DavidKnight_01-29-2026.timecode
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[01:07.200 --> 01:12.720] Well, welcome back and joining us now is Tony Aardeman and he is at the tip of the spear of
[01:12.720 --> 01:17.200] the news right now because the big news is what is happening to gold and what is happening to the
[01:17.200 --> 01:21.120] dollar. And we just had Jerome Powell say, oh, there's no problem with the dollar.
[01:22.640 --> 01:27.600] That's what I said at the top of the hour. I said we have Tony Aardeman on. He knows a lot
[01:27.600 --> 01:31.760] more than Jerome Powell or the alternative is that Jerome Powell knows a lot more than he's telling
[01:31.760 --> 01:36.960] you. He's not being honest with anybody. So Goldman Sachs is saying we're looking at the
[01:36.960 --> 01:43.760] demise of the dollar and it's just getting started is what they said. And last time we talked a week
[01:43.760 --> 01:50.720] ago on Thursday, what was the price of gold? Was it about $4,800, $4,700? What was it?
[01:50.720 --> 01:55.520] Yes, somewhere around $4,800 and some change and it's bounced around a little bit so it's hard to
[01:55.520 --> 02:01.120] be exact. But yeah, it was just we were nearing $5,000 and that was the big milestone. Now that's
[02:01.120 --> 02:05.520] completely off the table. We're going to talk about $6,000 gold it appears. And I think we've
[02:05.520 --> 02:13.680] hit all time highs every single day, even over the weekend. That was crazy. So on Monday I thought
[02:13.680 --> 02:18.480] that can't be right. They said $5,100. Is that a projection from one of these banks? It's like,
[02:18.480 --> 02:23.760] no, that's what it hit on Monday. And I was like, what? And then the next couple of days later,
[02:23.760 --> 02:29.760] I see it's like up at $5,400, $5,500. Did it get as high as $5,800? I think I saw that somewhere
[02:29.760 --> 02:36.160] momentarily. It may be on the futures. As far as spot price, I think we've gone over $55 and then
[02:36.160 --> 02:43.280] we dropped back down. But we're moving in new territory, David. None of these, even the
[02:43.280 --> 02:49.280] simulations in the big Intel that I follow, they haven't called this. This is something
[02:49.280 --> 02:54.800] completely different. I would say that it's funny. Jerome Powell reminds me of Baghdad Bob. Remember
[02:57.120 --> 03:02.240] his press secretary or whatever you would call him, the chief minister of information, whatever
[03:02.240 --> 03:06.000] it was. And he would say, they're not here. The Americans aren't here. They're rolling through
[03:06.000 --> 03:12.000] Baghdad in real time. And he's like, we've had no contact. Well, it doesn't matter what you're
[03:12.000 --> 03:17.040] talking about with this administration. They're all Baghdad Bob. I mean, whatever the topic is,
[03:17.040 --> 03:23.360] they give you a Baghdad Bob line, don't they? It's crazy. Yeah. Field currency, I think,
[03:23.360 --> 03:30.880] is a barbarous relic in our time. We'll see. John Mayer Keynes had it in reverse.
[03:30.880 --> 03:36.160] Well, you could call it a barbarous bubble, I guess, is maybe our own little take on this.
[03:36.160 --> 03:41.120] We had Tucker Carlson talking to Peter Schiff about Bitcoin, where there ought to be the new
[03:41.120 --> 03:47.680] global reserve currency. Of course, Peter Schiff has heaped nothing but scorn on Bitcoin and crypto.
[03:47.680 --> 03:52.000] There's been this ongoing war. I would say right now it's looking pretty good for Peter Schiff's
[03:52.000 --> 03:59.120] point of view. Well, I'd say so. And I think Bitcoin right now is probably the dark horse.
[03:59.120 --> 04:03.520] It's just out there doing what it does. It's more like a stable coin at this point. I mean,
[04:03.520 --> 04:09.440] it's still trading at 85,000 a coin, which is insane if you know its history. When I got into
[04:09.440 --> 04:18.400] Bitcoin, it was $400. In 2016, that's when I first saw the usage of Bitcoin ATMs. And then
[04:18.400 --> 04:24.080] it got me interested. That's the genesis of Wise Wolf. So I've been around a long time in Bitcoin
[04:24.080 --> 04:31.120] to say it's lagging, but I think all bets are off. Everything's being repriced. Bitcoin will
[04:31.120 --> 04:36.720] probably go last because you've got to remember gold and silver are the old historical money.
[04:36.720 --> 04:42.320] They're tied to the human experience. It's biblical. It's inside of our tradition. So
[04:42.320 --> 04:49.280] it's obviously going to go first. And I see a lot of price predictions. I think some of them are
[04:49.280 --> 04:54.160] completely irresponsible from some of these commentators, especially in my space. I don't
[04:54.160 --> 05:00.080] like to make price predictions, but I do think that something else is happening, David. And
[05:00.080 --> 05:07.760] I've been running, just for my own curiosity, running the simulations on what the price of
[05:07.760 --> 05:14.480] gold would need to be if the major central banks wanted to reprice their currencies in gold.
[05:15.120 --> 05:20.080] And it looks like it's far north of what it is now, but if you take their gold holdings and you
[05:20.080 --> 05:27.920] wanted to reprice it for their M2, the money supply, it's in north of 35,000, 40,000 an ounce. And
[05:27.920 --> 05:33.600] I'm not saying that's where we're going, but something is afoot. If you wanted to reprice
[05:33.600 --> 05:39.040] something, this is how you would do it. And the US for so long, as you know, we've covered this,
[05:39.600 --> 05:45.200] has been and had an active role, especially the central bank and the Fed, of suppressing the
[05:45.200 --> 05:50.000] price. So I don't think they can do that anymore. And I think that's clearly going up in the price
[05:50.000 --> 05:56.160] of silver, not just gold, but silver is following gold. And gold's being repriced, silver's being
[05:56.160 --> 06:01.840] repriced, and nothing seems to be a governor on that anymore. That's right. And, you know, it's
[06:01.840 --> 06:07.040] kind of interesting because when you look at, you know, what is the financial system going to go to?
[06:07.040 --> 06:11.840] Well, the Trump administration is definitely pushing toward a stablecoin, just like the EU
[06:11.840 --> 06:16.400] and other places that just want to do CBDC. You know, the Trump administration is trying
[06:16.400 --> 06:24.240] to pretend it's something different than CBDC. But the Tether and these stablecoins, so-called
[06:24.240 --> 06:33.040] stablecoins, are really just a relabeled CBDC. It has a kind of private-public partnership aspect
[06:33.040 --> 06:39.200] to it, a kind of fascism, corruption thing, as you would expect from the Trump administration.
[06:39.200 --> 06:44.080] It also helps them to pretend that it's not the same as CBDC, but it's a way for them and their
[06:44.080 --> 06:52.560] buddies to make money as well. But we just saw Tether just disappear $180 million something dollars
[06:52.560 --> 06:59.360] out of several wallets, just freeze it and freeze it and seize it, is what they do, right?
[06:59.920 --> 07:04.800] And that's a warning to everybody, I think. And as we look at how things are changing,
[07:05.360 --> 07:10.480] you and I have talked for a long time about the warning about paper gold and paper silver. We
[07:10.480 --> 07:14.400] don't know if that stuff is for real either. We don't know if they've really got the gold or silver
[07:14.400 --> 07:18.800] that's there. And when push comes to shove, we may find out that they don't have it, in which case
[07:19.760 --> 07:26.080] the shares that you got in those companies off the Shanghai Gold Exchange would just plummet
[07:26.080 --> 07:33.440] if confidence disappears. You are not buying a tenth of an ounce of gold or silver. What you're
[07:33.440 --> 07:38.800] buying is shares in a company that promises that they're going to be accumulating gold and silver.
[07:38.800 --> 07:44.000] So physical possession, whether you're talking about the so-called stablecoins, which are not
[07:44.000 --> 07:49.920] stable and they're not coins. They're the way that they can freeze and seize anything that you've
[07:49.920 --> 07:56.400] got by design. That was something that was in the Genius Act that Trump put through there.
[07:57.280 --> 08:00.240] So whether you're talking about that or you're talking about paper gold or silver,
[08:00.240 --> 08:05.440] or any kind of tokenized derivative schemes that are coming out of Wall Street,
[08:05.440 --> 08:10.640] be very careful about that. And the approach that you want to take is with physical gold
[08:10.640 --> 08:14.560] and physical silver. That's why what you do, Tony, is so important.
[08:16.240 --> 08:22.000] Well, I agree with that wholeheartedly. I think the term is counterparty risk. And that used to be
[08:22.000 --> 08:26.560] a lot more acceptable. And it's funny because the institutions are going first. I always thought
[08:26.560 --> 08:31.440] it would be the other way around. I thought that the people would start to lose faith in the system
[08:31.440 --> 08:36.080] and rebel against it from the bottom up. And some of that is happening. I mean, I think it's more
[08:36.080 --> 08:42.000] widespread than it's ever been in my lifetime, especially since 1971, that people are skeptical
[08:42.000 --> 08:48.960] of the monetary system. But this has started governmentally across the world. It's an
[08:48.960 --> 08:55.680] international phenomenon of mistrust and reallocation of funds and resources. We covered
[08:55.680 --> 09:04.560] this a few months ago, David. I thought it was big news that they have the storage for physical
[09:04.560 --> 09:11.440] gold, not only in Shanghai, that they're starting new storage facilities and moving the exchange
[09:11.440 --> 09:18.080] there. I know JP Morgan is taking their gold desk there, but also in Hong Kong. I thought that was
[09:18.080 --> 09:23.280] big news. And they're building massive storage facilities just outside the airport for physical
[09:23.280 --> 09:29.200] storage. So it's not the firms that used to control so much of the paper market. And that was just
[09:29.200 --> 09:34.720] seen, hey, if you wanted a hand or do something in gold or silver as far as following the price
[09:34.720 --> 09:39.920] or the spot, this is what you would get into. There's not a lot of risk here. You don't have
[09:39.920 --> 09:44.480] to hold the gold or store it anywhere. You just buy in its spot and you can cash out. Of course,
[09:44.480 --> 09:49.360] they'd never pay you in gold or silver through any of those funds. They would pay you in fiat if you
[09:49.360 --> 09:55.200] cashed out because it's just priced against the spot or whatever those metals were. And of course,
[09:56.000 --> 09:59.680] storage is expensive, all the rest. I think I started to see a trend
[10:00.880 --> 10:06.400] about three years ago, especially after the sanctions on Russia backfire. There's this big
[10:06.400 --> 10:11.440] blowback that happened with the ruble rebounding. And they started doing those cross-border payments
[10:11.440 --> 10:16.480] with not only gold, but petroleum and other things and direct trades with China and India.
[10:16.480 --> 10:20.960] And I started thinking, this is going to be interesting as the de-dollarization continues.
[10:20.960 --> 10:27.280] I started watching these big trades going on that were multinational corporations and governments
[10:27.280 --> 10:33.120] starting to pull more gold into the system physically and then move it around. The repatriation
[10:33.120 --> 10:37.120] of gold, I thought it was a big story that didn't get covered the way it should. A lot of these
[10:37.120 --> 10:42.880] countries- Yeah, there's been a lot of talk about that from Germany this last week. It's not the
[10:42.880 --> 10:47.680] majority position there yet, but you've had a lot of people from several different parties because
[10:47.680 --> 10:52.480] they have more than two parties there, just as they do in most places other than the US.
[10:52.480 --> 10:56.400] But anyway, a lot of politicians that they're saying, we got to get it back. We can't trust
[10:56.400 --> 11:00.640] the Federal Reserve. And so if that's their position, they can't trust the Federal Reserve.
[11:00.640 --> 11:04.480] And I don't trust the Federal Reserve either, but I don't think they're going to disappear
[11:05.040 --> 11:10.720] Germany's gold. But if that's their position, if Germany is worried about the Federal Reserve's
[11:10.720 --> 11:17.440] vaults in terms of holding gold, maybe you ought to think twice about putting your money into paper
[11:17.440 --> 11:22.640] gold and paper silver, hoping that the Chinese have got the actual stuff to back up what they're
[11:22.640 --> 11:27.280] selling you in their vaults in Shanghai. You might get shanghaied with all this stuff, right?
[11:28.640 --> 11:33.920] I think it's inevitable. There's going to be a cascading series of events, I believe, that will
[11:33.920 --> 11:43.360] further expose the lack of accountability here in the next 12 months. I think something's going to
[11:43.360 --> 11:50.400] break because these prices expose it. If everything's chopping sideways or silver's boring
[11:50.400 --> 11:58.960] the way it's been my entire life, it's been like from 1980, it hit this peak at 52. It took 45
[11:58.960 --> 12:03.840] years for it to break that. And then once it broke it, it is off to the races. You got to remember,
[12:03.840 --> 12:11.840] we had these periods like 2011 where silver got close to 50 or trading at 50 and then fell back
[12:11.840 --> 12:17.040] down because the Fed was able to step in and calm things down. Ben Bernanke was the key figure
[12:17.040 --> 12:21.120] there. He's like, wait, this isn't going to happen again. We're not going to do more TARP funds. We're
[12:21.120 --> 12:26.400] not going to do massive QE or bail out things. And it calmed the markets down. Those days are
[12:26.400 --> 12:33.520] never coming back. This is the culmination, all those years of being boring, all of those paper
[12:33.520 --> 12:39.520] trades that were going on, and active suppression, David. I've seen it in real time in my business.
[12:39.600 --> 12:43.600] I've seen the suppression through, through wall street and there, they can't do it anymore. I
[12:43.600 --> 12:49.200] just don't think they have the resources or the ability to cover the spread or do anything on
[12:49.200 --> 12:55.280] selling off major. So I think the race is on for the reprise. So it was boring and now we're living
[12:55.280 --> 13:00.160] in interesting times. That's right. Exactly. It was very boring. It's kind of interesting. This
[13:00.160 --> 13:07.040] quote on Kitco, the headline Powell dismisses goals rally above 5,300. He says the Fed is not losing
[13:07.040 --> 13:18.640] credibility. Well, imagine the quote unquote credibility when Trump takes it over and he is
[13:18.640 --> 13:22.640] the entire Fed and he's going to tell everybody what to do. That's, that's when you're going to
[13:22.640 --> 13:28.400] see credibility fleshed out the toilet right there. But when you're talking about interesting
[13:28.400 --> 13:33.280] times and the radical changes, we've got a comment here from North American house. I probably says
[13:33.360 --> 13:38.960] Mike shedlot said a couple of years ago that if gold ever hit 10,000 and silver was hundreds of
[13:38.960 --> 13:43.840] dollars, he said it would never happen. But if it did, you wouldn't want to leave your house.
[13:45.440 --> 13:51.040] What's your comment about that? Well, I think you'd need a little bit higher number. Would
[13:51.040 --> 13:57.280] anybody, would we blink right now if gold went to 6,000? The, and that's the rest of the populace.
[13:57.280 --> 14:02.640] I mean, obviously we're in a unique niche space of people paying attention, but we're talking
[14:02.640 --> 14:06.960] about this, the vast majority of people don't really know that the historical context of,
[14:06.960 --> 14:14.480] Oh, silver's, you know, at $118 an ounce or whatever it is today. How insane that is given
[14:14.480 --> 14:19.200] our timeline. So I think a lot of things have to catch up. I mean, gold could go to 10,000
[14:20.160 --> 14:26.240] in the next year. Would it break the system? Probably not. There's just a, there's a,
[14:26.960 --> 14:31.760] there's a long way to go in the repricing of all this. And what does that even mean? I mean,
[14:31.760 --> 14:37.520] really, how many, for you to price things in dollars anymore, do we really know the true
[14:37.520 --> 14:42.800] extent of the devaluation that's gone on? Are we just so psychologically programmed to give these
[14:42.800 --> 14:48.720] things value that we continue to do that? And I think that metric is that's the, that's what's
[14:48.720 --> 14:54.560] being worked out right now. We're in undiscovered country, you know, we're a new pricing territory.
[14:54.560 --> 15:00.160] This never happened before because we've never had, I mean, nothing can go back and you can't
[15:00.160 --> 15:06.160] really historically overlay what we've done in the last 50 plus years with our currency. It's
[15:06.160 --> 15:11.840] never truly gone on or gotten that big. You know, we never had this fiat currency that was worldwide
[15:11.840 --> 15:18.320] in everything and, and then being, you know, de-dollarized it rapidly. So we've never seen
[15:18.320 --> 15:24.240] that before. So I don't know what pricing strategy, I would say if, if, if silver,
[15:24.240 --> 15:30.960] like some of these Yahoo's on, I see that to see a lot of these commentators, people that want to
[15:30.960 --> 15:36.880] get clicks and they'll put on, you know, $5,000 silver, you know, whatever. I see those people
[15:36.880 --> 15:41.520] all the time. If you're at that amount, maybe you can't go outside at a certain level. It doesn't
[15:42.160 --> 15:49.600] matter, you know, at a certain level that you're repricing in dollars is, is kind of absurd.
[15:50.240 --> 15:58.080] And, and when you look at the global debt, I mean, that's the point that Ray Dalio was making at
[15:58.080 --> 16:02.160] Davos. He said, maybe we're not looking at de-dollarization, but we're looking at
[16:02.160 --> 16:08.480] de-fiat ization. And he sees that as something that is, you know, certainly would de-dollarize
[16:08.480 --> 16:12.960] things would be much broader than that because it would include all these other fiat currencies like
[16:12.960 --> 16:18.320] the Euro and all these other national currencies that are out there. When you look at the massive
[16:18.320 --> 16:22.320] amount of debt that is there and how it just keeps expanding with all that. I've got another
[16:22.320 --> 16:27.760] comment here from Steve Evans. He said, can you sell metals? Is it all buy and hold? He says,
[16:27.760 --> 16:34.640] I'm holding. Ask Tony if he isn't buying silver. Help Impact News thinks that many people aren't
[16:34.640 --> 16:40.400] buying or many gold and silver dealers aren't buying. Yeah, they're, I know why they're not,
[16:41.200 --> 16:44.720] but we're still buying. As a matter of fact, as soon as we're done with the broadcast,
[16:44.720 --> 16:49.360] I'm going to send out prices, but I'm still buying and I have to, you know, I have to
[16:49.360 --> 16:56.320] balance between the percentages that I'll buy back for and my risk, you know, and also being
[16:56.320 --> 17:01.200] professional and making sure people get a good deal. It's a tough, it's a balancing act at this
[17:01.200 --> 17:06.080] point. Well, as I said last week, before we saw this explosion this week in the price of metals,
[17:06.800 --> 17:11.360] I don't know how you'd do it. I mean, you're already operating in a hyperinflation economy,
[17:11.360 --> 17:17.040] you know, the type of thing we've always talked about in Argentina or Nazi Germany or whatever,
[17:17.040 --> 17:22.160] pre-Nazi Germany, where, you know, the price of the commodity is jumping massive amounts
[17:22.800 --> 17:26.800] during the day each day. You know, how do you operate in something like that? I don't know.
[17:27.360 --> 17:32.960] Every, yeah, I have the shop in Missouri and then I have the shop in Texas. And look at my sons here
[17:32.960 --> 17:38.800] in Texas with me and I'm broadcasting out of my, I stand, we've been up close for days by the way,
[17:38.800 --> 17:42.800] which has given us a little bit of breathing room. And Branson, yesterday when I reopened,
[17:42.800 --> 17:47.520] I said, look, let's just pack wolf pack packages. We can still sell, but we're not going to buy.
[17:47.520 --> 17:53.040] And that was the only time in the history of my shop. Hey, it's Ben Ferguson. And I want you to
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[18:10.880 --> 18:16.880] not later today, not tomorrow, there's a child in the world who doesn't know if they'll eat,
[18:17.440 --> 18:24.000] if they'll have a chance to learn or if there's any hope at all. And while we're all busy,
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[19:26.400 --> 19:45.680] So today we're going to be buying again. And the difficulty is you have to look at every single
[19:45.680 --> 19:49.920] thing that you buy or every docket of things. I have to figure out where I'm going to source
[19:49.920 --> 19:54.480] and where I'm going to sell it. A lot of times this gets, thank goodness I've been able to pass
[19:54.480 --> 19:58.960] on stuff like that to Wolfpack people. Any of the Wolfpack members have been getting,
[19:58.960 --> 20:05.840] if you do constitutional Wolf, you're getting stuff at Melt. So I can still buy 90% US silver,
[20:05.840 --> 20:12.240] which most dealers and then refiners aren't buying. I really have no, except for one place,
[20:12.240 --> 20:16.960] but it takes three weeks to get paid anywhere to take 90% silver. But that doesn't mean
[20:17.600 --> 20:22.160] that 90% is not a good long-term hold. As a matter of fact, I think it's one of the best
[20:22.160 --> 20:27.440] upside things you can be doing right now. And people I think are confusing. They're like,
[20:27.440 --> 20:32.240] well, I held this silver all this time. Why can't I sell now? Well, you're talking about
[20:32.240 --> 20:38.160] a bottleneck system where, you know, countless people are trying to do the same thing that you
[20:38.160 --> 20:44.640] did. You need to just let it calm itself out. And then prices for the percentages that we're
[20:44.640 --> 20:49.200] buying will rise again. But this, this market is, you know, there's nowhere for me to sell
[20:49.840 --> 20:55.760] sterling silver. Does that mean sterling silver, like flatware and knives and jewelry and things?
[20:55.760 --> 21:00.560] Does that mean that is not worth anything? Of course not. It just means that the refiners are
[21:00.560 --> 21:06.240] overloaded. Dealers are overloaded. There's no liquidity right now, but if you give it enough
[21:06.240 --> 21:14.800] time, it will just sort itself out. You know, the rush to sell, if I'm somebody that's held
[21:14.800 --> 21:20.720] silver a long time, you got a few options, but honestly, I'd want to see where the price goes
[21:20.720 --> 21:28.000] and let things, let things settle out because I think that they will, David. We talked about
[21:28.000 --> 21:33.680] this report and I saw somebody sent it to me and I watched it. It was at a gold and silver show.
[21:33.680 --> 21:37.760] You know, they set these things up like gun shows and, and it's kind of a retail thing.
[21:37.760 --> 21:41.760] You got a lot of retail sellers who are there and then you have people come in just like they
[21:41.760 --> 21:46.000] do at a gun show and they're going to buy gold and silver and things like that. And this guy went
[21:46.000 --> 21:49.200] around talking to all the different dealers and he said, so what's going on? They said, well,
[21:49.200 --> 21:55.920] nobody's buying silver. Everybody wants to sell silver. And that was last summer. Everybody
[21:55.920 --> 22:01.760] wanted to sell it. And they said, yeah, the institutions can't get enough of it, but the
[22:01.760 --> 22:07.120] retail trade doesn't want to buy any of it. And, and they're also feeling economic pressure in
[22:07.120 --> 22:11.360] terms of, yeah, I need the money right now. So, you know, it was kind of an interesting thing,
[22:11.360 --> 22:18.640] especially when you look at this. Some of these people, if, if these dealers said, I can't buy
[22:18.640 --> 22:22.720] any more right now, whatever, they're probably regretting that. And the people who sold it last
[22:22.720 --> 22:27.760] summer, probably regretting it as well. It's amazing because that was just before it took
[22:27.760 --> 22:33.680] off like a rocket. And people thought that 60 was the top and 70 was the top. And I thought,
[22:33.680 --> 22:37.760] I kept saying, I don't, you know, look, I can take your stuff. I don't think this is the top.
[22:37.760 --> 22:43.120] People would always ask me that. And, you know, this part of how I stay in business is buying
[22:43.120 --> 22:47.760] products. And when I stopped buying, it really is, there's something fundamentally wrong with
[22:47.760 --> 22:53.360] the system. If I give that, you know, if I give that order to my shops to stop buying across the
[22:53.360 --> 23:00.000] board, there's something, there's something terribly wrong. But, but I do think that if you,
[23:00.000 --> 23:04.480] if you look at who's buying, that's, that's the tell. And we do get, and we still have customers,
[23:04.480 --> 23:09.360] but I get people that send me stuff, David, all the time. And they're like, is this how your shop
[23:09.360 --> 23:13.760] is? And they'll send me some YouTube video of some dealers somewhere going, people are lined up
[23:13.760 --> 23:18.320] around the block and they're buying all the silver I have. And I'm like, that's not my experience
[23:18.320 --> 23:22.720] in two different States or the phone. Like, that's not, that's not how, you know, and I,
[23:22.720 --> 23:26.960] and my phone rings constantly. I have a full-time person just answering the phone. We try to get to
[23:26.960 --> 23:34.240] every call. That guy says Oriental rugs, I guess. It's funny. I really, I, and I go, people are
[23:34.240 --> 23:39.120] always asking me like, Oh, I guess you're, you're selling a lot of silver. No. And we can move a
[23:39.120 --> 23:45.120] lot of it. The key factor I think here is that when, where what's helped us is the dollar cost
[23:45.120 --> 23:49.120] averaging people over at Wolfpack done a great job with this. If you just let it sit there,
[23:49.120 --> 23:54.560] we're going to continue to whatever the price is that week. That's right. We just fill that order.
[23:54.560 --> 23:59.840] I mean, I think just look at it as a slow accumulation. As you pointed out, you're
[23:59.840 --> 24:04.240] averaging this out over time. You don't have to sweat it that you're buying in at one point in
[24:04.240 --> 24:08.240] time. And maybe I got in at the wrong time or something like that. You mentioned constitutional
[24:08.240 --> 24:13.280] Wolf. You said getting people, people getting that at melt. What level is that on a monthly?
[24:13.280 --> 24:19.120] It's its own level. It's, it's either two 50 or 500 and you can do one time or you can put it on
[24:19.120 --> 24:24.000] accumulation. And those actually get, you can collectibles in there because they don't have
[24:24.000 --> 24:28.000] time to sort through that, but you get collectibles, you get silver dollars. And when I was saying
[24:28.000 --> 24:32.960] earlier, I was on the phone with, and it's funny because we, we've never, we've never been in this
[24:32.960 --> 24:39.280] situation before. These prices were so high that I have to reevaluate how I even look at my own,
[24:39.280 --> 24:44.800] the packages. Like, okay, this, I used to think, okay, we'll put XX and then I can't, you know,
[24:44.800 --> 24:50.560] I remember saving some shipping costs there, right? Well, you know, it doesn't, yeah, it's,
[24:50.560 --> 24:55.840] it's a much, I have to figure out too. I'm like, you can't just send people one thing, you know,
[24:55.840 --> 24:59.840] like I'd try to give some variety, but it's harder and harder. You know, if you look at a,
[24:59.840 --> 25:05.440] you know, walking Liberty or Franklin or Kennedy half dollar, I mean, David, that's like $40 of
[25:05.440 --> 25:09.440] melt right now. Like that just, just that half dollar. We used to be able to put that in,
[25:09.440 --> 25:16.080] into a lone wolf and it's over $40 in melt, um, just for the haves. And so I,
[25:16.160 --> 25:22.240] I put a silver dollar yesterday in the warrior wolves, which was like one 25. And I think we
[25:22.240 --> 25:27.680] can squeeze out a gold back on top of it. It's, it's just insane. So it's, it's harder and harder
[25:27.680 --> 25:34.320] to do what we do. And then, um, you know, finding quality variety to put in the packs. And that's
[25:34.320 --> 25:40.000] just because of the price. I got a question for you from somebody left on X, uh, for you yesterday
[25:40.320 --> 25:47.600] from somebody, an account called non identity. They said, uh, uh, when the U S dollar collapses,
[25:47.600 --> 25:51.520] what happens to the money in people's bank accounts? Like Elon Musk, who says, we're not
[25:51.520 --> 25:56.800] going to have any money. It's like, so why are you so hell bent on accumulating a trillion dollar
[25:56.800 --> 26:01.920] net worth, but what happens to his money when it, when the dollar becomes worthless? Uh, everything
[26:01.920 --> 26:06.960] is valued in dollars. Yeah. It's a really interesting question. And that kind of,
[26:07.040 --> 26:13.680] that kind of presupposes that they will still hold dollars in the last days of the, like in the,
[26:13.680 --> 26:18.720] in the final act of whatever the dollar's role is right now. And I don't think the dollar is going
[26:18.720 --> 26:23.600] to ultimately collapse, collapse like overnight. I don't think it'll have something like that.
[26:23.600 --> 26:30.000] I think it'll be a, a decline that gives people some time to exit those people with the golden
[26:30.000 --> 26:36.320] parachutes. And you've got to remember too that, Hey, it's Ben Ferguson. And I want you to pause
[26:36.320 --> 26:41.680] what you're doing for just one minute. And I want you to hear about Alejandra. She lives
[26:41.680 --> 26:48.080] in a remote community with very few resources and little to no healthcare. So when Alejandra
[26:48.080 --> 26:54.720] gets sick, her parents have no real options, no doctors in their community and no money
[26:54.720 --> 27:01.440] for real medical care. By the third day, her body was shutting down. She woke up and just long enough
[27:01.440 --> 27:09.440] to tell her mom, I can't take the pain anymore. I can't keep going. Her parents drove hours to
[27:09.440 --> 27:15.840] find a doctor who tried everything, but she needed a private hospital. And that was impossible for
[27:15.840 --> 27:22.960] her family to afford. And that is when compassion international stepped in. Now through compassion,
[27:22.960 --> 27:30.160] Alejandra was treated and against all odds, she survived. She lived because someone just like you
[27:30.160 --> 27:36.640] took action right now. Unfortunately, there are children just like Alejandra who won't survive
[27:36.640 --> 27:42.960] unless someone like you steps in compassion international partners with local churches,
[27:42.960 --> 27:50.000] providing children with the support that they need critical medical care plus food education
[27:50.000 --> 27:57.360] and the hope of the gospel all in Jesus name. So help a child just like Alejandra today.
[27:57.360 --> 28:02.560] You can visit compassion.com. That's compassion.com.
[28:27.360 --> 28:38.160] They have to play a certain game. They have to hold a certain amount in dollars. I believe this
[28:38.160 --> 28:45.280] is the way that I think their ticket, their acceptance at the table of whatever billionaires
[28:45.280 --> 28:50.560] do. I think they have to hold a certain amount of dollars in the system. So I think it probably
[28:50.560 --> 28:56.080] would be an exit right beforehand. Like if you want to look closely, see where are these billionaires
[28:56.080 --> 29:02.480] and others are going up in this timeline to see where you should go. And I think they'll be
[29:02.480 --> 29:08.400] placing more into physical assets along in the next two to three years, see massive flows out
[29:08.400 --> 29:13.360] of the dollar and into it could be even real estate or other things, but it'll be commodities.
[29:13.360 --> 29:20.480] Yeah. And something that's even in maybe even to a gold back stable coin stuff like that.
[29:20.480 --> 29:25.680] Yeah, because it's like the dilemma that the central banks have, right? They don't like holding
[29:25.680 --> 29:30.400] the dollar, but they can't just dump it all at once or they make their own holdings worthless.
[29:30.400 --> 29:36.160] And so it has to be a gradual process to get out of that as well. And I got some more questions
[29:36.160 --> 29:43.040] here for you. This is from Malutin Milankovic says, should we think about platinum? It seems low.
[29:43.040 --> 29:50.000] It used to be on par with gold. Yeah. Platinum really surprised me. I hadn't paid attention
[29:50.000 --> 29:54.880] to it in a while. I mean, I own some platinum and my shop has inventory of platinum just because
[29:54.880 --> 30:01.120] we bought it from people and just held it. But for the longest time, I would always do
[30:01.120 --> 30:05.920] the platinum spot price. I'm like, oh, here it's 8, 900, 8, 900. It would always be there in the
[30:05.920 --> 30:11.120] 8, 900 to a thousand range. And then one day I looked up and it's 2,000 and it's more. I'm like,
[30:11.120 --> 30:15.760] whoa, whoa, whoa. It just really surprised me. And I said, is that right? And I'd go back through
[30:15.760 --> 30:24.240] and recalculate. Yeah. Platinum is a good play. I don't do enough of it. I hold some of it just
[30:24.240 --> 30:28.720] because I mean, long-term, any of it, you gotta remember any of these metals, if you can physically
[30:28.720 --> 30:33.520] hold them and buy them at a good price and you're not just paying some collectible fee or some
[30:33.520 --> 30:38.960] nonsense, if you can get in there and just hold them long-term, you're going to make out. Okay.
[30:38.960 --> 30:42.880] Yeah. I mean, it's going to happen. It's real. And people need to make things out of it. I think
[30:42.880 --> 30:46.800] platinum, they need that for these catalytic converters. And although I'd be the first to
[30:46.800 --> 30:51.440] say you don't need a catalytic converter, you actually have to have them in these cars.
[30:51.520 --> 30:58.880] And so as a matter of fact, when I cut mine off, I did it to shop and I was able to sell it because
[30:58.880 --> 31:05.760] of the platinum that was in it. So yeah, there's that. Gard Goldsmith, Liberty Conspiracy says,
[31:05.760 --> 31:12.480] could Tony discuss the change in importance of the collectible quality of a gold or silver coin
[31:12.480 --> 31:16.160] versus the metal content during rough economic times?
[31:16.160 --> 31:25.760] I love collectible, historic coins. It's part of the interest of why I like the business that I'm
[31:25.760 --> 31:32.640] in. But you have to be, it's like real estate. And it's like, I see a lot of interesting coins,
[31:32.640 --> 31:39.040] even non-gold and silver coins. And I've bought coins from the Roman Empire at my shops and very,
[31:39.040 --> 31:44.960] very old coins, you know, the Spanish silver dollars, the pieces of eight and things like
[31:44.960 --> 31:51.200] that, pirate money. I literally bought, you know, pirate money over the years. But you have to
[31:51.200 --> 31:58.000] remember, it's just like anything else. Something is worth what somebody will pay for it. So if
[31:58.000 --> 32:04.880] you're interested in historic coins or something like that, just make sure you're not going too
[32:04.880 --> 32:10.800] far into the blue sky of, of, you know, ethereal worth, you know, I have people call me all the
[32:10.800 --> 32:15.760] time and say, I looked it up online and this quarter's worth $10,000. I'm like, well, maybe it
[32:15.760 --> 32:23.040] is if you could sell it. I mean, and I just, you know, that's a, it's a very small pool of people
[32:23.040 --> 32:27.760] that do collectibles and you got to know who those people are. And I've been in business for,
[32:27.760 --> 32:34.080] for 10 years and I don't know many people. It's, so I did, and I haven't been asked, you know,
[32:34.080 --> 32:40.960] no one calls our phone and says, Hey, I'm really looking for this, you know, 1879 gold coin. And
[32:40.960 --> 32:46.240] it's, you know, it's a Carson city or whatever. And I want to pay, nobody really does that. It
[32:46.240 --> 32:51.680] doesn't mean it's not out there, but I'd be really careful. I think it's a good time to buy some of
[32:51.680 --> 32:58.400] the pre 1933 gold. If you know the right people that you're not paying too much. That's always a
[32:58.400 --> 33:05.120] good American pre 1933 gold is always a good place. I like the $5, $10 and two and a half dollar
[33:05.120 --> 33:11.840] Indians too. And those are just a really iconic looking and, and beautiful coins. And right now
[33:11.840 --> 33:17.760] you can still get them for closer to the, to the melt price, which is insane right now.
[33:17.760 --> 33:24.000] Well, it's kind of like, I guess the, the comic book thing. I had a lot of, I guess I learned how
[33:24.000 --> 33:30.240] to read reading comic books as how my, my mom would keep me busy before I started school.
[33:30.240 --> 33:35.680] And so I've got a lot of really old comic books and some of them are supposed to be pretty valuable,
[33:35.680 --> 33:39.840] but you got to find somebody who's going to pay that for it. Right. That's the real issue. That's
[33:39.840 --> 33:44.000] any kind of collectible, you know, whether you're talking about, and you got to get it graded. So
[33:44.000 --> 33:49.680] somebody independent party has certified, you know, what this thing is and condition it's in. And so
[33:49.680 --> 33:54.960] you always get into that with collectibles. And I guess my bigger question would be
[33:54.960 --> 34:00.160] if society breaks down, how do you, how do you evaluate the purity of gold? If you're not a
[34:00.160 --> 34:04.560] dealer, right? You know, when somebody gives you a piece of gold, you got the capability to do that.
[34:04.560 --> 34:10.960] But how does ordinary person evaluate that this isn't a slug that is coded in something, if you're
[34:10.960 --> 34:18.880] trying to exchange with somebody else, right? Well, I would, you can cheaply get a coin book,
[34:19.120 --> 34:26.640] off Amazon, that'd be a great place to start. Just a 2026 guide to US coins. That's a good place
[34:26.640 --> 34:35.280] because you can look, especially if it's not bullion, you know, you can see how much it weighs,
[34:35.280 --> 34:38.880] what it would be worth in that climate. And then, you know, a few things that you,
[34:38.880 --> 34:43.680] you could get a rare earth magnet for a few dollars and that's easy, like a little rectangle,
[34:43.680 --> 34:48.320] get a rare earth magnet, make sure it doesn't pull the magnet. That's one way to do it. And then
[34:48.320 --> 34:52.720] weighing it. Weight is really important. It's like the diameter and the weight. Now they have
[34:52.720 --> 35:00.000] some really good fakes now. And if I was, if this was a, you know, a post dollar system and I was
[35:00.000 --> 35:05.280] bothering, I'd make sure that I stayed in small denominations and I wouldn't take a one ounce
[35:05.280 --> 35:10.160] gold unless I could verify it myself, you know, unless there was some verification process. But
[35:10.160 --> 35:19.360] if you stuck to the smaller stuff, that's why I think that... Okay. Sorry. Your audio cut out
[35:19.360 --> 35:22.400] there for a moment. Oh, did it? I'm sorry about that. You were saying if you stick to the smaller
[35:22.400 --> 35:26.960] stuff, you're okay in terms of... Smaller stuff would be much better. And I do believe too,
[35:26.960 --> 35:33.840] that the pre, that's where the pre 1965 US silver would become very valuable because it's hard. I
[35:33.840 --> 35:39.680] mean, those, there's very few fakes of those. They do fake them, but that you can generally tell
[35:39.680 --> 35:45.040] about the weight and the patina and like the look of them. So that's where that would come
[35:45.040 --> 35:52.240] in and really handy to have a good stock of pre 1965 silver. That's really important to know. Yeah.
[35:52.240 --> 35:56.800] I'm looking at this article here. Mike Every of Rabobank is saying exactly the opposite of
[35:56.800 --> 36:03.200] Jerome Paley says the gold move is a vote of no confidence in the entire global financial
[36:03.200 --> 36:08.320] architecture. Yeah. It's, it's much bigger than just the federal reserve. Ray Dalio said the same
[36:08.320 --> 36:15.600] thing. It is a global situation and nothing is changing about any of that. It's, it's only going
[36:15.600 --> 36:19.520] to get worse and it's going to get worse at an increasing rate. I think that we're going to see
[36:19.520 --> 36:24.080] Tony. So yeah, it's very important for people to understand that. Anything else you want to tell
[36:24.080 --> 36:30.880] us about what's happening at Wise Wolf Gold this week, besides the snow and got snow and you got
[36:30.880 --> 36:36.560] rapidly accelerating prices. It's a difficult environment to work in, isn't it? It was kind of
[36:36.560 --> 36:41.760] a blessing to have a few days for my crew, especially they've been, I'm really proud of
[36:41.760 --> 36:47.200] them. They've been stretched to their limits, you know, to try and balance stuff and, and do
[36:47.200 --> 36:52.720] packing and all the rest. So we're going to dip our toe back into the water officially today. We'll
[36:52.720 --> 36:58.480] see how, how things go, but just keeping the doors open. I think this, you know, we've got
[36:58.480 --> 37:03.440] wonderful customers and we appreciate your audience and you know, it's, it's going to,
[37:03.440 --> 37:07.040] it's going to balance out, I think, uh, and hold for a little while very soon.
[37:07.040 --> 37:11.280] It'll be some sort of profit taking and other things, but I don't, I think we're in a, in a
[37:11.280 --> 37:19.520] territory where, you know, patients will serve you well. That's right. I'm making any sort of, um,
[37:19.520 --> 37:24.160] I think, you know, big moves right now, as far as selling or anything, I think if you can hold,
[37:24.160 --> 37:29.360] if you can afford it, I would, uh, you know, because it's not just, that's what we've been
[37:29.360 --> 37:33.200] telling people for the longest time. It's not just one thing, right? If it's just one thing,
[37:33.200 --> 37:37.200] that one thing could change very quickly, but it's a whole constellation of multiple things
[37:37.200 --> 37:42.240] that are coming together all at once and creating this perfect storm for the monetary system.
[37:42.240 --> 37:47.120] And it is the time that we live in, no doubt about it. Well, it's always a pleasure talking
[37:47.120 --> 37:52.240] to you, Tony. And I know the people who have done business with you are very happy at this point
[37:52.320 --> 37:58.240] that they've done business with you. And, um, uh, again, um, you know, have a, have a portion
[37:58.880 --> 38:03.360] of, uh, your wealth that's going to be in, uh, diversified and something that has been
[38:04.000 --> 38:08.640] stable. And, uh, it's not that, that gold is getting unstable or silver is getting unstable.
[38:08.640 --> 38:14.000] When we see the prices changing, that is really, as we've pointed out, that's a reflection of
[38:14.000 --> 38:18.560] what you're pricing gold and silver in being unstable, whether it's the U S dollar or some
[38:18.560 --> 38:24.160] other currency. And so what we're looking at here, when we see these dollar values changing
[38:24.160 --> 38:29.200] so rapidly, um, you know, it's, it's kind of like a hyperinflation or you got a loaf of bread and
[38:29.200 --> 38:34.240] all of a sudden, you know, you're going to have a lot more simoleons to get that bread. It doesn't
[38:34.240 --> 38:39.760] mean the bread is appreciating your value like that, but, uh, it's, it's that the currency is
[38:39.760 --> 38:44.000] going down and that's really what we're seeing here. A lot of different things coming together.
[38:44.080 --> 38:50.320] And again, I only see it getting worse once it gets old to the federal reserve. He is an agent
[38:50.320 --> 38:55.920] of chaos and, uh, people are going to be scared to death about what he's going to do, whether he
[38:55.920 --> 39:00.560] does anything or not with it, but I expect him to do something with it. So we'll see.
[39:00.560 --> 39:04.560] I do too. I think that's a, I think it's a foregone conclusion and I think the market's
[39:04.560 --> 39:09.360] already starting to somewhat price that in. Well, it's always great talking to you. Thank
[39:09.360 --> 39:14.000] you so much, Tony. And again, you can go to davidknight.gold and that'll take you to Tony
[39:14.560 --> 39:19.120] at, uh, Weiswolf Gold and let him know that you came through us. Thank you, Tony. Great to talk
[39:19.120 --> 39:26.880] to you. Thank you, David.
[39:30.160 --> 39:30.960] The common man.
[39:34.320 --> 39:39.200] They created common core to dumb down our children. They created common past to track
[39:39.200 --> 39:46.400] and control us. Their commons project to make sure the commoners own nothing and the communist
[39:46.400 --> 39:54.240] future. They see the common man as simple, unsophisticated, ordinary, but each of us has
[39:54.240 --> 40:02.480] worth and dignity created in the image of God. That is what we have in common. That is what they
[40:02.480 --> 40:08.560] want to take away. Their most powerful weapons are isolation, deception, intimidation.
[40:09.280 --> 40:15.680] They desire to know everything about us while they hide everything from us. It's time to turn
[40:15.680 --> 40:21.600] that around and expose what they want to hide. Please share the information and links you'll
[40:21.600 --> 40:26.640] find at the David Knight show.com. Thank you for listening. Thank you for sharing.
[40:32.400 --> 40:48.640] If you can't support us financially, please keep us in your prayers. The David Knight show.com.
[40:51.600 --> 40:54.640] Thank you.
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