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Explains why Germany repatriated it's gold over the last few years. 1. It does not think the USD or GBP is as desirable as a trade for Au now 2. It wants to underpin the Euro's value now with Au 3. In the event of a EU or euro collapse it needs Au to support confidence in a new Deutschemark.
All the problems he mentioned he had with gold were fixed with the BTC protocol, plus almost all of golds qualities that made it the best money for thousands of years are on average 10X stronger in BTC, portability, divisibility, verifiability, decentralized, borderless, un-censorable, no need for trusted 3rd parties that can’t be trusted, scarce, no ones liability, independent, difficult to extract Also the reason gold was chosen over and above all other scarce metals was its stock:flow ratio, not just because it was scarce, platinum and other metals are more scarce than gold yet weren’t used as money, and BTC’s Stock:Flow is about to surpass golds, it will be the first thing with a better stock:flow than gold in recorded history
@@robstrickland166 I agree and it is the only scenario where gold has an advantage over BTC, but only while you have no access to power and/or access to the necessary communications to transact, but until then it is still safe on whatever nodes and mining rigs that still have power distributed all around the globe. In the event that there is such wide spread power failures due to catastrophic grid hacks or EMP strikes then although the idea of having gold in your possession may be a more comforting thought, the situation where you have no power for yrs is a situation where over 95% of the population around you will die from dysentery or starvation within just a month or two and there won’t be any food to exchange for either gold or BTC anyway. However in a war time scenario you won’t be able to flee the country with your gold, there will be capital controls, but if you had the private key to your BTC then if you made it safely to a place where there was a power grid and comms etc you would have something to support yourself with. In saying all that diversification is smart anyway, plus look at what some of the most powerful actors such as central banks are doing at the moment, their loading up on gold. So other than the possible Achilles heel weakness to BTC needing a power grid and comms to have access, the only ‘strength’ gold has vs btc is ‘history of use’, but so the bow and arrow and the horse as a means of transport, as soon as another tech came along that was over 10X better thousands of yrs of history of use meant nothing
Gold and silver are timeless and the only true form of money. Be it 5000 years past to thousands of years from now. Lessons will be learned the hard way when that which people never believe could happen does. Where will you be when the music stops?
if it's in a safety deposit box, then it's not outside the banking system.. when gold was seized from it's owners by FDR all the gold in deposit boxes were taken easily, the only ones that came away with their wealth were those not having gold in safety deposit boxes.
Incorrect statement at minute 25. Bitcoin also does not need a financial intermediary. In fact, when you pay someone in Bitcoin, the transaction is also the confirmed settlement at the same time. Let that sink in a bit.
Have been interested in this conceptual space for some years now. This conversation is so full of common sense and superb practical reality-based survival strategies. RVF gets better and better all the time. Thanks for bringing Mikhailovich to the tube.
He talks about storing and insuring bullion like there are no systemic implications of doing so. What happens when the government makes holding bullion illegal in the event of a widespread run on the bank. The last thing you want to do is to leave it in the possession of a chartered bank.
@Dubravko Majic I agree. Own govt. issued non-numismatic bullion. People are often worried that the bars are fakes. With coins too, but less so, and it's easier to authenticate coins. More liquid as well.
golf backs are fractional pieces of gold. They are gold notes. Really nice. Utah, Nevada and New Hampshire have their own gold back. Wyoming and South Dakota will have their own this year as well!
because driving without insurance gets you a ticket, one could argue that it is essential to GDP to have a law that requires an insurance product to be purchased...
They have a blessing on their lineage. Now if one doesn’t believe in the spirit realm, it may not make much sense. That said, it’s also evident that Jewish families teach wealth, while mainstream/public education teaches the Prussian system which teaches students/children WHAT to think, not HOW to think. The Prussian system is intentional, not a theory - this creates “and army of workers, not thinkers”, as Rockefeller infamously stated. Look at many believe lies on msm and how little understand wealth.
It was wonderful to hear someone courageously quote the Bible it is my experience that if one concentrates on The Book of Proverbs and other various books such as Ecclesiastes the banking laws and laws 4 living life are contained therein are assure you there are Americans who know hardship and the laws do not be sucked into the coming cesspool
Gold is fundamentally a nonproductive asset - all it's going to do is sit there year after year. In the sort of economic situation in which physical gold finally becomes worth its cost and hassle as a store of wealth, you'd be better off owning an equivalent amount of arable land, water infrastructure, and weapons.
Arable land MAKES money. Gold IS money. Who would risk their gold to a bank to reloan out 9x that amount (in gold)? - nobody! And get just a small return for the risk?
I like those bitcoin ETF TV commercials. They refer to gold as old fashioned and they ignorantly refer to gold as a rock. How dumb is that? Gold is a metal. A precious metal.
We've launched our Gold vs. Bitcoin campaign on October 14th! Join us on our platform for this exciting line-up of content AND get Real Vision Premium for only $1 for 3 Months here: rvtv.io/GoldvBitcoin
No more waiting for the content to make it here weeks or even months after it was shot and no missing out on insights and information that move markets. Better yet.... No advertisements! Join today!
Explains why Germany repatriated it's gold over the last few years.
1. It does not think the USD or GBP is as desirable as a trade for Au now
2. It wants to underpin the Euro's value now with Au
3. In the event of a EU or euro collapse it needs Au to support confidence in a new Deutschemark.
I've watched many of these videos and by far this was my absolute favorite!! Thank you for this fantastic interview!
This channel is an absolute Gem
It is the perfect explanation of what the deal is
This guys a smart cookie! Loved his metaphors he spoke about to articulate the functions of gold. Great for the Lehman!
I've watched this interview numerous times. It's in the top 10 at RV. Bravo.
All the problems he mentioned he had with gold were fixed with the BTC protocol, plus almost all of golds qualities that made it the best money for thousands of years are on average 10X stronger in BTC, portability, divisibility, verifiability, decentralized, borderless, un-censorable, no need for trusted 3rd parties that can’t be trusted, scarce, no ones liability, independent, difficult to extract
Also the reason gold was chosen over and above all other scarce metals was its stock:flow ratio, not just because it was scarce, platinum and other metals are more scarce than gold yet weren’t used as money, and BTC’s Stock:Flow is about to surpass golds, it will be the first thing with a better stock:flow than gold in recorded history
and when the power goes off, btc goes off, transact with no power!!!!
@@robstrickland166 I agree and it is the only scenario where gold has an advantage over BTC, but only while you have no access to power and/or access to the necessary communications to transact, but until then it is still safe on whatever nodes and mining rigs that still have power distributed all around the globe.
In the event that there is such wide spread power failures due to catastrophic grid hacks or EMP strikes then although the idea of having gold in your possession may be a more comforting thought, the situation where you have no power for yrs is a situation where over 95% of the population around you will die from dysentery or starvation within just a month or two and there won’t be any food to exchange for either gold or BTC anyway. However in a war time scenario you won’t be able to flee the country with your gold, there will be capital controls, but if you had the private key to your BTC then if you made it safely to a place where there was a power grid and comms etc you would have something to support yourself with.
In saying all that diversification is smart anyway, plus look at what some of the most powerful actors such as central banks are doing at the moment, their loading up on gold.
So other than the possible Achilles heel weakness to BTC needing a power grid and comms to have access, the only ‘strength’ gold has vs btc is ‘history of use’, but so the bow and arrow and the horse as a means of transport, as soon as another tech came along that was over 10X better thousands of yrs of history of use meant nothing
35:00 In the UK it's illegal to drive without car insurance :'(
Gold and silver are timeless and the only true form of money. Be it 5000 years past to thousands of years from now. Lessons will be learned the hard way when that which people never believe could happen does. Where will you be when the music stops?
Simon Mikhailovich is a very interesting guest.
What a joy listening to you confirm all that I have learned over the past 10 years.
Approx 6 months since this was released on TH-cam, but so much has changed. Feels like another world.
if it's in a safety deposit box, then it's not outside the banking system.. when gold was seized from it's owners by FDR all the gold in deposit boxes were taken easily, the only ones that came away with their wealth were those not having gold in safety deposit boxes.
Incorrect statement at minute 25. Bitcoin also does not need a financial intermediary. In fact, when you pay someone in Bitcoin, the transaction is also the confirmed settlement at the same time. Let that sink in a bit.
Who created bitcoin? It's a pyramid scheme. It isn't widely legitimized, only a small underground community wants it.
Ooooooooooo
btc needs power, electricity, let that sink in a bit
Have been interested in this conceptual space for some years now. This conversation is so full of common sense and superb practical reality-based survival strategies. RVF gets better and better all the time. Thanks for bringing Mikhailovich to the tube.
Timeless video, well done
Ooh! Thank you for sharing this video where the recording date doesn't matter.
You guys have the best quality content.
U need to watch other stuff... Other than this and The tv that is.
He talks about storing and insuring bullion like there are no systemic implications of doing so. What happens when the government makes holding bullion illegal in the event of a widespread run on the bank. The last thing you want to do is to leave it in the possession of a chartered bank.
you get an unchartered bank, you can find one in your back yard, you make withdrawals and deposits with a shovel
Is it better to own gold bars or gold coins for resell ?
@Dubravko Majic I agree. Own govt. issued non-numismatic bullion. People are often worried that the bars are fakes. With coins too, but less so, and it's easier to authenticate coins. More liquid as well.
Dubravko Majic thank you .
At the end of the day, when you would really have to trade your gold the form wouldn't matter that much. 1 oz coins are considered most liquid though.
Also get some silver coins in case you don't want to pay your loaf of bread with a 1oz gold coin.
golf backs are fractional pieces of gold. They are gold notes. Really nice. Utah, Nevada and New Hampshire have their own gold back. Wyoming and South Dakota will have their own this year as well!
Outstanding interview Grant and quite knowledgable guest!
I think the change to transactional relationships he is talking about is what is causing problems in the repo market lately.
Great talk & program
this dude droppin dat jesus on em
because driving without insurance gets you a ticket, one could argue that it is essential to GDP to have a law that requires an insurance product to be purchased...
Very intelligent man. Super interview! Cheers
outstanding conversation.
Nothing like a person who sells gold, telling you that you need to buy gold.
yes, but it's the reasons why, and then the how to use it when you need to use it, and as Bruce Lee said never take your eyes off your enemy, hiyaaa
I appreciate this information. It confirms what I was researching in February 2016.
Brilliant discussion, thank you.
Brilliant! Also terrifying!
i hate to put it this way but, now you know why Jews do well in economic issues. Who else understands risk so well?
They have a blessing on their lineage. Now if one doesn’t believe in the spirit realm, it may not make much sense. That said, it’s also evident that Jewish families teach wealth, while mainstream/public education teaches the Prussian system which teaches students/children WHAT to think, not HOW to think. The Prussian system is intentional, not a theory - this creates “and army of workers, not thinkers”, as Rockefeller infamously stated. Look at many believe lies on msm and how little understand wealth.
Very honest talk
so no conspiracy to keep gold prices down? ..ok ....thanks for drilling down that point
We live in a life of a craps game...
GLD is the gateway drug lol
It was wonderful to hear someone courageously quote the Bible it is my experience that if one concentrates on The Book of Proverbs and other various books such as Ecclesiastes the banking laws and laws 4 living life are contained therein are assure you there are Americans who know hardship and the laws do not be sucked into the coming cesspool
thanks for all your great content , i really love your channel .
Gold is fundamentally a nonproductive asset - all it's going to do is sit there year after year. In the sort of economic situation in which physical gold finally becomes worth its cost and hassle as a store of wealth, you'd be better off owning an equivalent amount of arable land, water infrastructure, and weapons.
You don't understand the power and essence of gold.
Arable land MAKES money. Gold IS money. Who would risk their gold to a bank to reloan out 9x that amount (in gold)? - nobody! And get just a small return for the risk?
@@lamarravery4094 he is baby
@@aryapatel7615 Lol
I just found a great site for gems and gold. it's called Gamecrook.
Gold is too boring to me. It cannot revolutionize the world like cryptocurrenies can. Millennials understand cryptos, and gold means not much to them.
Crypto is great, but gold it's not an insurance of wealth protection, like gold or land are.
just remember, there is thousand types of cryptos, but there is only one type of gold...
I bet he owns gold
I like those bitcoin ETF TV commercials. They refer to gold as old fashioned and they ignorantly refer to gold as a rock. How dumb is that? Gold is a metal. A precious metal.
someone needs to teach simon about BTC. trustless, sovereign store of value.....
Did you hear the part about gold not requiring any intermediaries?
bitcoin does the same thing as gold but has added features.
You were not listening.
The feature of being based on thin air?
Yes, look at the Emperor's new clothes. Look at the splendid jewels. Look how they shine....
How do these bitcoin lovers appear on these TH-cam gold channels? Shouldn't they be on their bitcoin channels?
@@lamarravery4094 who is to say i dont own both and like both?? there is enough money to own both