Interview: This Isn’t Volatility—It’s System Failure
The David Knight Show
David Knight
4.6 • 765 Ratings
🗓️ 6 February 2026
⏱️ 36 minutes
🧾️ Download transcript
Summary
Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver
For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHT
Find out more about the show and where you can watch it at TheDavidKnightShow.com
If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show
Or you can send a donation through
Mail: David Knight POB 994 Kodak, TN 37764
Zelle: @DavidKnightShow@protonmail.com
Cash App at: $davidknightshow
BTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Joining us now is Tony Ardman of Wise Wolf, Gold, and Silver. |
| 0:10.3 | And, of course, you can get to Tony through David Knight.Gold, |
| 0:14.0 | lets them know that you came through us. |
| 0:15.8 | Thank you for joining us, Tony. |
| 0:17.3 | It's been another interesting week, hasn't it, with gold and silver? |
| 0:22.8 | Interesting week. Yeah, when I got off air with you last week at this time, |
| 0:27.3 | gold was trading around 5,500, 5,600 an ounce. And then the next day, I woke up and I set |
| 0:33.0 | prices, and I started to see just the red on the screen. And the same thing with silver. It went from like |
| 0:39.9 | $110 an ounce down to $70 something. Yeah, about 30% or something. Gold dropped almost |
| 0:48.3 | $1,000 an ounce and then bounced back. So yeah, at the top, it was $5700 that's last week, and then down to 4,700 or so. |
| 0:57.2 | And that happened in a 24-hour period. So, yeah, Wise Wolf survived the largest downturn of gold and silver in history in a flash like that. |
| 1:07.5 | Wow. I don't interview you. I don't know how you do it because I tell you, this is, you know, this is absolutely crazy, the big swings that are going back and forth. What do you think? I mean, some people have said that they think that, of course, a lot of people are getting out of Bitcoin, perhaps, getting into gold. Maybe these guys are then selling off gold because they've got to cover short |
| 1:28.4 | positions that are starting to drop. What do you think was going on behind that? |
| 1:32.7 | I think it's a lot of factors. The Warsh nomination carried a certain psychological weight to it. |
| 1:41.8 | A lot of people went back to his previous remarks about a strong dollar |
| 1:45.0 | and his support of things like Bitcoin and other things. And there was this feeling that, |
| 1:51.7 | oh, well, the dollar is going to be strengthened. That was at least some of the press release that |
| 1:55.2 | was out. But if you're following any of this or paying attention, you know, the Trump administration, |
| 2:00.5 | Trump himself, |
| 2:01.5 | has talked about the need for a weak dollar. The whole premise of everything that, if there is a |
| 2:07.1 | strategy here at all, the strategy is just a weak dollar and the, you know, the berating of Jerome Powell |
| 2:14.0 | for not lowering rates over the last year. You think that the new nominee is not going to just lower rates? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from David Knight, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of David Knight and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

