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Stansberry Investor Hour

Honest Money: The Power of Gold in Monetary Systems

Aug 21, 2023
Guest Keith Weiner, Founder and CEO of Monetary Metals, discusses gold's stability and attractiveness for conservative savers. They also cover stress in the bond market, recession signs, and the debate of gold versus bitcoin.
01:06:32

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Gold's stability and enduring history make it an attractive choice for conservative savers.
  • Blockchain may have specific applications, but it is unlikely to replace the global banking system.

Deep dives

Gold and Bitcoin: A Comparison

The podcast episode starts with a discussion between the host, Dan Ferris, and Keith Weiner about the differences between gold and bitcoin. Keith emphasizes that gold has been a trusted monetary asset for thousands of years, while bitcoin lacks stability and cannot function as a stable currency due to its extreme volatility. He argues that bitcoin primarily operates as a speculative asset rather than a reliable form of money. Keith also mentions that gold has a proven track record of preserving wealth, being used by families for generations to protect their savings.

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