Lessons from the Soviet Union and the Flight to Safety | Simon Mikhailovich

Hidden Forces

Demetri Kofinas

Government, Business

4.8 • 1.6K Ratings

🗓️ 28 February 2022

⏱️ 100 minutes

🔗️ Recording | iTunes | RSS

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Summary

In Episode 209 of Hidden Forces, Demetri Kofinas speaks with Simon Mikhailovich, founder and Managing Partner of “The Bullion Reserve,” a professionally managed private vehicle providing full-service solutions that ensure legal compliance, jurisdictional diversification, liquidity, physical access, and deliverability of gold bullion. Operating within a single structure, TBR maximizes flexibility and enables the use of gold bullion as a deep out of the money put option on the failure of extreme monetary policies with an asymmetric upside.

Demetri and Simon spend most of the podcast discussing Simon’s experience growing up in and emigrating from the Soviet Union, and the economic and political lessons that he has drawn from that experience and that we can apply to our present predicament in Western society.

The last twenty to twenty-five minutes or so is spent specifically on TBR and the value proposition of holding gold bullion in a world where the traditional, safe-haven asset of US treasuries no longer inspires the same amount of investor confidence that it did only 10 or 20 years ago and what that means for not only portfolio construction but political and social stability as well.

Because some of today’s conversation deals with investing, it’s important to make absolutely clear that nothing discussed on this podcast can or should be viewed as financial advice. All opinions expressed by podcast participants are solely their own opinions and should not be relied upon as the basis for financial decisions.

You can access the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 09/06/2021

Transcript

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0:00.0	What's up everybody? My name is Demetrica Fiennes and you're listening to Hidden Forces,
0:06.1	a podcast that inspires investors, entrepreneurs and everyday citizens to challenge consensus
0:12.9	narratives and to learn how to think critically about the systems of power shaping our world.
0:18.7	My guest in this week's episode is Simon McHylovich, founder and managing partner of the Bullion
0:25.6	a professionally managed private vehicle that holds only physical gold,
0:30.1	while at the same time providing a full service solution that ensures legal compliance,
0:35.0	jurisdictional diversification, liquidity, physical access and deliverability,
0:40.8	all within a single structure that maximizes flexibility and in the words of TBR's founders
0:46.7	enables the use of gold bullion as a deep out of the money put option on the failure of extreme
0:53.2	monetary policies, within asymmetric upside. Because Simon and I go back some years,
0:59.6	this is a more congenial episode than you might otherwise expect though,
1:03.5	I think in this case it actually makes for a much better conversation,
1:07.5	because Simon has a very interesting personal story and one that he recently shared
1:12.8	in an episode of the Grant Williams podcast back in June as part of his end game series.
1:17.9	And while I've known Simon for a decade now, I never actually heard him speak at such length
1:23.1	about his experience living in and emigrating from the Soviet Union and how that experience
1:28.5	informs his political and investment philosophy today. We spent most of the first hour and change
1:35.1	discussing that experience and drawing from it economic, political and social lessons that we
1:41.4	can apply to the present moment. The last 20 to 25 minutes or so has spent specifically
1:46.9	on TBR and the value proposition of holding gold bullion in a world where the traditional
1:52.7	safe haven asset of US Treasuries no longer inspires the same degree of investor confidence
1:58.6	that it did only 10 or 20 years ago. And what that means for not only portfolio construction
	...

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