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Animal Spirits Podcast

Did Bitcoin Kill Gold? (EP.217)

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.72.1K Ratings

🗓️ 11 August 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

On today's show we discuss investors behaving better, meme stock pushback, what is wrong with gold, why crypto isn't crashing despite more regulation, canceling student loan interest, Michael's trip to the casino and more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's animal spirits is brought to you by Masterworks Ben and I have spoken with Scott

0:04.1

Lynn in the past how art has a zero correlation with the S&P 500 and there's a really neat

0:08.7

chart that we'll throw in the show notes showing the performance of art in years where the S&P 500

0:14.3

has struggled and you will see it marshes to the beat of its own drum. Sometimes it falls with

0:19.0

stocks, but oftentimes it rises. It actually has positive performance. Sometimes when stocks fall.

0:24.7

So if you're interested in investing in art go to masterworks.io slash animal and I should say

0:31.9

both Ben and myself are investors on masterworks platform. I have five paintings. Ben I think

0:38.8

has more than I do. I'm not sure quite sure how many he has, but go to masterworks.io slash animal

0:45.5

see the disclaimer at masterworks.io slash disclaimer. Welcome to animal spirits. A show about

0:52.7

markets, life and investing. Join Michael Batnik and Ben Carlson as they talk about what they're

0:58.3

reading, writing and watching. Michael Batnik and Ben Carlson work for Ritholds Wealth Management.

1:04.6

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

1:09.1

and do not reflect the opinion of Ritholds Wealth Management. This podcast is for informational

1:13.6

purposes only and should not be relied upon for investment decisions. Clients of Ritholds Wealth

1:18.0

Management maintain positions in the securities discussed in this podcast. Welcome to animal

1:23.4

spirits with Michael and Ben. I want to Las Vegas of the Northeast, Mohican Sun over the weekend.

1:31.2

It's been a while. So Connecticut is overtaken Atlantic City as the Vegas of the Northeast?

1:36.4

Last time I went to Atlantic City was February 2020. I went for the Super Bowl and my friends and

1:42.0

I were like man this place it's got them beat up and I said like the next recession this place

1:47.0

is gone. Never come back. So we had a recession. I can't imagine Atlantic City's doing too well

1:52.3

right now. So anyway on the other hand everyone turned into a degenerate gambler last year.

1:57.2

This is true but you don't need the Atlantic City to gamble anymore.

...

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