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00:00:28
Welcome back to the Crypto Power Hour, the number one crypto show
00:00:32
on Rumble, of course, powered by our friends over at Solon
00:00:35
Global. Of course, we're with your host,
00:00:38
Lance Miliatu and of course, my ride or die George Ballantine,
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the crypto Bros. You know how we do it because
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this is your ultimate deep dive and everything crypto,
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blockchain and decentralized finance.
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And on this show, we don't care whether you're a seasoned
00:00:50
investor just stepping into the world of digital assets for the
00:00:53
very first time. We're going to bring you expert
00:00:55
insights, top interviews, exciting new projects, break
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breaking news and game changing innovation shaping the future of
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digital assets because you know the game plan baby on this show
00:01:05
in crypto, we trust George B. What's going on, man?
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You're in Florida. How how's it's not really a
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vacate, but how's your time there?
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How's it going, man? It's going good.
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You know, probably they're not going to notice, but I'm in the
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studio in Florida and sitting across from me on the opposite
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end is our guest, Sebastian. You know, we got to love it.
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Went out to dinner the other night.
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It's always good times with these guys.
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I'll say that because they're a class act.
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You got to love Florida. It's too bad Kirk couldn't be
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with us. He's busy, you know, handling
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some contract stuff. That's all right.
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I'll, I'm going to let him slide on this time, Lance.
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That's it. But keep the pressure on George.
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Don't let the. Pressure off, I'm going to grab
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him by his beard. We do need him running and
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gunning. That's how we do it.
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But of course, you know, if you like this show, don't forget the
00:01:49
most important thumbs up, comment, share and subscribe.
00:01:52
If you can do the $5 subscription, it's no big deal.
00:01:54
But we put a lot of work into these shows and there are a lot
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of costs you'll never see. We've got a studio in Denver,
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we've got a studio in New Jersey, but another one in West
00:02:02
Palm Beach, FL. It all causes overhead.
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And of course, but we do that because we want to bring you the
00:02:06
absolutely the best crypto show on Rumble and every other
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platform we're on. Let me start off because I've
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always got to thank the sponsors because of course they're a big
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part of it. And if you'd like to sponsor
00:02:16
this show, don't forget to hit us up at info@thebigbig.com
00:02:19
because that's how we do it. Always looking for some quality
00:02:22
sponsors because at the end of the day, that's what makes a
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difference. Of course, man, anybody that's
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not living under a rock knows that gold and silver's on fire
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and I'm holding up the 62.2g prepper bar.
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Perforated and easily broken down into your choice of three
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different denominations. And I don't care whether it's
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for asset protection from inflation, economic turmoil, or
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its unique utility for barter and trade.
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If you take a look closely, I'll tilt the bar.
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You can see there's three different sizes and those are
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perforated. You can just snap off a piece.
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You don't need to walk around with A1 oz coin and some 10
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snips. The idea is if the credit cards
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aren't working or the digital dollars here, or maybe it's just
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the US dollar's struggling and it's not available, this will
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fit neatly in your wallet and you can make a payment when you
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need to to protect you and your family.
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Course, these are a great gift. Hanukkah, Christmas, birthdays,
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4th of July. Nobody is not going to like
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getting gold and silver and at these prices, yeah, you're going
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to be wishing that you'd listen to George and Lance over two
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years ago we started telling you that bullion is way undervalued.
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It's an opportunity cuz man, it's on fire.
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We talking about in the show, we talking about some great
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opportunities. Also, the good news is got a
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promo code for you all caps prepper.
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PREPPER. That's PREPPR.
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The big migbar.com. That's the URL.
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George makes it easy with that QR code.
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The big migbar.com all caps prepper.
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Yeah, baby, let's do this break. Me off a piece of pepper pork.
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Oops, we just lost. That little audio delay.
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George loves his Jingle. Can't.
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We don't want to step on George's aspirations of being a
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great musical talent. So I was trying to give him the
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time to do that. All right, listen, we got a
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great interview. I'm excited about it.
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We've got Sebastian Sorel Watts, the CEOO and founder of Solemn
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Global. This guy is an extremely
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sophisticated Wall Street entrepreneur.
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He's been in a lot of successful projects.
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It's not easy getting him on the show.
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And when you hear about what is going on over at Solemn and AI,
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guess you can call it partial new spin off.
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This is exciting news. And with the way that gold and
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silver's in the market, pay close attention because you
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know, on this show, we want you to participate in generational
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wealth. We keep telling you head over to
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Solemn dot Global, the website, take a look and look at the
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opportunities you might want to get involved with this company.
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There is some early stage investment opportunity, but you
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got to go look at it. Again, none of this is financial
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advice because we're not financially licensed.
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All we're trying to do is educate you and we want you to
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take this education. Go talk to your financial
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advisor. Maybe dial up Solem today.
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But when after you hear Sebastian, you're probably going
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to want to at least send us your e-mail and we'll explain all
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that a little later in the show. Sebastian Sorrell Watts, our
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British connection over at Solem.
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What's up, brother? Hold on, Welcome to the crypto
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power Sebastian Watts, our British friend so.
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Thank you for having me on the show.
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Sebastian, it's great for you to be here.
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I know you guys have been running and gunning.
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You've been slammed every time I talk to you.
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You're so damn busy it's not even funny.
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Busier than A1 armed paper hangers.
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What we like to say here in the USI don't know what the British
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slang would be for that. Maybe there's something you can
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share with us. But I like to talk and maybe
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just start off with, you know, maybe what you're maybe a little
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more of your experience and then let's go right into what you've
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been working on over the last couple of months.
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It's been a while since you guys have been on the show.
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The show has grown tremendously since you were here last.
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We are getting some crazy views and and people are really loving
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the show. We get lots of great positive
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feedback. So we've been busy also, but
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let's jump right in. Give us Let's share with the
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audience, man, a little more of your background.
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Well, my background, I worked for Merrill Lynch for a number
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of years and then I got into the healthcare industry and ran as
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COO, several drug development companies and other
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pharmaceutical companies. So and then I met Kirk and that
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was a very interesting experience and we talked about
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crypto and I dove head first into this into this arena with
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him and we started Solon Global and with a getting into it was
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stable coin to start with. And then we got when we decided
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to pivot slightly and actually put applications to the
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blockchain and crypto. And the two areas that we have
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most, you know, applications in our opinion are healthcare with
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healthcare billing, which is called revenue cycle management
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and gold. So today we're going to be
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talking about the gold a little bit.
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And next time we'll dive into the healthcare and how we can
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dramatically improve that industry.
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So with that, we'll we'll start with the gold.
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And and let me do this. Sebastian.
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You know, George, you, you know this, we've had many shows where
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we've talked about the tokenization of assets and how
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and what the impact of it is on, on companies.
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So for the people in the audience, what's always
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important to me is, you know, we always get these questions.
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Well, how, why the hell does that matter to me?
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How does that apply to my world? You know they've we've talked
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about in depth tokenizing real estate assets in third world
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countries and otherwise and that market value coming online and
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how many trillions of dollars that is.
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What we're talking about here is the actual tokenization of gold
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and pre emptively before it comes out of the ground, which
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is unbelievable. It's not only is it innovative,
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I think you guys are the only ones doing it.
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But maybe start off, let me do this for the audience,
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Sebastian. Let's start off with the basics,
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just kind of explaining we've got a goldmine.
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They've they've been proven assets in the ground and take us
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from there as far as how you tokenize that, how it gets on
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the blockchain and what that how that kind of process goes
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through. Because these business
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initiatives, although very unique in themselves, Golden
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healthcare, you don't usually see them paired up, but that's
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what we're seeing, right? That's what we're seeing in the,
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in the, in the decentralized finance world, the crypto world.
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It's these innovative projects that are completely turning
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finance on its head, not only banking 'cause we talked about
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banking, you guys in the last show we talked about banking.
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It's turning the finance world on its head.
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And this is a real world application.
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So maybe start us from there. Let's talk to the audience and
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myself as if I never heard anything about this prior to you
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joining us today. Well, let me let me just back up
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to the beginning. We've had so much interest in
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the gold that we spun it into a new company and that is going
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forward very, very quickly. At this point, we've got
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investors in there. We're building out the platform
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so we can launch relatively quickly.
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Now we've made deals with with a couple of mines, one's in in
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Arizona and 1 is in, in Nevada. And the interesting thing about
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those two mines is the, the gold is between 5 and 15 feet from
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the surface, which means it's easy to access.
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And one might ask, you know, well, how do you actually know
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it's there? Well, there's a certificate
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that's called A-431-O, one that certifies with geologists that
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the gold is actually there. The problem that that miners
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have is getting the capital, capital to bring the gold out of
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the ground. Now, the perfect, perfect
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solution is tokenization. What they were doing before is
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they'd have to go to people with capital and get loans and they
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would give up a major portion of their company in equity and they
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would just be along for the ride.
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With our solution, they can tokenize the unrealized asset
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that's in the ground by the OZ, which we will sell.
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I'll get into that in a second. And for the miner, they bring in
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the capital, which can accelerate the rate at which
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they can bring the goals out of the ground.
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And, you know, if something's going to take 20 years, it might
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bring it down to five years for the mine or six years or have a
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long and have a fast they accelerate.
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So it's it's very good. And the the actual mining
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company and the people that own the land will will benefit a lot
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more. They're not having to pay, you
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know, large interest and and everything else that they might
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that's associated with borrowing the money.
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Yeah. And, and so for the audience,
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just to clarify, what he's talking about is when you have
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an opportunity in a gold mine where it's close to the surface,
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your costs are way lower. Normally you have to cut a shaft
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or you've got this massive operation where you're removing
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all the material, even the material doesn't have any gold
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in it, and you're circling down. You've seen these great giant
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holes in the ground that big mining operations use.
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Of course, in the gold business, cutting shafts is part of it.
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But tracking that gold is not as easy as everybody would expect
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because that gold doesn't just go straight down at an angle.
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It's a snake. They call it following the snake
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as an example in Mexico, and it will cut this way and that way.
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Sometimes it will dead stop or it'll become so thin it's hard
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to identify. You might be cutting a shaft one
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way because you're catching, you're widening a shaft another
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way, and that all carries a cost.
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Not only is it extremely dangerous in its own way because
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they have cave insurance and everything else, but in this
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case, this is kind of a low hanging fruit.
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The the goldmine that Sebastian is talking about.
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This is the best of the best. But what I think is important
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for the audience to grasp is in a normal gold mining operation,
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when they go to finance it, they're securing the assets at a
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far below market rate. They have to give up equity.
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There are tons of middle men in those agreements.
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And you know how that is. We talk about cutting out the
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middle men, one of George's favorite topics.
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He hates middle men and banking and everywhere else.
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The point is that this is different.
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You're cutting all those people out.
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Solom's not taking equity in these projects.
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So there's also that's gone. And now the beauty of it is that
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gold is being tokenized at retail value while it's still on
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the ground. Now let me make this last point
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and then George, I, you know, I think what we really want to
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talk about is maybe the news. And let's talk about gold and
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silver. I'm going to throw to you
00:12:43
because I want to hear what you have to say about where you
00:12:45
think this market is because you've made some amazing
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predictions. I'm going to start calling you
00:12:50
freaking Kreskin soon on this show because he's been he's been
00:12:54
making some financial predictions at Wall Street.
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Wishes they'd listen to George Ballantine right now.
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But here's the deal. You'd have to think about that,
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that you've got this in the grand acid and you're like,
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well, how the hell do I know that?
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It's really there. Those reports require so much
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testing. You have no idea.
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In the case of a of a shaft mine, you're taking core
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samples. In the case of this mine, you're
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taking multiple samples. If they find out the goals in
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the range of 15 to 25 feet, they are sampling like crazy.
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You can't get that certification without that sampling.
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That's how they determine the number of Oz in the ground and
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they also determine through that process what it's going to cost
00:13:29
to actually bring it out of the ground and turn it into that
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nice shiny gold oz that we see online that we all wish we had
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about 1000 of them in our sock drawer right now, but we don't.
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So that's really crucial. These guys, I, I, I can't even
00:13:43
over hype this, how important this technology that they have
00:13:48
kind of created and really how important it's going to be.
00:13:51
They didn't create tokenization, but taking this real world asset
00:13:54
at an early stage like they've done.
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Unbelievable. George, let's talk about gold
00:13:58
and silver in the news, but I guess we'll talk about gold
00:14:00
because all that glitters is gold right now.
00:14:02
Dude, you've been. You've been uncanny in your
00:14:05
predictions, brother. Well, thanks, Lance.
00:14:08
You know, I have an uncanny ability to see things.
00:14:10
But you know, listen from the from the discovery of gold,
00:14:14
can't go wrong with it. It's always held its value.
00:14:16
It's always gone up in value. Everybody wants.
00:14:18
It's got so many applications for its use.
00:14:22
You know, if you look at last year, a year ago to today's
00:14:25
date, it's gold is up 1300 and almost $30.00, right?
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We've seen a high of this week of 4074.
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Now it's like 3993 is teetering down a little bit, It'll go up.
00:14:38
And then you look at silver. Silver hit over $50 today.
00:14:41
It's back down like 49. But it's just going to continue
00:14:45
to go up and hold its value because listen, there's only so
00:14:48
much gold, right? There's only so much Bitcoin.
00:14:51
Think about that. There's only so much Bitcoin.
00:14:52
That's why it held so much value.
00:14:54
It was only so much gold. Once it's out, it's out.
00:14:57
That's it. So I mean, this is a great
00:14:59
opportunity to get on it. I mean, what's gold going to?
00:15:02
We're in what, September month? It's hard to predict what gold's
00:15:06
going to be at the end of the year now.
00:15:08
I already hit my prediction right twice.
00:15:11
Well, you know, you, you originally came out of the gate
00:15:15
4000 and then you felt a little conservative.
00:15:17
You said, no, I'm going to back up because you went from one
00:15:19
show to the next, said I'm going 3800, but you could have stuck
00:15:22
with four. You would have been the golden
00:15:24
child of the gold prediction. But you still, you hit the 3800
00:15:28
way ahead of where you thought you said end of year 3800.
00:15:31
So I can't really, I can't really sit here and critique
00:15:33
you. But here's a key and I want to
00:15:36
throw to you demand. Let's face it, we haven't seen
00:15:40
any announcements, announcements and I've been watching them
00:15:42
closely because of solemn. We're not seeing somebody come
00:15:44
out and said we just found, you know, 5 million ounces of gold
00:15:48
down in Colombia or we just found it in Africa.
00:15:52
We're not finding any big, you know, any big development as far
00:15:55
as projects that are coming on line.
00:15:57
Number one and #2 holy geez, how many countries are now adding it
00:16:01
to their strategic reserve? I think the only one that's not
00:16:04
doing is US. But everybody's buying gold and
00:16:07
that gold's not coming back onto the market, guys.
00:16:09
They are not selling. They're going to hold that gold.
00:16:11
Many of people have been holding on to gold for literally
00:16:14
hundreds of years in their strategic reserves.
00:16:16
It's a fact that's never coming back.
00:16:19
So gold is going to be continued to be in high demand.
00:16:22
It's like I'm going to hear. Let me do a little analogy here
00:16:24
because you just brought something up. the US right has
00:16:27
not add gold to its reserves. They still value the gold at
00:16:32
prices of $60.00 an ounce. Some say it's even $30.00 an
00:16:35
ounce. They haven't revalued what we
00:16:37
have. That's like saying when they get
00:16:40
Bitcoin at 110 in a Bitcoin reserve and leave and valuing it
00:16:44
20 years from now at 110 when it's like 250 or
00:16:48
whatever it might be. Or a million or several million.
00:16:51
Yeah, that means. Exactly right, it makes gold.
00:16:53
Sense. I can't figure out the the
00:16:55
actual number. I think, Natalie corrected.
00:16:57
US, I think the actual number might be $40 in change of that.
00:17:00
George, just so we know, we still have a standing offer to
00:17:02
the US government, George, and I'll buy every oz you have at
00:17:05
$100.00 an ounce. We're willing to give you more
00:17:07
than what you got it valued at. But Sebastian, what do you
00:17:10
think? I know I can't.
00:17:12
You don't have a crystal ball, but you do have a lot of
00:17:13
knowledge, am I right? The news is, is gold going to
00:17:17
continue going up? What do you think?
00:17:19
I, but I believe it is, I mean, right now it's, I mean it went
00:17:22
over 4000. It's kind of moderating just
00:17:25
below right now. It, it's correlating.
00:17:28
The stock market also went down. I know where it's at right now
00:17:31
because I didn't look in the last 30 minutes, but the stock
00:17:34
market went down and the goal went down with it, which is
00:17:37
correlating. Normally people, when the stock
00:17:39
market goes down, the goal will go up.
00:17:42
Historically that's generally what's happened.
00:17:45
So if the market does a big correction, I think the gold has
00:17:48
a very, very good chance of of going well, well past the 4000
00:17:53
mark. I, I think you're right.
00:17:57
And I think when you look at some of the people that are
00:17:59
fleeing, you mentioned backstage about the flight to safety from
00:18:03
other assets, one of them is the stock market and you mentioned
00:18:07
State Street ETF, they just had a $32 billion sell off.
00:18:11
Yeah, I heard I that's what I that's what I read.
00:18:14
I think some of these funds are are running to safety already
00:18:18
and that's where we're seeing the run up.
00:18:20
But some of the some of the companies in the S&P and the Dow
00:18:25
are, are still strong. And so we're seeing that the the
00:18:28
that market going up. But I think in the, in the, in
00:18:31
the background, there's some selling off going and people
00:18:35
going to goals because of the safety that I, some of the
00:18:39
multiples in the in the stock market are very, very high right
00:18:42
now. So that I would assume there's
00:18:46
going to be a correction. It's in some point, maybe not
00:18:49
this year, maybe the beginning of next year, who nobody can
00:18:51
tell because it keeps going up. But when that does correct,
00:18:55
people will go to gold. Well, you know what, I'm here
00:18:57
too. They're going to be dropped.
00:18:58
They say they're going to do possibly two more interest rate
00:19:01
drops by the end of the year. I heard that on the financial
00:19:05
news. So who knows?
00:19:07
I mean if that happens. You know I'm not.
00:19:10
A fan of Jerome? Powell, I think he's hurting us
00:19:12
overall. And at the end of the day, I'm
00:19:14
always nervous when the Oracle of Omaha, of course, Warren
00:19:18
Buffett, he's sitting on a stockpile of cash of almost $350
00:19:22
billion. Exactly.
00:19:24
When whenever Buffett's sitting on cash, it's because he thinks
00:19:28
the stock market's overvalued. And of course, the flight for
00:19:32
safety you just mentioned clear gold and silver is still going
00:19:36
to be keep glittering, you know, but let's let's I know you have
00:19:40
a. Question, I looked up to all
00:19:42
three markets. They're they're, they're down
00:19:43
across the board. But you know, let's get back
00:19:46
into the degree. So you're talking about
00:19:49
tokenizing gold. So what does it mean to tokenize
00:19:51
gold in the ground at mining sites?
00:19:53
Because I don't think a lot of people understand that.
00:19:56
That's a very good question and we should dive deep into that,
00:19:59
which is for the average person in the street, I mean.
00:20:05
Historically, gold has not been available.
00:20:07
You don't have people running around with gold bars or really
00:20:11
I mean the ETFs, they have ETF gold funds.
00:20:15
There's various different ways of participating in gold.
00:20:19
If you, I think last year Costco, you could buy a bar of
00:20:23
gold, but that's kind of. That's going that's going
00:20:28
mainstream and gold investment when.
00:20:29
You can pick up that's going. When you can.
00:20:32
When you can pick up a rack of cinnamon buns.
00:20:35
Bar gold, I mean, if that doesn't say gold's going
00:20:39
mainstream, it's not for the preppers out there.
00:20:42
You know, more people should have this in their sock drawer
00:20:44
at this point. I'm sure scrap gold market's
00:20:46
probably on fire. Everybody's trying to pull out
00:20:48
that piece of jewelry they don't wear any longer, you know?
00:20:51
You still buy gold at some Costco warehouses, like physical
00:20:55
at the at the warehouse but you can still get it online though.
00:20:58
Yeah, with these, with these prices, you better get an armed
00:21:02
guard on your way out because somebody might just snatch it
00:21:04
while you're too busy eating your slice of pizza.
00:21:06
Exactly if. Costco was smart.
00:21:08
If they were smart, they would approach solo and buy all the
00:21:11
gold because they they, oh, you know.
00:21:14
There's a good one. There's a good one.
00:21:16
No doubt there's a there's a client we should reach out to
00:21:19
Sam's Club also. What I'm what I'm actually
00:21:21
saying is you. Know exclusive to Costco.
00:21:24
Gold is getting George. We can.
00:21:25
Maybe we can get a sponsorship from Costco.
00:21:28
We keep plugging them hard. Go ahead.
00:21:30
Gold. Gold is becoming, you know, more
00:21:33
common. People are seeing it on the news
00:21:34
every day. You know, gold bars that we just
00:21:37
discussed at Costco. What we're doing is prior to
00:21:41
that, it's the gold actually in the ground.
00:21:44
So we've got a mine that has, we've got contracts on about
00:21:49
300 ounces of gold and each oz we're tokenizing so and
00:21:55
bringing it to the public. And can you explain that what
00:21:59
does it mean to tokenize gold in the ground at a mining site?
00:22:02
Really take us in in depth on that man.
00:22:05
I will. So basically what we're doing,
00:22:08
there's a 431-O1 which which is certifies that the gold is in
00:22:12
the ground and there's a process of, of mining, refining and
00:22:18
putting it in a vault. So through that process we can,
00:22:22
you have to wait for the gold to become a gold bar and there's X
00:22:26
amount of time. We're what we're doing with
00:22:30
tokenization is saying for the one ounce of gold that comes out
00:22:34
of the ground, we will tokenize that.
00:22:36
It'll be on the blockchain, it'll be public, public record
00:22:42
of that tokenization of that one ounce that you will own.
00:22:47
And it's going to be 20% below spot.
00:22:50
So let's say gold is now at 4000 and it goes up.
00:22:56
You can realize not only the 20%, but the increased value
00:23:00
when you go and sell your gold bar, when it gets into the vault
00:23:03
and you can take possession of it.
00:23:05
You can have it sent to you. You can, you can, you can sell
00:23:09
it. You, there's a number of things
00:23:10
you can do to realize that gain, but during the process of, of
00:23:17
having the gold in the ground, we want the, the people that are
00:23:21
buying that token to, to participate in the process.
00:23:25
So by that we're going to allow them to see, you know, where the
00:23:29
mine is, have cameras to, you know, where the refiners are
00:23:33
refining so they can see the whole process happening all the
00:23:37
way to the vault. And I think that's going to be
00:23:39
quite exciting. I mean, that's super exciting.
00:23:42
I want to know am I going to have to bring my smelting
00:23:45
capabilities and facilities equipment over to the mine so we
00:23:48
can I can smelt the fence and get it out to the people.
00:23:50
Do I have to do that? I want to see that.
00:23:53
George, you know, we're going to have to keep an eye on it.
00:23:55
George, he might be grabbing a a shot vac and like sliding it
00:23:59
into the gold concentrate and have his own mini smelter in his
00:24:02
trailer as he's running the cameras.
00:24:04
I think we better keep a close eye, maybe a couple extra
00:24:06
cameras on George. But, you know, here's the deal
00:24:09
for the audience. That's very harsh.
00:24:12
I wouldn't blame you. I mean, look at this kind of
00:24:14
deal, you know, and you're you're on a place where they're
00:24:16
pulling it out of the ground that quickly at 5 to 15 feet.
00:24:19
You know, it happens, that happens on gold sites.
00:24:22
I know George wouldn't do it, but there are many people that
00:24:23
have been known to steal the concentrate.
00:24:26
But for the process in the audience, when you take the
00:24:28
material out, whether it's rocks or whether it's dirt with gold
00:24:31
in it, they normally run it through a crushing circle and
00:24:33
then there's a process, flotation or otherwise, where
00:24:35
they turn it into concentrate. Now, at that point, it's still
00:24:38
not what you would consider 999 fine, which is what you see,
00:24:42
they're going to take that. And that's when it goes to the
00:24:43
smelter and all the impurities are pulled out.
00:24:46
And there may be other material. There could be silver, there
00:24:48
could be zinc, going to be copper.
00:24:50
That materials also taken off. There's enough of that.
00:24:53
There's an additional profit for the mining operation because
00:24:55
these materials aren't 100% pure when they come to the ground.
00:24:58
There are other minerals attached and the flotation can't
00:25:01
or cyanide leaching, which isn't really common in the US because
00:25:04
of all the EPA regulations. They've gone to other processes,
00:25:08
of course, vibration tables. You've seen it on some of those
00:25:10
shows, George, that what's that show you love?
00:25:13
I'm on it baby. George is on it.
00:25:16
He loves Gold Rush, he's a fan, he's a hobbyist behind in the
00:25:19
scenes. He doesn't want to tell anybody.
00:25:21
The Gold Rush. The gold rush That was a Chaplin
00:25:24
film. Charlie Chaplin was.
00:25:26
It Oh, that was an early, that was an early Charlie Chaplin,
00:25:28
right? Yeah.
00:25:29
You're dating yourself a little bit there.
00:25:31
I know you're not that old, but you probably saw it.
00:25:33
All right, let's talk about how does tokenization, how do is it
00:25:37
allow the investor, Sebastian to own a share of fruits or gold
00:25:40
production? Because it sounds really
00:25:42
frightening, right? The guy's going to give you this
00:25:44
money. You're not going to deliver the
00:25:45
oz. He's giving you the money up
00:25:47
front because he wants to make the 20% percent.
00:25:49
What secures him and how does he know which Oz he's going to be
00:25:53
getting? The Oz is coming and does he
00:25:55
have a timeline? Is there an estimated timeline
00:25:57
of the day he puts his money into when you're going to
00:25:59
deliver that property? That's a very good, that's a
00:26:02
very good question. And the way I would answer that
00:26:06
is the first come first served. So as it's, as it's mined in the
00:26:10
ground and it's brought up and it runs through the whole
00:26:13
process that you just described and it gets into the vault,
00:26:18
they're going to see that whole process.
00:26:20
They will see their token on the blockchain.
00:26:23
It'll be an asset that they can, they can see the actual token
00:26:27
and the process. And I, and I believe, you know,
00:26:32
the people that come in first on these, on the 1st 300 oz
00:26:36
will see, you know, six months or less.
00:26:41
We're hoping much less than that.
00:26:43
But I just want to give a very outside estimate of where the
00:26:47
timeline is. But once the gold is in the
00:26:52
vault and it'll probably be in a repository in, in Texas or
00:26:56
somewhere that they can actually physically go and get that gold
00:27:02
bar that that ounce of gold physically or they can sell it
00:27:08
or they can, they can trade it. So that's that's kind of the
00:27:11
unbelievable the process that we can see, but they can see that
00:27:14
all in the blockchain as well. I got a comment for you, George,
00:27:18
in the chat, they noticed that you've lost some weight.
00:27:20
I've got to throw to you because I know you've become the king of
00:27:23
supplements recently, and they're asking me in the chat
00:27:26
what's up with George? It looks like he dropped some
00:27:28
weight. No, George isn't sick.
00:27:30
He's found a kind of a magic bullet combination and I'm going
00:27:33
to throw to him just so he has an opportunity to talk about it.
00:27:36
I will. I will add that my I got more of
00:27:38
a tan because I'm in Florida though so it looks good right
00:27:40
right now. Maybe, maybe it's a combination
00:27:42
of a tan, but I don't think so. I know you have lost some
00:27:45
weight. We ought to share with you the
00:27:46
audience again. We only support the companies
00:27:48
that we actually believe in. Here's a product we actually
00:27:50
believe. In all right, thanks Sebastian.
00:27:52
This is for you buddy. You know by the time the average
00:27:55
person hits 60 they lost and regained several £100.
00:27:59
I bet you had no idea how much damage gaining and losing weight
00:28:02
could do. Doctors call it weight cycling.
00:28:05
Half Americans do it and if you do it enough you are at risk of
00:28:08
diabetes, liver damage, heart attack and stroke.
00:28:11
Weight cycling is when you lose 10 or so pounds, but then put
00:28:15
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00:28:17
That puts tremendous strain on your organs and lead to a
00:28:19
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00:28:23
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00:28:44
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00:28:53
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Once again, that's code big mega take lean.com.
00:29:05
I got the QR code right next to me in a picture of the bottle.
00:29:08
Save it. Take a screenshot, we'll take
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you right to lean, but don't go now because we got a lot more
00:29:12
edumacating to do here. Gold and crypto and everything
00:29:16
with it. And that's right, Sebastian, we
00:29:18
use edumacating. That's from that old viral video
00:29:21
where the guy was going. I'm trying to edge McKee people.
00:29:25
It is a joke. We do know that it's educating.
00:29:27
But of course, our audience probably knows that George and I
00:29:29
are pretty very sarcastic. All right, well, you know what
00:29:33
this means. We've got to take a short break
00:29:35
here on the Crypto Power Hour. On the break, 2 pieces of
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also take the live link share it with your friends and family,
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because let me tell you something.
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We're educating you from top to bottom on the crypto power hour.
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00:33:47
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00:33:51
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It's always, you know, gold for some reason our our other
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everything out. But you know, Speaking of
00:35:57
security, I got to ask what kind of security do you guys have in
00:36:04
place? Because we know the blockchain,
00:36:07
you know, it's unhackable. It's once it's on there, it's on
00:36:09
there. But people always want to know
00:36:11
if they're if things are secure. So is it so, so the technology
00:36:18
guys are implementing is it, I don't know is it linked to, is
00:36:21
it have security? Is it trace traceable by the
00:36:24
gold tokens? What can you give us a breakdown
00:36:27
here? Because we need to know.
00:36:28
Absolutely. I mean, I mean, in previous
00:36:31
episodes you've talked about the blockchain technology, which I
00:36:35
think is very, very secure. It means that each token that we
00:36:39
have that's tokenized for your ounce of gold or a fraction of
00:36:43
is very secure, transparent, traceable for the client and
00:36:48
providing an immutable record of ownership.
00:36:51
So you can see that on your account, it's going across an
00:36:55
exchange, which is, which is very secure.
00:36:59
And every step of the way, you can see the actual ounce of gold
00:37:03
or fractional however much you buy, you can see that on the
00:37:08
blockchain. And it's far secure.
00:37:12
More secure than having it in a Web 2 environment.
00:37:17
Nice. So, you know, if I open up my my
00:37:20
phone right now and I go to one of my apps and I have my solemn
00:37:23
tokens in there all right, how is the value of each one of them
00:37:27
solemn tokens linked to the gold reserves in the ground?
00:37:30
The solemn token we had, it's called Orcs.
00:37:33
It'll be called Orcs one. We've already minted it and
00:37:38
they, they're actually different than the ones we'll have on
00:37:42
solemn because we put a new silo for the, for the gold mining
00:37:46
operation because it's we're getting so much interest from
00:37:51
all quarters, from the miners and from everywhere else.
00:37:54
So we got the aux one coin which we'll be selling hopefully
00:38:00
within the next three months. We're just doing our regulatory
00:38:03
and compliance and we'll get into that in a second.
00:38:07
Did you catch on to that one? Because it went over him, right?
00:38:11
No, no, I, I no, I get it. I'm.
00:38:13
Still can, I'll wait and see if you're going to send me some of
00:38:16
them stolen tokens out of there. I know, I know what you're
00:38:20
asking. Exactly.
00:38:22
I got to take a shot. Man, you know, wouldn't it be me
00:38:25
if I didn't? But of course it is, it is how
00:38:29
they do it, you know, and, and these the way this is done, this
00:38:34
is more secure than maybe you even understand yet.
00:38:36
We've talked about how secure the blockchain and tokenization.
00:38:40
This is the real deal. And, and, and the idea behind it
00:38:43
is what an opportunity where other than the black market and
00:38:46
you'd have to go down to some mining operation in Kenya and
00:38:49
try to figure out how to steal some concentrate or otherwise
00:38:53
you can't buy gold below market. It just doesn't happen.
00:38:56
So this opportunity, I imagine you guys are going to sell out
00:38:59
so very quickly and maybe talk about the and I want to go a
00:39:06
step further. How do they track it?
00:39:08
How is the website, once somebody makes the investment in
00:39:11
these tokens, they said, hey, smash and I want 10 oz at those
00:39:14
prices. Can you explain what that's
00:39:16
going to look like as far as them tracking in the process?
00:39:19
Let's say these people were very lucky and they were smart enough
00:39:22
to invest at the very beginning. How does that look at online?
00:39:25
Because I understand you're going to have some really
00:39:27
amazing online tracking for that also.
00:39:30
Absolutely correct. I mean the, the point at which
00:39:32
they buy it will be 2020% below spot.
00:39:37
So our system will determine, you know, when they're buying
00:39:41
that gold, they'll have a spot price.
00:39:43
So if it's you know like $4000 today, they'll get it 20% below
00:39:48
that and they'll be able to track that that price through.
00:39:53
So they'll have their token which they bought at 4000 or
00:39:59
whatever it is, you know, $3200 and gold is currently, you know,
00:40:04
4000 maybe next week it's, you know, well next year it goes to
00:40:07
5000. By the time they get the gold
00:40:11
bar, they'll, they can see the whole process from bringing it
00:40:16
out of the ground all the way to the vault.
00:40:18
And then they have that decision of when do you sell?
00:40:22
Well, that's we have to get George in on that one, see his
00:40:26
his crystal ball and see, you know what, what that's all about
00:40:31
at this point, I don't know. I think I think it's a a good, I
00:40:36
mean a good place to be. It's always being a place where,
00:40:39
you know, if you're as a flight to safety, you go to gold.
00:40:43
And with the, what's going on in the world right now, does one
00:40:46
really know, you know where we're going?
00:40:50
There's a lot of, there's wars, maybe the, I mean, the, the Gaza
00:40:53
1 is going to have a ceasefire now.
00:40:56
We've got the Ukraine going, we've got China doing a
00:40:59
different thing. We've got, there's all kinds of
00:41:01
different fire points in the world that could, could bring
00:41:07
the market down and make people quite scared.
00:41:10
And I think once they do that, the gold opportunity will really
00:41:14
rise up. You know I have a question.
00:41:17
Is there a limit on how much gold a person can buy?
00:41:22
There's no limit. I mean it's we have a certain
00:41:25
amount as I said 300 oz right now on the 1st 2 mines.
00:41:29
So if somebody wanted to come in, buy 300 oz, they could
00:41:31
buy it all. They did, but then nobody else
00:41:34
would have a chance to get. It I'm just, well, I'm just
00:41:36
asking because you never, you never know, man.
00:41:37
Somebody has money, they want greedy, they want it absolutely.
00:41:40
They could 20. Percent below prices.
00:41:45
Yes, we're going to have a lot of people very much interested
00:41:48
in that. And if anybody is interested in
00:41:52
in finding out more about this, if they send an e-mail to info
00:41:55
at Solem dot global, SOLU, m.global and we will send you an
00:42:03
e-mail giving you some updates on when we will be releasing
00:42:08
this and when it'll be launched. And this is really the first
00:42:12
project, I believe with the economies of scale and the
00:42:16
opportunity for these mining companies to benefit not only
00:42:21
the operations themselves, but the investors in these publicly
00:42:23
trading companies. I have to believe that the new
00:42:27
entity and let me make sure I've got the the pronunciation of
00:42:29
this aureus. Is that right?
00:42:31
Aureus aureus Gold. You know, I mean, I can't
00:42:33
imagine what a windfall that's going to be for some of these
00:42:36
mining companies with this opportunity for those people
00:42:39
that have proven assets to say to make a public announcement
00:42:42
once this project is running along and you've sold the 300
00:42:45
oz, 300 oz. What an incredible deal for a
00:42:49
company that's already got a project that's been all vetted
00:42:52
and verified to team up with Arias and tell their investors,
00:42:56
hey, by the way, we were wrong. Our numbers are going to be 30
00:42:59
or 40% higher rate of return than what we first suggested
00:43:02
because we just teamed up with Arias.
00:43:04
Now that doesn't seem to be a pipe dream as far as I can tell.
00:43:07
No, it's certainly not. There's a cost of bringing them
00:43:10
the gold up and we, we briefly just, we discussed that the gold
00:43:15
that's at the surface is much cheaper to bring up than the
00:43:18
gold that's you're having to dink shafts.
00:43:21
So your margin is going to be far greater on the on the on the
00:43:25
former where you're got surface gold and.
00:43:29
Let me ask you this. Yes, I got to ask this.
00:43:31
I want to throw this to you because I want to make sure the
00:43:32
audience tracks. How can tokenizing gold improve
00:43:36
liquidity for mining projects as compared to traditional
00:43:39
financing? I guess that's the best way to
00:43:41
frame that question. For the for the miner, it's the
00:43:47
liquidity of having the gold. Right now they're not, they're
00:43:51
not monetizing the gold in the ground.
00:43:54
They have to get an investor in to come in and finance the
00:43:59
operation. This way the miner is actually
00:44:03
tokenizing the gold through us and they're getting the money to
00:44:07
be able to go and mine and get the gold out of the ground on a
00:44:13
on a much faster basis. So the liquidity will be there
00:44:17
for them to do that. And isn't it basically for the
00:44:20
audience you're you're getting, you're cutting out all these
00:44:23
people in the middle and it's an opportunity for these investors
00:44:26
to own basically, it's kind of like owning fractional ownership
00:44:29
in the mine, is it not? To a certain extent, yes, but I
00:44:33
mean most people, I mean, let's get back to those people who are
00:44:37
in Costco buying that bar of gold.
00:44:39
They haven't been able to do that before and have a piece of
00:44:41
gold in their hand. This is where they get, you
00:44:44
know, to your point, they get part ownership of their Oz
00:44:50
that's in the ground in that, in that mining operation.
00:44:52
So yes, and let's that's their gold.
00:44:57
Let's talk about these tokens because again, we, you know,
00:45:00
whenever a token comes out, it's tradable.
00:45:02
So what kind of an advantage are these investors going to gain?
00:45:05
They're going to have an opportunity, I assume to be able
00:45:07
to trade these gold backed tokens and they won't have to
00:45:10
participate in the physical gold, which some people want.
00:45:12
The physical gold. There are all the people that
00:45:13
want to hold that Oz, they want to stick it in their gun shape
00:45:16
or their safety deposit or their sock drawer.
00:45:19
There's those people. But then there's the other
00:45:20
people that now have a token that is legitimately backed by
00:45:24
gold that should be a great asset to trade with, am I right?
00:45:28
Yes. And as I said, the the it's
00:45:30
based on on your initial purchase price at at spot, but
00:45:34
it's a utility. So they have to hold it till
00:45:36
they physically get the gold into the into the vault and then
00:45:40
we turn it over to the client at that point and it's their
00:45:45
obligation or or not to go and sell it.
00:45:50
And they have a choice. They can keep the token or they
00:45:52
can take the hard bullion itself, correct?
00:45:54
They can get actual delivery if they choose, or you can continue
00:45:57
to hold the token. And then you can trade the
00:45:59
token. You can exchange it for Bitcoin,
00:46:00
you can exchange it for Ethereum XRP maybe.
00:46:06
So let's talk. So when they so the Redeemer
00:46:08
convert these AXAU X1 and is that what the token's called OX
00:46:13
1? So they can even trade it for a
00:46:17
Fiat currency if they choose, correct?
00:46:19
Yes. Yeah, that's amazing,
00:46:22
unbelievable. I think that's such a big deal.
00:46:24
And of course, I think it really helps small investors.
00:46:26
It kind of puts you in the case where you you're getting an
00:46:29
institutional advantage at a small investor breakthrough.
00:46:33
And of course, breaking these these, the gold ownership into
00:46:36
these smaller digital tokens. So even investors with limited
00:46:40
capital can participate in these mining projects at a below
00:46:44
market price, which normally tell me if I'm wrong guys.
00:46:49
Normally, only the big institutions would have this
00:46:51
accessibility. You're exactly right.
00:46:53
You're down, down to the to the people who are walking through
00:46:56
the door of Costco, they can actually participate in a mining
00:46:59
operation. And that that I has not been
00:47:02
done before. And it's because of the
00:47:03
tokenization blockchain and and modern technology that we're
00:47:07
able to do that. Where are these mines at?
00:47:10
One is in Arizona and the other is in Nevada.
00:47:13
All. Right.
00:47:15
Those are our first two and we're, we're in negotiations
00:47:18
with, with several more mines that now have have looked at
00:47:23
what we have and how we're doing it and they want to they want to
00:47:26
jump in there. So we're negotiating with them
00:47:28
as well and that's going to bring on a lot.
00:47:29
More gold. I got to plan trips to Arizona
00:47:32
and Nevada. I forgot it.
00:47:34
I'll buy you the shovel. At these at these numbers, we
00:47:37
might, we might have, but we have to jump on that Aria's
00:47:40
private jet, which I hope is in the near future.
00:47:43
I saw a really hot one that doesn't have windows.
00:47:45
It seems to be the go to jet nowadays.
00:47:47
No windows. No Windows big.
00:47:48
Panels, It's crazy. I just looked at it the other
00:47:50
day. I don't know what it cost.
00:47:52
I didn't want to check the price.
00:47:53
It was frightening, but really, really handsome.
00:47:55
Jet. But look, let's talk about the
00:47:57
strategic alliance with the Mercado exchange.
00:48:01
Can you explain? I guess that Mercado has about
00:48:03
6 users. Why did you guys choose them as
00:48:06
the main exchange partner for Solemn?
00:48:09
And again, maybe tell everybody who Mercado is first and then go
00:48:12
into the details. Yeah, Mercado is a Latin
00:48:16
American exchange with 6 users on it.
00:48:20
We want to be very compliant in the US.
00:48:23
So there's two steps that we're going to go through #1 is, is
00:48:29
with the Genius Act, which just came, got passed the in actual
00:48:33
integration of that into real world businesses and, and coins
00:48:41
needs to be kind of the fine details that need to be written
00:48:45
out right now. So while that's all being
00:48:47
implemented, we wanted to get this onto an exchange, be fully
00:48:51
compliant. It will be, I mean, we're, we're
00:48:55
just in the, in the point right now where we're determining
00:48:59
whether it's security and, and getting involved with a company
00:49:02
that is that's on the exchange. So we're doing a number of steps
00:49:06
there to make sure we're absolutely fully compliant.
00:49:09
So then when the, the, the results of the Genius Act come
00:49:14
into play, we, we'll move into the, we'll have on US exchanges
00:49:19
and it'll be sold on US exchanges as well.
00:49:22
But that's, that's the second step.
00:49:24
And I think it's very imminent as well.
00:49:27
The Mikado Exchange offers a very large trusted user base, a
00:49:33
strong digital payment of instruction in Latin America,
00:49:37
making it very easy to reach the mass adoption for our tokens.
00:49:42
And I think that will spurn even more sales as we go forward.
00:49:45
But definitely the getting back to the mining operations
00:49:49
themselves will be in the United States.
00:49:52
Nice I saw. All right, in case anyone missed
00:49:54
this, I got to ask this. And can you explain how will
00:49:57
Solom's gold backed tokens be listed and traded on the Mercado
00:50:01
exchange? How they will.
00:50:04
Yeah, listed and traded, yes. They will be traded.
00:50:07
We're we're going to be launching that.
00:50:09
I mean, as I said, probably hopefully in the next, you know,
00:50:12
three months we've got some details to work out.
00:50:16
So I'll have to, I mean, I will be coming back to you when I
00:50:19
have exact details of that which I can't speak speak about right
00:50:23
now. You say coming back, but we have
00:50:25
another after we have a whole another segment to Part 2 of
00:50:28
this that I'm going to say I'm going to call a shot here that
00:50:31
we're going to do it for Wednesday you.
00:50:33
Want to do it for Wednesday? Yes.
00:50:35
People want the information. They need it.
00:50:37
They need it now. Make sure they can get involved.
00:50:40
Solemn, global. Yes.
00:50:42
Yep. Solemn.
00:50:42
Yep. Orcs.
00:50:44
What the orcs? One coin it's going to be.
00:50:46
It's going to be available. If you send an e-mail to info at
00:50:49
solem dot global, we'll give you more information.
00:50:52
And watch last week's show, too, because you're going to be.
00:50:56
Let me ask you this, Sebastian. So Murano's going to be the
00:50:59
market maker and they're going to be ensuring there's liquidity
00:51:03
and of course, price stability, which is a big thing because of
00:51:06
course, we've seen lots of tokens that don't have enough
00:51:08
liquidity on some of the early projects.
00:51:11
Although with the new legislation, hopefully that's
00:51:13
going to go away. We don't have to worry about it
00:51:14
because I saw people that had these tremendous upsides
00:51:17
available on different tokens and of course then they went
00:51:20
into the market and they couldn't sell anything because
00:51:22
there was no liquidity. So can you explain a little bit
00:51:24
that about how that role of what kind of liquidity maybe we're
00:51:26
going to be looking at or can you talk about that yet?
00:51:29
I can't talk about exact numbers on the exact liquidity, but
00:51:34
Morano is going to be a very, very important component.
00:51:40
They're market makers, they're very well known.
00:51:43
They will give us that liquidity and sales and the marketing that
00:51:46
we need and the support that we need to get these orcs 1 coins
00:51:51
out into the marketplace. And we think we're going to be
00:51:53
very successful there in doing that.
00:51:56
So let me, let me get this. So because of course for
00:51:58
everybody out there, you know, Mercado, you know, and Murano,
00:52:01
they're a big deal in Latin America, but you guys also have
00:52:05
a seat on the Dubai Gold Exchange as far as I know, is
00:52:08
that correct? Correct.
00:52:10
What's the play? Is there any kind of a
00:52:12
partnership moving forward? Can you describe that at all?
00:52:15
Or again, am I? Am I putting information out
00:52:17
there I shouldn't be right now? No, you can put that out there,
00:52:20
but I think that'll be a second step.
00:52:22
We, we're, we're definitely starting with Mikado because
00:52:28
that was a lower threshold for us to get on and improve our
00:52:34
technology, prove there's a market and then we can expand to
00:52:38
other exchanges in the and it be in the US the the Dubai Gold
00:52:43
Exchange. We will.
00:52:46
We could definitely do that as a step 2A.
00:52:48
Phase 2 is to is to integrate that into the into the whole
00:52:52
system. I got to go to Dubai too.
00:52:53
OK, that's. Some travelling.
00:52:55
That's some travelling there. I'm game, I'm good.
00:52:57
Listen, I bring your appointment along with me.
00:52:59
Don't worry. George is going to need one of
00:53:00
those pink Rolls Royces that are rolling around Dubai.
00:53:04
Those light pink ones, that special edition they did for the
00:53:06
guys in Dubai. Pretty hot car actually.
00:53:09
It's like a light kind of a translucent glowy pink thing
00:53:12
that they did. I saw one in some video.
00:53:15
I was like wow. Look at that.
00:53:16
Listen, I'm rolling with Sebastian and Kirk.
00:53:18
So whatever they're in the car and I'm in the car with them.
00:53:20
That's. It, that's it, we'll make sure
00:53:22
they're in the front and you're in the back and you can have a
00:53:23
bottle of Grey Poupon you. Can offer people as.
00:53:26
You're driving around, not that serious.
00:53:27
Well, listen, let's do this, Sebastian.
00:53:29
I want to make sure we got a couple of news items I want to
00:53:31
cover. But let's really quickly, how do
00:53:33
people let's talk about Solon dot global?
00:53:36
I don't know if Arias has a website yet.
00:53:38
How do people, if they can't get the information in it because
00:53:40
you can't talk about it, how do they get on a list?
00:53:43
Because I'm sure many people after they watch this S but are
00:53:45
going to be chomping at the bit like, man, this sounds
00:53:47
unbelievable. I'm interested, how do I get
00:53:49
involved? You might even find some people
00:53:50
from big institutions. We've had some big institutional
00:53:52
show companies watching this show.
00:53:55
So let's give them some information on how they get a
00:53:57
hold of you, how they get a hold of Solum and Arias.
00:53:59
Yes, if everybody wants to send an e-mail to info at solum dot
00:54:04
global, SOLU, m.global and we'll put you on our mailing list to
00:54:11
give you more information about the gold.
00:54:12
Please mention that you're wanting information on the gold
00:54:16
and give us your name and we'll give you updates on when we're
00:54:19
going to be launching it and other details as we move forward
00:54:23
and they will be in the very near future.
00:54:28
Great opportunities to pay attention.
00:54:30
Of course, nothing on the show is financial advice.
00:54:32
You want to talk to your own financial advisors, but this one
00:54:35
sounds like a pretty good one. Check it out.
00:54:37
Let's talk about XRP. You know George and I are
00:54:39
Diamond Han Hodel guys when it comes to XRP Looks like the
00:54:43
price waiver is all all teetering recently on this
00:54:46
BlackRock deal. Got some bears out there
00:54:49
roaring. I tell the bears shut up George.
00:54:52
What do you think? Ripple's link inked A crucial
00:54:54
deal with the to securitize and of course to introduce tech
00:54:57
companies native RLUSD stablecoin.
00:55:00
This is a big follow up from the strategy that they disclosed
00:55:03
last month. Ripple announced that
00:55:05
Blackrock's BUIDL vital I guess is pronounced and Van XV bill
00:55:10
tokenized. U.S.
00:55:11
Treasury hold holders will also be able to cash out directly to
00:55:16
the Ripple RLUSD. It's a $30 billion entrance into
00:55:20
the RDDAW course. Man, this French freshly
00:55:25
launched stablecoin seems to be making some big moves, George.
00:55:29
It is it's listen, it's putting them in a favorable position.
00:55:32
It's in the 30 billion real world asset market.
00:55:37
So this all this is this is just going to enhance XR PS coin
00:55:40
liquidity worldwide. You know, if you look the last
00:55:44
day XRP dropped a little bit, even Bitcoin dropped a little
00:55:47
bit, but you know, it's all due to SSEC holding things back.
00:55:52
And but my boggles me is we have the first crypto administration.
00:55:58
You put the right people in right positions to advance
00:56:01
crypto. He said he wants to make USA the
00:56:04
crypto capital of the world. Well, somebody better get on the
00:56:08
SEC and tell them to move their butts because XRP should be a
00:56:13
lot higher right now. Lance and we know they're
00:56:15
holding these contracts, but they keep, they keep making
00:56:18
these big time moves. Diamond hands baby on XRP, but
00:56:22
here's the deal. To me, it's bullish.
00:56:24
All these signals are bullish. The deals that are out there
00:56:26
that XRP is involved in and the more they're in the market
00:56:29
globally and of course, with the legislation that's in place.
00:56:32
I got to ask you, Sebastian, what are your thoughts?
00:56:34
I know we had kind of this, you know, we tumbled below the $3
00:56:38
psychological threshold, which I could care less about.
00:56:41
But look, a lot of people are saying that if this deal is
00:56:45
inked completely and goes all the way through the next three
00:56:47
months, XRP could easily see, you know, 365 up to $4.00.
00:56:52
What are you, what are your thoughts on this?
00:56:53
You think this is bearish or bullish?
00:56:56
I think it's bullish. I think it's, I think it's going
00:57:00
to go up and I think there's definite potential here.
00:57:04
There's no doubt, of course you know XRP is the OG of all coins.
00:57:08
If it hadn't been for the the SECI think it would be in a
00:57:12
completely different spot, you know, and and of course, they've
00:57:15
still got those 3300 agreements that are under NDA because of
00:57:19
the SEC Hopefully that news will start to release what that
00:57:22
impact. But you know, there are people
00:57:24
that are saying the top three reasons that XRP could surge is
00:57:27
amid these ETF approvals is of course, they've been delayed by
00:57:32
government because of the shutdown.
00:57:34
But listen, all the holdings by public companies, they've
00:57:37
surpassed 11 1/2 billion increasing demand.
00:57:41
There are people adding it to their strategic reserves
00:57:43
globally and Ripple's actively expanding its ecosystem, which
00:57:46
you guys know, we talk about regularly.
00:57:48
Lots of strategic partnerships and lots of partnerships that
00:57:51
have already been inked, but they haven't even announced.
00:57:54
And of course, the technicals all point to a rally of up to
00:57:58
37%, which again puts you in that 390 to $4.00.
00:58:02
And I think if it kicks past, it hits that $4.00 threshold, the
00:58:06
amount of support that'll be be created because you know, baby,
00:58:09
you know, it's still October. When you're looking at October,
00:58:12
all bets are off. You can't count it out yet.
00:58:15
I see a lot of good things. What do you guys think?
00:58:17
Do you think we're shaping up to be a landmark month for Ripple,
00:58:19
George, is it or not? And the time we got left.
00:58:23
Talking about price wise going up.
00:58:25
I mean, look, October's been shaping up.
00:58:28
There's a lot of weird things going on, but of course, the SEC
00:58:30
deal's done. Where do you think, where do you
00:58:32
think are we going to see upside before the end of the year?
00:58:36
I think very little bit not not what we what we hope for.
00:58:40
No, OK, it's. Going to take and what do you
00:58:42
think upside before the end of the year, Sebastian?
00:58:45
I, I think there'll be a slight uptick on before the end of the
00:58:50
year, but I think there's going to be beginning of the first
00:58:53
quarter of the year. I think there'll be some
00:58:54
movement. All right, well, we'll see bears
00:58:57
and bulls, you know, on this show.
00:58:59
We got to do it all. Of course, don't forget, if you
00:59:01
like the show, the important thing is a thumbs up comment,
00:59:04
share and subscribe. Maybe go over to Chris
00:59:06
Poblowski's feed on X let him know, hey, we love that Crypto
00:59:10
Power Hour show. We'd like to see more of it.
00:59:13
You guys ought to really jump on that show.
00:59:15
Maybe he hasn't seen it, maybe he has.
00:59:16
Hopefully he has. And of course, don't forget, you
00:59:19
want to go over to Solem dot Global, you better bookmark that
00:59:22
website and keep an eye on them because they're making big
00:59:24
moves. Sebastian Sorrell Watts sounds
00:59:26
like he's semi committed to being here again next Wednesday.
00:59:29
Hopefully he will because we want to talk about that AI
00:59:31
healthcare wallet. Now don't forget Solem dot
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global Solem global on X give him a follow the crypto power on
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X give him a follow. Hit that follow button here,
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send it to your friends and family and follow G Ballantine
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Lazmiliacho on the big mig show. You know you're going to find us
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on X true social gab and getter. It's how we do it
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info@thebigmig.com. If you'd like to sponsor the
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show, get on board. Now you're going to want to get
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on on the crypto power, our freight train, the crypto we
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trust, baby George, last words. All right, it's Friday.
01:00:02
It's the weekend, but don't forget the big mini show at
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11:00 AM Eastern. After that, you can enjoy the
01:00:08
weekend. Stay frosty, stay safe and stay
01:00:10
blessed. Love you guys.
01:00:12
All peace out. Thank you, Sebastian.
01:00:14
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