We have joining us down the line, Tony Arterman, and it has been a big couple of weeks for gold, hasn't it, Tony?

I was just looking at the prices, and I was going to talk about this a couple of days ago.

From Friday to Friday, it went up 2%. I was going to talk about this a couple of days ago.

From Friday to Friday, it went up 2%. And then from this last Friday to Monday, it went up 3%.

And then in 24 hours, it went up another 2%.

It's really hitting all-time highs all the time again, isn't it?

Well, don't worry. Everything's fine, David. The financial system is fine. Nobody's running for

the exits. Central banks haven't broken all the records by hoarding gold. They now held about 36,000. Brought in about 10 tons of gold, which was down and that looked like to be a trend, except for the rest of the world's going for gold right now because of all the instability.

I mean, you talked earlier about the chaos of the sanctions and the tariffs and things that the Trump administration is doing.

And markets do not like uncertainty.

And that is showing up right now in spades.

And, you know, the all-time high-in-go-like think we're just getting started. And it's a good reason they don't like uncertainty because you look at businesses, whether they're small or large. They can't operate with this kind of uncertainty. You know, they don't know if they're buying in that something's going to be 50% higher than it's going to be in a week or two. This kind of whipsaw stuff is just the ultimate insanity.

It's the dumbest thing I've ever seen.

Yeah, if you wanted to create an environment where the United States had a robust economy,

you would do different things than what's being done right now.

And especially, you know, I mean, some of the different things than what's being done right now.

And especially, you know, I mean, some of the gold price certainly is the anticipation of the lowering of interest rates or the replacement of the Fed chair or whatever that is. I mean, there's something built into the gold price there.

But I'm really of the school and talking to you

over the past few years of we've noticed together that the Federal Reserve really didn't affect

the price of gold. And, you know, when they've raised interest rates, usually that will decrease

the price of gold. And gold hit all-time highs in the face of them doing that.

So I don't think that the interest rate necessarily is that. I think it's the geopolitical tensions.

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