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The David Knight Show

INTERVIEW Gold Boom! Why, and Will It Continue

The David Knight Show

David Knight

Christianity, Religion & Spirituality, News, Society & Culture, Politics

4.6765 Ratings

🗓️ 7 December 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

Tony Arterburn, DavidKnight.gold, joins — what factors caused the spike in gold prices through the $2,000 "barrier"

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Transcript

Click on a timestamp to play from that location

0:00.0

All right. And joining us now is Tony Arterman of Wise Wolf Gold. And he has kindly set up David

0:09.6

night. Dot, where you can buy gold and silver. He's got a community that he's put together

0:15.5

their wolf pack. And, of course, it lets him know that you come through us. But it's good to have you on, Tony.

0:21.4

It's been a real busy week financially, especially around gold and silver, hasn't it?

0:26.5

Always great to see you, David. Thanks for having me. Yeah, I didn't realize that last time we

0:30.7

talked between now and then the gold will hit its all-time high. It wouldn't only break its all-time

0:35.4

high by a little. It was a hundred, almost $100. Yeah. Over its all-time high. It wouldn't only break its all time high by a little. It was a hundred, almost a hundred

0:39.1

dollars. Yeah. Over its all time high. It's a really amazing performance by gold in the last week.

0:45.3

But still way, way down from if you adjust for the value of the dollar. Oh,

0:50.1

so way, way down from 1980. So there's still a big possible potential on the upside.

0:55.1

And of course, what was it that created that, in your opinion?

0:59.2

Well, it's the loss of purchasing power and the dollar.

1:02.3

And of course, you know, the financial networks are a little bit confused because Jerome Powell's raised rates faster than any time in history's Fed chair.

1:11.6

That's supposed to lower the price of gold. It did not. In my opinion, it's,

1:16.2

it really is the driving factor is central bank demand. Central bank demand around the world,

1:22.4

the growing debt of the world. And of course, the United States itself, economic uncertainty,

1:29.0

all the fear, uncertainty and doubt drive gold, but it's demand. It's really economics 101.

1:33.7

And the dollar competes with gold. That's why the United States is the only central bank

1:39.0

in the world not buying right now. Yeah, it is, you know, a lot of people are expecting, as Gerald Sly and you have been saying,

1:47.5

for the longest time, they're going to raise rates in election, lower rates in election year

1:51.0

to make things look good.

1:52.8

But I think towards the end of the week, they kind of got surprised.

...

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