INTERVIEW Texas Says Digital Gold Depository is Illegal - podcast episode cover

INTERVIEW Texas Says Digital Gold Depository is Illegal

Apr 25, 202439 min
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

As gold fever increases, scams will too.  What's the difference between this digital gold depository in Hong Kong, physical metal depositories in TX & elsewhere, private vaults, etc. 
 
Tony Arterburn, DavidKnight.gold joins to talk about this, current market conditions, and base fundamentals

Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silver

Find out more about the show and where you can watch it at TheDavidKnightShow.com

If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show

Or you can send a donation through
Mail: David Knight POB 994 Kodak, TN 37764
Zelle: @DavidKnightShow@protonmail.com
Cash App at: $davidknightshow
BTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7

For 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT


Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Transcript

All right. Joining us now is Tony Ardaban of wise Wolf Gold, and Tony has set up Davidnight dot gold to take you to his website to take you to him and let him know that you came through me. Always. Good to have you on, Tony, Thanks for joining us. Sorry we're a little bit late. Hear you, David, I'm sorry. Oh you can't hear me? Okay, we're still having some problems. He had to update his zoom and I'm not sure what's going on with it. Can you hear me now? Yes, sir, okay, good, all right,

good, well, welcome to the program. That's what I was saying. Thank you, good to see you, Good to see you. I sent you this morning, this thing. Maybe you've seen it already. I thought it was kind of interesting. Article Texas says that a digital gold depository is an illegal multi level marketing scheme, and of course it's maybe the deadline is a little bit misleading because like a Texas gold depository is a Texas digital goal

depository, there's more to it than that. Tell us a little bit about what's going on with that and why that's not the Texas goal depository that you typically deal with. Well, yeah, it's very misleading, and I'm sure it was used to get clicks. But what happened is the Secretary of State for Texas shut down a multi level marketing company that was going to base itself in Texas and get people in Texas to invest in digital forward Gold. And

they're a company based out of Hong Kong. And of course, if you remember back in the summer, there was a big push by some of the Republican Party in Texas to get a digital Gold Texas currency on the ballot, and that didn't go through, but it was a lot of headlines and there

was there was a lot of people pushing that here in Texas. I think you and I spoke about it. I'm always just skeptical whenever the state wants to get involved in a currency, and so I oppose that, just just being skeptical of what the state does when they get their on a We don't need them, by the way, but if you look at what Texas does, it does have a buoyon depository. It's very professional. You can store

your goal there and really it's just keeping counterparty risks from affecting Texans. So Texans do have the ability to use the Boillyon Bank that is run by the state of Texas. It's about ten miles outside of Austin. They have this giant facility. But I think what this company might have been doing, and I don't know. I don't know enough about this company based out of Hong Kong that wanted people to invest or store digital gold and it's based on MLM

and recruiting others, so I'm not exactly sure what they were planning. But they got shut down by the state of Texas. And that headline on Kiko it made you look twice like, well, yeah, what do you mean Texas shut down itself. No, And I still think that the Texas digital back currency will come back in the headlines. In my opinion, I think there's going to be so many crazy things happening with currency, and even the

states. Not all of them are or a bad thing, But I do think we need to always be skeptical when the state gets involved in currency in general. Oh yeah, yeah, we need to be skeptical of that. And we also I think it tells us something else too about the current situation we're in. When there is a massive sea change in public perception about the

value of something and everybody wants to accumulated. That's when the scam artists start coming in, right, So that is another sign of the popularity of alternatives to the US dollar. That is that's there. And when we look at this, I thought it was funny. The name of the company was Billionico, like Billion Academy, and it was also very much like it. There was also a company that was a part of this is a lot of different

several different companies that were moving parts with part of this. Another one was Our Right Us, which kind of reminded me of Goldfingers. Company are enterprises, remember gold as au so it's like, that's right, the chemicals, So people will put that in there as a subtle hint that it's gold. But yeah, I'd add the hint of the a whiff of goldfinger in it. Didn't it look into this thing, did? And I think you're so

right. There's going to be so many of these emerging companies or quote unquote opportunities as we As we see the dollars continue to decline in use around the world as we lose the world reserve currency status, that's going to affect purchasing power. People are going to be rasping and strong. Really, you know,

there is a phenomenon of coins being sold out there. I see a lot of people bringing me things that are commemorative and twenty four care of gold plated, and it doesn't You have to be very careful of what you're buy, especially these there's a bargains all the way online. You can find a gold bar for seventy percent. Well, I can promise you that's not real. I've gotten so good at this over the years of people bring stuff into my shop and they'll start to just start to hand it to me and I

go, oh, no, it's fake. I mean, I can just tell it by looking at it, but most people can't. And that's why it's always important if you're going to buy see the thing about this digital goal that's I like cryptocurrencies. I buy mostly bitcoin. I've disclosed that I do like the technology. But you got to be careful when you're talking about buying anything digitally with counterparty risk. If you really don't own it, if you really don't, if you can't, you can't turn that thing whatever that coades

are the key. If you can't turn into something physical, then you've got a problem. And I think that that's a lot a lot of people that haven't bought gold or bought silver. They come to me a lot and the first thing they ask me is, am I going to get physical silver or physical gold? You're going to actually deliver product to me? And I think, yeah, absolutely, what else would I deliver? And a lot of times you'll hear people, well, there's certificates and other things that I would

get. Now, you don't want to do that. That's counterparty risk, that's right. Yeah, you want to actually have it in your hand. Do anybody ever come in and try to sell you some of those Trump gold sneakers melt them down? Not yet, not yet. You know, it is physical. You can't actually hold it in your hand, you know, but I imagine somebody will try to melt some. It'd be like trying to sell the T shirts of the team that didn't win the Super Bowl, something

like. Well, they say at the very end of this article, after they've clickbaited everybody into this thing, and it does sound like, you know, they're in Hong Kong and everything they's got a hint of, you know, the Shanghai Gold Exchange and the Gold and Silver ETFs and things like that where it's like, well they really have that in the vault, that type

of thing. You and I have talked about that many times. But they say that Texas Bullion Depository offers liquidity on the scale of comics and one hundred percent all risk insurance through Lloyd's of London was created to eliminate counterparty risk for Texas's Texans Gold investments. The depository is located on a ten acre campus and leand Or, Texas, just north of the state capital of Austin's that Were you involved with that or is it some other place there in Texas where you

are. No, I don't have any involvement with the state Texas Boullyon Depository, not that I'm opposed to it. I I deal with the trading floor in Dallas, and that's a private company. Yeah, it's a company called There's several wholesalers that I deal with. There's a hub in Dallas around Walnut Hill in the thirty five area where there's just there's exchanges and refineries and that's what I deal with. They also have the vaults for IRA storage and private

storage, so that's where I deal with mostly. But now I think I think it's good that Texas has that. I think every state should should follow suit. Every state should should make it legal for you to conduct business with legal tender of gold and silver, take the sales tax off of it. I'm all for that. I think that that's a big move for liberty for people in the future moving forward. That's a great that's a great hedge against

the central bank digital currency too. Is that the depository where the IRA people hold gold and silver and iras is that the depositoryors are yet other depositories that hold those IRA metals in Texas well. The storage that I use is I D S and Texas. That's also a link to dill Engage and they're a nationwide company. In course there's IDs is. They have vaults all over the United States, but they're private and you can use the Texas Bullyon depository in

many ways. I just don't. I don't have any dealings with them at this time. I think it's neat. That's glad. I'm glad they have it. But everything with my clients, everything I do is out of Dallas, Okay. Yeah. From Texas to Thailand. We have the Thai pension Fund is shifting its assets now to gold into oil. Looks like they're trying

to play at conservative. I think there's a lot of people that are looking at They've got thirty five million, thirty five billion dollars in assets, and they said they wanted to get it out of things that are risky because of what they see in the risky economic situation as well as wars, elections and everything else. So the tie pension fund is playing at conservative going into gold and oil. Interesting, as Mark, Yeah, better played conservative. Well

we need crude oil. Yeah, it's the lifeblood of civilization. That's why the so called progressives and the multinationals they want to shut that down. They shut down that, then they slow the wheels of civilization. So they're playing a conservative. You know else is playing a conservative ironically, it's central banks. And if you look at the they're buying gold record pace. China's buying it off the books and through subsidiaries. I wonder why why are they trying

to accumulate the most gold. That's an open question. But you know, if you look at the chart, David, it's really interesting. If you look at the chart of central bank gold buying and you go back to two thousand and nine, it was almost zero. It was I'm talking about all around the world, central bank demand for gold on their balance sheets was almost zero. It wasn't zero, but it was almost zero. And that accumulative. And now you look at the amount of tonnage that they're ordering. I

wish I could pull the chart up here on this. It's amazing. So you see the central banks are doing that. The smart money is going to be getting out of whatever chaos you're talking in this moment. It was a great presentation on the military industrial complex and just how rotten the state has become the intersection of so called business and government here in this Country's absolute fascism.

We're building this bloated leviathan warfare, state funding all these things, and it's schizophrenic, actually cootic, and this isn't gonna end well, that's right, yeah, And you talked about this is an American like, yeah, you're bolstering. I don't own defense stocks. I'm not buying I don't I want that blood on my hands. I don't. I don't invest in that. I don't care if it makes me so called money. I'm not going to do that. This is what this is, what's happening. This is what

Washington's based off of. It's just pure evil and they're building it and it's gonna it's a house of cars that's coming down because it's unsustainable. Eventually you meet reality, the rubber meets the road, and this isn't going to end. Well. So I look all these entanglements I talked about on my show

last week. If you think that it's just par for the course that we're giving Taiwan this kind of money now in twenty twenty four, when if you know the timeline in nineteen seventy nine, on January first, they knew Brazinski and Jimmy Carter cut off communications with Taipei. We agreed to a one China policy in nineteen seventy nine. What's different, Well, the difference is the military industrial complex is hungry. So all of the markets that whatever's happening right

now are completely skewed. So to go back too, this investment firm at their right to get out of anything that is tied to this so called market and stock market, because I don't know where you're finding profit. I don't know where you're finding equity in this kind of chaos. Yeah, yeah, And truly is amazing. And as I said at the beginning of the program, you know, how much is it going to cost us per household? Thirteen hundred dollars so far per household we've given to Ukraine just in this last

bill seven hundred and thirty dollars. And that kind of debt is very inflationary, and so it's going to hit us in those type of people say well, okay, that's a deficit, and we don't We've never paid off the deficit. It just keeps accumulating. So I'm not really concerned about it. Most people have gone to sleep. They bought into this magic monetary theory, and yet what it does is it creates inflation. And that's what everybody is

going to feel. And of course you and I have been through that first round of inflation back in the late nineteen seventies early eighties. And it gets to a point where even after they decide, okay, we're going to start raising interest rates and doing some other things, they start pulling the levers and they can't really pull it back at that point. It's taken. It is amazing to watch. They don't know how to fly it help. I can't fly this thing. I don't know how it works. You know, that's

where we are right now. I think we're all absolutely that we are. And what's amazing is the old tricks that they're trying don't work anymore. Yeah, it literally hasn't done anything. They raise rates faster than any time in history. We've talked about that many times. Why isn't the price of gold under what it was in August of twenty twenty. It keeps going up? And the reason is is because demand is up. Because we're really ushering in

a new financial system across the globe. David Bricks, nations are breaking away. They're creating a new digital currency, currency system for trade. There was a headline the other day that Chinese imports of Russian oil are at the highest level ever. You know, it's funny we talk about these wars and Speaker Johnson, all these interventions that we're doing, but you see the rest of the world starting to form their own alliances, and they form them economically.

Those are the ties that mine. If you're watching it closely, if you're really paying attention, the stage is being set and the Grand Chess board is reshuffling. I'm very, very cautious, moving forward, looking at the looking at the environment, looking at you know, the outlook to me, very dangerous and I try not to predict price or anything that's going on, but

it's very fragile. David, and these other nations moving economically, binding themselves together, the United States blundering in it's almost like we're not able to stop it. But it is this slow motion. Yeah, like you can just see that we're just where what is it, slouching towards Bethlehem to be born, Like it's you know, William Butler Gates poem. I mean, it's just it's awful. And you see, you can't stop it. It's continuing

to grow and grow. And you know, all we can do really here is to try to prepare ourselves and our immediate family for these type of economic You know, what did Jamie Demon call is that economic superstorm? Is what he said was going to happen about a year ago. And then I saw the headline on Drudge he says the economy is doing great. See that's what I know. Things are really bad. When Jamie Demon says that they're doing fine. Yeah, he's the contraindicator, right, He's not like Pelosi's stock

picks. You know, I feel like we're on some aging B fifty two bomber going really slow, heading into bombing run, and we're going to get shot down, and we're trying to get the pallet to pay attention, and instead he's left the cockpit and he's trying to rip apart the electronics and the hydraulics and everything else on the plane while we're going into battle. You know, this is what we see doing. They're destroying everything in this country.

They're like Grimlins on a plane, pulling everything off, and yet they're flying us into enemy territory, has a threat, you know, and we know we're gonna get shot down. It's like it's absolute insanity, isn't it. You just think I think you and I are both we're both Shatner. We're both Shatner on that Twilight Zone episode Terror twenty thousand feet when he keeps look on the wing, there's a kremlin. We got to tear it in the plane apart. A calm down, sir, Everything's gonna be okay. I

can see the Grimlins, folks. So that's that's what keeps me up at night. Oh yeah, there's bunches and bunches of them as right right, this kit Co article says, you know, we're not even in a recession, and look at what is happening with this in terms of the way that the Fed is acting. And I thought this is an interesting way to put it said. They said, bitcoin and gold are gonna sniff out this incoming

massive of money printing. It's not going to be five or six trillion dollars, it's going to be ten to twenty trillion, because that's where we are in the leverage of the system. It's an endless debt doom debt loop that we're in, and we've got to keep it going and that's the only way. So the need they need liquidity in the treasury market. If that becomes dysfunctional, that's a major problem for the Treasury because of all the deficits that

we're running. So you know, that's a that that really is where we are. They're just at this point they don't really They've got to keep this thing going as much as they can, and they can't really shift gears and go in a different direction. They're kind of trapped as well. Well, I'll say it again, the federal Reserve Bank. The people that make the money lost nine and forty nine billion bucks on their balance sheet. They lost money. What are the people that make it? So things aren't good?

I mean we you know, it took us from seventeen seventy six to nineteen eighty to go a trillion dollars in debt. Now we do that every ninety day. So the wheels are off. No talk of fiscal sanity. This isn't coming out of Washington. The states are starting to catch on and they're building these bullion depositories looking at I mean again, I oppose the Texas Gold

digital currency because I don't think the state needs to be involved. But there are certain measures that are positive, like taking the sales tax off of gold and silver bullion, being able to use it as legal tender. These are all positive moves, and even getting the state treasurer here in Tennessee to start accumulating gold and they've done that in several states and said you're allowed to do

it. They don't require them to do it. They say, well, you're going to be allowed to accumulate gold and silver and some things like that, because they're very concerned about what's going to happen to the entire financial system. And so just like this tie pension fund where they're going to put it in gold and oil, Okay, you guys can invest in these commodities here to try to get out of this financial system that Washington is working very diligently

to implode. Well, that's why Brick is such a challenge for US global legimity. You look at their emerging financial networks that they're putting together. The lifeblood of the American Empire, the lifeblood of our bloated leviathan, is currency. It is the US dollar. So if we lose that, we lose the ability to endlessly, which we are losing. It's not theory, these are just statistics. You go, seventy five percent of all global transactions,

we're done in two thousand and one. Twenty plus years later, it's forty percent and declining because of the sanctions that are put on weaponizing the dollar throughout the last many decades. I just saw a headline that Russia was freezing hundreds of millions of dollars and JP morgan Chase assets. So they're firing back. I mean, they don't have the same kind of leverage where the billions are frozen, and Janet Yellen was talking about how necessary it was for US to

reappro opreate those funds. This is economic warfare. It starts in currency wars and goes to trade wars, and then it goes to actual kinetic wars. Unfortunately, you and I don't want any of these things. It's gonna especially in today's modern era where you've got nuclear weapons and like untold horrible things that could be unleashed. What did Einstein say? I don't know what World War three will be fought with, but World War four will be fought with sticks

and stones. And that's how dangerous this is. But that's where we're that's where we're going. And the Pentagon three or plus years ago ran a simulation against a gen Z bitcoin revolt. That's the Pentagon running a war game on what would they do. They have an emerging generation of people not use the petro dollar, so this is real. They know what drives them, except the politicians. It seems. I don't know if they're like another species.

They really don't understand the history or consequence is you know, I don't know. As having a conversation with a good friend of mine, last night about evil, and it's like the evil only infect weak people. I said, I think it really just goes after the uninteresting because that's who that's who they send to Washington. They're not just weak, but they're uninteresting and not introspective at all. They don't have it. They're not questioning their own judgment like

any sane person would. So we're we're on this, We're on this trajectory, David. It's the more you know, your presentation this morning was was excellent, especially bringing in Ron Paul talking about, you know, just how devastating, uh this legislation has been and the foreign aid and the provocation leading us into a potential cataclysm, all the while the financial systems falling apart. I don't know, I'm trying to I'm trying to be optimistic, David.

It's we have leaders who are who know what's happening and who will speak out, but they're in the minority. And you know, when we look at our incredibly complex and expensive even defense budget, our super weapon has always been our economy and our money, and now they're destroying that as well. You know, that's one of the things that by this day is destroying the purchase they reserve currency. Is that first thing he did was targeted towards that.

It's like, are you getting that's the main strength of the US military is all that money, and yet you know it's also being poured into extremely expensive and complicated weapons systems. I was just reading something about simulation they did back in two thousand and two. It struck me because the guy who was had a marine general who was running playing the role of the Iranians and it was you know, in the straight of Horn Moves area and things like that,

and he was he destroyed the entire American fleet. So they changed. They didn't learn anything, they just changed the simulation rules so they could win. You know, it's like there's no use to doing this because they can control

the money supply. But we've got these big expensive weapons systems. You're talking about the big aircraft carriers are not going to work that well in the shallow water like that, or whether you're talking about the tanks that are being destroyed, you know, ten million dollars in one Abrams tanks that are being destroyed

by five hundred dollars drones. It's going to be a radical change like that, And you know, that that big leverage that we have in terms of capital investment in the military industrial complex and these incredibly complex systems, that's all just vanishing. If it's not already gone, they just don't realize it yet. And then even of course our ability to be able finance that stuff is

going as well. So even if those complicated and expensive weapons gave us an advantage, which I don't think in the future they're going to, we are not going to have the financial strength to do that type of thing. Well, we alone are the author and finisher of all this. We created all these go back to the follow them all. In the fall of the Soviet Union, we had a once in a multi generational chance to restore the American

Republican. Instead we went on the crusades. You had the wolf of Witz Memorandum in nineteen ninety two where Paul Wolfwitz drew up and basically the same thing that we're doing now, which is encircling Russia with NATO. This is just off the heels of US promising we wouldn't expand NATO if they would peacefully would draw into their own borders. After the fall of Soviet Union, back into Russia. So we've been. We've been complicit in our own demise, and

we're bringing about all these enemies. We fractured all of our alliances, the real true alliances. We didn't build any new ones. We certainly created more and more enemies. I mean, people will talk about Iran as the premier nations sponsor of terror. Well, who had they invaded? I mean, I'm not defending Iran, but I mean it's an open who are they invading? What sovereign nations they did they cross into? Again, these are we

don't look at the big picture. Sure, all of our intervention has consequences. The CIA calls it blowback, you can call whatever you're like. But the rest of the world is tired of us. We have forty different sanctions on thirty six different countries financially, and that's not to mention all of our bullying that's gone on far too long. The rest of the world's caught on

and they're done with us. Well, that's why we got to ron in the first place, because of our bullying and because of our coup most of that. Yeah, So, I mean we created that mess in Iran right now, everything they do is because of you know, it's a blowback to our shaw of Iran and our coup there. That's that's what we got in

response. All of our foreign policy has resulted in more and more risk to us and to the world, and I think Ron is one of the best examples of that, absolutely, and it's it's the genesis that that's the beginning

of our ventures and failed policies in the Middle East. When we decide to overturn Mozadek in the Operation A Jackson the early nineteen fifties, but installed a Shah of Iran in nineteen seventy nine, you had the four hundred and forty four days of the Iran hostage crisis, and you could get into what happened with John Lear and some of the George H. W. Bush and the meddling in the election there was to be in nineteen eighty you can talk about

that. No, that was again, that's that led us into all these conflicts that we're having now. The intervention always has a consequence, yes, and we're left pretty friendless that here at the end of the day, we've debased our currency, we've destroyed our military, rotated into oblivion, we have no board. The rest of the world is watching we don't even have the

ability to have a border. Yes, I mean, what kind of confidence are we And when we left Afghanistan the way we left it, with the billions and billions of dollars worth of equipment, weaponry, and abandoning those that helped US translators and those who'd worked in the in the interim government and worked on the US basis, and we just abandoned them. The rest of the world took notice. As a matter of fact, Saudi Arabia went and signed

to deal with China right after that. So I think in the real way, we need, as the American people, we need to realize with its latest deal that Washington has abandoned us. You know, were not a dime for the border, but three and a half billion dollars put in there for migrant welfare and other things like that to be used as the State Department sees

fit. So you know absolutely nothing about America or actually you know, protecting America, and yet this is all done in the name of defense of America. It's amazing how hypocritical of the whole thing is. But let's talk a little bit about what's going on with the gold market. What's going on with wise Wolf this week. Well, the gold markets pulled back a little bit, but it's hard to imagine that we were here at the twenty three hundred

twenty four dollars range for gold. That was a that was a swift rise. I think you and I were talking, what's six seven months ago, gold was eighteen hundred dollars plus announce and it had been sitting that same air, you know, a range for the last couple of years before that, you know, maybe broke two thousand once or twice. You know, after the invasion of Ukraine by Russia, there was a bump, but nothing like we've seen now. We hit all time highs like five times in the last

forty five days. I think there will be a little bit of cooling off now. I don't think that gold's gonna again. I don't know for sure, but I don't think that gold's going to go from twenty five hundred to twenty five hundred to three thousand or something like that anytime soon. Probably we'll finish the year a little bit stronger, in my opinion. But that's that's just gonna happen naturally. David. When we people ask me if things are going to go up. Well, the number is going to go up because

the dollar is going to go down. Which you're watching is the inversion and the loss of purchasing power of a currency. So central bank buying is definitely driving it. Because I'm watching transactions in my business are looking at smaller units of gold. Whereas I'm selling the people are selling me ounces of gold. They were selling me larger bars of gold. I'm taking that to the trading floor in Dallas most of the time, and I guess that gold's going somewhere

else. I think it's I think it's central bank demand, in demand by China. It's continuing to drive the gold price, and we'll continue to drive it for a long time. Even if markets, even the stock market and the paper market starts to be in a recession. I still still think gold will be in these We'll still have the same range in numbers. But it's hard to say silver is doing its thing. It's still undred thirty dollars and

it's cheap. It's in the twenty seven plus range right now for spot, so I still think, you know, we're a couple of hundred million ounces short coming up on this year for physical silver. So the the above ground stock is dwindling. I think that will eventually kick in, but these things take time, and I'm glad silver is cheap right now. You can still get some great deals on silver bullion. I think that's a great long term play. Again, not really investment advice, but just housing your wealth.

And we do that with the wolf Pack program, you know, the monthly membership program. Just try to make it affordable, easy and give you some variety on the different types of coins and bars and a little bit of education. Well, and of course you don't give financial advice, but the people who do, I guess City Group and Goldman Sacks. I mean, both

of them are calling for big increases and gold. This article says a City Group is now calling for three thousand dollars gold over the next six to eighteen months and upward revision of forty percent. Goldman sees a twenty seven hundred dollars ounce gold price by the end of the year. UBS is calling for twenty five hundred dollars a year in price target. The bottom line is that inflation is not going to go away at three point. There's absolutely no way they're

going to get rid of inflation. There's absolutely no way, they're not going to continue to go into more and more debt and to accelerate the way that they're going into debt, especially when you come into an election year. And even though they might try to manipulate the interest rates coming into an election year and that would be bullish for gold and for metals and for bitcoin all the rest of that stuff, and they start to lower interest rates, the stuff

is going. It's gonna hit the fan next year, regardless of who's there. And you know they're going to just just pull out the stops, I think, to try to do anything they can to keep this thing going. And then you've got the fact that they are deliberately looking to completely re engineer the financial system. That is really what is behind this. That's why they got the Grimlins tearing the plane apart, is because they want to completely re

engineer that and push us into a CBDC. And that's something that is unique that we've not had before. That's why I focus on me personally, why I focus on having something that is physical, because I know how much they want to get us into the digital world so they can survey and control everything that we do eventually, and so that's why. I think, you know, getting into the physical world and getting into things that can be exchanged anonymously.

That is I think a real key for the future as much as any of the economic protections. I think, Well, it is interesting they're going to have inflation numbers are worse than they expected, but they also need to figure out how to stimulate the economy. So I don't know what they're going to do. It seems to me getting closer to the election, David. If i'm I'm a betting fan, so I usually am, I would say that they are going to lower rates inflation just to get that temporary high.

Yeah, going into the last quarter of twenty twenty four. You're right, And if that's what these financial analysts are looking at, I mean, twenty five hundred dollars gold doesn't seem that far away, and those are giant jumps for a goal. We'll just have to see how it all plays out. On price, I'm not so much concerned about price as I am availability to be able to source it. It's not what people think it is. The

supplies are not what people think they are. It's if you've got to get with a good make sure you have a good source dealer to get that. That's what I why I have a second location in Texas. It's why I've opened up the North Texas location. Is trying to get more supply, and I think that's going to be an issue. But you're right about the central bank digital currency. All of this, in my opinion, is on purpose. They're rooting the treasury just getting ready for the Great Reset. That's what

they tell you they're going to do. It's called a great Reset. As a matter of fact, Zero Hedge had an article out the World Economic Forum is applauding that what ninety two percent of countries are adopting central bank digital currencies. This is coming from from Davos. Of course, it's the usual suspects, the multinational banking consortiums that are pushing this control grid. And the way to be out side of it is to have something that's decentralized. I like

physical gold and silver. Yeah, it's kin no counterparty risk in your hand. That's why Katherine austen Fitz talks about cash, talks about gold and other things like that, because you have to have financial transactional privacy. That's that's going to be a key thing in opposing this CBDC stuff. Well, and again, you know, gold is the kind of the tortoise. I think

the wins the race, you know, slow and steady. And there's another slow and steady way that you can accumulate that, and that is with with a wise wolf gold and the wolf pack, where you can people can sign up at a lot of different levels and gradually accumulate that on a month to month basis, but then still get the discounts as the bulk discounts of being in a buying group. And you got over over a thousand people now right,

almost eleven hundred. Now we got a big, big bump after going on tenfoil hat and that's just kind of spreading more and more, and the word of mouth helps out a lot. I'll be announcing soon We're going to have an affiliate program come out soon. But I'm just so busy right now filling orders. I can't. I'm just I'm not doing any new marketing. I was like, okay, we've got to make sure all the orders get

filled. And it's you know, you'd bump two hundred members really quickly, and that'll teach you, and that'll teach you to do all that marketing Tony, so I gotta be careful. I'm gonna be careful not to do that. So I've been filling orders, but we're really excited about it, and the more people that join, the better deals I can get. And I think that our products are better than ever i've seen. We've got like almost

six hundred five star reviews through our website and people people love it. I mean, I can't please everyone, but I do put a variety in every pack. I mean, even going down to the Wolf Cub at thirty five bucks a month, I put in gold backs. Every level gets a gold back, and I've been buying lots of fractional silver, just stuff that you

can use the same thing with the gold. I mean, I buy the sheets, the gram sheets of gold at there are one hundred and each each sheet, and I will take them out, take gloves and take them off and put them in a separate ouch and a coin flip and I can cut your Probably I'll save you twenty bucks a unit on those just by doing that instead of you buying it direct from one of the bigs. So you know, we're not perfect, but we definitely try, and I think that we've

got a lot of great products, and we can also go direct. I've had a lot of your listeners come over and roll over their their iras in four oh one ks, and I've gotten that down to a science. So we're doing that every week, and I think that's that's something for people to look into, especially if you're not comfortable with what David and I were discussing with these paper markets and looking at what these other large investment firms are going

into crude oil and gold. There's a reason for that, and it's because it's it is a lot. There's a lot of fear, uncertainty, and doubt in the markets for sure. Yeah, it's looking a lot like the nineteen seventies again, except that jeryld Clinti said instead of stagflation, it'll be dragflation dragging everything down. So it's like, oh, that's good news. I mean, you know, he tells it like he sees it, and he's been really depressed lately looking at this stuff. So you know, we

just do the best we can with what we've got. We have to always look at it realistically. You know, you don't want to say, well, I don't like that, so I'm going to ignore that. That's what the military does with their war games. We don't want to do that. But thank you so much for joining us, and thank you for your support. Tony. Really is great to have you helping us here and for such a long time. You really do appreciate it. Thank you very much.

I appreciate it. The David Knight Show is a critical thinking super spreader. If you've been exposed to logic by listening to The David Knight Show, please do your part and try not to spread it. Financial support, or simply tell the others about the show causes this dangerous information to spread. Father people have to trust me, I mean, trust the science. Wear you mask, take your vaccine, don't ask questions using free speech to free minds. It's the David Knight Show.

Transcript source: Provided by creator in RSS feed: download file
For the best experience, listen in Metacast app for iOS or Android