Latest / The Paul Barron Crypto Show / Could $UFD Hit $1 Billion?🦄Gold vs Meme Coins w/ Rons Basement

Transcript

Could $UFD Hit $1 Billion?🦄Gold vs Meme Coins w/ Rons Basement · The Paul Barron Crypto Show

• 0:06
  Speaker 1: The mean coin market and also gold have something in common.
• 0:09
  Speaker 1: Now we're going to break it all down for you
• 0:10
  Speaker 1: guys today. It's going to be a fun one. You
• 0:12
  Speaker 1: don't want to miss it. My name is Paul Barrew.
• 0:14
  Speaker 1: Welcome back in a tech path. Let's get started. I
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• 0:52
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• 0:55
  Speaker 1: I want to go into a phenomenon that has been
• 0:58
  Speaker 1: happening for really about the last six to eight months.
• 1:01
  Speaker 1: And we've seen meme coins before. In the previous cycles,
• 1:05
  Speaker 1: coins like Dosee and of course Pepe were some of
• 1:08
  Speaker 1: the more consistent projects that were out there. But this
• 1:11
  Speaker 1: cycle has been a complete new phenomenon that has happened.
• 1:15
  Speaker 1: And if you look at the twenty twenty four Meme
• 1:17
  Speaker 1: total growth market, I mean we were talking about an explosion.
• 1:21
  Speaker 1: As you can see just in the number. This is
• 1:24
  Speaker 1: in billions right there, one hundred and twenty billion overall
• 1:27
  Speaker 1: in December, all the way from January coming in and
• 1:30
  Speaker 1: around twenty bills So point being is that the market
• 1:32
  Speaker 1: is straight up and a lot of this is done
• 1:35
  Speaker 1: through culture, but it starts to bring in a lot
• 1:38
  Speaker 1: of new ideas and how maybe projects are going to
• 1:41
  Speaker 1: get launched in the future. I want to do a
• 1:42
  Speaker 1: quick video for you guys that is more of a
• 1:45
  Speaker 1: recap on a project that was named UFD. Take a look.
• 1:51
  Speaker 2: I watched the unicorn and puff there goes. That's Jerome
• 1:55
  Speaker 2: Pole in blue. That's what Jerome Pole is doing because
• 2:00
  Speaker 2: we know in the long run, it's a bunch of
• 2:02
  Speaker 2: buck right the whole fed unicorn fart dust? Did I
• 2:06
  Speaker 2: tell you I started a mean coin called Unicorn fart dust.
• 2:10
  Speaker 2: This guy is now worth six thousand dollars. I am
• 2:16
  Speaker 2: absolutely in shock with what is going on right now.
• 2:19
  Speaker 2: Obviously we have something very big going on. Press refreshed,
• 2:24
  Speaker 2: we'll get an updated level. Twenty four million dollars. Oh,
• 2:30
  Speaker 2: I mean you know I'm an older guy, right, I'm
• 2:33
  Speaker 2: fifty four years old. I've been working down here in
• 2:35
  Speaker 2: Ron's basement for three years, seven days a week. I'm
• 2:39
  Speaker 2: just overwhelmed. I'm gonna update this. Wow, an eighty one
• 2:44
  Speaker 2: million dollar market cap. Guys. Wow, I don't know what
• 2:49
  Speaker 2: else to say. Okay, I'm a gold and silver guy.
• 2:54
  Speaker 2: That's what this channel was built on. And I think
• 2:58
  Speaker 2: I've been proven wrong. Definitely. I don't check that often
• 3:02
  Speaker 2: because I have high blood pressure, and so I'm gonna
• 3:04
  Speaker 2: update this. Here. We are one hundred and thirty six
• 3:07
  Speaker 2: million dollars. Like I said, I didn't sleep much last night.
• 3:11
  Speaker 2: First night. I didn't know what I was doing right.
• 3:13
  Speaker 2: This was all just an utter shock. I sold half.
• 3:15
  Speaker 2: I started out with one point two percent, just a
• 3:19
  Speaker 2: little over one percent of the coins. But this guy
• 3:23
  Speaker 2: emails me last night. He's like, you should tell everybody
• 3:26
  Speaker 2: that you're not gonna sell till you get to a
• 3:28
  Speaker 2: billion dollar market cap. You're not gonna sell. And I'm
• 3:31
  Speaker 2: like a billion dollar market cap crazy talk. But then
• 3:35
  Speaker 2: I thought about it, like I said, like five days ago,
• 3:38
  Speaker 2: this was nothing. Who's to say?
• 3:42
  Speaker 1: And you guys maybe have seen it out there if
• 3:44
  Speaker 1: you're following our channel, you're following a lot of the
• 3:45
  Speaker 1: memes top projects, and UFD was one that of course
• 3:48
  Speaker 1: did explode in a very no pun intended in a
• 3:51
  Speaker 1: very unique way, and of course has really started to
• 3:54
  Speaker 1: kind of break the break the meme world. So we
• 3:56
  Speaker 1: wanted to bring Ron in and kind of dive in
• 3:59
  Speaker 1: a little deeper. So let's welcome in Ron Brands. That
• 4:02
  Speaker 1: are great to have you on the show.
• 4:03
  Speaker 2: Man, Hey Paul, thank you, Thank you for having me
• 4:06
  Speaker 2: and my entire Duster community with you. I like it.
• 4:09
  Speaker 2: Thank you.
• 4:10
  Speaker 1: Hey listen, Ron, I've looked at your YouTube channel, and
• 4:14
  Speaker 1: first of all, I think you're a golden silver guy.
• 4:17
  Speaker 1: You've been around the markets, you understand economics, you understand
• 4:21
  Speaker 1: the whole concept of what's going on with the FED,
• 4:24
  Speaker 1: how it affects markets in general. And then you go
• 4:27
  Speaker 1: out and do this test with a meme token and
• 4:31
  Speaker 1: you get surprised, which I think a lot of people
• 4:34
  Speaker 1: probably will not realize just how much in terms of
• 4:38
  Speaker 1: a surprise you had. First of all, I know that
• 4:40
  Speaker 1: it was a bit of a crazy ride for you,
• 4:44
  Speaker 1: But was there anything that happened in the first couple
• 4:46
  Speaker 1: of days that really started to shift your thinking about
• 4:50
  Speaker 1: how this culture is working within crypto and blockchain.
• 4:56
  Speaker 2: Yeah, it was the people. It's been shocking from the
• 4:59
  Speaker 2: very get go, Like from the first day when I
• 5:02
  Speaker 2: realized the quality of the people that kind of rallied
• 5:07
  Speaker 2: around this and made it happen, so it just it
• 5:10
  Speaker 2: blew me away. It made it so that I didn't
• 5:14
  Speaker 2: want to sell the remaining zero point sixty five percent
• 5:17
  Speaker 2: of the of the coins that I owned. I mean,
• 5:19
  Speaker 2: the people, the people made this happen. I just kind
• 5:23
  Speaker 2: of created it. It was an experiment. It was something
• 5:26
  Speaker 2: I was interested in. Obviously from following economics, I knew
• 5:29
  Speaker 2: what was going on with with crypto and mean coins
• 5:32
  Speaker 2: even you know, like I just did this little creation
• 5:36
  Speaker 2: experiment and I said, it's unicorn, part dust right, it's crypto,
• 5:39
  Speaker 2: it's nothing, you know, And then this this group of
• 5:44
  Speaker 2: people formed around it. And it wasn't just that it
• 5:47
  Speaker 2: was a group of people. It was that like, almost
• 5:49
  Speaker 2: immediately I recognized that it was like a really nice, good,
• 5:54
  Speaker 2: awesome group of people. So yeah, that's the biggest thing
• 5:57
  Speaker 2: that shocked me definitely.
• 5:58
  Speaker 1: Well, I think, you know, the the thing that a
• 6:00
  Speaker 1: lot of people don't understand is what makes the meme
• 6:03
  Speaker 1: token sector so popular is just like that what you
• 6:07
  Speaker 1: were talking about is the communities that are built around them,
• 6:10
  Speaker 1: and in many cases it launches many other components. We'll
• 6:14
  Speaker 1: talk about that in a minute, because we've seen a
• 6:15
  Speaker 1: lot of meme projects that have graduated from what was,
• 6:19
  Speaker 1: you know, a basic non utility meme token to where
• 6:22
  Speaker 1: they've started to elevate into a lot of other areas.
• 6:25
  Speaker 1: We'll talk about AI, gaming, all that kind of things,
• 6:27
  Speaker 1: as well as brand ip. I was looking at the
• 6:31
  Speaker 1: market cap right here on quin Get Go. This meme
• 6:33
  Speaker 1: token at one point on December twenty first hit a
• 6:36
  Speaker 1: two hundred and nine million dollar market cap, dropped down,
• 6:41
  Speaker 1: came back up, retested about one ninety three on Christmas,
• 6:45
  Speaker 1: and then of course we've seen it come down and
• 6:47
  Speaker 1: kind of stabilize around seventy to eighty million in terms
• 6:50
  Speaker 1: of market cap. So, first of all, how many content
• 6:53
  Speaker 1: or how many tokenholders do you have right now?
• 6:56
  Speaker 2: I think it's like thirty four thousand. Remember I'm only
• 6:59
  Speaker 2: four teen fifteen days under this, but I'm real confident
• 7:03
  Speaker 2: that it's over thirty thousand, and I believe closer to
• 7:06
  Speaker 2: thirty four thousand. What we like to call dusters, right,
• 7:09
  Speaker 2: people that are Unicorn park dusters like our community.
• 7:12
  Speaker 1: So yes, when you okay, so you've already started to
• 7:15
  Speaker 1: do some things that kind of connect the community with
• 7:18
  Speaker 1: what you're trying to achieve. There. When you look at
• 7:21
  Speaker 1: what you've seen so far in crypto versus what you've
• 7:24
  Speaker 1: seen over many years in silver and gold, is there
• 7:28
  Speaker 1: any comparison to the kind of investors communities that are
• 7:32
  Speaker 1: coalescing around those.
• 7:34
  Speaker 2: Yeah, yep, yep. You know, I was a long time
• 7:36
  Speaker 2: and still am a lover of silver and gold and
• 7:39
  Speaker 2: precious metals, and I've always said, you can check my
• 7:42
  Speaker 2: old videos that the crypto community and the silver and
• 7:47
  Speaker 2: gold community, they share like ninety nine point six percent
• 7:51
  Speaker 2: of the same beliefs, like why they're doing what they're doing.
• 7:54
  Speaker 2: They don't believe in the Fiat money system, They're worried
• 7:58
  Speaker 2: about the national debt, all that stuff, Yeah, there's there's
• 8:01
  Speaker 2: massive similarities. There's a segment of of of the maybe
• 8:06
  Speaker 2: both of the communities that really they just don't agree
• 8:12
  Speaker 2: on what they do, what action they take, how they
• 8:15
  Speaker 2: what they do to protect themselves. Right, Like, there are
• 8:17
  Speaker 2: some diehard gold and silver people are like only gold
• 8:20
  Speaker 2: and silver period. And I was quite honestly pretty much
• 8:23
  Speaker 2: in that camp, you know, and I was softening a
• 8:28
  Speaker 2: bit over the last year or so. And it does
• 8:30
  Speaker 2: I will say this. Another thing that has surprised me
• 8:33
  Speaker 2: is the level of interest in the crypto community in
• 8:37
  Speaker 2: gold and silver that there seems to be a lot
• 8:40
  Speaker 2: of people in crypto that are that are hearing them. Yeah,
• 8:43
  Speaker 2: good crossover. So some people have said that I can
• 8:47
  Speaker 2: be a bridge, and I'd say, well, I'm not the bridge.
• 8:50
  Speaker 2: I'll be I can be part of the bridge to
• 8:52
  Speaker 2: kind of bridge that gap between precious metals, uh in crypto,
• 8:56
  Speaker 2: and I'll just do what I can. I mean, I do.
• 8:58
  Speaker 2: I love, you know, I love. This has been just
• 9:02
  Speaker 2: a crazy good experience for me with Unicorn, fart dust
• 9:06
  Speaker 2: and just learning about you know, I learned. I learned
• 9:11
  Speaker 2: after I created the token that there's only nine hundred
• 9:14
  Speaker 2: and ninety nine million of them available, and that's all
• 9:16
  Speaker 2: that will ever be available. So you know, there's no
• 9:20
  Speaker 2: dilution of Unicorn fart dust. I can't be Jerome pol
• 9:23
  Speaker 2: and say, hey, you know what, I think I'll make
• 9:25
  Speaker 2: another one hundred million or anything like that, right, So
• 9:28
  Speaker 2: I'll get Jerome out for you, Paul, I know you
• 9:30
  Speaker 2: want to see him. I'll get Jerome out for you
• 9:33
  Speaker 2: in a second. Sorry.
• 9:33
  Speaker 1: Well, really, the cool thing I think that a lot
• 9:36
  Speaker 1: of people don't understand is the ability for a lot
• 9:40
  Speaker 1: of these meme communities to really start to accelerate. And
• 9:43
  Speaker 1: this is not only something that's happening here in the
• 9:45
  Speaker 1: United States. This is a global phenomenon that we've started
• 9:48
  Speaker 1: to see and I think it's probably going to be
• 9:50
  Speaker 1: a position where it starts to allow small startup companies
• 9:54
  Speaker 1: and others, you know, really move into maybe next generation funding.
• 9:58
  Speaker 1: I was looking at a tweet. You guys had explain
• 10:00
  Speaker 1: to me what you're doing with the with the Honda.
• 10:04
  Speaker 2: Well, I'll make it quick. I got. I received an
• 10:06
  Speaker 2: email Sunday night, and I won't They've asked me not
• 10:10
  Speaker 2: to disclose who they are, but they're real people. They're
• 10:14
  Speaker 2: awesome people. Uh, they are here in the United States,
• 10:17
  Speaker 2: and they were like they you know, I think they
• 10:19
  Speaker 2: have a real successful business. They they're part of our
• 10:22
  Speaker 2: you know, it's not my community, our community, right. I didn't,
• 10:27
  Speaker 2: I really didn't make this happen. But they were like,
• 10:29
  Speaker 2: we are going to build the uh when. We haven't
• 10:33
  Speaker 2: decided on the official name yet, but for now, we'll
• 10:35
  Speaker 2: call it the Unicorn Fartmobile, which is a Honda fit
• 10:38
  Speaker 2: that's going to be made up to look like a
• 10:40
  Speaker 2: unicorn with a big horn on it, an actual physical
• 10:44
  Speaker 2: horn like a unicorn has. But then the actual horn
• 10:47
  Speaker 2: instead of going beep beep when I press it, it's
• 10:50
  Speaker 2: going to let out like the most loud the fart
• 10:53
  Speaker 2: heard around the world, and maybe bubbles will come out
• 10:56
  Speaker 2: the back or or you know, like fog they use.
• 10:59
  Speaker 2: So it's going to be so something that I can
• 11:00
  Speaker 2: maybe bring to college campuses or bring to elementary schools
• 11:05
  Speaker 2: because to spread like a message. The community has been
• 11:09
  Speaker 2: built on goodness, kindness. You know, we have a lot
• 11:13
  Speaker 2: of fun. I mean, if you want to laugh, go
• 11:15
  Speaker 2: look at some of the memes these guys come up with.
• 11:17
  Speaker 2: I've been put in every situation imaginable with AI. So
• 11:21
  Speaker 2: what i'd like to, you know, my vision for that
• 11:24
  Speaker 2: is to bring it, like maybe to elementary schools and
• 11:26
  Speaker 2: talk to kids about don't give up on your dreams,
• 11:28
  Speaker 2: don't you know in goodness and that and it's just
• 11:32
  Speaker 2: unbelievable what these people are doing. And the cool thing is, Paul,
• 11:36
  Speaker 2: that you know, whatever the coin price is right now,
• 11:39
  Speaker 2: sixth cents, if you want to be a part of
• 11:41
  Speaker 2: the Duster community, you know, you can spend as little
• 11:44
  Speaker 2: as six cents and then you can just jump right in.
• 11:47
  Speaker 2: Get your horn, get your horn. Yeah, sorry, I like it.
• 11:50
  Speaker 1: Well you First of all, it's good to see such
• 11:53
  Speaker 1: a you know, a passion for it because I think
• 11:56
  Speaker 1: that's one of the things that people start to realize,
• 11:59
  Speaker 1: you know, when they kind of venture into crypto for
• 12:01
  Speaker 1: the first time, they actually have control for the first
• 12:04
  Speaker 1: time in their life in many cases, and start to
• 12:07
  Speaker 1: realize what financial freedom is. So I think this is
• 12:09
  Speaker 1: a big it's a big step in the right direction
• 12:11
  Speaker 1: for you. Looking at this chart right here, this was
• 12:14
  Speaker 1: something that I think a lot of people don't realize,
• 12:16
  Speaker 1: and that is how people will raise money for projects
• 12:19
  Speaker 1: and companies and development. Many of the markets that we've
• 12:23
  Speaker 1: gone through in the past. If you look at this
• 12:25
  Speaker 1: chart traditional markets, there's kind of been this revenue and
• 12:29
  Speaker 1: operational history, compliance audits, licenses, you know, institutional investment, multiple
• 12:35
  Speaker 1: funding rounds. You know, all this is typical if you're
• 12:37
  Speaker 1: out there trying to raise money right now, and then
• 12:38
  Speaker 1: this thing called an IPO. But now in the crypto markets,
• 12:42
  Speaker 1: you get a smart contract deployment, which is what you did.
• 12:45
  Speaker 1: You get in social capital formation, which is building a community,
• 12:49
  Speaker 1: and then you generate decentralized trading, which is the platform
• 12:53
  Speaker 1: where your token can go out, and then bam, you've
• 12:55
  Speaker 1: got value creation and distribution that starts to basically all
• 13:00
  Speaker 1: allow projects and communities to build something bigger. First of all,
• 13:04
  Speaker 1: I know it's brand new, just a couple of weeks
• 13:06
  Speaker 1: old for you. Have you started to think about some
• 13:10
  Speaker 1: of the projects and maybe some of the initiatives that
• 13:12
  Speaker 1: you're going to do in the.
• 13:13
  Speaker 2: Future, maybe a little bit. I think what I feel
• 13:20
  Speaker 2: is what you just described, that there's like massive potential
• 13:25
  Speaker 2: for this. But right now, I mean the way it
• 13:28
  Speaker 2: feels like to me that like a little baby unicorn
• 13:31
  Speaker 2: got dropped off at my front door. And right now,
• 13:35
  Speaker 2: I mean, Paul, I knew nothing about this. I did
• 13:37
  Speaker 2: not have a crypto wallet sixteen days ago. Okay, so
• 13:40
  Speaker 2: I'm overwhelmed, and I think the most thing, the most
• 13:44
  Speaker 2: important thing that I can do right we have a
• 13:47
  Speaker 2: Twitter page, I do daily live streams, is stay in
• 13:51
  Speaker 2: my lane. Sure you know, my mind thinks, oh I
• 13:54
  Speaker 2: could maybe someday I can open a Unicorn fart doest
• 13:57
  Speaker 2: amusement park and people that own the coin and get
• 14:00
  Speaker 2: in for free and everybody else. I mean, I mean,
• 14:02
  Speaker 2: but really, I mean, that's just my brain's always been
• 14:05
  Speaker 2: that way. I'm a big thinker. What's so important right
• 14:08
  Speaker 2: now for me and what I owe to this community
• 14:11
  Speaker 2: that made this happen is to stay in my lane
• 14:15
  Speaker 2: and keep doing what I'm doing, and be very smart
• 14:18
  Speaker 2: and strategic about any moves that I make and how
• 14:21
  Speaker 2: they would impact Unicorn part Desk. Because those people made
• 14:26
  Speaker 2: this happen. I didn't make this happen. I take full responsibility.
• 14:30
  Speaker 2: And I've said that from people like why aren't you
• 14:33
  Speaker 2: making as much gold and silver content. I'm like, because
• 14:35
  Speaker 2: I had a baby, an unexpected baby, and I'm going
• 14:37
  Speaker 2: to take care of it, and because I want those
• 14:40
  Speaker 2: people they need to be treated the way that I
• 14:43
  Speaker 2: would want to be treated so I you know, look,
• 14:45
  Speaker 2: I only own point sixty five percent, but to me,
• 14:48
  Speaker 2: that's my biggest single investment, and not just because of that,
• 14:52
  Speaker 2: just because you know, people, real people all over the world,
• 14:57
  Speaker 2: like you said, I'm getting stuff from Japan and South Korea,
• 15:00
  Speaker 2: Australia are are are are becoming part of this group
• 15:04
  Speaker 2: and are putting their faith in me that I'll be honest, right,
• 15:07
  Speaker 2: I'll have integrity and that we'll enjoy some prosperity together.
• 15:11
  Speaker 2: So for right now, I'm focus on that. Sure, there's
• 15:14
  Speaker 2: a lot of exciting things, but I want to cultivate
• 15:18
  Speaker 2: very very very carefully what we have here because there
• 15:21
  Speaker 2: are so many people. These people are doing incredible things
• 15:26
  Speaker 2: in terms of the work that they're putting in, and
• 15:30
  Speaker 2: you know, I think together, right, just focusing on this
• 15:33
  Speaker 2: you can go real, real far.
• 15:35
  Speaker 1: And if you look at what we're seeing now, that
• 15:38
  Speaker 1: is kind of these cross sectional capabilities of where memes
• 15:42
  Speaker 1: can go. This is a good example for those of
• 15:44
  Speaker 1: you watching right now. You know you've got the variations
• 15:47
  Speaker 1: of the themes of most of the tokens that have
• 15:49
  Speaker 1: been out there. Then the cultural aspect internet memes would
• 15:53
  Speaker 1: be where I think UFD faults and then the whole
• 15:56
  Speaker 1: idea around social media trends, et cetera. But the point
• 15:59
  Speaker 1: is is these Crossford cross verticals, AI, NFT gaming, those
• 16:03
  Speaker 1: are just some that we're most likely going to see
• 16:05
  Speaker 1: a lot of meme tokens kind of go to the
• 16:07
  Speaker 1: next level or go as far as the AI agents,
• 16:11
  Speaker 1: which is really where you know, meme tokens themselves kind
• 16:13
  Speaker 1: of begin to take take form. Here's Toshi over on virtuals.
• 16:18
  Speaker 1: Just to give an example. This is now Remember guys,
• 16:21
  Speaker 1: this was a meme token out there on base and
• 16:24
  Speaker 1: now is on virtuals, which is another project around AI,
• 16:28
  Speaker 1: especially around AI agents, which I think will be a
• 16:31
  Speaker 1: huge opportunity for even what you guys are doing over
• 16:34
  Speaker 1: on UFD for sure. So kind of curious, do you
• 16:37
  Speaker 1: have any solana an you own the token?
• 16:41
  Speaker 2: Well, I believe I do. You know. I watched a
• 16:45
  Speaker 2: ten minute YouTube video sixteen days ago about how to
• 16:48
  Speaker 2: launch a meme coin on pump dot. Fun part of
• 16:52
  Speaker 2: that was I had to open a wallet, which I'd
• 16:55
  Speaker 2: never had before. And I'll tell this story one more time.
• 16:57
  Speaker 2: The YouTube video said you're going to need your wallet,
• 17:00
  Speaker 2: So I ran upstairs and grabbed my boom or wallet
• 17:03
  Speaker 2: and came down. I thought, how's this guy? What does
• 17:05
  Speaker 2: he need my wallet for? But so what did you
• 17:08
  Speaker 2: ask me? Do I own Solana? Yeah? Sana? And then
• 17:12
  Speaker 2: and then Paul, the worst part was, which is a
• 17:14
  Speaker 2: blessing in disguise financially for me, is when I when
• 17:20
  Speaker 2: I was funding my wallet, I guess you would call it.
• 17:22
  Speaker 2: The minimum amount that I could do was one hundred
• 17:24
  Speaker 2: dollars because I'm a very frugal guy. If they'd let
• 17:28
  Speaker 2: me just do twenty or fifty, I would have done that.
• 17:30
  Speaker 2: And then once I had I think I bought half
• 17:32
  Speaker 2: a Soalana if I remember. And then when pumped out
• 17:36
  Speaker 2: fund said how much do you want to put into
• 17:37
  Speaker 2: your coin? I was like, I don't know what I'm
• 17:39
  Speaker 2: ever going to use the Salana thing for again, So
• 17:41
  Speaker 2: I thought, put it out, forget it. I'm gonna put
• 17:43
  Speaker 2: it all on the line, baby, And uh, so I
• 17:47
  Speaker 2: told that. I was talking to a guy last night
• 17:49
  Speaker 2: who knows the the I think it was through a
• 17:52
  Speaker 2: thing called moon something that I funded it, and he's like, oh,
• 17:54
  Speaker 2: I know the guy that owns that, And I said, well,
• 17:56
  Speaker 2: tell him to raise his minimum deposit. So next time,
• 17:59
  Speaker 2: you know, so, I tell them it should have been
• 18:01
  Speaker 2: five hundred dollars or something like that.
• 18:04
  Speaker 1: Okay, So, Ron, when you look at the comparison of
• 18:08
  Speaker 1: the new evolution of technology, you look at the gold community,
• 18:13
  Speaker 1: of the silver community versus what we're doing over here
• 18:16
  Speaker 1: on the crypto side, on the AI side, GPUs in
• 18:20
  Speaker 1: a sense are kind of the new culture of value.
• 18:25
  Speaker 1: For those watching right now, you've probably seen us cover
• 18:29
  Speaker 1: the idea of GPUs versus the value of what gold.
• 18:32
  Speaker 1: Because the next evolution, we think when it comes to technology,
• 18:36
  Speaker 1: especially around blockchain, AI, much of that cloud compute as
• 18:41
  Speaker 1: well as gaming, all those things are going to require GPUs.
• 18:44
  Speaker 1: It's kind of like gold was in the early days
• 18:47
  Speaker 1: when it was made into so many things and it
• 18:50
  Speaker 1: had such a utility. That's what the GPU theme is
• 18:54
  Speaker 1: that I was getting at, so because I think that's
• 18:56
  Speaker 1: the thing. As we see more of that, the value
• 18:59
  Speaker 1: of that is going to be pretty pretty huge. And
• 19:02
  Speaker 1: if you look at tokenization of gold, this is already
• 19:05
  Speaker 1: happening now, you know so again blockchain to basically support
• 19:10
  Speaker 1: tokenized gold. It's already over a billion in terms of
• 19:13
  Speaker 1: market cap in tokenized gold. This could most likely continue
• 19:18
  Speaker 1: to climb right here.
• 19:20
  Speaker 2: How much do.
• 19:20
  Speaker 1: You think we'll see the gold community accept that kind
• 19:24
  Speaker 1: of scenario. And we've had Peter Schiff, which is one
• 19:26
  Speaker 1: of the biggest gold bugs out there on our show
• 19:29
  Speaker 1: before he's mentioned tokenied gold. What are your thoughts on
• 19:33
  Speaker 1: tokenised gold?
• 19:34
  Speaker 2: Yeah, tokenies gold, and I want to say silver as well,
• 19:37
  Speaker 2: right because to me, they're the same category. I think
• 19:41
  Speaker 2: it and again you can check my videos from a
• 19:43
  Speaker 2: year ago. What I like to call that asset backed
• 19:47
  Speaker 2: digital currencies EBDC, and I think it's a great idea
• 19:52
  Speaker 2: and I think it's a way to get the silver
• 19:54
  Speaker 2: and gold diehards. There's some people that say I would
• 19:57
  Speaker 2: never do that if I don't be a common saying
• 19:59
  Speaker 2: in gold and silver communities, if I don't hold it,
• 20:02
  Speaker 2: I don't own it, right Like if I don't have
• 20:03
  Speaker 2: it in my hand, and I liked I would always
• 20:07
  Speaker 2: say to those people, I would say, well, you know,
• 20:09
  Speaker 2: you can still stack your silver, you can still hold
• 20:12
  Speaker 2: your silver and your gold in your hand. But if
• 20:14
  Speaker 2: there's this other option that is backed by metal and
• 20:18
  Speaker 2: it's tokenized, and it's regulated and it's audited, and you
• 20:22
  Speaker 2: know that the gold and silver are there, why wouldn't
• 20:25
  Speaker 2: you want to do that so that you could go
• 20:27
  Speaker 2: out to eat or you could do go grocery shopping,
• 20:30
  Speaker 2: or pay your electric bill and use if you're so
• 20:33
  Speaker 2: caught up on backing everything. So yeah, I think there's
• 20:35
  Speaker 2: a great opportunity there. I think is a great and
• 20:37
  Speaker 2: there's companies that are doing it right. I'm not an
• 20:40
  Speaker 2: expert in that area, and a bunch of them had
• 20:42
  Speaker 2: approached me to sponsor my channel back when I was
• 20:45
  Speaker 2: just mister Gold and Silver, and I never ever got
• 20:48
  Speaker 2: a real firm grip where I felt like one of
• 20:52
  Speaker 2: them was one that I wanted to back. Is I
• 20:54
  Speaker 2: will only back things and only take sponsorships from companies
• 20:58
  Speaker 2: that I either own stuff or that I do business with.
• 21:02
  Speaker 2: And I hadn't gotten to a comfort level within yet.
• 21:05
  Speaker 2: But it's going to come. I think it's I think
• 21:07
  Speaker 2: it's absolutely going to happen. Yeah, for sure.
• 21:09
  Speaker 1: Well, if you look at some of the markets that
• 21:11
  Speaker 1: are out there in terms of yield earning right now,
• 21:14
  Speaker 1: you've got meld Gold, which is you know, paying a
• 21:17
  Speaker 1: small amount, same thing with Meld Silver paying like point
• 21:20
  Speaker 1: four point four to six. Yeah, but if you go
• 21:23
  Speaker 1: in and do lending pools, and apply this with things
• 21:26
  Speaker 1: like stable coins. It's a completely different payout here. You know,
• 21:30
  Speaker 1: we're talking about now like twenty four percent APY or
• 21:33
  Speaker 1: twenty five percent APY. I'm going to zoom in on
• 21:36
  Speaker 1: that for you so you can see it. But that's
• 21:38
  Speaker 1: a good example of what the market could go to.
• 21:41
  Speaker 1: At some point down the road. Do you think people
• 21:44
  Speaker 1: in the gold industry would start to understand what's happening
• 21:48
  Speaker 1: from a digital standpoint and a crypto side of things
• 21:51
  Speaker 1: to where they would start to adopt it.
• 21:53
  Speaker 2: I think as as technology evolves and the world evolves,
• 21:59
  Speaker 2: I mean you can't and that things are becoming more
• 22:01
  Speaker 2: electronic and if it if a solution comes comes about
• 22:06
  Speaker 2: that I think is like reliable and would work and regulated. However,
• 22:11
  Speaker 2: you want to say it reliable that people would be
• 22:14
  Speaker 2: very very open to it, Yes, I do.
• 22:17
  Speaker 1: Okay, before I jump over to my fed question, I
• 22:20
  Speaker 1: want to hit market. I want to hit a coin
• 22:22
  Speaker 1: market cap here because this is Mudang. This is another
• 22:25
  Speaker 1: internet meme that popped off here. In this meme cycle,
• 22:30
  Speaker 1: we saw this of course elevate to around three hundred
• 22:33
  Speaker 1: million and then its top after it crashed down to
• 22:36
  Speaker 1: what was around seventy eighty million, which is really where
• 22:39
  Speaker 1: kind of UFD is right now, and then it popped
• 22:41
  Speaker 1: up here to its all time high, which was setting
• 22:44
  Speaker 1: at six hundred and sixty eight million, so not very
• 22:47
  Speaker 1: far away from your one billion dollar target. Slipping down
• 22:51
  Speaker 1: kind of retested, and we have yet to really see
• 22:54
  Speaker 1: what I think is going to be a meme gold rush.
• 22:57
  Speaker 1: Yet most likely this could happen in twenty twenty five.
• 23:00
  Speaker 1: What's the likelihood of you hitting a billion dollar market cap?
• 23:04
  Speaker 1: What do you think it is?
• 23:05
  Speaker 2: Well, my community has very lofty goals, so I was
• 23:09
  Speaker 2: going to correct you and say we're going for billions. Yeah,
• 23:11
  Speaker 2: you know it is. It is where it is right now.
• 23:13
  Speaker 2: We've only been at this for two weeks, and you know,
• 23:16
  Speaker 2: we kind of black the way I look at it.
• 23:18
  Speaker 2: And of course the price is very very important, right,
• 23:21
  Speaker 2: I mean, no doubt about it. Right. Prosperity for everybody
• 23:25
  Speaker 2: that buys a coin is what I want to see happen.
• 23:27
  Speaker 2: I don't have a crystal ball. I'm not giving financial advice,
• 23:30
  Speaker 2: you know that whole thing, But I don't see any
• 23:33
  Speaker 2: reason with the unbelievable strength of this community. I think
• 23:38
  Speaker 2: I'm like the social dominant score over the weekend, these people,
• 23:42
  Speaker 2: these dusters and my and not my in our community,
• 23:46
  Speaker 2: we were like ranked ninth and we were on the
• 23:49
  Speaker 2: same we were on the same same top ten with bitcoin.
• 23:54
  Speaker 2: I think ethereum uh and I always pray is it
• 23:57
  Speaker 2: do doja coin? Dojah boys and so so to think
• 24:03
  Speaker 2: and Paul correct me if I'm wrong. Right, But Unicorn
• 24:07
  Speaker 2: fart deests has nine hundred and ninety nine million coins
• 24:10
  Speaker 2: we like to call them beans in our community. But
• 24:12
  Speaker 2: there's and there's no more that will ever be made.
• 24:15
  Speaker 2: And if more and more people, I mean, this community
• 24:18
  Speaker 2: is growing like crazy, continue to buy and hold on.
• 24:21
  Speaker 2: I mean, you know people are going to sell some whatever, sure,
• 24:24
  Speaker 2: but that we get to a point where why can't
• 24:27
  Speaker 2: why can't Unicorn fart Desk be as big as any
• 24:30
  Speaker 2: other meme coin that's out there? I mean, is there
• 24:32
  Speaker 2: anything stopping it? Is there anything to me? No?
• 24:35
  Speaker 1: I mean, you're the right pot, You've got you're in
• 24:37
  Speaker 1: the right spot, You've got all the ingredients, which is
• 24:40
  Speaker 1: mostly the meme culture itself, a very rabid, you know,
• 24:44
  Speaker 1: community which starts to kind of centralize around doze was
• 24:47
  Speaker 1: this very same way. It had that kind of almost
• 24:50
  Speaker 1: legendary status. So and it of course is a multi
• 24:53
  Speaker 1: billion dollar meme token. And of course, hey listen, you
• 24:57
  Speaker 1: know Elon loves to do things me like this.
• 25:00
  Speaker 2: So that's what That's what I said that the other day.
• 25:03
  Speaker 2: It's like, people are like, well, what's a mean coin?
• 25:05
  Speaker 2: Where's the value in it? And and I've been wrestling
• 25:08
  Speaker 2: and and and and adjusting my perception of where the
• 25:11
  Speaker 2: real value is. And and then I thought about him,
• 25:14
  Speaker 2: like the richest guy in the world is yeah, he
• 25:19
  Speaker 2: loves period. Yeah, yeah, interesting, somebody is.
• 25:23
  Speaker 1: I don't know if you know much about Tesla, about
• 25:25
  Speaker 1: the operations of Tesla, but they have this thing called
• 25:27
  Speaker 1: Rainbow Road within the Tesla Okay, so when you're yeah,
• 25:31
  Speaker 1: it's it's called Rainbow Road. And also within the Tesla, uh,
• 25:36
  Speaker 1: the Tesla cars is they have, you know, within the
• 25:39
  Speaker 1: toy toy box, the capability of making the car fart.
• 25:44
  Speaker 1: So I'm telling you this may end up being an
• 25:46
  Speaker 1: Elon you know, mean, before long, you never know.
• 25:50
  Speaker 2: I tell you what. I'll tell you what. I have
• 25:52
  Speaker 2: great admiration for Elon Musk for a long I've never
• 25:56
  Speaker 2: owned Tesla stock. I've never so I'm not saying that
• 25:59
  Speaker 2: as an investor, but just what he has accomplished in
• 26:03
  Speaker 2: his life. And I know, you know, I've heard people
• 26:05
  Speaker 2: like you know, hate on him, and I'm like, wait
• 26:08
  Speaker 2: a minute. This guy like was instrumental in PayPal. He
• 26:11
  Speaker 2: started a car company from nothing and made it into
• 26:14
  Speaker 2: what it is. He has softly in your rockets, like
• 26:18
  Speaker 2: if nothing else, this guy's done so much for for
• 26:21
  Speaker 2: and and he loves memes, so hey, you know, thumbs up.
• 26:23
  Speaker 2: That's the main thing.
• 26:24
  Speaker 1: I think that's why the community loves him, at least
• 26:26
  Speaker 1: the cryptos side. Yeah, Ron, what do you think is
• 26:30
  Speaker 1: going to happen with the FED here in twenty twenty five?
• 26:33
  Speaker 1: How do you think Jerome Pal is going to handle
• 26:35
  Speaker 1: this inflationary scenario we're in right now?
• 26:38
  Speaker 2: Well, you know, gosh, you should have asked me that
• 26:41
  Speaker 2: two weeks ago before my brain got jumbled with unicorn
• 26:44
  Speaker 2: fart tests. But you know, I think the FED is
• 26:49
  Speaker 2: in a position when you look at the national debt
• 26:52
  Speaker 2: thirty six trillion dollars, When you look at the fact
• 26:55
  Speaker 2: that we're spending a trillion dollars a year on interest alone,
• 27:00
  Speaker 2: which means that basically twenty cents out of every dollar
• 27:03
  Speaker 2: that we send into our government is being paid out
• 27:06
  Speaker 2: in interest. We're really getting almost nothing for it. Here,
• 27:10
  Speaker 2: can I show you a visual real quick? Yeah, here's
• 27:12
  Speaker 2: here's what I think. Okay, And I made this over
• 27:15
  Speaker 2: a year ago the day we got home from vacation.
• 27:18
  Speaker 2: We aren't supposed to open it, Paul, but I'll open
• 27:20
  Speaker 2: it just for you. Okay. This is in that box
• 27:24
  Speaker 2: is Jerome po all right. And right on one side
• 27:28
  Speaker 2: I put it. This is from a year and a
• 27:29
  Speaker 2: half ago in r right like we're in a we're
• 27:32
  Speaker 2: in a you know what, that tough recession. And on
• 27:35
  Speaker 2: the other side we have an eye which is for inflation, right, Okay, okay,
• 27:40
  Speaker 2: and inside there thanks to my old friend. Hold on
• 27:45
  Speaker 2: a second, Gosh, I want to say, his name is
• 27:47
  Speaker 2: put Paper, right, So I mean, I think we can
• 27:50
  Speaker 2: get real complicated. And I and look, you know, I
• 27:53
  Speaker 2: studied I work for a big what is now one
• 27:55
  Speaker 2: of the big four accounting firms. I studied economics and
• 27:59
  Speaker 2: Budapest hunger when I was in college at Carl Marx
• 28:03
  Speaker 2: University of all places, first semester. I understand all the complicated.
• 28:08
  Speaker 2: At the end of the day, right, I think we're
• 28:11
  Speaker 2: most likely going into a stackflationary environment. But the only
• 28:15
  Speaker 2: thing they're going to be able to do is print money, period.
• 28:18
  Speaker 2: I mean, there's no other, there's no other you can
• 28:20
  Speaker 2: get off complix, you can get all complicated and pull
• 28:23
  Speaker 2: up charts and look at all these different crazy you know,
• 28:26
  Speaker 2: I could do that, and I always tried to keep
• 28:28
  Speaker 2: things simple. But when you're in a situation where you
• 28:31
  Speaker 2: have so much debt, okay, and it's and we really
• 28:35
  Speaker 2: are in almost a debt spiral situation, and the founding
• 28:39
  Speaker 2: bothers of this country are angry, right because they put
• 28:41
  Speaker 2: gold and silver in the in the US Constitution for
• 28:44
  Speaker 2: a reason, but that's long gone, right in seventy one. Look,
• 28:48
  Speaker 2: I was nineteen seventy one. I was one year old.
• 28:50
  Speaker 2: My mom will attest because the TV was on, and
• 28:53
  Speaker 2: when Nixon came on and said we're going off the
• 28:55
  Speaker 2: gold standard, I like screamed for four hours. Okay, I
• 28:59
  Speaker 2: was so angry, but I'm just joking. But you know
• 29:01
  Speaker 2: when Nixon did that, I mean, we we are in
• 29:04
  Speaker 2: a situation now in this country where we're really uh,
• 29:10
  Speaker 2: dilution of the currency is the only solution. And I
• 29:13
  Speaker 2: think that's why people are looking towards other assets like gold, silver,
• 29:17
  Speaker 2: and crypto.
• 29:18
  Speaker 1: Yeah, well, that's that's going to be the key there.
• 29:20
  Speaker 1: I think as we start to see the new administration
• 29:22
  Speaker 1: come in, if they if they do, in fact get
• 29:24
  Speaker 1: a strategic bitcoin reserve, that will be unique. What do
• 29:27
  Speaker 1: you think about countries starting to acquire gold, because there's
• 29:30
  Speaker 1: been quite a bit of gold acquisition from a lot
• 29:33
  Speaker 1: of major countries outside of the United States.
• 29:36
  Speaker 2: Yeah. The central banks of the world, for gosh, probably
• 29:40
  Speaker 2: like the last two to three years, have been acquiring
• 29:43
  Speaker 2: physical gold at a rate like I don't think, like
• 29:46
  Speaker 2: a rate like any other time in history. What I
• 29:49
  Speaker 2: would what I would say to that is very simple, basically, right,
• 29:54
  Speaker 2: the world central banks are the are the insiders. They're
• 29:58
  Speaker 2: the most sophisticated, right, financial institutions in the world. Who
• 30:03
  Speaker 2: cares what they say? Look at what they're doing. They
• 30:06
  Speaker 2: are moving away from the US dollar, which again, look,
• 30:09
  Speaker 2: I have American flags, I'm born. You know, it's a
• 30:12
  Speaker 2: very unfortunate situation. But if they're moving away from the dollar,
• 30:17
  Speaker 2: what does that tell you? Right? And I'm not saying
• 30:19
  Speaker 2: the dollar is going to you're going to be gone tomorrow,
• 30:22
  Speaker 2: but we're definitely in a major cycle where where every
• 30:28
  Speaker 2: indication is either if you look at it from a
• 30:31
  Speaker 2: numbers perspective, or what these world central banks are doing.
• 30:34
  Speaker 2: That the value, the real value of the dollar, right,
• 30:37
  Speaker 2: Not the d X Y indeck you're dollars up. No,
• 30:40
  Speaker 2: the real value, Like ask yourself, ask yourself, how much
• 30:45
  Speaker 2: would one hundred dollars buy you at the grocery store,
• 30:49
  Speaker 2: you know, ten years ago, and then today that same
• 30:52
  Speaker 2: hundred dollars bill, how much does it buy you. I
• 30:54
  Speaker 2: had a hilarious conversation, and this is worth letting me.
• 30:57
  Speaker 2: Let me tell this because it's funny if I can remember,
• 31:00
  Speaker 2: it's a funny joke. I had a Missouri one of
• 31:03
  Speaker 2: the Missouri representatives in here down here, and we were
• 31:05
  Speaker 2: talking and he said, yeah, one of my constituents is
• 31:08
  Speaker 2: like ninety years old, and he keeps telling me he
• 31:11
  Speaker 2: must be getting stronger and stronger because it's getting easier
• 31:14
  Speaker 2: for him to carry one hundred dollars worth of groceries
• 31:16
  Speaker 2: out of the grocery store every year. So you know, anyway,
• 31:20
  Speaker 2: that's that's good, that's what I Yeah, they get.
• 31:22
  Speaker 1: Yeah, Hey, Ron, it's been good having you on the show.
• 31:25
  Speaker 2: You guys.
• 31:25
  Speaker 1: Check out his YouTube channel Run's basement. He talks about
• 31:28
  Speaker 1: gold silver and now you're gonna have to put memes.
• 31:30
  Speaker 2: In there and give me a little time. It's been
• 31:35
  Speaker 2: it's been crazy. I just want to say thank you
• 31:38
  Speaker 2: to you. Congratulations. I know you just recently hit a
• 31:41
  Speaker 2: million subscribers on YouTube.
• 31:42
  Speaker 1: Been a good run.
• 31:44
  Speaker 2: That's a big deal. That means that you are putting
• 31:46
  Speaker 2: out quality content, right There's only one, only one way
• 31:50
  Speaker 2: that happened. So thank you, and you know it's been
• 31:53
  Speaker 2: a big honor on behalf of myself and the whole
• 31:55
  Speaker 2: Unicorn part Duster glad you guys.
• 31:58
  Speaker 1: Thanks all right in the Dusters. Thanks a lot, Run
• 32:01
  Speaker 1: for stopping in. We appreciate it.
• 32:02
  Speaker 2: Yeah, thanks Paul, you bet all right.
• 32:04
  Speaker 1: You guys, if you're not tuned in to our channel
• 32:07
  Speaker 1: right now, make sure it's just take some time and
• 32:09
  Speaker 1: hit subscribe right now. It's one of the best things
• 32:11
  Speaker 1: you'll do because I'm telling you we're gonna see a
• 32:13
  Speaker 1: lot of content coming out in twenty twenty five that
• 32:16
  Speaker 1: I think it may put you in a position where
• 32:19
  Speaker 1: it really starts to change your stars. So check it out.
• 32:21
  Speaker 1: If you're not part of the Diamond circle getting in
• 32:23
  Speaker 1: on that, it's another great place, which is our own
• 32:25
  Speaker 1: private club, and all you have to do is click
• 32:27
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• 32:29
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• 32:31
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