All Episodes

September 9, 2025 • 13 mins
Gold surged past the $3,600 an ounce level for the first time on Monday, hitting a record high, as soft U.S. labor data reinforced expectations the U.S. Federal Reserve will cut interest rates next week. Meanwhile, tokenized gold continues to rocket on Ethereum.

~This episode is sponsored by iTrust Capital & Gemini~
iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul

Sign up for The Gemini Credit Card and get an extra $50 in crypto!➜ https://bit.ly/GeminiPBN

00:00 Intro
00:10 Sponsor: iTrust Capital
00:40 Gold all time high
01:10 Gold is the safe Bitcoin
01:30 El Salvador buys gold over Bitcoin
01:50 Tether dumping Bitcoin for gold
02:10 Gold vs Treasuries
02:30 Gold mindshare vs Bitcoin
03:00 It’s Already happening in Venezuela
04:15 Onchain gold is cheaper
04:45 ETH Gold up 100% YoY
05:00 Ethereum gold rush to DeFi
05:20 Gold yields on telegram
06:10 Asia - Hong Kong Gold
06:50 Sui Gold
07:00 World Gold Council 2026
07:30 Federal reserve independence fears
08:00 Sponsor: Gemini
08:40 Peter Schiff was right
09:45 Stocks & collectibles on ethereum
11:30 Digital gold has cultural roots for kids too
12:20 The Flip
12:40 Outro

#Crypto #Ethereum #Gold
~Ethereum Boosting Gold To New All-Time Highs!🚀~
⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
Mark as Played
Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Today let's break down where gold could be going in
the market and why Ethereum is technically very connected. My
name is Paul Barren. Welcome back in to the show.
Let's get into it today. I do want to thank
our sponsor and that is I Trust Capital. We're going
to be talking about gold today. And did you know
that you can actually put gold and silver into your
CRYPTOIRA account in I Trust. Very easy to do and

(00:21):
if you haven't set up an IRA, go out check
with your tax advisor. This is one of the best
things you are going to do in your diversified asset portfolio.
Do it, you'll thank me later. Click the link down below.
It's going to give you up to one hundred dollars
in funding reward just to get started over there with
I Trust Capital, and you too can start your whole
investment journey. Let's get into a couple of points on

(00:42):
and of course, one of the biggest is gold is
now hitting all time highs again at thirty six hundred
and fifty bucks. This is a monster rally and it
does not show any signs of slowing. I anticipate we're
going to continue to see growth on this. What we're
going to break down today is it's connection to ethereum
and why actually gold could be the outperformer here along

(01:03):
with ethereum. And I'll explain all of that in a second.
On another note, here's Cantor Fragel who launched a gold
protected bitcoin fund.

Speaker 2 (01:12):
This is for.

Speaker 1 (01:12):
Credit investors, but it does show you the kind of
the direction here, and I'll zoom in on that where
capital that is in these funds would be protected up
to one hundred percent of the initial investment if bitcoin
declines in value, and of course that's going to be
done in gold. So again this is where bitcoin and
gold start to go head to head with each other.
But there are some factors here that start to play

(01:32):
into this. El Salvador also putting more money instead of
into bitcoin, they're going into gold. So purchase another almost
fifty million, So a nice little move, very small country,
but again starting to move in this direction. And then
if you look at Tether, Tether doubles down on gold
strategy with an additional one hundred million in elemental investment.

(01:53):
This is a Canadian royalty firm that's all pushing toward gold.
And remember this is something that Tether has been strategically
doing anyway, and they continue to build on that asset,
so they have a lot of diversified assets against their
stable coin gold starting to grow overall. If you compare
this to how foreign banks are holding gold, there you

(02:14):
have it. For the first time since nineteen ninety six,
you have gold now outpacing US treasuries as a foreign reserve.
So that's another factor that continues to push into the
gold market. One other thing I want to show you
right now is just the comparison around search terms. This
is over the past five years. You'll notice gold versus bitcoin.

Speaker 2 (02:34):
Gold.

Speaker 1 (02:34):
Of course, after the runs we saw in twenty twenty
one on bitcoin, this was the run up, and then
of course gold has been starting to climb here really
since about February of twenty twenty four, starting to climb,
and Bitcoin at that same time has slowly started to
trend downwards. So are we at the beginning of a

(02:54):
shift of how gold plays into this. And I know
you guys are thinking, no, Paul, it's bitcoin all the way,
all the way. I want to show you a clip
because this is Mike Maloney talking about this, that this
is actually already happening.

Speaker 3 (03:07):
Take a look it's already happening in Venezuela. He goes
into a supermarket where everything is priced in grams of gold,
point zero six grams of gold everything, and that price
is about forty four bucks a bottle. How they pay
with these little flecks of gold, and he's paying in
gold on a scale. She weighs it and logs it

(03:30):
all in stamps these receipts, and they've just paid in
real gold. If you minute into a coin of equal weights,
you've got money. You can digitize that money. That's fine.
If it's just payment in gold, then gold will win
and the public will not be getting scammed.

Speaker 2 (03:53):
All right.

Speaker 1 (03:53):
So the point being is that that's not going to
be the way payments are done, guys. So the point
is that we're getting out there is that that's what
people are doing, the level of you know, effort that
they're going to to try to make payment, and I
think digital gold is going to be the way it
all plays out. That is going to happen on the
ethereum ecosystem. If you look at also where you could

(04:16):
buy gold right now, Look at this, if you go
into websites right now, this is one hundred ounce of
gold right there. First website three hundred fifty four k,
second three fifty nine and so on. Then you go
over here on chain, you're getting so much more value
from the same purchase level at three hundred and forty one.

Speaker 2 (04:33):
So that again goes.

Speaker 1 (04:34):
Back to the factor of the utilization a lot of
what we're going to see in terms of digitalized a
digital gold and tokenized gold. Let's go over and you
look at tokenized goal supply. It's up one hundred percent
year to date. This is just showing PASG and xaut
which is tether, all of which are on ethereum. So
that's our point right here. If we are going to

(04:57):
see a flipping, and the likelihood is it could be
gold and ether in the limelight instead of bitcoin. Adding
to this, now you're going to look at this point
right here, is that people are chasing DeFi yields in gold.
So that's an example again of the gold value that
comes into this. And if you look at a couple
of tweets right here, you can of course earn gold

(05:19):
by hoddling in your crypto wallet right there, So that
just makes it easier look at the amount of percentages
that we're seeing in terms of yields. So that's a
major shift forward as we start to see digital assets
and think about the consumer and the investor that is
starting to migrate into this. This is why it gets
very intriguing. So if you look at this, this is

(05:42):
in reference back to DeFi. I used to think gold
was only for storing after purchases, but now I can
actually earn yield by holding holding gold directly in a wallet.
This was just showing an example of a yield of
up to fifteen percent that's paid daily, which is pretty significant.
Imagine these countries that could take that gold and start

(06:02):
to do the same thing and be able to offset
that with just these yields that are being paid. So
pay attention guys. We're starting to see some movement here.
One of the projects that has started to move on
this is matrix dock. This is one that of course
also on and this one of course you'll notice right here,
let me kind of zoom in on that. That is
the new listing right there on Suie. One other thing,

(06:25):
if you look further into the sheet, this is the
vaults in Asia. So it's a limited market here for
matrix docks right now, but that's actually a big market.
Further on down in the sheet you can kind of
see the Asia centric focus Singapore and Hong Kong. All
this starts to move into a bigger theme that could
be setting up in terms of how this all transition

(06:45):
for blockchain, so pay attention to it. The other thing
that you got to look at is just looking at
XAM right there and the kind of lending protocol that
is out there for DeFi again paying pretty significant yields
on that.

Speaker 2 (06:59):
At twenty six percent.

Speaker 1 (07:00):
So all of this optional World Gold Council now setting
to launch digital Gold in twenty twenty six. I don't
know if this is going to be fast enough, but
the point is is that you've got the biggest gold
organizations in the world now understanding to make this a
reserve asset.

Speaker 2 (07:17):
Just like a treasury or other things.

Speaker 1 (07:19):
You've got to get it into a token ice model,
and they understand that.

Speaker 2 (07:22):
Let me go to this, let me go.

Speaker 1 (07:24):
To this this article right here. Goldman Sachs says emerging
risk could since gold up another forty percent. There's reasons
and it boils down to this, Trump's going to fire Pal.
Pal's going to be out, So there's a risk there
on the FED. The FED will then of course start
printing money because we're gonna see all these rate cuts
when you have that printing occur. Next step of is debasement.

(07:44):
People will go to gold. That's where gold and sacks
is looking at. And then you've got the credibility issue
that plays into this as well. So all of that
starts to make you think, are we maybe in a
supercycle here for gold and related gold assets? All right,
so I do want to I think our sponsor real
quick and that is Gemini. Did you know you get
actually you know what, guys, You can go get not

(08:05):
only the XRP card, but then you can also get
packs g on Gemini in rewards, so you could actually
get rewards back on gold digital gold over within Gemini
just by using our link down below. It's going to
get you, guys into the ecosystem. You can swap that around,
Swap it for XRP, swap it for bitcoin, e doesn't matter.
It's all available and it's right there in the app

(08:27):
that's connected to your trading account. Very easy to use.
I think still one of the slickest products out there.
Check it out, use our link and it does help
us all right here let's go to Peter Schiff real quick, permeable.

Speaker 2 (08:40):
This is an interesting one because he's.

Speaker 1 (08:42):
Going after Tom Lee, of course forecast Bitcoin hitting two
hundred k, and it basically says fed's two month pause
is why Bitcoin hasn't rallied over this time period, but
gold rally ten percent during those two months, hitting a
record thirty six to twenty.

Speaker 2 (08:54):
Yeah. Okay, Peter's looking good.

Speaker 1 (08:56):
Markets are forward looking, and that's interesting because that's why
gold up ten in advance of ray cuts. Bitcoins failed
to rally with gold based on the same prospects should
cause him concern. Instead of hitting two hundred k, he
of course thinks we're gonna see FED ray cuts and
then bitcoins sync back to one hunter k. I don't
know if this is the case, guys. I think we
will see Bitcoin go up, but remember you always get rotations,

(09:20):
and that is something that I have to think. If
people go into gold, and we've seen this before, typically
Bitcoin lags behind it.

Speaker 2 (09:27):
Now we'll hit two under k. That's still a Tom
Lee question.

Speaker 1 (09:30):
I think the bigger question is where will efthereum be
when all of this settles, because this is the key thing.
As we start to see the tokenization of not a
gold but so many assets coming into the ecosystem. Speaking
of that, the SEC says they're going to be able
to tokenize stocks, letting the full all investors trade equities

(09:50):
and traditionally on chain full shareholder rights. That means anywhere
in the world be able to do this on chain.
This is going to be a big deal. Meaning we've
got a lot of everything from Asia, all sorts of
international opportunities here and again, tokenized stocks setting on Ethereum. Now,
where does this take the RBA market? Well, it takes
it way up because guests who just joined the party

(10:13):
Ethereum skyrocketing passes and it's just beginning for Ethereum. So
look at where that is going to be in ninety days.
We'll come back and look at this chart. I will
tell you right now, ETH is most likely to take over. Now, well, yeah,
we'll probably still see quite a bit of movement on
Solana just because of that ecosystem, but ETH definitely a
big one going forward.

Speaker 2 (10:35):
Let's take a look at X stocks.

Speaker 1 (10:36):
Because that's an example on Solana, six hundred mili in
total lawn chain transactions for X stocks right there, I'll
kind of zoom in on that. But the little chart
above this, guess what that is, guys, that's traded tokenized
Pokemon cards. So that market also exploding. What we're seeing
is a next generation of where people are looking at

(10:57):
where this market is going, and gold is going to
be a part of it. Tokenized gold going to be
a part of it. Here's Bitcoin versus roadblocks in comparison
in terms of performance. Look at the difference here, guys
on the red line roadblocks and the blue line Bitcoin
just in a short period of time. Big difference here,
one hundred two percent versus twenty What is that? One

(11:18):
hundred and nineteen percent versus eighteen percent?

Speaker 2 (11:22):
Right there, So good comparison.

Speaker 1 (11:23):
Again because of a next generation starting to invest in
these new kind of assets going forward. And let's remember
everybody's played Mario and you know you get gold coins.
So there's a value in a psychological effect that I
think is happening on this next generation that they see
the value in goal. So digital gold is going to

(11:44):
be even better, and of course that will reside of
course on ethereum. Nearly two thirds of children will prefer
gaming currency over cash. I know that my kids wont
gaming currency over cash. Imagine if that is valued in
real and I think that's the big one that goes
to the next level. We've talked about it before, and
could this be the cycle where theoreum actually starts because

(12:08):
of the strength of gold. If you think about eth
propping up gold, could eth actually start to be in
the cycle of flipping bitcoin because look at this right here,
this is the topic that we're talking about. Look at
where gold is right now, and what kind of upside
we could have if in fact, we see digital gold

(12:29):
become a part of the eth ecosystem to that level.
That would be insane markets going forward. All right, guys,
don't forget that. If you're not part of the Diamond Circle,
you can get into that right now, and we leave
a link down below. It's very easy to join and
super interesting because we drop additional research. I do an

(12:49):
email every week that drops not only my thesis but
also kind of culminates a lot of what we're talking
about here on the show and gives you a deeper
dive into what's happening in the market. So I have
to do is down below. It's absolutely free. Follow me
on x at Paul Baron. We'll catch you next time,
right here on the Paul Baron Show.
Advertise With Us

Popular Podcasts

On Purpose with Jay Shetty

On Purpose with Jay Shetty

I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

The Joe Rogan Experience

The Joe Rogan Experience

The official podcast of comedian Joe Rogan.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.