➡ Tony Ardeman from Wise Wolf Gold discusses the recent surge in gold prices and the decreasing gold inventory worldwide. He suggests that the trend of breaking all-time highs for gold against the dollar will continue. Ardeman also talks about the possibility of a return to a gold standard and the impact of tariffs on the repatriation of physical gold. He predicts that the demand for physical gold will expose the discrepancy between paper gold and physical gold in bullion houses.
➡ The text discusses the current trend of people selling their silver and gold due to economic pressures, while large institutions and banks are buying these precious metals. Despite the low prices, these institutions see value in these metals, especially with the ongoing inflation and economic uncertainty. The text also mentions that Russia has recently added silver as a strategic reserve asset, indicating a shift in the market. Lastly, it suggests that despite the current selling trend, individuals who can afford to accumulate precious metals may still have an advantage in the future.
➡ The demand for physical gold is increasing due to factors like inflation and a decrease in trust in traditional institutions. This is causing a spike in gold prices and a potential supply shock, as gold is not as plentiful as many believe. Countries like South Korea have suspended sales of bullion, and China has made it legal for insurance companies to hold gold. This, along with the rise of cryptocurrencies, suggests we are entering an era where gold is regaining its status as the world’s reserve currency.
➡ The discussion revolves around the current economic situation, the value of gold and silver, and the potential for a currency reset. It also touches on the increasing demand for silver due to its use in various industries like solar power, electric vehicles, and medicine. The conversation further delves into the discontinuation of the penny, hinting at a possible move towards a cashless society and highlighting the issue of inflation.
➡ The text discusses the issue of inflation and the devaluation of currency, suggesting that the rising cost of producing coins is a sign of a failing fiat system. It also mentions the increasing shift towards digital currencies, with figures like Elon Musk making significant moves in this area. The text warns about the dangers of a cashless society, arguing that physical currency is important for freedom and privacy. It concludes by suggesting that the removal of the penny could be the first step towards a cashless society.
➡ David Knight and Tony Arderburn discuss the value of physical gold and Bitcoin, and the potential for urban mining. They mention new products on their site, including 1 gram gold bars and 90% US silver coinage. They also discuss the possibility of buying Bitcoin through their site, and the various forms of gold available. The conversation ends with a reminder of the current post-election sale on silver and gold.

And now Tony Ardeman is joining us of Wise Wolf Gold. Of course you can get there through DavidKnight Gold. That will let him know that you’re coming through us. And it has been a whirlwind of events, hasn’t it Tony over the last couple of weeks. It’s been two weeks since we’ve talked to you and it’s amazing how much things have changed. I don’t remember what the price of gold was when we talked two weeks ago but it’s been setting all time highs all the time. Where is it today? Oh, let’s check really quick. Spot price for GO2914 Luciferian bankster notes make a troy ounce of the yellow metal as of right now.

Wow. And of course it’s the, you know, look, 13th of February 2025 look back and I think this will be seen as the era of cheap gold. Honestly David. Yeah, we’ve seen this continues to break out and break all time highs and I remind the audience there wasn’t an all time high between 2011 and 2020. There was no all time high and we’ve broken the all time high for gold against the dollar over 30 some odd times in the last year alone. So this is a trend that’s only going to continue. And I want to talk to you today about disappearing gold inventory around the world in different vaults.

The Chinese, the Russians, the London markets. It’s being revaluated and reallocated all over the world. It’s really interesting to watch. And you’ve talked about this for the longest time. You said. We talked about the paper gold. I read a long article earlier this week about silver and a guy recounted his experiences. I forget what year it was but it was right after the Great Recession. And they said, well, we want to take some delivery of silver. And what should have taken five days took us somehow like nine months or something. Right. And he kept, and he talked about the different excuses that they made, they kept putting it off and everything.

But we’re seeing that and I think it was after the last time I talked to you, you and I have been talking about for the longest time about paper gold and paper silver. The Shanghai Gold Exchange and how. Well we don’t really think that all that stuff is there. It doesn’t seem to move in sequence with gold. When gold makes big moves it just kind of stays the same. Sometimes it goes in a different direction. Something is weird going on here. And he said, yeah, I think we’re going to find out that they don’t have all this Stu and when we find out then that’s really going to shake up the market.

Well then we had the London Metals Exchange and you know, they can’t a lot of stuff is being repatriated. And you were the actually you mentioned that two weeks ago and you said I’m going to break this news here. What is happening in London. And I’m still not sure as to why so much stuff is being pulled back into New York. Does anybody come up with a motivation for that? Well, there’s speculation that Trump may do another executive order overriding FDR and Nixon, returning us to some sort of gold standard. I don’t believe that by the way, but there’s a lot of rumors floating around because of the flurry of executive orders and some bold moves being made.

You’re going to have to do something radical to stabilize the dollar as the world continues to de dollarize. So those things might be simulated on the table, I don’t know. But that has to do with tariffs, David. It’s a, this is so we always knew that something would happen, some event would, would trigger this exposure of paper gold versus physical gold in the bullion houses. And the west has been playing a dangerous game since the late 1970s where I believe and I my I’ve interviewed Stuart Angler who wrote the book Rigged. I do believe that the powers that be in the central banks collude with the bullion houses to ensure that the price of gold does not continually expose the weakness in the dollar.

That’s the game behind all of this. You’re talking about the story with the Canadian buyer about silver after the Great Recession and how that exposed what was wrong. And if you remember silver and gold, that’s when gold reached over $1,900 an ounce. This and silver went up to close to its all time high of around $50 an ounce. And that’s when Ben Bernanke came out and said oh wait, wait, well this, this is going to be calmed down. We won’t do tarp again. We won’t do these kind of injections. There’s going to be regulation, we’re going to fix all this and the markets calm down.

And that was, that’s, that’s a long time ago. You know, that was I think the debt of the US around there was around 11 trillion. So it seems pretty quaint in those times. We’ve long since crossed the Rubicon of massive quantitative easing and currency injection. So I think what’s really being exposed here, David, I think at the End of the day is that the bullion houses are going to see a record number of orders being sent in to say give me my gold and they won’t be able to make it. So it’s really the, the tariffs causing the repatriation of physical gold around the world and the uncertainty of that, of that, the tariffs being placed on, on incoming products into the U.S.

all of this is creating chaos. That, that little bit of chaos. And I was thinking of, you call it a black swan, you could call it a black gone event. This is where you’ve got, Donald Trump is going to inject this chaos and this, what this could be the trigger that brings in the entire revaluation of precious metals. Yeah, he is a chaos agent. And isn’t it interesting that he has as his Treasury Secretary the guy that was leading the effort for Soros to break the bank of England. And so he’s bringing him in as Treasury Secretary, he’s like, hold on, it’s going to be a wild ride coming up in the next couple of years.

I tell you, it’s amazing how quickly everything is changing. And again, he is there as an agent of chaos. I’m absolutely certain that’s why they installed him. That’s what it appears to be. And would we be watching this price move if it had been a different outcome in the election? I still think we’d be marching towards $3,000 an ounce gold, no problem. It’s just that the reasons are different and it doesn’t really matter. The fundamentals of what causes the price spike in precious metals are all there. We definitely can’t explain silver just yet, but I think those things are about to come to a head as well because of the above ground supply doesn’t meet demand.

And if these, the contracts for paper silver continue not to be fulfilled, all bets are off. You’re no longer going to be able to see it’s $32.23 an ounce right now for silver that’s so insanely cheap given the debasement of the dollar over the past 50 years. It’s insane. And again, I remind people the all time high for silver was $52.50 an ounce in 1980 and 5250 in 1980 is like $300 today in purchasing power. I mean, I don’t know the metric, but it’s off the charts. So precious metals in the face of the currency debasement, especially with the dollar are still insanely cheap even with these all time highs.

Yeah, yeah. There was a listener who sent me a YouTube video. I mentioned it briefly. I’d like to get your comments on it. Guy’s got a channel, he calls it Silver Seeker. Maybe you’re familiar with it, I don’t know. But he was at a coin show. And I don’t know if it was strictly silver, if they had other stuff there, but, you know, they’re selling collectible coins, but then they’re also just selling regular rounds and things. And so this guy went to all these different dealers and most of them would speak on record on the camera.

But then there was another two or three that he said they didn’t want to go on record, but this is why they told me. But they all said, I’m just not selling any silver. And he goes, everybody wants to sell it to me, and they’re coming in and cashing in stuff. And so he goes, it’s really strange. The price of silver is going down. The guy who sent it to me said, yeah, when nobody wants something that’s got value, that’s the time to accumulate it. What is your take on that? Is that what you’re seeing at Wise Wolf? Yes, it’s absolutely bizarre.

The prices are moving upward, but at the same time, the average consumer, the buyer that I normally have, isn’t there. And so I wonder. That doesn’t. That doesn’t support the economic theory of supply and demand, except for there is demand and it’s institutional. So that’s what you got to watch. The reason, like, I’ve made so many trips to the trading floor and it’s been a wild ride the last 120 days. I’ve never seen my business like this in the entire time I’ve been open. And people selling to me things I, you know, normally don’t buy, lots of, which is like the larger silver bars, those are for people to keep long term.

Like when people come to me and they say I want to store silver long term, I generally put them in larger bars. I’m like, well, just, you know, let’s get as many ounces as you can for your dollar if you’re not going to be using it to trade or anything like that. People are selling me a lot of that kind of stuff. And the buyers that normally are there aren’t there. Now, we’ve had an uptick in the last couple of weeks. It’s been great for, for individual buyers. That’s. That is a very apt analysis of what’s actually happening.

I can, I can call the big brokers. I talk to them all the time. Every single day. They See the same thing. So everybody’s selling and the prices are declining, the prices are going up. And so I would, would tell people in the audience, if you’re smart, you’ll look and see, you know, again, look at the price and then see that that has a demand. Somebody’s buying it. It’s banks, folks. I remind JPMorgan Chase is the largest holder of silver in the world. They were convicted of suppressing the silver price. So wrap your head around that.

Again, all of this was really about institutional central bank buying, whether it’s silver or whether it’s gold. I mean, Russia just put silver as a strategic reserve asset on the books. They’re the first country to do that really, since the Chinese were PR. Primarily the holders of silver in the 20th century, early early 20th century. So this is an interesting time. I still think that the prices are insanely low. But we do. When you see, when you see the people not buying, and that’s, that’s the problem right now with precious metals is people are selling like crazy, but somebody’s buying it.

And that’s what I would remind people. You should, it’s something you should look at when the big, when the big banks and the institutions are buying. You should probably think about it. And I think some of this is going to be due to the fact that individual consumers are feeling the pressure of inflation and that’s why they’re cashing in on this. Even though the price is low, you know, you have to do it. If you got to, if you got to get some, if you got to cash in so that you can pay your taxes or do other.

That’s one of the things he said. Some guy came in, I asked him, why are you doing this? You know, he says, well, I got to pay taxes, and so I’m cashing a bunch of silver to do that. But things are getting hard for individuals. And yet the big institutions, the big banks, they see the value that is there and so they’re profiting at other people’s expenses. I absolutely agree and I totally understand that. And that’s why my company exists. I’m happy to buy the product I wanted. I’ll buy everything. That’s not an issue. I just found it to be highly strange.

The percentage of selling to buying that I’ve never seen before. That’s what caught my attention. And you are correct. There’s inflation, there’s economic uncertainty. People are, you know, it’s harder and harder to keep up with your bills when you, when your dollar goes, you know, it buys Less and less has less and less purchasing power. I totally understand that. And that’s why we’re here. And that’s why, you know, I, I’m happy to help people out. So I wanted to add that. I mean I’m not, I’m not unhappy at buying that. I’m just, I think that, that people might miss out.

And it’s one of the reasons why we have wolfpack starting, you know, at low, getting low entry level. If you can just set something aside to accumulate precious metals, you’re still going to be ahead of the average person. Really. This, you know, where we’re headed with, with dollarization and the reset of the financial system, it’s going to get really ugly for the average person, unfortunately. I agree. Yeah. Dougalike says I’ve got a wolf pack on way to me as we speak. Angry tiger. What we’re just saying, he said people are selling their silver to make ends meet, just like they’re putting themselves in debt with credit cards.

It’s just a necessity because people are looking at how much things have gone up. Eggs and all the rest of the stuff. And of course it’s bird brain flu. It’s not the usda. These are things that are being done to us. But when we were talking about gold, we got up to what was the high that it got up to? Was it like 29.60 or something like that earlier this week or somewhere around that area? Right, right at that. David, I’ve looked in, you know, you have different markets, different spot prices will give you, you know, different readings.

But around that it was reaching reach very close to, to $3,000 an ounce. And, and I don’t think that’s, you know, this has been talked about. You know, Citibank was calling for $3,000 an ounce gold back in 2021. So I think this is probably long overdue. And we. If there wasn’t paper markets, if there wasn’t this sleight of hand, if there wasn’t like, you know, I mentioned we’re talking about silver earlier. It’s estimated that for every 250 ounces of silver that’s traded in the markets, only one exists in the, in the real world, it’s about 250 to 1.

And nobody really knows what the gold ratio is for paper. But I think that really is going to. You’re going to see an exposure there. Like I don’t think they’ve planned on it. The one thing that I don’t think they counted on was anything like tariffs in the modern, you know, Western liberal economies that we’ve all, you know, that we have to worship. The God of free trade, by the way. It’s a God that failed. And, you know, they have to continue to bow down to it now that all of a sudden all that, all those bets are off because of their failures and the, you know, political upheaval.

It’s a variable. Yeah. And it’s thrown a wrench into the system. So I think this could be a. Have a cascading effect, you know, in the short term, not to mention the long term. But in the short term, I think you’ll see a run up to $3,000 an ounce. Gold, silver will probably break out here very soon. Again, not investment advice, but silver will break out, I think very, very soon. Something’s going to happen. There will be a trigger event, maybe deliveries not made with nation states, large banks. Something will happen. And again, somebody’s buying. So I wonder if they’re running.

They got to be running these simulations at some level saying, okay, well, if we accumulate here, we see the price fluctuations given, you know, two or three quarters down the road for a big reset. So that’s. I would pay attention to that. Yeah. I remember back in the fall, you know, when it was looking like, you know, Lala was getting a billion dollars all at once and the media is pouring on the charm offensive and everything for her took a lot, but the, you know, so they were saying, well, we’re going to have gold up around 3,000 the first quarter next year.

Right. This year, this quarter. And here we are in the middle of the quarter and we, you know, kind of kissed 3000 at 2960. And then when Trump won, everybody. Okay, good. It’s going to be great economic times now. We don’t have to worry about any of this stuff. Plus all the crypto thing. Crypto gets this massive boost because now he’s going to flip the switch and they’re going to go in exactly the opposite direction. Instead of attacking crypto, they’re going to boost it. And so, you know, I put that commercial together before Christmas. You know, like the Trump euphoria is there.

Right. But as you and I were talking about then, nothing had fundamentally changed. And you even had blackrock. He says, well, what we’re doing, it doesn’t really make any difference whether it’s Lala or whether it’s Trump. It isn’t going to make any difference to what we’re doing. The fundamentals didn’t change. But it’s amazing the group psychology that was based on the election. But now here we are back to where the fundamentals were going to take us all along. And that is coming up to 3,000. And so as we look at this and what is the story in the past years has been the fact that central banks were buying gold and accumulating that a lot.

Now the story is rapidly becoming where is the gold and who’s got the gold? Who stole the gold? This headline here from Kitco, BRICS banks are bleeding gold bars. China and Russia face runaway gold demand and then London can’t find it. You know, and others. I mean this is the story and this is I think a bigger story than you know, the underlying fundamentals that are driving it. You know, they’re driving inflation, things like that are driving people to gold and then people can’t find the gold because there’s this fiction that you’ve been talking about. Well, I’ll add to that South Korea suspended sales of bullion.

They’re not part of brics. But this is international and in the, the fundamentals all existed even after the Trump election there was a lot of selling off. I love the commercial that you put together. You know there’s a, there’s a sale on silver and gold. People started selling off to get into the markets and things like crypto, which is good, I mean there’s going, I still, there’s still a crypto revolution with the question mark hanging over it. I think that it could be great for, for everybody. However the rest of the world still exists. I would add that that’s what’s causing the spike in the price of gold fundamentally as you mentioned, the BRICS banks.

That’s an article that’s up on kitco and I read that this morning, you know, Russia and China. But when you read into that, that article, David, you know what it’s mentioning is that the people, they’re selling it to the people of those countries, that’s why they’re running down on inventory, because everyday people and institutions. And then of course the Chinese just recently made it legal for the insurance companies to hold gold on their balance sheet at about 1%. These are massive moves. And when you take something like gold and physical gold and realize that it’s not as plentiful as you would believe, looking at all this stuff like GLD or SLV with the paper markets and the ETFs, ETFs and all the exchange traded stuff when, when that is exposed is, it’s actually a precious metal, it’s harder to harder refine and it’s being accumulated more and more by big institutions.

There’s going to be a supply shock. It’s much like bitcoin that’s going on with the ETFs, but even more so because the people. And this is, you know, gold’s been a part of the human story since the beginning of time and it always will be. So I think more and more you’re going to see reevaluation of prices and it has to do with the demand for physical gold. That’s going to be the new thing. It won’t be that. It’s a trust factor. Yes. And I think trust around the world is diminished. You know this, this is, and you talk about a fourth turning and what happens at the culmination of a fourth turning.

It’s a destruction of previous institutions in their power or what, or what power sway they had. And so that, that trust has, has, is waning right now will be replaced by something else. As a matter of fact, I called it, you know, a few months ago I think, you know, I was on Tinfoil Hat and I said, look, I’m going to go ahead and say that the dollar has already lost the world’s reserve currency status. Gold is the world’s reserve currency again. It’s just, just not yet. It’s just on paper. You know, you’re still seeing that, you know, the dollar is the number one held asset by central banks.

Gold is the number two. It supplanted the euro last year or so. Well, I just read an article and other analysts are saying the exact same thing. They’re like, well the gold is already supplanted the dollar. It’s just a matter of time and trading and other things and balance sheet recognition of that. So we’re already in an era of gold. Absolutely. And this is just, you know, the, the all time high of dollar against gold. The train has left the station. You’re not going to people if you’re waiting on the fence saying, well I just wait till we get back down to two thousand dollar an ounce gold, which, you know, what was the price of gold when I started talking to you, David? Let’s see.

Go. But you know, we should look that up. It was Probably November of 2019 was the first time I think I ever came on your show. I believe the price of gold was about $1,300 an ounce, $1,400 an ounce, something like that. I’ll look it up. But it wasn’t $2,920. I want to go back to what you said about South Korea, you said they stopped the sale of gold. Exactly what did they do? Did they stop the private sales of it or did they stop the central bank from getting rid of it? I mean central bank’s probably not trying to get rid of it.

What they do to stop the sale of gold, it seems to be on the, on the market, on the trading markets. It might be just with their, with their, their exchange stop the sale of, of, of bullion bars, of, of, of physical gold bars. Is it like a temporary thing? Like you know, they put stop trade if something starts really falling or rising really quickly. The stock market might. I think that’s the reason why. Because if you, if you, if you see a run on something and then all there’s a supply shock and the price will far exceed, you know, all the things that are in paper.

See that’s another thing is these prices are going to start putting so much pressure on the paper gold. I think it’s all going to come unraveled. Especially things aren’t you can’t take, they won’t send delivery and they keep making excuses. There’s going to be a flurry and then that is going to cause, and I think gold always comes in when there’s fear and mistrust and other things. It’s a compounding snowball effect and I don’t think it’s going to get better. No, no. And you know, so you know, China had stopped accumulating gold with a central bank for about six months and now they’re back in it.

But as you pointed out and I mentioned it a couple of days ago, they’re now pushing insurance companies to get it and not only allowing them to get it, but pushing them to start to hold gold. Because I guess they’re, you know, you need some insurance for the insurance companies to be able pay this stuff off. So it truly is amazing. I got a couple of comments here. Dougalug said 2008 gold was $700. Milutin Milinkovic says from my experience in working in the tech industry, silver is used in a lot of things from optics to chip making.

That’s right. And that’s part of it though that it is an industrial heavily used industrious metal. And if we have a recession where things start going down, that’s the other component that comes into the silver market. Right. Because it is so heavily used in manufacturing. If people aren’t manufacturing stuff, that’s going to cut down some of the use. Right. Well that and I would point people To a phenomenon called urban gold mining that will be going on when we hit $3,000 an ounce gold, David, there will be so many people looking for gold in their own backyards.

Into garage sales. You know, Karen, we just had. Karen just had a toothpold that had gold on it. I buy teeth all the time. Well, that to you it was, it was not voluntary. It was. It’s a great deal of pain to have that thing taken out. People send me teeth all the time. They’re like, what’s that worth? And usually it’s 14 to carat or so. And you know, there’s got to account for. A lot of times there’s enamel and other things in it, but you know, for the weight. But it’s usually, you know, I buy teeth all the time.

The dentist have sold me teeth. It’s a, it’s a, it’s an adventure in the gold and silver business. I’ve. One of the first times somebody sold me teeth in San Antonio, I just opened my shop and they just dumped this bag and it still had teeth on it. Wow, that’s crazy. So when things, when you’re down in the mouth, you can always sell that gold that’s on your teeth, I guess. Well, yeah, and it’s universal, you know, electronics, medicine, you name it. Jewelry, it’s. It’s just such a part of our story. I was asked the other day, like, what is money? And I said, well, money is something that holds intrinsic value outside of any economic system.

It has to be scarce, it has to be measurable, and it has to hold value in the face of everything, even an economic collapse. And that’s what, to me, that’s what gold and silver are. They still are used in things way beyond monetary uses. So that’s why the dollar or the fiat curr, aside from being truly evil, has no value. It’s fake, you know, it’s, it’s, it’s a funhouse mirror version of what actual money is. And, and I think that that experiment since 1971 is coming to an end. I mean there’s, it’s not tomorrow, but that’s why they call it a great reset.

That’s why, you know, every time I, I talk about this, it’s like the super elite, the Davos set, they know this. And you know, Bloomberg said it best. You mentioned this all the time. He said we have to, you know, give people something, do something so they don’t come after us with guillotines. Well, yeah, that’s what they’re doing. Something they Got to figure out something to reset the system without getting guillotine. And that’s what I think they’re looking at doing something either return to gold or revaluation of currencies. And that’s what BRICS has, I think been doing this whole time is just accumulating, accumulating things like gold for a currency reset.

I agree, I agree. Yeah. Angry tiger talking about hard times. Said a friend of mine has been a business owner, is a business owner and has been hoarding silver for years. He’s been selling it off lately to keep his business afloat. So we’re getting into some hard times. Wes Robertson said central banks have been buying gold around the world and will continue to manipulate the prices. And that’s silver and gold. That’s part of it. The ETF stuff is part of it. But again, when that ETF scam blows, it’s going to blow big. You’ve been talking about that for a long time.

Guard Goldsmith, Good Seagard says. I’m curious to see what Tony and David think about the silver use when the solar, etc. Gets cut back. What do you think about that? You think we’re going to have any solar cut back or are they going to, you know, continue pouring money down that hole? And because it’s a big, big user of silver, I think that just worldwide demand and solar may have a huge fallback. We may see that and that’s probably more likely than not. But you still have the massive amount of demand for EVs and battery technology and other things that silver in no way, shape or form is valued correctly.

As I mentioned all the time. You got 200 million ounces deficit at minimum every single year. So they have to take from the above ground supply. It’s only increasing even with, you know, if they’re not going to do the, the green New deal or green new steel or whatever they’re doing. It’s still, it’s still worldwide demand continues to rise for, for silver, which is really an industrial metal way beyond being a monetary metal, but also things like breakthroughs in medicine with silver in, in our current climate, I think are continuing to rise. Demand for that is the antibacterial, antimicrobial stuff that’s usually resistant to those diseases like MRSA and other things that silver just takes care of.

I mean, it’s continued to be used and manufactured for that reason. So I think I just see demand. Yeah. If Pam Bondi can get Letitia James back in her cage, we start having silver again. She came after Alex and she came after Jim Baker, I think. And those are perfectly legitimate things. I mean, you know, they use silver for. They use silver for burn units and things like that. But, boy, she’s gonna, you know, put you in jail. I mean, what a criminal she is. So it’s good to see her getting some of her comeuppance, even if it’s just going to be revenge, not real reform.

But you talked earlier. You know, what is money. Right. So let me get your thoughts on pennies and what happened this week. I’m the only person that I’ve seen out there that is looking at this in a skeptical way. I mean, John Stossel always goes, yeah, I hate pennies. They’re a nuisance and we ought to get rid of them. And I’m glad that Trump did it and all the rest of this stuff. And I’m looking at it thinking, I don’t know, is this the beginning of saying it’s too expensive and we don’t want to be bothered with making physical money or, you know, fiat.

Physical fiat, because that’s what it is. It’s not. It’s just a plug nickel and a plug penny and all the rest of that. What’s your thinking on this? Well, it’s sad. I’ll start with that. That’s the first thing I think of when you depart from exactitude. That’s another thing. That’s a philosophy in the penny. The penny is. I’m getting exact change. Yeah. You know the movie Office Space, he talks about stealing the pennies on the transactions. That’s how he gets rich. Right. It’s like you take the penny, like a fraction of a penny. And he uses the analogy of the trays and the penny tray at the 711 or something.

You know, I’ve always thought about that, that. So you’re also departing the philosophy of exact change or exactitude, which is dangerous. It’s like somebody’s getting something for that. It’s like when you go into a retailer now and they always turn the screen around, you have to look at the clerk, and because they pay, they can’t pay him enough. You have to tip them every time. Yeah, something like that. With the loss of the penny, it’s going somewhere. But I would remind people that since 1982, the penny’s not made with copper. No. 1982 and back. It’s kind of like the silver is 1964 and back.

The 1982 and back pennies are copper. Now, if you go and look and see what’s that penny Worth just in copper. You can see that Every website will tell you, don’t melt them. It’s illegal to melt them. Don’t melt your pennies. You know, but there’s copper in there. And they do that because it would start exposing what’s wrong with the money. You know, when you can melt something and it’s more valuable than the face value of that coin, there’s something wrong with your economy. It’s like, you know, a silver quarter right now is like $7. You know, it’s like, you know, it’s something crazy or not.

You know, it’s. You know, you add that up and you face value out to like $28 face for. For four quarters or ten dimes or two half dollars that are silver. So there’s something wrong when you have an economy where you can’t even make a penny. I saw. What was it? Something the other day. It was, we’re penniless. We’re penniless is what we’re. Pennies were worth. You know, you could buy fake pennies, and they were. They were worth more than the actual pennies or something like that. That’s always been a joke running around the Internet. No, I think that’s sad.

And. But really what it is, it’s. It’s a. It’s the beginning of the cashless society that I think they would like to go to. You know, it starts. It starts. Starts with the penny, you know, and that’s really sad. The penny’s been a big part of our history. And you. You know, a lot of pennies are worth a lot of money. I mean, you can look collectibles, especially the 1943 copper penny. Yeah, that was. There was accidental copper pennies made in 1943. They were supposed to be steel because of World War II, and somebody accidentally put sheets of copper into the mint.

And so if you find a penny that says 1943 on it and it’s copper, you better go see a coin dealer. Yeah, pinch those pennies. Well, you know, that’s the thing, is what you just said about the face value versus the intrinsic value of it. That was the dog that didn’t bark in all these different analyses. You know, I’m looking at John Stossel, and I was like, look at how much it costs to make these things. And that’s what. Everybody was taking that same angle, which was the angle that was put out by Trump and by Musk.

Look at how frugal we are and how responsible we are, because it takes two or. Or three or four cents to make a penny. So we’re going to just stop that. It’s like that doesn’t make any sense at all. Over and over again, as you just gave us, with the history of the penny, we’ve seen them debase it. You know, let’s use even a cheaper metal or this or that. They’d always do something like that. And of course, they’re debasing the currency with inflation. Just the figures here for what happened in just the last year in 2024, from 2023 to 2024, the price of a penny went up by 20%, the price of a nickel went up by 19.4%, the dime went up by 8.7%, and the quarter went up by 26%.

And so only the dime is. I believe it doesn’t say it in this article, but I think I saw it in another one that only the dime was ahead of the actual. They could make it for less than what the face value was. But of course, you’re not going to just use these things once. That’s the other part of it. But the real issue is the inflation. Why is the cost going up in just one year, 20%? I mean, it’s not like an egg. And we know what they’re doing with the egg. They’re killing their chickens.

But that’s the untold story that nobody wanted to talk about the inflation, the debasement. And then why would you not? Since they’ve debased the currency so many times, why wouldn’t you just go to some other plug metal and make it from that and keep it there? But to me, that’s the real issue. And of course, the value. The fact that a lot of these people say, well, I think a penny is just a nuisance to have to keep these things around. Well, that’s also an issue of inflation. But nobody really wanted to talk about the inflation.

I thought that was really strange. Well, it’s a tell when something continues to rise in cost against the face value of the coin you want to make. That’s the true exposure to the failure of the fiat system. It’s. That’s right. The loss of purchasing power in your currency. It’s like, well, it cost us more and more to make this. Well, does it. Is the actual base material that you’re buying year over year, does it really cost that much more, or is it your currency that’s losing value? And that’s what they don’t want to talk about. Somebody always figures it out like, wait a minute, this Costs the same.

You know, as far as, if you look at the, you know, dollar index, it costs the same, but something’s wrong with the dollar. It’s just like we see the headlines on some of these precious metal sites, like, well, gold stalls on inflation data. And then you’re thinking, okay, well, I’m going to read into this and see that inflation data came out and it was in reverse or something. No, people were surprised that inflation was up after we just did quantitative easing and rate cuts. And you just increase the money supply. That’s what that was, you know, before the election with Jerome Powell and lowering interest rates.

It increased the money supply. That’s what it does. That’s liquidity. That’s what the very definition of that is. And so that. I know it’s surprising, David, but it caused inflation, apparently. And so everybody’s really surprised that there’s inflation with an increase in the money supply. So I don’t know it. You know, you and I can pretty much easily see this. It’s like we have the glasses from they live. You know, we just put the glasses on, like, well, I see what you’re doing here. It’s pretty easy to see. I mean, I don’t have to be. I, I’m not the.

I don’t. I’m not an expert in any capacity. I’m just a paratrooper who likes books. But I look and I see there’s something wrong. You know, when we’re against the purchasing price of the. The fiat currency. That’s what the issue is. And it makes me suspicious when, you know, you see that Musk has got all the books now of the Treasury Department, all the rest of this stuff that he’s getting into. But, you know, when Trump takes away even I compared it to the bump stock, you know, the bump stock in and of itself is not important.

What was important was a precedent of doing gun control by executive order. And that was seized upon. And this will be seized upon by other people and repeated. Well, it cost us 11 cents to make a next nickel, so let’s get rid of the nickels next. That’s the path that they’re going. And while all this is happening, the guy who bought him, Elon Musk, is trying to set up X Money, and he’s trying. And he’s doing a deal with Visa, and he wants to make X the everything platform. He’s got a digital wallet that he wants out there.

So he’s making big moves. And all the people around him, Lucky Lutenik and all the Rest of them making big moves into digital money, into crypto stuff, while Trump gets rid of the most, you know, and everybody cheers, oh, yeah, we don’t want that penny. It reminds me of what I saw with the NRA about the bump stock. It’s like, yeah, we’re not going to fight about that. You know, then the next thing you know, you got a pistol, brace, ban, and then something else, right? And so it’s that precedent that to me matters. And, you know, Tony, I don’t know what.

Think like your thoughts on this. We talk about the petrodollar all the time, right, where we had the US dollar connected to energy. And of course, the technocracy has said, back in the 1930s, they were saying, we don’t want to deal with currencies, we don’t want to deal with banks, we don’t want to deal with markets, we want to deal with energy, and we’re going to price everything in energy. And in a sense, the petrodollar was kind of a nod in that direction. But when you look at CBDC or if we go with some de facto digital money that is put out there by Musk or by some of these other technocrats, they’re looking at tying it into energy usage.

That’s the key reason that they. One of the key reasons that they want to go to this surveillance currency. And they all support things like carbon taxes and carbon credits and everything. So that, I mean, is that going to be the kind of the digital petrodollar, combining it with carbon credits and carbon taxes and. And tracking, eventually tracking what people use? What do you think? I think that would be the logical conclusion of the technocracy. As a matter of fact, I talked about this yesterday on a show. If you look at the manual that was found in an IBM copier in 1986 in an estate sale.

Silent Weapons for Quiet Wars. Whether it’s a real technical manual for the elite on human enslavement, or whether it’s some sort of copy or something, it’s interesting. That’s a true story, by the way. They just. Somebody found a copy of that and it wound up in Bill Cooper’s book Behold a Pale Horse. But if you read the opening chapter, it is a. An esoteric breakdown of money as energy itself to keep people on the hamster wheel so that they can never actually fight back. They’re so busy paying bills and so busy trying to exchanging your energy.

And it’s more of a. It’s more of a way to look at, you know, People as cogs in a machine. But the energy, you know, again, there will be energy shortages. All the rest of that tight, you know, tying currency to energy. That’d be a perfect way to continue to control you. And of course, you could sell it as well. We’re going to back it by what powers us. Well, that’s interesting. You know, there’s. There’s a lot of open questions above. You know, what they’re going to do next on cbdc. I still have my eye on that ball, by the way.

I never took it off. I don’t. I don’t believe any of this. I. Yeah, they’re just going to rebrand it and bring it back in a different way. You know, it’ll be kind of a public private partnership rather than, you know, Biden coming at you and, you know, right in your face, wearing his uniform and his flag. They’re going to do it as a fifth column. Yes, yes. And that’s. You can’t take your eye off that ball. That’s been their goal all along. And you start. It starts with the penny. Yeah, starts with. It starts with getting rid of physical currency.

And not that, you know, we always talk about fiat currency, but. What’s it cost to make a dollar, Dave? What’s it cost to make. It’s a special type of paper, by the way. What’s it cost to make a dollar? And it’s a much bigger spread for the paper currency. However, paper currency doesn’t last as long as these coins do. Right. And nobody’s talking about that. Nobody’s done all these people. Oh, yeah. Well, it costs this much and that much, and we print these this many of them, and we spend this much every year, but nobody talks about how long does a coin last in circulation.

I mean, we still got coins that they’re taken out because they become more valuable as collector’s items. But other than that, we’ve got coins in circulation that have been around for many decades, you know. Well, in the crypto world, they call it burning. So if you have a certain amount of coins that reach into circulation, you can, through your program, you can just burn those coins if they’re not being used or if they’re on, like, old wallets. That doesn’t happen in bitcoin, but it can happen in the cryptocurrency world. Well, I mean, that’s a thought experiment.

What if you have 80% of all the $100 bills ever made are not in the continental United States. They’re outside and floating around in the world. Circulating as the world reserve currency. Do you want to burn that currency just metaphorically without having to? If you don’t want those dollars repatriated, you just say, well, we don’t. This doesn’t exist anymore. You just start taking out physical fiat currency, which, you know, I’m. I’m not for a cashless society, by the way. I think cash is important, you know, physical money, you know, physical currency rather is very important for freedom and privacy and other things that we need.

I’m out. You know, I want it backed by something. At some level I’d like it to be real, but, you know, I don’t want it to be completely gone either. So. Something to think about there. Oh, yeah, yeah. I think the penny is a thin end of the wedge, quite frankly, going into cashless society. And as I said, you know, I always said Trump made no sense, but now he’s literally made that true. But it makes perfectly good sense if you look at what their ultimate goal is to get rid of physical money. I think Jason Barker says I’ve been saving all my old electronics to do gold.

Going to do some urban mining there, I guess he said it might be economical to do it now. I never wanted to mess with the chemicals, but it might be worth it. Now. You have to be careful of those chemicals. Be very careful of that. Atomic Dog said my wife’s gold tooth was worth about $200, paid for about a third of the new crown. Well, there you go. That’s the. I guess there’s always a silver lining or at least a gold lining. Some of these problems. So tell us what’s going on with your gold to Bitcoin and vice versa.

Now, how is that working out? Anything new with that? We actually have some new stuff going on with Wolfpack. You can get there at Davidnight Gold, but I added two new products in the last 10 days or so. Constitutional Wolf is now a tier that you can get. It’s all about. We have big reserves of 90% US silver coinage. And I’ve got a discount rate there. We’ve got a 250 and a 500 package you get one time. But we, we pick those out for you, give you a detailed invoice and can save you considerable. And, and of course the variety too.

And we don’t go, by the way, I don’t just sift through all of those coins. So you might get some collectibles in there. I’m not saying that you will, but there’s. I do buy them by the bag full from I don’t have the time or the resources to go through it. So you might just get a winner in there. Where I go, that’s worth way more. Great. Go turn it in and make something happy for you. So constitutional Wolf is, is on there. And I just added this is brand new but there’s a tier on there.

You can’t do a membership with it because the price fluctuates so much. But I’m selling 1 gram gold bars. People have asked me how do I just, I want just some gold. You can get 1 gram gold bars from me free shipping, no credit card fees, no fees whatsoever. It’s on there right now on davidknight Gold on the Wolfpack site. And you can buy as many as you want, but it’s but one if you just want one. Again, free shipping, no fees. And we’re going to be able to save you a considerable amount just if you went and bought that somewhere else over the shipping and over the fees.

Because what we do is we buy these Val Cambi big sheets, you know, of hundreds and we have my, my crew, you know, they break each piece off and then we put it into a coin flip. So you’re actually saving on, you know, getting a gram bar of gold if you would have paid retail online. So we added that as well. That’s just to make it to where people who want to get into gold and have some physical gold but you know, can’t afford some of the upper the tiers that we have. So I added that and of course the bitcoin and we’re just rolling along.

If you want to buy bitcoin, go to davidnight Gold. We haven’t added the buy Bitcoin tab yet. I’m still waiting for my website to be published. We got some stuff working but I, I, I’m open. So if you want to buy, buy or sell bitcoin, you can go through me and again any, anything you want to do with precious metals through any of my stuff, whether it’s Wolfpack or a direct sale. We charge no fee for using bitcoins. We see it just as cash. Well, I gotta say I’ve had had some listeners who have donated to me through Wolf Pack and through that.

And it is interesting to see the different forms of gold. You know, you’re talking about breaking off the things and getting little Chiclets and stuff like that as well as the gold paper notes that have gold interwoven in them that comes out of Utah or something like that. It really is interesting to see the many different ways that people can subdivide the gold. And I think we’re going to see a lot more of that as we move on because I think we’re at a point now where Trump is there to create chaos. And this is happening at the tail end of the fourth turning where as we’ve been saying, everybody’s losing or has lost trust in the institutions.

That’s what Tulsi Gabbard is supposed to do. Tulsi Gabbard is there to restore our trust, intelligence agencies and national security. And it’s like it’s going to take more than Tulsi to make me trust those people. I would never trust them with anything. But it’s always great talking to you, Tony. Thank you so much. And thank you for your support and always great. And you’ve got a program that’s coming up immediately following this one today. Tell people a little bit about that radio transmission, my once a week transmission. I wasn’t able to do it last week because I was traveling.

So yeah, go to rockfin on the America Unplugged channel or my Twitter at. Tony Arderburn will be will be live here at 11am Central Time. That’s great. Yeah. Or noon Eastern time as they say. It’s noon Eastern. That’s right. Well, thank you so much, Tony. Always great to talk to you. It’s been very interesting and we are living in interesting times, aren’t we? A lot of crises are going to be coming one after the other. That’s right, boys and girls, there’s a post election sale on silver and gold. Trump euphoria has caused a disaster in silver and gold.

It’s time to buy some medals with fiat dollars before they come to their cents. Is go to DavidKnight Gold to get in touch with the wise wolf himself, Tony Arderburn. He knows where to look to find silver and gold. York the odd.
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