The David Knight Show - INTERVIEW Physical vs "Paper" Gold - Why the Disparity?

Episode Date: April 6, 2023

Tony Arterburn, WiseWolf.gold As gold takes off, why is there a waiting list for physical gold, but NOT for paper gold? What is happening to silver right now? The Pentagon's war gamed a scenario whe...re Gen Z had a bitcoin revolt against the dollar.Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here:SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation through Mail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

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Starting point is 00:00:25 NoviBet. More power to you. T's and C's apply. 18 plus. Bet responsibly. Gamblingcare.ie. Joining us now is Tony Ardaban, wisewolf.gold. And he has kindly set up davidknight.gold to take you there as a listener. So he knows that you came from me. But it's been a really busy couple of weeks for Tony. And the gold market's kind of going crazy. We've for Tony and, uh, it's, uh, the gold market's kind of going crazy.
Starting point is 00:00:46 We've gone north of $2,000 an ounce. Are we still there today? Yes. Still over 2000 an ounce. Wow. It's good to see you, David. Thanks for having me on. Well, thanks for coming on.
Starting point is 00:00:56 It's always great talking to you. And of course we've been warning people about this for the longest time is now unfortunately becoming a reality. You know, I was just talking about how only two Hummers sold. They don't even talk about the price of them now. But the new average price of new cars, this is the hill talking about it. So they've now become luxury items. If you look at the average monthly car payment,
Starting point is 00:01:16 a five-year loan is now $723 a month in March. I mean, that's crazy. But that's something that's been going on for a long time. And, of course, there's other things happening in the automobile industry where the the government is artificially trying to boost the price but they're trying to do that to all of the necessities in our life you know pretty soon you're going to have as a luxury item uh a a cooking range in your home or something like that it's crazy what they're doing well absolutely and that just stems from inflation uh i think but by the way i think you should title this clip uh anti-vaxxer joins david knight to just discuss the dollarization everything should be bracketed by that yeah um i love the beginning of the show when you're talking about rfk jr and that kind of bleeds
Starting point is 00:02:00 over into this because we can't talk about the truth we can't talk about the underlying causes of inflation it's it's you know in school it's kind of magical it just happens you know and you always hear about oh my grandfather could go to the movies for a quarter you know and have a hamburger nickel and you just kind of accept the fact that things go up in price but you but you don't understand what commodities are and that's not taught in school it's not you don't understand what commodities are, and that's not taught in school. You don't get to learn about the 19th century and how there was no inflation. I mean, I talk about this all the time, but if you were in the time of George Washington and you bought a pair of shoes while he was president in 1902, those shoes cost the same thing. They've done the graphs on it, and you can see there was no inflation with the bimetallic standard.
Starting point is 00:02:41 So that's never discussed because, again, with the fimetallic standard so that's never discussed because again with the fiat currency system uh the the fake that is built into our reality the politicians the wars the news all of the all of the distractions all of the evil all the lies track back to that they need that system and so you're just taught to well let's kind of go back to uh the 70s david you you remember this better than anybody um i mean i remember better than i do today yeah that's how i'm getting old well i know because you talk about this time period a lot and so do i because it was so pivotal you you look at uh when nixon took us off the gold standard in 1971 uh what happened the next couple of years was was astonishing we
Starting point is 00:03:22 had the first trade uh deficit this country, and we never ran a trade surplus again. But what happened after that was the emergence of all these financial products. They created the IRAs. They created the 401ks. The TV commercials started slowly creeping in that you should invest, because back then, it was the American dream was owning a home. You could put your dollars into savings. And again, that would still be a dollar, you know,
Starting point is 00:03:47 10, 20, 30 years later, but it's not that way anymore. That's why you have all these products. That's why you have, and again, the distraction of inflation is,
Starting point is 00:03:54 is what we're really talking about here. And you're not getting to the core matter. You know, why does your car cost more? Why do your groceries cost more? Is it because there's these things are, are more valuable or is it because you lost purchasing power? And that's what the mainstream is never going to tell the people.
Starting point is 00:04:09 Yeah. And of course, you know, I talk all the time about how we are regulated without representation because you have these bureaucracies just creating these arbitrary rules and pushing them out to us. And what's the process? Well, you know, we have a comment period. We tell you what we're going to do and we let you comment on it. Okay. What does that do? Well, nothing. You know, I you what we're going to do and we let you comment on it. Okay, what does that do? Well, nothing.
Starting point is 00:04:26 You know, I mean, we're going to do whatever we want. So we have regulation without representation. But that regulation, if it's going to raise the price of cars and the cars are, you know, needlessly expensive, and we don't have a choice of buying a cheaper car because they prohibit it, then that really is a form of taxation with that representation. That regulation becomes a form of taxation with that representation. So that, that's where we are with all this stuff. And then, you know, as we look at this and as everybody is now, you know, we turn the corner, I guess, on gold. I don't know how, if it's going
Starting point is 00:04:59 to continue to go straight up. A lot of people are saying that, but you know, nothing ever continues to go straight up. There'll be ups and downs. Uh, but, um, a lot of people are saying that, but nothing ever continues to go straight up. There'll be ups and downs. But a lot of people are talking about how the commodity exchange is an even worse shape than some of these banks that have failed. And we've talked about this before, the difference with paper gold and paper silver. It's easy to buy into those things with a brokerage account or something like that. But is there really anything there? And that really is a question. Is there really anything in, you know, behind these things, especially since, you know, a lot of this is coming out of Shanghai. Do you really trust that they've got the gold there to back up the paper
Starting point is 00:05:41 certificates that they're selling? Or are they just another form of derivative? Well, I'll just give you an example. I go into the back office of two different major wholesalers, one of them being what you would call the trading floor in Dallas, like the main supplier. And you have to be a dealer to have access. I can go in there right now and just see a sea of red where it's going to show delays or not available. Now, you can also go on to a paper exchange,
Starting point is 00:06:05 and you can buy as many certificates as you want. So I will put those two things together, juxtapose that. I think therein lies the issue, is that you've got, and I think some analysts have, and I can't confirm this, but some analysts have said that for every one ounce of physical silver that exists in the ETFs, there's 250 ounces sold or something like that. It's a major disparity, David.
Starting point is 00:06:31 And so in real time, and it is unfortunate, and I've warned people about this before, it is unfortunate that when gold goes up, I get busier. I don't like that. I think you should be paying attention when the market's kind of, there's a lull and there's more supply and there's more variety. I'm happy to help. But that, but that I warned my people here at the shop. I said, I've been in this business for years now, when this starts ticking up, we're going to get really busy and we do, and we're happy to have the
Starting point is 00:06:58 business. But I think we're in a trend now, David. And going back to when gold broke its all-time high, I was filling in for you in August of 2020. As a matter of fact, I had Gerald Celente on that day, of all people. But we were talking about that. And this was, I think, a big moment. And we look at the damage that's been done since August of 2020 to our currency, to our economy, to our supply chain. It should be even higher but there's been so much manipulation uh and again i think this kind of goes back to the paper markets but now you're just you're in a level i think where it's undeniable there's several articles
Starting point is 00:07:36 out right now on the central bank gold buying it's breaking all kinds of records hang on let me ask you real quick what did it get up to in in August of 2020? It was, I think, just past 2060 and some change. And I think that had to do on the overnight trading, but it was right in that area. And we're pretty close to that now or above it, right? Well, we got to 2023 or so in the last 48 hours. And I just, I see it right now. We got to 2023, that's it. We're at 2009 right now, and it's down $11.32 since open, but still breaking that 2000.
Starting point is 00:08:15 And, you know, this is becoming normal. If you go back to the year 2011, that's when gold almost got to 2000, right at $2,000. And I remember that because my dad had had a decent amount of gold holdings that he had for you know he bought you know gold eagles going back to the 90s so you know they were cashing those in and paying bills with it and i thought well okay i'm paying attention to gold now and anyway it's doing the same thing again except this time um there is no calming it down i mean last time they had ben banke came out and said, we're not going to do TARP again. We're not going to bail out again. We're going to better regulate the system. And so silver was at $50 an ounce. Gold was at $2,000 an ounce in 2011. And they just slowly dissipated. And there's been that slow rise back up to where we are now,
Starting point is 00:09:01 except now when gold's breaking 2, 2000, it stays there for a while and it comes back down a little bit, but you're not getting that. You're not getting the floor like you used to. And I don't think you're going to, and that, that really comes down to what central banks are doing. Yeah. And of course, central banks have bought into it in record amounts this last year, unlike, uh, uh, you know, now people are buying into it and this, the whole thing, you know, as, as something starts to go up, you know, the psychology is that, well, uh, you know, it's going to continue to go up. And, uh, so we got to catch that train before it leaves the station when it's down low and, and people can buy in at a low level, then, uh, say, well, I guess nobody wants this stuff. So
Starting point is 00:09:38 I guess I don't want it either. That's the psychology. But you know, the, that's why I think it's a good thing. this ongoing uh program that you have there of um the wolf pack where people just buy it on a regular ongoing basis you know spread it out over a period of time and it's going to all average you know it's going to help to average it out over a period of time and um uh you know because we're looking at the long view we know what's going to happen in the long view we don't know exactly how this is going to time. And we could have something happen. They just drop it down a couple hundred dollars or something an ounce in the near future. But in the long term, it's going to go up because of their policies and because of reality.
Starting point is 00:10:17 You look at these markets, and at some point, it's going to be like the Looney Tunes character that has been running on air and looks down and sees that there's nothing there. There's no fiat underneath them. I think at some level they understand, um, and especially the military industrial complex, because the lifeblood of that, of the American empire is the dollar. Um, you know, I talk about this often, but there was that, uh, war game scenario that the Pentagon ran on a gen z bitcoin revolt against the dollar they ran this a few years ago i talked about it on my show i mean so they're they're looking at that i think tell us about that what happened with that what happened well it was just something the pentagon had started running uh simulations on what to do if if an entire generation if there
Starting point is 00:11:00 was like this big popular wave of anti-dollar sentiment and, uh, you know, how would they, how would they react militarily with the, with the four forces around the world? Like what would that do? And, uh, not a lot of the details were released or some of the findings of the
Starting point is 00:11:14 simulation. I just thought it was an interesting headline because I'm like, well, they're paying attention because that's what, that's what drives the life force of the American empire. And we've dominated for so long, but David, we did a bait and switch, you know, and again, you look at history and I don't, I won't go over every detail, but you know, Alexander,
Starting point is 00:11:31 the great United, the known world time under a silver standard. That's, you know, and that's one of the things that, uh, put his empire together. Julius Caesar did the same thing under Rome. And, and again, decline always and and it goes hand in hand with debasement of currencies and every Roman emperor the debased currency and you talked it started with Nero by the way Nero really started to debase the currency and you talk about the the the similarities between Biden and Nero all the time I thought I'd bring that up but you fast forward the same thing with the British Empire they had a gold standard of the 19th century the
Starting point is 00:12:03 sun never set on the British Empire and then all of a sudden it did and became an aircraft carrier for the united states of america and we had the gold standard we had the currency and gold was pegged uh to the dollar at 35 an ounce and that lasted until 1971 and ever since then every country around the world has adopted a fiat currency and i don't know if you've ever seen the chart, David, of someone's done the total debt of the world, global currency debt of the world. And it's from like the time of the birth of Christ all the way to the modern era. And you see like little spikes, like the industrial revolution and the Renaissance and so on and so forth. And then all of a sudden there's this massive up and to the right and that is after 1971 i mean just unprecedented amounts of debt so we're we're in a a debt a debt spiral i believe that's uh and a lot of these
Starting point is 00:12:52 countries were wanting to get away from the dollar it was initiated by the dollar i think that's going to blow up in our face and we weaponized it with the sanctions we have 40 sanctions in 36 different countries uh biden especially with these sanctions on Russia, pushing Russia further into the arms of China. The most traded currency in Russia, David, is the yuan. Yeah, that's right. It used to be the dollar. Here's the headline. I got two different stories right here.
Starting point is 00:13:18 The word that you're looking for is de-dollarization, right? Right here in the general head, same thing, de-dollarization. So that's what you're looking for, and you're wondering why the price of gold and other things are going up it's de-dollarization i think we're just at the beginning of this story it's it's it's going to be you know along with central bank digital currency david's going to be one of the most historically relevant um and i think important stories of our time. I agree. Yeah. It's interesting. You talk about the rise of all vampires and the debasement of the currency
Starting point is 00:13:50 seems to me like there's also, uh, that is also in sync with moral debasement, you know, the Roman empire of, uh, of the U S and of course, when I look at where we are right now, uh, I feel like we're really on the cusp of hyperinflation, kind of like the Weimar Republican. And, you know, we're like the Weimar Republic in a moral way as well, morally degenerate as well. I mean, it is kind of interesting to see that. Gold over the last month has fallen in inventories by 2.1%. Silver that we don't usually talk about has dropped
Starting point is 00:14:23 quite a bit as well of course you also sell silver there what's going on in the silver market well silver is one of those interesting commodities that I think is undervalued I don't think it's pegged properly even geologically um the reason that we had a gold silver ratio the way that it was was based on geology and i didn't know that until recently it's basically there's 17 ounces of silver predicted or estimated for every one ounce of gold in the earth so that's why we had a usually between a 10 to 1 in the united states we had a 16 to 1 so it took 16 ounces of silver to make one ounce of gold. And that was that way until 1933, David. And then when Franklin Roosevelt had you turn in your gold from executive order so they could give it to the Bank of International Settlements in Basel, Switzerland, that's what happened.
Starting point is 00:15:17 The gold-silver ratio started to skew. And now, I mean, you look at March of 2020, when Donald Trump signed his executive order to sign the country over to Anthony Fauci, the gold-silver ratio went to 125 to 1. It took 125 ounces of silver to make one ounce of gold. Now, I think we're somewhere around, I don't have my calculator in front of me, but I think we're somewhere around 84. So it's been 10 to 1, 16 to 1 for most of history. And in the modern era with the paper markets and with manipulation, that has gone to some crazy, I think, really, I think they're fake numbers. I'm not telling you that silver is going to go up in value and you should go buy a lot
Starting point is 00:16:03 of silver, but you should pay attention to that ratio. I think it's unnatural. I think there will be a resetting of that very soon with the BRICS nations because they're going to create their own currency. The Brazil, Russia, India, China, South Africa, soon to be Saudi Arabia, they're going to create their own what they call a basket of commodities to back up the currency. So the fiat currency dominance over the world, I think, is coming to an end, and there's going to be more competition. That's really what's in store for the dollar, and that's what will create the environment for hyperinflation. I think that's very true because Saudi Arabia is focused on production of oil,
Starting point is 00:16:43 petrochemicals, things like that, course china production of everything and using those understanding how fundamental uh energy is but but these countries unlike the united states uh are are focused not on fiat economies but they're focused on real production of things at the moment so yeah i think it is going to be based on that. Let me ask you this. In that tweet that I read from RFK Jr., he said, and that was yesterday, the 5th of April, he said that was the anniversary of FDR confiscating gold in 1933. I didn't realize that was the anniversary of that. What happened when he confiscated gold?
Starting point is 00:17:22 So that would be 90 years. What happened with silver? What did he do with silver? He confiscated the gold. Did he confiscated gold? So that'd be 90 years. What, what would, what happened with silver? What did he do with silver? He confiscated the gold. Did he confiscate the silver as well? No, uh, didn't confiscate the silver. That that's, that's a, another story had, you know, this, this senators that were like the Nevada Senator, I think maybe both of them, there was such a lot
Starting point is 00:17:42 of silver there, the mining, uh, mining, they wanted the government to buy more silver. They were always working deals with FDR to keep silver in circulation. No, there wasn't a confiscation of silver, but it was more regulated and the government bought more. I think that's why you had the last run of the peace dollar was right after that. It was in 1935. They ran the last issuance of the silver dollar. That's the last silver dollar uh was right after that it was in 1935 they ran the last uh issuance of the the silver dollar that's the last silver dollar we ever made folks was in 1935 so it was a again you can you can look at our debasement of currency and it kind of goes when kennedy uh was
Starting point is 00:18:18 murdered by the deep state the next year his face was on the last silver half dollar yeah and i always thought that was ironic because he had that, uh, the, you know, the executive order on silver, uh, trying to peg it to, uh, a, uh, well, uh, you know, a silver certificate with the, some of the notes he was making direct from the treasury. Anyway, LBJ took the silver out of the coinage and that's what led to Nixon taking us off the gold standard. So they all flowed together, but they like to do that kind of stuff.
Starting point is 00:18:47 You know, I mean, you look at, uh, why is, uh, Andrew Jackson on the $20 bill, right? He fought the central bank. And, you know, so it's kind of like a victory lap by, uh, you know, putting JFK's face on the silver half dollar and putting, um, uh, Andrew Jackson's face on the $20 bills. Like, yeah, we got you. You know, I do. I think, I think they planned that. I mean, it's like he got, and it's the, the very last one, you know, very last silver, uh, half dollar is, is, uh, what has the JFK's image on it?
Starting point is 00:19:15 Yeah. I remember those. I remember those coming out when I was a kid and had a few of them. I might still have a couple of them around. I don't know, but, uh, yeah. Um, so, um, let's talk a little bit about the RFK Jr. thing and CBDC. I think one of the most positive things about him throwing his hat in the ring, as I said, you know, before this, we only had Republicans that were coming out and talking about this.
Starting point is 00:19:39 And now to have a Democrat talk about. So now if you've got people on both sides that are running on this, you got DeSantis as a Republican talking about it. You got RFK Jr. as a Democrat talk about it. So now if you've got people on both sides that are running on this, you've got DeSantis as a Republican talking about it, you've got RFK Jr. as a Democrat talking about it, I think that's a very healthy thing. And we need to talk about this, and we need to raise public awareness. And I understand everybody's got their flaws, and I'm not getting behind any particular candidate, but these issues are very important,
Starting point is 00:20:00 and I'm glad to see people coming out and saying the right thing about these issues and raising the visibility of these issues. What's your take on all this? I'm glad to see people coming out and saying the right thing about these issues and raising the visibility of these issues. What's your take on all this? Well, I'm like you. You know, if we were talking in a break room in 2016 about what to do if Donald Trump gets elected, you know, I would agree with you that we applaud him when he does well and we criticize him when he doesn't. And that's the same. You don't get behind candidates. You get behind issues.
Starting point is 00:20:24 That's right. And if somebody like RFK, I don't agree with him on the environment i think he's misled on that but he's right about vaccines uh and i think as he grows older and gets and exposes more i think maybe he's open to suggestions on other things that could be things he needs to pay attention to that's great i think we need to applaud that so much of our you know you know this i mean the media is controlled uh parties are controlled george washington warned us about he called it evil you know the party system how it was going to destroy us and and it has it's become it's it's the place where ideas go to die that's right you know it's partisan politics it's where the truth
Starting point is 00:20:59 goes to die it's where opposition goes to die they have us controlled with these two-party systems and i think it's great. Uh, RFK Jr. Coming out and talking about central bank, digital currency, and talking about vaccines. We need more of that. Yeah. And, and, you know, sometimes, uh, courage is contagious. Maybe it might inspire somebody else on the periphery that has a name to get in it and
Starting point is 00:21:18 add to the debate. That's right. Um, you know, one of the things that, um, if you read a little bit of history on, on the year 2000 for the election with the reform party, one of the saddest things was Pat Buchanan had a great start and he looked to be the Reform Party nominee. And his only goal was to poll high enough to get into the debate because he thought if he could get into the debate, he could start a national conversation. And Donald Trump came in and ruined it and kept him from getting a solid nomination, kept threatening to run for the Republican Party nomination called, have you can't in a Hitler lover. So that's the last time we had anybody that was going to have any access to the debates
Starting point is 00:22:00 to change the narrative. But, you know, before that was Ross Perot. And that was a huge shift in American politics was ross perot talking about well i was just talking about the elites and talking about nafta they called it the giant sucking sound i mean that was i was 12 years old watching that i was fascinated i thought well why couldn't this guy win yeah you know it opens the imagination of people that's what they don't want they want cookie cutter they want controlled opposition so i think it's wonderful when uh somebody comes out and talks about things that we care about and what's really truly important so that's i applaud him yeah and of course it is difficult to penetrate this system you know
Starting point is 00:22:33 somebody asked so so why is he running as a democrat and well you know he's got a lot of family history there uh the kennedy name is going to be magic to a lot of democrats for whatever reason and but uh look talking about pat buchanan getting into the debates, he's got a poll at a certain level, and these are the people who run the polls. The people who run the debates are the same people who run the polls. And who's that? That's the Republican and Democrat Party. They're going to make sure that you're not going to get in the debates.
Starting point is 00:23:02 They will raise those levels up or down or whatever they need to do to make sure that they're going to be the ones in there and that you're not going to be there if you're not going to get in the debates. They will raise those levels up or down or whatever they need to do to make sure that they're going to be the ones in there and that you're not going to be there if you're an independent or a third party candidate. But isn't it interesting to see, you know, Donald Trump's role in that, as you just pointed out, how he seems to always come in at just the right time to be the disruptor. I called him the underminer, you know, know, the movie, the incredible, you know, I am the under minor, nothing is beneath me.
Starting point is 00:23:29 Uh, and, and that really has been the role that he's played for a very long time, hasn't it? He's playing it now. It's, it's really convenient. These headlines, you know, and the timing of all this, you wonder at what level of the PSI op, do they even know that they're in? I mean, do they, do they so decompartmentalize? I, I don't know, um, uh, what, what, what we're watching here with, with him, but he always inserts himself. And especially when we need to be talking about anything else, but him. Yeah, that's right. It's all about him. It's just him,
Starting point is 00:24:00 you know, and it's, uh, you know, now he's saying, Hey, we need to defund the FBI. Uh, it's politicized. Yeah. Uh, you, you were president. Why didn't you do that then? I mean, they were even attacking him as president, but it's always that, you know, he's only going to act as his former lawyer said, and, uh, out of his own perceived self-interest. Uh, but again, you know, when he starts throwing this stuff out there, he wanted, you know,
Starting point is 00:24:23 there was a report that he wanted to be pictured in handcuffs, you know, walked around and, uh, they didn't do that. They didn't give him what he wanted. So he's now done a t-shirt of himself in handcuffs and he's, you know, and so I think that those reports are true because, you know, even though, uh, they didn't give him that photo opportunity, he used Photoshop to give himself that opportunity. Uh, he wants to present himself
Starting point is 00:24:45 that way yeah i know that you bought one of the nfts didn't you david oh yeah yeah sure no we made some of our own actually uh my son the whistler who is uh doing the war today he uh he did some great uh trump nfts when all that stuff was coming out put him in his buzz light year and other things you know they interviewed him right after his arraignment and he said um he talked about the dollar losing status he's like frankly you know that's going to be the biggest story we've never had a defeat like this in 200 years and all i kept thinking i was reading this and i go but you printed 40 of all the dollars ever made yeah yeah that's why it's losing it really did like 40 that's why i say you talk about, you know, the, the last four years we printed or made and print, there's not enough paper, but you created for, you know, 80% of all the dollars
Starting point is 00:25:33 ever created, you know, from the beginning of our history till now. So there's 80% of the new, new currency creation. Well, 40% was Donald Trump. Yeah. 3.7 trillion dollars. I talked about it at the time, you know, a pal was saying when he's on, but they said, so you're going to print some more money. Well, $3.7 trillion. I talked about it at the time, you know, a pal was saying when he's on,
Starting point is 00:25:47 but they said, so you're going to print some more money. Well, we don't print it. We couldn't print, not just, you said we couldn't print that. And so I thought,
Starting point is 00:25:51 you know, how big is, how big would that stack be? You know, if you had a fresh new $1 bills that were compacted, you know, straight out of the presses and it would go to the moon and part of the way back.
Starting point is 00:26:04 Yes. And if you, if you just, if you'd stretch them out in the end and it would go to the moon and part of the way back yes and if you if you just if you'd stretch them out end to end it reaches the sun oh there you go 93 million miles yeah they're done i read that in jim mars's book a trillion dollar conspiracy years ago and i just boggled my mind i'm like wait a minute it'll go that far like yeah that's because they don't they can't print that much obviously and that's that's how they get you these fact checkers well i lot of get fact checked. Like that's not true. 80% weren't printed. And I thought, well, okay.
Starting point is 00:26:30 I just didn't use the word printed. You know, that's, that's what, that's what the issue is. That's how they get you. That's crazy. And I remember at the time, the only person opposing him in Congress was Thomas Massey. And he said, well, we got to primary him out. Well, now Massey has returned the favor. They didn't primary him out and he is supporting
Starting point is 00:26:45 the santas let's primary out trump thomas massey is is i think the guy who's been most consistently on the right side of anything in congress but so tell us a little bit what's happening there at wise wolf well like you said we've been we've been very busy. We're fortunate that way. And a proud sponsor of this magnificent program. You go to DavidKnight.gold. And we had a lot of outreach from David Knight listeners. It's always great to hear at the shop. When I answer the phone, it goes, is this Tony? I hear that all the time.
Starting point is 00:27:17 Is this Tony? Yeah, this is Tony. I do answer the phones. If Kenzie doesn't answer it on her end, and she works off-site. And so I usually send most of the new trades will go through Kenzie. Cause she just does a magnificent job. She finds stuff I'd never have found in my career and gets people great deals. I'm really proud of her.
Starting point is 00:27:33 It's finding things for Wolfpack. We've got, well, we're on the way. We're on our way to 1000 members. That's been my goal. We reached the milestone of 500 sometime ago for Wolfpack members. And the cancellation rate, David, is almost nothing.
Starting point is 00:27:48 I mean, it registers, but most people cancel to upgrade. They cancel from a lone wolf at $50 to go to a warrior wolf at $125. So we're seeing that. Because the deals that come in, and you get a detailed invoice, you get to see what the competition's doing. And there's variety there because every month it's going to be different i did a lot of buy-ins this month on behalf of wolfpack members uh from different exchanges and individuals we've got fractional silver fractional gold uh some bars all kinds of sovereign coins from around the world whether
Starting point is 00:28:19 it's canadian maple leafs or austrian philharmonics so we've got we've got a good variety there so we're really proud of Wolfpack. I'm still working on the website, you know, create a community there, uh, with, I'm thinking using about telegram because everything else seems to be centered, uh, censored in some level. So we're going to be careful, but we set up in the first place so other members can talk to each other, but it's really a community, uh, and the more people that join the stronger we get.
Starting point is 00:28:44 Oh, and I will add this it took me some time but i did get access to gold backs i had a lot of people ask me about gold backs and those are paper currency notes with gold embedded in them and they are there's several states wyoming utah utah yeah uh new hampshire i believe has so we have now a broker. We went through a wholesaler. We have access to multiple states. And I'm going to be giving away, and anybody who goes and joins Wolfpack today or through the rest of the month,
Starting point is 00:29:14 I'm going to give free goldbacks too. I've got to, Kenzie's going to get mad at me because I told her I was going to do this. I need to send the wire later today and buy some goldbacks. But it's just a fraction of a gram of actual gold in each note. And I think they start at like a dollar level, and then it kind of just correlates to what a dollar would be in gold or something like that. And I've bought them before from private manufacturers, but never ones that can actually be traded as currency in those states. And a lot of people are interested in those.
Starting point is 00:29:44 So those will be going in Wolfpack this month. And, uh, again, complimentary, I'll, I'll put some in there for anybody who joins from today onward, uh, we'll get, uh, uh, some new, new gold backs in their package for sure. That's really cool. I, somebody sent one of those to me, uh, once and I looked at it and it's like, wow, what is this? You know, I looked it up and as you point out in those certain States,
Starting point is 00:30:04 they can't, you can use it like up and as you point out in those certain states they can't you can use it like currency and they uh have a small enough amount of gold that you know you're you're not having to do uh two thousand dollar transactions with everything it's just enough gold and you know if you melted it you'd get that um you know fraction of a gram i think some of them are like a sixth tenth of a gram um so you you look at a gram today of gold, of 24-karat gold, would be over $60. And that's meltable gold. So that's just a fraction of a fraction of a gram, and it's just put into the note. So it's a clever idea.
Starting point is 00:30:34 I've not done a lot of that type of business in my career, but we're starting to get people asking. So I said, well, I'll get it. And it took me a while, but I finally did. So we're going to offer that as a promotion here for the best of April. That's cool. And, you know, there's a lot of things like that, that I've seen as well. You know, uh, you had it, uh, as well, the, um, uh, the little chiclet, uh, silver that you can, you know, you buy a sheet of it and it's, uh, this amount
Starting point is 00:30:57 and they can break off little parts of it. Uh, I think that you're going to see a lot of innovation like that. Uh, if, um, you know, the, the dollar gets into big trouble, I should say, when it gets into big trouble, uh, we even saw that back in the depression, you know, people were making wooden coins and some of the places for community coins and, and people would, uh, exchange it just within that community. So I think you're going to see a lot of innovation coming there because, um, you know, we can, uh, we can do things that are going to make our
Starting point is 00:31:23 lives practical, even as these people on wall street are coming up with these ridiculous innovations of derivatives and other fictional things. We can figure out how we can subdivide the real stuff. I think that's, that's going to be interesting to see what happens. It's always great to have you on. I really do appreciate your support of the program, Tony. Thank you so much. Have a good Easter weekend.
Starting point is 00:31:42 You too. Thank you. Tony Arteman, why is wolf dot gold? And of course he has set up David Knight dot cold as well.

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