INTERVIEW Golden Beans: China, a Nation of Bean-Counters
The David Knight Show
David Knight
4.6 • 765 Ratings
🗓️ 9 May 2024
⏱️ 40 minutes
🧾️ Download transcript
Summary
As the rush to "cashless" societies and CBDC accelerates, what are our options in smaller quantity gold & silver useful as a medium of exchange?
Tony Arterburn, DavidKnight.gold, joins
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Transcript
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| 0:00.0 | All right, welcome back and joining us now is Tony Arterman of Wise Wolf Gold. |
| 0:09.0 | And Tony has set up David Knight, gold. |
| 0:11.0 | That'll take you to his company and let him know that you came through me. |
| 0:17.1 | When you get there, you can buy gold or silver, large or small transactions. |
| 0:21.8 | Tony can handle it. |
| 0:22.8 | He also has a way for people to gradually save on a regular basis. |
| 0:27.5 | It's a group buying program. |
| 0:28.6 | He calls it Wolfpack. |
| 0:30.0 | And so you can get into that, |
| 0:31.8 | have the, |
| 0:32.6 | you know, |
| 0:32.8 | just set aside a certain amount that you're going to accumulate each month, |
| 0:35.3 | a great savings program to do that, |
| 0:37.3 | as well as get the advantages of a group buy. So thank you for joining us, Tony. Good to see you again. |
| 0:45.0 | Good to see you, David. Thanks for having me back. You know, we were talking in the break about these |
| 0:50.3 | gold beans in China. You've heard about that as well. And it's become, you know, part of that |
| 0:55.7 | is the retail trade that they're talking about, but they've actually created a little instrument |
| 0:59.1 | there. And, you know, people are getting, I think, a 13th of an ounce in the form of a gold bean. |
| 1:05.9 | Very popular. Well, it's popular. It's convenient. It's affordable. And the people of China, they're crazy about gold. There's 60,000 gold mines in China. China is breaking all kinds of records, importing gold, manufacturing. And that's been the trend since the beginning of this century. China's been buying and you know it's interesting China's |
| 1:28.2 | been buying gold off the books which is an open question why. Why are they buying gold off |
| 1:33.2 | it? Wouldn't they want the world to know what their gold reserves are? And Kit Co's talked |
| 1:38.1 | about this before. There's some journalism and some studies into the to China's gold reserves |
... |
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