Once again brings us a thought-provoking interview with Simon Mikhailovich about Gold, Bitcoin and our current monetary system.
Making money scarce and putting faith in the tried and tested system like the gold standard versus the nascent digital store of value that are cryptocurrencies.
It certainly gave me some things to think about.
Simon Mikhailovich, founder of The Bullion Reserve, argues that only gold is a true safe haven against financial calamity. Through a series of rhetorical questions, he explores why gold has outlasted every other form of money over the course of human history.
Mikhailovich breaks down the history of money and explains how gold became the navigational beacon of the monetary system. Finally, he says that the next three decades will not be like the last five and that it could be time to “outfit your portfolio for turbulent seas.” Filmed on October 1, 2019, in New York.
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