An Unconventional Way to Turn Gold Into a Cash Flow Machine w/ Monetary Metals

179: We struck gold with today's episode with Ben Nadelstein from Monetary Metals. Today, we're exploring some fascinating concepts around gold and its history as money—and ultimately, how to turn gold into a cash flow machine.

(Show Notes: REtipster.com/179)

In this episode, we geek out on the significance of gold as a stable store of value across centuries. We also get into the factors that make gold useful as a hedge against inflation and currency debasement, especially for currencies like the U.S. dollar. But it's not all charts and numbers; we also delve into the more tangible aspects of gold, such as its role in jewelry and various industries, and why it's important for preserving wealth across generations.

This episode is packed with insights, from the nuts and bolts of Monetary Metals' operations to the broader economic principles governing our markets. We even touch upon historical events like Nixon's closure of the gold window and discuss the impact of such decisions on our current financial system.

Whether you're a seasoned investor or just starting, there's something in this conversation for everyone. So, grab a comfortable seat, and let's unravel the golden threads of this intriguing topic together!

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Chapters

• 0:29 Introduction to Monetary Metals and its mission
• 5:34 Gold and silver become the primary monetary metals
• 8:54 Gold's Role in an Apocalypse Scenario
• 16:45 The French redeem paper dollars for physical gold.
• 20:13 Interest rates become unhinged in an irredeemable currency system.
• 23:36 Why real estate investors should own gold for diversification.
• 27:08 Gold's Lack of Cash Flow vs. Other Investments
• 32:45 Physical gold leasing with insurance and monthly income statement
• 36:15 Shipping gold securely and insuring the transit
• 39:41 The flexibility of opting in and out of options
• 47:24 Risks and Returns in Gold Investments
• 55:22 Due diligence and procedures ensure investor protection
• 58:59 Extra security measures for protecting physical gold
• 1:02:23 The impact of fees on owning gold
• 1:09:42 Importance of Researching Gold Options
• 1:13:04 Avoiding Unrecognized or Unusual Gold Products
• 1:16:45 Silver and Other Metals in the Market
• 1:21:54 Using Gold as a Constant to Measure Wealth