Aug. 10, 2021

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

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

We’ll be back the week of August 23 with a brand new episode of Outlier Academy! In the meantime, we're sharing some of our most popular episodes, including this one with Simon Mikhailovich, Co-Founder of The Bullion Reserve (TBR), a private vehicle that enables investors to hold physical gold across multiple jurisdictions outside the financial system. In this episode, Simon and Daniel discuss why gold is important in the current economy, how it maintains purchasing power over time, and important lessons from financial history.


We’ll be back the week of August 23 with a brand new episode of Outlier Academy! In the meantime, we're sharing some of our most popular episodes, including this one with Simon Mikhailovich.

“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

In this episode of Outlier Academy, I’m talking with Simon Mikhailovich (@S_Mikhailovich) about why gold is important in the current economy, how it maintains purchasing power over time, and important lessons from financial history.

Simon Mikhailovich is a contrarian investor and entrepreneur who is also the co-founder and lead manager of The Bullion Reserve (TBR), a private vehicle that enables investors to hold physical gold across multiple jurisdictions outside the financial system. Before starting TBR, he co-founded Eidesis Capital, was a Portfolio Manager at Falcon Asset Management, and with his deep understanding of financial history, predicted and profited from the financial crises of 2000 and 2008. 

Show notes with links, quotes, and a transcript of the episode: https://www.danielscrivner.com/notes/simon-mikhailovich-outliers-show-notes 

Chapters in this interview:

  • (00:00:07) – Simon’s thoughts on gold’s role in the current financial market
  • (00:07:19) – Why gold is important at this moment in time
  • (00:14:22) – Cycles of financial euphoria
  • (00:19:06) – The three ways to get out of debt
  • (00:25:05) – Why holding physical gold is different and better than savings in other forms
  • (00:30:46) – Gold is the ultimate insurance for bad financial outcomes
  • (00:36:48) – Gold vs. other precious metals, and how gold is nature’s Bitcoin
  • (00:41:58) – Should people invest in gold ETFs?
  • (00:44:37) – Gold has no impairment risk or counterparty risk, and making money vs. preserving wealth
  • (00:48:01) – How personal experience vs. historical experience affects our investment decisions
  • (00:57:35) – How Simon has maintained an outlier point of view over time
  • (01:03:37) – Simon’s recommended books on financial history

 

Sign up here for Outlier Debrief, our Friday newsletter that highlights the latest episode, expands on important business and investing concepts, and contains the best of what we read each week.

Follow Outlier Academy on Twitter: https://twitter.com/outlieracademy.

If you loved this episode, please share a quick review on Apple Podcasts.

Learn more about your ad choices. Visit megaphone.fm/adchoices