tony_01_29_2026.timecode

Detecting language using up to the first 30 seconds. Use `--language` to specify the language
Detected language: English
[00:00.000 --> 00:03.680]  What's going on, Texas? It's Bluff here. Are you sick and tired of going to the rodeo,
[00:03.680 --> 00:07.440]  eating that great Texas barbecue, and sweeping tumbleweeds off your driveway?
[00:07.440 --> 00:08.880]  Well, don't worry, you can take a break now.
[00:08.880 --> 00:16.000]  Spinquest.com, that's S-P-I-N-Q-U-E-S-T.com, is a brand new social casino with over a thousand
[00:16.000 --> 00:18.880]  games available for you to play from the comfort of your own home.
[00:18.880 --> 00:24.000]  Instant cash prize redemptions and new players actually get $30 coin packages for only $10 bucks!
[00:24.000 --> 00:24.880]  Sign up today!
[00:24.880 --> 00:27.200]  Spinquest is a free-to-play social casino.
[00:27.200 --> 00:30.240]  Void where prohibited. Visit Spinquest.com for more details.
[00:57.200 --> 01:13.280]  Well, welcome back, and joining us now is Tony Aardeman, and he is at the tip of the spear of
[01:13.280 --> 01:17.760]  the news right now because the big news is what is happening to gold and what is happening to the
[01:17.760 --> 01:24.080]  dollar. And we just had Drumbel say, oh, there's no problem with the dollar. That's what I said.
[01:24.160 --> 01:28.960]  At the top of the hour, I said, we have Tony Aardeman on. He knows a lot more than Jerome
[01:28.960 --> 01:32.400]  Powell. Or, you know, the alternative is that Jerome Powell knows a lot more than he's telling
[01:32.400 --> 01:37.600]  you. He's not being honest with anybody. So Goldman Sachs is saying we're looking at the
[01:37.600 --> 01:43.520]  demise of the dollar, and it's just getting started, is what they said. And last time we
[01:43.520 --> 01:50.880]  talked a week ago on Thursday, what was the price of gold? Was it about $4,800, $4,700? What was it?
[01:51.280 --> 01:56.000]  Yes, somewhere around $4,800 and some change, and it's bounced around a little bit, so it's hard
[01:56.000 --> 02:02.160]  to be exact. But yeah, we were nearing $5,000. That was the big milestone. Now that's completely
[02:02.160 --> 02:06.720]  off the table. We're going to talk about $6,000 gold, it appears. And I think we've hit all-time
[02:06.720 --> 02:14.320]  highs every single day, even over the weekend. That was crazy. On Monday, I thought,
[02:14.320 --> 02:19.040]  that can't be right. They said $5,100. Is that a projection from one of these banks? It's like,
[02:19.040 --> 02:24.320]  no, that's what it hit on Monday. And I was like, what? And then the next couple of days later,
[02:24.320 --> 02:30.320]  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,
[02:30.320 --> 02:36.480]  momentarily. It may be on the futures. As far as spot price, I think we've gone over $5,500,
[02:36.480 --> 02:43.920]  and then it dropped back down. We're moving in new territory, David. None of these, even the
[02:43.920 --> 02:49.920]  simulations and the big Intel that I follow, they haven't called this. This is something
[02:49.920 --> 02:55.040]  completely different. I would say that, it's funny, Jerome Powell reminds me of Baghdad Bob.
[02:55.040 --> 03:01.840]  Remember Saddam's, his press secretary, or whatever you would call it, the chief minister
[03:01.840 --> 03:05.840]  of information, whatever it was. And he would say, they're not here. The Americans aren't here.
[03:05.840 --> 03:10.320]  They're rolling through Baghdad in real time. And he's like, we've had no contact.
[03:11.280 --> 03:15.280]  Well, it doesn't matter what you're talking about with this administration. They're all Baghdad Bob.
[03:15.280 --> 03:21.200]  I mean, whatever the topic is, they give you a Baghdad Bob line, don't they? It's crazy.
[03:22.160 --> 03:27.200]  Yeah. Field currency, I think, is a barbarous relic. In our time, we're seeing
[03:29.200 --> 03:31.440]  John Maynard Keynes had it in reverse.
[03:31.440 --> 03:36.720]  Well, you could call it a barbarous bubble, I guess, is maybe our own little take on this.
[03:36.720 --> 03:41.680]  We had Tucker Carlson talking to Peter Schiff about Bitcoin, whether it ought to be the new
[03:41.680 --> 03:46.080]  global reserve currency. Of course, you know, Peter Schiff has heaped nothing but
[03:46.080 --> 03:50.800]  scorn on Bitcoin and crypto. There's been this ongoing war. I would say right now,
[03:50.800 --> 03:53.120]  it's looking pretty good for Peter Schiff's point of view.
[03:54.320 --> 04:00.480]  Well, I'd say so. And I think Bitcoin right now is probably the dark horse. It's just out there
[04:01.200 --> 04:05.360]  doing what it does. It's more like a stablecoin at this point. I mean, it's still trading at
[04:05.360 --> 04:11.840]  $85,000 a coin, which is insane if you know its history. When I got into Bitcoin, it was $400.
[04:12.960 --> 04:19.360]  That was in 2016. That's when I first saw the usage of Bitcoin ATMs. And then it got me
[04:19.360 --> 04:24.880]  interested. That's the genesis of Wisewolf. So I've been around a long time in Bitcoin to say
[04:25.680 --> 04:31.680]  it's lagging, but I think we're all bets are off. Everything's being repriced. Bitcoin will
[04:31.680 --> 04:37.280]  probably go last because you got to remember gold and silver are the old historical money.
[04:37.280 --> 04:42.880]  They're tied to the human experience. It's biblical. It's inside of our tradition. So
[04:42.880 --> 04:49.840]  it's obviously going to go first. And I see a lot of price predictions. I think some of them are
[04:49.840 --> 04:54.720]  completely irresponsible from some of these commentators, especially in my space. I don't
[04:54.720 --> 05:00.640]  like to make price predictions, but I do think that something else is happening, David. And
[05:00.640 --> 05:08.320]  I've been running just for my own curiosity, running the simulations on what the price of
[05:08.320 --> 05:15.040]  gold would need to be if the major central banks wanted to reprice their currencies in gold.
[05:15.680 --> 05:20.640]  And it looks like it's far north of what it is now, but if you take their gold holdings and you
[05:20.640 --> 05:28.400]  wanted to reprice it for their M2, the money supply, and it's in north of 35, 40,000 an ounce,
[05:28.400 --> 05:32.160]  and I'm not saying that's where we're going, but something is afoot. If you wanted to
[05:33.600 --> 05:39.440]  reprice something, this is how you would do it. And the US for so long, as you know, we've covered
[05:39.440 --> 05:45.760]  this, has been and had an active role, especially the central bank and the Fed, of suppressing the
[05:45.760 --> 05:50.560]  price. So I don't think they can do that anymore. And I think that's clearly going up in the price
[05:50.560 --> 05:56.800]  of silver, not just gold, but silver is following gold and gold's being repriced, silver's being
[05:56.800 --> 06:02.160]  repriced, and nothing seems to be a governor on that anymore. That's right. And you know,
[06:02.160 --> 06:06.720]  it's kind of interesting, because when you look at, you know, what is the financial system going
[06:06.720 --> 06:11.520]  to go to? Well, the Trump administration is definitely pushing toward a stable coin,
[06:11.520 --> 06:16.800]  just like the EU and other places that just want to do CBDC. You know, the Trump administration is
[06:16.800 --> 06:24.240]  trying to pretend it's something different than CBDC. But the Tether and these stable coins,
[06:24.240 --> 06:32.480]  so-called stable coins, are really just a relabeled CBDC. It has a kind of private-public
[06:32.480 --> 06:38.640]  partnership aspect to it, a kind of fascism, corruption type of thing, as you would expect from
[06:38.640 --> 06:43.600]  the Trump administration. It also helps them to pretend that it's not the same as CBDC, but it's
[06:43.600 --> 06:50.320]  a way for them and their buddies to make money as well. But we just saw Tether just disappear
[06:50.320 --> 06:58.480]  180 million-something dollars out of several wallets, just froze it and freeze it and seize
[06:58.480 --> 07:04.720]  it, is what they do, right? And that's a warning to everybody, I think. And as we look at how things
[07:04.720 --> 07:10.320]  are changing, you and I have talked for a long time about the warning about paper gold and paper
[07:10.320 --> 07:14.160]  silver. We don't know if that stuff is for real either. We don't know if they've really got the
[07:14.160 --> 07:18.800]  gold or silver that's there. And when push comes to shove, we may find out that they don't have it,
[07:18.800 --> 07:25.920]  in which case the shares that you got in those companies off the Shanghai Gold Exchange just
[07:25.920 --> 07:33.600]  plummet if confidence disappears. You are not buying a tenth of an ounce of gold or silver.
[07:33.600 --> 07:38.240]  What you're buying is shares in a company that promises that they're going to be accumulating
[07:38.240 --> 07:44.080]  gold and silver. So physical possession, whether you're talking about the so-called stable coins,
[07:44.080 --> 07:49.840]  which are not stable and they're not coins. They're the way that they can freeze and seize
[07:49.840 --> 07:56.320]  anything that you've got by design. That was something that was in the genius act that Trump
[07:56.320 --> 08:00.800]  put through there. So whether you're talking about that or you're talking about paper gold or silver
[08:00.800 --> 08:06.800]  or any kind of tokenized derivative schemes that are coming out of Wall Street, be very careful
[08:06.800 --> 08:12.160]  about that. And the approach that you want to take is with physical gold and physical silver.
[08:12.160 --> 08:18.480]  That's why what you do, Tony, is so important. Well, I agree with that wholeheartedly. I think
[08:19.760 --> 08:25.120]  term is counterparty risk. And that used to be a lot more acceptable. And it's funny because
[08:25.120 --> 08:28.560]  the institutions are going first. I always thought it would be the other way around. I
[08:28.560 --> 08:33.920]  thought that the people would start to lose faith in the system and rebel against it from the bottom
[08:33.920 --> 08:38.320]  up. And some of that is happening. I mean, I think it's more widespread than it's ever been in my
[08:38.320 --> 08:44.640]  lifetime, especially since 1971, that people are skeptical of the monetary system. But this has
[08:44.640 --> 08:51.360]  started governmentally across the across the world. It's an international phenomenon of
[08:51.360 --> 08:58.800]  mistrust and reallocation of funds and resources. And we covered this a few months ago, David,
[08:58.800 --> 09:06.240]  I thought it was big news that they have the storage for gold, physical gold, not only in
[09:06.240 --> 09:12.400]  Shanghai, that they're starting new storage facilities and moving the exchange there. I
[09:12.400 --> 09:19.520]  know JP Morgan is taking their gold desk there, but also in Hong Kong. I thought that was big news.
[09:19.520 --> 09:23.840]  And they're building, you know, massive storage facilities just outside the airport for physical
[09:23.840 --> 09:29.040]  storage. So it's not, you know, the firms that used to control so much of the paper market.
[09:29.040 --> 09:33.120]  And that was just seen, hey, if you wanted a hand in, you know, or do something in gold or
[09:33.120 --> 09:37.520]  silver, and as far as following the price or the spot, this is what you would get into.
[09:38.080 --> 09:41.360]  You know, there's not a lot of risk here. You can just, you don't have to hold the gold or
[09:41.360 --> 09:46.000]  store it anywhere. You just buy in its spot and you can cash out. Of course, they never pay you
[09:46.000 --> 09:50.480]  in gold or silver through any of those funds. They would pay you in fiat if you cashed out,
[09:50.480 --> 09:55.760]  because it's just priced against the spot, whatever those metals were. And of course,
[09:55.760 --> 10:00.240]  there's storage is expensive, all the rest. I think I started to see a trend
[10:01.200 --> 10:06.880]  about three years ago, especially after the sanctions on Russia backfire, there's a big
[10:06.880 --> 10:11.920]  blowback that happened with the ruble rebounding. And they started doing those cross border payments
[10:11.920 --> 10:17.040]  with not only gold, but petroleum and other things and direct trades with China and India.
[10:17.040 --> 10:21.520]  And I started thinking, this is going to be interesting as the de-dollarization continues.
[10:21.520 --> 10:27.360]  I started watching these big trades going on that were multinational corporations and
[10:27.440 --> 10:32.560]  governments starting to pull more gold into the system physically and then move it around.
[10:32.560 --> 10:37.280]  The repatriation of gold, I thought it was a big story that didn't get covered the way it should.
[10:37.280 --> 10:41.760]  A lot of these countries- Yeah, there's been a lot of talk about that from Germany this last week.
[10:43.040 --> 10:46.960]  It's not the majority position there yet, but you've had a lot of people from
[10:46.960 --> 10:50.160]  several different parties because they have more than two parties there,
[10:50.160 --> 10:55.200]  just as they do in most places other than the US. But anyway, a lot of politicians that they're
[10:55.200 --> 11:00.000]  saying, we got to get it back, we can't trust the Federal Reserve. And so if that's their position,
[11:00.000 --> 11:02.880]  they can't trust the Federal Reserve. And I don't trust the Federal Reserve either, but
[11:03.600 --> 11:09.120]  I don't think they're going to disappear Germany's gold. But if that's their position,
[11:09.120 --> 11:14.800]  if Germany is worried about the Federal Reserve's vaults in terms of holding gold,
[11:14.800 --> 11:19.360]  maybe you ought to think twice about putting your money into paper gold and paper silver,
[11:19.360 --> 11:24.080]  hoping that the Chinese have got the actual stuff to back up what they're selling you
[11:24.080 --> 11:27.920]  in their vaults in Shanghai. You might get shanghaied with all this stuff, right?
[11:29.200 --> 11:34.480]  I think it's inevitable. There's going to be a cascading series of events, I believe, that will
[11:34.480 --> 11:43.680]  further expose the lack of accountability here. In the next 12 months, I think something's going
[11:43.680 --> 11:50.080]  to break because these prices expose it. If everything's chopping sideways or silver's
[11:50.080 --> 11:59.840]  boring the way it's been my entire life. From 1980, it hit this peak at 52. It took 45 years
[11:59.840 --> 12:04.480]  for it to break that. And then once it broke it, it just off to the races. You got to remember,
[12:04.480 --> 12:12.480]  we had these periods like 2011, where silver got close to 50, or trading at 50, and then fell back
[12:12.480 --> 12:17.680]  down because the Fed was able to step in and calm things down. Ben Bernanke was the key figure
[12:17.680 --> 12:21.600]  there. He's like, this isn't going to happen again. We're not going to do more TARP funds.
[12:21.600 --> 12:26.560]  We're not going to do massive QE or bail out things. And it calmed the markets down. Those
[12:26.560 --> 12:34.800]  days are never coming back. All those years of being boring, all of those paper trades that were
[12:34.800 --> 12:40.640]  going on, and active suppression, David. I've seen it in real time in my business. I've seen the
[12:40.640 --> 12:45.200]  suppression through Wall Street, and they can't do it anymore. I just don't think they have the
[12:45.200 --> 12:51.840]  resources or the ability to cover the spread or do anything on selling off major. So I think the
[12:51.840 --> 12:57.360]  race is on for the reprising. So it was boring. And now we're living in interesting times.
[12:57.360 --> 13:02.320]  That's right. It was very boring. It's kind of interesting. This quote on Kitco, the headline,
[13:02.320 --> 13:08.320]  Powell dismisses Gold's rally above 5,300. He says the Fed is not losing credibility.
[13:08.320 --> 13:13.760]  That's his Black Dad Bob moment.
[13:13.760 --> 13:20.080]  Well, imagine the quote unquote credibility when Trump takes it over. And he is the entire Fed,
[13:20.080 --> 13:24.080]  and he's going to tell everybody what to do. That's when you're going to see credibility
[13:24.080 --> 13:29.680]  flushed out the toilet right there. But when you're talking about interesting times and the
[13:29.680 --> 13:33.840]  radical changes, we've got a comment here from North American House Depot. He says,
[13:33.920 --> 13:39.520]  Mike Shudlot said a couple of years ago that if gold ever hit 10,000 and silver was hundreds of
[13:39.520 --> 13:44.400]  dollars, he said it would never happen. But if it did, you wouldn't want to leave your house.
[13:46.000 --> 13:47.520]  What's your comment about that, Tony?
[13:48.880 --> 13:54.720]  Well, I think you'd need a little bit higher number. Would we blink right now if gold went
[13:54.720 --> 14:01.600]  to 6,000? The rest of the populace, I mean, obviously we're in a unique niche space of
[14:01.600 --> 14:05.280]  people paying attention, but we're talking about this. The vast majority of people don't
[14:05.280 --> 14:12.240]  really know the historical context of, oh, silver's at $118 an ounce or whatever it is today.
[14:12.880 --> 14:18.720]  How insane that is given our timeline. So I think a lot of things have to catch up. I mean,
[14:18.720 --> 14:25.120]  gold could go to 10,000 in the next year. Would it break the system? Probably not.
[14:25.840 --> 14:31.840]  There's a long way to go in the repricing of all this. And what does that even mean?
[14:33.680 --> 14:39.840]  For you to price things in dollars anymore, do we really know the true extent of the devaluation
[14:39.840 --> 14:45.280]  that's gone on? Are we just so psychologically programmed to give these things value that we
[14:45.280 --> 14:50.560]  continue to do that? And I think that metric is, that's what's being worked out right now. We're
[14:50.560 --> 14:57.200]  in undiscovered country. We're a new pricing territory. This never happened before because
[14:57.200 --> 15:02.960]  we've never had, I mean, nothing can go back in history. You can't really historically overlay
[15:02.960 --> 15:08.480]  what we've done in the last 50 plus years with our currency. It's never truly gone on or gotten
[15:08.480 --> 15:15.120]  that big. We never had a fiat currency that was worldwide in everything and then being
[15:16.080 --> 15:22.160]  de-dollarized rapidly. So we've never seen that before. So I don't know what pricing strategy.
[15:22.160 --> 15:29.520]  I would say if silver, like some of these yahoos on, I see that to see a lot of these
[15:30.240 --> 15:34.320]  commentators, people that want to get clicks and they'll put on $5,000 silver,
[15:35.120 --> 15:40.560]  whatever. I see those people all the time. If you're that amount, maybe you can't go outside.
[15:40.640 --> 15:47.840]  At a certain level, it doesn't matter. At a certain level that repricing in dollars is
[15:49.360 --> 15:55.360]  kind of absurd. And when you look at the global debt, I mean, that's the point that
[15:57.120 --> 16:02.240]  Ray Dalio was making at Davos. He said, maybe we're not looking at de-dollarization, but we're
[16:02.240 --> 16:09.120]  looking at de-fiatization. And he sees that as something that is certainly would de-dollarize
[16:09.120 --> 16:12.560]  things, but it'd be much broader than that because it would include all these other
[16:12.560 --> 16:17.760]  fiat currencies like the Euro and all these other national currencies that are out there.
[16:17.760 --> 16:22.000]  When you look at the massive amount of debt that is there and how it just keeps expanding with all
[16:22.000 --> 16:27.680]  that. Got another comment here from Steve Epps. He said, can you sell metals? Is it all buy and
[16:27.680 --> 16:34.480]  hold? He says, I'm holding. Ask Tony if he isn't buying silver. Help Impact News thinks that many
[16:34.480 --> 16:40.800]  people aren't buying or many gold and silver dealers aren't buying. Yeah, I know why they're
[16:40.800 --> 16:45.520]  not, but we're still buying. A matter of fact, as soon as we're done with the broadcast, I'm going
[16:45.520 --> 16:52.000]  to send out prices, but I'm still buying. And I have to balance between the percentages that I'll
[16:52.000 --> 16:59.440]  buy back for and my risk and also being professional and making sure people get a good deal. It's a
[16:59.440 --> 17:04.800]  tough, it's a balancing act at this point. Well, like I said last week before we saw this explosion
[17:04.800 --> 17:10.160]  this week in the price of metals, I don't know how you'd do it. I mean, you're already operating
[17:10.160 --> 17:16.640]  in a hyperinflation economy. The type of thing we've always talked about in Argentina or Nazi
[17:16.640 --> 17:22.720]  Germany or whatever, pre-Nazi Germany, where the price of the commodity is jumping massive amounts
[17:23.360 --> 17:27.360]  during the day each day. How do you operate in something like that? I don't know.
[17:27.920 --> 17:34.080]  Every, yeah, I have a shop in Missouri and I have a shop in Texas. And look, my son's here in Texas
[17:34.080 --> 17:39.360]  with me and I'm broadcasting out of my, we're iced in, we've been up close for days by the way,
[17:39.360 --> 17:43.360]  which has given us a little bit of breathing room. And Branson, yesterday when I reopened,
[17:43.360 --> 17:48.080]  I said, look, let's just pack wolf pack packages. We can still sell, but we're not going to buy.
[17:48.080 --> 17:54.320]  And that was the only time in the history of my shop. You know what? It sucks to be bored,
[17:54.320 --> 18:00.560]  but when I get on my phone and play real casino games on spinquest.com, the time flies by. That
[18:00.560 --> 18:06.160]  two hour wait at the DMV seems like 10 minutes. Play your favorite slots, live blackjack, live
[18:06.160 --> 18:13.280]  preps with a live dealer. New players, $30 coin packs are on sale for 10 bucks. Play spinquest.com
[18:13.280 --> 18:18.640]  and you'll never be bored again. Spinquest is a free to play social casino. Void where prohibited.
[18:18.640 --> 18:26.560]  Visit spinquest.com for more details. Multiply, multiply, multiply, multiply.
[18:26.560 --> 18:32.240]  With X the cash scratch tickets from the Texas lottery, you could multiply the cash by 30,
[18:32.240 --> 18:38.800]  50, 100, or even 200 times. And when you multiply the cash, you multiply the celebration with top
[18:38.800 --> 18:44.240]  prizes from 60,000 up to a million dollars. It's the easiest way to multiply your luck and enter
[18:44.240 --> 18:49.200]  for a chance to win a VIP iHeart experience. Play X the cash scratch tickets today.
[18:49.200 --> 18:54.320]  Must be 18 or older. Play responsibly. Or since Wise Wolf, who I just gave a blanket order,
[18:54.320 --> 18:58.480]  we're not going to buy anything. And because it, my people needed to work, they've been
[18:58.480 --> 19:06.320]  snowed in for days. So today we're going to be buying again. And you know, the difficulty
[19:06.320 --> 19:11.280]  is you have to look at every single thing that you buy or every, every docket of things. I have
[19:11.280 --> 19:15.520]  to figure out where I'm going to source and where I'm going to sell it. A lot of times this gets,
[19:15.520 --> 19:20.480]  thank goodness I've been able to pass on stuff like that to Wolfpack people. Any of the Wolfpack
[19:20.480 --> 19:23.760]  members have been getting, like if you do constitutional, well, if you're getting stuff
[19:23.760 --> 19:31.120]  at melt. So like I can still, I can still buy 90% US silver, which most dealers and then refiners
[19:31.120 --> 19:36.960]  aren't buying. I really have no, except for one place, but it takes three weeks to get paid
[19:36.960 --> 19:43.040]  anywhere to take 90% silver. But that doesn't mean that 90% is not a good long-term hold.
[19:43.040 --> 19:47.360]  As a matter of fact, I think it's one of the best upside things you can be doing right now.
[19:47.360 --> 19:52.800]  And people I think are confusing. They're like, well, I held this silver all this time. Why can't
[19:52.800 --> 19:59.760]  I sell now? Well, you're talking about a bottleneck system where, you know, countless people are trying
[19:59.760 --> 20:05.600]  to do the same thing that you did. You need to just let it calm itself out. And then prices for
[20:05.760 --> 20:11.520]  percentages that we're buying will rise again. But this market is, you know, there's nowhere for me
[20:11.520 --> 20:18.320]  to sell sterling silver. Does that mean sterling silver, like flatware and knives and jewelry and
[20:18.320 --> 20:23.280]  things? Does that mean that is not worth anything? Of course not. It just means that the refiners are
[20:23.280 --> 20:28.960]  overloaded. Dealers are overloaded. There's no liquidity right now, but if you give it enough
[20:28.960 --> 20:38.320]  time, it will just sort itself out. The rush to sell, if I'm somebody that's held silver a long
[20:38.320 --> 20:44.560]  time, you've got a few options, but honestly, I'd want to see where the price goes and let things
[20:45.680 --> 20:52.560]  settle out because I think that they will, David. We talked about this report and I saw somebody
[20:52.560 --> 20:57.360]  send it to me and I watched it. It was at a gold and silver show. You know, they set these things
[20:57.360 --> 21:02.560]  up like gun shows and it's kind of a retail thing. You've got a lot of retail sellers who are there
[21:02.560 --> 21:06.240]  and then you have people come in, just like they do at a gun show, and they're going to buy
[21:06.240 --> 21:10.000]  gold and silver and things like that. And this guy went around talking to all the different
[21:10.000 --> 21:14.000]  dealers and he said, so what's going on? They said, well, nobody's buying silver. Everybody
[21:14.000 --> 21:21.280]  wants to sell silver. And that was last summer. Everybody wanted to sell it. And they said, yeah,
[21:21.280 --> 21:26.400]  the institutions can't get enough of it, but the retail trade doesn't want to buy any of it.
[21:26.880 --> 21:32.480]  And they're also feeling economic pressure in terms of, yeah, I need the money right now. So,
[21:32.480 --> 21:35.360]  you know, it was kind of an interesting thing, especially when you look at this.
[21:36.480 --> 21:42.480]  Some of these people, if these dealers said, I can't buy any more right now, whatever,
[21:42.480 --> 21:46.560]  they're probably regretting that. And the people who sold it last summer are probably regretting
[21:46.560 --> 21:51.760]  it as well. It's amazing because that was just before it took off like a rocket.
[21:52.320 --> 21:57.600]  And people thought that 60 was the top and 70 was the top. And I kept saying, I don't,
[21:57.600 --> 22:01.360]  you know, look, I can take your stuff. I don't think this is the top. People would always ask
[22:01.360 --> 22:07.440]  me that. And, you know, it is part of how I stay in business is buying products. When I stop buying,
[22:07.440 --> 22:12.640]  it really is, there's something fundamentally wrong with the system. If I give that, you know,
[22:12.640 --> 22:17.120]  if I give that order to my shops to stop buying across the board, there's something,
[22:17.200 --> 22:24.000]  there's something terribly wrong. But I do think that, you know, if you look at who's buying,
[22:24.000 --> 22:29.280]  that's the tell. And we do get, and we still have customers, but I get people that send me stuff,
[22:29.280 --> 22:33.520]  David, all the time. And they're like, is this how your shop is? And they'll send me some YouTube
[22:33.520 --> 22:38.000]  video of some dealer somewhere going, people are lined up around the block and they're buying all
[22:38.000 --> 22:43.200]  the silver I have. And I'm like, that's not my experience in two different states or the phone.
[22:43.280 --> 22:47.360]  Like that's not, that's not how, you know, and I, and my phone rings constantly. I have
[22:47.360 --> 22:50.720]  a full-time person just answering the phone. We try to get to every call.
[22:50.720 --> 22:53.040]  That guy's other business is Oriental rugs, I guess.
[22:54.160 --> 22:58.480]  It's funny. I really, I, and I go, people are always asking me like, oh, I guess you're,
[22:58.480 --> 23:04.800]  you're selling a lot of silver. No. And we can move a lot of it. The key factor I think here is that
[23:05.840 --> 23:09.840]  when we're, what's helped us is the dollar cost averaging people over at Wolfpack done a great
[23:09.840 --> 23:14.080]  job with this. If you just let it sit there, we're going to continue to whatever the
[23:14.080 --> 23:17.840]  price is that week. That's right. We just fill that order. I mean, I think
[23:19.120 --> 23:24.000]  just look at it as a slow accumulation. As you pointed out, you're averaging this out over time.
[23:24.640 --> 23:28.320]  You don't have to sweat it that you're buying in at one point in time. And maybe I got in at the
[23:28.320 --> 23:32.560]  wrong time or something like that. You mentioned constitutional Wolf. You said getting people,
[23:32.560 --> 23:37.440]  people getting that at melt. What level is that on a monthly? It's its own level. It's,
[23:37.440 --> 23:44.080]  it's either 250 or 500 and you can do one time or you can put it on accumulation. And those
[23:44.080 --> 23:47.680]  actually get, you can collectibles in there. Cause I don't have time to sort through that,
[23:47.680 --> 23:52.480]  but you get collectibles, you get silver dollars. And when I was saying earlier, I was on the phone
[23:52.480 --> 23:56.800]  with, and it's funny because we, we've never, we've never been in this situation before. These
[23:56.800 --> 24:04.320]  prices are so high that I have to reevaluate how I even look at my own packages. Like, okay, this,
[24:04.320 --> 24:08.320]  I used to think, okay, we'll put XX and then I can't, you know, I remember
[24:08.320 --> 24:14.080]  saving some shipping costs there, right? Well, you know, it doesn't, yeah, it's, it's a much
[24:14.080 --> 24:18.320]  lighter package. I have to figure out too. I'm like, you can't just send people one thing,
[24:18.320 --> 24:21.920]  you know, like I'd try to give some variety, but it's harder and harder. You know, if you look at
[24:21.920 --> 24:27.200]  a, you know, walking Liberty or Franklin or Kennedy half dollar, I mean, David, that's like
[24:27.200 --> 24:32.240]  $40 of melt right now. Like that just, just that half dollar. We used to be able to put that in,
[24:32.240 --> 24:38.800]  into a lone wolf and it's over $40 in melt, um, just for the haves. And so I,
[24:38.800 --> 24:45.120]  I put a silver dollar yesterday in the warrior wolves, which was like 125. And I think we can
[24:45.120 --> 24:50.400]  squeeze out a gold back on top of it. It's, it's just insane. And so it's, it's harder and harder
[24:50.400 --> 24:57.040]  to do what we do. And then, um, you know, finding quality variety to put in the packs. And that's
[24:57.040 --> 25:02.160]  just because of the price. I got a question for you from somebody left on X, uh, for you.
[25:02.240 --> 25:09.440]  Yesterday is from somebody I count called non identity. They said, uh, uh, when the U S dollar
[25:09.440 --> 25:14.160]  collapses, what happens to the money in people's bank accounts? Like Elon Musk, who says, we're
[25:14.160 --> 25:19.200]  not going to have any money. It's like, so why are you so hell bent on accumulating a trillion
[25:19.200 --> 25:23.600]  dollar net worth, but what happens to his money when it, when the dollar becomes worthless?
[25:24.240 --> 25:29.680]  Everything is valued in dollars. Yeah. Yeah. That's a really interesting question. And that kind of,
[25:29.760 --> 25:36.400]  that kind of presupposes that they will still hold dollars in the last days of the, like in the,
[25:36.400 --> 25:41.440]  in the final act of whatever the dollar's role is right now. And I don't think the dollar is going
[25:41.440 --> 25:46.320]  to ultimately collapse, collapse like overnight. I don't think it'll have something like that.
[25:46.320 --> 25:52.720]  I think it'll be a, a decline that gives people some time to exit those people with the golden
[25:52.720 --> 25:58.640]  parachutes. And you've got to remember too that. It's bretsky. I don't know how they let me on this
[25:58.640 --> 26:03.440]  podcast, but while I'm here, I might as well tell you the only place to play blackjack roulette
[26:03.440 --> 26:11.760]  and live craps in Texas is spinquest.com baby. That's S P I N Q U E S T.com. New users get a
[26:11.760 --> 26:18.320]  $30 coin package for only $10. I mean, that's a hell of a deal for all you 10 gallon hatwares
[26:18.320 --> 26:24.800]  down there in Texas. Spin Quest is a free to play social casino. Voidware prohibited. Visit
[26:24.800 --> 26:33.280]  spinquest.com for more details. Multiply, multiply, multiply, multiply the cash scratch
[26:33.280 --> 26:40.720]  tickets from the Texas lottery. You could multiply the cash by 30, 50, 100, or even 200 times. And
[26:40.720 --> 26:46.000]  when you multiply the cash, you multiply the celebration with top prizes from 60,000 up to a
[26:46.000 --> 26:51.120]  million dollars. It's the easiest way to multiply your luck and enter for a chance to win a VIP
[26:51.120 --> 26:56.800]  iHeart experience. Play X the cash scratch tickets today. Must be 18 or older. Play responsibly.
[26:57.840 --> 27:01.600]  They have to play a certain game. They have to hold a certain amount in dollars. I believe
[27:01.600 --> 27:08.960]  this is the way that I think their ticket, their acceptance at the table of whatever billionaires
[27:08.960 --> 27:14.240]  do. I think they have to hold a certain amount of dollars in the system. So I think it probably
[27:14.240 --> 27:19.760]  would be an exit right beforehand. Like if you want to look closely, see where do these billionaires
[27:19.760 --> 27:26.160]  and others are going up in this timeline to see where you should go. And I think they'll be
[27:26.160 --> 27:32.080]  placing more into physical assets along in the next two to three years, see massive flows out
[27:32.080 --> 27:36.880]  of the dollar and into, it could be even real estate or other things, but it'll be commodities
[27:37.600 --> 27:44.160]  and something that's even, it may be even to a gold back stable coin, stuff like that.
[27:44.160 --> 27:49.360]  Yeah, because it's like the dilemma that the central banks have, right? They don't like holding
[27:49.360 --> 27:54.080]  the dollar, but they can't just dump it all at once or they make their own holdings worthless.
[27:54.080 --> 27:59.840]  And so it has to be a gradual process to get out of that as well. And I got some more questions
[27:59.840 --> 28:06.720]  here for you. This is from Moulton Milankovic says, should we think about platinum? It seems low.
[28:06.720 --> 28:13.920]  It used to be on par with gold. Yeah, platinum really surprised me. I hadn't paid attention to
[28:13.920 --> 28:18.720]  it in a while. I mean, I own some platinum and my shop has inventory of platinum just because we
[28:18.720 --> 28:25.360]  bought it from people and just held it. But for the longest time, I would always do the platinum
[28:25.360 --> 28:29.600]  spot price. I'm like, oh, here it's eight, 900, eight, 900. It would always be there like in the
[28:29.600 --> 28:34.400]  eight, nine to a hundred to a thousand range. And then one day I looked up and it's 2000 and it's
[28:34.400 --> 28:38.800]  more, I'm like, whoa, whoa, whoa. It just really surprised me. And I said, is that right? And I'd
[28:38.800 --> 28:47.280]  go back through and recalculate. Yeah, platinum is a good play. I don't do enough of it. I hold
[28:47.280 --> 28:51.520]  some of it just because I mean, long-term any of you got to remember any of these metals,
[28:51.520 --> 28:55.680]  if you can physically hold them and buy them at a good price and you're not just paying some
[28:55.680 --> 29:00.960]  collectible fee or some nonsense, if you can get in there and just hold them long-term,
[29:00.960 --> 29:05.120]  you're going to make out. Okay. Yeah. I mean, it's real. It's going to happen. It's real. And
[29:05.120 --> 29:08.480]  people need to make things out of it. I think platinum, they need that for these catalytic
[29:08.480 --> 29:12.160]  converters. And although I'd be the first to say, you don't need a catalytic converter,
[29:12.160 --> 29:18.640]  you actually have to have them in these cars. And so as a matter of fact, when I cut mine off,
[29:19.920 --> 29:24.400]  took it to a shop and I was able to sell it because of the platinum that was in it. So
[29:25.280 --> 29:31.040]  yeah, there's that. Gard Goldsmith, Liberty Conspiracy says, could Tony discuss the change
[29:31.680 --> 29:36.160]  in importance of the collectible quality of a gold or silver coin
[29:36.160 --> 29:39.760]  versus the metal content during rough economic times?
[29:42.880 --> 29:49.440]  I love collectible historic coins. It's part of the interest of why I like the business that I'm
[29:49.440 --> 29:56.400]  in. But you have to be, it's like real estate. And it's like, I see a lot of interesting coins,
[29:56.400 --> 30:02.800]  even non-gold and silver coins. And I've bought coins from the Roman empire at my shops and very,
[30:02.800 --> 30:08.640]  very old coins, you know, the Spanish silver dollars, the pieces of eight and things like
[30:08.640 --> 30:14.880]  that, pirate money. I literally bought, you know, pirate money over the years. But you have to
[30:14.880 --> 30:21.680]  remember, it's just like anything else. Something is worth what somebody will pay for it. So if
[30:21.680 --> 30:28.560]  you're interested in historic coins or something like that, just make sure you're not going too
[30:28.560 --> 30:34.480]  far into the blue sky of, of, you know, ethereal worth, you know, I have people call me all the
[30:34.560 --> 30:39.280]  time and say, I looked it up online and this quarter's worth $10,000. I'm like, well, maybe
[30:39.280 --> 30:46.720]  it is if you could sell it. I mean, I just, you know, that's a, it's a very small pool of people
[30:46.720 --> 30:51.440]  that do collectibles. And you got to know who those people are. And I've been in business for,
[30:51.440 --> 30:57.760]  for 10 years and I don't know many people. And so I did, and I haven't been asked, you know,
[30:57.760 --> 31:04.640]  no one calls our phone and says, Hey, I'm really looking for this, you know, 1879 gold coin. And
[31:04.640 --> 31:09.920]  it's, you know, it's a Carson city or whatever. And I want to pay, nobody really does that. It
[31:09.920 --> 31:15.360]  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
[31:15.360 --> 31:22.080]  the pre 1933 gold. If you know the right people that you're not paying too much. That's always a
[31:22.080 --> 31:28.800]  good American pre 1933 gold is always a good play. I like the $5, $10 and two and a half dollar
[31:28.800 --> 31:35.520]  Indians too. And those are just a really iconic looking and, and beautiful coins. And right now
[31:35.520 --> 31:41.440]  you can still get them for closer to the, to the melt price, which is insane right now.
[31:41.440 --> 31:47.680]  Well, it's kind of like, I guess the, the comic book thing. I had a lot of, I guess I learned how
[31:47.680 --> 31:53.920]  to read reading comic books as how my, my mom would keep me busy before I started school.
[31:53.920 --> 31:59.360]  And so I've got a lot of really old comic books and some of them are supposed to be pretty valuable,
[31:59.360 --> 32:03.520]  but you got to find somebody who's going to pay that for it. Right. That's the real issue. That's
[32:03.520 --> 32:07.680]  any kind of collectible, you know, whether you're talking about, and you got to get it graded. So
[32:07.680 --> 32:13.360]  somebody independent party has certified, you know, what this thing is and condition it's in. And so
[32:13.360 --> 32:18.640]  you always get into that with a collectibles. And I guess my bigger question would be
[32:18.640 --> 32:23.840]  if society breaks down, how do you, how do you evaluate the purity of gold? If you're not a
[32:23.840 --> 32:28.240]  dealer, right? You know, when somebody gives you a piece of gold, you got the capability to do that.
[32:28.240 --> 32:34.640]  But how does ordinary person evaluate that this isn't a slug that is coded in something, if you're
[32:34.640 --> 32:42.560]  trying to exchange with somebody else, right? Well, I would, you can cheaply get a coin book,
[32:42.800 --> 32:50.320]  off Amazon, that'd be a great place to start. Just a 2026 guide to US coins. That's a good place
[32:50.320 --> 32:58.960]  because you can look, especially if it's not bullion, you know, you can see how much it weighs,
[32:58.960 --> 33:02.560]  what it would be worth in that climate. And then, you know, a few things that you,
[33:02.560 --> 33:07.360]  you could get a rare earth magnet for a few dollars and that's easy, like a little rectangle,
[33:07.360 --> 33:11.680]  we'll get a rare earth magnet, make sure it doesn't pull the magnet. That's one way to do it.
[33:11.680 --> 33:16.160]  And then weighing it. Weight is really important. It's like the diameter and the weight. Now,
[33:16.160 --> 33:23.280]  they have some really good fakes now. And if I was, if this was a, you know, a post dollar system
[33:23.280 --> 33:28.720]  and I was bothering, I'd make sure that I stayed in small denominations and I wouldn't take a one
[33:28.720 --> 33:33.680]  ounce gold unless I could verify it myself, you know, unless there was some verification process.
[33:33.680 --> 33:36.000]  But if you stuck to the smaller stuff,
[33:40.640 --> 33:44.240]  that's why I think that. Okay. Sorry. Your audio cut out there for a moment. Oh, did it? I'm sorry
[33:44.240 --> 33:48.400]  about that. You were saying if you stick to the smaller stuff, you're okay in terms of. Smaller
[33:48.400 --> 33:54.560]  stuff would be much better. And I do believe too that the, that's where the pre 1965 US silver
[33:54.560 --> 34:00.240]  become very valuable because it's hard. I mean, those, there's very few fakes of those. They do
[34:00.240 --> 34:06.080]  fake them, but, but you can generally tell in about the weight and, and the, the patina and
[34:06.080 --> 34:12.000]  like the look of them. So that's where that would come in and really handy to have a good stock of
[34:12.000 --> 34:17.040]  pre 1965 silver. That's really important to know. Yeah. I'm looking at this article here,
[34:17.040 --> 34:23.200]  Mike every of Robbo bank is saying exactly the opposite of Jerome Paley says the gold move is
[34:23.200 --> 34:28.560]  a vote of no confidence in the entire global financial architecture. Yeah. It's, it's much
[34:28.560 --> 34:34.640]  bigger than just the federal reserve. The Ray Dalio said the same thing. It is a global situation
[34:34.640 --> 34:40.480]  and nothing is changing about any of that. And it's, it's only going to get worse and it's going
[34:40.480 --> 34:45.040]  to get worse at an increasing rate. I think that we're going to see Tony. So yeah, it's very
[34:45.040 --> 34:48.960]  important for people to understand that anything else you want to tell us about what's happening
[34:48.960 --> 34:56.640]  at wise Wolf gold this week, besides the snow and got snow and you got rapidly accelerating prices.
[34:56.720 --> 35:02.560]  It's a difficult environment to work in, isn't it? It was kind of a blessing to have a few days
[35:02.560 --> 35:07.440]  for my crew, especially they've been, I'm really proud of them. They've been stretched to their
[35:07.440 --> 35:12.560]  limits, you know, trying to balance stuff and, and, and do packing and all the rest. So we're
[35:12.560 --> 35:19.280]  going to dip our toe back into the water officially today. We'll see how, how things go, but just
[35:19.280 --> 35:23.760]  keeping the doors open. I think this, you know, we've got wonderful customers and we appreciate
[35:23.760 --> 35:28.880]  your audience. And, you know, it's, it's going to, it's going to balance out, I think,
[35:28.880 --> 35:33.200]  and hold for a little while very soon. It'll be some sort of profit taking and other things,
[35:33.200 --> 35:42.000]  but I don't, I think we're in a, in a territory where patients will serve you well. Making any
[35:42.000 --> 35:47.680]  sort of, I think, you know, big moves right now, as far as selling or anything, I think if you can
[35:47.680 --> 35:53.040]  hold, if you can afford it, I would, you know, because it's not just, that's what we've been
[35:53.040 --> 35:56.960]  telling people for the longest time. It's not just one thing, right? If it's just one thing,
[35:56.960 --> 36:00.960]  that one thing could change very quickly, but it's a whole constellation of multiple things
[36:00.960 --> 36:06.560]  that are coming together all at once and creating this perfect storm for the monetary system. And
[36:06.560 --> 36:11.680]  it is the time that we live in, no doubt about it. Well, it's always a pleasure talking to you, Tony.
[36:11.680 --> 36:16.560]  And I know the people who have done business with you are very happy at this point that they've done
[36:16.560 --> 36:24.400]  business with you. And again, you know, have a, have a portion of your wealth that's going to be
[36:24.400 --> 36:31.200]  in diversified and something that has been stable. And it's not that, that gold is getting unstable
[36:31.200 --> 36:35.520]  or silver is getting unstable when we see the prices changing. That is really, as we've pointed
[36:35.520 --> 36:41.200]  out, that's a reflection of what you're pricing gold and silver in being unstable, whether it's
[36:41.200 --> 36:45.920]  the U.S. dollar or some other currency. And so what we're looking at here, when we see these
[36:46.560 --> 36:51.920]  dollar values changing so rapidly, you know, it's kind of like a hyperinflation where you
[36:51.920 --> 36:57.120]  got a loaf of bread and all of a sudden, you know, you're going to have a lot more simoleons to get
[36:57.120 --> 37:03.280]  that bread. I mean, the bread is appreciating in value like that, but it's, it's that the currency
[37:03.280 --> 37:07.680]  is going down and that's really what we're seeing here. A lot of different things coming together.
[37:07.760 --> 37:14.000]  And again, I only see it getting worse once it gets old to the federal reserve. He is an agent
[37:14.000 --> 37:19.600]  of chaos and people are going to be scared to death about what he's going to do, whether he
[37:19.600 --> 37:24.240]  does anything or not with it, but I expect him to do something with it. So we'll see.
[37:24.240 --> 37:28.240]  I do too. I think that's a, I think it's a foregone conclusion. And I think the market's
[37:28.240 --> 37:33.040]  already starting to somewhat price that in. Well, it's always great talking to you. Thank
[37:33.040 --> 37:37.680]  you so much, Tony. And again, you can go to davidknight.gold and that'll take you to Tony
[37:38.240 --> 37:43.120]  at a Weiswolf Gold and let him know that you came through us. Thank you, Tony. Great to talk to you.
[37:43.120 --> 37:49.120]  Thank you, David.
[38:03.040 --> 38:10.560]  Control us their commons project to make sure the commoners own nothing and the communist future.
[38:12.080 --> 38:15.760]  They see the common man as simple, unsophisticated, ordinary,
[38:16.720 --> 38:21.200]  but each of us has worth and dignity created in the image of God.
[38:23.440 --> 38:27.040]  That is what we have in common. That is what they want to take away.
[38:27.840 --> 38:33.920]  Their most powerful weapons are isolation, deception, intimidation. They desire to know
[38:33.920 --> 38:41.040]  everything about us while they hide everything from us. It's time to turn that around and expose
[38:41.040 --> 38:45.920]  what they want to hide. Please share the information and links you'll find
[38:45.920 --> 38:50.240]  at thedavidknightshow.com. Thank you for listening. Thank you for sharing.
[38:50.240 --> 39:05.440]  If you can't support us financially, please keep us in your prayers. thedavidknightshow.com.
[39:20.880 --> 39:26.240]  You know what? It sucks to be bored. But when I get on my phone and play real casino games on
[39:26.240 --> 39:32.800]  spinquest.com, the time flies by. That two-hour wait at the DMV seems like 10 minutes. Play your
[39:32.800 --> 39:39.280]  favorite slots, live blackjack, live craps with a live dealer. New players, $30 coin packs are on
[39:39.280 --> 39:45.600]  sale for 10 bucks. Play spinquest.com and you'll never be bored again. SpinQuest is a free-to-play
[39:45.600 --> 39:51.440]  social casino. Voidware prohibited. Visit spinquest.com for more details.
[40:15.600 --> 40:20.160]  Visit mycomputercareer.edu slash cwp, an elite CompTIA certification partner.
[40:20.160 --> 40:22.240]  VA education benefits are available to those who qualify.