The Wise Wolf Gold & Crypto Show
A weekly wrap up of the precious metals and Crypto currency markets as well as guests who represent the best in both sectors.
The Wise Wolf Gold & Crypto Show
INTERVIEW Crypto CEO Gets Hacked for $112 MILLION But CBDC Remains the Greatest Financial Threat
Joining us now is Tony Arderman. Tony has WiseWolf Gold to help you get gold, and silver and any small or large amount on a monthly basis as well, and he supports this program with DavidKnight Gold, which takes you to Tony's site but also lets him know that you're coming through us. So joining us now is Tony Arderman. Thank you for joining us, tony. Good to see you. It's good to see you, david.
Speaker 2:Hey, if Diogenes was around today, he'd be a David Nightluster, I'm pretty sure. Yeah, it's funny about Diogenes. I heard a story a long time ago from a friend of mine. He was my first squad leader in the Army and he became a history professor and he told me a story about Diogenes. You know he's always on the lookout for an honest man, but he wouldn't look in a mirror either. If you hold up a mirror, he turned away because he was looking for an honest man. So I always thought that was fun. A little bit of a little bit of extroesophical history there.
Speaker 1:That's good. We all need to be aware of our faults, don't we?
Speaker 1:And that man in America can be very, very accusing, can he, if we really are honest about it. You know, maybe Russell Brand will get there, maybe he's starting to get to that point. But I'm not so sure about Tucker. He's got even more concerned about it. I'm not sure that he's looking for any honest people. He's looking for famous people and sometimes it's good to be infamous if you want to build an audience. But let's talk about what's going on with Gold. I mentioned earlier that there's even more states that are talking about getting rid of sales taxes as well as income taxes on precious metals. They mentioned the four states. They mentioned Kentucky and Wisconsin getting rid of state sales tax if you buy gold and silver. Georgia and Kansas would take it off of income tax if you're buying gold or silver or getting rid of it, that type of thing. Of course other states like Tennessee. We don't have an income tax, so Tennessee has already taken it off of sales tax. How many different states are there that don't tax gold and silver precious metals?
Speaker 2:I think we're coming up on a majority of the states now that don't have a sales tax on gold and silver, and there should be more and more getting added every year. One of the reasons that I have land in Northwest Arkansas, but one of the reasons I don't have my shop in Northwest Arkansas and I went across the border into Branson, missouri, is because Missouri didn't have a sales tax on gold and silver bullion and you can't be a gold and silver dealer and nobody's going to pay it. Just from a business standpoint, the states would be wise to lift those restrictions because no one's going to have that commerce going on in your state anyway. So again, this is how you know it's grassroots and from the people, because it has to do with lifting restrictions and getting rid of taxes. That's how you know it's, not coming from the top down. I think this is part of the demand from the bottom up.
Speaker 2:David, we're seeing that again people going into Walmart, going to Costco. They're selling out of gold bars. People understand instinctively there's something wrong with their currency and this is what's happening. Is this causing an effect all across the country of lifting these restrictions?
Speaker 1:Yeah, and what they're talking about is essentially all precious metals gold, silver, platinum and palladium bullion beginning in August, if these things pass. Even in Wisconsin they're talking about removing it from copper bullion. So again, this is. But when you look at gold and silver, this is not only just helping people to get something that's going to be a preservation of wealth, but it's also, I think, a necessary component for it to be used in trade as a currency. And I think that's another thing that's driving that the fear and the understanding of a lot of state legislators about how shaky the dollar is, and you know we don't want to have. If we have taxes on the exchange of gold and silver, then you can't use it as a currency.
Speaker 2:Well, I think this is the future too. Because of the loss of the purchasing power of the dollar and the loss of the dollars, the world's reserve currency, I think, is going to create a multifaceted currency selection. It's not going to just be something like the BRICS the Brazil, russia, india, china, south Africa it's not going to be something like the BRICS create the new world reserve currency. In my opinion, there's going to be a handful, maybe more, maybe a dozen different currencies used around the world and the dollar will just get supplanted that way. I think this is again. You're watching gold and silver become legal tender in more and more states. You know, internationally this is going on as well. So I think we'll see. I think we're seeing. This is a very positive trend, david, because the dollar is losing that status. People are waking up to that. It's slowly but surely, and we're going to see more and more of this on the horizon.
Speaker 1:Yeah, I agree, the Kansas bill has two bills. They explicitly reaffirm that gold and silver are legal tender. So that is a big part, as you pointed out. And as far as the taxation goes, peter Schiff says well, you know, the stuff has already been taxed. When you look at inflation, that's a tax. No, you know, double tax it, exactly, exactly, and of course that's the argument that people make.
Speaker 1:You know, with the estate tax and things like that, you know when you have, when somebody dies and the family is taxed on the value of the estate, it's especially true of homes. Now, of course, land is going to go up in value. But you look at homes after they're paid off, after 30 years or whatever, and it's supposedly worth 10 times or more of what it was when they bought it 30 years earlier. And it's now 30 years old and not brand new. So that's built into it.
Speaker 1:When you look at the valuation of, you know, family business or a farm or something like that, that dollar figure that's there. They don't adjust that for the inflation. They say well, you know that's, it's like this all happened in one year. You know it went from X to 100 times X or something like that, and so you know a lot of that, or all of it in many cases is going to be just higher value based on inflation. So that is a really unjust form of taxation and it is not about you know. Jefferson was supportive of things that would stop well from being passed on from generation to generation because he wanted people to earn it themselves. But he wasn't looking at a central bank and the kind of engineered inflation that's going to artificially inflate this stuff.
Speaker 2:Well, no, he wasn't. And Thomas Jefferson believed in tariffs. I mean, about 78% of all the revenue that the government collected for the first 120 years of its existence was from foreign imports. We taxed you at the border and if you wanted to gain interest to America's markets, you had to pay for it, which that's a taxation I agree with and I think it can be strategic. It's called economic nationalism. Pat Buchanan wrote about it a lot. I think we were better off when we had economic nationalism.
Speaker 2:Now we tax from within and you can't really own your home, can't really own your property a property tax. You have income tax, which really wasn't a part of our history until 1913. Yeah, you had the they're in the Lincoln administration to pay for the Civil War and there was again, but that got struck down. It was deemed unconstitutional and, of course, we had to have the 16th Amendment and that really goes hand in hand with the Federal Reserve, because somebody has to pay the interest to the banksters.
Speaker 2:So, no, I think this is you know you look at something like Bitcoin, david, and I've been in the Bitcoin business since 2016. I had Bitcoin ATMs for a long time the reason that it's not taxed. You know you if you're. There's no sales tax on Bitcoin is because it was recognized as a currency and, more and more in the consciousness, gold and silver. Now gold and silver are money and there's a difference between currency and money. Sometimes they can be the same thing, but I think more and more people are recognizing gold and silver. Physical gold and silver bullion is money and is currency and that's why it shouldn't be taxed.
Speaker 1:Yeah, I was talking to Aaron Day the other day and he's, you know, completely focused on the CBDC stuff. He'd been involved in politics and said, no, this is the thing, this is, this is the hill to die on. He even ran briefly for a present so he'd get in and talk to some of these candidates and but, you know, he's written a book about it and he said, you know, when they did this to Bitcoin, when they moved it from something that was designed to be used, as you know, currency to something that was a store of wealth, it completely changed the character of it. And so he said you know it's, it's got an issue with in terms of the, the speed at which you can do transactions, the capacity of that, that structure to handle a lot of transactions, but that that is a key thing. So you talked about it being money as well as currency. What is your distinction between money and currency?
Speaker 2:Well, money has to inherently have a store of value. Currency can be like a fiat currency just by decree. And, of course, currency like a electric current if it stops it dies, and so that's that's why it has. That's why there's something called money velocity in the fiat currency world. You have to have more and more usage. It's basically a giant Ponzi scheme and people stop buying into the system and that's why, if you look at, you know, the 80% of all the $100 bills ever printed are in the continental United States. It's, you know, the Petro dollar. It's used in transactions all over the world. When people stop using that and I've talked on your show earlier this year, we spoke about the economist Robert Triffin you have Triffin's dilemma.
Speaker 2:Back in the 1960s he was asked before Congress and what happens when you know if we, if we lose that status of the world's reserve currency? Because back then, as you know, a lot of countries were taking notice that we took the silver out of our coinage. You know we had guns and butter and LBJ was going to make the great society on the Mekong and there was something wrong with the U? S dollar. And that's why, eventually, you know 1971, richard Nixon has to take us off of the gold standards because we couldn't honor the Bretton Woods agreement. So again, our dollar went from being money and currency to just currency and free floating, and the dollar is now the oldest living fiat currency in the world. It's you know, the average lifespan is about 26 years. We've doubled that and we'll see how it all ends up, but it's not going to be one.
Speaker 2:That's what I was. I did a little video last week on my channel and I just talked to me and I held up a one ounce gold coin and I held up a U S dollar and I said now, what's the difference between these and one of them's currency and one of them's money? One is a store of value. It's going to, it has a value inherently in and of itself. It could also be traded and used as currency. And one other thing is just, it's given psychological value and there's a demand for it. So for you know, for a brief period in time it can give you some wealth, but it's it's an illusion, and that's what I think a lot of people are coming to understand, especially after the last three or four years, I mean, with the loss of purchasing power that I even asked in that video is your. Does your dollar buy the same amount of groceries that it did three years ago? Two years ago, absolutely not.
Speaker 1:Yeah, when you talk about velocity and keeping this currency flowing, that's one of the key things that they want to be able to manipulate. With CBDC, that is going to be even more powerful for them because they can impose negative interest rates and things like you either spend it or you lose it. And it's not just negative interest rates. They can put a timer on it. This is all. Here's some money and it's going to expire in such and such a amount of time, and, of course, it doesn't even have to be the money that they give you. It could be the money that you've earned and it's going to expire in a certain amount of time, so you better spend it. That's an amazing tool for these bankers to be able to prop up velocity, and that is such a tantalizing prospect for them. They're going to pursue this with every ounce of their fiber. Oh, absolutely.
Speaker 1:That's the. It's just the dream of these people who control all of this stuff. And, of course, as you were pointing out, when they changed the US from a system of taxation at the border and no taxation internally, I think a large part of that was, as you pointed out and we all know is, you know, they create the income taxes at the same time they created the Federal Reserve. They change and then they take down tariffs. They change it to internal taxation. I think that allowed them.
Speaker 1:One aspect of it is it allowed them to have a greater taxation because they really they couldn't ramp up the tariffs, that they keep ramping up the tariffs. People just stop buying stuff elsewhere and they start making things internally and buying stuff from each other within the United States. But you can't escape the taxes when they make them internal and when they start to tax every single thing that you do, everything that you own, and so it was just the difference between night and day. They had everything. Now there was no limit to the amount of money that they could make with taxes, because there was no limit to anything that they could tax.
Speaker 2:Well, right, and I think you know, I think history shows that it was a way for the elite to make sure that no one ever competes with them. They created their foundations prior to the 16th Amendment. This was part of the elite keeping their status forever and making sure that you can never climb up the ladder. It's, it's tariffs always get blamed too, for, oh, that's just an arcane throwback. It doesn't work, it's isolationism, and I'm thinking well, all four presidents on Mount Rushmore agreed with tariffs. So how's it working out in the modern era where all these you know, free traders and all these free trade agreements? I'm all for free markets, but I think, when you're talking about in the modern era and this is something that almost never gets talked about anymore but we throw our workers into some Darwinian contest, survival of the fittest, with countries with no regulation, with slave labor, you know, and again, that these multinationals, they just Thomas Jefferson was right when he said merchants have no country they just, they don't fight for us, these big companies that you know, they don't fight for lower taxes or deregulation or any of that, they just move wherever they want and and ship the products back in. You know, and you, if you look at the movies, like Ferris Bueller's Day Off, when Ben Stein plays the teacher. If you listen to the lecture he's giving in the movie, he's talking about how the Smoot-Holly bill back in the early 1930s caused the Great Depression, which Smoot-Holly was a tariff to protect the American workers in a time of economic downturn. And you know, years later Ben Bernanke would actually admit that it was the Federal Reserve that caused the crash. And we wouldn't do that again. So you know, to channel Pat Buchanan, a Smoot and Holly were framed, a Smoot-Holly was framed and the Federal Reserve was actually the culprit in the Great Depression. And again, the tariffs have, have always been a part of the American character. But yeah, when they started taxing inward, that was the play to give the elites free run of the game.
Speaker 2:They don't pay income tax, they don't. You know what was the? I think I was a couple of years ago. Ge paid zero. It's giant general electric giant multinational paid zero income tax. So I'm paying more tax than GE. How does this work? So it's not a, it's part of, and I think this is part of the. You know the communist manifesto as well. He graduated income tax, all of that. So we have to, we have to be careful not to get too comfortable with all of these things that are really anti-American in the first place.
Speaker 1:Maybe that's why the students didn't answer Ben Stein, you know. Anyone, anyone you know, out there they're all saying is he feeding us that Keynesian BS again?
Speaker 2:Can't do it. It's funny. I, just years and years ago, I was just watching the movie and I go. Well, he's absolutely wrong about that. Of course, ben Stein was a speechwriter for Nixon.
Speaker 1:Yeah, yeah. They're just looking at this. What is he getting at? We don't believe any of that stuff. Now, when you were talking about these, these merchants who have no country, of course the technocrats have no country either I remember the discussion that Musk had with Vivek Ramaswamy, where they're talking about yeah, we just got to bring the best people in here. I don't really care about these Americans, let's just get some cheap labor in here and that type of thing. And I looked at that. You know these guys, they have absolutely no loyalty to this country. They want to just open up the gates and you know it's like an exploitation from the top down. You know, when you look at Musk and you look at what Ramaswamy were advocating and their little discussion, I thought it was absolutely reprehensible. They didn't get much attention, but Jefferson would have known where they were coming from Whitney.
Speaker 2:Absolutely Well you go back to. You know, was it three or four years ago? Disney was in sourcing new employees and, being the old employees, train them before they let them go. I mean, this is their corporations in America today, ladies.
Speaker 1:Yeah, we're going to bring in cheap foreign labor and you can just walk away or you can train your replacements and we'll give you a little bit more time and we'll give you a little bit more of a severance package. That was the deal that they offered them. Yeah, it was reprehensible on a lot of different levels. You know, one of the things we look at, tony, that I look at when I look at crypto one of the reasons why I and focused on tangible things like gold and silver is because of this item here.
Speaker 1:The Ripple Chairman, chris Larson, has just been hacked yesterday for reported 213 million XRPs, which was a hundred and twelve and a half million dollars. So you got the CEO of this company that is offering Ripple. They're offering Ripple is one of the crypto currencies that they're trying to push out there as a currency, as a transactional thing, as, rather than something that's more of a store of wealth. They're trying to push it out for a transactional basis. And so you got the guy who's the CEO there and he gets ripped off for a hundred and twelve and a half million dollars the biggest hack so far this year. But that's the thing that concerns me, you know. It's just. These are people who know what they're doing and it's still vulnerable, just like we see the NSA and see the CIA getting their information hacked. It doesn't seem to be. It seems to me like anything that's in cyberspace is vulnerable. It's vulnerable to what the government wants to do and it's vulnerable to what private criminals want to do. It seems like that's my concern.
Speaker 2:Well, in about 13 days I'll be speaking at Anarcapoco in Anarcapoco, mexico, with all the libertarians and anarchists and pro crypto I mean a lot of crypto specialists will be there. I'm the only I'm sponsoring, I'm the only gold guy there and I get 30 minutes. So I'm both. You know I mean my podcast, that I, when I talk about financials, is the Weiss Wolf Gold and Crypto show, because I think the crypto space is very important to where we're headed in the future. And, yes, there's the threat of CBDC, but I like a lot of the innovations that have gone on in crypto, but it is a lot more volatile. I mean, let's just be honest, if you love crypto, you have to admit you know a gold coin in my hand, as long as I can keep it safe, has, no, is no counterparty risk whatsoever. Well, if I have, you know, and I keep my Bitcoin, most of that on an Exodus wallet, you have to write down your 12 phrases got to keep that somewhere safe in a fireproof box, because you can reanimate the wallet. And I've done that. I've. I've deleted my wallet off the phone and then reanimated it with my 12 phrases just to test it. So all that crypto stays on there, but again, somebody has to write that code, somebody owns that. It's not completely safe because it is in cyberspace. So I you know there's there's so much volatility in crypto, but there is, I think, a lot of opportunity there and it's really that's where the free market, whatever's left of the free market, it's in hiding. Yeah, it's not. Like you know Gresham's law, when bad money enters the system, good money goes into hiding. I think crypto is is a is an interesting space. It has a lot of potential. I'm I'm still optimistic about a great deal of it.
Speaker 2:But then you get the FTX's and the Sam Bankman friids and the world and then you just start, you know, shrugging your shoulders like has this been hijacked too? These are great questions, but you could some of the the coins, like the privacy coins and I know you've talked with people from pirate chain yeah, you know there's. There's coins like Monero, there's privacy, there's some good innovations and, and you know you're mentioning Ripple, which is XRP. I own a little bit of that and they want to make it a transactional coin, like you, like you said, it's kind of piggy banking off the traditional banking system, you know. So I'm not I'm not heavy into XRP, but I think that it's interesting.
Speaker 2:And then you, you hear these stories like where the CEO okay, well, don't inform it, those aren't, those aren't good headlines, especially for people. Well, that in BlackRock and all these other companies know that, and they're like oh well, I see that you are interested in crypto, let us hold it for you, which is that would go back to the ETF or the Bitcoin ETFs, and that again, it's not. You truly are holding crypto. It's another way from them to manipulate the markets, in my opinion.
Speaker 1:Yeah, yeah. And when I had Aaron Day on the other day, you know, he said final countdown to CBDC, warning people about what it's like. It begins with a fictional account of life under CBDC and how they can destroy every last ounce of freedom under that system. And then he talks about, as you were mentioning you know, having having your own wallets and and you know, making sure that you're not on an exchange or any of your stuff, and and he gives, he gives seminars on how to do this type of stuff, and subtitle to his book is you know, getting out of this with gold, silver and crypto. So he says I look at all of them because we don't really know how they're going to move and in which direction they're going to move. I just look at it and I was like you know, I just don't have the time to try to keep this stuff secure. If the ripple chairman is going to have this stuff ripped off his own currency, he's going to break off, you know, and and he and here's the other thing. It's like that I talked about.
Speaker 1:This other individual, high net worth individual had nearly a million dollars stolen from him in Bitcoin out of his wallet, and he found out about it. When some guy noticed a whale transaction a really big transaction and he started tracing it down, he was able to determine that it was coming from this guy. And the same thing with this ripple chairman. You know he's not admitting how much money he got ripped off for, but it's other people who saw it. Other people said, hey, that's him and and this is the amount that they got. And it's like you know why? Again, monera and Pirate Chain, they don't, they're not open like that. But almost all the rest of these cryptocurrencies are with the blockchain. It's. You know. People know how to find it. They can find it, yeah it's an open source ledger.
Speaker 2:That's why it's so laughable. And you get people that I tend to think they do know what they're talking about and they say it's just all used for money laundering and terrorism. And they can not really. You know that's. This is not something the cartels aren't using. You know a Bitcoin Exodus wallet to do transactions they have. They have pallets of cash again, but I'm not anti cash either. That's another trap you can fall into. Well, we got to get it all in the ledger. That's what CBDC is. Cbdc is getting everything on a ledger.
Speaker 2:As you mentioned earlier, one of the powers that they want absolutely is to do away with all cash, and that way, there's no variables in the system and they can expand to contract the money supply at will. That's what they want to be able to do. Now. That's. That will be only the part of the problem. The real problem is the controls, the social control. Right, it's going to be disguised as money, but it's all about controls, the control grid. That's why you know that phrase the hill to die on. It must be opposed, yes, everything, with every fiber of our being. It must be opposed politically. We have to, we have to raise awareness, and it could be that they implemented it falls short, kind of like a Nigeria situation. I would love that they don't. They don't seem to know what they're doing much anymore. I know this, like they.
Speaker 2:The Fed came out. Now it's hawkish again and then they released another report that possible, you know, rate cuts down to 4% in 24. Nobody really knows. They've given several different signals. Even a couple of months ago they were. They had, you know, we're going to look like we've stabilized everything, we've reached a terminal rate. I know they use that phraseology. And then they said that they had another spokesperson come out and say well, no, we're going to, we're going to stay where we are. We're not, we're not lowering rate. It's all over the place. It's coming, though Within this quarter they will do something to lower rates, in my opinion.
Speaker 1:Well, they thrive on on the uncertainty and the volatility, because that creates fear, and fear is. The way that they can control people and control markets is with fear, fear of missing out, fear of this, fear of that, and so that is all. You know rumors, and then you window and very rapid movements up or down in order to create this kind of volatility and fear. It's engineered for that. Yeah, and you know, when I talk about the crypto stuff, you know, if somebody feels comfortable, it's just. I look at it and part of it I think Tony is the very name you know. Cryptocurrency, oh well, this is a it's crypto. If it's encrypted, that means it must be private. You know, and a lot of people think that about the blockchain stuff, that crypto means private and it doesn't. There's only a couple of currencies that really keep that privacy there of who owns it. All the rest of stuff is completely naked and exposed to governments and to the public.
Speaker 3:Oh it's open source.
Speaker 2:Yeah, I mean you can download a Bitcoin wallet, as long as it's not tied to an exchange. That's decently anonymous, but not 100%. I mean you can always find out who that who that is, especially when you start transacting with other wallets and if they're commercial, especially because those commercial wallets are usually hooked up to an exchange. So it's not something you can be totally anonymous with, but it is still the people's currency, still the people's money. In my opinion, bitcoin because if you, you know, internationally, if I want to send a transaction, I certainly can't, you know and I don't and all your eggs in one basket in the coming years is a bad idea in any respect. I like things outside of the system, because the system itself is going to draw you in with this, create the crisis, you know. Then the solution will be you downloading your wallet biometrically and getting hooked up to central bank digital currency to save the currency, and then we're all in this together.
Speaker 2:I've heard these phrases before, you know, but that's the way they're going to roll it out and you just got to be outside of the system. So If you can do that by getting physical gold and silver, that's a great start. If you, if you've had the brain power and the time to look at crypto. Absolutely look into it. I'm no expert, by the way. I do this all day long and I still and there's things I don't know about crypto. I need to have more guests on my show Tell me what's happening?
Speaker 1:Neither is the CEO Ripple an expert on its own.
Speaker 2:I don't feel so bad about not knowing. Luckily, I haven't had any major or any theft at all of my crypto over the years. It's mainly because I use it as service. You know when I would? I just filled up the machines, we'd sell it out the next day and I'd keep wiring it, so there wasn't a lot of inventory just held over in my wallets. So that might be one of the reasons. But you know you can keep it decently safe. But yeah, you're always a target to those. Whales are always a target and they should know better.
Speaker 2:Yeah that's true.
Speaker 1:Yeah Well, we talked about diversification, gold, silver, crypto. Let's talk a little bit about silver, since we haven't talked about that. There's a Kitco article saying silver market to see record physical demand in 2024, as industrial demand remains strong and of course you know that's going to happen, right.
Speaker 1:Yeah, you just pulled it up. We know we've talked about that before. You've talked about how undervalued silver is compared to historically, compared to gold and things like that. But you know, even though we've got all of this green agenda and people are pushing back hard against it, Biden is still going to be subsidizing that and it's such a big part of the green agenda it's almost like it's you can almost look at it as kind of a hedge against the green agenda, Couldn't you the silver?
Speaker 2:Well, and that's part of it. Yesterday I did an interview with Peter Kraut who wrote the book the Great Silver Bull, and he's out of Canada. It's a great book If you want to get some history of why silver is priced the way that it is. It's a really fascinating history why silver is so cheap. Well, he started explaining to me and you know, if you look at the silver mining that goes on today, only about 25% of the silver that hits the market comes from silver mines. You can hardly find any good silver mining stocks. There's just not a whole lot of entities doing that because the price point isn't there. It's not worth getting the contracts and digging through the ground and getting the ore out, and so you have a lot of problems with finding new supply. And he was telling me you know basically all the recycling and all the mining and most of the silver comes from gold mining, copper mining. It's just an added benefit. They get some silver out of that too. So about a billion ounces a year are produced. And he said well, what's been happening year over year? It's the demand is going to, you know, 1.2, 1.3. So you're talking about hundreds of millions of ounces that are missing and a lot of that ends up in landfills that'll never be recovered.
Speaker 2:Gold has been recovered over the years. You know people come to places like Wise Wolf and sell their bracelets or their stuff they've mined out of computers and any kind of scrap and that gets melted. It gets recycled back into the gold ecosystem. Silver is so cheap it hasn't been and so this is catching up with it. We're talking about hundreds of millions of ounces and deficits, so this is coming to a head.
Speaker 2:These days of silver and the $20 range, I think that's ridiculous. I've been saying it for years because I can tell just the variety of having to source product for people that we're nowhere near where we were in 2018, 2019. I mean, I could get anything then. I'm still limited, even with stuff hitting the market, and when prices drop to a certain point, there's nothing to be had. So I think that we're going to see and Peter Kraut agreed with me. I think we're going to see this resetting of prices and commodities very soon.
Speaker 2:And this is an investment I always have to clarify. I'm not talking about investment in silver is going to the moon, but there is something seriously wrong with the pricing model. I mean $52.50 an ounce in 1980. That's what I keep saying. I'm like this cannot we're in look at the debasement and the destruction of the dollar since that time? It's 44 years ago. I know because I was just born. So there's a problem with the dollar and the silver gold ratio. There's a problem with all of that. I think the deficits are going to kick in sooner or later in the physical demand. But even the warfare state. David, it's 40 pounds of silver in a Tomahawk missile.
Speaker 1:And you're not going to recover that either.
Speaker 2:No, we keep blowing it up. We blow it up or we send it into landfills because it's so cheap. I just think there's a day of reckoning coming. I think silver not only is a monetary metal like gold and has been money longer than gold and traded longer than gold, but it is also an industrial metal. It's used in medicine. It's one of the. When you have antimicrobial, antibacterial developments in medicine, it's usually coming from silver. So it's very important to why so silver has so many properties and it's so cheap right now. There's so much emphasis put on that. It never moves. People say, oh, I just buy silver, it never goes anywhere. I know, but one of these days I think that clock runs out and looks like it's going to come from the actual bullion supply. It's just not there and that has to be a reckoning.
Speaker 1:Well, as you pointed out, getting about a billion ounces a year, but they're looking at a 4% increase. This is coming from the Silver Institute. So of course they're going to be focused on silver and pushing silver. But they said 690 million ounces of demand for things like solar energy and electric vehicles. So just in that area alone, looking at it, to go up to almost 700 million ounces as an you know, as a total amount that they're looking at.
Speaker 1:And then we have, on the other side of it, we have the concerted efforts of Russia and others to de-dollarize, to take the dollar away as being the reserve currency, because that is so fundamental to our power base there, and so that is essentially. They realize how weaponized it's become and they want to take that weapon away. And so Russia is saying that's one of their top priorities is de-dollarization and promoting internal trade between the BRICS, company countries and other countries like that, and not using the dollars in an intermediate exchange, and that's going to be something that will. When that happens, that is going to have tremendous consequences for those of us who live in America, isn't it?
Speaker 2:Absolutely, and we've never seen this before. Yeah, because we've never lost, never gained and lost the world's reserve currency status in our history. This is something that began in 1944 at Bretton Woods and was remained, for the most part, stable. But you can see that the percentages, david, the decline in usage of the dollar since 2001,. 75% down to 45% of global transactions used in dollars and this is only increasing is because of the sanctions. We have 40 different sanctions in 36 different countries. Now I've been quoting that for probably six, seven months now. It's probably more sanctions. That's our favorite thing. We like to weaponize the dollar and use sanctions. But I think, again, you're watching more and more of these countries move away. They're getting out of their dollar holdings, they're getting into gold. The World Gold Council has just pointed out you know again, year over year, central banks breaking records buying gold. There's only one central bank, major central bank, not buying gold. That's the United States. That's a federal reserve not buying gold. Yeah, that's right.
Speaker 1:Well, you know, I thought it was interesting when I saw this article. They referred to the Russian reporting, referred to the Russian Serpa for bricks. They don't call them a czar for some reason we like to call our drugs are William Bennett and everybody else. You know, whenever they put somebody in charge of something in the US, we like to call them a czar. They don't like czars in Russia, so they call them a Sherpa. His name is Sergey Rybakov and he says the top priority for bricks in 2024 is de-dollarization for them and for everybody else that they can get in there.
Speaker 1:Wes Robertson on Rockfin says if the Federal Reserve is not abolished, it won't matter what we end up using as currency. The country will never be free. Well, I agree, but of course, you know, cbdc is a way to accelerate this trend and to take it to a new level that we have never, ever seen before, and that's across the board. When we look at what is happening with so much of the technology you know robotics and artificial intelligence and nanotech and all the rest of this stuff and genetics all of these things are rapidly changing and we're at the point right now where they want to redesign the financial system, as you pointed out and we talked about earlier. It's gone on for a very long time and it's one of these institutions that people are going to change.
Speaker 1:As long as the Federal Reserve is there, it still is going to be a threat, no matter how they redesign the system. But this CBDC is the worst thing, the worst possible scenario that we could have for a currency. So that's that's my interest in it Anything that I can use to as a hedge to not have to be 100% into that system, that's what I want to focus on. Tell us a little bit about what's going on at Wise Wolf Wise Wolf Gold. Of course you can get to that by David Knight Gold. What's happening at Wise Wolf, tony?
Speaker 2:Well, we just got lots of packages going out. Wolfpack's growing. We'd love more people. The more people to join, the better prices I can get for everyone. I just got a big shipment of goldbacks in and we even have goldback wallets. I'd like to thank, for Love of the Road. The David Knight listener who shares a lot of your content, asked us about it and so we ordered the goldback wallets. So you can. You can get a special wallet for your goldback, and I decided last month. I said I'm going to put goldbacks in every order. Now how?
Speaker 1:does a goldback wallet differ from a regular wallet?
Speaker 2:It's just a little bit, it's just longer. You don't want to fold your goldbacks, okay, all right, you want to keep those without folding and crinkling in the middle. So it's just a longer. It's a leather wallet and we ordered it from the, from the goldback company. There was a tip One of the. Again, one of the listeners for Love of the Road said you need to check this out. So we did and we ordered some. I just decided we're putting goldbacks in every tier and I bought the, the one dollar denominations and from different states and we have New Hampshire, wyoming, utah, some others, nevada, I believe and we just get it. We're going to get shipments of that every month and we're putting them in all of the, all of the wolf packs. It gives you a little bit of diversity. You know it's not the best way to get gold, but in that fractionalized sense it can be very smart, because you're talking about 24 karat gold in a note. Yeah, it's, you know, spread very thin. It's like one, one thousandth of an ounce or something like that. So it's something you go check out, david Knightgold, and there's a tab on there. It's a joint wolf pack.
Speaker 2:We've been adding a lot of new products. I've. I've got so much pre 1965 silver. It's crazy. I've been buying it both at the Denison location in Texas and here in Branson and we just keep stacking 90%. We're not going to run out of 90% anytime soon. I've got dimes, quarters, half dollars and we've even got a lot of the silver dollars the real ones, not the eyes and hour dollars from the seventies I'm talking about real peace dollars and Morgan silver dollars are going to be going into Wolf pack as well.
Speaker 2:So a lot, a lot of great stuff. There that's I. We're again pride, we pride ourselves. We did something different than a lot of the other gold and silver dealers, the big ones especially. They're going after the whales and going after people that you know. $10,000 or more. I wanted to every day. Now we can handle those transactions and we welcome them, but I'm handling just average people that are just. You want to save up something, to be outside of the system and, especially in the face of central bank, digital currency and Wolf packs, a great way to do that. It's. It's not a contract and you're going to get metals every single month. I'm trying to make the orders a lot more efficient. Like you bill and you're billing date, I'm like two or three days later I want your package with a tracking number. So we're working on that. It's been.
Speaker 1:I love the gold back things and when Aaron day was on the other day, he was talking about, you know, using cash, talking about using gold backs as well. He says a lot of times I'll leave it as a tip, along with a note explaining it and what it is to try to get people accustomed to using that. And that's the key thing. You know, we have to try to put these things in circulation and we just, like we've got to try to make sure we keep using cash, consciously use cash. Even though it may not be quite as convenient as just swiping plastic or something like that, it is. It's important to use those freedoms or we're going to lose them, and already you're seeing this happening. It's happened in many countries where they shut down the ATMs and things like that. So you know, having a gold back and something like that that you can use if we can make that more popular, that that is a great alternative. I really like those things. That's great.
Speaker 2:Well, thank, you, I'm a big fan of it.
Speaker 1:Yeah, thank you so much for joining us, tony. And again, david Knight died. Gold will take you to wise Wolf, where Tony is. I've known him for a very long time and he's he can help you with anything, large or small. So thank you again, tony, appreciate it. Thank you, nick.
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