Gold, Bitcoin & Inflation with Lawrence Lepard - WBD654
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 5 May 2023
⏱️ 64 minutes
🧾️ Download transcript
Summary
Lawrence Lepard is an Investment Manager and Austrian Economist. In this interview, we discuss gold and Bitcoin, comparing their relative benefits as assets over short and long time scales. We also discuss inflation, the potential threats to Bitcoin, inequality in society, and the challenges of finding credible leaders in politics.
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As the world grapples with an uncertain financial future, it's becoming increasingly important to diversify your investment portfolio. The two obvious assets designed to weather the coming economic storms are Bitcoin and gold. Whilst the relationship between gold bugs and Bitcoiners has been adversarial over the years, the two assets are two sides of the same coin.
There are important differences between the two: Bitcoin is digital gold, which enables it to be used in ways beyond the capacity of gold; but gold has a 5,000-year head start on Bitcoin, and can therefore provide less volatility in the short to medium term. But, the primary demand for both as a store of value is predicated on the same thesis of limited supply. They both, therefore, serve as a hedge against inflation.
In essence, the investors in both assets are well aligned in terms of their concerns about the global economic system. Goldbugs and Bitcoiners understand the value in sound money, and the risks posed by the current fiat system. Rather than being suspicious of each other, there is much to be said about orange-pilling gold bugs, and similarly, Bitcoiners being open to investing in gold.
The big picture is that both gold and Bitcoin present a risk to the current economic system. It is likely that they will both be subject to attacks and controls by those seeking to reinforce the current system, as the cracks and fissures widen. Any meaningful divisions can and will be exploited: divide and conquer is a military tactic as old as politics and war. We, therefore, need alliances. Lawrence Lepard is one of those seeking to build a bridge between the two groups.
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Transcript
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| 0:00.0 | We need to live in a deflationary world, therefore we need a currency which matches that world. |
| 0:10.0 | So we're trying to push an inflationary currency story based on Keynes's wrong premises |
| 0:16.1 | against a deflationary world that needs more efficiency, not more growth. |
| 0:20.1 | Hello there, how are you all? You're feeling good? It's nice and early here. |
| 0:25.4 | I've got to get my intro done for Danny before I head out to Miami. I've got flight in a few hours. |
| 0:30.0 | I'm heading out for the Grand Prix and then going to have a week off, my first week off in a year, |
| 0:34.0 | in a crazy year before we get going for the conference. |
| 0:37.0 | Can't wait to see you all there. |
| 0:38.0 | If you want to check out our event on Wednesday, I've got Lynn Alden, Snyder, Troy Cross and Harry Suddock. |
| 0:45.6 | We've got mining, we've got macro. |
| 0:47.2 | If you want to get some tickets head over to what Bitcoin did.com and click on WBD |
| 0:50.7 | live. Anyway, welcome to the What Bitcoin did |
| 0:53.0 | podcast which is brought to you by Iris Energy, the largest |
| 0:56.0 | NASDAQ listed Bitcoin miner using 100% renewable energy. I'm your |
| 1:00.1 | host Peter McCormack and today I've got Lawrence Lippard back on the show. |
| 1:04.3 | Now Lawrence came over to Bedford as part of the live show we recorded and while it was over. |
| 1:09.7 | We sat down, we got a one-on-one chat and as ever he was entertaining he was informative |
| 1:14.4 | now Lawrence came straight from a gold conference in Europe for this one and so we |
| 1:19.0 | touch on that we touched on the role of Bitcoin versus gold in this highly inflationary world. |
| 1:24.0 | So I hope you enjoy this. |
| 1:25.0 | If you got any questions about this or anything else, and hit me up, my email address is, hello |
| 1:28.6 | at what Bitcoin did. |
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