Replay – #25 The Bullion Reserve: A Master on Why and How to Invest in Gold | Simon Mikhailovich, Founder & CEO

In this Replay Episode, 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

In this Replay Episode, 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