Dollar Death Spiral Sends Gold Skyrocketing
The David Knight Show
David Knight
4.6 • 765 Ratings
🗓️ 2 October 2025
⏱️ 46 minutes
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Summary
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Transcript
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| 0:00.0 | Welcome back, folks, and joining us now is Tony Ardabon of Wise Wolf Gold, and he has currently set up |
| 0:12.6 | David Knight.Gold, which will let him know that you're coming through us. Tony, it's been |
| 0:17.8 | an amazing time for gold, hasn't it and it's still going it's it's crazy |
| 0:23.0 | every single week when i come back there's a new there's a new all-time high and uh last week i |
| 0:28.2 | said you know the dollar has lost 40 percent of its purchasing power against gold we'll make |
| 0:32.6 | that 45 percent we've got uh even more uh new all-time highs, gold. |
| 0:39.0 | I didn't foresee this price range here in the last six months. |
| 0:44.5 | I definitely didn't solve past 3,500. |
| 0:47.0 | But we broke 3,900 temporarily the last couple of days, last 48 hours, I believe. |
| 0:53.9 | So really impressed into territory. |
| 0:55.8 | Yeah, it's getting close to the 4,000 number of people talking about. |
| 0:58.9 | And, of course, it's the uncertainty, the concern, you know, whether you're talking about |
| 1:02.6 | tariffs or other economic policy, and people concerned about anytime you see a lot of bad |
| 1:09.9 | news about the economy or people are concerned about war, |
| 1:12.8 | this is the people turn to gold in those types of times. |
| 1:16.4 | So yesterday you had futures drop and gold jumps as the government shutdown begins. |
| 1:22.4 | So bad news really shoots gold up like a fire hose. |
| 1:26.2 | And of course, along with bad news, I think about this AI bubble that I think is long overdue to pop. |
| 1:33.0 | And I imagine when that bubble pops, it's going to surely shoot gold up sky high. |
| 1:37.5 | What do you think? |
| 1:38.5 | What happened with a dot-com bust? |
| 1:41.7 | I think so, too. |
... |
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