How To Beat Inflation - Gold vs. Bitcoin

Patrick Bet-David Podcast Episode 106. In this short clip, they talk about the best way to hedge against inflation.

The Bet-David Podcast discusses current events, trending topics, and politics as they relate to life and business. Stay tuned for new episodes and guest appearances.

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Patrick is a successful startup entrepreneur, CEO of PHP Agency, Inc., emerging author, and Creator of Valuetainment on YouTube. As a natural critical thinker, Patrick takes complex leadership, management, and entrepreneurial ideas and converts them into simple life lessons for today's and tomorrow’s entrepreneurs.

Patrick is passionate about shaping the next generation of leaders by teaching thought-provoking perspectives on entrepreneurship and disrupting the traditional approach to a career.

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[Corey-gbrx]

bitcoin hasn't been around long enough. There is no way of foretelling its future. Meanwhile there is literally thousands of years worth of history to backup the dependability of gold.

[meMiner]

Don't look at the total $12T in gold. Most of it is inaccessible, in storage. The crazy thing is most gold bought/sold is a derivative. Someday soon, the shorts will get crushed and gold/silver will pop. Gold is a real physical asset. I am still not sure about BTC.

[GtiMuchFast]

Gold protects you if you have wealth.
Bitcoin MIGHT give you wealth

[jasgap]

The trick is leverage, take a loan and buy productive assets, that is how you beat inflation.

[jeffsetter]

Most of the gold traded everyday exists only on paper.

[orangemanbad]

I do find Meld (on the Algorand chain) rather appealing. It’s a gold-backed crypto that is tokenized good which is backed 1:1. So you pay and move money as literal fractional gold. I thought that was a cool idea.

[virgilpalmer]

We're living in the roaring 20s..

[Aaron-fbpq]

Is Facebook tangible? Can you pick up google and feel it? These are questions gold investors should ask. Where should I store my value when I don’t trust the banks and I can still use my value in transactions. Bitcoin. In 10 years as I am watching the UFC fights with my friends front row via my VR headset, I highly doubt I’ll be using fiat to pay considering I live in Canada.

My brother lives in Colombia, when he gets me to send me his Canadian money what do I use? Bitcoin.

[hanswhite]

Gold is only valuable for its utility (jewelry, dentistry, and consumer electronics) and not as a store of value. If I want to preserve my wealth over a hundred years I would rather just invest in a S&P 500 index fund.

[InvestBetter.]

This guy doesn't know what inflation is, if he thinks it's just 10%. CPI removes everything we use everyday, oil, gas, food, housing. It is totally corrupted rate that the government wants you to believe. Anyone with money, or who knows money, know you watch the S&P500 as a baseline. If you aren't investing in the S&P, you better beat the S&P, or else you are financially irresponsible.

You can't manage a portfolio or a hedge fund getting less than the S&P as a return. The S&P is now over 30%, so as an investor, the de factor inflation rate is 30%. That's break even. Your job as an investor is to beat the S&P, or you better have the bulk of your capital in the S&P. bitcoin is the only real train that consistently crushes the S&P. Gold never beats the S&P. What's in your wallet?

[theunfilteredfisherman]

Crypto is fucking amazing. I’ve seen money I never dreamed about from it.

[pulsebezos]

It's easy, Pulsechain is deflationary.

[enslaveds]

DOES AMAZON TAKE GOLD? GOLD IS OLD MONEY
WE ARE GOING DIGTIAL. WHAT AM I GOING TO DO WITH GOLD IN THE DIGITAL WORLD.

[InvestBetter.]

Asking Gold, down 8% this year, to beat inflation is like asking your sister to beat Steh Curry in a 3pt contest. The real sot of capital, not manufactured CPI, is in the 30% range. When has Gold delivered you that much ROI or more in a year? It's been a minute. Bitcoin does that in 6 months. Gold it takes 3 years. Too many hands in the Gold cookie jar to have this conversation.

[guyanasun]

Bit coin is up and it's up for a reason. It's widely advertised by corporations.
We need regulated bitcoin before I consider investing into anything crypto..
It ain't right without God's light

[eugenes]

How is that any different from BTC? If gold prices rise, you can mine more gold. If BTC value goes up, you can't mine it any faster, causing the tradeable supply to get reduced, causing it's price to go even higher. Having a finite supply is critical, just like with diamonds.
Also, the harder gold becomes to buy/hold, the more people will just switch into crypto. Gold is obsolete.

[finessegod]

Defi kills btc few know this. Cardano is future of finance