#25 The Bullion Reserve: A Master on Why and How to Invest in Gold | Simon Mikhailovich, Founder & CEO
Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors
English - April 06, 2021 08:00 - 1 hourEntrepreneurship Business Education Self-Improvement Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
In Episode #25, we explore why and how to invest in gold. We’re joined by Simon Mikhailovich, Co-Founder of The Bullion Reserve. We cover cycles of financial euphoria, the three ways to get out of debt, and whether people should invest in gold ETFs.
“The most important thing is that technology evolves, but people don't. That's the biggest lesson of history—humans don't change.” – Simon Mikhailovich
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/simon-mikhailovich-outliers-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/simon-mikhailovich-outliers-transcript
CHAPTERS
This episode is our definitive guide to why and how to invest in gold. In it we cover:
00:00:00 – Introduction
00:01:32 – Simon’s thoughts on gold’s role in the current financial market
00:08:37– Why gold is important at this moment in time
00:15:48 – Cycles of financial euphoria
00:20:33 – The three ways to get out of debt
00:26:31 – Why holding physical gold is different and better than savings in other forms
00:32:12 – Gold is the ultimate insurance for bad financial outcomes
00:38:42 – Gold vs. other precious metals, and how gold is nature’s Bitcoin
00:46:42 – Gold has no impairment risk or counterparty risk, and making money vs. preserving wealth
00:59:01 – How Simon has maintained an outlier point of view over time
ABOUT THE BULLION RESERVE
The Bullion Reserve enables investors to hold physical gold in secure locations all around the world.
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🎙 LISTEN ON
iTunes: https://podcasts.apple.com/us/podcast/outlier-academy/id1523851182
Spotify: https://open.spotify.com/show/58edVNgqaPNaCSGSxM6pef?si=88f37a5d20434775
Overcast: https://overcast.fm/itunes1523851182
ABOUT OUTLIER ACADEMY
Learn timeless lessons on work and life from iconic founders, world-renown investors, and bestselling authors. Outlier Academy is the forever school for those chasing greatness. Past guests include Gokul Rajaram of DoorDash, Scott Belsky of Benchmark and Adobe, Joey Krug of Pantera Capital, Mark Sisson of Primal Kitchen, Luke Gromen of The Forest for the Trees, and Brian Scudamore of 1-800-GOT-JUNK.
Website: https://www.outlieracademy.com
Twitter: https://www.twitter.com/outlieracademy
ABOUT DANIEL SCRIVNER
Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts.
Website: https://www.danielscrivner.com
Twitter: https://www.twitter.com/danielscrivner
Learn more about your ad choices. Visit megaphone.fm/adchoices
In Episode #25, we explore why and how to invest in gold. We’re joined by Simon Mikhailovich, Co-Founder of The Bullion Reserve. We cover cycles of financial euphoria, the three ways to get out of debt, and whether people should invest in gold ETFs.
“The most important thing is that technology evolves, but people don't. That's the biggest lesson of history—humans don't change.” – Simon Mikhailovich
EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED)
https://www.danielscrivner.com/notes/simon-mikhailovich-outliers-show-notes
FULL TEXT TRANSCRIPT
https://www.danielscrivner.com/notes/simon-mikhailovich-outliers-transcript
CHAPTERS
This episode is our definitive guide to why and how to invest in gold. In it we cover:
00:00:00 – Introduction
00:01:32 – Simon’s thoughts on gold’s role in the current financial market
00:08:37– Why gold is important at this moment in time
00:15:48 – Cycles of financial euphoria
00:20:33 – The three ways to get out of debt
00:26:31 – Why holding physical gold is different and better than savings in other forms
00:32:12 – Gold is the ultimate insurance for bad financial outcomes
00:38:42 – Gold vs. other precious metals, and how gold is nature’s Bitcoin
00:46:42 – Gold has no impairment risk or counterparty risk, and making money vs. preserving wealth
00:59:01 – How Simon has maintained an outlier point of view over time
ABOUT THE BULLION RESERVE
The Bullion Reserve enables investors to hold physical gold in secure locations all around the world.
💌 FREE NEWSLETTER
https://www.outlieracademy.com/newsletter
🎙 LISTEN ON
iTunes: https://podcasts.apple.com/us/podcast/outlier-academy/id1523851182
Spotify: https://open.spotify.com/show/58edVNgqaPNaCSGSxM6pef?si=88f37a5d20434775
Overcast: https://overcast.fm/itunes1523851182
ABOUT OUTLIER ACADEMY
Learn timeless lessons on work and life from iconic founders, world-renown investors, and bestselling authors. Outlier Academy is the forever school for those chasing greatness. Past guests include Gokul Rajaram of DoorDash, Scott Belsky of Benchmark and Adobe, Joey Krug of Pantera Capital, Mark Sisson of Primal Kitchen, Luke Gromen of The Forest for the Trees, and Brian Scudamore of 1-800-GOT-JUNK.
Website: https://www.outlieracademy.com
Twitter: https://www.twitter.com/outlieracademy
ABOUT DANIEL SCRIVNER
Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts.
Website: https://www.danielscrivner.com
Twitter: https://www.twitter.com/danielscrivner
Learn more about your ad choices. Visit megaphone.fm/adchoices