Turning our gaze to global affairs, we explore the escalating Israeli-Hamas conflict and the potential risks surrounding it. The ground reality is that war often impacts more than just the parties directly involved - oil prices, for instance, could surge to $150 or more, potentially triggering a recession that could dwarf the 2008 financial crisis. Furthermore, we expose the approaching storm of a second stage banking crisis that could shake the very foundations of our financial system.
As gold sales at Costco soar and JP Morgan predicts a golden rally, we debate the declining purchasing power of the dollar and the potential for precious metals to safeguard wealth. In our roundup on the crypto front, we discuss the rise, risks, and rewards of meme-based coins and the growing acceptance of Bitcoin. We also ponder how the concept of ESG could affect free markets and western civilization. So, tune in, stay informed, and remember to leave a review. Join us as we navigate the world of bulls and bears and strive to be the wolf.
Turning our gaze to global affairs, we explore the escalating Israeli-Hamas conflict and the potential risks surrounding it. The ground reality is that war often impacts more than just the parties directly involved - oil prices, for instance, could surge to $150 or more, potentially triggering a recession that could dwarf the 2008 financial crisis. Furthermore, we expose the approaching storm of a second stage banking crisis that could shake the very foundations of our financial system.
As gold sales at Costco soar and JP Morgan predicts a golden rally, we debate the declining purchasing power of the dollar and the potential for precious metals to safeguard wealth. In our roundup on the crypto front, we discuss the rise, risks, and rewards of meme-based coins and the growing acceptance of Bitcoin. We also ponder how the concept of ESG could affect free markets and western civilization. So, tune in, stay informed, and remember to leave a review. Join us as we navigate the world of bulls and bears and strive to be the wolf.
Well, it's good to see all of you again. Last week was our first show back in since July and a lot of you asked where Kinsey was. Kinsey is gonna be here. I send her a link to join the show. She's really busy, especially this time of day, but I wanted to set up. Since we have freeworldfm, I wanted to set this program up to where it follows day, but not we're eventually gonna get all of that set up. So I'm just laying the groundwork and I'm sure Kinsey will be here.
Speaker 1:And if you follow the podcast channel, which anywhere a podcaster found, please go follow the Wise Wolf Golden Crypto Show and leave us a review. It really helps us because a lot of these shows that you're seeing live the interviews and things that when we have scheduling stuff that's gonna be going through the podcast feed, so you're gonna wanna subscribe to the podcast. This is more of an overview. One of the things that we're gonna cover today is a lot of macro. I cover a lot of macro stuff, especially when you have a limited live window. So that's what we're doing here on the Wise Wolf Gold and Crypto Show and we have a lot to cover today. If you wanna comment, it's live on YouTube. We're live on my Twitter at Tony Arderman. We're live on the at Wise Wolf Gold Twitter, so comment there. That should show up here on my feed. The Rockfin family R-O-K-F-I-N on the America Unplugged channel you can go there as well.
Speaker 1:And again, this is a show about the overview, the markets, the monetary system, really setting the pace for the week, which is what I do. If you follow my shows where I talk about the parapolitical and we go into the roots of all of that and what's happening before us with history unfolding, a lot of that everything has its roots in the monetary system. In my opinion, from all of my study that I've done in my entire adult life, everything leads back to this. It's about currency creation. When I say that the fiat is fake, it's the head of the snake. It truly is. So we cover not only gold and silver, but we cover the broader crypto, which I don't think anybody does. That. I don't think any show out there. It's a big undertaking because you're trying to target different audiences, but I think it really flows together and a lot of the crypto space we're gonna find here at the end of the show.
Speaker 1:I've got two articles. They're really diametrically opposed to each other in philosophies because you have the free market, open market, so what so-called right With the crypto and a lot of it's just silly, but it is an answer to the even greater evil. Some of it's silly, but it's not evil. There's an evil to fiat currencies. There's an evil to unlimited money printing, robbing people of their wealth. It's a hidden taxation. It's mind warfare, because you're not taught this in schools. It's like you have to go to a third party educator. You have to educate yourself. You have to be an auto-didact to figure out what's going on. Why are my savings losing money? Why does it cost so much more for me to buy a home? Why does it cost so much more for me to buy a house? Why can't I get ahead? Well, those things are rooted in currency creation.
Speaker 1:And, of course, this last week we had Santa Pal. Jerome Pal was back. He's Santa Claus now. He's announced that everything's fine, that inflation was, in fact, transitory. Well, that's not what he said, but you get what I'm saying. Hemogenant Yellen for the last what year and a half? Oh, inflation's transitory. And then they got really hawkish and they raised rates for the fastest rate hikes in history of the Federal Reserve. And then now they're fine supposedly, but there's an election year coming up and now they have a terminal rate, which I found that to be a lot more apropos. I thought the terminal rate was what's a good description of where they are. It's pretty terminal, all right.
Speaker 1:So we're gonna jump right into the macro, and this was an article up. This is what's gonna set the table for the show today. I don't know. Hopefully that'll take a break. If you guys have comments, concerns anything you wanna throw at me, please do so in the comments section and I'll see if I can get to that cause. This is a lot to cover.
Speaker 1:This is a. I saw this article. I thought this was a great broad brush of what to look for in 2024. And this is, of course, from Jim Rickards, who authored a currency wars. He used to be an analyst for the Central Intelligence Agency. I don't agree with everything Rickards says, but I think he has a good mind for picking up trends. He's written books on the gold standard, bringing back the gold standard, a book called Aftermath, which I really enjoyed. When I first started doing this type of program, I quoted a lot from Aftermath back in 2019. So let me share my screen here and we're going to this article that's up on zero hedge, and this is, of course, jim Rickards again Rickards five forecast for 2024. So this is a good way to set the tone, for today's show Says I have five forecasts for 2024 to help keep you ahead of the curve in positioning your investment portfolio.
Speaker 1:My overall forecast in 2024 will be more tumultuous and shocking than 2023. And he said that may seem hard to credit. With two major wars going on and a guided former president, a demented current president, how could 2024 be more challenging than 2023? He said, rest assured it will be, and I explained why An election of dire consequences. It is a cliche to write that the next presidential election will be the quote most important in our lifetime. Yet in 2024, that cliche will actually be true.
Speaker 1:The divide between the two parties is probably greater than any time in US political history since the Civil War. The choice could not be more stark and the stakes could not be higher. Well, I'm going to disagree here. You guys know my show. We can dig into that later. I do think the election will have massive consequences, but maybe not because of the candidates per se.
Speaker 1:So, first off, I don't think Joe Biden will be the Democratic nominee, for president Biden's problem is not just his age, but the fact that he is actually mentally and physically impaired. He's simply not fit to be president. Everyone knows it. If Democrat operatives and media sick offense don't want to mention it, that's fine. But who will replace Biden? The most likely replacement it's Gavin Newsom, jp Fittsger, gretchen Whitmer and Jennifer Reilholm. All four were our state governors, were or are state governors. They're all about the same ideologically. Take your pick. Forget Kamala Harris. He's simply too much of a liability. Well, I agree with that statement. I think that it's real possible.
Speaker 1:You can go into this as sort of a parapolitical backdrop for me going back to 2020, but I talked about the laptop and Hunter Biden. I said this will not be used by the Republicans. They don't ever seem to use any weapons at their disposal, but I definitely think the Democrats will use it when it's time for them to shuffle off Joe Biden, when they want to get rid of him. He's no longer viable and that may just be the pressure that they need. That's why I think you're seeing a lot of traction with the so-called impeachment and all the other things, the indictments, the hearings that will only escalate into 2024. And it won't benefit the American people. That's certainly the Democratic Party. It's the Republican slide. Excuse me, that's what I see slide. It's a Republican side, but there is a slide in the Republican Party. On the Republican side, there's not a lot to say.
Speaker 1:Trump will be the nominee. No one can recall a non-incumbent with such a large lead in the polls. He's leading the pack by 55 points or more and is now even running ahead of Joe Biden in recent polls. Meanwhile, trump's facing over 90 felony charges in four separate indictments in two states and two federal courts. A criminal conviction and this is what Rickard says likely, in my view, will further solidify Trump's base because of the blatant jury shopping, targeted prosecutions and absence of due process that Trump has had to endure.
Speaker 1:I agree with those statements. It will, and I think that is the point, which is to solidify the base. I think that this is a really the only sides that are playing for DHS are the globalist puppet masters, and I think that they really see that as a way to ensure a Democrat victory because of demographics and we can get into that later, but Rickards is calling it like he sees it so we'll see what Rickards has to say, the biggest curveball is that Trump may actually be behind bars on election day. That's okay. There is no legal or other prohibition on electing an incarcerated, convict felon as president. Third world yes. Illegal no.
Speaker 1:This brings us to the third party situation. There are many third party candidates who will likely divide the Democrats. These include RFK Jr, cornell West and Jill Stein. I wouldn't rule out Senator Joe Manchin from West Virginia, who's announced he would seek reelection If he runs for president. He won't seek reelection, excuse me. If he runs for president, he will likely go on to the no labels party line. I believe third party candidates will divide the Democrat vote, which also, I believe, will favor Trump. So that's my first forecast Trump will win back the presidency in 2024.
Speaker 1:This is Jim Rickards and we can get into that at another time. You guys follow my radio show. I have a little bit different analysis, but I agree with him on Trump being the nominee at this time. And the second I think the worry there for anybody who is a pro-Trump or looking for MAGA or anything like that is Nikki Haley. But they might find a way to blend her into MAGA and sell her to MAGA. We'll see, because she definitely wants war and that's the ruling elite. Those who control the party system, the duopoly in this country, need to make sure that, no matter what we're positioned for war, us, china and global recession.
Speaker 1:Chinese economic growth is now at low single digits, about 4% a year. That's down from double digit growth. The US faces its own economic headwinds. The Federal Reserve has raised interest rates from our to 5.5% from zero in 20 months and reduced its balance sheet by over one trillion in the same period. And even tighter monetary policy that was engineered by Paul Volcker from 1979 and 1981. I've talked a lot about that. Just because interest rates weren't in the teens, you weren't paying attention. A lot of the media pundits weren't paying attention to how fast the rate hikes were. And that's in Jim Rickards' rights 5.5 to 5.5% from zero in 20 months Huge. The data showing the US is heading to a recession is abundant. In fact, the US may already be in a recession. The indicators include inverted yield curves, rising commercial real estate defaults, declining industrial production, declining job creation and failing and falling bank loans. That leads to my next forecast the US, the China, the US and Japan will fall into a recession in the coming months. The EU is already in a recession. A rare global recession will be the result in 2024.
Speaker 1:He goes on to talk geopolitics. Ukraine Russia is winning the war decisively. The West and Ukraine have shown no willingness to negotiate and there's no reason for the Russians to negotiate because they're winning. With that in mind, it seems that Joe Biden will likely double down on his losing bet. Of course he will. The Russians don't expect the war to be over until 2025. That gives Biden time to deliver F-16 fighter jets and more money to help Ukraine with its flying drones and sea drones that can attack Russian vessels and the Kursh bridge. Russia will certainly match that kind of escalation by shooting down the F-16s, increasing cruise missile attacks on Ukrainian cities and destroying Ukraine's energy infrastructures. That the country will lack electricity and eat this winter Records goes on to say. My forecast is that Russia will not de-escalate because they're winning. Biden will not de-escalate because he's senile and is surrounded by warmongers and has no reverse gear. I do not expect escalation to the point of nuclear weapons, but the possibility of that outcome is uncomfortably high and should not be dismissed.
Speaker 1:Next is a two-part forecast. He's going to go into Gaza. I just want to sidebar here. I think he's something if you've paid attention to Cold War history and NATO expansion, if you're just really even surface level looking at geopolitics and foreign policy. It is a very odd thing that he's mentioned that there has been no off-ramps for peace, no summits, no calls for any sort of meeting, any sort of de-escalation in Ukraine, which did its policy of the West to agitate Russia and to keep that a kinetic exchange right now, and that is disastrous. When he's talking about he hasn't ruled out the possibility of I mean, rickers is a very sober thinker, he's very strategic. So when he's talking about the use of nuclear weapons, I think he's saying that responsibly. I would too. It's something to worry about and this is the next macro analysis Israel and Gaza.
Speaker 1:The Israeli Hamas war has its own risk of escalation. As of now, fighting is mostly limited to northern Gaza, adjacent to the Israeli border. Yet Israel faces an enemy 10 times more powerful than Hamas in the form of Hezbollah, which is located in Lebanon, on Israel's northern border, and which is heavily subsidized by Iran in terms of money, weapons and intelligence. Hezbollah has launched some missile attacks from Lebanon on Israel's northern border, but those have not been extensive. In addition to Hezbollah, the Houthi rebels in Yemen are firing missiles into Israel. The Houthis are a direct Iranian proxy intended to threaten Saudi Arabia, but are equally capable of threatening Israel. If Hezbollah and Houthi attacks on Israel escalates, israel will not limit their response to those two groups. They are likely to launch attacks on Iran itself, going to the root of the problem. At that point, iran may fire missiles at Israel and close the Straits of Hormuz.
Speaker 1:This is where all of this, going back to October 7th this is what I've been saying it's not about. There is a land issue there, israel is going to expand its territory and all that with Gaza. There is that short term, but there also is the. This is language. This is Iran and Hezbollah and Hamas and, of course, the Houthis as well, because they're Iranian proxies. This is language being in exchange between these two powers, and this has everything to do with energy. But the region and really even tracking back to the waning geopolitical influence of the American Hedgeman Okay, this is. This is when you, when you see a receding empire, there's a vacuum. It's just like when the Soviet Union collapsed it broke into 16 pieces.
Speaker 1:This is very similar to that in this is my opinion, looking at the fact that I was in Iraq 20 years ago and I watched a currency guy in real time. I watched a paper currency go to zero in real time. They were raiding the banks and people were walking out with boxes of Iraqi denar and we didn't stop the no one's because nobody wanted them. The thieves didn't even know that they weren't worth anything. They couldn't trade them anything, they just. The banks were looted. And then there was trading in American dollars, which had always been the case. But now, if you look at the news, iraq has banned the use of American dollars and trading in American dollars. That's how, that's how strange, that's how much the monetary system and the global use of dollars has changed over the past 20 years, and that's why King dollar and all these things that you hear, these phraseology. You need to watch out for that, because it's shrinking. The money velocity is tightening every single month and then, of course, every year massively. We're down to about 43% of global use of dollars. Down from when I was in Iraq it was about 75% of all the global transactions. So something to watch Since, for now, the tensions have been reduced slightly, but the escalation scenarios play out even in part expectation Now, even in part, expect oil prices to go to $150 a barrel or higher, that will put the US and Western Europe in a recession worse than 2008 and earlier oil shock of 1974. Don't rule it out.
Speaker 1:And we're here at the last part of the article, which I think is probably the most serious for this program, which is talking about the banking crisis stage two. In less than two months, from early March to early May 2023, we saw failures at Silvergate Bank, silicon Valley Bank, signature Bank, credit Suisse and First Republic. In response, the FDIC stepped in, with the mother of all bailouts Going forward. The issue is, once you've guaranteed every deposit and agreed to finance every bond at par value, what's left in your bag of tricks? What can you do in the next crisis that you haven't already done except nationalize the banks? And I don't know if you guys heard, if you listened to me on the David Knight Show the other day.
Speaker 1:I talked about how, after the great recession downturn 2009, going in 2010, the FDIC this was on 60 minutes and it wasn't picked up a lot. I thought it deserved more coverage. But the FDIC would go in and when they take over a bank. So I mean this is basically nationalization the FDIC would go into a failing bank and it's probably banks you've heard of they would go in and they would wear the uniforms of the people. They would fire everyone. Well, they would let everybody go because they'd taken over the bank. So the next morning the bank would be open, but that wasn't your teller and that's not your bank representative. They don't work for that company their FDIC employees as to not give you the impression that there's bank failures all over the country, which there were and now there's massive zombie. There's over 100 zombie corporations in this country that have been propped up since 2008, 2009. And I think that number is going to get worse until they finally let the zombies die.
Speaker 1:And this is what you have to watch out in these banking crises. Even Yellen said that they don't guarantee every deposit. They're not prepared to say that. They're not prepared to say that they can cover all losses. The FDIC doesn't say that. There's something, I think, built into this. We can get into later, but I think when you roll out, when you're going to need the roll out for the central bank digital currency, this is where it's going to come from. It's going to come from consolidation, and when the smaller regional banks start to fail, the bigger banks come and snatch them up. This is investors are relaxed because they believe the banking crisis is over. That's a huge mistake.
Speaker 1:History shows that major financial crises unfold in stages and have a quiet period between the initial stage and the critical stage. My next forecast is that bigger and more acute stage two of the banking crisis is coming after the quiet period that has prevailed since June. This new crisis will be focused on about 20 banks with 200 to 900 billion in assets, the so-called mid-sized regional banks that are not too big to fail. Crises of this sort can feed on themselves and cause losses that go far beyond the particular banks that may be the most vulnerable. A new global banking crisis could be the result. And the last part of this is markets. All of the above predictions involve turmoil in either domestic US politics, international macroeconomics, ongoing wars or a potential financial meltdown, starting with the banking system. With that as a background, my market predictions are fairly straightforward. This is the last part. All good bullet points here.
Speaker 1:2024 will be a difficult year for stocks. The market could decline at least 30% in a recession alone and as much as 50% if either Ukraine or the Israeli war escalates or a global financial crisis emerges. The major sectors will outperform even in a falling market, and that's energy, defense, agriculture and mining. 2024 should be an excellent year for US government securities. Global maturities will produce decent yields and capital gains as interest rates decline, going into a recession. Basic commodities such as copper, iron ore, coal, nonprecious metals and agricultural produce will generally decline as the recession unfolds. Gold and silver should perform well based on declining interest rates and a flight to quality. Energy will be volatile. I will tend to go based on economic weakness, but occasionally rally on geopolitical fears. The investment choices are clear it will be a bad year for stocks, a good year for Treasury securities and a down year for commodities. Except for energy and gold, the winners will be Treasuries, gold, oil and King Dollar. Put your crash helmets on for a wild ride in the coming year.
Speaker 1:I thought this was a good overview of what we're looking for and what is on the horizon for 2024, which is going to be I agree with Rickard's here A lot more chaos. Especially, you've got this selection coming up. You've got the big election, which is we're going to spend more money than ever, because we always do every election cycle. It's going to be very partisan. It's going to be very ugly. You've still got all of these periphery issues going on geopolitically, which you've got the decline in the use of the dollar. You've got still the emergence of the BRICS nations the article I talked about on Lou Rockwell that came out showing the new president of Argentina there's some ties to his candidacy the IMF, blackrock, the fact that Argentina was about to be in the sphere of BRICS, which is Brazil, russia, india, china, south Africa. Major coup, it looks like on the part of the IMF, because now Argentina is going to be replacing its peso and bringing in it looks like the dollar. This forecast that Rickard's has he didn't mention Argentina, but he talked about the dollar.
Speaker 1:I still think, short term, this is an ongoing currency war on who is going to be the president. Has the financial systems, the backbone, like the SWIFT system for global dominance. That really is what drives the strength of the US dollar. It's why, in my opinion, you had drone Powell raising rates faster than any time in history, because it wasn't necessarily about the US economy, which was puttering along after the massive amount of currency injection, which is historic, has never happened before, the trillions and trillions ejected to the economy. We had inflation. Of course, that was a somewhat of a response to internal domestic inflation, but it was really a response to global strength and purchasing power of the dollar. In my opinion, that was a global strategic move that put the US economy second, and it's all about King dollar.
Speaker 1:All right, I want to thank everybody again for being here. This is an interesting time slot. I'm not used to broadcasting at this time, but I think it's a good time to start the tone for the week. We can go through some stories, at least the macro, big picture stuff gold, silver, bitcoin, little known meme coins I want to do We'll get to it at the end of the show there's a meme coin that's up that is doing really well. You guys can go check it out, but I'll give you my opinion on meme coins and FOMO and all that stuff. When it comes to crypto, love crypto. There's a lot of that kind of stuff in there. Some of it's silly, but none of it's evil in my opinion, not like Fiat currency.
Speaker 1:All right, let's jump right into some of the stories on gold. I saw David Knight was covering this today and I want to talk a little bit about it. This is Costco and this is a story the story's been out for a bit I mean, it's been in my radar for the better part of the last month or two but it's gaining traction and I think it says a lot about the consumer. Even the average person is starting to notice something's wrong with the currency. Now let's talk a little bit about it. So CNBC Costco sold more than 100 million in gold bars last quarter. Costco Chief Financial Officer Richard Galanti said Costco sold more than 100 million in gold bars during its most recent quarter.
Speaker 1:The one ounce gold bars typically sell out within a few hours after they are loaded to Costco's website. Customers are limited to two bars per Costco membership. Costco has found a new hit with online shoppers gold. The retail warehouse giant sold more than 100 million of the precious metal in its first quarter, which ended or in its fiscal quarter, excuse me which ended November 26th. Costco Chief Financial Officer Richard Galanti told Analyst Air and the company's earnings call Thursday.
Speaker 1:The one ounce bars typically sell out within a few hours after they are loaded onto the website. The gold bars were listed at a price of 2,069.99. And I believe these are ran refinery bars out of South Africa and I, like the ran man, I buy ran bars all the time. Of course, customers are limited to two bars per membership and of course, they're priced at 2,069 when the latest spot price was 2,020. So basically, 50 bucks over spot. That's a good price. That's a good price. I mean. Bars are typically going to be your best bet if you wanna get quality gold, knowing that you got 24 carat 999, one ounce that's sourceable gold. Bars are a good way to go because you're gonna pay a little bit more premium on a coin, especially something like an American Eagle. So 50 bucks over spot is pretty good. That's a good price. However, you are limited to two bars and probably limited to that one particular type of bar. Still, a good price. Members generally seem satisfied with their purchase, with a 4.9 star rating on Costco's website and nearly 800 reviews.
Speaker 1:Some customers did complain about stiff state sales tax. Oh yeah, that's another thing. If you're buying within a state, a lot of times they and depending on how you buy your gold and what type of online platforms you use you could owe sales tax and then that just kind of defeats the whole purpose of using your Costco. And it's why they don't have gold and silver exchanges in places where they have sales tax in that state, because why would anybody buy that? Spot gold prices have jumped about 12% this year.
Speaker 1:Jp Morgan is forecasting a breakout rally for the precious metal in 2024, with a peak of 2,300 an ounce as interest rates are expected to fall, according to the bank's commodities outlook. Now remember the all-time high was broken. What two weeks ago? And I think that just the beginning. I don't know what the price is gonna be. I'm. It's not an investment show. This is more like looking out for your savings. It's a protection. It's a protection show. The investment bank said gold could retreat to 1,900 an ounce in the coming months, but that would set up investors position for a rally in 2024.
Speaker 1:So even places like Costco are getting into the gold business and this is indicative, I think, of where we are. I mean, these are the signposts, the things to pay attention to by the time that society catches up to where I think a lot of us are, and especially my audience. And what we're talking about. We're a niche. We're on the cutting edge of what's going to be we're talking about. This might as well be a show three, four years from now, but we're here and we're positioned to at least be a little bit ahead of the ball, which is always my goal here at WiseWolf.
Speaker 1:None of my stuff well, none of my interviews, none of the Intel or anything is all open source and we will never put anything behind a paywall. If you wanna support the program, you can support WiseWolf or join Wolfpack, and we'll talk a little bit about that here towards the end of the show. I got a little bit of time left, but I think this is where it's an important story to cover. If you've listened to my podcast, I even bring like I just gave their prices. I would tell you what. Usually when people call me, I'll look at competitors. We can't always beat every price, but it's important just to know the Intel.
Speaker 1:I've had people that had their own exchanges come on my show. Much, much bigger outfits, those in the mining sector and storage, all of that. International traders I've had them on my show as well, even though they competed with me, because I wanna know what they know. I wanna know what their outlooks are, because really it's about winning. It's about us winning through the next downturn which is on the horizon, folks, and there's no getting out of them. Even you can have a somewhat stable outlook and it's still declining purchasing power of the dollar. So what do you do? All right, moving on in the realm of precious metals, we're gonna I'm gonna knock out all these articles today. I think I'm gonna get there and we will talk about Wolfpack and some of the deals I got going on, still in time for the holidays to get those products shipped, because I got the crews coming in. They'll probably be falling into the store sometime in the next 10, 15 minutes, so you might see me wave a bit when the crew's coming in to pack Wolfpack packages.
Speaker 1:All right, this was an article I found on Silver. Let's put their Silver's window. You know a lot of these market analysis are based off of the spot price in ETFs. Still fine, because they're tracking spot and what's happened to Silver in the spot market. But you guys know there's something I think in Silver.
Speaker 1:I'm a big Silver advocate just based off of all the needs. I know the supply, I know the numbers and they're just not enough. We just right off the bat, there's something with Silver. The gold-Silver ratio is skewed. So I like articles that are talking about the opportunity in Silver because I think it's the opportunity of opportunities as far as getting into something, you know that is soft as far as the commodity. It may not be like a crypto that's gonna go parabolic or something like that, but Silver has massive upside.
Speaker 1:Silver's window of opportunity is closing, with prices poised for an explosive move in 2024. This is according to MarketWatch. Silver prices could be headed for an explosive rise in 2024. If global supplies continues to fall short of demand and the Federal Reserve makes good on its plans to pivot to interest rate cuts in the coming months, they will. By the way, according to metal market analysts, while Silver this year has underperformed gold, which saw prices touch record highs this year, the opportunity to snap up Silver at bargain prices may be brief. The window for buying Silver is in the low to mid-20s and it's ending, said Peter Spina, president of Silver News and Information Provider, silverseekcom. It is likely that prices next year will be pushing up toward the $30 an ounce technical resistance, he told MarketWatch, adding that he fully believes that the price barrier will fall.
Speaker 1:Generally, silver moves with gold much more than with other commodities such as copper or oil, and Silver's moves tend to be bigger than gold's as a percentage. That is true, but there's just something so skewed about the entire Silver setup and I wanna say I did the calculations the other day. I mean we can try it live on there. I did the calculations the other day on the gold-Silver ratio. Let's pull up the calculator, let's just do it together. If we look at the spot price and we can go to goldpriceorg to check out the spot price together, let's do that.
Speaker 1:Let me share my screen real quick. Let's look at Silver. It's down four cents, 23.70. So the price of gold is 2,022 per ounce. We divide that by 23.70. So it's 85.316 ounces of Silver make one ounce of gold, which historically is ridiculous. There's no other word for it. Historically it's just stupid Because if you go back through all of history, it's usually been somewhere around 10 to 20 to one, at 20 being the top. The United States, our country, founded on a 16 to one ratio. That lasted until 1933, when Franklin Roosevelt had you turn in your gold and the American people turn in the gold so they can move it to Basel, switzerland, to the Federal Reserve, and then they raised the price from $20 an ounce, which was set in the late 1700s, to $35 an ounce, which lasted until 1971. So it doesn't make any sense where we are and if you find out.
Speaker 1:There's figures thrown out there through different analysts saying Silver, it for it. You know all the paper markets. For every ounce of silver that's traded so like, it's 250 to one of paper versus physical. That's what I'm, that's some of the I who can prove that. But if you're watching banks like JPMorgan JPMorgan, largest holder of silver in the world do you want prices to remain low until you've accumulated? Do you? Do you want to going back to 2021,?
Speaker 1:This was a really interesting time to watch people try to drive the price up by buying physical silver and even though I couldn't get any physical silver in the short run at the time when people bought it all up, the price went down the next day. That, to me, was the tell. There's something strategic with the giant banks, possibly governments. It's something that happened in 1980 with the Hunt family when they drove silver up to $50 an ounce, which would be like 200 to $250 today. So there's something to that. They were ruined for that because it shows the weakness in the dollar. And again, gold. The dollars at war with gold, the dollars at war with value. Because it is. It is King dollars, the. It is the world's reserve currency. They do not that shall have no other currencies before me says the dollar, even though that is waning. So I agree with this article, but much more to dig into with silver, and we'll do that here on the show. All right, I'm going to get all these articles, so don't go so speak about crypto.
Speaker 1:Now, the way I had in my mind when I set up this program, when I wanted to, I combine the two things, which you don't find any other podcasts to do that or radio shows, because it's a different audience you guys need. I think it's the same because it, whenever we can talk about new systems of currency, currency and money are two different things. They can be the same thing but, like the dollar is not money anymore. Gold is money, silver is money. Technically, bitcoin's money, and that's a debatable thing, but technically right Because it's fine and it takes energy and all that we can get into the needs on Bitcoin. But there's there's an emerging set of currencies which are crypto. I was part of the first Bitcoin ATMs that were putting out, that were put out in this country back in 2016,. When you really started seeing that ramp up, I got to learn a lot kind of crash course on Bitcoin and some of the other periphery tokens.
Speaker 1:I like crypto, but this is where you know we're going to especially if you go subscribe to the podcast, there's going to be even shorter interviews. I want to bring on people that are passionate about whatever coin. We'll bring on Bitcoin maximalists. We'll bring on crypto traders. I'll bring on some of those.
Speaker 1:I want to hear their thoughts, because a lot of this is just skepticism of the monetary and banking system, which I get. I believe is evil. I don't don't pull punches. You're talking about a system that is designed to enrich those at the very, very top and create worker drones, serfs out of the rest of us that were always, just constantly chasing the dollar and it's constantly losing value. Then they want you to well, don't worry about that Jump into our financial products that we created. Notice, when they created all the financial products is when, after they decoupled the dollar from values, to kind of give you the illusion that you're keeping up. It's really not. I think crypto is an answer to that. Bitcoin is certainly an answer to that. Whoever or whatever Satoshi Nakamoto was after the 2008 debacle and the release of that, I think we're just watching something which I think is a natural reaction to cryptography. This has nothing to do with central bank digital currency, which I am an opponent of. Actually, I'm a mortal enemy. I'm a nemesis to central bank digital currency, and you should be too.
Speaker 1:But the crypto space is fun and can be very dangerous. Let's look at one of these articles here. I want to show you guys. This is one of the meme coins. There's a new meme coin. It always has a dog. Hold on, let me pull this up. This is a crypto trader turns 1000 into 100,000 and Solana's newest meme coin dog with hat it's DOGWIFHAT. Like it or not. This is off of coindeskcom. By the way, crypto, this is a meme coin, like it or not. Dog tokens are driving big business in the crypto markets. It says dumb money is roaring back into crypto markets, with one trader turning 1000 into well over 100,000 by betting on all things. A token whose mascot is a dog wearing a beanie. Pseudonymus, crypto enthusiast Blockgrays told coin desk. He bought the meme coin DOGWIFHAT WIF in late November, shortly after it debuted on Solana's blockchain's DeFi markets. I thought the DOGWIFHAT was very funny and so I bought some. Noting he's soon realized 25,000 in profits, while letting the rest of his gamble ride in his wallet and a gamble.
Speaker 1:It truly is. Anyone can spin up a cryptocurrency, create a market for it and hope it catches some bids, but those associated with memes, and particularly with memes of the Shiba Inu dog breed, have a tendency to balloon in value and sometimes even endure. Well, it's true. And the problem with that? It's not based off fundamentals and there is a chance. I mean, you're going to see these stories. If you're plugged in, there is a chance you can get major gains. You can go 10x, 100x, you can go parabolic, all this crazy stuff.
Speaker 1:I don't recommend these things, but I think it's interesting to watch. It is troublesome because then you can turn into get into an FTX situation which the bank man friides of the world and all these people that are establishment Do your own thinking. I mean, do these controlled demolitions to take out the legitimacy of crypto and crypto is? It is putting a, it is a shot across the bow of the banking establishment. It's why they're ratcheting everything up. You have the Bank of International Settlements creating their coin. The IMF has the Uni coin. They want to create one coin to rule them all. This is, you know, the Fed now is out through the backbone of the central bank. Digital currency. You have to watch all that because they want to use the technology to put the, the almighty state, in control of the currency, basically bypassing any free market, saying, oh, you love that technology. Of course they tried it in Nigeria and, thank god for the Nigerians, they said, oh, this is garbage.
Speaker 1:We like Bitcoin, which I like Bitcoin too, and we'll cover some more of this kind of stuff on the Weiswulf Golden Crypto Show. Maybe I'll bring on some traders who want to talk about the upside. What's the long term on all these mean type coins? I mean, I'm open to suggestions, but it has to have a function. Bitcoin truly does have a function. There Looks like we got the. We got the crew to. Weiswulf is walking in the door, so you guys may you may hear a little bit of background noise, but it is. It is interesting to watch now.
Speaker 1:Now, just to pose that to something I think that is this is Bitcoin magazine. I thought this was. This caught my eye. Bitcoin magazine put out a, an article. It's just really quick. It's. This is where the mainstream is being codified with. This was such a niche thing. It's like the Wild West for a long time in crypto.
Speaker 1:A spot Bitcoin ETF applicant. Bitwise releases new Bitcoin ETF in a commercial and I'll share my screen with you. It has the Dos Equis man, which you know. By the way, one of the greatest compliments I've ever been paid was by Charlie Robinson, who runs the macro aggressions podcast. He's called me the most interesting man in the world. He said forget the Dos Equis guy, you've got to know Tony Arderman, which I can't believe that. I mean the guy. How do you get called the most interesting man in the world by Charlie Robinson, who had written books on the controlled demolition of the American Empire and had how many guests on macro aggressions A great, smart show, who I and this is someone I proudly sponsored with my company. This is again Bitcoin magazinecom and it's bitwise. They release a new Bitcoin ETF commercial. I'll play this for you guys. Stand by me, put on the screen here. You know what's interesting these days Bitcoin. Look for bitwise, my friends. Well, it is interesting. Well, that is, I think, the ETF.
Speaker 1:Can we all agree that this is going to happen? The spot ETF for Bitcoin is going to happen. Somebody's going to position themselves in the right spot at the right time. It's going to be one of these majors or all of them. Somebody will do this. It just has too much upside for the, for the ruling elite, and they're fighting themselves. It's like schizophrenic. They don't know what to do. It's multiple personalities, personalities fighting each other like well, we want to go with King dollar, but see, bitcoin is a new system. It's going to have that pull those who start drifting over there. It's a completely different setup than you know what.
Speaker 1:Esg is Environmental, social governance. That's turning away from building and production and making things and lowering costs through innovation. Esg is about punishing and using the old debt system to reward those who want to turn away from actually creating anything. Do your homework on this. Esg is the death knell of free markets and western civilization. These kind of things. Bitcoin turns you away.
Speaker 1:So how do we innovate? How do we create more renewable energy? How do we create more verifiable financial systems? How do we get people to have a currency or keeping a currency that doesn't devalue every five seconds because some Bankster, psychopath and in charge of your dollar or your currency keeps bloating it up to pay for a welfare warfare state? These are two. These two things are diametrically opposed. I'm for you know, for the record, I'm going with the new system and I'm going really with the old system at the same time, which I think will merge. It's that this is a byproduct of Gresham's law when bad money enters a system, good money goes into hiding, and I would think that the end result there, the end game of that, is that good money eventually replaces the old system again, the bad money, because that reaches its apex, that you know that the historically fiat currencies are only about 25 years in their lifespan. So we've doubled as the dollar, we've doubled the average, so we're 50 years in plus. Well, it's interesting because the dollar now is the world's oldest fiat currency. Every currency on earth, every government issues fake fiat currency, but the dollar is the oldest.
Speaker 1:And there's something I need to bring this chart on. I always think of this. The last part of the show. We will bring it up next week while we off Christmas, but the next show, the next live show, there's a you can see the hockey stick and it's Global debt. I'm like from recorded history and it, you know it has its ebbs and flows and you see the industrial revolution, it spikes a little bit and there's, you know, war, war two and the Great Depression, and there's global debt. And then it shows 1971 and all global debt and just goes off and crazy into the right into the wild blue yonder and that's global. So it's a global, is systemic, is in everything we do and that's unsustainable. So all of that, the massive amount of debt, everything that's coupled with that, so you need to start.
Speaker 1:This is what my Recommendation is and what I'm doing. I'm just looking at systems. They're outside of that. How do I get outside of that if you in something that our Buckminster Fuller said, people can't get out of the way of what they don't see coming. So what is coming? Well, it's. They tell you there's a great reset and I can't stop it and neither can you. They're, they're implementing that. Whether or not it's successful in the way they want it to be, that's up to us, but they're doing it and this is a collaboration of the major banking consortiums and combines, combined with the governments right to, to implement a new financial world order. And that will happen and that will happen, they hope, on their systems. You know one coin to rule them all everything cracking back to the IMF and the Bank of International Settlements. These are not solved because you have In this, in a another system opposed to that inside of it is the bricks, which has more population.
Speaker 1:It doesn't have the same economic strength, but when you combine them, it certainly does rival. So we've got a lot that nothing is set. There's like Terminator 2 there is no, there's no fate. No fate, but what we make, and that's exactly what's happening here. You're watching the end and the.
Speaker 1:This has nothing to do, in my opinion, with I'm looking at history, I'm not looking at bull markets and what somebody asked Peter Schiff the other day is this the the end of Gold's bull run when it hit the all-time high? And he's like no, it's the beginning. And I said, actually, it's something else. It's you're watching a system, a pass away and it happens. If you watch history, there's a something that Hemingway said about how people go bankrupt. It's gradually. Then suddenly it just starts to the foundation shake and then it's off to the races. You see, the opportunity will be in there for these other nations and new systems. So, oh, you know my opinion on the Bitcoin ETF. You know this is this is something that's been going on for a while. This is this is something that's going to happen, this is something that we're going to have.
Speaker 1:All right, folks, we've got a little bit of time left, I want to make sure that I plug for White's wolf gold and silver and you know we're not Costco, we don't limit you to two bars. As a matter of fact, if you want to Lock in a trade, you can lock easy. That's a difference in my company. In a lot. You can call me if I know you, if we've have any sort of relationship at all, I can lock in a price for you. So if you've got the need to to buy some gold, you see the price is falling or whatever, or the it's it's at that sweet spot for you. Same thing with silver. I can lock it in with one of my Wholesalers or the dowels, gold and silver trading floor. Lock it in, it's done. You just got to pay me and then we Get it off the floor, get it shipped to you insurer.
Speaker 1:Are we going to compete with cost goes prices all the time? No, of course not. That's really hard to do. They're a you know multi national. I'm sure they have some sort of deal with whatever refiner they're in. But we can come close and we can do things like free shipping. Another thing you can do is dollar cost average and you can go through our wolf pack program and I did the inverse of what a lot of these gold dealers do. I went and said if, if you think you can't afford precious metals, you're wrong, because I make it to where you can go. It's lowest 35 bucks a month. That's for the wolf cub, that's for the kids, but it's 50 bucks a month. That the base program For lone wolf. That's the lone wolf program. It's mostly silver.
Speaker 1:You get some gold back sometimes. I try to every once in a while to throw in a small gold coin or something. It's hard to do with these prices and premiums. They're nuts right now, but we have done that in the past. That's why gold backs are really useful in that way where you can get a, you know, get that gold, 24 karat paper, you know, whatever it is, the, the note itself is made of 24 karat gold, really cool, and those are acceptable in states like new hampshire and wyoming and and nevada. We we deal with those here. So it's the inverse of a lot of the gold dealers out there.
Speaker 1:I saw an advertisement that I said if you got 10,000, give us a call. Not everybody has 10,000 and you can, you know, get in and out. You can upgrade. There's no contract. We make it really really easy. So go to our website, any you know wisewolfgoldensovercom. You can check out the links to wolf pack or you can just go to wolf pack, got gold, go direct to the site. So we've set that up, made it really easy and in time for the holidays too. Just, I mean, we still got. If you order today, I'm pretty sure I can get it out Before christmas. So, but it would have to be the next couple of days we have so you can buy one time. You don't have to buy the membership and buy one time, and that goes all the way up to, uh, to a thousand bucks, all right.
Speaker 1:So the chat I didn't get over the rockfinch chat but I want to say hi to everybody. Uh, jeckos and the chat, free thinker and keith s Is. I'm just waiting for the mark, the quotations, the global cbdc coin. Yeah, that's the mark I. I agree with that. The toly satanic, uh cbdc, it's just. Uh. There's my friend to mention charlie twice in the show, charlie robinson. He said that's the hill to die on. Uh, appreciate everybody.
Speaker 1:On the rockfinch chat yeah, so we'll be here uh 11 am, uh, 12 eastern, every monday, uh, monday's metals monetary system or something I can do with that, maybe in the, the updated intro. And, of course, uh harps over in the youtube chat, gam woofers and Is uh, yes, so much gold sold at cosco. That's really telling, says gam, and he says wolf pack. I appreciate you being a wolf pack member. Yeah, thank you so much. Well, we'll be back, not just coming monday, um, but we will be back that following. Look to the podcast channel for little shorts. I might find articles that I want to go over. I missed one today. There was a few things that I wanted to talk about, but check out the podcast channel. Leave us a review, there'll be more content over there. And, of course, the art of burn radio transmission and paratrooper. Uh, we, we broadcasted live on free world dot fm today. Please go and check that out as well, and I appreciate all of you, uh, who joined. Remember, in a world of bulls and bears, be the wolf. Merry christmas.