The David Knight Show - INTERVIEW Saudis Abandon Petrodollar?

Episode Date: June 6, 2024

Will Saudis officially abandon the petrodollar in the next couple of days?Financial foundations are shaking with countries moving to BRICS and away from the dollar as the world reserve currencyAccumulating gold and silver in small or large piecesTony Arterburn, DavidKnight.gold, joinsMoney is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

When you're not weighed down by high interest rates, life lightens up. MBNA TrueLine MasterCards have low interest rates on balance transfers and purchases to give your finances a lift. Find the credit card that's right for you. Visit mbna.ca slash TrueLineCards. Give your finances a lift. All right, and we've got Tony Artabanon after that brief break from Wise Wolf Gold, but he has set up DavidKnight.Gold to take you to Wise Wolf. And, of course, you can buy gold or silver, small amounts or large amounts.

You can also set up a savings program there with Wolfpack. You can determine how much you want to save each month in gold or silver and get a group discount as part of that. And so you can gradually accumulate that. And he can also help you if you want to do a metals IRA. He can help you to set that up. Great to have you on, Tony. Thank you for joining us today. Thank you for supporting this program. Well, it's an absolute honor, sir. Thank you for having me back. I always enjoy our Thursday chats. Well, thank you. Yeah, it's great to have you on. And in the brief time that we were talking during that break,

you said you heard the question from somebody about Saudi Arabia. In three days, is there some kind of magic agreement? Were you able to find anything about that? Well, yes. And I'm going to be very careful not to break anything here that is unsubstantiated because there's a whole host of blogs out there and speculation on what's going to happen on the 9th. And the United States formed a petrodollar agreement in exchange for military protection that the brokering and all sales of the crude oil in Saudi Arabia would flow through dollars. And that's where you get the term petrodollar. And so that was 50 years ago today? That's interesting.

Yes, D-Day too. June 6th. Yeah. Also anniversary of operation overlord 1944 and so yeah it's expiring uh on the 9th uh and so again there's there's some disinformation i i don't want to lean too heavily on this there's some blogs out there some sub stacks saying that the crown prince in saudi arabia has said that they would no longer accept dollars. That's not something I can confirm. What I think is going to happen is if you look at the,

I think the digital currency headlines out there, Saudi Arabia and China are creating a cross-border digitized payment system. I think that will kind of start off what's going to happen to the future is going to be a host of currencies. I don't see any evidence that Saudi Arabia is going to happen to the future is going to be uh a host of currencies i don't see any um evidence that saudi arabia is going to stop all transactions and dollars i think we would know that i think that would be even though it's on a couple of blogs out there i don't think that that is um the the true crux of the matter i think what we're looking at is that saudi arabia is going to go in going to not renew that

agreement the petrodollar so officially really the petrodollar is not necessarily dead but it's uh it's on its deathbed it's in hospice care because these other currencies and i think it'll probably be more dominated in chinese yuan and then uh the brick system itself let's not forget that saudi arabia recently joinedICS and I think that made it I think really that really is going to accelerate de-dollarization David I mean this it's not that it's going to go to zero that Saudi Arabia is not going to accept it but they're going to have a completely new payment system set up so what we've known and what we talked about as the petrodollar I think is officially coming to end here on the 9th well now am i mistaken because

i thought that saudi arabia had said they're going to start settling contracts with china for example in the chinese yuan was i uh imagining that or or did that really happen or do you know do you remember i i thought they'd started doing that but maybe they didn't what do you think i believe that they have started doing that um and i they didn't. What do you think? I believe that they have started doing that. And I think even during this agreement, I think they've been setting that system up. I think that will accelerate now more than anything. But it's not that they won't use dollars. At least that's what I'm able to find.

And we've been talking about this for a while. Part of the overall de-dollarization globally that we're seeing. And it really just, I mean, it's accelerating faster than I think. As you look at the financial, the mainline financial networks aren't even talking about this. This is huge. This departure away from the petrodollar system. So, again, it's not going to go to zero. They're not going to use dollars.

Iraq has done that, by the way. The Iraqi parliament has made it illegal to trade in dollars. zero like they're not going to use dollars or iraq has done that by the way the iraqi the iraqi parliament uh has made it illegal to trade in dollars so that you know that in that part of the world that is happening um but it looks like this is limping along i mean there's going to be trade in dollars but no it's there's cross-border payments set up uh electronic electronic systems electronic currencies and digitized currencies between Saudi Arabia and China are going on. And I think this is going to be part of that. It'll be part of the new payment systems through BRICS.

Another stellar victory for the American empire. Our former, the people we rescued don't want, have made it illegal to even take our money anymore. Maybe we should offer a bill like that in tennessee make it illegal to accept any any federal bribery out of washington dc that would start things going in the right direction immediately wouldn't it they don't even want our money and of course turkey which is a nato ally they have declared that they're going to join bricks as well so was there a you mentioned uh you know 50 years ago today there's some kind of an agreement now what kind of you know is this kind of a handshake between uh i guess we could call it a handshake between a clown prince and

kissinger uh or or was this some kind of a formal agreement that they spelled out there uh that they can just start to you know find some wiggle room or just ignore it? I guess maybe. I don't know. Was it some kind of a formal treaty or something? I believe so. Was it? Okay.

I just thought it was kind of an agreement. You know, if you look it up, the petrodollar agreement of 1973 was a deal between the United States and Saudi Arabia in exchange for military protection and advanced equipment. Saudi Arabia agreed to sell oil exclusively in U S dollars. And they call it an arrangement established. Yeah. An arrangement. We're doing a couple of mafia families there. You know, it's like the, the tag, the taglias and the Corleone's made an arrangement there.

And of course the reason that we talked about this many times, the reason they had to do that was because everybody saw the fraud that the dollar was not backing up, not being backed up by gold as they had promised. And so they had to back it up essentially, you know, with with guns, with with the military equipment for the Saudis and keep them in power because, you know,'s a, it's an organized crime cartel, but that's in that country. We're going to be right. It was a bit of a delayed reaction. You know, August 15th, 1971, Richard Nixon takes us off. The gold standard closes the gold window and it doesn't again, not till June 6th, 1974, do we have this official agreement? I think that was probably the plan all along because it'd be more of a floating currency based off a real time commodity commodity in some ways at least so it's not just because this was

that was a huge departure from the breton woods agreement of 1944 and again the 1970s that's where you get stagflation you get high unemployment uh inflation and and low economic output output and so that's what you get also to get the the uh gold going up two thousand percent during the 1970s of course gold didn't really go up it's the the dollar lost purchasing power but all through that that's the the military-backed u.s currency argument and i've heard that before like what backs us now well it's been a host of things it's it's really about money velocity this is my opinion but you go and you look at places like iraq uh that we invaded and i i tell this story often like the one of the first places i was called to at the tail end of

the invasion going into mosul they sent me to the bank uh this they said to put my team to the bank and said uh figure out what's going on because people were just taking boxes of the iraqi denar out of the bank and the people were staying there and they were just basically looting. But they would go out in the street. Nobody wanted any of the currency. I literally got to see a currency die in real time, a paper currency. And you think about the departure. That was 20 years ago, David. So if you think of the departure 21 years ago and I look at that and how far we are away from that the apex of American power and hegemony post 9-11, going into Iraq, doing that, setting up that intern government, all that with Paul Brimmer and all this.

You look back now and they don't even accept dollars. Yeah, yeah, that's right. And this is a swift fall. And we talked about this last week. You have to be, this is on purpose that we lose these deals. This was one of the reasons that if you look at the history of the Cold War in the 1980s, Ronald Reagan was able to bankrupt the Soviet Union. And there's a lot of moving parts that go into that. But that was one of the things he was able to work closely with the House of Saud. They were able to have a massive amount of output of crude oil onto the market. The main export of the Soviet Union was energy, Russia,

and their natural resources. So coupled with some other things, that was deal-making. That was a strategy. What is happening now i mean i know it's an inside job but it's pretty incredible i mean they're not even trying anymore that you have uh biden's economic advisor bernstein he can't explain what currency is like he was on 60 minutes he can't explain you know how how debt is denominated all this stuff and he's also arguing he wants to lose this that these these are the economic this is the head economic advisor for biden wants to lose the world's reserve currency status of the u.s dollar which i don't know how that how does the dollar survive david if it's not being used globally and

uh again we've i don't think that these elites understand or maybe they do the consequences i think the people running the government understand i think they put in these idiot subordinates who don't and those are the ones that we that we look at when they go our leaders they don't understand what's going on maybe i don't know maybe they're such traitors that they would do it anyway maybe they're so stupid they don't understand what's going on but the people who are setting this whole thing up do understand and and you know they are deliberately it's kind of like the failing schools right but along the sign people say what is the matter with the schools and i'd say i think they're doing exactly what they intended to do i think they're deliberately

dumbing down the kids and and they this our government we look at it and it's like what's the matter with it don't it doesn't don't can they see this doesn't make any sense? No, I think they're deliberately pulling the economies apart in America and in Europe and other places in the West. I think it's a deliberate focus on us to rip everything apart. I agree. I mean, I think it's a plan. America will be the first nation, I think, ever that will be brought down artificially. Again, every nation, every great empire has a rise, a fall, has an apex. When you're not weighed down by high interest rates, life lightens up. MBNA TrueLine Master

Cards have low interest rates on balance transfers and purchases to give your finances a lift. Find the credit card that's right for you. Visit mbna.ca slash truelinecards. Give your finances a lift. And a collapse eventually, but this has been accelerated. You go back and just look at the timeline. I get stuck on this, but if you watch the departure of American greatness and american power and and accountability it really just starts again the the acceleration point at least is 1971. and then that's when we we go off the the gold standard at least in and i'm thankful for a lot of things that happened post nixon taking us off the gold standard for one thing it's legal for you to own gold now you could know from 1933 to 1974

which is interesting this is 74 is the year we signed the agreement for the petrodollars also the year gerald ford made it legal for you to own gold so again it was you couldn't physically it was you go to prison you couldn't physically hold it so now you can so you can be your own bank but you got to understand like everything that's happening with the government and the idea of sound money and liberty and accountability in regards to the monetary system, that's what props up the deep state. It's when we have the problems that we have. There's absolutely no accountability. And now that they're doing this controlled demolition, this is the time when you really, folks, you've got to pay attention to what this is going to happen.

Like David says, it's gradually then suddenly, right? With Hemingway's quote about the rich going broke, I mean, it's gradually and suddenly. I think we're going to see the suddenly part. And I try not to be an alarmist and say, well, tomorrow you're going to wake up. The dollar's not going to zero, but it is going to digital. That's something that we need to really focus on. It's this is all these things that are happening. I think, you know, David and I talk about it's like, how could you even how would you let this agreement lapse? And when we need it so badly to to to strengthen the dollar as well, it's because they're going to cause put in the the environment for you to need or ask for a central bank digital currency.

There'll be a run on the dollar. There will be loss of purchasing power, foreign adversaries dumping it. And so they're going to say, well, this is what you need. Just sign up. Here's your biometrics and all the rest of that stuff. At least that's the signpost that I'm reading from all this, because you can't sign, they have to know that they're going to lose this status. So there might be, and again, this Jerome Powell has been raising rates faster than any Fed chair in history.

And we've noticed that. And they're also very much on the fence about lowering rates now because they have stag flesh they have they have inflation now but they also have an economy that's failing but i think you and i have also talked about the fed the fed will choose the strong dollar so there's a there's a mixed bag and it's probably a lot of civil war going on in in the realm of finance in our dollar which will work its way out of the general society eventually you know the civil war stuff i agree well you know i think it's kind of interesting when they put in commodities of oil but also the other commodity that was implicit in the petrodollar was military power so those are the two commodities that we control right and so we control the oil

we control the military power once they put uh the petrodollar there that was based on that then they could let people have the gold because prior to that they had to kind of you know it was implicitly tied to gold at the very least and so they move these things along and as you point out they're gonna they're gradually taking everything down just like fauci said you know how do we how do we accomplish radical change is basically what that guy was asking him at milken and whether you're talking about getting people to take an untested vaccine or they're talking about radical change in terms of our infrastructure and our economic organization our radical wealth redistribution uh from the western governments to

a handful of oligarchs when you're talking about radical change you do it from the inside you do it with disruption and you do it iteratively and that's what we're seeing with all this radical change right and the question is kubona who benefits yeah and certainly not the american people that's right and because this system's been in place so long you're going to develop normalcy bias and i think that's so dangerous right now because the elites are planning. They've been talking about this. They even have a term for it. It's called the Great Reset. They throw it in your face. I was talking about this, and I know you were too, in 2019. I was talking about the language of the Great Reset and the World Economic Forum. By the way, the World Economic Forum forum started in 1971 same year we went

off the gold standard who knew you know so you know you see a lot of that stuff has followed us into our present time in 1972 we opened china and in china was uh if you read pat buchanan's work on him following nixon to open china it was like this backwater almost like he was like he called it like a moonscape it was just it was very quiet uh you know they had they had nuclear weapons in 1964 but they were very isolated you know the yeah the the maoist regime even though they were set up by the rockefellers and rothschilds in 1949 it was a it was very insulated and they had you know cross cross border fights uh with skirmishes with the soviet union a lot of that was covered up but they still had you know, cross-border fights, skirmishes with the Soviet Union.

A lot of that was covered up. But they still had, you know, border disputes between some of the lands the Russian czars had conquered. And, you know, 200 years prior. But there was a lot of tension. So when that opened up, this is where we are now. China, you know, we have this most favored trading status given to it by George W. Bush on December 11, 2001. And after that, we lost 55,000 factories here in the United States. All this wealth transferring to China.

But I read a report this morning, Dave, it was really interesting. The amount of dollars that China now holds is a mystery. Going up, the peak was 2014, and then there was this decline since that time. And now they just basically papered over it and covered it up. You really don't know how much of the dollars they actually hold. So this is coupled with the fact that China has been stealthily, under radar, which is very bizarre, buying gold since the beginning of the century. I think that's also a tell. They're setting themselves up with their economic

nationalism, their manufacturing, which production, if you listen to the former Fed Chair Paul Volcker, when he talked to Congress back in the late 80s, he was saying, well, what's wrong with the economy? You know, why is the American economy? What's wrong with the economy? I am. That's me. He does a G.K. Chesterton thing on it, right? You know, what's wrong with the world? I am.

But he definitely was what was wrong with the economy, these Fed chairmen. It's exactly right. Well, he pointed to the fact that the United States had departed from a production nation to a consumption nation. You know, a consumption economy is not going to be near as strong and productive with overall wealth as a production economy. So we went away from manufacturing. So there's something happening here. The history here is really breathtaking. If you follow finance and you're a gold bug like me and follow precious metals.

It's all happening now. Just even the news feeds, it's hard for me to catch up because so much is happening in the realm of digital currency. But just this here, we're on the cusp of losing the petrodollar. I didn't think it would be this fast, but there's really no resistance. Even the archive stories, David, if you go back, the United States government isn't putting much pressure on Saudi Arabia to renew it or to create some sort of deal. It's truly amazing. I mean, you would think that Biden would go over and at least, you know,

do a sword dance with him or something like Trump did. They could pull out the glowing orb and he could put his hands on it.'s like yeah all right we're all together in on this one uh but they're doing nothing not even a sword dance well and it's and have you heard anything i haven't heard anything on the campaign trail from any of these candidates no no no all the all the truly foundational existential issues they don't care about it at all. As a matter of fact, you know, when you look at this, right, it was energy, oil, it was military power, things like that, that they were focusing this thing on. Well, as you were talking about, as you make the transition from manufacturing economy to a consumer economy, that is a path

to poverty and to slavery. And yet, when you look at the green agenda and you look at the Paris Climate Accord of 2015, what is that about? That's about making sure that China and India have an insurmountable advantage in terms of manufacturing. Because if they've got cheap available energy, nobody can compete with them. And that's why we're seeing a lot of these. We're seeing factory after factory close. They are the last steel plant in the UK closing and on and on. You see all this stuff. Why?

Because manufacturing is energy intensive. And if it's energy intensive, it's going to be done in the places where energy is cheap. And so this whole green agenda has been about making China the manufacturing king and making it so that we can't manufacture anything, not competitively at least. Well, it's a way to consolidate power, too. And you called it a watermelon that's green on the outside and red communism on the inside. That's exactly right. I mean, this is what the plan of the elites in the World Economic Forum whatever you want to call it there's probably a massive amount of influence too and i i probably need to do a whole show on this where the trilateral commission the council on foreign

relations how much how much of their hand is in something like bricks and the in the foundation of bricks we know that they founded the trilateral commission in 1973 all these these years are very pivotal beginning of the 1970s going off the gold standard opening china trilateral commission that they founded the Trilateral Commission in 1973. All these years are very pivotal, beginning of the 1970s, going off the gold standard, opening China, Trilateral Commission. 74 is also a very important year, not only for this agreement, but it's the last year that the United States

ever ran a trade surplus. And you gotta remember folks. When you're not weighed down by high interest rates, life lightens up. MB&A Trueline Mastercards have low interest rates, life lightens up. MBNA TrueLine MasterCards have low interest rates on balance transfers and purchases to give your finances a lift. Find the credit card that's right for you. Visit mbna.ca slash TrueLineCards. Give your finances a lift. The trade surplus, again, this is what we had for most of our history. There was a reason we

were called the arsenal of democracy and the manufacturing marvel of mankind i mean it's what we the the founding father especially alexander hamilton set up a tariff system so we would protect our our markets and we built things yeah and so there was always a traits that's how we even paid you know david's mentioned this many times that was our taxing system. About 70% of the government, the federal government was funded through tariffs. So foreign imports, you had to pay a tax to enter our home markets. And now you look at that timeline, David, going on the petrodollar, but it was the last year we ever ran a trade surplus. Now, where does that money go?

So if you're running trade deficits, that's funds and wealth away from you. And I remember when I was running for Congress, I said, well, we're going to reach a trillion-dollar trade deficit. And I was laughed at. I think it was the Dallas Morning News. And I thought, that's just crazy. Well, we hit that. And it wasn't that much longer after that. It's because we continue to consume and consume, and we're based off of debt, and the elites push that.

We went from a production economy to a consumption economy, and so that's where we are. All those dollars, though, as I've mentioned, have to go somewhere. They don't just float off in the ether. Wealth transfers. So this large transfer of wealth has been happening under your feet for the past 50 years that's right and now we're just i think they're consolidating that's rearranging the grand chessboard all of that and the the danger here is all of us just thinking well you know tomorrow will be a lot like today yeah that's just so that's it's not it's not going to be and you go back and you look at it i remember

you had a lot of people who were all about free trade you know carrying the water for the uh multinational corporations and they said oh this is going to be great you're going to be able to look you'll get everything so much cheaper you know these these people in china they've got nothing they'll work for nothing and so you're going to get really cheap goods from these people and all this kind of stuff and it's like well you know is um is that a is that a good thing that we're going to use these people as slaves to make cheap stuff for us and then what we're what is the long term picture of this you know we're going to get wealthier as a community think about that as a community if we are just doing each other's laundry or cooking for each other with restaurants and that's really all that's left to us now are these service businesses uh as individuals you know if you're not on not a big

multinational corporation on the new york stock exchange what have you got left basically uh service businesses now if you do a good service business you can still get rich uh but the at the same time your community or the country is getting poorer and poorer you know so you're going to be a big fish in a shrinking pond that's there and eventually you're going to run out of water in that pond and so that's where we the direction that we've been taking as a community and you know a lot of these people who sold us this this open trade stuff again when you go back and you look at how these things got put in at the same time we went from having taxes at the border to having taxes internally, we also set up the Federal Reserve. We set up the income tax and all the rest of that stuff.

That's when we made, you know, essentially the guns turned in on us in the same way that the guns are turning in on us now with the surveillance state and the police state and the rest of this. They turned that gun on us economically a long time ago and uh you're talking you're right talking about the 70s when you had um as a big new brzezinski when he's starting the trilateral thing and you know and they loved him uh they loved his thesis that he wrote a little bit before that and sets up the trilateral commission and then when um they switch out uh nixon with jimmy Carter. They put him in charge. Take over from Henry Kissinger, who's running the show. Then you get Zbigniew Brzezinski running the show for the Trilateral Commission. It truly is amazing to watch this thing unfold over all these different years and how these people are painting us into a corner.

Boy, we're in one now. We're in a tight spot now, as they said in that, uh, brother, where are thou? The barn's on fire and they're shooting inside. It truly is an end game.

Yeah. And, uh, you know, as much as I don't like that, that the fact that this, this plan that it's been a longterm plan to, uh,

transfer the wealth and power and the ability to project power away from the United States of America. And it's going to wake up, you know, that quote that's often attributed to Thomas Jefferson, you wake up homeless on the continent your forefathers conquered because this was a plan that was implemented. You mentioned, you know, the income tax and the Federal Reserve. I mean, 1913 is the four horsemen of the political apocalypse. You know, you have the 17th Amendment,

the direct election of senators by bankers instead of your state legislator. You get the 16th Amendment, which was the income tax. You get the Federal Reserve, but you also get in there, there's the incubation stage where we start moving away from being economic nationalists to a free trade system in 1913 with Woodrow Wilson. Folks, all that was set up by the elites. This was their plan. The Cecil Rhodes roundtable internationalist merging of the British Empire, the City of London, and the United States and its power to form a one world government.

And that's where, you know, years later you get, you know, after the end of World War I, the League of Nations was rejected because we still had somewhat of, you know, we still had some people that loved this country that were in the United States Senate, and it was rejected. But that's where you get the Council on Foreign Relations. They've been working. It's an inside job. They've been working on this, and it's beyond just human intervention this is a spiritual thing but they've been working

on this uh since uh well for since the beginning of the country but especially accelerated after a world war one i mean and i'll i'll end with this david you know the debt of the u.s going into world war one the war to end all wars, was a billion dollars. And when we were done with the war, it was five. You know, because now we had the Federal Reserve too, and they had hijacked the money supply. And they've expanded, you know, but it was five billion. That's pretty quaint compared to where we are now with a trillion dollars every 90 days.

You know, so totally unsustainable. But, you know, totally unsustainable but you know watch watch this is monumental david watching the these agreements uh expire and this is a this is the passing of an age of of the american empire it's and it's swiftly eroding right yeah and of course when you look at china they loved china because the communist leaders were nothing but thieves you know marxism is essentially a kleptocracy from one regard you know kleptocracy combined with totalitarianism so they knew these people were bribable what they did was they set up a kind of fascist system where you had public

private partnerships you didn't have a business there unless you had a communist party partner there and so that kind of model that they used they liked china because they could have their way with it and you hear the politicians and everybody else saying that all the time oh i love china i can do whatever i want to there because it's a dictatorship and they want a fascist dictatorship here that's what the public private partnerships are all about and they're the ones who are going to that you know you asked before where does the money go well we know it goes to these guys they're the ones who get it i've got a question uh for you tony this is from michelle obama and thank you for the tip on rockfin said tony does the gold you send me that is larger in size

have less value because it's not as easy to break down and trade for day-to-day items no uh well i think what you're referring to is there's when you get gold that is broken into things like uh half ounce quarter ounce uh tenth out tenth of an ounce or even gram bars like i put a lot of the gram bars in the wolfpack packages there's a premium placed on those just just getting that like the my cost is going to be higher doesn't it's not like it's not a cost i'm passing necessarily onto you from the mint that's my i have to absorb the cost first and then you know sell it so there's always a a higher premium on fractionalized gold as there is on fractionalized silver it's just the way that metals work um the minting process and all that there's always going to be a little bit more and sometimes a lot more premium

it's one of the things that's great about wolfpack we buy the the gram bar sheets and sheets of 100 so 100 grams of gold per sheet and what i do is we we put take those little white gloves and we break off the the grams and then repackage them into a coin flip so instead of you paying like going online and finding one that's an assay that's through like you know one of the major retailers will save you you know 10 15 dollars a piece on those so it's not that it's your gold your gold's worth less if it's in an ounce form and it's not necessarily that your gold was worth more when it's in a fractionalized form, but you end up paying a little bit more.

And I think there's probably a psychological value placed on that. It's like if you can just trade grams at a time, I think people will like that, by the way. And I think that's a way that you could handle business. And it gives you the ability to it's it's you you've made that coin divisible so that's the whole point of why you're paying a little bit of i agree yeah yeah when you get something that's bigger it is that you're going to get a bulk discount type of thing on it right and if it's smaller uh you've got some more utility for it in terms of maybe you know know, in the future, if you're trying to, so those, those two things that just kind of, there's, there, you know, different types

of, uh, of things that you might accumulate, you know, you're looking to get a massive amount, um, that you then can't break down. Uh, and, uh, but you can get a quantity discount on it, or you're going to get something that, you know, there's more, uh, more involved in manufacturing it and more stuff that has to go into it more processing but it might have a little bit more utility for you in the future i guess it's just that maybe it's that kind of trade-off what else and that's by the way that's the way i buy a lot of my gold for myself personally even though i mean i buy it from people that come here to my shop or in my place in denison texas but i you know i try to buy the the 10th ounce pieces so

you know the same things if you call me and you want to buy something just know that i'm it's like i'm buying for myself i'd think what would i do with this particular situation so it's you know that's just me projecting my own strategy with my customers and uh so i i told that's a great question because i i have the same i have the same thoughts like a 10th ounce gold Krugerrand I love Krugerrand You know South African. It's part of the BRICS nations. It's probably a good hedge there. You can usually get a good deal on them They're not there's the premiums on their Mart like American Eagle. So I like to I like to save those those Krugerrand I like the 10th ounce pieces matter of fact, I one on my, you know, I carried one on my neck.

So it's my necklace. It's a good way to travel too. Like if you want to take a little gold with you, just in case like of a backup, you can always do that. Um, John Greenewald, I would go on a plane or the TSA. Wait a minute. I had this basket where they go. Uh, yeah, that's yeah.

Wear it. Don't put in your bag. The touch it and steal it authority. That's what the TSA stands for, I guess. So what's going on? Other things that are happening? Any specials or anything like that that's going on at Wise Wolf you want to let us know about? When you're not weighed down by high interest rates, life lightens up. MBNA TrueLine MasterCards have low interest rates on balance transfers and purchases to give your finances a lift.

Find the credit card that's right for you. Visit mbna.ca slash TrueLineCards. Give your finances a lift. Well, so we're working on payment systems. I've had a lot of people reach out and say, I heard you on Davidid knight talking about the new payment systems working on that where you can do ach it's for some of the larger tiers or one-time purchases and i'm working on being able to accept major crypto on wolfpack so you can go on and get in the shopping cart use bitcoin or ethereum we should be announcing probably this time next week when i'm on with you again hopefully

we'll be announcing that so that'll be really exciting oh yeah uh and and we've got uh a lot of great great products uh going out on wolfpack if you haven't checked out wolfpack go to david knight.gold and uh look at all the things that you can set up in the automatic you can do one-time purchases and we buy your metals for you um so the more we've got close to we're getting close to like 1200 people so we've we've expanded our reach there a bit i got like 700 five-star reviews so if you haven't joined wolfpacker you've been on the fence about it uh especially with this going off of the petrodollar uh save some silver get some gold uh you know and and with us you're gonna get quality products delivered directly to your door and and with us you're gonna get quality products

delivered directly to your door and and all that certified and i buy free i buy for you like i buy for me just so you know yeah what would tony do that's that's what you're thinking when you're making the purchases well you know as gerald slenty will always say he says i don't predict the future uh i predict trends and we know what the trend is for gold we don't know when it's going to happen when the price is going to go up exactly or go down but we know what the trend is for gold. We don't know when it's going to happen, when the price is going to go up exactly or go down, but we know what the trend is for the dollar and we know what the trend is for gold. And so that's, uh, that's all you need to know to know that you need to

start accumulating a gold and silver. Thank you so much, Tony. It's always great talking to you. Uh, and you got to, your show is going to be following a tech. I've got, um, another question here. I think, think um this is from atomic dog you said david gold has gone up about 32 of the last two years what does your gut say about the future price increases is 3 000 likely within the next two years um i saw something

the other day and i don't remember what the time period was talking about gold maybe it was longer than two years but um it had gone up quite a bit. What is my gut feeling about it? Well, let me ask you, Tony, what's your gut feeling about it? We're not making predictions here, but we're talking about the trend. You know, if we got any, I know that there's a lot of banks that have picked $2,700, you know, by the end of this year, beginning of next year. Several of them have picked 3 000 and of course you got some some wild outliers that go really high just like you see with bitcoin predictions and things like that what do you think well i think just conservatively go back to 2020 and city bank

was expecting three thousand dollar gold uh during that time i think the second quarter they were talking about 2021 3000 there's been a lot of disruptions in the natural progression of what gold's value is and you got to understand this is warfare folks this is yeah this is a very uh you know this is fourth dimensional warfare uh that you've got uh uh the united states central bank is a war with gold that's why they don't buy it that's right uh the west is not buying it simply market is simply not simply market uh forces you've also got you know active manipulation yeah active manipulation uh there again there's a revaluation of commodities even things being denominated in dollars and i think one day we'll look back and wonder what isn't what does that even mean that we were denominating all this stuff in dollars it is it is crazy um you know gold is really if you if you step back

from it gold is the world's reserve currency it's it's supplanted the dollar already um you know and i think the final nail in the coffin was 2022 with the invasion of ukraine by russia and the sanctions that were placed to blow back from that and uh and so i think that gold it really is the world's reserve currency now so what happens with it being denominated in dollars that's a great question and i think if you're if i'm betting on something i think easy uh three thousand dollar gold in the next 24 months i don't think that's really a problem uh it could be much higher um i mean honestly would anybody blink at five thousand dollar uh you know an ounce gold probably not but if i'm if i'm understanding what happens when the

price goes up it really slows down all the things that i do you would think it would speed it up and there would be like some windfall but it really doesn't it's a really crazy time like it takes me about two weeks now to get paid on a certain type of items, especially the larger gold items. Even though the price is up, I usually have to sell them to the trading house. It's taking a long time for that to be evaluated, to be paid for it. So everything is slowed down. And I think it's like choking out some of the, because you're dealing with more dollars, there's more risk that happens if you're holding that much more. So you've got to understand all the factors that will happen.

So I don't pray for higher prices, by the way. I don't think that's a good thing right now. I think, I mean, right where we are is crazy. So this is the, you know, it's hit its all time, gold hit its all time high in the last five times or something like the last four months. So we are on a trajectory of a bull market for gold, but I don't think it's just a bull market. I really think it's a generational shift for the world's reserve currency

of the dollar status moving away, de-dollarization, and revaluation. Well, you know, we've talked about Zimbabwe, for example, the Bax case in modern times, a trillion-dollar Zimbabwe note and all the rest of the stuff, trillion Zimbabwe, for example, you know, the back case in modern times, a trillion dollar Zimbabwe note and all the rest of the stuff, trillion Zimbabwe dollars. They did the Ziggy, the Zimbabwe gold thing, and it's actually gaining against the U.S. dollar. How bad is that when the U.S. dollar is falling against Zimbabwe's currency?

It's up 2% over the U.S. dollar. So I said it's having some problems in the country because there's a big black market there uh competing with in a lot of different ways with the government's currency but um internationally you know people are liking it again because they supposedly tied it to gold i guess maybe internally people don't believe that it's tied to gold. This is the big lie. How do we know that they're telling us the truth? You know, it's like when they always tell us a lie.

So, um, but, uh, yeah, I think it's, it's going to be there. It's the, it's a safe play. I'm, you know, when you've, um, when you reach a certain point in time and you've been on roller coasters of investments i'm not interested in any roller coasters at this point in time i'm too old to ride them you know so i'm looking for something's going to be kind of slow and steady and stable and physical and all the rest of these things that gold and silver are that's uh that's just my personal opinion uh i you know the stock uh stock market is doing really well but it's like know, just a couple of stocks that are doing it. You know, first it was seven.

Now it's only about four stocks, and it's focused on AI, and it's focused on NVIDIA and things like that. These are things that are kind of fads, and I've seen a lot of fads come and go. You know, as these people are setting up their global conquest, what were we doing back in the 70s? You know, people were dancing to disco and wearing bell bottoms. It's like, what do we know? It's kind of crazy. And how uninformed we are about what these movers and shakers are doing in the background. So you've got a program that is coming up following this one.

Is that correct? Oh, yes, sir. Just at 11 a.m. Central Time, Arterburn Radio Transmission. I'll be live on Rockfin on the America Unplugged channel and my Twitter at Tony Arterburn and a couple other places,

freeworld.fm as well. Yes, yes, good. Yes, and I think we still need to get there on free. Someday we'll get our tech changes done. It's so much stuff on a regular basis it's hard to get something i understand uh all right well uh always great talking to you tony thank you so much for joining us thank you so much for your support of the show

and everybody check out his program immediately following this and you can find him on twitter on um uh let's see yeah at tony yeah yeah. Yeah. Yeah. At Rockfin. And also at, give me the address again, the FM. At freeworld.fm. You can listen to a lot of great hosts there live. And a shout out to Jason Barker,

who's been doing an amazing job. He's streaming your show right now on freeworld.fm. Well, that's great. Yeah. Do we have a link to that on our website? We need to make sure we got at least a link to that. So that's great.

I'm glad that he's streaming that there. Well, again, thank you, Tony. And we're going to take a quick break, folks, and we will be right back. Thank you. Making sense common again. You're listening to The David Knight Show.