“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 Explore the episode notes. Search and down a transcript and find links to related books, interviews, lectures, and more: outlieracademy.com/25. Chapters (00:00:00) – Introduction (00:01:32 – Simon’s thoughts on gold’s role in the current financial market (00:08:37– Why gold is important at this moment in time (00:15:48 – Cycles of financial euphoria (00:20:33 – The three ways to get out of debt (00:26:31 – Why holding physical gold is different and better than savings in other forms (00:32:12 – Gold is the ultimate insurance for bad financial outcomes (00:38:42 – Gold vs. other precious metals, and how gold is nature’s Bitcoin (00:46:42 – Gold has no impairment risk or counterparty risk, and making money vs. preserving wealth (00:59:01 – How Simon has maintained an outlier point of view over time About Bullion Reserve. The Bullion Reserve enables investors to hold physical gold in secure locations all around the world.  Watch and listen. Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Disclosures: https://www.outlieracademy.com/legal/disclosures Learn more about your ad choices. Visit megaphone.fm/adchoices