The David Knight Show - Interview: The World Is Quietly Leaving the Dollar Behind

Episode Date: July 16, 2026

The Fort Knox "confirmation" that Wall Street celebrated amounts to Scott Bessent telling Jesse Watters the gold is there — with no audit, no verification of quantity or quality, and a punchline that writes itself: $1 trillion in unverified gold against $40 trillion in debt and $160 trillion in unfunded obligations. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases 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-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @[e-mail] App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Joining us now is Tony Ardabin. Always great to have Tony on at Wise Wolf Gold. Of course, he's also set up David Knight, not gold, who let him know that you're coming through us. And we're going to talk about the economy. We're going to talk about gold. What is going on with gold? What's going on with Fort Knox? They keep bringing this up. And it's kind of funny, isn't it, Tony? How many times they brought up Fort Knox? But yet, they never do anything about it. Right? And so you got Jesse Waters interviewing Scott Bessent. And this is reported from, I see this on Twitter. Some account called Wall Street Gold said, Fort Knox Gold confirmed.

And they've got it all uppercase. They've got a flashing ambulance. It's like nothing was confirmed. Do you believe a word that anybody in this regime says about anything? But of course, it's not been audited. And that's the reality. Even when they've had their show visits, nothing has been audited. Nothing has been validated.

there's not been any verification of what is there, the quantity or the quality of it at all. And so they say Fort Knox gold is confirmed. And we have over $1 trillion in gold. Isn't that great news, Tony? We have $40 trillion worth of debt and we got $1 trillion worth of gold. I'd say that we have bankruptcy is confirmed here, wouldn't you? You know, it is interesting. They dangle this Fort Knox audit, and they have been, even in the first Trump administration,

there was some word about that they were going to look into it and Trump mentioned it, you know, just offhandedly. But the second Trump administration, that was something part of Doge and we're going to get to the bottom of this. We're going to look at it and everything else. It never went anywhere. It is a huge question mark. It's supposed to be, it's over 4,000 tons of gold that are in Fort Knox. It's about half of the supposed holdings of the United States. And supposedly we're still the world's leader.

in gold holdings. I don't believe that. I think the Chinese have overtaken us some years back because of their secret gold buying. But it's interesting. They continue to float it. Nothing really happens. And so I don't know if it's for the keep the world guessing or something

like one of my friends sent me a meme yesterday and it said a Gold Knox audit starter kit and it was a can of gold spray paint and a lead Yeah, that's about right. Yeah, this tweet that was part of this article here on Zerohead, yeah, Fort Knox gold confirmed over a trillion dollars in gold, the largest gold pile in the world. Isn't that great? Like I said, we got $40 trillion in debt. We got $1 trillion in gold. We got probably $160 trillion in unfunded mandates and obligations when you look at Social Security and other things like that. So yeah, the bankruptcy. is writ large for anybody who wants to take a look at it.

But he also made another interesting statement. Scott Bessent did. When he's talking to Jesse Waters, he said, well, America used to be backed by gold. Used to be backed by gold and silver, he said. And the important word there is used to be, right? Not anymore. The emperor, we have an empire that is nothing other than naked tyranny. The emperor has no clothes and he's got no money in his purse either.

It was interesting. There was a tweet on Gold Telegraph last week. I talked about it on my show, and it said in the monetary history of the United States, the dollar used to be backed by gold. Then it was backed by oil. And now it's backed by psychology. It's just backed by belief. You know,

it's kind of like Tinkerbell if you don't clap Tinkerbell dies. And that is the point of history in which we are right now. And it's funny because I was looking at the headlines on KitCo. And the markets are not rat. as you can see. You know, if you look at where the world is headed, and we talk about this every week,

but it's more and more evidence just stacking up, the world's not creating a different reserve currency to compete with the dollar. It's going to be regional currencies, cross-border payment system, blockchain, all the rest of that, but what they are building, and the central banks continue to be very bullish on in buying at a record pace is gold.

They're buying gold. Gold will be the new medium of exchange. Even in the face of everything that's happening right now, David, as you know, we look back at the beginning of the year. What fundamentals have changed? Have things gotten better with geopolitical uncertainty? If things gotten better with the national debt and fiscal responsibility, absolutely not. All the things that drove gold to $5,600 an ounce back in January and February are still there. But we pulled back below $4,000 a day, and there's a lot of reasons why.

I am not real valid reasons, but they are reasons. I mean, you look at the price of crude oil hitting $80, the uncertainty around the straight of or moves. You have the nomination of Warsh, and Warsh has been, was supposed to come in and lower rates and be this very doveish extension of what Trump policy has always claimed they wanted, which was a weaker dollar. I think this is a huge headfake. He's not going to raise rates.

I don't believe that they will. even in the face of inflation because it would damage the economy. You and I both know that. Well, they can't even service the debt if he were raised it up like Paul Volker did. It couldn't even make an interest rate payment. Not even close. So you've got this weird point of history that we're in, and they're using the markets using old metrics,

you know, a previous system and a previous reality to judge the current prices of things, which is lucky for all of us. I mean, the first thing I did this morning, I saw gold, low 4,000, well, I'm buying some inventory. Yeah. I'm a buyer, you know, when I see stuff like that because I know that fundamentally this is all fake. And I mean, as nicely as I can put it, the market is irrational and some of these so-called experts are not going to look really good in two or three years when this all shakes out. I mean, what is the next shoe to drop when the price of oil continues to cut

into the standard of living of people all around the world when the economy slows, supply chains are further disrupted. I mean, as fragile as everything is, and you think that it's funny because like, oh, well, they're going to raise rates because inflation's high because the cost of oil went up. That's irrational. Even inflation is higher than gold should be higher. And so to say that it should be lower, I think is the clown world economics that we're in right now. It is. And when you look at what Trump's policies are doing, constantly adding more burdens to us, right? Putting taxes at the border, all kinds of tariffs, making things more expensive, the oil embargo that he has created with all of this stuff. And it is, you know, no relief in terms of regulatory stuff that's going to

make anything cheaper. It's just one burden after the other. The other one being the massive electricity rates that are going to be kicking online here in terms of data centers coming online. And so that's going to make our businesses less competitive. It's going to take thousands of dollars out of our pockets. They're talking about how for millions of households, they're going to have billions of dollars, and I forget how many tens of billions of dollars increase in electrical costs that are there. Because if it was floating right now at market prices, they have some regulatory restrictions on it, or if it was just floating at what their real costs were, it would have gone up over 70%. And so you're going to gradually see that coming in to your electric bill.

It's going to be yet another burden put on your back by the Trump administration with its, you know, clear out everything for the data centers, everything for our surveillance technology, nothing for you type of aspect. So all this stuff is going to come home to roost. They're going to want to not raise interest rates in that kind of an economic environment, whether or not they could afford to do so with the interest rate payments that they would have to make to service the debt. they're not going to want to do such an obvious move that would really take the economy that's already going down. It's good that I didn't pay attention in school and the public school system. I did my own thing. I worried a lot of people when I was growing. I read my own books and look at, you know, I was interested in stuff that was outside of the curriculum.

It's a good thing, too, David, because I looked at another headline that I saw today was that gold also fell in the face of new retail. sales. Now, if you read that, you think, well, you know, the economy's doing better because there's higher sales. Do you know what makes sales higher? Inflation. So if something costs, you know, from a dollar to a dollar 50, and it's the same margin and you sold the same amount of widgets, you didn't make any more money because your cost went up to sell the same product. So that's, that's a magic trick. And if you don't understand, like, if you never actually ran business, That probably escapes you, but that's a literal headline. I mean, prove it.

And it's what it does is bumps you into a higher tax bracket. Yes. They tax, that's the thing about inflation. They tax you on the devaluation of the currency that they create. In a modern, any type of sound economy, if there's a, if, if things are real and there's a free market, prices go down, folks. Things are deflectionary. your your money actually should should be just as strong or stronger 50 years on and five years on and whatever it does same thing we had in the 19th century there was with you know there was periods where we had slide inflation yet you know lincoln's greenbacks there's a couple of periods but throughout the 19th century on average there's no inflation i mean if you know whatever costs you know if you had bought a set of clothes to go to george washington's inaugural that same set of clothes cost you the same in 1902 basically no inflation throughout the 19th century. So inflation is something that only comes through

fake money and, you know, a Marxian central bank system, which is, you know, in the Communist manifesto, I think it's the fifth plank is to have a central bank and it's controlled of the money supply outside of the free market. So prices should go down. And that's the thing about, you know, you and I talk about gold and silver every week and what the prices of commodities are. it's all relative because we're talking about fake money against real assets David did you know that in the last 25 years the world has consumed more copper than the previous set of human history beforehand? And the last 25 years with all the things being built for the information age

copper you know that's another that's a precious metal by the way I mean we deal a little bit in it, but, you know, copper is a glue that holds the, you know, the world together, all of civilization mostly. And then the next in line of that is silver. So all these things against the dollar, to me, I'm bullish on long term because I know what the dollar is. It's literally, it's built on psychology. So you don't believe in it. It goes away. And guess what? The world is stopping to believe. Like the belief, we should have a belief meter. Like it's like it's not just dollar usage, but, you know, uh, except. of the psychology of the rest of the world.

Well, with silver lining in all of this, except it's not silver, is that your kids are going to be millionaires. That was the headline on a puff piece cheering Trump's Trump accounts for kids, right? The Treasury will give you $1,000 for your child if they were born after Trump became president. And then, of course, you can put money into that account as well. So I said, so if you do all this stuff, your kid could be a millionaire. And I immediately looked at that and I thought back to the last time we saw massive price inflation because of a global oil disruption.

And I remember the joke that people had at the time. Of course, back then you had phone booths, right? Which I guess we should put a footnote there to explain it to some people who don't remember those things. But this guy is in a state of suspended animation. He wakes up 50 years in future and he, which would be about today. and he makes a phone call to find out what's going on. And he decides to call his bank and see if they still have his bank account. Not only did they not close it out, which, you know, bank would do.

But it's now because of compound interest, a little bit that he had there, is now worth a couple million dollars. And he goes, this is great. And then the operator comes online and says, please deposit $50,000 for the next minute. And that's what made me think about these Trump accounts. It's like, yeah, all our kids are going to be millionaires. That's the good news.

The bad news is it isn't going to buy anything. It's just monopoly money. I think you've played it before on the show, but back in the late 70s, Dan Aykroyd did that skit on Saturday Night Live playing Jim and Carter. He's like, we're going to make everybody a millionaire, you know,

like that's of inflation. Through inflation, we'll all become millionaires. That's right. That is really the issue. When you have an economy built on liquidity injections and printing more, which we do now, like, beyond anything, any scope we've ever done before. And there really wasn't any real quantitative easing, I believe until the 1990s.

I think that started under Greenspan. Yeah, yeah. He laid the foundation for that. But before that, there really wasn't any. I mean, there was tricks that were made and, you know, the borrowing from the Fed and the rest in and T bills and stuff. But it wasn't like true central bank intervention out in the open. into like the last 30 years.

So you can see. Oh, by the way, Tony, we've mentioned this several times. That quantitative easing is back. They're just not talking about it. Everybody talks about the interest rates. This is the part of the iceberg that's above the surface. The massive part of the iceberg that's below the surface that you don't see is the quantitative easing. And the Federal Reserve is growing that rapidly.

Yeah. It's got its tentacles and everything. and, you know, controlling the financial reality in a way that skews it like a fun house mirror. And it creates like this upside down understanding of economics. It's like what I'm seeing right now. I mean, the fundamentals of what drove gold to record prices in silver. I mean, at $120 an ounce, all that stuff's still there. And worse, by the way.

It's worse. Yeah, that's right. And, you know, even if you look at the demand for things, you know, especially silver and some of these industrial metals is off the charts. and even the deficits every year, but so much of it's papered over, so much of it's controlled. And, you know, it's funny, you may disagree of this,

but I've been looking at this, like the closer of the strata hormones, the spike in the price of oil, it has given the dollar, or those who control the dollar, some breathing room, because it strengthens the dollar in the sense that it,

you know, creates this false impression, that its main competitor, is not a safe haven asset. Yeah. That's what, you know, one of the things they've been doing to gold since the 70s, since Volker and since, especially since the Hunt family and, you know,

driving silver to $52 an ounce in 1980. And, you know, I say they were deep stated. I mean, I think they were taken on by the deep state to, I think it was exposing the, you know, the true lie of fiat currency. But if you look at what's happening now, this is a perfect scenario if you wanted to buy some time to keep the dollar so-called stronger, you know, without really raising interest rates or doing anything.

It's, you can have a, you can, you know, use misdirection and say, well, this, this is caused by Iran and the, you know, the oil supply shock. And we don't know who caused Iran, do we? It just happened like the pandemic thing happened, right? Who knows that these things just happened? The pandemic did it to us. Iran did it to us. Iran war. We don't know how that got caused.

Yes, the invisible enemy. Like the 9-11 hijackers and the COVID-194. You can't see it. You can't see what Iran's actually doing. But they're definitely closing the straight of Hormuz through these actions. And it's really landing, right? I think it's an opportunity to those who control the dollar. I agree.

Yeah. Here's an article from sovereign.com. On July 7th, Bloomberg published an article of the headline, Goals bull market has ended. and now all eyes are on the bears, saying that retail investors have headed for the exits. But they point out the same day, the Chinese Central Bank reported its largest monthly gold purchases since 2023. They are buying the dip. And as they point out, and it's accurate because it's what you've been saying, Tony.

The price is not the story. The story is what central banks are doing because they were the ones that were the dominant force on the run up of gold since 2022. and the central banks have bought nearly an all-time record in 2024. Now the massive demand that ran gold up, they said the price is nearly doubled. Central banks buying slowed to 863 tons in 2025, but it's still higher than the historical averages, but it's down 21% from the year before. Nevertheless, the central banks are not trading trying to chase momentum. And that's what the retail trade typically does.

It's like, what asset is going up? Let me buy that because it's going up. No, they're looking at long-term value. They're looking at it from the perspective of savers who are accumulating a reserve asset. And like any sensible saver, they buy less when the thing that they are saving gets expensive. Less gets expensive. So they buy less when it price goes up. Now that it's going down, they're, as you point out, loading up the truck.

They backed it up. loading it up. They bought only 27 tons in all of 2025, the Chinese Central Bank did. They bought, however, 40 tons in just the first six months of this year. So they're buying it at a rate that's almost four times what they bought in 2025. So central banks, like net purchases, even with the downturn and even with the sell-offs of places like Turkey and Russia and India that were putting some on the market. It was still 17 tons net. in like April. I mean, even with the sell-offs of these, you know, large gold holdings.

And that was for liquidity. That's right. Right. You know, the United States, end of World War II, 1944, right before the end, you had Breton Woods. And, you know, gold was set at $35 an ounce. Officially, we'd held that since 1933. And it was said, this is the world's reserve currencies.

Now, the dollar. And, you know, that's why we haven't had an audit of Fort Knox since the 50s. We just, that was been our hand. We had so much tons of gold. We had to were the world's leader and all of that. And it never really had to be accounted for. One of the reasons that Nixon took us off the gold standard is because these other countries noticed something. In 1965, we took the stover out of our coin.

Start debasing our own, you know, our coinage and our currency. I think the world took notice of how much we were spending, how much we were borrowing, the Cold War, you know, the great society on the Mekong, as Lyndon Johnson called it. So the world took notice. They tried to cash their dollar holdings in for gold at the gold window. Even De Gauls and the president of France in his warships over to pick up the gold. So we went off the gold standard because the gold reserves weren't there to back up, you know, all the money supply that we had created throughout the world. And, you know, that's held even with that psychology all through those years is held through where we are today. But the world's not, and you used to talk about these central banks, these aren't.

Retail investors looking for value, looking for the next 10% or 15% return. They're looking for the new system. And that's the rub. That's what's really. It's not just, you know, this fly-by-night investors and speculators, because that's what makes the volatility. That's what makes this whipsaw back and forth. Well, with the structure and the bones of the new system are going to be built on gold. And you can quote me on that.

It's happening. I mean, it's so apparent to me. That's what's happening. It's not about a new currency. The currency already is gold. It's we're going to use technology. I mean, he had Putin last week or so telling that some of the countries in the Asian sphere. Let's use local currencies to trade with each other and through the ruble, you know, like interlinking things with blockchain. And they're just using it for cross-border payments and abandoning the dollars as part of de-dollarization. That's right. And, you know, when you talk about a lot of people say, well, we went off the gold standard there with Bretton Woods 2, went to the petro dollar. And yet the U.S. government was really off of the gold standard before that, weren't they? Because they weren't, they were spending far more than the gold that they had. And everybody knew it, as you just pointed out. So there was a pledge, basically, that they were going to use gold to back their currency. And yet they continued to print more and more currency. So they broke that promise. And people called. them out on it, so then they came up with a petrol dollar, which is now dead. And so if you have a situation where the dollar is going to be the reserve currency, people are looking at this, especially at central banks, and saying, this American government is overextended. It's unpredictable. We don't want to trust that or that system. That's what you're talking about

as the bricks and gold. The gold bricks. How about that? As that is being put out as a secondary alternative to it, because as you point out, gold is not a counterparty risk. to anybody. And nobody wants the counterparty risk of this particular government. They go on to say, if you're a trader, if you're somebody who's out there trading and you're trying to accumulate paper dollars, then you're kind of concerned about this 28% drop and the price of gold off of its peak. But, you know, again, this is a glass half full or half empty? Is it twice as much as it was a couple years ago? Or is it down 28% from what it was a few months ago before this unusual war. So you can look at it from a couple of different ways, but the perspective that the

central banks are taking is that one of a saver who's trying to accumulate gold, not paper, fiat currency. And that really is what this article is about. They really nailed it, I think. I think so, too. I mean, the premise is if you're looking at history and you look at the 20th century, like that period after World War II, the rest of the world primarily used dollars. And that was the American dominated system until the end of the 20th century going into the 21st. The issue now, if you look back to the history of central banks, David, they'll go back to even 2008 before 2009, the rate of central bank gold buying was almost zero. It was almost zero.

Like they just held dollars, they held treasuries and, you know, they held the euro or whatever. And it wasn't considered that big of a deal. Like a lot, they had some of their gold left over from, you know, World War. War II era, you know, the early 20th century, but that was, that was primarily a holding of currencies. Well, that's gone away. And further and further, every day we get further and further away from that reality. I mean, we're not going back to that anytime soon.

And the erosion of trust is the issue. I agree. It's the same thing that happened when they went to the petrodollars. It's like, we had an agreement. We had a, you know, essentially a trust that you broke. And you're printing more paper than you got gold. So the same type of thing has happened with the sanctions that were enacted by Biden and the actions that Trump has done in terms of sanctions and many other things. We have shown that we can't be trusted.

We've broken that trust. We said, hey, we've got a system here. Trust us. Well, that's done now. It is done. And this will be the age of precious metals, I think, the rest of this century as the world consolidates more of its currencies and holdings back by something finite. of infinite. And then, you know, the experiment of Fiat is coming to an end. The American dominated Fiat system and history doesn't show us any examples where a Fiat currency, especially

a reserve currency of the entire planet, last that long. I mean, life span is usually about 26 years or a Fiat currency all throughout history. There is no exceptions. They burn out. And it's just mathematics. And I think the dollar will be reset, upon something else. And it's not, you know, we talk, you and I spoke about it all throughout these years. The dollar's not going to zero. It's going to digital. I think we have to be aware of that. It's going to be on the backs of some, you know, stable coin. And there you have a situation where it's not just about preserving the value of your money, but it's about preserving your privacy when that happens. That's the other flip side of that coin, flip side of the digital coin.

You know, they even do a fiat system, Tony, when they're talking about the gold coins that they're printing. Yeah, Jesse Waters, when he's talking to Scott Bessent, they started talking about the coins, the Trump coins that he's going to mint. And of course, they're going to do a 24-carat gold commemorative coin. They're only going to make 47 of them. And they're going to cost $90,000 a piece. And we've talked about this in the past, too, how a lot of these big gold traders out there will sell you collectible coins and really inflate the price of this stuff. It's like, I don't think this thing is going to weigh several pounds, you know, for it to be, uh, you know, for it to be, uh, $90,000 or whatever, you know, what is it? Well, would that have to be, I guess,

about 20 ounces or something? I don't know. Exactly. Exactly. Yeah. That's, that's the grift on it. If you don't know what the coin value is, or blue sky or numismatic. I mean, you can get lost in that stuff. Just stick to the basic. It's the price of gold. What's the price is silver? But he does know what I started talking about. Well, wait a minute. Is it legal to put Trump's face on a coin? And he goes, well, you got to understand there's a difference between coins and currency. When it comes to currency, no, we can't put his face on the currency. I have to put in God we trust. He goes, that's, you know, but I can't put a face on there. Those are the two things. But he goes, when we're talking about a coin, we can put anything we want

to on there. And there's the rub, isn't it? That's the constitutional difference that, you know, what they've been doing is not constitutional money. And, and that is the thing that we always go back to. Why did the founders want to have gold and silver? And the government was not supposed to be creating currency. It was supposed to be minting coins. All right, welcome back, and we're talking to Tony Ardibund at Wise Wolf Gold. And again, you can get there through David Knight.org, let him know that you're coming through us. We were just talking about the coins, and isn't it fitting that Trump got rid of the penny and now he's coming out with a $1 coin with his face on it?

That's the king of inflation. Because if you go back and look at it before the creation of the Federal Reserve in 1913, probably that penny that they had back then in 1912, had purchasing power that was greater than the $1 coin that Trump's going to put his face on. That's true. And you've got to factor in, too, I think up until 1982, the pennies were made with real copper. Yeah. And like I said, you know, the price of copper. I mean, we got rid of the penny, but we weren't even using real copper since 1982.

Yeah. So, yeah, it is, it is fitting that, you know, you get the, a president who's got so much damage to the dollar and fiscal responsibility and purchasing power. of the dollar, you know, through things like the liquidity injections during, during COVID. And I'm looking at the print and the debt. Yes, and the debt, the unnecessary wars and the, and the shock to the dollar in the monetary system with the Iran war, the unnecessary war. It is interesting. I'm looking at the image right now in Kixot of the actual $1 coin. Yeah, that, yeah, it's where it's, we're in Saddam Hussein territory, I guess, where we're going to. And then the Brits do that.

They put them, you know, the king or the queen on their currency. And how'd that end up for them? You know, I mean, it hasn't gone for the pound sterling either. It's very telling, isn't it? Tell us what's going on at Wise Wolf. Anything different that's happening there? Well, next week I should have, we've got a promotion coming up. I don't have the details yet, but we're going to have a promotion for a wolf pack.

So hold off, you know, until next week, if you're thinking about joining out, there's a new promo code we're going to do. It's going to have a giveaway of a $20 gold piece. I've got a graded one. It's from pre-1933 gold that I've got. So a few other things we're going to begin in a big July through August, maybe to September, doing a big giveaway of stuff for new signups. And just to remind people, one of the things that you do that is very, very different is Wolfpack itself.

And what Wolfpack is is a way for people to set up a savings program. And we were just talking about, do you want to save in paper currency that's constantly losing its value? Or do you want to save in gold and silver? Well, if you want to save in gold and silver, you can determine how much you want to set aside each month. And, of course, people can cancel at any time they want. But you can set different tiers. And what you do is you do group buys and it gets a good price on these smaller denominations of stuff. I guess we could call it, you know, when you really make small amounts of gold or silver,

at the lower levels, you can go down as low as $50 a month and on up. And so that is a great thing that Tony does at Wisewalth. I don't know anybody else does. Nobody else does it exactly like we do. There are some subscription services. We really reverse engineer the system for people to buy precious metals. And the larger companies, they don't really care if you got 50 bucks or 500 bucks. They just don't.

It's not their business. this model. But it's mine. And I think if you're a regular everyday person and you want to set aside some fiat currency every month and put it on automatic, you let us buy your metals for you. And that's really what it is. And that's, we've been doing this for over four years now. And wise wolf, by the way, wise wolf gold, silver, Bitcoin. We just got our trademark. It took me eight years. Took me eight years. I tried so many different ways. And finally I just said, okay, we're going to try it. We're going to try it this way when I finally got it. So that was, we did the same thing for Wolf pack so i think it's a little bit of a you know an achievement for the team here we've been working

and just to carve out our our niche but we're proud to very proud to sponsor shows like yours and have been for since the beginning and uh even that's right a long time now we've been sponsoring your show and you can go to david knight dot gold yeah thanks for doing that david you always plug for me i always forget uh david night dot gold and then there's a link on there if you want to check out wolf pack uh just hit the link says join wolf pack and it'll show you like Wolfpack.gold, which is our subscription service, and as low as 50 a month. Well, it's a great service. And again, if you really want to save on something that is worth saving, as opposed to something that is going to become essentially toilet paper. You can fill your

wheelbarrow up with it and go buy a loaf of bread in the not too distant future, I'm afraid. Or even worse, they turn it into something digital where they take away your wheelbarrow altogether. You won't be able to go anywhere because they're going to debank you and control you because they don't like what you're doing or whatever. You know, that's the important thing, that kind of independence that it gives us. And so I really like the idea of physical gold and silver. I really like what you're doing, Tony. Really do appreciate your support. Thank you so much.

And we're going to take a quick break, folks. Real quickly before that, we do have a question for Tony from Hatchcar, 61. Does the new futures exchanged open in Hong Kong in which all contracts are settled? in PM will this upset, will this up to start price discovery in PM? A little bit of a mess at the end. But how's that going to affect things, basically? Well, that's a great question because this is something I've been covering, if you've listening to me, for the last couple of years.

I'm like, hey, this is one of the biggest stories. It's not Hong Kong. It's Hong Kong. And it's physical gold storage. And they're looking to do satellites, you know, Singapore and other places, especially in the Asian sphere. where they're going to house and catalog and audit physical gold to use as a payment system. And that's part of de-dollarization.

So I think price discovery is absolutely in question here. Like, what is the price of gold, especially when the dollar starts to lose egemony, and it's continuing to lose egemony every single day? What happens when we get to a certain point, you know, as far as dollar usage? That's an open question. So I don't know, it's funny because this goes back to something, David, and I were talking about, everybody becomes a millionaire. You know, like at some level, the dollar crashes and loses more purchasing power.

It's kind of irrelevant. You just have to remember gold is stable. Even though they've increased the amount of gold that's, you know, the last hundred years, there's just more people on earth. There's more entities that hold it. So inflationary-wise, you know, gold still buys the same amount of land and oil and food and clothing that it did 100 years ago per ounce. It's just everything that in the middle, all the fake stuff and all the currencies can keep you very confused.

It's like, well, did it go up? You know, gold was $35 an ounce. Now it's $4,000 an ounce. Well, relative to what? It's because the dollar lost purchasing power. And there's more the supply of dollars increased, like some insane number, you know, as far as the money supply has concerns. I'm very bullish on things that are finite. And that doesn't even have to be gold or silver, but it's outside of California.

but it's outside of counterparty risk. And the big entities are already doing that. And I'm bullish on things that are not digital. You know, that's the key thing to me. Because when you look at how they're rigging this whole thing, I don't want to have anything to do with a gold ETF. I don't want to have anything to do with a gold back coin. Because you get a gold back coin, great.

Except they're still going to be able to track you and they're still going to be able to prevent you from having a transaction. Even if that thing is backed by gold, they have the ability to peremptively shut down your being able to process transactions with it. Counterparty risk, always remember,

if it's not in your possession, then you've got counterparty. At the end of the day, you've got counterparty. And sometimes that's okay. Like the super wealthy, they don't keep all their gold in their house. They can't.

You would be crazy to do that because you would put yourself at risk. But at a certain level, you know, just the more levels you have, especially if you're in the paper, That's not good. That's right.

The counterpart in this world, in this realm, where we are, and I don't think we've even begun to see the craziness, the fallout from this system. I mean, we're not even close to that. So I'm bullish. And even if I'm bullish even outside of the price, David. You know, I like to me, and I've got cash and turning it into metals. Yeah, yeah, I agree.

Well, congratulations on navigating the regulatory hurdles there and getting your trademarks there for one. Wise Wolf and Wolfpack and so forth. And people can get to Tony through David Knight-Dygold. Thank you so much, Tony. Thank you for joining us. The common man. They created common core to dumb down our children.

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