The David Knight Show - INTERVIEW Tony Arterburn - How Election is Likely to Affect Precious Metals

Episode Date: October 31, 2024

Tony Arterburn, DavidKnight.goldBRICS influence on commoditiesCentral bank purchases projected to soar predicts major bankWhat is likely to happen to gold, silver, bitcoin post-election both near term and long term?Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverIf 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.

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If you have questions or concerns about your gambling or someone close to you, please contact Connex Ontario at 1-866-531-2600 to speak to an advisor, free of charge. BetMGM operates pursuant to an operating agreement with iGaming Ontario. It's great to have you on. Always interesting to talk to. And right now, everything is really changing

besides the election and the effects on that. I had somebody send me this article. St. Louis Fed releases an article on why a gold standard won't work. They said it's because of gold's lack of a fixed supply is a significant problem. It's like, what? What are they talking about? You just need to be able to manufacture as much of this stuff as you want. And so they say the supply of gold is not fixed.

Well, it's a lot more fixed than the supply of their paper money isn't it it's amazing to see that argument that's an interesting observation uh the fact that gold is is not fixed makes it their problem and uh i think our founding fathers would uh would disagree with that i think history is going to judge them and disagree with that did you see the uh press conference conference where Janet Yellen was asked about, is she worried about the dollar losing the world's reserve currency status? And when the question was asked, the monument for the treasury department fell off the podium. Did you see that? I didn't see that. I didn't see that. That's great.

It was only a couple of days ago. Yeah, live. I mean, she asked about tariffs and then she was asked about this. Do you have any anxiety about the dollar losing the world's reserve currency status as soon as the question was asked the literally the treasury seal fell off the podium and janet yellen just looked kind of dazed and around the place i'll have to send it to you it's very apropos then dagon falls over and the head breaks off. And it's crazy. That's crazy. Yeah, something that's a sign for us, isn't it? Well, when we're looking at what is happening with this election, there's a lot of uncertainty about that.

But, of course, I think everybody understands that nothing is really going to change afterwards. I mean, nobody's talking about any fixes for inflation. I don't, I'll be surprised if we got a fix for the wars, but certainly nothing to stop inflation. As a matter of fact, both of them are looking to increase spending and, you know, as they hand out tax breaks to various other people. So all the fundamentals are still going to be there, I think, after the election, right? Oh, absolutely. And I mean, we're looking at an all-time high for gold. It hit $2,790. And really what that is, is that the currencies around the world are losing to gold. I mean, they're printing more, the governments, the central banks are printing more, it's devaluing

their own currencies. And against gold, which is a fixed asset, is a commodity, is a precious metal, is finite, and they're losing against that. This is something that's happening. It's not just in the United States, but worldwide. And we're going to continue to see gold prices rise. And they're not really rising, though. I mean, again, it's currencies are falling against gold. And, you know, it's interesting. I was reading that since the invasion of Russia, by Russia into Ukraine, and the sanctions that were placed, central banks have bought five times more gold. They increased their central gold bank purchases by five times. And every time that 100 tons of gold gets bought by the central banks, the price of gold goes up between 1.5 and 2 percent and this has been steady

for the last two plus years i think we're only going to continue to see these trends because again uh uncertainty geopolitical tensions and really the failures of of governments to have any sort of fiscal sanity in the face of reality and we're going to have i think a reset of prices uh globally yeah oh yeah absolutely and you know when you look at what is happening with the bricks uh that is only accelerating and it's going to be that competition between these two economic systems i think that's going to continue to drive uh the accumulation of that in addition to what you always talk about the fact the massive debt accumulation that we've got globally is not going to go away.

So all of those things, you know, the trying to set up different standards, trying to get themselves to be trusted by more than the other system, that kind of competition. I think all that is going to drive, continue to drive gold accumulation by the central banks. Yeah, that's, this is the trend that's going to continue. Nothing's really going to derail that. And regardless of what happens this coming Tuesday with the election, gold and I think Bitcoin will continue to rise.

There may be, you know, I mean, short-term differences depending on which candidate makes it across the finish line or what's selected. But I'm just looking at the bigger picture here. And the trend is worldwide uh countries like the bricks nations moving away from the dollar the dollar's in trouble we're going to see a continued loss of purchasing power with the us dollar people are going to move into gold and that's going to continue to what appears to be driving prices higher really what it is is that currencies are falling. Yeah, yeah. You've got CBDC and all of the climate stuff of the BRICS manifesto that they released. I mean, they're fully on board with everything from the UN and all the rest of them.

So we've got two competing systems, except it's like the two competing parties that we've got here in the United States. We've got Democrats and Republicans. We've got the BRICS system. We've got the Western system with SWIFT and all the rest of this. And yet both of them are embracing this full-on digital ID, the CBDC, and all the rest of this stuff at the same time. I just look at it, and the only thing that I see is that they're both going to be trying to shore up their credentials by buying gold. And that we don't want to be a part of either one of these systems. We want to try to be a part of either one of these systems. We

want to try to be outside of it. And we should be trying to shore up our independence as well with gold, I think. You're absolutely right. And it's like talking about politics here in this country. If you start criticizing one party, they assume you're for the other one. So if I start talking about what the BRICS nations are doing to get outside of the Western system, the U.S. system, the dollar and de-dollarization. They assume that I'm cheering for BRICS, which is ridiculous. I'm not. I sympathize with a lot of their ideology and where they're headed and their strategy, getting out of the SWIFT system and utilizing their own cross-border payments. I think that's great. I like decentralization.

But I think it's an opportunity for all of us to look at less being outside of the system, being your own bank, learning how to do that, because that's the opportunity in the crisis that we're facing. I mean, it's never going to go back to the stability that we had relative after the Cold War. There was maybe 15, 20 years where it was decently smooth for the economy. The dollar stayed pretty much the same, and there was a slight inflation, but it was manageable. Those days are done.

You just look at the damage done. You were talking about it last week. It's not just going a trillion dollars in debt every 100 days. It's closer to 2.5 and uh you know how do you manage that i mean the interest on the debt and paying that is over a trillion dollars a year it's just unsustainable you know debt to gdp ratios they have to create a monetary reset and they they're doing that and they're telling you they're going to do it the last people to know will just be the regular folks and that are just walking around thinking that you know they have normalcy bias and and we all do to some degree but i think that's that's really what we need to take from this not necessarily join a team

and i'm for bricks or i can't wait for them to do whatever um you know and there's speculation you talk about gold being a fixed asset that ideology has to die off. I mean, this is modern monetary theory, as you point out all the time, the magic money tree. This is like just establishment thought. It's pervasive in all of the economists that run academia and so much of the politics. And this experiment that we've been in since 1971, it will come to an end. And it's not that the dollar is going to go to zero, I think, or you'll have wheelbarrows full of cash to buy a loaf of bread or anything. I'm not an alarmist, but I think you'll just start to see that the fix is in. People will start moving away from things that are too much counterparty risk, or they see that they've got to get their

cash out of the bank or out of savings, and there's no yield on it. There's no return in these CDs anymore because of interest rates. And you see them you know buying assets whether it's land uh you know whether it's precious metals or something like bitcoin that will be the trend um moving forward and it's nothing i can do about it i mean i'm necessary i'm not even necessarily cheering it on um unless people are learning so if people are learning about what happened and they can make better decisions, and I applaud that, it shouldn't be out of fear, but it should be from education. Oh, absolutely. Yeah.

If we get into inflation or something like that, you know, again, if you can get some money into gold, I think the end game of this, the great taking all the rest of the stuff is to say, well, we've got the debt. It needs to be paid. So we're going to confiscate your mortgages or anything like that. So to the extent that as the inflation kicks in, perhaps gold is going to be relatively worth more,

and that might help you to buy off some of these things to keep them from getting confiscated. That's one aspect of it. I just want to have the privacy, uh, having some medium of exchange that is outside of their system. I've got a question here from atomic dog says, Hey, Tony, is there an end in sight to this long run up on gold and now silver seems like it runs up, then there's some profit taking, then it runs up some more, it seems to be the cycle.

I think that's a great question because you wonder where I got the, how the, well, we hit an all-time high again yesterday. And I assume that if history is my guide, I mean, first, you know, it was from 2011 to 2020, there was no all-time high. So let's just talk about that. And then from 2020, it took to 2022 to hit another one.

Now, again, we're hitting it every other week and sometimes multiple times in the same week. So I think what you'll see is you'll continue to see this trend where gold will go up. There'll be some profit tanking. It'll pull back a little bit. Same thing with silver. But there's a level here, I think, when the paper gold and the ETFs separate from the physical gold, when the demand continues to go up, which we're going to see from central banks. Like I said, it's gone up fivefold since 2022. That's central bank demand. That's only going to increase.

So I think that, you know, watching it go up and then the profit taking, that's going to continue. I don't think we'll see any cratering. I don't think that it'll, you know, you're definitely not going to see $ two thousand dollar gold again unless there's an absolute Market crash but that'll only be temporary I think there'll be a more consolidation in the the gold price we're heading to and this is not just me saying this but I think I think it's a conservative estimate to be at three thousand dollar gold in 2025 again not financial advice not about investments i'm just telling you where it's going to be against the dollar and against other currencies the real story besides gold and i think even eclipsing gold i've shared this with you i think a couple weeks ago but it was a game changer

the russian government putting silver and platinum and palladium on their strategic reserve asset list and really putting silver out front there's something to that and this is a big move um really no government since the pre-communist chinese were heavy on silver for strategic reserve assets russia moving into that i think just underscores that silver truly is the most undervalued asset in the world, given all of its industrial uses and medical uses and then monetary uses. And the fact that it's under $34 an ounce is extremely cheap, given its history. I have to remind people, $52.50 in 1980, I know it was a bit of an anomaly, but that had to do with the Hunt family buying physical silver. And nobody's done that since.

They were punished by the deep state. I mean, they were run through the mill for that and, you know, I think targeted financially because they exposed the weakness of the dollar. So I know the trend to me is up. There's always it doesn't always go up and to the right. But the trend for both precious metals against the currencies worldwide, I think, is going to continue to go up. And, of course, you're talking about the $50 silver. Gold was around $800 or something like that as well around that time. And about what would that be today if we did that for inflation?

Well, at least $4,000 or $5,000. Yeah, yeah. So, you know, when we look at this, the fundamentals, and I think the reason that there is some profit taking, but it continues to trend up, is because the fundamentals are that they're not going to do anything about the spending. And they're not going to do anything about making, you know, printing more money and inflation and all the rest of this stuff. And it doesn't matter, you know, which one of these two teams gets in. That's the way they're going to run it. I mean, we look at what the Lala team is talking about, the Green New Deal, endless amounts of money being spent on this fantasy, talking about reparations. And then on the Trump side, he has absolutely no aversion to debt whatsoever.

And we saw that in 2020. Yeah, you know, just, you know, do a bill three and a half trillion dollars. And Hey, if you oppose that, you say anything, we're going to primary you out. You know, he said to Massey at the time. So he has no aversion to debt. Uh, that is something that he has used all of his life as leverage and he knows how to use it. He's very comfortable with it. He's the debt king. And so you're going to see that go up. And he's not even serious, Tony, about trying to limit the deficit. And when he starts talking about tariffs, he says, no, I'm just going to use it as leverage to get things to onshore manufacturing in the United States. So he's not really necessarily talking about increasing the tariffs. He just wants to use it as a leverage thing.

And that's the way he always used debt. He uses debt as leverage for the bank. So both of them are big spenders. Both of them don't care about any kind of, you know, responsible, balanced government whatsoever. And it's going to continue. continue i think what trump learned early on is that he amassed so much debt going into the 1990s that he was more dangerous to the bank than the bank to him and uh they needed him and he he really took him years um you know he had people like wilbur ross come in uh you know who's uh rothschild's agent and helped him to you know steer through that navigate that there was huge

losses of equity you know in the Taj Mahal, casino, all that stuff that imploded. And he learned, he called himself the king of debt. I think there was a fallacy in it, though, when you kind of use that, you can use debt to a certain extent. If you're in the private sector and you become that big, that's true. But you're talking on a global stage, David, with that much on the line and GDP and all of that,

the strategic strength of the United States relies on its currency. You start messing with that, that's very dangerous territory. So I would think that creating an environment where you could invite companies to come here and build things, you can use tariffs for that, but there has to be a combination of safety in the currency. You can't just bully people. You can't just say, well, I'm going to place 100%. He said this, he's going to place 100% tariff on a country that's not utilizing the dollar. Well, that's still weaponization of the dollar. It's just a different strategy by other means. So I really think those those uh type of strategies I'm all for trying something new and I agreed with what Trump said on the Rogan interview about William McKinley being

you know the tariff King and how well we did in the 19th century but it had there has to be this this debt issue and the currency issue has to be addressed you have to remember William McKinley had the gold standard yeah you know um that's you know that was the whole point of uh william jennings bryan running against him and saying you know the the cross of gold speech that we had such a strong currency they wanted free silver injected into the into the economy to to uh lower the purchasing power of the dollar to get people out of debt so that was a that was a populist uh uh you know political uprising if you will so crucify the country on a cross of gold you needed liquidity

from silver yeah right yeah that's where they hit the comstock low that's where you get you know um the first uh morgan silver dollar 1878 um you, it's coming out of that. There was a massive silver hit, you know, in Nevada. And then, so that's the populist, um, the banana that's right. That's the, uh, the TV show that Nixon would interrupt to take us off the gold standard. Ironically. Yeah. We went out to, uh, Nevada, the Tahoe thing. When the kids were little, um,

we went around some of those silver mines and everything that were out there. I to see where they'd film bonanza but you know we wound up doing the silver mines as well i was ponderosa yeah that's right the ponderosa they ran that thing for years they had the the cast the three of them um they set up a tourist resort around there but it's kind of deja vu to see that but yeah getting back to the to the silver standard we're not getting off on the tangent here um it is when you look at trump he's he's willing to do these uh very risky things and of course the bad he was able to use that as leverage but the bad thing was is that he bankrupted casinos and so the the bottom line is that he eventually lost the casinos what all he cared about with the rostow people was you're going to keep my name on the buildings, right? Until they completely go away.

And so if he's got his name on the U S he doesn't really care what's happening fundamentally with this stuff. I think it's going to be a very dangerous time, regardless of whoever is there. And, um, it is, um, because the same mentality is there with unit party on so many of these different issues, but especially on the fiscal stuff, there's not going to be any change to it. And we're talking about it, you know,

with, uh, uh, going back to, um, uh, his examples in the 19th century, the real issue was also spending,

right. And they're not going to stop the spending. They're going to continue to double down on the spending and just rearrange the deck chairs. Let me give a tax break to this demographic voter group over here. I won't put taxes. I'll make the policemen all tax-free, no tax on tips for waitresses. And that's the kind of games that they're playing. So it isn't going to change.

I mean, history shows us that great empires or countries rise on sound money and economic nationalism. They decline on fiat currency and free trade. Yeah. And that's where we're in that cycle right now. And until we hit some sort of wall, if you will, something that where the where the music stops and there has to be, you know, people have to get. We have to have a sober look at our our fiscal house. Everything's, you know, people have to get, we have to have a sober look at our fiscal house. Everything's, you know, up in the air.

There's no telling, you know, how bad it will get as far as what happens to the dollar or, you know, what kind of economic damage is done from just not getting our fiscal house in order again. This is something that's not, it's not in our politics. It's not in this election. It used to be. And it begs the question, like, what changed? Have they just decided to, you know, do a controlled demolition of this economy to replace it? Is build back better? In order to do that, you have to first destroy something to build it back better.

So that's really where my mind goes, because it doesn't seem like anything's being done to, to prop up, uh, the dollar or economy, uh, for a love of the road says, um, uh, Tony has said before he's referring to DGA about the Tomahawk missile, so let me put that up. The first, uh, DGA says, uh, David, can you ask Tony, if we go to war, we'll silver skyrocket. How much silver is an atomohawk missile? Uh, for the love of the road says he wants to say that there was about 100 ounces of silver in it was a monster 500 ounces 500 500 ounce it's a monster box it's a monster box which is 500 ounces of silver in every tomahawk missile

and uh i wonder how much CO2 there is. They don't care about anything. You know, they've got their goals and all the stuff that they're telling us is existential, life-threatening and all that. They don't care. I mean, their missiles are life-threatening. We ought to be alarmed about that. But they want us alarmed about CO2 and eating meat. It's just absolutely insane what we see coming from these people.

How are things doing in terms of being able to get supply? That was always a thing. You saw this coming. We could see what the fundamentals were. We knew that there was going to be this type of thing and everybody's going to be scrambling for supply. And you said it starts hitting all these consecutive all-time highs. I think that's going to be the issue. How are things looking on that side? It's getting harder to get, uh, supply on a consistent basis. And I'm really glad that I have the two physical gold and silver exchanges. Cause pretty much any one ounce silver rounds that I'm buying or coins or bars

or even 10 ounce silver bars, they all go into Wolfpack, you know, cause we have over 1300 members across the United States now. And we get orders out. Like if your card is charged, I'm getting that order out within 48 hours. And you got a tracking number for that. We don't keep, uh, we try to get the packages out to satisfy every order as fast as possible. And, um, it's been, uh, it's been tricky. I had to front end load a lot of wolf pack for that and just replacing the same items uh it's getting trickier uh and of course prices the price fluctuation david has been it's been interesting to um to keep track of to say the least you know when um gold especially you know with the price of gold going to where it is, just having to cover that, buying an ounce of gold.

So I'm built for it. I love what I do, but it is going to get dicier, I think, as time goes on. And you point out that question from For Love of the Road about is the price of silver going to go up if we go into a hot war? I think the price of silver is going up regardless. I don't, I don't think there's anything that can stop it. And we're about, I think we're,

we've reached really peak paper, silver, the way that that trades. And I've said this before, but I think it's estimated that for every 250 or so ounces of silver that's traded in the paper market, a one ounce of silver actually exists in the third dimension in the real world so physical one ounce to 250 ounce these things and this is going to uh come to a head eventually and I mean again there's another metric to this

too it's 225 million ounce deficit coming up this year it was over 200 million ounces last year so every time you run these you know uh 200 uh 200 plus million ounce deficits you have to take from the existing above ground supply it's not coming from mining so it has to continually come out of the above ground supply um you don't have to be a math wizard to figure that out that, you know, eventually just, you know, basic economics kicks in and we're just haven't reached that point yet, but it will happen. Yeah. That's the thing about the paper gold and paper silver. I had started accumulating that years ago, I guess maybe about 10 years ago and, um, you know, putting our IRA in it. And it was like, uh, then I, I know then the price started changing.

Well, you know, it was going horizontal for a long time like that. You didn't really notice anything. And it's like, oh, okay, this is easy and get a 10th of an ounce at a time. And then gold started going up and it didn't go up, you know, and they didn't start tracking it. And that's when I looked, I was like, what's going on with this? Why doesn't it track? And that's when I found out, oh, well, there's this thing called Shanghai Gold Exchange where they got it.

And it's like, oh, okay, so this is in China. So nobody's actually checking this to see if they got anything at all. I don't know what it is on gold. You said it's 250 to 1, your estimate of where it is on silver. I imagine it is easily that way. They create these derivatives, and it just lets them completely escape any reality and manipulate the price of the real assets as well at the same time it's crazy absolutely it's one of the reasons i think in the primary uh goal of bricks is to reset commodity prices with their own exchanges i mean

aside from the cross-border payments i really don't think when i read into this and they may have developed some sort of unified currency but i don't think so i don't think when I read into this and they may have developed some sort of unified currency, but I don't think so. I don't think those countries can agree on a real unified currency. I think it might be a unified payment system like Vladimir Putin was talking about the BRICS bridge system. But really, David, in my opinion, you know, reading what I do and looking into it, it's about the reset of commodity prices. They do not. It's no longer about, you know, de-dollarization. It's about the west in general the way the west has run its markets and um you know had a stranglehold on commodities

because in an era of fiat you have to control commodities against it if you really look at the historical trend to what happened in the 70s and you know this i mean you were there you're watching what happened with the rise in interest rates there was an alarm bell that went off in the night. You had Paul Volcker from the Federal Reserve. They raised interest rates to the teens. And why did they do that? Well, because the money supply needed to be contracted and the purchasing power was going down and inflation was rampant.

And then it reflected itself in the price of gold and silver. They put a stop to that. And it lasted for a while. You know, it lasted until I was about 2005, going into that era. It lasted until I was about 25 years old. And then this trend has been up and up and up and sometimes taking a dip. But now look at where we are now. And it really reflects the fiscal insanity and the and the the amount of uh currency creation the amount of debt

and then just just absolute irresponsibility when it comes to our budget it reflects in the price of gold and eventually you'll see it truly reflecting in the price of silver but you have to remember that the largest holder of silver in the world is jp morgan chase and jp morgan chase was convicted of suppressing the silver price and that's this gets lost on a lot of people why would you suppress the price of something that you primarily hold that's because you want to get more of it yeah that's what we saw during the real estate less attractive that's right it's what we saw during the real estate stuff i remember when that all kicked off, we had our neighbors refinance their home. The interest rates were very low and dropping and they got some equity out of it. And they thought, well, let's do that as well. And, but, you know, it was only just a couple of weeks and all of a sudden everything had changed. And it's like, what, how could it change that quickly? And said, well, this is being imposed from California. So I'm looking at it. It's like, so why would they manipulate the market like this to make the real estate less valuable? And as you pointed out along, they're playing the long game. Uh, they want to accumulate more of it.

So they, they, uh, make it less valuable and they put a lot of people underwater and a lot of people lost their homes, but they were able to accumulate them at an even cheaper price through all that stuff. And again, it's part of it was the, you know, the, you know the the derivatives market and all the rest of these things that they were playing with people and that's what they're doing now with the commodities and you're right when you look at bricks it's all about the commodities everything that they're talking about and getting a lot of these um getting on board a lot of third world countries that are rich in natural resources and commodities uh it is a big move toward the commodities. It truly is.

Yeah. I mean, we looked at the, uh, gold supplanting the Euro is becoming the second most held reserve asset by central banks and number one being the dollar. I think really, if you're paying attention though, ever, and if you're in the know, you get that gold is already the world's reserve currency. I think it supplanted the dollar some time ago. And it's just now playing a game of de-dollarization, getting out of those holdings. And how else that plays, it's a very interconnected worldwide economy, as you know.

But the trend, and it's accelerating. I think we're just going to see this is going to continue to be, and eventually will bleed into, even though I know they don't want it, mainstream will start to have to see this is going to continue to be and eventually will bleed into uh even though i know they don't want it mainstream will start having to cover this they'll have to actually admit that something is a foot and that commodities you know this boring thing you know gold this barbarous relic and you know what it uh what did warren buffett call it a pet rock that doesn't do anything you know it just sits there um but i, I think this will, this will be a headlines, you know, again, mainstream will start covering the stuff that you and I talk about every week very soon because it'll be too large of an issue not to.

Yeah. Well, so next time we talk, uh, it's going to be two days after the, uh, supposed election. And, uh, I imagine that there's going to be a lot of chaos from both sides. Nobody's willing to accept the other side winning, I think, on this time. So what do you think is going to happen? I mean, we look at the long-term trends of this stuff, and we were talking about regardless of which party is in power, they're going to continue the debt accumulation and the spending without any responsibility.

So we know how the effect of that's going to be. But in the short term, I mean, what do you think this, if everything erupts into accusations of stolen election, all the rest of this stuff, what do you think that's going to really rock the markets this next week? What are you looking for? Oh, I think, I think it has the possibility to, you know, there's several things that could happen in scenarios. You know, if you, if we know early, which I don't see how we could, but if we know like it's a sane country anymore, like there's an election result and then, you know, there's some sort of consensus that hasn't been the trend.

But let's say we do. I think gold would pull back a little bit, depending on like if Trump wins or is selected. I think gold would pull back a little bit. I think silver might pull back a little bit. Bitcoin would probably go up. If you put that in reverse order where Kamala is selected, I think gold goes up. I think silver

goes up. I think Bitcoin maybe goes sideways, maybe falls back a little bit. That was really, I think, the two best case scenarios. And then if we're in some knockdown, drag out legal battle, and it stopped the steel part two, the reckoning, or whatever, if we go into that, then all bets are off. I think the markets will start going their own way. I think they'll just start saying, whether this fiscal house, this is a you know whether this fiscal house this is insanity over here on

the on the ruling class side they'll start looking at alternatives um if we are in chaos that is where you know fear goes right into the precious metals market because again it's a it's a store of value it is actual money and uh it's physical and it's outside of the system it gives people the opportunity to at least house that wealth and energy and work and not have counterparty risks so there's a there's a lot of scenarios here um i think but long term david you and i both know the trend for things that are finite in a world of fiat is open to the right and uh you know against it like you know gold really has no top and the dollar really has no bottom and that goes for silver and bitcoin too yeah yeah yeah those are the things that get us outside of that fiat currency the gold silver and

bitcoin uh let me ask you i i see why you'd say that trump be bullish for bitcoin because he's talked about it it a lot and say he's going to protect it, maybe even use it, um, you know, have the government buy it and, and, uh, keep it as a store of value and that type of thing. Uh, and, uh, the Democrats have been very active to try to purge crypto, uh, Bitcoin, but all the crypto, uh, what about gold and silver though? Why do you say that that would perhaps go down a little bit with Trump and a little bit up with La La? What's your thinking on that? And it may be short-lived, but I think when you see a healthy stock market or people, and a lot of times when you see gold go up, it's because they look around.

There's a lot of uncertainty, and they just get out of those positions and get into gold. Think of the psychological impact of trump and we saw that in 2016 and it was short-lived uh but and he won't it's not because of policy it'll just be like oh well there's a businessman he's he knows the markets you know he knows about he's going to be friendly or at least in rhetoric to wall street and main street in rhetoric it doesn't even matter what he does i think and the reason i say it's temporary, this is just my opinion. I think you'd see a slight pullback and it may just go sideways, but I think there'd be some positions that would be cashed out because they're waiting to see what happens and that'd be put back into the market. But you give it another

quarter and we're going to see, but you might even see it within the 30 days, you would see another all-time high for gold because those trends are going to continue but in the short run i think psychologically you may see a little bit of a pullback but maybe just sideways well that's interesting of course many of us are not day traders uh in anything including gold and silver uh it's a buy and hold strategy gradually accumulating it that's what wolfpack is so great at, that you can gradually start to have a savings plan where you can put stuff there and have kind of a wealth insurance with gold and silver. And so we know, we feel good about it in the long term, just looking at how people are going to perhaps be reacting to it in psychology. And we can all guess what that's going to be. Nobody knows for sure exactly.

You've got a program that's going to be immediately following this one. Tell everybody about that. And is there anything that is happening at Wise Wolf that you want to clue us on? Well, I would say, you know, again, we have the free silver giveaway. It's still promo code 1776. You can go to davidknight.gold. And we have the program starting as low as 50 a month for wolfpack going all the way up to 5 000 and i have some announcements

coming for wolfpack soon i'm working on some stuff i'm actually meeting i'm in florida right now i have meetings going on that we're i'm going to be bringing some some new programs uh to wolfpack that i'm really looking forward to so yeah yeah, please, if you're in the market and you like physical precious metals and you want to trade your fiat in for something real, go to davidknight.gold. And yes, I have my radio show, the Arterburn Radio Transmission, every Thursday following your show on X at Tony Arterburn on Rockfin, the America Unplugged channel. You can find me on Rumble as well, America Unplugged. And we do an hour.

Come over there and join the chat. Love to see you. And that's what I like. I like the fact that you, like you said, you're in Florida looking at something to do with Wolfpack. Wolfpack is a very innovative thing. It's not anything that I've seen anybody else do. And I really do appreciate that. I appreciate working with you all these years.

It's great to have somebody that can trust you. And, um, and that certainly is the case with Tony Ardavan and wise Wolf. And you can get there through David and I.gold. Thank you so much, Tony. Thank you for supporting the program. Thank you for coming on. And it's going to be interesting times as the Chinese say curse, you know, we're going to have some really interesting times in the next few years

as we get closer and closer to this 2030 thing that is coming up and, and, and say it's a curse you know we're going to have some really interesting times in the next few years as we get closer and closer to this 2030 thing that is coming up and uh just right around the corner uh thank you so much for joining us and and for all you do thank you tony have a good day thank you david appreciate it let me tell you the david knight show you can listen to with your ears. You can even watch it by using your eyes. In fact, if you can hear me, that means you're listening to The David Knight Show right now. Yeah, good job. And you want to know

something else? You can find all the links to everywhere to watch or listen to the show at thedavidknightshow.com That's a website.