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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
Well, it's the origin of how this came about.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
And I think it's more of a conversation, obviously a bit adversarial, but not like a formal debate.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
There's no moderator.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
It's just kind of the two of us having a discussion about it.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
But the way it evolved.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
So I was doing an interview on another popular crypto podcast and the topic of tokenized gold came up.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
And so I said, yeah, you know, I certainly think that that's a viable use of blockchain.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
Ironically, it's probably one of the few things that could actually come out of it would be a way of making gold an even better medium of exchange.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
through the tokenization making gold more portable more fungible you know easier to use uh you know in commerce so i said look you know i'm probably gonna have my own i i started something called t gold uh and right now it's just a page on the shift gold website but if you go to tgold.com it'll take you there where you can set up an account
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
And this is to have gold where we don't deliver it.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
Like shift gold, people buy gold.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
We send out the bars or the coins.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
We mail it to their address.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
But with T-gold, you just buy whatever, you know, $100, $1,000, you know, $5,000 worth of gold or silver.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
And we don't deliver it.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
You buy it and it's, you know, segregated, but we vault it and have it stored for you.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
So you just have, you know, whatever quantity you want.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
Ultimately, what I'm working on is in addition to being able to withdraw your gold physically, you'll be able to withdraw it in the form of a token.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
And that token basically just represents your ownership of that gold.
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Peter Schiff “What Are the Rich 0.1% Doing Before the Next Financial Crisis”|EP46|Bonnie Blockchain
But once you have it in the form of a token, you can transfer it to somebody else.