Latest / The Paul Barron Crypto Show / Gold Wave Coming To XRP & Ethereum!🌊Andy Schectman INTERVIEW

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Gold Wave Coming To XRP & Ethereum!🌊Andy Schectman INTERVIEW · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Generational wealth could be shifting, and today we're going to
• 0:08
  Speaker 1: be breaking that down how gold and crypto are starting
• 0:11
  Speaker 1: to intersect. My name is Paul Barren. Welcome back into
• 0:13
  Speaker 1: tech path. Let's get into it today. I do want
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  Speaker 1: guys can get going. Before I bring our guests on today,
• 0:48
  Speaker 1: we have Andy Schechman coming in from Miles Franklin today
• 0:52
  Speaker 1: and we're going to.
• 0:52
  Speaker 2: Talk about gold.
• 0:53
  Speaker 1: But I want to go to this first clip to
• 0:55
  Speaker 1: give you a framework of what's going on. Take a
• 0:57
  Speaker 1: look is.
• 0:58
  Speaker 2: The bull case for gold to intact. This is a
• 1:01
  Speaker 2: flight to safety.
• 1:02
  Speaker 3: This is gold now competing versus the dollar and that's
• 1:05
  Speaker 3: driven in large part by central bank buying, which doesn't
• 1:08
  Speaker 3: show any signs of slowing down.
• 1:10
  Speaker 4: The China News earlier this week about China increasing the
• 1:12
  Speaker 4: quotas to allow more domestic buying of gold. They wouldn't
• 1:16
  Speaker 4: be doing that if they thought the gold market was
• 1:18
  Speaker 4: going to go into some kind of crazy territory and
• 1:20
  Speaker 4: would damage domestic investors.
• 1:22
  Speaker 3: I rely on retail investors and they are not buying.
• 1:26
  Speaker 3: You know, the magic number was always eighty to one.
• 1:28
  Speaker 3: What's not moving up it's silver. And when retail investors
• 1:34
  Speaker 3: get into the gold market, they buy both. Central banks
• 1:38
  Speaker 3: don't buy silver. If everybody, the retail investor was clamoring
• 1:42
  Speaker 3: into the market to buy coins and bars, do you
• 1:44
  Speaker 3: think those premiums would be going down or going through
• 1:47
  Speaker 3: the roof? Of course they'd be going through the roof.
• 1:50
  Speaker 3: They're not, and the retail investor is still on the sidelines.
• 1:55
  Speaker 1: Why is gold moving at the rate in which it is?
• 1:58
  Speaker 1: So I thought I'll bring in our gold expert, and
• 2:00
  Speaker 1: that is Andy Schackman coming in from Miss Franklin. How
• 2:02
  Speaker 1: are you, Andy, Paul?
• 2:03
  Speaker 2: Great to see you, brother. I'm doing well, Thank you excellent,
• 2:06
  Speaker 2: Thanks all as well.
• 2:07
  Speaker 1: What do you make of all of this move we
• 2:09
  Speaker 1: are seeing gold that really all time highs. Obviously, the
• 2:13
  Speaker 1: performance has continued to outpace that of most market positions
• 2:18
  Speaker 1: right now, and the analysts are scrambling trying to figure
• 2:21
  Speaker 1: out where does it go from here? What's your current
• 2:23
  Speaker 1: position on that? Before we kind of get into some
• 2:25
  Speaker 1: of the items.
• 2:26
  Speaker 5: Look, I mean, in twenty nineteen, the most powerful bank
• 2:30
  Speaker 5: on the planet, the Bank of International Settlements PAUL, the
• 2:33
  Speaker 5: Central Bank or Central Bank reclassified gold as the world's
• 2:36
  Speaker 5: only other Tier one reserve asset. That's the foundation from
• 2:39
  Speaker 5: which all of this springs. But the bottom line is,
• 2:42
  Speaker 5: since twenty seventeen and then the reclassification of gold in
• 2:45
  Speaker 5: twenty nineteen, the most well informed and most well financed
• 2:50
  Speaker 5: players in the world, the central banks, have been on
• 2:52
  Speaker 5: a buying spree.
• 2:53
  Speaker 2: That has not stopped and continues to this day.
• 2:57
  Speaker 5: And when you realize that that these players are always
• 3:01
  Speaker 5: well ahead of the curve, I think it should not
• 3:04
  Speaker 5: be underestimated whatsoever. So yes, it has been the central
• 3:08
  Speaker 5: bank buying unequivocally that has has kept the market to float.
• 3:13
  Speaker 5: Not just the central banks and in particular the bricks
• 3:17
  Speaker 5: nations China and India, and Russia. And you had a
• 3:20
  Speaker 5: clip in there with rich Check and he's a good
• 3:22
  Speaker 5: friend of mine, and I agree with what he said
• 3:24
  Speaker 5: about the retail side. I don't particularly agree with what
• 3:27
  Speaker 5: he said about silver, and I have my own take
• 3:30
  Speaker 5: on silver. But you look at China as an example.
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  Speaker 5: They're the second largest producer of silver in the world,
• 3:35
  Speaker 5: and for the past year and a half they've been
• 3:37
  Speaker 5: flying all around Latin America in particular, really planting steaks
• 3:42
  Speaker 5: in Peru and buying up all of the dore and
• 3:45
  Speaker 5: concentrate from all the miners there. In other words, Dora
• 3:49
  Speaker 5: is a bar that is crudely fashioned, as they pull
• 3:51
  Speaker 5: the metal out of the ground before they send it
• 3:53
  Speaker 5: for further purification, you know, as they take all of
• 3:56
  Speaker 5: this stuff and they send it back to China, disintermediating
• 3:59
  Speaker 5: the market and refining it there. The second largest producer
• 4:03
  Speaker 5: of silver in the world is doing this. They're paying
• 4:05
  Speaker 5: double what the West will pay. You have Russia now,
• 4:08
  Speaker 5: who has made a public statement that they're adding it
• 4:11
  Speaker 5: to their national stockpile. In India, has purchased over nine
• 4:14
  Speaker 5: hundred million ounces of silver in the past four years.
• 4:18
  Speaker 5: There are reasons why the price hasn't gone up. We
• 4:20
  Speaker 5: can delve into that if you'd like, it will, But
• 4:23
  Speaker 5: as far as gold is concerned, absolutely there has been
• 4:26
  Speaker 5: one hundred percent. It has been the central bank buying,
• 4:29
  Speaker 5: and to me more significant the repatriation, the draining of
• 4:33
  Speaker 5: the world's exchanges. In other words, no, I don't want
• 4:35
  Speaker 5: to leave it there, give it to me. I want
• 4:37
  Speaker 5: to remove counterparty risk.
• 4:39
  Speaker 1: All right, So what you're saying is really kind of
• 4:42
  Speaker 1: mirroring what's going on in the S and P. If
• 4:44
  Speaker 1: you look right now, gold holding above the S and
• 4:47
  Speaker 1: P five hundred and this kind of number is surprising
• 4:51
  Speaker 1: to me because this is the last twenty years in
• 4:54
  Speaker 1: terms of that chart, that in essence is continuing to
• 4:57
  Speaker 1: hold gold that's at its all time high. And I
• 5:00
  Speaker 1: guess the real question is when you look at China,
• 5:03
  Speaker 1: who just sold some bitcoin right now this is a
• 5:06
  Speaker 1: little bit older, but they just sold some bitcoin, opting
• 5:08
  Speaker 1: into now buying more. Goal back to your point, central
• 5:11
  Speaker 1: bank's really focusing in with that along with what you
• 5:15
  Speaker 1: see right now in the trading activity. Let me kind
• 5:17
  Speaker 1: of expand that up a little bit because this is
• 5:20
  Speaker 1: my concern. China popped. This is China the Chinese gold
• 5:23
  Speaker 1: trading activity that exploded, but it retraced back down to
• 5:27
  Speaker 1: its normal levels. Do you think that was just the
• 5:29
  Speaker 1: initial push or do you think this is the beginning
• 5:32
  Speaker 1: of a trend.
• 5:33
  Speaker 5: Yeah, I think it's certainly maybe the escalation of a
• 5:36
  Speaker 5: trend that's been going on for quite some time underneath
• 5:39
  Speaker 5: the surface, you know, guys like you or the media, Paul.
• 5:43
  Speaker 5: The media does a pathetic job, in fact, no job
• 5:46
  Speaker 5: at all, of telling us what's really happened. Why would
• 5:48
  Speaker 5: no one in this country even understand that since twenty
• 5:51
  Speaker 5: nineteen their two tier one assets the US Treasury, which
• 5:54
  Speaker 5: has been the only Tier one asset as far as
• 5:56
  Speaker 5: central banks are concerned, since the end of World War Two.
• 5:59
  Speaker 5: But by the way, gold is there too now and
• 6:01
  Speaker 5: the central bank's buying it like it's going out of style.
• 6:05
  Speaker 5: Yet we don't hear about any of this, not only
• 6:07
  Speaker 5: the reclassification to put something on equal footing with the Treasury,
• 6:11
  Speaker 5: and or the massive accumulation and or the draining of
• 6:14
  Speaker 5: the exchanges. And I was working out in the club
• 6:17
  Speaker 5: the other day. I'm watching CNBC while I'm on the
• 6:19
  Speaker 5: elliptical machine, and gold's at all time highs, and I
• 6:22
  Speaker 5: watched the ticker underneath. It took forty seven spins to
• 6:27
  Speaker 5: see gold. From the first time to the next time
• 6:29
  Speaker 5: I saw bitcoin there nine times between those forty seven spins.
• 6:33
  Speaker 5: So they're focusing on things like bitcoin, they're focusing on
• 6:37
  Speaker 5: things like the mag seven.
• 6:39
  Speaker 2: They're focusing on all of these.
• 6:40
  Speaker 5: Things, while gold, at all time highs at over thirty
• 6:43
  Speaker 5: three hundred bucks yesterday is being ignored. Now is that
• 6:47
  Speaker 5: on purpose?
• 6:47
  Speaker 2: I don't know. From my perspective, it sure feels like
• 6:50
  Speaker 2: it is.
• 6:50
  Speaker 5: But yeah, I think this is a trend that has
• 6:52
  Speaker 5: been going on under the surface for quite some time.
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  Speaker 5: And not only that, China buys far more gold, more
• 7:00
  Speaker 5: than anyone than they tell anyone. And this has been
• 7:03
  Speaker 5: going on forever since the beginning of my career. So
• 7:06
  Speaker 5: I would say those numbers are greatly understated. In fact,
• 7:09
  Speaker 5: someone I respect a lot, Alistair McLeod, two years ago
• 7:12
  Speaker 5: said he believed that they had thirty eight thousand metric tons,
• 7:16
  Speaker 5: then eighteen thousand by the people in twenty by the state.
• 7:20
  Speaker 5: That would be five times more than we supposedly have.
• 7:22
  Speaker 5: And we still have an audit at our gold. Trump
• 7:25
  Speaker 5: was talking about a couple of months ago.
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  Speaker 1: It's interesting that we haven't heard anything more about that audit.
• 7:31
  Speaker 1: I mean, it kind of went dark a little bit,
• 7:33
  Speaker 1: so I'm not sure what the administration is talking about.
• 7:36
  Speaker 1: Back to your point, media, it is interesting to what
• 7:39
  Speaker 1: you're saying there, because when you look at how the
• 7:41
  Speaker 1: media seems to have a little bit of an affinity
• 7:44
  Speaker 1: toward crypto in general. I mean, listen, we're crypto tech,
• 7:47
  Speaker 1: but we also look at just aspts in general, which
• 7:50
  Speaker 1: is why we talk about gold and silver and other
• 7:53
  Speaker 1: things that are opportunistic here. But when you look at retail,
• 7:57
  Speaker 1: that's the question mark I think right now is obviously retail,
• 8:01
  Speaker 1: even though it may not have a big effect on
• 8:03
  Speaker 1: gold's current price, the question is does it hit the plateau.
• 8:06
  Speaker 1: I want to play a clip for you on retail
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  Speaker 1: potentially selling gold.
• 8:10
  Speaker 2: Take a look. If they're not doing it, now, what
• 8:13
  Speaker 2: are they going to do it?
• 8:13
  Speaker 3: It's a commentary on how difficult it is for the
• 8:16
  Speaker 3: middle class out there right now. We have clients come
• 8:18
  Speaker 3: to us and they say, listen, I don't want to
• 8:21
  Speaker 3: sell my gold, but I have to. I got to
• 8:23
  Speaker 3: pay down a credit card debt. When folks need the money,
• 8:26
  Speaker 3: right they go to what's most liquid, and primarily that's
• 8:30
  Speaker 3: gold and silver, So they can't tap into their home
• 8:33
  Speaker 3: equity lines anymore.
• 8:34
  Speaker 1: You know, retail gold holders could be the weak link
• 8:37
  Speaker 1: in the potential rise of gold to four thousand. Do
• 8:41
  Speaker 1: you think that's going to have any impact at all?
• 8:42
  Speaker 1: Do you feel like the central banks and Nation States
• 8:45
  Speaker 1: are still going to be the driving force.
• 8:47
  Speaker 2: Yeah, the retail public has very little of any effect
• 8:51
  Speaker 2: on it.
• 8:51
  Speaker 5: I mean, yeah, Look, my friend Rick Rule and I
• 8:53
  Speaker 5: were talking the other day and he said, Andy that
• 8:55
  Speaker 5: there's a one half of one percent allocation from Owen
• 9:00
  Speaker 5: Jane six Pack to the Harvard and Dowmond Fund in
• 9:02
  Speaker 5: terms of allocation to gold across the whole North American matrix.
• 9:07
  Speaker 5: So it's it's a speck and dust here. We're at
• 9:10
  Speaker 5: one half of one percent. The average over the past
• 9:13
  Speaker 5: forty years is two and a half percent. You just
• 9:15
  Speaker 5: go back to the average of two and a half
• 9:17
  Speaker 5: percent allocation, right, that's a fivefold increase in demand and bang.
• 9:22
  Speaker 5: I mean, there's nothing to get and that's the problem.
• 9:25
  Speaker 5: So now the retail public is nothing as far as
• 9:28
  Speaker 5: I'm concerned.
• 9:28
  Speaker 2: This is being driven at a.
• 9:30
  Speaker 5: Much much, much much higher level by the positioning of
• 9:33
  Speaker 5: the sovereign wealth funds and the central banks in my
• 9:36
  Speaker 5: mind almost entirely.
• 9:38
  Speaker 1: So this could be, you know, somewhat of a unison
• 9:41
  Speaker 1: move that could be happening right now from the idea
• 9:45
  Speaker 1: of where retail is versus where you know, nation states
• 9:48
  Speaker 1: and central banks are going, which could you know, continue
• 9:52
  Speaker 1: to drive gold higher. If you look at gen Z
• 9:54
  Speaker 1: investors right now, this is a chart off of a
• 9:57
  Speaker 1: recent report that was done and what they analyzed was
• 10:01
  Speaker 1: what was the likelihood of crypto and this is talking
• 10:04
  Speaker 1: about instead of a retirement account, and it still showed
• 10:07
  Speaker 1: that we were going to see cryptocurrencies. If you look
• 10:09
  Speaker 1: right there on gen Z forty two thirty six on
• 10:13
  Speaker 1: millennial everybody's up, with exception of gen X and baby boomers,
• 10:16
  Speaker 1: which continue to push in other areas. Obviously, still gen
• 10:20
  Speaker 1: Z trending up on cryptocurrency. So at some point, Andy,
• 10:24
  Speaker 1: we are going to see a large percentage of the
• 10:27
  Speaker 1: investing public shifting over to digital assets, and that could
• 10:30
  Speaker 1: be digital gold, it could be a lot of different cryptocurrencies.
• 10:33
  Speaker 1: We're starting to see a lot of that. Do you
• 10:35
  Speaker 1: think that that will have any impact on the trajectory
• 10:39
  Speaker 1: of gold?
• 10:39
  Speaker 2: Yeah, Late in the light of stable coins.
• 10:42
  Speaker 5: Certainly, it sure could, because now you give access to
• 10:48
  Speaker 5: the people who.
• 10:49
  Speaker 2: Probably weren't even thinking about it at all, which is
• 10:52
  Speaker 2: a shame.
• 10:52
  Speaker 5: And that's why you know, I speak at the XRP
• 10:55
  Speaker 5: conference in a panel that you'll be moderating. That's why
• 10:58
  Speaker 5: I'm a good friend with you know, with with Mark
• 11:02
  Speaker 5: Moss and Natalie Burnell and have them on my show
• 11:04
  Speaker 5: and go on their shows.
• 11:05
  Speaker 2: That's why I have tried to bridge the gap.
• 11:08
  Speaker 5: If you uncome on your show between the cryptocurrency community
• 11:13
  Speaker 5: and the and the gold community, the.
• 11:15
  Speaker 2: Message should be very similar.
• 11:17
  Speaker 5: We should we should not be confrontational, we should be
• 11:20
  Speaker 5: together in terms of I think in unison we're far stronger.
• 11:24
  Speaker 5: People's portfolios become stronger as well. So yeah, I could
• 11:29
  Speaker 5: see that happening certainly if that trend holds true.
• 11:32
  Speaker 2: Now that the key to this is to.
• 11:35
  Speaker 5: Make an ecosystem for a stable coin back by gold,
• 11:40
  Speaker 5: for example, very very transparent.
• 11:43
  Speaker 2: Where is it being stored, what form is it in?
• 11:46
  Speaker 2: Is it deliverable?
• 11:47
  Speaker 5: Those three things to me would legitimize a stable coin
• 11:51
  Speaker 5: back back by gold, And yeah, is it deliverable, where's
• 11:55
  Speaker 5: it being stored, who's storing it, and in what form
• 11:59
  Speaker 5: those things to me, I have yet, to my mind
• 12:01
  Speaker 5: sufficiently be addressed to attract my clients or even myself
• 12:07
  Speaker 5: who is open and has a little bit of cryptocurrency
• 12:10
  Speaker 5: open to that ideology.
• 12:12
  Speaker 2: I haven't seen it quite yet.
• 12:13
  Speaker 1: Well, we'll talk about bricks in a second, because they
• 12:15
  Speaker 1: are kind of discussing that very issue. But there's also
• 12:18
  Speaker 1: a handful of companies I'll mentioned in a few minutes
• 12:21
  Speaker 1: that might be transitioning into the idea of tokenized gold.
• 12:26
  Speaker 1: Before we go there, I want to get into terroriffs
• 12:28
  Speaker 1: for just a short bit. United States now generating about
• 12:31
  Speaker 1: twenty one bill in tariff revenue. First of all, do
• 12:34
  Speaker 1: you think the tariff impact? Obviously gold has benefited from
• 12:39
  Speaker 1: this tariff impact, because I think this is now a
• 12:41
  Speaker 1: flight to safety. People are looking at that and the
• 12:43
  Speaker 1: Dixie and then also some of the issues that we're
• 12:45
  Speaker 1: facing at the S and P. Five hundred. At some point,
• 12:49
  Speaker 1: this is going to settle down. At that point, when
• 12:52
  Speaker 1: it does settle down and we get some deals done,
• 12:54
  Speaker 1: do you feel like the shine will be off of
• 12:57
  Speaker 1: gold and we'll start to see movements backwards.
• 13:01
  Speaker 5: But I look at it from a standpoint of these
• 13:03
  Speaker 5: are the same countries, Paul, that are keeping our country
• 13:06
  Speaker 5: afloat by buying our treasuries using the dollar as a
• 13:08
  Speaker 5: global reserve. This keeps rates low, this keeps asset prices high,
• 13:12
  Speaker 5: this keeps goods cheap. So sharing the trade gap looks
• 13:16
  Speaker 5: ugly on paper, and I think, honestly, to me, enacting
• 13:21
  Speaker 5: these tariffs is the mistake. It is a mistake, and
• 13:25
  Speaker 5: it should be the carrot, not the stick. That's just
• 13:27
  Speaker 5: my own personal opinion. Well, I think you'll see it.
• 13:29
  Speaker 2: I think it was.
• 13:30
  Speaker 1: Jamie Diamond was on record not too long ago saying
• 13:33
  Speaker 1: the very same thing, and he was basically saying, hey, listen,
• 13:38
  Speaker 1: we are in a shift right now that could reset
• 13:41
  Speaker 1: the entire global monetary system. That was something he was
• 13:44
  Speaker 1: even more concerned about than even a possible recession. So
• 13:48
  Speaker 1: that's right, very very big point to what you're saying there.
• 13:51
  Speaker 1: Let's talk about tokenized commodities on the rise right now,
• 13:55
  Speaker 1: still continuing to rise up ethereum kind of the blockchain
• 13:57
  Speaker 1: of choice when it comes to token ized commodities, and
• 14:00
  Speaker 1: we are seeing more movement in this space. If you
• 14:04
  Speaker 1: look at an example right here of asset classes right
• 14:07
  Speaker 1: now on RBA still precious metals, Who do you think
• 14:11
  Speaker 1: is buying this? Is this still I mean, this is
• 14:14
  Speaker 1: outperforming everything precious metals. Then you get into agriculture and
• 14:18
  Speaker 1: then you know nothing. So who do you feel like
• 14:22
  Speaker 1: is buying gold, especially in the RBA side of things,
• 14:25
  Speaker 1: from an asset class performance.
• 14:27
  Speaker 2: It's a good question.
• 14:28
  Speaker 5: I don't know who is exactly buying it, but it
• 14:30
  Speaker 5: makes sense to me because you know a lot of
• 14:33
  Speaker 5: these other items that are tokenized. It's not like and
• 14:36
  Speaker 5: again I'm not as familiar with the tokenized products maybe
• 14:39
  Speaker 5: perhaps as you are, But if these products allow for delivery,
• 14:43
  Speaker 5: I can understand why people would want to do that. Yeah,
• 14:47
  Speaker 5: it's not like you can take delivery of easily of
• 14:49
  Speaker 5: farmland or of many of these tokensed assets, but you
• 14:52
  Speaker 5: can have precious metals. And you know, maybe there is
• 14:56
  Speaker 5: this awakening, maybe this line of thinking is starting to permeate,
• 14:59
  Speaker 5: that they're that the message that would drive someone into
• 15:05
  Speaker 5: cryptocurrencies or into precious metals in many respects is similar.
• 15:10
  Speaker 5: It's breaking away from the madness of our monetary policy,
• 15:13
  Speaker 5: the irresponsibility of our fiscal policy. So these things align,
• 15:18
  Speaker 5: and I think where things differ is that typically the
• 15:21
  Speaker 5: person in cryptocurrencies is focused on making a profit, and
• 15:24
  Speaker 5: the person who's interested in buying precious metals is not.
• 15:27
  Speaker 5: They're more concerned about what's coming and they're more concerned
• 15:30
  Speaker 5: about preservation.
• 15:32
  Speaker 2: Maybe this amount of unison or this parallel line of
• 15:40
  Speaker 2: thinking is starting to creep into the crystal space, which.
• 15:44
  Speaker 5: Would be amazing as far as I'm conturns what I've
• 15:46
  Speaker 5: been trying to do for a long time, and my
• 15:49
  Speaker 5: company will be making some unique announcements that you kind
• 15:53
  Speaker 5: of know about in the future very soon, in the
• 15:56
  Speaker 5: near future for us to continue to bridge these two
• 16:00
  Speaker 5: these two communities.
• 16:01
  Speaker 2: And I think it's very important.
• 16:02
  Speaker 5: I think it's vital that these two communities join together.
• 16:06
  Speaker 5: We are far stronger, our message is stronger, and what
• 16:08
  Speaker 5: we're all trying to achieve, I think is far stronger
• 16:12
  Speaker 5: if the crypto community and the hard asset community are
• 16:15
  Speaker 5: not mutually exclusive of one another.
• 16:17
  Speaker 1: But you know, totally, definitely to your point, I do
• 16:20
  Speaker 1: want to play a clip for you. This is the
• 16:22
  Speaker 1: CEO of Timan's. We've had him on the show a
• 16:24
  Speaker 1: couple of times. Very interesting guy, and he goes in
• 16:29
  Speaker 1: on the idea of tokenized commodities. But take a look
• 16:32
  Speaker 1: at this on physical to digital. Are you guys planning
• 16:36
  Speaker 1: that on doing anything like that?
• 16:37
  Speaker 6: I think when the show is out, we will already
• 16:41
  Speaker 6: have launched gold bars one ounce gold box and one
• 16:46
  Speaker 6: ounce is one NFT to get a certificate of ownership.
• 16:50
  Speaker 6: You can actually get access to the physical gold storage.
• 16:54
  Speaker 6: Fees are high normally, so we offer it free of charge.
• 16:58
  Speaker 6: So you connect your wallet, you bind it, and then
• 17:01
  Speaker 6: you can trade it, gifted, hold it whatever you do.
• 17:04
  Speaker 1: All right, so you can see, I mean there are
• 17:06
  Speaker 1: they're based out of Switzerland, but the point is they
• 17:08
  Speaker 1: launched that here, it's sold out. The potential of what
• 17:12
  Speaker 1: they're trying to roll out is very significant. I'll talk
• 17:15
  Speaker 1: about the blockchain in a second. Do you plan on
• 17:18
  Speaker 1: going in that direction anytime soon? For tokenized assets, especially commodities?
• 17:23
  Speaker 1: I know right now you can get all silver, gold,
• 17:26
  Speaker 1: platinum available on Miles Franklin anything in the hopper there.
• 17:31
  Speaker 5: Yes, I am the US contact for Glint. Jason Cousins,
• 17:35
  Speaker 5: the CEO of Glint, will be another person on the
• 17:38
  Speaker 5: panel that you and you are moderating, and Jason and
• 17:41
  Speaker 5: I have discussed this at length.
• 17:44
  Speaker 2: Now I'm not trying to say that this is going
• 17:47
  Speaker 2: to happen tomorrow.
• 17:47
  Speaker 5: But yes, this is something that we do have many
• 17:51
  Speaker 5: ideas behind and intentions and aspirations. And with the infrastructure
• 17:55
  Speaker 5: that Glint has, metal being held allocated in brings Switzerland,
• 18:02
  Speaker 5: and the tremendous technology that they have into their app,
• 18:07
  Speaker 5: and I find it to be elegant and exquisite actually,
• 18:12
  Speaker 5: so yes, we are thinking about it.
• 18:14
  Speaker 2: I've been in.
• 18:15
  Speaker 5: Something like this five years ago, six years ago when
• 18:20
  Speaker 5: I worked with the Royal Canadian Mint in a company
• 18:22
  Speaker 5: called trade Winds to roll out a digital form of
• 18:26
  Speaker 5: gold held by the Royal Canadian Mint on The mistake
• 18:30
  Speaker 5: they made was a private permission based blockchain system and
• 18:34
  Speaker 5: it wasn't allowed out into the ecosystem.
• 18:37
  Speaker 2: They did it wrong, and I told them that.
• 18:39
  Speaker 5: From the get go, you guys need to open it
• 18:42
  Speaker 5: up into the gen Z. You need to open it
• 18:45
  Speaker 5: up into all of the exchanges. They wouldn't do that.
• 18:48
  Speaker 2: So it seems that these folks have done something along
• 18:50
  Speaker 2: those lines. And that's just it.
• 18:52
  Speaker 5: If it's held in Switzerland, if it's held in one
• 18:54
  Speaker 5: ounce gold bars that are numbered and shown on an
• 18:58
  Speaker 5: NFT with the ability to take possession and held it
• 19:00
  Speaker 5: at a at a legitimate vault. Then yes, you have
• 19:03
  Speaker 5: stumbled onto something very legitimate. And these are the things
• 19:06
  Speaker 5: that I think we have in place right now. We
• 19:08
  Speaker 5: could naturally progress into a token I swarm of gold.
• 19:12
  Speaker 2: All right.
• 19:12
  Speaker 1: Well, one thing I would say, if you're, if any
• 19:15
  Speaker 1: planning to go that direction, it's important to say that
• 19:18
  Speaker 1: you know the connection to DeFi will probably be the
• 19:22
  Speaker 1: deciding factor, especially because of the use case of how
• 19:25
  Speaker 1: crypto and tokenized assets, especially on commodities can be used. Hey,
• 19:29
  Speaker 1: I want to jump over to bricks real quick. You
• 19:31
  Speaker 1: had some really good insights the last time we were
• 19:33
  Speaker 1: talking about bricks, and here's Putin saying relations with the
• 19:36
  Speaker 1: bricks countries cannot be stopped. So he obviously sees this
• 19:39
  Speaker 1: still as a very powerful position. This next tweet showed
• 19:44
  Speaker 1: that the bricks right now, principally Russia and China and
• 19:47
  Speaker 1: India are going to look at a counter on a
• 19:52
  Speaker 1: possible US backed stable coin, which we already know is
• 19:54
  Speaker 1: in the works, with a gold backed stable coin. What
• 19:58
  Speaker 1: are your thoughts on, first of all, bricks and their
• 20:00
  Speaker 1: current progress and if they get this off the ground,
• 20:05
  Speaker 1: a gold back stable coin.
• 20:07
  Speaker 5: I think it's huge and it wouldn't surprise me at all.
• 20:11
  Speaker 5: They've been the largest accumulators of gold in the world. Really,
• 20:15
  Speaker 5: you could argue they have an infrastructure in place already
• 20:18
  Speaker 5: for this to happen. Not only have they been the
• 20:21
  Speaker 5: largest accumulators of gold in the world, but they have
• 20:25
  Speaker 5: bridge technology that has already been I guess you could
• 20:29
  Speaker 5: say rolled out just recently.
• 20:32
  Speaker 1: Are you talking about the the Mbridge project.
• 20:35
  Speaker 2: Well, it's similar to Mbridge. You know.
• 20:37
  Speaker 5: The problem with Mbridge is that at the twelfth hour
• 20:42
  Speaker 5: last year the Bank of International Settlements pulled out of
• 20:45
  Speaker 5: Mbridge and embarrassed.
• 20:46
  Speaker 2: Them in front of the world.
• 20:47
  Speaker 5: And see was the BIS their innovation hub for four years,
• 20:53
  Speaker 5: helped develop mbridge technology, Chinese technology, China, Hong Kong, Thaighland,
• 20:58
  Speaker 5: United Arab Emirates developed it and at the very very
• 21:02
  Speaker 5: last minute after it was operational, the BIS and Augustas
• 21:06
  Speaker 5: Carson's the guy that runs.
• 21:07
  Speaker 2: And said, yeah, you know, we got to back out.
• 21:09
  Speaker 5: We're closing it down because we can't be involved with
• 21:12
  Speaker 5: any countries that are sanctioned by the West. It says
• 21:14
  Speaker 5: if Augustas just realized that Russia was the Iron Bricks
• 21:18
  Speaker 5: and they did this is what I think, which amounts
• 21:20
  Speaker 5: to espionage.
• 21:21
  Speaker 2: They knew exactly what they were doing.
• 21:23
  Speaker 5: So just the other day, the People's Bank of China
• 21:27
  Speaker 5: maybe last week announced its digital RMB cross border settlement
• 21:31
  Speaker 5: system and they connected it with ten ASA n It's
• 21:36
  Speaker 5: a sea and countries. These are all the countries in
• 21:39
  Speaker 5: Southeast Asia and six Middle Eastern nations. This is forty
• 21:43
  Speaker 5: percent of global GDP right now and it bypasses now
• 21:47
  Speaker 5: the Swift system. And this will be music to your ears,
• 21:51
  Speaker 5: and I'll just read it flat out. It says, in
• 21:53
  Speaker 5: practical chure, practical terms, China's digital currency bridge currency bridge
• 21:57
  Speaker 5: they're not calling an mbridge because of the BIS and
• 22:00
  Speaker 5: basically screwed them at the last minute, has significantly reduced
• 22:03
  Speaker 5: cross border payment processing times from the typical three to
• 22:06
  Speaker 5: five days associated with Swift to approximately seven seconds. And
• 22:10
  Speaker 5: so yes, they have the infrastructure in a place.
• 22:13
  Speaker 2: They have the gold, they're the ones that have been
• 22:15
  Speaker 2: buying it, ones have been.
• 22:16
  Speaker 5: Producing it, they have the now the bridge technology, they
• 22:20
  Speaker 5: have all of this stuff you need to do it.
• 22:24
  Speaker 5: And as far as I'm concerned, Look, Delma Rusov, the
• 22:28
  Speaker 5: former president of Brazil and the head of the new
• 22:30
  Speaker 5: Development Bank told us in January that they have agreed
• 22:33
  Speaker 5: in principle to a new settlement token called the Unit,
• 22:37
  Speaker 5: which was going to be traded over Mbridge. It's forty
• 22:39
  Speaker 5: percent gold backed and deliverable upon request by central and
• 22:43
  Speaker 5: commercial banks. So yes, they are going to do it,
• 22:46
  Speaker 5: and gold will be their de facto settlement currency, not
• 22:49
  Speaker 5: a unified currency for the bricks, but a unified settlement currency,
• 22:53
  Speaker 5: and gold will be pegged to it. Now they have
• 22:56
  Speaker 5: the ability to trade it instantly over the new bridge
• 23:00
  Speaker 5: technology bypassing swift.
• 23:03
  Speaker 2: I think it's it's in the cards for sure. Percent.
• 23:06
  Speaker 1: Well, one thing we're watching, of course, when you look
• 23:09
  Speaker 1: at a potential goalback stable coin is you know what
• 23:13
  Speaker 1: blockchain is it most likely in a land on. My
• 23:16
  Speaker 1: guess is it looks like it's probably going to be
• 23:18
  Speaker 1: Ethereum or some some fork of it. But back to
• 23:21
  Speaker 1: your point, we reported on what we saw within the
• 23:24
  Speaker 1: Asian countries kind of unifying around a possible you know,
• 23:27
  Speaker 1: cross border settlement. All this leaning into blockchain technology, which
• 23:31
  Speaker 1: obviously we talk about here on the show quite a
• 23:32
  Speaker 1: bit real Russia.
• 23:34
  Speaker 5: Paul, not to interrupt you, please give me just one second,
• 23:36
  Speaker 5: and that is don't forget these A Sea n countries.
• 23:40
  Speaker 5: Most of them have express interest in enjoining breaks. Many
• 23:44
  Speaker 5: of them are not. But this advancement is part of
• 23:47
  Speaker 5: China's broader strategy to bring together the Belt Road initiative.
• 23:52
  Speaker 5: You're talking seventy five percent of human population and fifty
• 23:55
  Speaker 5: five percent of global GDP right now, and all of
• 23:58
  Speaker 5: those countries fifty I don't know how many plus countries
• 24:03
  Speaker 5: they're not part of BRICKS. Now again, you unify all
• 24:06
  Speaker 5: of these countries under one type of new settlement system,
• 24:10
  Speaker 5: one type of infrastructure bypassing swift using gold. You see,
• 24:16
  Speaker 5: they think in terms of decades, we're thinking in terms
• 24:18
  Speaker 5: of seconds. They're playing four dhs, we're playing checkers. You
• 24:22
  Speaker 5: can see it doesn't have to just be bricks that's
• 24:25
  Speaker 5: the hub, but they have all of the periphery that
• 24:29
  Speaker 5: is aligned with Bricks's ideology that hasn't crossed over that
• 24:33
  Speaker 5: rubicon yet. But the Belt Road is a perfect example,
• 24:36
  Speaker 5: as are these ASEA and countries, the Southeast Asian countries
• 24:40
  Speaker 5: forty percent of global GDP that will choose their their
• 24:43
  Speaker 5: geographic partners.
• 24:45
  Speaker 2: I believe over the US and find safety in numbers.
• 24:48
  Speaker 2: That is the problem.
• 24:50
  Speaker 5: With what Trump is doing with tariffs, and his tariffs
• 24:53
  Speaker 5: to the brick stations are not tariffs, they're sanctions. If
• 24:57
  Speaker 5: you don't do this, Paul, I'm sanctioned you one hundred
• 24:59
  Speaker 5: and forty percent, or I'm tariffing you one hundred and
• 25:01
  Speaker 5: forty percent. No, that's not a tariff, that's a threat.
• 25:03
  Speaker 5: That's a sanction maskuera.
• 25:04
  Speaker 1: How long do you think that'll take Andy for that
• 25:07
  Speaker 1: to occur? I mean, if we really get unification, we
• 25:09
  Speaker 1: already see the technology is in place, it's moving at
• 25:12
  Speaker 1: light speed right now.
• 25:13
  Speaker 2: It's happening right now, the unification is happening. Yeah.
• 25:17
  Speaker 1: Yeah, you got Russia coming in with two crypto exchanges
• 25:20
  Speaker 1: trying to site, you know, sideset these sanctions, which that's
• 25:24
  Speaker 1: another factor that plays into it. So how long what
• 25:28
  Speaker 1: do you think?
• 25:28
  Speaker 5: Well, here's the I think. I think it's happening faster
• 25:32
  Speaker 5: than people think. But the amount of information I think
• 25:35
  Speaker 5: has been cut off after what the BIS did. They
• 25:37
  Speaker 5: do not want to tell the West what they're up
• 25:40
  Speaker 5: to until they're already done with it. I don't know.
• 25:42
  Speaker 5: I think that you could see this happening, fat I
• 25:45
  Speaker 5: don't know by the end of this year. Early twenty
• 25:48
  Speaker 5: twenty six. I think without question we are moving in
• 25:52
  Speaker 5: that in that direction. And as a side note, you know,
• 25:56
  Speaker 5: Judy Shelton, who I interviewed, told me and she was
• 25:59
  Speaker 5: Trump's nominee for the head of the Federal Reserve in
• 26:02
  Speaker 5: twenty sixteen, said that on July fourth, twenty twenty six,
• 26:06
  Speaker 5: he will issue gold back treasuries fifty year gold back
• 26:09
  Speaker 5: treasuries to start, and then smaller duration thereafter with stable
• 26:13
  Speaker 5: coins attached to it. Judy told me this on my interview,
• 26:17
  Speaker 5: and I think the race to connect gold to a
• 26:21
  Speaker 5: new system is underway. That's why we've seen the United
• 26:24
  Speaker 5: States become net importer of gold since January or since November,
• 26:28
  Speaker 5: with over sixty million ounces of gold imported. There is
• 26:31
  Speaker 5: a race and an understanding. I believe that gold will
• 26:35
  Speaker 5: be tied to some new monetary order.
• 26:38
  Speaker 2: So who's going to win the race?
• 26:40
  Speaker 5: I think the race is accelerating and they know that
• 26:42
  Speaker 5: who's going to be the first one to say we win?
• 26:45
  Speaker 2: First to market I.
• 26:46
  Speaker 5: Think has significant impact on future future trends.
• 26:52
  Speaker 1: Well, speaking of first to market, and also, you know,
• 26:55
  Speaker 1: an anticipation of what we've been looking at in watching
• 26:59
  Speaker 1: you know, R TOBA is just in general when it
• 27:01
  Speaker 1: comes down to commodities. This is I want to play
• 27:03
  Speaker 1: a clip for you because this is the tm NS
• 27:04
  Speaker 1: guy again talking about where this potentially could run, how
• 27:09
  Speaker 1: a token I system could actually come to fruit. We
• 27:13
  Speaker 1: asked him specifically if it could run within the XRP ledger.
• 27:17
  Speaker 1: This is what he said, listen it which chain would
• 27:20
  Speaker 1: you choose?
• 27:20
  Speaker 6: What I can tell you is it won't be on
• 27:23
  Speaker 6: ethereum because they need a different settlement layer which is
• 27:29
  Speaker 6: much faster, offering a hybrid model between private and public disclosures.
• 27:35
  Speaker 6: They don't want to disclose all their transactions like it
• 27:37
  Speaker 6: is on a.
• 27:38
  Speaker 1: The blockchain out there. XRP ledger would be a good one.
• 27:42
  Speaker 2: You know.
• 27:43
  Speaker 1: You could go right there to it and oh I
• 27:47
  Speaker 1: like that. Okay, that's all I needed, all right, So
• 27:49
  Speaker 1: we kind of pinned him down of potentially going into
• 27:52
  Speaker 1: that in terms of what that might look like. With
• 27:56
  Speaker 1: that being the case, you look at this move by SBI,
• 27:59
  Speaker 1: one of the largest Japanese groups out there in Digital
• 28:02
  Speaker 1: Hub now acquiring defimens I guess and if you look
• 28:06
  Speaker 1: at some of the things that have been happening, these
• 28:08
  Speaker 1: are the validators over on the xrpl EVM all the
• 28:12
  Speaker 1: big guys typical that you you know, if you understand
• 28:15
  Speaker 1: the XRP l EVM, then if you look at this
• 28:19
  Speaker 1: one right here, which has been added right here, SBI
• 28:22
  Speaker 1: adds them as a validator. So again we're looking at
• 28:26
  Speaker 1: a potential here where we could see back to the
• 28:29
  Speaker 1: XRP ecosystem become very very involved with what could happen
• 28:34
  Speaker 1: in commodities, specifically precious metals. What are your thoughts about that?
• 28:38
  Speaker 1: Do you feel like this is maybe the connection to
• 28:42
  Speaker 1: crypto that everybody's been waiting for.
• 28:45
  Speaker 5: Yeah, it would be, especially if they make a delivery mechanism.
• 28:48
  Speaker 5: That's the key to it. The key is to be able.
• 28:51
  Speaker 5: It's not just to be able to trade, but it's
• 28:54
  Speaker 5: the ability to possess it. You know, they talk about
• 28:56
  Speaker 5: the ability to go cross border to do these things,
• 28:58
  Speaker 5: the freedom, the cry the rails that XRP does provide
• 29:03
  Speaker 5: for this type of thought. If you have crossed the
• 29:07
  Speaker 5: bridge and are able to then provide delivery, you've won
• 29:13
  Speaker 5: the game as far as I'm concerned. And XRP certainly
• 29:15
  Speaker 5: seems to have the infrastructure.
• 29:18
  Speaker 2: And the rails and the partners. If you're able to
• 29:22
  Speaker 2: pull that off, I think you win the game.
• 29:24
  Speaker 5: And I haven't seen anything other than XRP that would
• 29:27
  Speaker 5: even lead me to believe anyone's even trying to do
• 29:31
  Speaker 5: this the right way. They seem to be doing it
• 29:33
  Speaker 5: the right way.
• 29:34
  Speaker 1: Yeah, well, I mean there are you know, there are
• 29:36
  Speaker 1: other organizations out there that have kind of gone in
• 29:38
  Speaker 1: this direction in terms of RWA's But the point really
• 29:42
  Speaker 1: boils down to yields, because I think that's where defy
• 29:45
  Speaker 1: the connectability of what we'll see, the interoperability of how
• 29:48
  Speaker 1: these ecosystems will work. You look at what securitizes doing
• 29:52
  Speaker 1: right here in Miami, and they even state it right here.
• 29:55
  Speaker 1: The ideas that we're going to we're going to go
• 29:56
  Speaker 1: live on the test now very soon then the main
• 29:58
  Speaker 1: net and the goal is to do that before the
• 30:01
  Speaker 1: end of Q two, which remember this is blackrock Ethereum
• 30:05
  Speaker 1: and arbitrum primarily. This could get very big, very quickly,
• 30:09
  Speaker 1: because we're going to see yields start to play out
• 30:11
  Speaker 1: within this with RWA, so this will be possibly obviously
• 30:16
  Speaker 1: we'll see token I securities, but we could see other
• 30:19
  Speaker 1: forms of this starting to go. It looks as though
• 30:22
  Speaker 1: the whole world Andy is about to shift monetarily to
• 30:26
  Speaker 1: a digitized platform. Back to your point, being able to
• 30:29
  Speaker 1: still deliver physical assets for these is going to be
• 30:33
  Speaker 1: important when it comes to go. If you look at
• 30:35
  Speaker 1: the key.
• 30:36
  Speaker 5: Paul, it's the key because it inspires, you know, the
• 30:40
  Speaker 5: immutability and the transparency of blockchain is beautiful and elegant.
• 30:46
  Speaker 5: But the final piece is, you know, show me how
• 30:49
  Speaker 5: I can possess it if I really want to. And
• 30:51
  Speaker 5: if you've done that, I think it's a game changer.
• 30:55
  Speaker 1: Listen, there is a lot brewing in the markets right
• 30:57
  Speaker 1: now around all of this. We will continue to cover
• 31:00
  Speaker 1: this for you guys, including the gold price, what's happening
• 31:02
  Speaker 1: with crypto obviously, what's going on with RBA is which
• 31:05
  Speaker 1: that seems to be an indicator right now of how
• 31:08
  Speaker 1: maybe the greater market could be moving. So Andy, great
• 31:11
  Speaker 1: to have you on the show today. Thank you so
• 31:13
  Speaker 1: much for stopping in.
• 31:14
  Speaker 2: Thanks for having me on.
• 31:15
  Speaker 5: I enjoy it, and I do think our two communities
• 31:18
  Speaker 5: need to do this more often.
• 31:21
  Speaker 2: So count me in anytime you have an open slot.
• 31:23
  Speaker 2: I'm here. I appreciate you having me on.
• 31:25
  Speaker 1: Awesome, Thank you very much. Are you guys if you're
• 31:28
  Speaker 1: not in the Diamond Circle.
• 31:28
  Speaker 2: Get in right now.
• 31:29
  Speaker 1: It's our own private group. It is hundreds of thousands
• 31:33
  Speaker 1: of members that come in every week. On our email,
• 31:36
  Speaker 1: I do a special brief that goes out to that
• 31:38
  Speaker 1: Diamond Circle. You guys can join for free. Just hit
• 31:41
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• 31:43
  Speaker 1: We'll catch you next time right here on tech Path