EPISODE · Oct 3, 2025 · 59 MIN
What’s the Better Bet? Stocks or Gold? - Ep. 916
from Unchained · host Laura Shin
Is gold the ultimate hedge against inflation and sovereign risk? Or are stocks the better long-term wealth builder thanks to innovation and earnings growth? In this heated and highly entertaining episode, Ram Ahluwalia (Lumida Wealth) and Vinny Lingham (Praxos Capital) dive deep into the macro landscape to debate the relative merits of gold vs. the S&P 500. Along the way, they explore: Gold’s decentralization vs. Bitcoin Why share buybacks might be distorting wealth creation The role of inflation, AI, fiscal dominance, and central banks The logic behind each of their portfolios And to make things more interesting? They make a $10,000 bet on whether gold or the S&P 500 will perform better over the 9 months. Token2049 Binance Ram Ahluwalia, CFA, CEO and Founder of Lumida Vinny Lingham, Co-founder of Praxos Capital Timestamps: 🎬 0:00 Intro 📈 4:30 Why Ram argues stocks are the stronger long-term play 🥇 7:18 Why Vinny says gold is more decentralized than even Bitcoin 💵 12:08 Why Ram believes earnings make stocks the superior investment ♻️ 16:37 Why Vinny thinks stock buybacks are harmful for society 🌍 27:30 Is this still the best time in history to be alive? ⏳ 33:23 Whether its too expensive now to buy gold ⚡ 40:40 What Vinny predicts will trigger the next major macro crisis 🤝 42:56 The $10,000 bet: gold vs. the S&P 500 🤖 48:33 Whether we’re still early in the AI boom 🎤 54:15 Closing arguments from Ram and Vinny Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
Is gold the ultimate hedge against inflation and sovereign risk? Or are stocks the better long-term wealth builder thanks to innovation and earnings growth? In this heated and highly entertaining episode, Ram Ahluwalia (Lumida Wealth) and Vinny Lingham (Praxos Capital) dive deep into the macro landscape to debate the relative merits of gold vs. the S&P 500. Along the way, they explore: Gold’s decentralization vs. Bitcoin Why share buybacks might be distorting wealth creation The role of inflation, AI, fiscal dominance, and central banks The logic behind each of their portfolios And to make things more interesting? They make a $10,000 bet on whether gold or the S&P 500 will perform better over the 9 months. Token2049 Binance Ram Ahluwalia, CFA, CEO and Founder of Lumida Vinny Lingham, Co-founder of Praxos Capital Timestamps: 🎬 0:00 Intro 📈 4:30 Why Ram argues stocks are the stronger long-term play 🥇 7:18 Why Vinny says gold is more decentralized than even Bitcoin 💵 12:08 Why Ram believes earnings make stocks the superior investment ♻️ 16:37 Why Vinny thinks stock buybacks are harmful for society 🌍 27:30 Is this still the best time in history to be alive? ⏳ 33:23 Whether its too expensive now to buy gold ⚡ 40:40 What Vinny predicts will trigger the next major macro crisis 🤝 42:56 The $10,000 bet: gold vs. the S&P 500 🤖 48:33 Whether we’re still early in the AI boom 🎤 54:15 Closing arguments from Ram and Vinny Learn more about your ad choices. Visit megaphone.fm/adchoices
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What’s the Better Bet? Stocks or Gold? - Ep. 916
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