The David Knight Show - Interview: This Isn’t Volatility—It’s System Failure

Episode Date: February 6, 2026

After historic whiplash swings in gold and silver, Tony Arterburn explains why this isn’t a normal market correction but a sign the monetary system itself is cracking under debt, de-dollarization, a...nd political manipulation.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 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 throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Transcript
Discussion (0)
Starting point is 00:00:00 Joining us now is Tony Ardbin of Wisewolf, Gold, and Silver. And, of course, you can get to Tony through David Knight.Gold, lets them know that you came through us. Thank you for joining us, Tony. It's been another interesting week, hasn't it, with gold and silver? Interesting week. Yeah, when I got off air with you last week at this time, gold was trading around 5,500, 5,600 an ounce.
Starting point is 00:00:30 And then the next day, I woke up and I set prices, and I started to see just the red on the screen and the same thing with silver it went from like a hundred and uh ten dollars an ounce down to uh 70 something yeah seven about 30 percent or something uh gold dropped almost a thousand dollars an ounce and then bounced back um so yeah at the top it was 5700 uh that's last week and then uh down to 4700 or so and that happened in in a 24 hour period so yeah we survive wise We'll survive the largest downturn of gold and silver in history in a flash like that. Wow. I don't interview you.
Starting point is 00:01:09 I don't know how you do it because I tell you this is absolutely crazy. The big swings that are going back and forth. What do you think? I mean, some people have said that they think that, of course, a lot of people are getting out of Bitcoin, perhaps, getting into gold. Maybe these guys are then selling off gold because they've got to cover short positions that are starting to drop. What do you think was going on behind that? I think it's a lot of factors. The Warsh nomination carried a certain psychological weight to it.
Starting point is 00:01:41 A lot of people went back to his previous remarks about a strong dollar and his support of things like Bitcoin and other things. And there was this feeling that, oh, well, the dollar is going to be strengthened. That was at least some of the press release that was out. But if you're following any of this or paying attention, you know, the Trump administration, Trump himself has talked about the need for a weak dollar. The whole premise of everything that if there is a strategy here at all, the strategy is just a weak dollar and the, you know, the berating of Jerome Powell for not lowering rates over the last year.
Starting point is 00:02:16 You think that the new nominee is not going to just lower rates? I mean, that's where we're going. We're going to lower rates. We're going to print. We're going to expand the money supply. That's the entire system is built off of that. So I thought that was a false narrative that was launched. That pulled the price down a bit.
Starting point is 00:02:36 But honestly, I think the system itself can't handle these prices the way that they are, David. I'm seeing it on my level. You know, the wholesalers are now not even locking trades anymore. You can't get liquid for seven to ten days. It's a three to four week window to get paid out at wholesalers. The whole system is cracking because everybody's trying to sell. at once. And of course there are buyers. You know, the average buying from central banks of gold alone last year was 27 tons a month. 27 tons a month in the year of 2025. So no, none of the demand
Starting point is 00:03:15 is going away. All the fundamentals are there. All the demand is there. But it's bottlenecked and the prices are inviting, you know, the speculation to sell and to trade and the whole thing. Even the London Exchange last week, quote-unquote, air quotes, you know, they shut down because there was an internet issue or something. You know, they just shut down because these prices, you're swinging all over the place. You can put you out of business. Yeah. And I think, I think the stress on the market is definitely showing up. But the prices will go back above $5,000 in gold for sure, $100 an ounce silver. We finally broke the paper market is breaking. Yeah. And so there's a lot of factors here. when people feel like, oh, well, it's
Starting point is 00:03:58 the dollar's fine. Like, that's the sentiment from like the Wall Street, you know, the people that watch CNBC. Like, oh, well, the dollar's going to be fine because now everything's going to come out in the warsh. You know, we're going to put everything through the warsh. It's going to be fine,
Starting point is 00:04:14 and it's not. So they may sell off positions in paper or do something and move, do profit taking in gold or silver and then get into, what, AI stocks or I heard the last segment that you know you're bringing in the show. Where do they go?
Starting point is 00:04:30 Where do you go? And, you know, we can talk Bitcoin and other things. I think there's just a lot happening right now that are not normal market conditions. And, you know, I'm just happy to be here and still survive it. Yeah, congratulations. You smell on my toes. That's crazy. Well, you know, again, I've been saying that White told Trump does his pick. Now, he picks somebody that I think is, you know, warsh, I think is going to be a white
Starting point is 00:04:55 Warsh of what he really wants to do, right? But we've seen Trump do this kind of stuff before. Oh, look, he's got Cash Patel and Dan Bongino. Now we're really going to see the FBI get honest, really? Right. So you think that anybody thinks that Kevin Warsh is going to be honest with this stuff? We think that he's not going to do exactly what Trump wants done. You haven't been paying attention to Trump or anything else. Trump even joked. You know, I'll file a lawsuit if he doesn't lower interest rates. Even joked about it already. That's right. You know he's going to lower interest rates and also
Starting point is 00:05:29 probably do quantitative easing as well. You know, Trump wants easy money. This is the big print. I mean, and the book by Larry Lepard, you know, he put this thesis out a couple of years ago. It's the big print. And it's one big massive push before they reset the whole monetary system.
Starting point is 00:05:47 And I think that's what we're being primed for right now. As I was saying to you off air, these little sign post on the road if you're paying attention. Tether has $187 billion market cap. Now, what does tether do? Tether, if you want to hold a digital dollar, it's tethered to the dollar. Yeah. You put in the system and they go buy treasuries or they'll buy gold or do something. It backs whatever one-to-one that you do. And they've had huge, they buy gold like a central bank now. They have Bitcoin holdings.
Starting point is 00:06:24 So just that one stable coin, $187 billion market cap. And again, stable coin is, I think, it's like the masked ice agents or something. This is the mask that pretends that it's not CBDC. But it is CBDC. It's got all the characteristics of CBDC. They made sure it had it. But it is Larry Lucknick, also a friend and pal long term post pedophiles. conviction even. Larry Lutnik, a big pal of Jeffrey Epstein, and Tether is his baby, and he's now
Starting point is 00:06:59 our Commerce Secretary. What? You know, we look at this. We've got a Treasury Secretary who is a Soros's right-hand man. We've got Larry Lutnik who has been Jeffrey Epstein's right-hand man and working on the tether coin and the stable coins and stuff like that, which they want to move us into the previous Commerce Secretary that you had. from the Trump administration was Wilbur Ross, who was a Ross child agent all of his life. Does anybody get a clue? What's going on with the Trump regime? I mean, it's crazy, isn't it?
Starting point is 00:07:34 One of my favorite memes in the last few years is just it shows the earth and there's an arrow pointing towards it and says, you are here paying taxes to pedophiles. And it's like, it's just if you want to know where you are. And I always thought that was fun. But yeah, when you dig deep enough and you find the roots of all these things, it's why people have always been, I mean, you'd be skeptical of anything that mean, gold's manipulated, silver's manipulated. Bitcoin, maybe not its origin, but, you know, somewhere along the way.
Starting point is 00:08:05 And maybe for nefarious purposes, things have happened to Bitcoin or steered a certain way. That's certainly a potentiality. And, you know, I see the interconnected of us all. There's no white night in any of this. I mean, but at the end of the day, we're in a monetary shift, historically the life, which has never been seen. We've never actually gone through what we're going through now. There's no other historical precedent that's been set to see a world reserve currency diminish the way that it is like the dollar's doing. And this monetary reset happening with all the other countries banding together and gold reclaiming its place at the same time.
Starting point is 00:08:47 It's, I think, a race to figure out where value is. So everything's being repriced and sold off and bought off. And I think even manipulated for reasons for accumulation. So we can certainly get into that. And then, you know, the reason we focus on physical possession of gold and silver is because you got these people like Epstein and Larry Fink and the rest of them, were always coming up with these devices to try to take everything from everybody. And that's the fundamental part of the great taking, how they, have gone through and changed the UCC definitions and the hierarchy of if there's a major financial
Starting point is 00:09:23 collapse, the hierarchy of who gets to keep what. And it turns out that if you think you own a stock or a bond, you're way down the list. The brokers are going to get paid. The bankers are going to get paid. You're probably not going to get paid because you're further down the list if there is a great financial crisis that they have engineered. And so that's what's really behind all this stuff. That's why you've got to get physical with things. And we've talked for the longest time about paper gold and paper silver, but again, they're pushing so hard on tokenizing and securitizing everything. And it's just the 2008 mortgage crisis on steroids. They take real things like real estate and houses. And they put it into this kind of artificial construct
Starting point is 00:10:07 that they've created so they can manipulate and steal things from people. It's just amazing. Got a couple of questions for you, Tony. Radis Bro, thank you for the tip. He says for Tony, now that the mystery of Bitcoin is over, and I don't know that we know the mystery of it, but certainly we can see the structure, the organization, the funding, the political stuff that's there,
Starting point is 00:10:28 and see how that was all kind of centered around Epstein and these elites that are focused around him. And I mean, it's not just that he's one of the elites and he's partying with him. I mean, he's putting this together with the guys that many people think actually were Satoshi Nakamoto, the pseudonym, you know, a couple of guys who were developers. He's putting this stuff all together.
Starting point is 00:10:47 Anyway, he says, so what do you think is going to happen to Bitcoin? Maxis. Will they sell and change their grift? Or they keep the Bitcoin grift rolling so they don't get poor. What do you think is going to happen with that? I don't think Bitcoin's going away. I think, I mean, honestly, I'm a bit agnostic on all of this. I look through a lot of the stuff that dropped.
Starting point is 00:11:10 And there's some people that I follow that I've, seen analysis on as far as with the Epstein involvement. He was a donor to MIT. So he's donating to these departments where they were working on Bitcoin in its infancy. It passed the publishing of the white paper and the first transactions that were done like January 3rd, when Bitcoin came online. And of course, you go back to the white paper came out on Halloween, actually, in October. October 2000.
Starting point is 00:11:43 That's kind of a significant considering Epstein. How is it cultism and everything? They have, I mean, it's 1-3 and 1031 and some other key dates in Bitcoin. And you have the first pizza. They bought the pizza with it and everything else. But I don't think that Bitcoin is going away. I don't think it's going to completely tank or anything like that. I think, honestly, I'm wondering if there's some triangulation.
Starting point is 00:12:12 all of this for more accumulation at a lower price. I mean, we've seen that it can easily get hit $100,000. It'll go back. I think it'll be back above that sometime this year, maybe next year. But it has, I think it has a story yet to tell. There's nothing like Bitcoin. So, I don't know, that remains to be seen. I could be wrong, by the way.
Starting point is 00:12:38 I could be wrong. And I've always said that about my stance with Bitcoin. Because fundamentally, I think what Bitcoin has done, if it does nothing else, even if it goes to zero right now, even if it crashed and became worthless, it changed a lot of people's minds. The people that actually started to look into it and look into the reasons why, or supposedly the reasons why the entire network was put into place and what the philosophy of Satoshi was and what it was built for. You know, this is after the 2008 crisis and started, you know, bailing out the banks too big to fail in jail and all that stuff. And this was, that was an unprecedented government, you know, printing of currency and that link between the central bank and the government and all the rest that was happening to the money supply and the corruption. So I think Bitcoin changed minds. It definitely changed history.
Starting point is 00:13:36 So we'll see what happens with it. I don't think it's going away, though. Yeah, yeah. And, of course, many people talk about the hijacking of Bitcoin, how it started out as a replacement for currency and for money, but then they turn it into something like a commodity. And then you get the people like Epstein and Larry Fink and these guys, and it looks like they want to take a Macuffin and securitize it, you know,
Starting point is 00:13:58 make it into a token. And so it's a, it is, I look at it and it's just like, no, there's just too many layers and too many people like the ones who brought us 2008 involved. It's a hard pass for me. Another question for you. February 27th is the start date for the deliveries of the March contract. I've seen videos where they claim there will be a default. Is this true or is this AI generated garbage? Does Tony think there will be a default of the comics with March being a delivery month? What do you think? I think it's unlikely that there will be some massive default across the board.
Starting point is 00:14:35 And it may be right now, I mean, these large institutions, you have to remember, they've got much more sophisticated equipment to run simulations and they've got Intel and things. And they'll be moving stuff around to try to avoid anything like that. But it is, I mean, it's possible, but I would put that as a very unlike. There's so much garbage floating around about gold and silver right now. There's so many grifters on the, on the, people send me stuff all the time. You know, I've seen, people send me stuff like, hey, these dealers all over the country
Starting point is 00:15:09 saying people are lined out their doors buying silver. And I'm like, really? Because I have two shops and two states. I don't see any. What are you talking about? And then they'll send me stuff about, oh, did you see Trump is going to put silver as some sort of like securitized thing and put it into the strategic reserve? and all Americans must turn in their silver.
Starting point is 00:15:31 I've seen so much stuff floating around some people can get clicks. But that might be one of those, one of those little drops, you know, about the Comax. You've got to be careful of any of that stuff, or either doom or gloom or if it's high in the sky. It's kind of a middle road. The metals markets are insane right now. That's right. But I don't think they're catastrophic, and I don't think we're going to have this massive plunge either way. Yeah, a lot of people are looking at this and, you know, saying this is the end of paper stuff
Starting point is 00:16:04 because you've got the large exchanges are scrambling around for actual physical gold and physical silver. Well, that's right. I mean, and that game has been played so long, but now it's, I think we're stuck. I've mentioned before the stepped out of the realm of where markets took us in the past. And we've entered into governmental. financial warfare. You know, this is between governments and large institutions.
Starting point is 00:16:32 It's between militaries and their developmental arms and things of, you know, strategic stockpiles and things for both metals, not just to the monetary side for gold, but the industrial side for silver. So we've crossed a boundary that is no longer about just market forces. Yeah. So what we're way beyond that. That's right. Yeah.
Starting point is 00:16:55 So, you know, when we look at the push to try to get everybody into stable coins, I think that's going to be a big part of it as well. But, again, the physical aspects. We've got a couple more questions here. Steve Ez says, we need to know, is Tony buying metals again? If so, why? And if not, why? I never stopped. There was one.
Starting point is 00:17:18 I paused on Friday of last week in the afternoon, just because I did know the prices kept coming down. so fast I couldn't I couldn't lock prices that's so we're we're literally flying a little bit blind right now I can't lock anywhere I can't so no host sellers will lock my price if I get one to lock it it might take me a month to get paid so there's a there's going to have to be some changes I'm just rolling with the punches but no wise wolf is still available to to buy product but I would I would ask people why are you selling if you don't have to I wouldn't weight, you're going to get a better premium. Let this market stabilize. The reason that dealers are having a hard time paying out near spot like we used to, I'd be happy to pay out near
Starting point is 00:18:08 spot. It's a happier customer. The problem is, is that there's nowhere to sell it to. And if you try to sell it, like a lot of the places that used to give quick turnarounds, they're not liquid. So you can't get out. And so these dealers are buying it 20, 30 percent, under spot and people are mad at that about that. Well, if you don't need to sell right now, don't because what will happen is all that bottleneck will get worked out. All the contracts will be filled and everything will be fine again. And the premiums and the buying percentages will come up because the market will stabilize.
Starting point is 00:18:43 So I think selling right now is a bad idea if you don't have to. Yeah, I agree. Trump Burger, what are Tony's thoughts on the gold and silver ratio? It's starting to correct into its natural territory. I've read about this for years. I think we've just had this weird upside down mismatch of what the gold-silver ratio is supposed to be. History shows us it's between 10 to 20-to-1
Starting point is 00:19:15 is about the way that you should price gold and silver. That's the way history's always been. We were 16-1 at the founding of the United States up until 1933. it's estimated that it's 17 to 1 geologically. So there's 17 ounces of silver for every one ounce of gold. So there's a natural component. I think it's finding its new balance. And I think what see, the paper market has always done this.
Starting point is 00:19:44 It skewed the gold-silver ratio so drastically that it was just ridiculous. At one time, it was 125 to 1. Wow. And that was the first quarter of 2020. And at one time, you couldn't buy silver for that price, by the way, because people were calling, I think it was $12 an ounce. And people were calling me, say, I need to place an order for silver. I'm like, there is none. I can't lock it anywhere because nobody wanted to sell at that price. So it's funny, you'd have a market saying, this is the price, but there's literally no supply. And that's when I started going way, wait a minute. So you're, and that's the, that's the, manipulation of the paper. Now it's just chaos everywhere. It's like you could have short supply and everybody wants to sell. And so it's so upside down and all over the place. I think there's just and the main reason is is because we're seeing like the rapid decline of the dollar and these other nations moving out of the currency into something else. Yeah, as I said the beginning of this week, and I've had the big sell off over the weekend, I said this is a
Starting point is 00:20:54 another Yukon-Kornelius buying moment. Because the fundamentals haven't really changed. You know, markets will panic and, you know, everybody will get wind of something and they'll go run, chase it. And I remember there was, we bought a dog for my aunt once. And we, because she loved dogs, but she just wouldn't make the leap to do it. And we knew which kind of dog she liked. And so we went to the breeder and they had a whole bunch of these dogs.
Starting point is 00:21:23 It was like 10 or 15 of them or something. And they're like little Scottish Karen Terriers, I think is what it was. And they'd come around and they were all kind of feisty. And one of them would think that he heard something in the corner of the yard. And he'd go barking and running that way. And the rest of them would just follow him like a mob. And they go run and they all go over there bark and then they realize there's nothing there. And then one of them thinks there's something in the other corner of the yard.
Starting point is 00:21:49 And they all go running and just going back and forth. And I said, this is like the stock again. exchange here. You know, this is a one person thinks they see some, they all go run for the exits, or they all go run to jump on board whatever this thing is, and then they start chasing the next new false signal that's out there. So there's a lot of volatility that's going on here, but the fundamentals are still the fundamentals. The things that have fundamentally been driving this over and above any kinds of market manipulations, those things are still there. The stuff that you and I have talked about for the longest time, the financial system and the loss of
Starting point is 00:22:22 trust in the U.S. dollar, the massive federal cumulative debt that Trump doesn't care or talk about at all. But he keeps stoking it more than anybody. And again, he set us on a whole new path of debt accumulation in 2020. Biden kept that same rate up and so has Trump. He added another $2 trillion last year. We're going to be up to $40 trillion by the fall at the current rate. But I think he's probably going to have some new big spending programs that are going to happen before then. And so again, that's one of the reasons why he is so focused on the interest rates because the service charges on that debt are so crushing. And it's going to wind up taking such a huge chunk of the entire federal deficit. But something's got a break. It's not based on reality. And so I think
Starting point is 00:23:11 that's the key thing. And the other key thing to think about is how these people have manipulated these investment structures. Stocks and bonds have been manipulated. And I'm not talking about them orchestrating a buyer or sell to move the market in different ways. I'm talking about how they have gone through and changed the UCC code so that when they create a giant crash like they did back in 2008, they can go in and take the title to your securities and your stocks and things like that and how they don't want to just stop there. They want to tokenize everything so they can do that to everything. That's the key thing.
Starting point is 00:23:45 That's why physical is so important, isn't it? You're absolutely right. and it becomes more and more apparent that counterparty risk is a risk that you don't want to take. It needs to be a very small portion of whatever you do. I mean, just for the sake of transparency, every day, I use cash app and I buy a little bit of stocks. Like a time, we're talking like a tiny, like lunch money. You know, I'll just, I'll not go out to lunch that day and I'll pay for, you know, whatever stocks I buy. And I'll buy some petroleum stocks.
Starting point is 00:24:17 I know a great friend of mine that I grew up with. know the company he's an executive for. So I trust that company, he's going to find some oil. And I buy a little bit of that and some silver mining stocks. But we're talking like nothing. Over time, it can compound it. But I'm not going to, I'm doing that with the full knowledge that I might not be able to cash those things in.
Starting point is 00:24:37 Or they can just inflate the amount of stock that they have. I mean, they literally can do that. That's just something that's always been the case. So you can get a little bit of a return on that. But where else do I put the majority of my, of everything? else that I do. It's either in my own business, something I can see, that I can hold, that I own, that is in my possession. I want less counterparty risk, and it may not be as fun or as exciting or thrilling, and you may not get these big returns the way that you possibly could get in the
Starting point is 00:25:10 traditional markets. But I don't think that in this environment, with as many crooks as we, as, I don't think it's unprecedented, or at least they're just not as smart as their predecessors to cover up their crimes and follies. And we just got a lot of crooks running stuff. Oh, man, they are really unbelievable sharks. You know, you're looking to people like Epstein and Fink and so forth. I like this comment here, Tony. This is Mammach, 1996. My unmarried daughters are buying medals, so when they get married, they'll be able to stay home and homeschool their kids. Now, that's long-term thinking. That's a great idea. And that's the way you need to be thinking, you know, buy and hold strategy, and just to prepare for rainy day because storm clouds
Starting point is 00:25:54 are on the horizon. They really are and have been for quite some time. Well, they really are. And again, those fundamentals don't change. We can't stop the collapse of the system that is, I think, it's inevitable. We can't stop. Now, what's it going to look like? Does that mean it's Mad Max and, you know, it's the apocalypse or anything? I don't necessarily think it has to. to come to that, but there's so many scenarios on the table, and we can't control that outcome. You can control what you can control. Your ability to make good decisions based on the information, not what you want to believe. That's the hardest part about living in this environment. Because by design, I think the dichotomy is so stark, you know, between the left, right paradigm
Starting point is 00:26:45 and then people that fall into the Fox News camp or the MSNBC camp or whatever they are, MS now, whatever it is now, it's become even, I think, more solidified. And that's really shocking because there's so much to understand about our current reality that just gets missed by the majority now because you have to pick a side. And what if both sides are wrong? That's where I think what we talk about is like the agenda is just, to know the truth. And if I have the best information, I can make better decisions, not what I want to believe. You know, it's just like I put Bitcoin on my logo, right? I know for Texas. And Bitcoin may
Starting point is 00:27:27 have a, it may crash out. It may be, I've always said this and I'll write it to zero. It's fine. I can be wrong. But if I, if I see information that changes my mind, I'll make a better decision. You know, this is, that's where I try to be as pliable as I can. And I'm definitely done. a cultist around precious metals either. You know, there's, there's going to be drawbacks and there's going to be downturns in any of these
Starting point is 00:27:55 markets. It's, we're living through crazy times. Think about this. It took 45 years for silver to break its all-time high. And then once it did, and this is just last year. And then once it did, because we'd always talk about it, you know, this was the all-time
Starting point is 00:28:12 high of silver. It's 45 years. And then it hit, and it just brought, and then it just went off to the races. Yeah. So we never, and nobody predicted that, by the way. Like, not really. I mean, the people, like, in an abstract way would say, these are the prices.
Starting point is 00:28:28 It'll reset it some time. But nobody's sitting there going, oh, and, you know, January of 2006, nobody. Well, you know, that's the thing. Gerald Slenty always says this as well. That's what I like about you and Gerald. You don't get, don't let them put you in a box because then they've got you boxed in and they're going to take you in a certain direction to a certain thing. But as
Starting point is 00:28:49 Joel Slinty says, I'm just talking about trends and goes, this is what I see happening. I don't like it, but I'm not going to deny the reality of it because I don't like it. And that's the key thing. You know, we look at this. I never had any love of gold or silver. I was never a coin collector or anything like that. But when you start seeing what is happening with the government and these other financial things and you see all these scams on Wall Street, just one of them, after the other and huge scams where they lay these things out and work on them for decades and then you know take everybody down it's like i just want to get away from these financialized uh sharks that are up on wall street and on uh at geoffrey epstein's island and all the rest of the stuff
Starting point is 00:29:33 i want to get away from these people and that's why i look at something that i can physically hold and get away from these structures get away from the banks as well and so that's a key thing i think I'm with you 100%. And obviously that's what I do. And I think it'll pay off. And then it's maybe not as exciting, some other things, but it's yours, you know.
Starting point is 00:29:59 And yeah, there's somebody, one of your listeners called me yesterday. I was on my way to the refiner in Dallas and asked me about 90% U.S. silver. It's like, why would somebody buy that right now? I was like, well, for me, you're buying it a spot. I think it's one of the most underrated things because people got mad when they go to sell it.
Starting point is 00:30:17 They're like, I'm not getting anywhere near the melt value of this silver. And I'm like, because everybody's trying to sell it once. If you would just stop doing that, if you hold on, it usually has a higher premium than everything else. There was one time, there was times we were able to, we were seeing $10 disparities on price per face dollar in normal markets. So if you had a face dollar is 10 dimes, four quarters or two half dollars. And I remember thinking, wow, that's just a crazy premium because we would sell stuff way below the premium. And I'd see that all over, you know, J.M. Bulliam and Atmex and other places. And so this inversion that's happened where it's just so much hit the market.
Starting point is 00:31:02 And then people are mad. They're like, well, that 90% didn't work out for me. It's because everybody is trying to sell it. If you just hold on, you'll actually have a better asset. And now is a great time to buy it. honestly. And that's what, by the way, that's what I did. So, and because I know on a long enough timeline, you know, that silver quarter or silver half dollar is going to go a long way. You know, so it's, we're just pricing things in dollars. We're trained to do that. We grew up
Starting point is 00:31:30 with it. You know, that's the thing about zero hedge. That's kind of their timeline, you know, a long enough timeline, there is zero hedge. In other words, we're all dead, right? Right. Which is coming from a, a site. that's not known for its Christian perspective or anything. You know, it's pretty good. You can't head you get some things. It's a quote from the movie Fight Club. Oh, is it?
Starting point is 00:31:52 That's where they got that. That's why the guy's name is Tyler Durden on Zero Hedge because that's a quote on a long enough timeline that survival rate for everyone drops to zero. That's what they got it. It's based off actuary tables and insurance. Yeah, yeah. And I never saw that movie.
Starting point is 00:32:08 I guess I have to go back and see that movie for the cultural references. I don't know if you'd like it. It's one of my... Yeah, it didn't look like anything I'd want to see, but there's so many cultural references. David, but definitely one of my all-time favorites from my youth. It's a Generation X movie, for sure. Yeah, yeah, okay. I don't know.
Starting point is 00:32:27 Did you ever see it, Travis? He's not. He said yes. So I guess I'd just get him to tell me about it. I spare myself the time. Yeah, you just get the cliff notes from Travis. Don't, I don't think I'd just sit out. I could ask Grock to summarize it for me.
Starting point is 00:32:41 Well, let it hallucinate a little bit and make it more interesting. I don't know. Well, thank you, Tony. I got a quote here from Guard Goldsmith from earlier when we were talking about Bitcoin. He says, well, I know who invented gold and silver. He invented other elements as well. That's true. It's been around forever.
Starting point is 00:32:59 That's absolutely true. Well, thank you so much. And it is a crazy environment. And I don't envy you at all. But hang in there. It's probably going to keep up for quite a while. You're going to be able to give us all advice when the dollar steps into hyperinflation. You'll tell us a little bit about now you managed during the hyperinflation of silver and gold.
Starting point is 00:33:23 I just want to last. I just get there. I just want to endure it. That's right. So you're getting some valuable training for when we all go into the situation where you're going to the grocery store and all of a sudden that loaf of bread has gone up while you're in the store. And then it goes up before you get out of the store again. So I think it's closer than we think. Thank you so much, Tony.
Starting point is 00:33:46 Again, Tony Arderman, Wise, Wolf, Gold, and Silver. And a key thing like he's talking about there is the averaging of the cost, of the dollar cost averaging by gradually accumulating things over a period of time, making it a savings program to start to get away from this corrupt system that we've got here. I'm trying to get something that is going to be not as easily manipulated. They can manipulate it, but I think we're at the point right now where paper gold and silver is going to be exposed for the fraud that it is, for the derivative that it is. And I think that once that happens, that's going to take away some of their tools to manipulate
Starting point is 00:34:21 golden silver. I think that'll be a good thing. But anyway, wise wolf gold and silver, and you can get to them through David Knight. Dot gold. Thank you, Tony. Appreciate it. Thank you, Dave. Have a good day.
Starting point is 00:34:32 The common man. They created common core to dumb down our children. They created common patterns. to track and control us, their commons project, to make sure the commoners own nothing and the communist future. They see the common man as simple, unsophisticated, ordinary,
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