Wealth Formula by Buck Joffrey

152: History of Money, Gold and Crypto


Listen Later

I was just interviewed on a podcast earlier today and we got on the topic of gold. You know that I’m not a huge advocate for precious metals right now.

Anyway, the argument became a little familiar. Ie. The global economy is going to melt down, there will be a zombie apocalypse and the the only thing that zombies accept is gold and silver.

A few years ago I would have gotten sucked into all of this and drank the cool-aid. But the reality is that I don’t really see zombies headed our way anytime soon. That’s why I’m not terribly interested in gold. Admittedly I do own a monster box of silver coins but I’m not even sure where they are. The zombies will likely find them before me.

Anyway, the entire conversation got me thinking about what money is in the first place and where gold fits in to that paradigm. It also got me thinking about cryptocurrency and why it seems like gold bugs should be all over bitcoin but they aren’t.

That curiosity led me to a sight called GoldSilver.com. The site might suggest their primary interest, but I have found their founder, Mike Maloney, to be quite thoughtful in discussions regarding the history money, gold, and cryptocurrency.

So, I reached out to speak to someone and found Jeff Clark, one of their senior analysts.

In this episode of Wealth Formula Podcast, we take another peek back into precious metals with a detour into the history of money and cryptocurrency

Jeff Clark
Senior Precious Metals Analyst

An accomplished analyst, author, and speaker, Jeff Clark is a globally recognizedauthority on precious metals. The son of an award-winning gold panner, withfamily-owned mining claims in California, Arizona, and Nevada, Jeff has deep roots in the industry. An active investor, with a love of writing, Jeff eventually became a mining industry analyst, including 10 years as senior editor for the world- renowned publication BIG GOLD. Jeff has been a regular conference speaker, including at Cambridge House and Sprott Resources events, the Silver Summit, and many others. He currently serves on the advisory board at Strategic Wealth Preservation, a bullion storage facility in Grand Cayman, and provides analysis and market commentary for GoldSilver.com.

Shownotes

  • HISTORY OF MONEY
  • PROBLEMS WITH FIAT CURRENCY
  • DANGER IN FIAT CURRENCY
  • WHY TO INVEST IN GOLD AND SILVER
  • GROWING UP IN A GOLD HOUSEHOLD
  • DIFFRENCE WITH ETF’S AND PHYSICAL GOLD
  • GOLD TAXES
  • WHAT IS GOLDSILVER
  • BITCOIN TO GOLD COMPARISON
  • GOLDSILVER.COM
  • SWP.COM
  • ...more
    View all episodesView all episodes
    Download on the App Store

    Wealth Formula by Buck JoffreyBy Buck Joffrey

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    403 ratings


    More shows like Wealth Formula by Buck Joffrey

    View all
    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

    715 Listeners

    Creating Wealth Real Estate Investing with Jason Hartman by Jason Hartman

    Creating Wealth Real Estate Investing with Jason Hartman

    538 Listeners

    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,810 Listeners

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

    Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

    3,846 Listeners

    Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

    Real Wealth Show: Real Estate Investing Podcast

    406 Listeners

    Get Rich Education by Real Estate Investing with Keith Weinhold

    Get Rich Education

    612 Listeners

    Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

    Passive Real Estate Investing

    979 Listeners

    Main Street Business by Mark J Kohler and Mat Sorensen

    Main Street Business

    587 Listeners

    Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

    Lifetime Cash Flow Through Real Estate Investing

    1,409 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    420 Listeners

    The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

    The WealthAbility Show with Tom Wheelwright, CPA

    517 Listeners

    Ken McElroy Show by Ken McElroy

    Ken McElroy Show

    716 Listeners

    Rebel Capitalist News by George Gammon

    Rebel Capitalist News

    1,032 Listeners

    The Lifestyle Investor - Investing, Passive Income, Wealth by Justin Donald

    The Lifestyle Investor - Investing, Passive Income, Wealth

    285 Listeners

    PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

    PassivePockets: The Passive Real Estate Investing Show

    130 Listeners