gold

“But right now, a lot of central banks across the world from China to Russia to all of these guys are starting to hoard gold, which is a very interesting trend.”

“I try and make it a habit. To keep between eight to 10% of whatever I have in gold. And I've been doing that for a long time.”

“The cost of insuring vaulting gold is maybe, in India, I know the price is, maybe the actual cost is about 30 bips. At scale, it would be even lower. That is lower than managing cryptocurrencies in a way.”

“That was a big, in fact, Philip for gold and for Bitcoin and stuff. The moment America sanctioned Russia, ah, back in, ah, the spring of twenty-twenty-two.”

“I'm like equal, I mean, like, I, you know, like, do the two equally, because I've been bullish too equally, because my negative view is on the dollar. Right? So therefore, I see both those as sort of anti-dollar plays.”

“Gold is over a period of time, a low returning asset class like cash. It'll produce, it has produced, and for logical reasons, it produces about a 1.2% a year Real return.”

“Gold is the only money That you can have and nobody has to give you anything to have it. Other money, all other money is dependent on somebody giving you something. Okay. Whether they give you, and so it's unique in that it's confiscation risk is less than oth…”

“An individual, and most investors should have between five and 15% of their portfolio in a gold or an alternative money.”

“So what you're getting paid for is credit risk, right? So it's not gold. It's a promise to get your gold back, right? Then that's what money was. And that's why it would have an interest rate. You have an interest rate that on the promise to get your gold back…”

“I, for a long time, have kept 10% of my asset base in gold.”

“So I hold a little bit of Bitcoin. I have a little bit of Bitcoin, but for me, it's not as attractive as gold for the reasons you asked me my thoughts.”

“That is happening in the US now. People are bringing gold back from the Federal Reserve into individualistic countries. In, in a big proportion actually.”

“Even though we're not happy enough with the US dollar as a restoration of value, there's really no other alternative we can put the money into. Of course, gold is one possibility, but the market is not deep or large enough.”