Episode 273

MI164: What is Money? w/ Jim Crider

Clay Finck chats with Jim Crider about what money really is, the attributes of good money, why an unstable form of money causes issues in an economy, why gold was chosen as money by the free market for centuries, the history of money in the United States, why Bitcoin has value, Jim’s thoughts on diversification, and much more!

The Intrinsic Value Podcast - The Investor’s Podcast Network

May 3, 20221h 8m

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Show Notes

IN THIS EPISODE, YOU’LL LEARN:

05:26 - What money really is.
10:06 - The pros and cons of fiat currency and gold as money.
13:50 - Why can money that fluctuates in value make planning for the future difficult?
20:58 - What are the attributes of a good money?
28:45 - Why gold has historically been a good money.
31:59 - The history of money in the United States.
44:15 - Why Bitcoin has value.
52:40 - Jim’s thoughts on diversification.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Trade Bitcoin with Swan.
Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.
Related episode: MI120: Bitcoin & Financial Independence w/ Jim Crider.
Related episode: MI128: Why Buy Bitcoin w/ Andy Edstrom.
Get a FREE audiobook from Audible.
Check out our Investing Starter Packs about business and finance.

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Read this episode’s transcript and full show notes on our website.

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