Not Your Average Financial Podcast™

Episode 408: Is Gold Just Nature’s Bitcoin? with Dana Samuelson


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In this episode, we ask:

  • Do you remember the neon-colored push pop?
  • What executive order did FDR sign regarding gold?
  • Why did he prohibit gold?
  • What were the consequences for noncompliance with the order?
  • What happened in the early 1970s?
  • What’s happening with Bitcoin today?
  • What is gold’s status this year?
  • What are the risks?
  • Who is Dana Samuelson?
  • What’s Dana’s story?
  • When did Dana get a lucky break?
  • What happened in the early 1980s, and what was found in the vaults?
  • Why have the precious metals stood the test of times?
  • What about King Tut’s burial mask?
  • What are the properties of gold?
  • What about the characteristics of silver?
  • What happened when the U.S. Mint was established?
  • What happened during the gold ban in the U.S. from the 1930s to 1970s?
  • What happened after World War II?
  • What is FIAT currency?
  • Is gold considered money?
  • What is the definition of money?
  • What about copper-nickel?
  • What changed from 1964 to 1965?
  • Does gold hold its purchasing power over time?
  • What has happened with gold and metals in recent history?
  • What about the central bankers?
  • Who fundamentally drives the gold market?
  • What did the WSJ say about gold as “Nature’s Bitcoin”?
  • When was the last time we had a federally balanced budget?
  • Does gold climb the wall of worry?
  • What is counter-party risk?
  • How many oz of gold would it take to buy the Dow?
  • What about buying houses?
  • What are some tools and tips for physical metals?
  • Are you buying legitimate gold?
  • What about sovereign minted coins?
  • What are the risks of buying online?
  • Who can you trust?
  • Where can you find legitimate dealers?
  • What about private storage facilities?
  • What about a treasure map for the heirs?
  • What about a decoy safe?
  • How do dealers make a profit?
  • Why is Bitcoin so much more volatile than gold?
  • How much has gold averaged over the past few years?
  • What about the Lindy Effect?
  • What is Bitcoin’s edge?
  • To what is Bitcoin correlated?
  • What are the problems?
  • What is the advantage of silver?
  • What stands the test of time and what falls to volatility?
  • Would you like to reach out to Dana Samuelson at American Gold Exchange?
  • What are the takeaways?

Dana Samuelson is the Founder and President of American Gold Exchange (AGE), a leading national precious metals and rare coin company specializing in dealer-to-dealer trading and direct-to-consumer sales.

He has been active in the physical gold and silver markets for 43 years and is a nationally recognized expert on vintage, pre-1933 US gold and silver coins. Email American Gold Exchange at [email protected].

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