152: History of Money, Gold and Crypto

I was just interviewed on a podcast earlier today and we got on the topic of gold. You know that I'm not a huge advocate for precious metals right now. Anyway, the argument became a little familiar. Ie. The global economy is going to melt down, there will be a zombie apocalypse and the only thing that zombies accept is gold and silver. A few years ago I would have gotten sucked into all of this and drank the cool-aid. But the reality is that I don't really see zombies headed our way anytime soon. That's why I'm not terribly interested in gold. Admittedly I do own a monster box of silver coins but I'm not even sure where they are. The zombies will likely find them before me. Anyway, the entire conversation got me thinking about what money is in the first place and where gold fits into that paradigm. It also got me thinking about cryptocurrency and why it seems like gold bugs should be all over bitcoin but they aren't. That curiosity led me to a site called GoldSilver.com. The site might suggest their primary interest, but I have found their founder, Mike Maloney, to be quite thoughtful in discussions regarding the history of money, gold, and cryptocurrency. So, I reached out to speak to someone and found Jeff Clark, one of their senior analysts. In this episode of Wealth Formula Podcast, we take another peek back into precious metals with a detour into the history of money and cryptocurrency.