#25 The Bullion Reserve: A Master on Why and How to Invest in Gold | Simon Mikhailovich, Founder & CEO

In Episode #25, we explore why and how to invest in gold. We’re joined by Simon Mikhailovich, Co-Founder of The Bullion Reserve. We cover cycles of financial euphoria, the three ways to get out of debt, and whether people should invest in gold ETFs. “The most important thing is that technology evolves, but people don't. That's the biggest lesson of history—humans don't change.” – Simon Mikhailovich EPISODE GUIDE (LINKS, QUOTES, NOTES, AND BOOKS MENTIONED) https://www.danielscrivner.com/notes/simon-mikhailovich-outliers-show-notes  FULL TEXT TRANSCRIPT https://www.danielscrivner.com/notes/simon-mikhailovich-outliers-transcript  CHAPTERS This episode is our definitive guide to why and how to invest in gold. In it we cover: 00:00:00 – Introduction 00:01:32 – Simon’s thoughts on gold’s role in the current financial market 00:08:37– Why gold is important at this moment in time 00:15:48 – Cycles of financial euphoria 00:20:33 – The three ways to get out of debt 00:26:31 – Why holding physical gold is different and better than savings in other forms 00:32:12 – Gold is the ultimate insurance for bad financial outcomes 00:38:42 – Gold vs. other precious metals, and how gold is nature’s Bitcoin 00:46:42 – Gold has no impairment risk or counterparty risk, and making money vs. preserving wealth 00:59:01 – How Simon has maintained an outlier point of view over time ABOUT THE BULLION RESERVE The Bullion Reserve enables investors to hold physical gold in secure locations all around the world.  💌 FREE NEWSLETTER https://www.outlieracademy.com/newsletter 🎙 LISTEN ON iTunes: https://podcasts.apple.com/us/podcast/outlier-academy/id1523851182 Spotify: https://open.spotify.com/show/58edVNgqaPNaCSGSxM6pef?si=88f37a5d20434775 Overcast: https://overcast.fm/itunes1523851182 ABOUT OUTLIER ACADEMY Learn timeless lessons on work and life from iconic founders, world-renown investors, and bestselling authors. Outlier Academy is the forever school for those chasing greatness. Past guests include Gokul Rajaram of DoorDash, Scott Belsky of Benchmark and Adobe, Joey Krug of Pantera Capital, Mark Sisson of Primal Kitchen, Luke Gromen of The Forest for the Trees, and Brian Scudamore of 1-800-GOT-JUNK. Website: https://www.outlieracademy.com Twitter: https://www.twitter.com/outlieracademy ABOUT DANIEL SCRIVNER Outlier Academy is hosted by Daniel Scrivner. Over the last 15 years, Daniel has led design teams at Square and Apple, turned around a $3M+ ARR SaaS business, and invested in more than 100 companies. He launched Outlier Academy in 2020 to learn from the world’s best founders, investors, authors, and peak performance experts. Website: https://www.danielscrivner.com Twitter: https://www.twitter.com/danielscrivner Learn more about your ad choices. Visit megaphone.fm/adchoices