Joining us now is Tony Ardaban of Why is Wolf Gold, and Tony has set up David Knight dot Gold which would take you there and let him know that you're coming through us. Always good to have Tony, and he has been incredibly busy the last couple of weeks because of what is happening in the gold market. I've talked a little bit about this, how it is really shot up. It's like a nineteen percent if I remember over the last month or something like that, but a tremendous jump and the price of gold.
Thanks for joining us, Tony, Well, thanks for having me, David. That's good to see you. Good to see you. The price of gold that keeps hitting it's all time high. It's hitting it so often I'm not even keeping up with it anymore. I think it's hit it's all time high like four times in the last thirty days. That's right. Yeah, you look at it. It's like is this a new article or what is this? And so much so that the Mesa's Institute is asking, so is
gold over priced or can its price go even higher? And I thought that was interesting because you know, the Mesa's Institute is a financial think tank, economic think tank looking at the writings and of course, you know, just a general free market libertarian perspective of Lugwig von Mises, and they're not selling gold, but they're looking at this stuff and they thought, well, you know, it expensive compared to what was there question. Well, that's right.
I mean, what you're actually watching is not goal reaching it's all time high. It's the dollar reaching it's all time low. It's an inversion. Yeah, because as you know, if you go back to our original system here in the United States, the bimetallic system, there was no inflation in the nineteenth century, so a pair of a pair of shoes in eighteen hundred would cost you the same in nineteen hundred. There was no inflation because we
had a gold standard and we had a silver dollar. And of course that changed it pretty much in nineteen thirty three, when Franklin Roosevelt is its executive order for you to turn the gold in. He raised the price of gold of thirty five dollars an ounce once all the Americans that complied. There's a lot of Americans that didn't comply, David, because I buy those coins all the time, those pre nineteen thirty three American coins but they raised the price
of gold to thirty five dollars announce. That was a banker's ploy to shift the gold away from the United States to the Bank of International Settlements. You can go back and read the history. But again, after nineteen forty four, Breton woods thirty five dollars an ounce and it stayed that way until nineteen
seventy one. And then Richard Nixon because of all the the basement of our currency that the country's other countries noticed, we took the silver out of our coinage, that we were writing checks beyond our capacity for guns and butter and Vietnam and the Great Society on the Mekong, like LBJ said, And so Richard Dixon knew that we couldn't continue to keep the gold window open, and they went off the gold standard. In August fifteenth, nineteen seventy one,
gold went up two thousand percent. But that doesn't mean that gold went up. It just means that we have a revaluation of fiat currency. And now every country on Earth has a fiat currency. They all followed the United States after nineteen seventy one. The United States now has the oldest surviving fiat currency in the world. The average life spans about twenty six years, so we
doubled that. And so I think you're just going to continue to see these price ships because of the bricks nations primarily, and honestly, David, I don't think we would see these prices in gold this fast the way it's doing without the war in Ukraine, with sanctions that were placed on Russia after NATO provoked. In my opinion, NATO wanted that incursion, but they put the
sanction. We put the sanctions on Russia, and the Russian finance minister months later said well dollars or candy wrappers, dous and got off of the system. Other countries took notice. We have forty different sanctions on thirty six different countries weaponized the dollar. You're watching really is not so much that gold is having its moment. It's that the dollar is losing ground, losing ground rapidly.
The world is taking notice. They want a revaluation of commodities. That's what Brazil, Rushing, India, China, South Africa, now Saudi Arabia are all about that. The reevaluation, in my opinion, of all commodities. And I was looking just before we went live, other countries like India, record numbers of silver being record numbers of gold in China. China had a major etf had to stop trading because people were buying so much paper stock
gold there wasn't enough gold to back it up. At least That's what I'm looking at. And this is going to be a problem I think in the West too. We're just at the beginning of this. If you think you missed the boat on gold and precious metals, especially with silver still being under thirty dollars an ounce, you are mistaken because there's a lot of room left
here. But it's not looking good for King dollar. And of course I talked about this earlier in the week and they were saying they talked about the inverse relationship between the Federal Reserve Fiat currency and gold and how you know one would they go up and down in an inverse relationship with each other. And they said, so always these Western institutions, under certain circumstances, they would start selling their gold and you know, the East would buy it up and
that type of thing. But that all got broken, they said, is with these sanctions and other things that are happening. It also got broken with this ETF stuff that is out there, because they have used that to essentially create a fiat gold system that has gotten so out of whack that they can't even make a credible case for it. As you pointed out, they had to suspend suspend trading on it. But as Forbes looked at it, it was tremendously I forget what the ratio was, I'll look it up here as
we're talking, but the ratio that was there was absurd. And they said, well, that's then a conservative one. A lot of people estimate that the ratio of ETFs that are out there trading about gold are much much higher than the actual physical goal that's there. But they were saying a lot of
the same things that you've said in the past. Where what was interesting earlier in this year was the fact that the Federal Reserve was making these different moves, like you know, hiking the interest rate up and things like that that normally would cause gold to go down, and it was holding its own. And they said, that's because everybody has lost so much faith in the dollar
that they are still accumulating the gold. And you know, as the institutions want to sell off their gold, there's still more demand keeping the price high. And so I think that's really what the Mesa's Institute was talking about.
They said, you know, if you are we late on all of this in terms of getting into gold, well not unless you think that they've somehow figured out what they're going to do with the fiat currency and if they can somehow fix this stagflation or this dragflation Silinty calls you know, like a recession. I just stagnant, but a real recession along with inflation. If you
think they've got that solved, then yeah, you'd be late. But they've got some so many built in problems and things have shifted underneath them that a lot of people are saying this is just the beginning. And so that's that's where you've been, I guess, just kind of run around trying to keep track of demand in orders. Well. Absolutely, and the rules of the game are changing. I mean Jerome Palace at first said that inflation was transitory,
along with Jennet Yellen. This was all transitory and nothing to worry about, nothing to see here. And then they became very hawkish and they're going to whip inflation, no problem, We got this, and they raised rates faster than any time in history. To Kurt tell that inflation. Then they felt like they're really confident this last six months or so, we're going to talk about lowering rates because the economy could sure use a goose before the for
the election. Not that they're political or anything, David, the Federal Reserve's way above that. They're not. They're not playing politics, are not going to intervene. But they got a problem because the latest data that's out, inflation continues, the economy's roaring along, Inflation continues, and what are they going to do. They've promised these rate lowerings. The European Central Bank has just backed off of a rate lowering, so they're going to hold rates.
So we're not going to see I don't think we're going to see any rate lowering for a minute or two. It may be going too right before the election. They're going to do it this year. They I think they've promised too much. There's too much built into the system. It's all rigged. As you know, this isn't your father's stock market of Wall Street's not based on profit anymore. It's based on environmental, social governance and your relationsship to
this central bank it's not really entrepreneurship anymore. So I think you're going to see some intervention. There'll be some rate lowerings, but it's hard to do that in the face of the data that's coming out, and a lot of this has to do with the energy sector. As a matter of fact, the White House is not going to be buying back food off the open market
to replace the strategic petroleum reserve. Yeah, that's insane. I mean, we're not replacing our strategic petroleum reserve in the face of all this geopolitical upheaval. Honestly, I think this is them not wanting to drive the market up or do something to increase the price, because that's where you're seeing inflation. It's in the items that people need. He's he sold off the strategic petroleum reserve to lower the price before the election. Not even Obama did that.
Always in the past, they would hold that until there was a storm that came through and took refineries offline and Louisiana or something like that, some kind
of real disaster, that's what they would use it for. Biden used it to make himself look good to temporary lower, temporarily lower the price of gas and of course, if he goes out there and replaces it at this point in time, that is going to mitigate against reducing the price of gas, because he's going to be you know, out there buying stuff, so it'll bid the price up. So the only thing he can do now is just to set it out and not refill that. It's really it shows how he
has absolutely no interest in what is good for this country. It's all about his own personal political gain and in that regards, just like Trump, it's almost like it's a plan, David, like a controlled demolition. Yeah, like the calls are coming from inside the house. I mean, all these these decisions that are made are not strengthening our economy, They're not strengthening our readiness as far as national security. Obviously, this is all part of a
plan. It's an inside job. And you see this, this is the consequences you want. You want to intervene unnaturally in the market. You want
to release food from the strategic petroleum reserved to lower the price temporarily. Well, guess what if the price goes back up and you have to replace that when you buy it again, it drives the price up, So your intervention backfired on you again, it's the same thing with these You know, can you imagine going back in one hundred years and saying, well, I don't know what's going to happen to the economy. The Federal Reserve hasn't told me
what to do yet. I mean, nobody, nobody was looking to the Fed to figure out what's the next move, what should I do, what should I invest in? This has become so ubiquitous. It's just it's permeated all of our culture what the Federal Reserve is doing. And frankly, what they're doing is they're ruining our currency faster than really I think is natural. I mean, I think we had a little bit more time left on the dollar, honestly, but just the amount of eubris and the sanctions that are
placed, I think everything's accelerating. And the teleprompter reader hairdo people on these financial networks, they just don't get it, David. They keep saying, well, gold is up, and that's crazy. It keeps going. Gold is way up, and they keep looking at the price, and I wonder why that is. I well, you know, there's inflation data is not
that bad, and I mean they keep going. But again, it's the central banks around the world buying gold, and as you mentioned earlier, these ETFs and this paper gold that's out there all around the world, you can't really back that up. I don't have any faith in that. It's kind of like the silver market. I know because of the data, and I've interviewed the experts. You if you had a whale come in, it's like an Elon Musk or some big buyer, you could corner the silver market right
now, just like the Hunts did in the nineteen seventies. But see, the deep State got rid of the Hunts. They made sure that nobody exposed that because what you're exposing if you can corner monetary metal and get the physical supply, is you show that the currency that it's shown in value of is actually fake. And that's what the Hunts did in the nineteen seventies. Nineteen
eighty fifty two dollars and fifty cents an ounce for silver. That's crazy if you think about what fifty two dollars and fifty cents an hours would do now for your purchase seeing power in nineteen eighty terms, that's like three hundred dollars today. So I don't have any faith in these these markets. I think that supplies a lot thinner than people realize, and that's what's really driving the price. When people are demanding physical gold, especially places like India and China,
it's driving the price, David, and it will come here. Costco is selling gold bars, and we talked about this before. We've seen this phenomenon where they'll they'll list the price and I think they're like fifty bucks over spot or something like that, and then they'll sell out and then you can't get them. We have supply, but I would say that it is thinner than you think that it is, and I'm not going to over promise, and so I can get any variety of anything, because I really would watch
that is people start to wake up and demand precious metals. This price that we're looking at now is going to be it's gonna be quaint, that's right. And you know you've got we're talking about the paper gold thing. A lot of people who look at this and say, well, I don't like
the dollar, we need to go with gold. They'll go with the paper gold and they don't realize that's one of this art article that I was talking about the other day gave the figures that Forbes came up with, and Forbes said, well, according to our calculations, there's about two hundred to three hundred trillion dollars worth of paper gold out there, but there's only eleven trillion dollars worth of gold. So in other words, they're selling twenty to thirty
times the amount of paper ETFs. We're going to give you a share of the goal. They're selling twenty to thirty times what they actually have. And they said, we think that that's very conservative. That it's actually much worse than that. And as you point out earlier, China had to suspend trading because there was so much demand that it was getting out to a level that
nobody would believe. I mean, if people will believe that there's twenty to thirty times the paper gold out there, that there is physical gold known, physical gold reserves, you know, they're not going to believe it. If at some point, if it gets up to fifty or sixty or one hundred times or something, at that point it becomes unbelievable and the bubble burst.
But that reckon, that realization is going to come around at some point and there will be a reckoning, and so all the people who are interested in collecting gold are saying, well, I want the real thing instead of paper. That's when another type of gold rush will happen, because that's another competition to physical gold, that paper gold. I like what Larry Fink, the head of Black Rocks, said a couple of weeks ago about people in countries
like India and China and emerging markets. He said, you're not helping when you're buying gold. You're not helping anything. You're not helping the market. It doesn't do anything. And I thought, Ah, there's the rub, there's the tell, because he's been pushing the bitcoin ETF and people just scratching their heads, like what is he doing? In my opinion, I think the Bitcoin ETF or entities like Blackrock is a lifeline to a dying system.
At least gives them some finite they can put their clients into that. But if they start putting their clients into physical gold, it does bankrupt the entire system a lot faster because people start to realize as physical gold demand goes up, the price goes up, it doesn't really go up when you put them into paper. It doesn't. I've not seen that. I only see the
price rise. Really when I see central bank demand and I see these reports coming out of people, you know, the average person like China, they're buying gold beans just like a bean about the size of a coffee bean, in gold, just as much as they can. It's not even coined, it's not even put into bars. People are hoarding it. And I think I've talked about this before, but China has like sixty thousand gold mines, and they don't they're not a net exporter. So and China and Russia they're
talking right now about a new financial system. The bricks want to back a new system with gold, a digital system. Zimbabwe, David, remember Zimbabwe that had the trillion dollar notes. They've they've got a new gold back currency that's emerging. So the monetary system around the world is going through a transformation. And as you notice the central banks buying gold, and what you have to watch is at while they're buying gold, they're also putting together the plans
for the rollouts of their own central bank digital currencies. That's the danger they're going to build. They're going to build this control They are building this control grid for all of us. It's going to lead back to the Bank of International Settlements and the IMF and other things. They're going to consolidate these clearing houses. We have to watch that here. We have to continue pushing decentralization, supporting states that want to have their own billion banks, supporting free markets.
And you know, there's a lot of argument about what's happening with the bitcoin ETFs, and I think you and I will continue to talk about that every week because it's really interesting and bitcoins solver seventy today, but bitcoin really drives the argument. It's like, why why are people buying it when they find out, oh, you can't make any more of them, and that becomes an that becomes a conversation conversation starter, especially when we're given you know
what, how many dollars are there more? There's just more, always just a little bit more, as they say, it's a little bit more. Well, and that's the thing you know about big kind. If you want to buy bitcoin, get bitcoin, But why would you get an ETF. You know, whenever I look at these ETF things, based on the experiences that we've had with derivatives, with these the real estate derivatives that they did,
you know, I mean, there's nothing. They're not making any more land, you know, as they always pointed out, and these were real physical assets and all the rest of the stuff. But they crashed it with an ETF, you know, they essentially with derivatives that they were putting through. To me, I look at this and you understand there's a couple of different things going on. I think when they create these these derivatives, these ETFs, of course they're going to make a lot of money off of it.
They've got a way that they can make money off of that. But I think they typically do that and they usually wind up up crashing the market, no matter how solid or real it is, just like they did with real estate. So you believe in bitcoin, you want to get into bitcoin, still be careful these ETF things. I wouldn't want to own them, but it would make me scared. It does make me afraid, you know,
even for bitcoin thing, because how they're going to manipulate that. They're going to get people into the bitcoin thing and then crash it and then try to push them into CBDC. We know they want to crash the financial system so they can establish this new system. And so that's another thing that makes me suspicious about why they would do these ETFs. So I'm very suspicious of both, you know, the ETFs for paper and silver and also for bitcoin.
I think, you know, if you want to get something, get the real thing, don't get this, don't buy the phony stuff from Jamie demon or JP Morgan or any of these people. I'm with you on that, and I've been in bitcoin since twenty sixteen. I had some of the first Bitcoin ATMs, and we've discussed many times. But I'm skeptical of the ETF side, and I like the coin. I'm not I'm not I'm not saying it's going to zero. I'm not Peter Schiff. I don't think it's
a I don't think it's a bad thing to own it. Don't. In my you shouldn't own the ETF because the bitcoin is just easy to get by itself, and you should have your own wallet, your own keys, and understand what that means. I mean, really knowledge in the in the coming years, the most important thing. Somebody asks me other day, what what's the most important thing? You know, what kind of equity? I said,
knowledge knowing how to use something. And go back to the third counterparty risk, you know, if I have a gold coin in my hand right now. That's mine. Does I don't have to worry about a bank. I don't have to worry about an institution or a CEO or or or embezzlement or anything like that or fraud. I've got it in my hand, and
if I bought it from a reputable dealer, then I've got value. And that's gold has been money and solver has been money for thousands of years, and it will continue to have value as long as I think as their civilization. You know, I've I've bought some coins from the Roman era and and them here at the shop. They're valuable because there's gold in them. Some of the ones that are debased, the old Roman coins have a little bit of value, but not much. It's the metal that made them valuable through
throughout the years. You can still use them as money. So I like in the coming years, I think it's going to be more important for cut out the middleman. You don't need ETFs, you don't need an institution, learn how to own things yourself. And that's one of the reasons I'm in the physical precious metals business, and we have things like the membership program, like a wolf pack, or even if you don't have a lot of money and you've got you just got a little bit, you want to put some
savings in, let let us do it. Let my team go find value for you with even if as little as fifty dollars. Yeah, that's why. You know, earlier this week I talked about, you know, what's happened in recent history with the brettwords two and on and what is happening with that. But when you look at these today, the articles that I kind of focused on were things from USA's Institute and other people. We're talking about the economics of inflation, because that's not going to go away. You know.
We talk about how you got paper, gold, paper, silver, paper, bitcoin and all the rest of stuff. Well there's still the paper dollar, which is the worst of these derivatives, the most easily manipulated, because they're printing more of it all the time, as you point out, you know, people look at bitcoin and say, well, they're not making any more of this or it's getting more scarce. So that's where we want to be because that's you know, it's the printing what they called quantitative easing.
It's the manipulation of the interest rates. They have so many different ways that they can manipulate the value of the paper dollar. That's just not a store of value at all. And then, of course, besides the way their direct manipulation, we've seen it many times in our lifetime get out of hand. And we're at one of those moments right now where these guys who are pulling the levers, you know, the guy behind the man behind the curtain, like the Wizard of Oz, once he gets into that balloon,
it's like, come back. I don't know. I don't know how it works, you know. Once he inflates that balloon, he's just heading off. And we've seen that happen with the Federal Reserve wizards many times, haven't we. They don't know how it works. They can't come back to where they were. Well no, and that's all Fiat currencies go to zero. So they're just playing a game in the intern, you know. And I think that the dollars going to digital, that's their plan. I think all
these plans have been accelerated. I don't think that we're supposed to be seeing right now the swift decline that there is. But you know, even go back to the allegory of the Wizard of Oz. This is l Frank Baum wrote that in the late nineteenth century, that was the cowardly lying was William Jennings Bryan, you know the Cross of Gold speech. And what was William Jennings Bryan talking about. He talking about free silver because we had such a
strong currency. The farmers wanted some relief and they hit the comstock load we had in the eighteen seventies out in Nevada, and they wanted to release that silver into the market to help ease the debts, to increase the money supply. Now it wasn't fake. They didn't want to dump fake money into it. They wanted to dump silver in there to give the and that was a populous move to give the farmer some relief. I think there's going to be
an argument for that. But the you know, the banksters ran with that, and and of course you ended up getting the Federal Reserve because they kept pushing that is a way to help h you know, stave off crashes and things like that. But that's where all of that. The the yellow Brick Road, uh, the Emerald Palace is the green Back you know, all that stuff on the Wizard of oz and it is it's it's it's wizardry. It's a it's an economic alchemy, and and you know that's a it's really
it's really insane to watch, David. I got into this business years ago. Uh and every year, every now, every month, and we're seeing some change in this in the monetary system, in the market. And you know, we were talking about a couple of weeks ago and I still can't get over it. You know, it took us from the founding of our country to the time I was born to go with trillion dollars into debt, and now we do it every ninety days. Yeah, yeah, I mean,
just let that sink in. Once you let that sink in, you realize we've passed some sort of boundary where we're never going to be. I mean, we're not even talking about fiscal responsibility or anymore. Nobody's running on that politically. So I think we've we've crossed some sort of boundary. So it's time to start thinking about how do you how do you thrive and survive?
How do you weather the storm of what's coming? It doesn't matter you and I can't stop it, you know, whatever it's, whatever's down the road. All we can do is prepare and try to use history as our guide. You know, what was the what happens in times of hyperinflation, and what happens in times of economic uncertainty or currency shifts. You know, you don't want to get left holding the bag. I saw that in Iraq, and that was a microcosm of those things. But I watched the currency
go to zero in real time. Nobody wanted to pay. People running out of the banks with boxes of Raqi dinar that no one wanted. Yeah, think about that money that no one wants. Wow. Well, yeah, we're definitely not in Kansas anymore. We're in Davos or something, or Bagdad or something like that. I mean, we're in some alien at territory. That's why, you know, grab something that's real, that's held its value for a very long time. And of course, as I you know,
we talk about it. You can handle transactions there at wise wolf and you've got the Buyer's club there wolf Pack. Anything new with wolf Pack that you want to talk about, well, we've got a new special seventeen seventy six. If you type in promo code seventeen seventy six year to David night dot Gold. I've got some free silver, So talk about William Jennings Bry I've got free silver. Go to wolf Pack. We'll give you free silver. We'll put some silver in the package for you. If you upgrade or if
you join, we'd love to have you. There's more people that join. I think it's all. We're right out of almost a thousand, and I want to celebrate when we hit a thousand. It's been a lot of work. I got a great team here. We're always packing, packing new packages and tracking things that I know why the big guys do do this now I'm happy to have done it. It's really it's what sets us apart because we care about We flipped everything on its head. We're not just chasing people that
have a large savings account or a retirement account. We're talking to everybody, and everybody deserves to be able to have real precious medals. They can trade their fake currency and for real money, and we do that here at wolf Pack. So yeah, promo code seventeen seventy six. I'd also like to
say too, David. With the markets the way they are, we are pretty much seamless now on being able to any kind of IRA four one k. If you've got it in the paper markets and you're interested, you should reach out go to David nightdalg Oh, let us know if we can walk you through what that process would look like turning into physical precious metals. We
can do that without penalties and all that. We just use our partner company, New Direction Trust and even if you can't do a wolf pack or you don't want to do it monthly, we have one time orders and nothing's too small. That's what that's what wise Wolf's here for. And we've got a great supply line, we've got a good team and we're just we're still happy to am proud to sponsor your program. Well, thank you, and of
course you know taxes are coming up April fifteenth. If you haven't put money into your IRA, you've got just a couple of days to do it. And you know you might want to do something with some kind of precious metals IRA through a new dimension that works with you. There at Wisewolf Gold dot gold and people can get there by David Knight dot Gold. Always great talking to you, Tony. We're in really interesting times and and I know it
gets really difficult for you. As everybody sees the price going up, that gets their attention and and everybody starts investing in it fear of missing out. But I don't think that people have missed out at this point. Neither do the people who are writing about the from it from a financial and economic standpoint. They think there's a lot left and this because they're going to continue to
try to feed the inflation beast for this election at the very least. And that's assuming that they know how this balloon they inflate it actually works and they can control it. I don't think they can't. Let's get away far too many times. That's one of the best analogies I think out of the Wizard of Oz. Thank you so much for joining us again, David Night. Digol will take you Tony at wisewolf goal. Thank you, Tony, Appreciate you. David. The David Knight Show is a critical thinking super spreader.
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