know, the bump stock in and of itself was not important. What was important was a precedent of doing gun control by executive order, and that was seized upon.

And this will be seized upon by other people and repeated. Well, it cost us 11 cents to make a nickel. So let's get rid of the nickels next. That's the path that they're going. And while all this is happening, the guy who bought him, Elon Musk, is trying to set up X money. And he's doing a deal with Visa. And he wants to make X the everything platform. He's got a digital wallet that he wants

out there so he's making big moves and all the people around him lucky lutnik and all the rest of them making big moves into digital money into crypto stuff while trump gets rid of the most you know and everybody cheers oh yeah we don't want that penny it reminds me of what i saw with the nra about the bump stock it's like yeah we're not going to fight about that you know the next thing you know you got a got a pistol brace ban. And then it's something else, right? And so it's that precedent that, to me, matters. And, you know, Tony, I don't know what – I'd like your thoughts on this.

We talk about the petrodollar all the time, right? Where we had the U.S. dollar connected to energy. And, of course, the technocracy has said back in the 1930s, they were saying, we don't want to deal with currencies. We don't want to deal with banks. We don't want to deal with markets. We want to deal with energy. And we're going to price everything in energy. And in a sense, the petrodollar was kind of a nod in that direction. But when you look at CBDC, or if we go with some de facto digital money that

is put out there by Musk or by some of these other technocrats, they're looking at tying it into energy usage. That's one of the key reasons that they want to go to this surveillance currency. And they all support things like carbon taxes and carbon credits and everything. So that, I mean, is that going to be the kind of the digital petrodollar, combining it with carbon credits and carbon taxes and tracking, eventually tracking what people use? What do you think? I think that would be the logical conclusion of the technocracy. As a matter of fact, I talked about this yesterday on a show uh if you look at the the manual that was found in an ibm copier in 1986 in an estate sale silent weapons for quiet wars whether it's a real technical manual for the elite on human enslavement or you know whether it's some sort of uh copy or something it's

interesting that's a true story by the way they just somebody found a copy of that and it wound up in bill cooper's book behold a pale horse But if you read the opening chapter, it is a an esoteric breakdown of money as energy itself to keep people on the hamster wheel so that they can never actually fight back. They're so busy paying bills and so busy trying to exchanging your energy. And it's more of a it's more of a a way to look at you know people as cogs in a machine but the energy you know again there will be energy shortages all the rest of that time you know tying currency to energy i think it'd be a perfect way uh to continue to control you and of course you could sell it as well we're going to back it by what powers us well that's interesting you know interesting. There's a lot of

open questions above what they're going to do next on CBDC. I still have my eye on that ball, by the way. I never took it off. I don't believe any of this. That's right. Yeah, they're just going to rebrand it and bring it back in a different way. It'll be kind of a public private partnership rather than Biden you know biden coming at you and you know right in your face wearing his uniform and his flag they're going to do it as a fifth column yes yes and that's you can't take your eye off that ball and that's that's been their goal all along and you start it starts with the penny yeah starts with it starts with getting rid of physical currency and not that you know we always talk about fiat currency, but what's it cost to make a dollar, Dave?

What's it cost to make? It's a special type of paper, by the way. What's it cost to make a dollar? And it's a much bigger spread for the paper currency. However, paper currency doesn't last as long as these coins do, right? And nobody's talking about that. Nobody's done it. All these people, oh, yeah, well, it costs this much and that much, and we print this many of them, and we spend this much

every year. But nobody talks about how long does a coin last in circulation? I mean, we still got coins that are taken out because they become more valuable as collector's items. But other than that, we've got coins in circulation that have been around for many decades, you know? Well, in the crypto world, they call it burning so like if you have a certain amount of coins that reach into circulation you can through your program you can just burn those coins if they're not being used or if they're on like old wallets that doesn't happen in bitcoin but it can happen in in the cryptocurrency world well i mean that's a thought experiment what if you uh you have 80 of all the hundred dollar bills ever made are not in

the continental united states they're outside and floating around in the world circulating as the world's reserve currency do you want to burn that currency just metaphorically you know uh without having to if you don't want those dollars repatriated you just say well we don't this doesn't exist anymore you just start taking out physical fiat currency, which, you know, I'm not for a cashless society, by the way. I think cash is important. You know, physical money, you know, physical currency rather is very important for freedom and privacy and other things that we need. I mean, you know, I want it backed by something at some level. I'd like it to be real, but, you know but I don't want it to be completely gone either.

So something to think about there. Oh, yeah. Yeah, I think the penny is a thin end of the wedge, quite frankly, going into a cashless society. And as I said, I always said Trump made no sense, but now he's literally made that true. But it makes perfectly good sense if you look at what their ultimate goal is to get rid of physical money i think jason barker says i've been saving all my old electronics to do gold recovery you're going to do some urban mining there i guess he said might be economical to do it now i never wanted to mess with the chemicals but it might

be worth it now yeah be careful of those chemicals be very careful that atomic dog said my wife's gold tooth was worth about 200 paid for about a third of the new crown well there you go that's the i guess there's always a silver lining or at least a gold lining the gold lining yeah some of these problems uh so tell us what's going on with uh your gold to bitcoin and vice versa now how how's that uh working out anything new with that we we actually have some new stuff going on with Wolfpack. You can get there at DavidKnight.Gold. But I added two new products in the last 10 days or so.

Constitutional Wolf is now a tier that you can get. It's all about night. We have big reserves of 90% U.S. silver coinage. And I've got a discount rate there. We've got a $250 and a $500 package you get one time. But we pick those out for you, give you a detailed invoice, and can save you considerable. And, of course, the variety, too. And we don't go, by the way, I don't just sift through all of those coins so you might

get some collectibles in there i'm not saying that you will uh but there's i do mine by the bag full from i don't have the time or the resources to go through it so you might just get a winner in there where i go that's worth way more great go turn it in and make something um happy for you uh so constitutional wolf is on there and i just just added, this is brand new, but there's a tier on there. You can't do a membership with it because the price fluctuates so much, but I'm selling one gram gold bars. People have asked me, how do I just, I want just some gold. You can get one gram gold bars from me, free shipping, no credit card fees no fees whatsoever uh it's on there right now on davidknight.gold on the wolfpack site and you can buy as many as you want uh but it's but one if you

just want one again free shipping no fees uh and we're going to be able to save you a considerable amount just if you went and bought that somewhere else over the shipping and over the fees uh because what we do is we buy these valcambi big sheets you know hundreds and we have my crew you know they break each piece off and then we put it into a coin flip so you're actually saving on you know getting a a a gram bar of gold that you would have paid retail online so we added that as well that's just to make it to where people who want to get into gold and have some physical gold, but can't afford some of the upper, the tiers that we have. So I added that. And of course the Bitcoin, we're just rolling along. If you want to buy Bitcoin, go to davidknight.gold. We haven't added the buy Bitcoin tab yet. I'm still waiting for my website

to be published. We've got some stuff working, but I'm'm open so if you want to buy buy or sell bitcoin you can go through me and again any to anything you want to do with precious metals uh through any of my stuff whether it's wolfpack or a direct sale we charge no fee for using bitcoins and we see it just as cash well i gotta say i've had had some listeners who have donated to me through Wolfpack and through that. And it is interesting to see the different forms of gold. You know, you're talking about breaking off the things and getting little chiclets and stuff like that, as well as the gold paper notes that have gold interwoven in them that comes out of Utah or something like that. It really is interesting to see the many different ways that people can subdivide the gold. And I think we're going to see a lot more of that as we move on, because I think we're at a point now where, you know, Trump is there to create chaos.

And this is happening at the tail end of the fourth turning, where, as we've been saying, everybody's losing or has lost trust in the institutions. That's what Tulsi Gabbard is supposed to do. Tulsi Gabbard is there to restore our trust in the intelligence agencies and national security. And it's like, it's going to take more than Tulsi to make me trust those people. I would never trust them with anything. But it's always great talking to you, Tony.

Thank you so much. And thank you for your support.'s always great talking to you tony thank you so much and thank you for your support and um always great and and you've got a program that's coming up immediately following this one today tell people a little bit about that radio transmission my once a week uh transmit i wasn't able to do it last week because i was uh i was traveling so uh yeah going to uh rock fin on the america unplugged channel or my my Twitter at Tony Arterburn. We'll be live here at 11 a.m. Central Time. That's great. Yeah. Or noon Eastern Time, as they say.

It's noon Eastern. That's right. Well, thank you so much, Tony. Always great to talk to you. It's been very interesting. And we are living in interesting times, aren't we? A lot of crises are going to be coming one after the other. That's right, boys and girls.

There's a post-election sale on silver and gold. Trump euphoria has caused a dip in silver and gold. It's time to buy some metals with fiat dollars before they come to their sense. Go to DavidKnight.gold to get in touch with the wise wolf himself, Tony Arterburn. He knows where to look to find silver and gold. Silver and gold. Yahoo! York!

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