The David Knight Show - INTERVIEW Tony Arterburn, What's Going on with Bitcoin and Gold

Episode Date: November 14, 2024

Tony Arterburn, DavidKnight.gold joinsWhat is behind the amazing run up of Bitcoin?Is BTC price an aberration or reasonable?What happens now with gold? What is happening in other countries, outside o...f the US election bubble?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-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 For 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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Starting point is 00:00:30 interesting time for gold we have seen this stuff skyrocket over a couple of uh couple of months hitting all time highs every other day now uh the same thing is happening with bitcoin and gold is going back going down and so i wanted to get tony's take as to what is happening in the overall market thank you for joining us tony always great to be here david yeah uh gold hit like it's all-time high 35 times this year and now it's pulled back and see what spot price right now for gold but we pulled back into 2571 uh luciferian bankster notes make a troy ounce of the yellow metal. And again, we talked about this on Halloween, you know, two weeks ago about election outcomes.
Starting point is 00:01:12 This is all psychological. Yes. If there was a been, I think if there had been a Harris administration, gold would probably be at 2,800 right now and climbing. Silver would be probably close to 40 right now. And Bitcoin would be pulled back into the 55,000 range or so. my that's what i predict i agree with you yeah because it was clear that that harrison the democrats are going to go to war with crypto they've been doing that's right yeah yeah and i and i think there's just been status quo uh but this is the unknown and i think the psychological effect of a trump victory and a trump administration. It's funny, the underlying fundamentals, though, that's what you've got to remember.
Starting point is 00:01:49 All that's still there. Dedoalorization, the fiscal house that's on fire, the global tensions, all the things that drive the price of gold are all still there, but we have this temporary low. And if you look at most market analysis right now, they're saying, well, gold's still going to be climbing to, you know, 2,800 and 3,000 in the next year. That's all still predicted. But we have to get through this little phase that people are in right now. And the markets are in a phase. I do think that Bitcoin fundamentally is reflecting true price. I think we're probably getting closer to that. And that really has to do with the amount of Bitcoins that exist, David.
Starting point is 00:02:29 A lot of people say, well, there's 21 million Bitcoin. Well, actually, there's not. There's only 16 million if you take into account the millions that are lost and will never be recovered or Satoshi's wallets.
Starting point is 00:02:38 I think that the Bitcoin price is probably not too much of a hype, but I think it's hitting faster than it would have been under a Harris win. So we just post-election. This is all psychological, moving the markets. And I just tell people this is a time to look at bargains. I mean, look at the silver price right now, David.
Starting point is 00:02:59 It's $30.44. And, you know, I bought a lot of silver in the last few weeks, and it's hurting right now because I've got to sell a lot of silver that I bought. It's bought, you know, $33, $34 that I'm still holding. So we're cutting into a little bit of my problem. That's just the game that you play when you're in the precious metals business. But fundamentally, the price of silver shouldn't be this cheap. And honestly, neither should gold.
Starting point is 00:03:24 All the things that drove the prices prior to the election are still there. So it is a time for bargains. Yeah. Yeah. Like you said, all the fundamentals that were causing gold to go up, it wasn't going up because of madness of crowds and popular delusions. It was going up because of the fundamental things that were there. And it had been a long-term thing.
Starting point is 00:03:43 It was just starting to come up a little bit faster so it's a rate at which things change and i think when you talk about bitcoin as you as you pointed out it's not only just the expectation of what trump is going to do and people around him like lutnik um but um it's also the fact that it's after you know uh was it six months after they've did their having thing you know or they cut it months after they've uh did their halving thing you know or they cut it in half so there's some things like that that are happening there as well but i think you're seeing a lot of people looked at gold and said hey it's at uh all these all-time highs and and it looks like everybody's jumping on the bandwagon for crypto so we can cash out
Starting point is 00:04:19 of gold and jump on the crypto market i think but i look I look at it as it's Black Friday early. Yeah, you texted me that. You got the money. That's true. It's Black Friday early. And all this is really just fundamentally, it's profit-taking. People that held positions in a lot in the paper markets,
Starting point is 00:04:38 especially for bullion and contracts, they liquidated those contracts after the election results to put it back into the market. And a lot of that's flowing into crypto the outflows are really coming out of the gold etfs the inflows are going into the bitcoin etfs and that's the way it's going to be probably until first quarter of 2025 but i think again whenever when the dust settles the fundamentals will come back we'll still see the bricks nations uh you nations advancing their cross-border
Starting point is 00:05:05 payment systems. Gold really is the reserve currency of the world now, even though there's still king dollar, but you see de-dollarization happening. And again, that's, I think, really built into the narrative here is to pay attention to what really is and not what the markets are telling you, because I think this is just temporary. Yeah, when you look at Lutnik, who is the co-chair, you know, it's interesting, the other co-chair of the transition team for Trump is the wife of McMahon, the guy that did the WWE wrestling thing. That's McMahon. What's his name, McMahon?
Starting point is 00:05:41 That's McMahon, yeah. Yeah, McMahon, yeah. What a joke that is. Anyway, but I guess during the transition period, that's where you see the presidents change into a dress or whatever, you know, change their clothing. They have a transition period during that. They turn into something completely different.
Starting point is 00:05:59 They identify as a different gender maybe or as a different political party. Anyway, so he's there and he's uh been a big advocate as i'm sure you saw it who was at nashville making the case for there to be for the government to own crypto as reserve and also saying that it should be given the treatment that precious metals get that um you know should be treated as a commodity uh rather than as a security and so with all that stuff that's there you know that that is treated as a commodity rather than as a security. And so with all that stuff that's there, that is, I think, a lot of what is driving it. Now, as we look ahead, though, and we look at the fundamentals,
Starting point is 00:06:34 and you look at Lutnik and what he's been involved in at Cantor Fitzgerald, he was the king of ESG. And he's now, because there was a competition back and forth between uh bestner and um another guy i can't remember his name uh and uh the other guy dropped out and so now luther lutenic has put his name in the hat for treasury secretary so we got a choice between a kind of a larry fink uh es guy, and Soros is right-hand man. Those are great choices. Yeah, what do you think is going to happen
Starting point is 00:07:09 to the deficit and all the rest of this stuff in a Trump administration? And that's where the fundamentals are, right? Well, absolutely. And Larry Fink has been, BlackRock, has been a huge advocate of the Bitcoin ETFs. I mean, really, they started it and has been pushing it behind the scenes.
Starting point is 00:07:26 He's also anti-gold. If you notice, there's comments that have come out over the years, Larry Fink is criticizing developing nations for gold mining and gold activities and things and getting away from the dollar and the traditional financial system. It's interesting.
Starting point is 00:07:42 I think that, again, Bitcoin's's being pushed by and you have to just kind of shrug and and take this as with what the information with what you will because again i was in nashville too i watched that robert f kennedy jr talking about you know if he was elected president he would buy order the treasury to buy 500 bitcoin a day until it hit about 18 percent of the world's bitcoin reserves trump followed and said that he would make Bitcoin a strategic reserve asset for the United States. That's what the Bitcoiners call game theory, where around the world, other nations start hoarding Bitcoin and using it as a strategic reserve asset. I do agree with that. I think that that's one way that you can do it electronically.
Starting point is 00:08:23 But forgetting about precious metals and forgetting about the role that gold has played throughout history i think is really short-sighted um and it may be a head fake it's a lot along with uh jp morgan chase and what they've done with silver shorting the silver market over the years and they're you know you go dig a little deeper and you find out that jp morgan chase is the largest holder of silver in the world why would they make why would they short the silver market? Why would they want to make the price go down? What's about accumulation? So again, this might be just a blind spot, a head fake. You can put a lot of people into Bitcoin. It's easy to accumulate. It's easy to get. It's electronic. But I don't think that it will supplant gold's role as a reserve currency of the world.
Starting point is 00:09:05 I just don't see that. I think, again, history is our guide here. There's a role that precious metals have in the story of humanity. And I don't think that's going to go away. It'll be a part. And I think Bitcoin, if it continues on this trajectory, David, and it's interesting to watch, if it continues on this, it will have, I think, a rollout that will, I think, exceed a lot of expectations of even people that have been in the Bitcoin space since 2016 like I have. I'm really surprised. I said earlier on previous shows, I think, you know, $100,000 Bitcoin was in range by the end of the year.
Starting point is 00:09:40 I think we're going to reach that. We were at $92,000 and some change yesterday. It's just within striking distance of 100K for Bitcoin. Again, it's just about supply. It's about what's moving into the ETFs and about liquidity. And that will drive price. How long will it last? I don't know. I think a lot of this is just market euphoria based on, again, just based on psychology. It's nothing else. Nothing changed on November 5th except the expectation that there will be different policies in January. We'll see.
Starting point is 00:10:11 I agree. And I think what concerns me, and I talked about this on Monday, is the different policies in terms of the green stuff. And so we see Musk, who became the world's richest man by exploiting this green nonsense uh greenwashing everything uh we see luknik who is part of the esg stuff and we see that both of them have been very involved and carbon taxes and the kind of thing that i see developing with all this and i see and of course they've even talked about incorporating a side uh what is a side chain or something of Bitcoin in order to track some of these things. I see this as a way for them to essentially usher in a public-private partnership for
Starting point is 00:10:58 CBDC, because if they can start to sell credits, carbon credits, if they can process carbon taxes. And, of course, all these guys that are on the financial side with Trump, they're heavily involved in the carbon capture markets, the carbon taxes, and all the rest of the stuff. And this is a way for them to, on the side, as Elon Musk has said, he's looking at X as being something to process half of the world's financial transactions. He said money, whatever that happens to be. Well, that could be carbon credits. You know, it could be anything like that.
Starting point is 00:11:35 And so to me, it seems like these guys are coming together. They've got some kind of a tokenized ETF scam on the side here, some kind of derivative thing that I'm very concerned about. And so when I look at all this, it's not just that it's a bubble thing, because we look at the fundamentals, as you said, nothing has really changed. But the thing that concerns me is the fact that they want to tokenize this stuff. They want to create derivatives. And these guys who are running all of these things that are part of the expectation are people who were kind of piggybacking on the in-your-face prohibitions from the Biden administration, saying you're not going to be allowed to have anything other than electric appliances,
Starting point is 00:12:20 electric cars, electric heat, electric air conditioning, all the rest of the stuff. And people say, no, I don't want that. It can it can't work so then what they do they come in and say we can have anything that you want but you have to pay me an indulgence fee you have to pay me a carbon tax in order to do that and we got the mechanism right here with all of this crypto stuff that's what concerns me did somebody say hegelian dialectic yeah it sounds like that's what's happening isn't it here's we have a thesis we present the antithesis, and we have synthesis. And that's really what's happening here. I don't think it's a thesis.
Starting point is 00:12:51 I think it's feces. That's even better. But you're right. And nothing, again, the technocracy knows no party. Understand that you're inside the 2030 agenda decade. That's right right they've been pushing since the opening in this decade i'll never forget you know i opened up your show at the beginning of this decade and it was i mean fireworks right from the right off the bat trump
Starting point is 00:13:13 had assassinated uh the general salamani the iranian general the hashtag was world war three is right prior to covid 1984 and we have not the pace has not slowed down since then all these rollouts and of course, we got the left-right paradigm in this country. Again, the fundamentals for all the reasons that you and I talk every Thursday about finances and parallel economies and being outside the system, all of that is still there. It just comes in a different guise. It's coming in a different face, a different form, and it could be public-private partnerships, which, again, fascism is exactly what that is. So I don't trust any of these people.
Starting point is 00:13:51 David, I'm concerned with those who went out and voted, and I said this on my show on Halloween two weeks ago. I said the most important thing out of this election, if there is a difference, it's going to be in foreign policy. If Trump really means what he says about staying out of these wars, it'll come out of personnel as policy. Well, then he nominates this Hegseth guy from the Fox News column. If you look into what he said, and you've played these clips of him talking about Vladimir Putin being so pro-Ukrainian and other things, I mean, echoes of neocons of uh you know kind of a Donald Rumsfeld-ish uh approach and so many I've listened to a lot of his commentary I don't agree with him and it seems to me we're signaling if I'm looking at these cab this cabinet pick and what's being rolled out it looks to me like we are preparing for some sort of kinetic conflict that's my take
Starting point is 00:14:42 that's right uh and I think so Waltzz as well. Ratcliffe as well. Hegseth, all these guys, you know, big belligerent. I mean, they sound like Lindsey Graham when you listen to these people. And I think, you know, it was already in the cards pretty much that we're going to join Israel with a war against Iran. So that certainly has escalated with all this stuff. But then the question is, you know, they've made real belligerent statements about China, all the rest of the stuff, even with Ukraine. There might be some kind of a brokered peace deal, but if not, they're going to go much heavier into the Russian war.
Starting point is 00:15:16 And I think that if you've got a war on the horizon, I think that then argues in favor of gold, historically it has. Yeah. Right. And that's why i think a lot of this stuff is just still on sale these countries the brics nations especially that are wanting to get away from the dollar system not even war i think is going to stop those cross border payments and trade systems and being outside of sanctions you know nothing really i mean you know gerald cilente is right when all else fails they take you to war but that looks
Starting point is 00:15:43 like what is happening i mean mean, they're planning it. I don't think it stops the de-dollarization. All the fundamentals are still there. They're just setting up it. This is a different regime, different operation, same goals. Yeah, that's right. That's right. The value of Russia's gold reserves hits a historic high.
Starting point is 00:16:03 They're not changing what they're doing based on the election they don't see any change or that they're going to continue down the same path hit a historic high in october the share of gold's international reserves for russia went up to 33 percent they said the value of gold holdings grew by almost four percent just last month breaking the record that was set in September. I think that, like you said, BRICS, Russia, China, others, they're going to continue to, the central banks especially, are going to continue to go into gold.
Starting point is 00:16:35 And so that type of thing is what we've seen driving this in the past. None of the fundamentals in terms of debt and inflation, in terms of war, none of that has changed so i think the amount of russian gold i think it was at 200 200 billion is it like 32 percent of holdings it's like 200 billion is the number that they're holding and you know if you dig a little deeper into the holdings of gold by these central banks david what you'll find is a great majority of them are still evaluating based on the breton Woods Agreement of 1944. It's still $35 an ounce. They have not re-evaluated. I think they're holding, waiting for the Great Reset. That's what they're doing. They're waiting to re-evaluate
Starting point is 00:17:13 all of their precious metals, their commodities, their holdings. Another story that you and I have covered before, and I was speaking with Andy Sheckman from Miles Franklin a couple couple weeks ago. And I said, I go, what do you think about this story with the Russian government? And it was only covered in a few outlets, but they started putting silver as a reserve asset on their books and accumulating. He said, it's one of the biggest stories of our time. And I thought the same thing.
Starting point is 00:17:43 It's going to change pricing. It's going to change the way that we look at precious metals. And that's the way that's again, that's the whole point of BRICS. The point of BRICS is not, in my opinion, not to create a competing currency against the United States dollar. It's to reprice and reevaluate all commodities. And then that starts with gold and that will reset all of their currencies. There's 52 times more currency on earth today than when I was born. So in 1979, that's how, and again, we're just inflating our way out of it. Nothing changes. The fundamentals are all still there and we can float for a little while and you'll see prices to go up and down and they'll be all over the place. But in the long run, gold wins. I think gold wins this game, especially in this
Starting point is 00:18:34 decade. There's no escaping it. I mean, there's going to be, they tell you what they're doing. They're doing a great reset. That's what they're signaling. You're inside their, we're five years out from their milestone and their goal of 2030. uh all those things that we talk about every week are still there that's right you know i i look at it and and you know when you look at bitcoin gold and silver you know all of that is is a reaction to um the creation of fiat currency and um and yet the other thing and of course the the cycles that are there that um you know the debt cycles and all the rest of the stuff that they have built up uh but what is different for the physical metals is that it gets you out of what i believe is being set up as this technocratic
Starting point is 00:19:17 trap you know i think it's a net it's a web it's all these different things they talk about with it and uh you know i don't want to I don't want to be caught up in that. I want to go in the opposite direction from anything that can be used to surveil or to control me. And, of course, you know, Bitcoin is, you know, when you look at what these people are using with it, that's my concern about it. They're still projecting, you know, Bitcoin and 150,000 or something like that. I see a projection here from Brian London. Gold price has room to hit 8,000 this bull cycle as the Fed deals with the next crisis. And again, this is the crisis once people realize that everything has not been solved by this election, by putting Trump.
Starting point is 00:20:04 That's the naivety of this madness of this crowd. That's the popular delusion, the 3D chess, the three levels of delusion that we've got with this stuff. That's the popular delusion. Okay, it's a whole new world, and everything is solved now because Trump won an election. And as you've been pointing out, nothing at all has changed. Nothing.
Starting point is 00:20:26 We've got a couple of comments here. Junk Silver says, yes, I highly recommend Wolfpack. You get to the end of the year and you realize you've significantly increased your stack with an interesting assortment of metals without even realizing it. And of course, Wolfpack is the ability to. That's what Tony has set up. It's kind of unique. And you can just determine the dollar amount that you what tony has set up it's kind of unique and um you can just determine
Starting point is 00:20:45 the dollar amount that you want to buy each month and you um every month you just gradually accumulate it uh paleo armory says i wish i would have never started a 401k if i just did gold and silver i would have never lost a dime ever and you'd probably have some silver dimes as well some real silver dimes that's that's's right. Some real silver dimes. That's true. I mean, if you put, it's funny. And because gold, it just is what it is. I mean, it's Warren Buffett criticized.
Starting point is 00:21:13 It doesn't do anything. It just sits there. Yes, but against fiat currency, it keeps and holds its value. And even if you look at the S&P 500 and other indexes, gold's outperformed many of them and has stayed ahead of the curve, ahead of inflation. You get mirrors. In many ways, it mirrors the debt accumulation of the United States and the price fluctuation. So gold's just a safe haven. Gold is money. I don't claim it to be. You won't find the word investment anywhere on any of my websites. I don't use that word. I don't advocate gold or silver as an investment.
Starting point is 00:21:46 But gold and silver are money. Fundamentally, they are stores of value. They're stores of energy. And that's going to be more and more. I think, again, the price is going to be really surprising to people over the next five years because I don't think folks really understand the debasement that has gone on. If you study this every day like I do, and you look at just the sheer numbers and the currency creation that's gone on, and of course the debt that you and I talk about,
Starting point is 00:22:14 the trillion dollars that's being accumulated every, what, 60 days now, if you go by the new math of everything that they're doing. And then you look at institutions. This is part of the fourth turning, but institutions are digging in their heels. Look at what Jerome Powell said when asked if he would step down if Trump asked him to. And he said, no.
Starting point is 00:22:36 It doesn't have to. And you were so right. Congress authorized the Fed. Congress can defund the fed can audit the fed uh can end the fed can do what it likes because it's not part they didn't do an amendment to the constitution as a matter of fact i can't believe that nobody really ever challenged that i mean if you look at the constitution of the united states and only congress can coin money and it has to be gold and silver specie. And nobody really ever took that
Starting point is 00:23:05 to task because you have this outside international banking cartel known as the Federal Reserve that's not federal and not a reserve. Again, but these are institutions, I think, that are also on the chopping block for reform in this fourth turning. Know your history. Look at the end of the last fourth turning, what happened in the new financial world order that was set up at Bretton Woods in 1944. We're on the cusp of a new financial world order. I don't think that King Dollar will reign supreme for much longer. It won't be tomorrow or five months from now, but inside this decade, we'll see massive change. And again, we'll look back at some of these prices and gold and
Starting point is 00:23:45 silver will look extremely cheap i promise you that oh yeah yeah as a matter of fact karen pull up the uh the picture for this um uh the great kentucky horde two million dollars in civil war era gold coins discovered i saw that i thought you know that's a couple of interesting things from it first of all that was two fourth turnings ago. We had the Civil War when everything changed, everything was reset. And what was real money then? Was it the greenbacks that Lincoln was putting out there and put on income tax on people at the time? Was it the Confederate fiat currency, the Confederate money that became famous as worthless? Or was it gold? That was what they were really looking at. And so they found this stash of Civil War gold,
Starting point is 00:24:31 now worth $2 million, these coins that they've got there. But I think that's an interesting thing. To me, it speaks of the permanency of the value of gold. And it speaks of what people turn to in troubled times, doesn't it? It's just a part of the human story. And the more I read on the history of gold, the history of the monetary system, it's just going to be with us. I mean, you can get into the cyberspace all that you like. I'm in it too. And I do love Bitcoin. And I think decentralized cryptocurrencies are fantastic. And you should learn how to use them
Starting point is 00:25:05 you should uh do all the research you can because it's part of our future in my opinion but nothing will ever replace physical gold and silver it'll always be a part of our story and it's a way for you to be like you know if you really want peace of mind you know have you know you want to store value to me physical precious metals no counterparty risk whatsoever that's my first choice that will always be my first to me gold is cash
Starting point is 00:25:32 if I've got a one ounce gold coin I know that I can liquidate that at any time or I can trade it but I've got to store value right there and I've stopped the music again it's a game of musical chairs with fiat currency and who gets left with nothing and that's eventually the game runs out and you know the average lifespan as i've said many times of a fiat currency is 26 years
Starting point is 00:25:54 and we've doubled that here in the us and mainly because we are the reserve currency of the world and the rest of the world is still using dollars. But after losing the petrodollar, David, we lost that in June. Nobody said anything. Those countries like Saudi Arabia, like China, Russia, they are starting to use other means to purchase crude oil and to denominate them in their own currencies. So 80 80 of all the energy transactions in the world go on in dollars that is declining as well as well as
Starting point is 00:26:30 usage of the dollar so all that stuff's going to matter here and it may not matter tomorrow or during this uh happy days are here again market that we're seeing uh that i you know i kind of shrug and so that's fantastic for a lot of people. I hope your 401k looks good. But none of that's permanent. I think we're just riding a wave of euphoria. And again, it's this psychological value that we place on this economy. All the things that have caused our pain over the last five years, especially, are still there. Yeah.
Starting point is 00:27:01 It's the sort of thing I know from my past experience. I get burned with the dot-com bust and stuff. And I thought I was playing it safe. I thought I was investing in the companies that were selling the switching equipment, but everything went down. And so, you know, when I look at what happens with the market, and I know that it's the madness of crowds and you get swept up in that. And so there's an element of that that's happening. We've seen an element of that with the AI fad and all the rest of this stuff. And it is, you know, when that goes down, so much of the stock market has been concentrated in the AI hopium and just in a couple of companies that when that goes down, it's going to be really huge. And who knows what
Starting point is 00:27:42 the effect of that is going to be. So I'm just at this point in my life, I don't ride roller coasters anymore at the park. And I don't like to ride roller coasters in the market. I just don't have the the constitution for it. I can't stand it. So, you know, I'm just looking for something that is safe and consistent, that is tangible, that's real, that's outside of the virtual system that these people are creating, because I don't trust the people that are creating these virtual systems at all. So, I mean, that's real, that's outside of the virtual system that these people are creating, because I don't trust the people that are creating these virtual systems at all. So, I mean, that's really where I'm coming from. But, you know, again, whatever people want, we're just trying to kick the tires and see what we see here, and people can listen to us and make their own decisions about where they think things are going.
Starting point is 00:28:22 Anything you want to tell us about what's going on at Wise Wolf? Well, we just got, again, a lot of challenges. In a down market, there's some great deals going on right now, and we're going to readjust Wolfpack invoices probably a little bit later today just to reflect those price changes. So for good for all of our members, they're going to get a little bit lower pricing, and supply is still the issue. Again, I talked to you talked to you go look at
Starting point is 00:28:46 uh if anybody's interested in the interview i did with andy sheckman of miles franklin it's up on my podcast channels at the wise wolf golden crypto show we had an interesting conversation and uh towards the end of the show he said hey you know as well as anybody that uh if if there was a an uptick in the in the ordering of physical precious metals that you couldn't deliver. And I said, I know. And like everybody knows, it's the little secret, folks. If you join Wolfpack, you go to DavidKnight.Gold, and you get into Wolfpack, we have guaranteed delivery of product.
Starting point is 00:29:16 And I put my name on it, so I've slowly built up enough to where even we had about, we got at least a month of inventory that I can do as a reserve. But I can't guarantee anything else after that i mean direct sales will i mean if you look at the first quarter of 2020 david we after um the lockdowns on friday the 13th of march after the lockdowns uh it was six weeks out to get a silver delivery people forget that that. If you ordered a significant amount of silver, and I was down to just ordering silver dollars and things, that's how tight the market got after the lockdowns in 2020. And then again, towards the spring and into the summer, it eased up a bit. But we've never really recovered from that point in time. The variety isn't what it used to be. And so I do caution people. I mean,
Starting point is 00:30:08 if you're on the fence about getting into precious metals or just accumulating a little bit at a time, look at the prices now where they are and, you know, get some something physical in your hand because I don't know how long it will last where you can continue to get supply. And when the prices go down like this, people hold. So there'll be even less supply. It really is, the precious metals business is antithetical a lot to economics. It doesn't always reflect supply and demand. I mean, there's been times when you couldn't buy any physical silver because of runs on the you know on physical silver like the the reddit raiders that did that back in february of 21 and you couldn't get any physical silver but the price went down the next day in the in the spot price on paper because they sold off 1.5 times the annual supply
Starting point is 00:30:58 in paper stock in one day so they drove the market down yeah so i would just that's what the paper stuff is forced to manipulate and you know that's what the paper stuff is for, is to manipulate. And that's what concerns me, is because these guys who do the securitization, the tokenization, and all the rest of the stuff, I mean, these guys, they're the manipulators who brought us the real estate market crash in 2008. They're constantly manipulating everything. So it's like, yeah, just get out of that and try to get something that is real, that is tangible.
Starting point is 00:31:23 Because the thing that really killed it for people with real estate was that, yeah, it was physical, but you didn't own it outright. You had mortgages on it or whatever. And so that was where they got people. They got them underwater on their mortgages and things like that. So that's a key thing, having something that is real there. Jason, thank you for the tip. He says, Jason Barker, Tony, says, let people know they can do a one-time Wolfpack purchase
Starting point is 00:31:51 when they have some extra cash instead of a subscription if they can't afford the monthly. Oh, that's true. Yeah, we make it really easy at Wolfpack. I mean, you can get one-time any of the tiers from 35, the Wolf Cub, all the way up to the highest level, you can get one time purchases. And if you join and you want to, you have to skip one, you can do that too. We make it really, I've got a great team.
Starting point is 00:32:13 We're very quick on changing anything with your subscription. We don't give you a hard time. There's no contracts or anything like that. You get in and out just like i would want to do if i was um you know in this if i was you on the outside looking in i would definitely want to have the freedom to move in and out or purchase whatever i wanted to do and we make make it that way wolfpack for sure you go to well it's it's a great thing and it's the kind of stuff i i like dealing with you i trust you and uh you're also innovative and you provide some services that other people don't i really do appreciate that
Starting point is 00:32:43 at wolfpack. Appreciate you. Thank you very much. Again, Tony Arterman at Wise Wolf Gold, and you can get there through davidknight.gold. Let them know that you're coming through us. Thank you so much, Tony. We're living in interesting times, and I think things are going to get real interesting real quick
Starting point is 00:32:59 in the next few months. I think it's going to be really great. That old Chinese curse just continues not to disappoint in this decade, David. Like I said, it started out with a bang. We have been running, I mean, full steam ahead into Agenda 2030. That's what I want to continue to remind people of. And even in these little, you know, again, a lot of times it's a blessing to see these psychological shifts in markets and things.
Starting point is 00:33:24 It gives you a pause, gives you time to think and take in a breath. But we're going to get right back, I think, in 2025, right back to fundamentals. I have my show next at 11 a.m. Central Time. I'll be on my Twitter at Tony Arterburn and Rockfin and Rumble on the America Unplugged Network. And I think I'm going to just meditating yesterday, I was driving up from Texas. I'm up in my Branson office today. And I was thinking about a book that Pat Buchanan wrote back in 2011 called Suicide of a Superpower. And the subtitle was, Will America Survive to 2025? And he asked all the big questions, trade deficits, actual deficits, currency, culture. And I remember being a big
Starting point is 00:34:13 fan of Buchanan at the time and had read The Death of the West. It's one of the books that changed my life. And I was thinking about that book and how spot on he was. I'll talk a little bit about that in my show here coming up next hour. Oh, yeah. Yeah. Yeah. We're living in some very interesting times that are coming up. And, you know, that's the Chinese proverb.
Starting point is 00:34:31 The other thing, too, is that they build their picture characters, they build them out of different concepts, right? So their thing for crisis is opportunity and danger. And that's really kind of where we are right now. We got opportunity and danger and it's not going to change. So we're going to take a quick break and we will be right back. Thank you for joining us. Again, Tony is going to be coming up right after this program, and you can go to DavidKnight.Gold.
Starting point is 00:35:05 We'll be right back. The Common Man. They created Common Core to dumb down our children. They created Common Past 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. But each of us has worth and dignity created in the image of God.
Starting point is 00:35:45 That is what we have in common. That is what they want to take away. Their most powerful weapons are isolation, deception, intimidation. They desire to know everything about us while they hide everything from us. It's time to turn that around and expose what they want to hide. Please share the information and links you'll find at thedavidknightshow.com. Thank you for listening. Thank you for sharing. If you can't support us financially, please keep us in your prayers.

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