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Talking Real Money - Investing Talk

Gold vs. Reality

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5810 Ratings

🗓️ 25 September 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

This episode tackles gold mania in its latest surge, debunking its “safe haven” myth with historical returns and practical comparisons to stocks. Don and Tom expose how Wall Street and fund providers exploit the hype, critique Ameriprise and high-yield muni funds, and answer listener questions on target-date funds vs DIY portfolios, HSA withdrawals, and advisor conflicts. The conversation balances humor, skepticism, and blunt warnings about chasing assets after dramatic run-ups. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise.

0:06.2

The Economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.7

The Economist know which way is up.

0:25.6

Thank you. perspective. The economist know which way is up. Reality Radio for a really great future. We're talking real money.

0:31.2

Well, people are a little crazy. You know that. You know they're nuts. But there's one thing we've been crazy about for thousands and thousands

0:40.3

of years. And I guess when we were initially nuts about it, there was good reason. But now

0:47.8

the reasons are fewer and farther between. Today, even though we hate to do it, we're talking about gold, that shiny,

0:59.5

malleable metal that people have used as a means of transporting wealth. That was what was the useful purpose of gold hundreds or thousands of years ago

1:15.5

before electronic banking. It was one of the few ways you could transfer large amounts of money

1:21.2

in a small, relatively rare form that everybody could agree had value.

1:29.6

And that's the only reason that it has value, it had value or it has value today,

1:35.2

is that just like the U.S. dollar, we agree that it has a certain value.

1:42.6

Pass that, it's just a rock.

1:48.1

Yeah.

1:48.2

You know, and here's the other thing it has.

1:50.3

It has from UBS, RBC Capital Markets, Goldman Sachs, J.P. Morgan, Van Eck have all recently

1:58.1

published positive comments about gold.

2:01.6

Guess what?

...

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