The Potential of Gold-Backed Cryptocurrency

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 4 April 2019

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Extreme Value Editor Dan Ferris discusses a gold-backed cryptocurrency, which could answer the biggest valid criticism of all previous cryptos. It also taps into a market already bigger than every single cryptocurrency combined.

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour.
0:16.6	Sign up for the free show archive at Investor Hour.com.
0:20.2	Here is your host, Dan Ferris.
0:22.5	Hello and welcome everyone to another episode of the Stansberry Investor Hour.
0:26.8	I'm your host, Dan Ferris.
0:28.5	I'm the editor of Extreme Value.
0:30.0	That's a value investing service published by Stansberry Research.
0:33.6	We have a really cool show lined up with a really cool guest and a few other things today.
0:38.3	Let's just get right to it.
0:39.3	I'm going to get to the rant right now.
0:42.6	Okay, so every now and then, somebody asks me about the apparent contradiction of a value investor
0:49.6	who recommends gold and gold-related businesses, which I've done in the pages of my newsletter, Extreme Value.
0:56.8	So this is a question because if you know anything about Warren Buffett, right,
1:01.4	he's the value-investing god, right?
1:05.0	He's the main value investor that everybody's heard of.
1:08.9	You probably know that he doesn't like gold. He says it's kind of absurd,
1:15.2	right? You spend money to dig the stuff out of the ground and then you put a stamp on it or you,
1:20.2	you know, you stamp it into a coin or a bar or something. And what do you do with it? Well, you basically
1:24.8	put it back in the ground because you just stick it in a vault somewhere.
1:28.3	And it just sits there and it earns nothing. It pays no dividend. It's not going to compound. It's not a business at all.
1:34.3	It's not a security. It's just a rock. And it's not even particularly useful because it's so expensive.
	...

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