Ep. 228 - GOLD: An Introduction w/ Mike Greenacre

CRYPTO 101

Bryce Paul & Brendan Viehman

News, Business, Investing, Business News, Tech News

4.3 • 841 Ratings

🗓️ 30 April 2019

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

** this is not financial or legal advice***  In the crypto space we talk about gold as it is common knowledge. But in all honesty, what do we really know about it? Why is it valuable? How is it stored? How do we even weigh it? Well, in this episode we will be going through some basics about the precious commodity and learning why bitcoin is often compared to this shiny metal. We will also ask the question: Is it even a fair comparison? Fun Fact: The asteroid Psyche 16 is a very special space rock: it's almost entirely made of metal, including iron, nickel, and gold, which has led astronomers to believe that it was originally the core of a planet. It's also estimated to be worth around $700 quintillion—enough to give each of the 7.6 billion people on Earth about $92 billion each. You read that correctly—$92 billion each. This asteroid has the potential to make us all richer than the Pharaohs—or, you know, crash the world economy. Show Links: CRYPTO101podcast.com Patreon: www.patreon.com/user?u=8429526 Twitter: twitter.com/Crypto101Pod twitter.com/BrycePaul101 twitter.com/PizzaMind www.instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto/ https://www.facebook.com/CRYPTO101Podcast/ **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights Reserved Music: https://www.youtube.com/watch?v=EnWciOZ0BZo ♫Music By♫ ●Danny Evo - Fractured Mind [Bass Rebels Release] ●Song - https://youtu.be/EnWciOZ0BZo ●Download/Stream - https://www.bassrebels.co.uk/Fracture... good morning by Amine Maxwell https://soundcloud.com/aminemaxwell Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/SQWFdnbzlgI Our Sponsors: * Check out Mars Men: https://mengotomars.com * Check out NPR: https://npr.org * Check out Quince and use my code quince.com/crypto101 for a great deal: https://www.quince.com * Check out Scribe and use my code Scribe.how/CRYPTO101 for a great deal: https://scribe.com/Crypto101 * Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	Yo, yo, welcome to Crypto 101.
0:02.0	The Average Consumers Guide to Cryptocurrency.
0:04.0	This is Matthew Aaron.
0:05.0	And we always compare Bitcoin to gold.
0:08.0	We often refer to the gold standard.
0:11.0	We often refer to Bretton Woods.
0:13.0	We often say Bitcoin is the new reserve and the new gold.
0:18.0	Is this true?
0:19.0	So I wanted to know a little bit more about gold. And I invited
0:23.1	Mr. Mike Greenacre to come back on the show who is a professional in trading, buying, and selling
0:27.8	gold and tells us all about it. We're going to go through a little bit about the history. We're going to
0:32.7	go through a little bit about current practices, how gold is managed, traded, stored, and transported.
0:40.6	And I'm going to ask him, is Bitcoin the new gold?
0:44.6	And that's in our show today.
0:45.9	But before we get into that show, please, wherever you're listening to this episode,
0:49.5	smash that subscribe button.
0:51.9	And leave us a comment in a rating.
0:56.6	It helps us stay visible. Thank you very much for listening and to all the listeners think about becoming a patreon patrons thank you for your
1:01.1	support we always put up extra content for you on the patron page if it's articles
1:05.7	magazines episodes or just commentaries we try to take care of you. And I'm also only a click away.
1:12.8	Patrients.
1:13.4	Message me anytime to ask me any questions or with anything you want to talk about.
	...

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