The Money Podcast Gold -vs- Crypto | Pros & Cons of Physical Gold -vs Cryptocurrency
Rob is joined by Josh from the Pure Gold Company to talk all about currency, exploring the crypto -vs- gold and traditional cash debate. They discuss the pros and cons of crypto and physical gold and outline how this is impacting the current economic climate.
KEY TAKEAWAYS
- The tech built to support crypto will have a lasting legacy.
- Crypto volatility is one of the main issues with it as a currency
- There is still not enough security to protect against wide-scale cyber attacks for cryptocurrency to be a viable mainstream option
- It’s important to accept that the government can take physical assets including gold.
- Owning gold is private, it isn’t tracked in the same way as something like crypto.
- Before every crash, you will see institutions taking liquidity out of the stock market. The opposite can be seen in the market for gold.
- A banks ability to survive is based on being able to make money and they make money by lending out the money we as customers give them
BEST MOMENTS
"The technology behind cryptocurrency is great”
“A lot of people lose everything”
“The chances of some of these coins is minimal”
“You can clearly see that central bank demand, hedge fund and institutional demand [for gold] is increasing dramatically”
VALUABLE RESOURCES
bit.ly/Robsupporter
Learn more about the Pure Gold Company at: https://thepuregoldcompany.co.uk/
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979