Summary
Transcript
All right, welcome back. And joining us now is Tony Arteman. Always great to talk to Tony about what is happening with financial markets and what is happening with gold and silver. And it’s been a pretty busy week with a lot of stuff here. Tony has wise wolf gold, as regular listeners know, and you can get there with davidknight. Gold will take you to Tony Arderman’s wise wolf gold. You can get gold and silver. You can get small quantities, large quantities. And if you want to, you can start accumulating it on a regular basis from just small amounts like, you know, $50 a month and, but you still get the benefits of a large buying group.
He calls that wolfpack. And I think that really does tie in to where I want to start today, Tony. And that is the comments from this Kentucky governor, Andy Bashir, who said, well, I’m not going to honor the law that was just passed by the Kentucky legislature. I’m going to still charge sales tax on gold and silver in Kentucky because if you own gold, you can afford to pay tax. That’s right, you can afford to pay sales tax. I don’t, these people are delusional. He’s definitely against the tide of history. As a matter of fact, around the world, it’s not generally wealthy people who have gold.
As a matter of fact, the country of India is on track to import about 750 tons of gold this year. And let’s also look at the chart for the central bank buying that was a little over 1000. So all the central banks in the world bought a little over 1000 tons. The country of India of itself is going to do 750 tons. It’s mostly for family and lineage and they pass that on and even people on the lower economic strata. So sorry, Kentucky Governor Gold is not just for the rich. Well, you know, Andy Bashir was one of the worst Covid tyrants that was out there.
And I was absolutely astounded and disappointed that he got reelected a Democrat in a state that typically is predominantly Republican. But when I looked at what this guy’s got going for him, and of course, he was on the initial list of VP candidates for Lala Harris. He is a, he is a very nice guy, just like this Tim Waltz guy appears to be a very, very nice guy and he’s very concerned and he feels your pain with all this other stuff. And then he comes out and he says something like, you’re not allowed to have gold unless you’re rich.
It’s so counter to what the public image of this guy is. And we dodged a bullet, I guess, with him not becoming vice president, but he truly is a demagogue. And that’s the way these people get in. They put people there that have a very nice Persona and then they have the most authoritarian, totalitarian policies you can imagine. Yeah, that’s the way they like to deliver it. And I was just, while you were mentioning that, I was trying to think of the presidential, vice presidential candidate for Hillary in 2016. What was that guy’s name? He was from Virginia.
He’s kind of unforgettable, but he had that same kind of guy in disguise. You know what I’m talking about? Yeah, I think it was Tim Kaine. I think Kane. Tim Kaine. That’s what it was. Yeah. Again, I should know that. But he’s so forgettable. That’s like they’re interchangeable. I think that same kind of placated nice guy. Yeah. Socialist next door, the neighbor who will turn you in on a snitch hotline. Right. Those nice guys. They’re really nice guy, you know, until they turn you into this stasi. But I think it was interesting, his rationale on this.
And if you look at what happened with the law there, they had first introduced a bill, a single bill that was going to get rid of the sales tax. And then what they did was they rolled it into an omnibus bill. And so then he said, when he signed the bill, he says, and I’m doing a line item veto on this sales tax thing, and I still want to collect sales tax. And he quoted the constitution, but the constitution clearly says that the governor shall have the power to disapprove any part or parts of appropriation bills, which is a spending bill.
This, however, does not ex, the power does not exist for revenue bills. So this is a revenue issue, but it was put into an omnibus bill, which at the top of it says something about appropriations. So they into this gray area as is it fish or fowl? Is it appropriations? Is it revenue? He’s trying to exploit that. The legislature is pushing back against him. The attorney general is pushing back against him. And the people who get left in the lurch are people like you, do I collect the sales tax or not? And so what they’re saying is the gold dealers are saying, well, we got to collect it until we get a definitive answer.
Well, it’s also going to ensure that there’s no gold dealers there. Who’s going to set up in Kentucky? Who’s going to actually set up in the physical state of Kentucky and conduct business? Who’s going to invest infrastructure there. I can promise you you will go bankrupt. You cannot operate a business for gold and silver. A gold and silver exchange, a professional one, anyway. I mean, you might be able to do one off the books, or you might be able to just do pawn shop rates or something like that, maybe. But no. I mean, it’s one of the reasons when I left San Antonio, I was going up to the Ozarks.
I chose Missouri because Missouri had recently done away with their sales tax on bullion. That’s why I have a shop in Branson. So you can’t survive there. It’d be interesting to know what the motivation of this is, whether or not he’s being funded by outside sources who want to bring this up to a higher court to see if these states have the ability to do this. Or maybe there’s a setting the pathway for a nationwide sales tax on bullion. I don’t know, maybe the way for that. That’s a very interesting point. Who’s behind this? Because, you know, it’s not that much money for the state of Kentucky.
It isn’t going to make. It’s even more ludicrous than this desire to not only keep an income tax in general, when the government’s got a $35 trillion deficit, they want to keep the income tax. They want to make the IR’s seven times bigger, and both the Republicans and the Democrats want it. Mike Johnson is all on with that, adding another 80,000 IR’s agents and all the rest of the stuff. So they want to keep that income tax there as a means of control as to take away discretionary income, whatever. They want to keep that there. So you’re right, and that’s a very important point you made.
Who is behind this and what purpose? Because this clearly isn’t something that the state of Kentucky has to have. Yeah. Yeah. Well, gold is an enemy to the establishment, and especially since Gerald Ford in 1974 made it legal for you to own gold, we kind of forget that. I mean, from 1933 to 1974, it was illegal for you to own gold bullion. It was basically, it was called anti hoarding, whatever that means. But FDR made it illegal for you to own gold. And a lot of people were supposed to turn in their, their pre 1933 gold coins.
There’s a whole bunch of people that didn’t because I buy them all the time. But again, that’s the reminder of what gold is and a lot of people that I’m in both the crypto and the precious metals space. A lot of people in bitcoin think that bitcoin is completely private and it’s going to demonetize gold. But I saw a story the other day. There was some chinese nationals here illegally got pulled over in Texas and east Texas on a traffic stop, and they had $250,000 of gold bullion with them not accounted for, and they were arrested and charged with money laundering.
I don’t know what the specifics were, but it just kind of goes to show you, like, if you got gold, I mean, you’re. Again, it’s not traceable. Where did you buy it from? There’s no way to really tell. And again, gold is still outside the system. It’s, you know, in many ways, a store of wealth that is not in a bank. It is peer to peer, but it is also in the physical realm. So the establishment certainly hates that. Yeah. And that follows the tradition of all the civil asset forfeiture, where they would pull somebody over, they find some cash, they just steal it.
They might have a dog there to sniff the drugs. And of course, you know, a lot of people would use the bills to roll them up and to sniff drugs. You can’t do that with a gold bar. So maybe they can’t help. They can’t sniff on the gold bars and find anything. But, hey, we’ll just take it and say that it’s got to be money laundering. We don’t know where this stuff came from, but I imagine they’ll do the civil asset number on these people. It’s just amazing how we have given the power of government to just rob people on the highway.
That’s all that amounts to. They don’t have any evidence of any criminal activity, but they’re going to steal $250,000 in gold. Maybe they just come from Costco. I don’t know what’s funny, because when I read the article, I kind of shrugged. I’m like, that’s not a lot of gold. It’s not that big of a deal. I don’t know what was the problem? I was like, I was trying to find anything else that was a red flag. And I was thinking, you got $250,000 of gold. It sounds like a normal day to me. Well, you know, the problem is that these people want it.
That’s all that’s necessary. They want your car, they want your cash, they want your home or whatever, and they’ll come up with the flimsiest excuse, and they’ll be able to keep it. Let’s talk a little bit about the markets last week, and of course, not last week. But on Monday seemed like a week ago, the short and deep dip that then started coming back. By the end of the day, most of the markets here in the US are down two and a half to 3.5%. Some of the big tech stocks like Nvidia down by 5%. Gold dropped about that much.
Now in Japan, they had a 13% drop in the market and that was telegraphed over the weekend as well by a drop in bitcoin. I think in Japan, bitcoin went down 20%, but then by the end of that day, it had recovered about half of that. But it still wound up that day down by 10% and gold went down. Michael Meharry has an article that’s up on zero hedge said, so what happened to gold? And he had a very interesting point about it. He said, well, when you have these markets are dipping like this, a lot of people have gold as a hedge and so they cash it in so they can meet these calls that they have on it.
What do you think about this market? We’re being told that the thing that’s going to save us all is if only the Federal Reserve would lower interest rates. Is that going to save us? I think that’s going to be the match that lights the rocket that gold is setting on. Well, there’s no good answers here for the establishment financial order. There’s no good answers here. They got here because of money printing out of thin air and liquidity, a cheap, cheap fiat currency. Matter of fact, the bank of Japan is the last major central bank to stop QE, also known as quantitative easing, or in other words, money printing.
Theyve been doing that with zero interest rates for, gosh, what, 20? No, we just froze there. Plus running QE experiment. The last major central bank to be doing in QE was the bank of Japan. They just basically cut everything in half just prior to this little crash that we had. Its all about liquidity and so much was based on fake. And Michael Meharry is absolutely right. When you see a pullback in the markets, those who have positions in gold will sell off those positions to cover margin, which is a buying opportunity for everybody else. It’s the first thing, when I saw what happened when I saw the red, I just went over into the trading floor and I locked in some little grand bars, about three or four sheets of the hundred, because I saw, when I thought, well, this is about the place where it’s going to bottom and then there’ll be some buying, there’ll be some recovery.
I thought right about that is where Im going to go buy some inventory for Wolfpack. The markets, like I saw bitcoin hit 50,000 and I hold bitcoin and were about to launch wise, Wolf, Bitcoin and its going to be kind of in conjunction what we do with Wolfpack and what we do with our everyday orders. When I saw that, I went and put a buy position on because Im like, okay, good, because its people panic, though, because its like, if its not going up and to the right, then its going down forever. And thats just not how any of this works.
As a matter of fact, if you look at the global markets, and this is what Im starting, Im starting to look more macro, David, even though if you thought I was macro before, Im going to get more macro. Because if you look at the actual financial markets, its estimated between like half a quadrillion and a quadrillion. Thats like as far as all the currency, all the sovereign wealth funds, everything. And then if you look at the actual real assets, it’s a tiny portion of what all of this supposed wealth is. So I’m not worried. I’m not worried about what, you know, because I’m in the business of finite.
I’m in the business of real. I like, of course, especially precious metals, because, you know, that’s the one thing that cryptocurrency can never do is exist in the third dimension, like where you can actually hold it in your hand. I love, by the way, I love crypto. But I think that there’s something about gold or silver that really, I think, is a true safe haven, a hedge against all of this turmoil and all this uncertainty and really all the fake. We just have no idea how much fake is built into this system. I mean, Michael Meharry also put out a great article this week on the real estate market in New York.
And one example of a UBS building that they bought in New York City in rehab, and then they can’t rent it out. I mean, like Gerald Celente has been talking about for years about the commercial real estate market. I think we’re just starting to see the shockwaves coming out of that, all the, all of the capital that’s been infused and things that can’t be supported anymore. So where does all that debt go? Where does all that leverage go? I think that’s what we’re looking at. The markets, they’re just not healthy. The markets are not healthy. They’re not built on anything.
Sound. Yeah. Earlier this week, I talked about that because there was questions about how the banks are reporting these bad loans. Are these loans that are going to go bad? And it’s like, so when do we determine that this loan is bad? And at what point, what point do we put this on our balance sheets? And they said they’ve been able, under these new rules, to kind of sweep it under the rug. And so it is this big looming thing that is hanging over everybody’s heads. It’s going to cause a lot of banks to go out of business.
And one of the reasons why they’re so heavily into commercial real estate is because of people like Elizabeth Warren, who’s out there demanding that the fix to all this stuff is going to be for the Federal Reserve to lower interest rates. And along with her was Paul Krugman, this week an article on mises.org saying a federal rate cut is not going to solve our economic problems. It’s kind of interesting, when they were talking about the impact of lowering the interest rates and the residential real estate market, they said a lot of people are locked and they can’t sell their house or buy a house because interest rates are so high.
They said if you look at the spread, the spread is way bigger than it has been in the past. And they said it’s because there are so many, so fewer banks that are doing residential mortgages now. That’s why they got into commercial real estate, was because of the Consumer Financial Protection Board that Elizabeth Warren is so proud of creating. It created all this red tape. So they got into commercial real estate. Now they’re really screwed. It’s amazing. Well, the residential housing market, so much of it is a lifeline to this consumer economies. That’s why you see Blackrock and Vanguard buying up these massive swaths of residential real estate.
I think obviously that also has to do with controlling behavior. As Larry Fink said a couple of years ago. I’m going to continue to remind people about that. Larry Fink talked about this creating an environment where they can control behavior through finances. And that’s, again, something that Blackrock’s doing, buying residential real estate. Everything in our economy now is tied to debt creation. Its tied to currency creation. When you swipe your credit card, thats currency creation. It creates currency. Same thing with when you buy a home. Thats not fractional reserve banking. The banker doesnt go and look on the ledger and look at the balance and say, okay, weve got a million dollars to lend in reserve, so were going to loan you this money for this home.
No, theyre going to go to the central bank. Theyre going to create currency. When that starts slowing down, everything else starts coming apart, and that’s liquidity. But when they also have to deal with inflation because they know what they did. You talk about the massive amount of trillions being pumped into the market. And you and I discussed this long before COVID 1984, long before the first quarter of 2020. We were talking about what the Federal Reserve was doing with the overnight markets. The repos, we’re talking somewhere around 6 trillion is estimated as a currency creation they put into the overnights.
And that’s just the Federal Reserve bank. That’s not counting all the other banks around the world that were doing the same thing in their own home markets. So currency creation to prop up the credit system itself, this is long before the first quarter of 2020. So you’ve got a massive debt bubble. Currency creation is off the charts. Estimated since 19, 79, 52 times more currency on earth. What does that mean? Well, it means you have more and more currency, less and less purchasing power, and that bleeds into everything else. Its not that things are more expensive, its that your currency buys less.
The home isnt necessarily worth more. Some real estate markets go up, yes, especially when theres a limited amount of land and construction. But most of the time its just a representation of inflation. So if you cant move your home, theres a reason, because theres not a lot of liquidity in the market, and that has to do with interest rates. And again, that will affect home prices. It’s systemic. It’s in everything. Once you cross that Rubicon, once you’ve become a central planning system of currency creation from the Federal Reserve level, you cannot escape it because there’s nothing sound in it.
I agree, I agree. I’ve got some questions here from people on Rockfin. Jason Barker says, can you ask Tony if gold and silver, ETF’s the paper metals? If that comes with a capital gains tax, I would assume so, yes. It trades like a stock. So, yeah, well, sure, you would have a capital gains loss or a short term or long term loss, just like if you were trading a stock. Same thing. If you buy something for dollar 500 and sell it for dollar 750, you technically have a capital gain. That’s just how that works. You bought it for 500 and you sold it for 400, you had a capital loss.
That’s pretty much how that works. On Rockfin, rational lampooner says, please ask Tony, do you expect the government to outlaw gold again and silver too? Once fiat dollar and DC crashes? He says, I bet they will. Wouldn’t put it past them. Yeah, it’s always on the table. Even communist governments, they say they don’t like gold. Well they go and get the gold. That’s the first thing they go and get whenever they take control. If you look at history, they’ll tear a country apart looking for the gold. Even say they don’t want it. Of course they do.
That’s always the goal, is to get the gold. FDR did it. And of course most people don’t know. I think that was a plan for a long time. They put that gold and they gave it to the bank of international settlements. That’s where most of it went into Basel, Switzerland, after the gold was turned into the Fed. Because the Fed in and of itself is an international banking cartel, has nothing to do, it’s not federal, it’s not yours, you don’t own it. So these work for international banking. Thats where it went. So again, its always on the table.
I find it unlikely, though. I dont think its as likely because were not on a gold standard. And that always begs the question for me. A lot of people ask me, should we be on a gold standard? And I just look now and I think, why is the government in the currency business and we dont need them? I mean, I know why they are its control, but thats just a good question to ask when you have, and we have standard markets and we have the technology we have now, peer to peer. And private institutions can do a way better job at cross border payments and peer to peer payments and all of that stuff than the government can.
And the government knows that. So it’s hard to say whether or not they’ll pull that trigger. They’ll become just a confiscating system for your wealth. Always on the table, though. Well, as you pointed out, they did it once before, but people didn’t turn in those coins you’re buying and selling all the time. And if we look at the drug war, for example, seems to me like drugs have been prohibited for 51 years. Is there any shortage of drugs? Are people able to get drugs? I’m not in that, not in that economy as a user or provider of any of this stuff.
But I can say that, you know, I guess one thing we could learn from some of the drug people is how to hide your stuff. That’s the key thing. If you’re good at hiding your stuff, they’re not going to find it. And there’s a lot of drugs that are out there that they’re being transacted all the time, that they’re not able to control that. With prohibition, they couldn’t control alcohol with prohibition. They can’t control any of these drugs. And they’re not going to be able to control guns if they prohibit them. They’re not going to be able to control gold if they prohibit it either.
It’s going to be a massive black market and it’s just going to be people going to have to get their game up in terms of how to operate in a black market, how to operate without being seen, that type of thing. Well, there’s a lot of people in the bitcoin space that believe that bitcoin mining equipment will be seized by the United States States government. Even with all the talk right now of Trump and Bobby Kennedy talking about using bitcoin as a strategic reserve and all the rest, there’s still people in the bitcoin space. Max Kaiser especially says that the us government will seize, people will flee to El Salvador.
I know that’s everybody is looking right. We’re seeing the lurch towards totalitarianism and the mentality, too. Go back to that story with Kentucky and the sales tax. There’s a lot of people in the establishment. If they’re in love with this old system, they’re in love with the fiat system and who butters their bread? They’re going to hate gold. They’re going to hate bitcoin. I think that shines through only, well, if you can afford gold, you can afford to pay a sales tax. That’s just stupid. That means that you have no business in your state for gold and silver, that nobody’s going to do business there.
It’s not that you’re going to get more revenue, you’re going to make nothing. Nobody in their right mind is going to transact business there. They know that, though. Again, this is not going to be an easy war because we have a lot of miles left to go to educate people, our neighbors, our family, on what money is and what wealth is and how this whole system works. I agree. I’m not making a day off. I learned something new every day. When you look at the arrogance of that statement from Andy Beshear, the governor of Kentucky, and he’s somebody that they’re going to promote.
And again, as you’re pointing out, there’s got to be somebody behind him to do that. The arrogance to say, well, if you got gold, you’re going to afford to pay the tax. Well, you could say that about anything. You got a house, you could afford to pay the tax. You got a car, you can pay the tax on and on. You shouldn’t own anything. As a matter of fact, I guess that’s where maybe those are the people behind Andy Bashir. You will own nothing. You’ll eat some bugs on rumble Audi modern retro radio. Good to see you there.
He says Trump’s attendance at the bitcoin conference in Nashville was enough for me to avoid bitcoin now. I was not thrilled. I booked my tickets a long time before I heard Trump was going to attend. I said last week, I think he was literally just reading stuff for the first time. It was kind of funny when he talked about the market cap of silver being eclipsed by bitcoin at one time. He said, oh, wow. He just. The first time he’d ever seen that I wasn’t so worried about. It’s beyond politics at this point. I think it’s beyond all of that.
I think it’s something interesting to watch. I’m not putting all my eggs in that basket, but I do think it’s interesting way for people to go peer to peer. And because it’s limited, because there’s only, again, in theory, 21 million bitcoin. Probably a lot less, probably more like 15 at this point, with all the millions that were lost. And then whatever’s in Satoshi’s wallet doesn’t move. So I still think that there’s something there to bitcoin that can be used for good. Well, it’s kind of like the TikTok stuff. Trump was all against it until Jeff Yass gave him some money.
And even Steve Bannon said, yes, yes, coin. That’s what he’s doing. So now he’s all about TikTok stock. Well, he had a lot of people that gave him money for bitcoin. So now he’s all about bitcoin. He’s just a prostitute. He’ll sign up for whoever pays him. And that’s what he said. You know, when he. When people called him about, you know, giving money to Hillary Clinton or giving money to Lala Harris, he said, well, you know, that. That’s what I. That’s. I have to do. That’s part of my business. In other words, I’m buying favors from them.
So now he wants to be a politician so he can sell the favors and make from the money from it. On Rock Van Amos pool. Thank you very much. I appreciate that. And on rumble, atomic dog. Does Tony know why Silver has dropped over 10% from last month? Demand going down or just normal profit taking? What do you think? I think it’s just normal profit taking. And we’re still up against massive amount of interference in these markets I’ve talked about many times. I mean, they’re not going to let go of their death grip on accumulation. Just look at who’s accumulating.
That’s another thing. Quietly, central banks are buying up gold. They’re not telling you to do that. Do you think they’re going to signal to you to buy it up? Do you think that? Let’s look at the bitcoin story. When bitcoin went to 50,000, Blackrock started quietly buying up massive amounts of bitcoin. Most of the big buyers were in. The whales were gobbling up more bitcoin. Same thing with silver. They love to see these numbers. Right now is not the time that the largest holders of silver want to see $50 silver or $60 silver. They don’t want to see it, as I’ve mentioned many times.
And look at the military industrial complex’s uses of silver, 500oz of silver in each tomahawk missile. Do you realize the profit that will get cut into that will be taken out of their balance sheets if silver is reevaluated? And again, look at the deficits. There was a 200 million ounce deficit last year for above ground silver. And then before that, like 180 millionoz. It’s continuing to be deficit after deficit after deficit each year. That won’t stand. So if you’re seeing these numbers right now, it’s just an absolute blessing. When I saw silver, I see it go down a bit.
I go, great, because I’m holding for the long term and I’m going to buy some more. Well, and when Michael Mehari was talking about, well, why did gold go down? And like you said, well, you look at a lot of people are holding it as kind of an insurance. And so they get a call on their stocks that are going down. So they cash in the gold. And so he says, typical to see at the beginning of a recession or a market drop, that you’re going to see a drop in the price of gold, but it’ll recover through that thing.
So he said some of the same stuff is there. His opinion was that some of the same factors are there with a, with silver, people using it as a hedge metal that they can hedge against their stocks. But he said, in addition to that, he said, if you look at silver, because as you’re pointing out, there’s a lot of economic uses. Now, of course, the military industrial complex doesn’t care, but there’s a lot of industrial uses for it. We’ve just had one of the biggest solar and oldest solar panel companies go bankrupt in California. And solar panels use a tremendous amount of silver.
But if they’re looking at it and they’re concerned that we’re going to go into recession, even if that hasn’t taken effect yet on the supply of silver, they’re concerned that they’re not going to use as much silver. So that’s another thing that may be driving it. But he points out, he says, as far as silver goes, an economic downturn would temper industrial demand. But silver is fundamentally a monetary. Metal tends to track with gold over time, and it has historically outperformed gold, gold and a gold bull market. For example, during the pandemic, gold increased by about 40%, while silver increased by 141%.
So again, we can look at trends and we can look at past history, but we cant really predict where things are going. I just, on Monday when I saw crypto go down and I get these alerts from cash app and itll tell me gold just went down 5%, went down another 5%, then I say it goes up 5% and all this kind of stuff. But yeah, it’s a roller coaster. Like I’ve said many times, I’m too old to roll ride roller coasters, whether they’re at Dollywood or in the New York stock Exchange. I just don’t do roller coasters anymore.
But it’s been very volatile. All these different markets have. I think it’s just fortuitous. Something that’s past this prologue. We’re looking at, I think a roller coaster ride all the way up until the end of this decade and beyond, and it’s only going to get weirder. Yeah, there’s a lot of the. That’s a good point. We’re living in weird times. Tim Walsh started that. All the people to project the idea of weird. But these are weird times. Maybe living weird times. Maybe you live in weird times with your eyeliner. Yeah, exactly. On your background. Yeah, that’s interesting.
The battle of the weird. Vice presidential nominees for 2024. That whole thing about JD Vance and I Lander, I saw, saw a mainstream media thing said, yeah, the left has got the trannies, but then on the right you got the guy who’s painting his skin orange and his vice president’s wearing eyeliner. You know, this is the kind of time everything, David, everything is a fun house mirror version of its former self. As far as the economy, politics, whatever your wheelhouse has been, I don’t know what to make of it other than. And I just look at history and say, hey, this is part of it, and we’re only getting into more choppy waters, so just get used to it.
Yeah. Yeah. Storms are coming. So what is happening? Anything other than tell us a little bit about your, the bitcoin ATM stuff and anything else that’s going on at Wise Wolf? Yeah. When I was getting on the way back from Nashville and I have contacts in the crypto space, and I just said, I’m going to do something with bitcoin and wise wolf, and we, you know, I came out of the, from the, of the first bitcoin ATM’s in 2016, so I just had some experience in the space and I said, I think I’m going to bring back something with that.
And it’s not necessarily going to be ATM’s, but we are going to be able to have a platform where you can buy and sell bitcoin with me. And then one of the things we are going to do, and it’s not officially launched yet, we’re going to accept bitcoin as payment for Wolfpack and other things that are like one time buys and for golden, for physical precious metals. But there’s going to be a twist to that. So I want to announce that, though, maybe next week, and I’m working on all the. You should see the stack of paperwork I got to get through just to legally do this.
But, yeah, since you were in it, if you did ATM’s back a few years ago, since you’ve been in it, I mean, they’ve just been ramping up reporting requirements and all this kind of stuff as a way to do a soft prohibition. It’s harder and harder. I most likely won’t do the ATM’s, but I’ve got my two locations. And then we’re going to be a clearinghouse for major crypto, especially bitcoin. So I’ll be next week or so, I’ll do an announcement. I think it’ll be great for wolfpack members, people that are dealing with us. It’ll give you an extra way to pay and an extra way to another avenue to hedge against geopolitical uncertainty and inflation.
Oh, that’s really good. Yeah. So people will be looking for that. And of course, as you point out, the, the wolfpack is still there. Are you going to do anything in a wolfpack type of way with bitcoin? Yes, sir. Okay. Yeah, we’re going to have a accumulation type membership, and I’ll do the different tiers. So that’ll be another thing that we’ll announce and we’ll help people who have no experience there, and I’ll be able to, like, house it for them or put it in cold storage, all that kind of stuff. That’s great. Great. That’s great. Well, it’s always great having you on, Tony.
And it’s like you said, we’re living in interesting times, and I think probably weird times is the best way to describe it. Everything really getting strange. So it’s always good to have something that is solid. And that’s what I like about the gold and silver is that it’s not weird, it’s traditional and it’s physical and all this other kind of stuff. So that’s, that’s a good thing to have as a foundation that’s there. Thank you so much for all you do to support the program. And again, folks, you can go to wise wolf through David Knight Diegold, and that lets Tony know that you’re coming through this show.
So thank you very much. And I’ll be, I’ll be live on Rockfin on the America unplugged channel and my Twitter tonyardeburn here just in the next 54 minutes. Good, good. All right, so follow Tony directly follows this program. Thank you so much, Tony. I really do appreciate it. False news has become all too common on social media. Exactly what people think. And this is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy. This is extremely dangerous to our democracy.
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