Welcome to Money for the Rest of Us. This is a personal financial show on money, how it works,

how to invest it, and how to live without worrying about it.

Emory a host, David Stein, today is episode 431. It's titled, The Long-Term Bullish Case

for Gold.

In the past nine years, we have released several money for the rest of us episodes on gold

investing.

The first was in December 2014, episode 37. At the time, gold was priced at about $1,100

and ounce. Down from $1,900 an ounce, it's all time high in September 2011. That's a 42%

decline in three years.

Now, I didn't own gold in December 2014 when I did that episode. On the show, I've talked

about investment journeys and how it can take time to learn a new asset class, to get

comfortable with it, recognizing or never sure how things will turn out, will make mistakes,

and it took me a while a decade or more to get comfortable with gold. From a traditional

finance background, gold was sort of looked down upon. There was a lack of cash flow. It

was just a shiny rock, but over time, as I began to better understand some of the risks

with fiat currency, the risk with central banking, and some of the aspects that we'll talk

about today, I felt more comfortable investing in gold. So, I initiated my first purchase

of gold coins in April 2015. The time gold was selling for around $1,180 per ounce.

That same month, April 2015, we released our first episode on Bitcoin, which is sometimes

known as digital gold. The case for owning Bitcoin, some of the elements are similar to

gold, but there are definitely some differences. That particular Bitcoin episode was episode

53. Should you invest in Bitcoin? And I bought my first Bitcoin a couple of months later

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