MI263: Gold Through The Ages: Understanding it’s Role Under Different Monetary Regimes w/ Dana Samuelson

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 14 March 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rebecca and Dana Samuelson chat about rare gold coins, their differences from other gold/silver investments, gold's changing role in the monetary system, and its impact on pricing, and more. Dana Samuelson is the President of American Gold Exchange, Inc. with 42 years trading precious metals and rare U.S. gold and silver coins. IN THIS EPISODE, YOU’LL LEARN: 0:00 - Intro 3:00 - What rare gold coins are, and how does this investment differ from other gold/silver investments? 10:54 - How gold’s role in the monetary system has changed over time and how that’s impacted the price. 15:06 - What is the relationship between Gold, the USD, and other currencies? 23:45- How the price of gold changed after being fixed in the 1930s to then floating in 1971. 24:00 What are the main factors that drive gold prices to go up and down? 25:59 - How the money supply impacts the price of gold. 29:59 - Is there a typical market cycle for gold? 34:03 - What would happen if people lost faith in the US’s ability to service the country’s massive debt loads? 35:41 - How a payment system of gold for oil would work and is this a likely scenario? 38:41 - Could China be stocking up on gold to potentially go on a gold or silver standard? 49:30 - Dana’s outlook for gold and silver. 55:49 - Why does it matter if less dollars are used internationally? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out: American Gold Exchange. Related Episode: Listen to MI248: Inflation Is Here To Stay w/ Tavi Costa, or watch the video. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Connect with Dana: Website | Email Connect with Rebecca: Twitter | Instagram Email: Rebecca@theinvestorspodcast.com Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.8	Well, going way back to ancient times, gold and silver have been both money and currency.
0:09.2	Now, they're not the same thing.
0:10.3	Money is something that has value.
0:12.4	Currency is a medium of exchange.
0:17.4	On today's episode, I'm joined by Dana Samuelson. Dana is the president of American Gold Exchange
0:24.4	and has 42 years of experience trading precious metals and rare U.S. gold and silver coins.
0:31.0	During this episode, Dana gives us an overview of the rare gold coin market and how this investment
0:37.0	differs from other gold silver
0:39.0	investments. And then we get into the main topic of the day, which is related to gold's role
0:44.6	in the economy and what we can learn from history to help us better understand what's happening
0:49.9	in the economy today. As you may all be aware, gold has received a lot of attention in recent months,
0:56.0	particularly as we're seeing central banks load up on gold at record levels. Some countries are
1:01.9	talking about de-dollarizing by buying commodities like oil in gold instead of U.S. dollars,
1:08.2	and in general, there's been a trend of fewer US dollars used internationally.
1:13.8	Dana helps us understand why this is happening today as countries are stockpiling gold and what could
1:20.5	happen to the US dollar and economy if the world continues this trend on de-dollarizing.
1:27.3	I found this conversation with Dana fascinating.
1:30.6	He's an expert in gold and silver markets and helps us make sense of all these complex
1:35.9	relationships between gold, currencies, money supply, inflation, and sheds light on the role
1:42.5	gold has played throughout history and what that can teach us
1:46.3	about what countries are doing today. So without further delay, I really hope you enjoyed today's
	...

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