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Jim Rickards weighs in on the gold vs. bitcoin debate

Stansberry Research, Released on 4/19/21

Muhammad Ali vs. Joe Frazier was billed as the “Fight of the Century”— and now best-selling author Jim Rickards says the debate on gold versus bitcoin featuring Frank Giustra and Michael Saylor will be a battle of the ages. Gold has been sound money and a reliable store of value for 3,000 years; this will be strongest point for the yellow metal, says the financial guru. “The problem is the horse was the chosen mode of transportation for thousands of years and we don’t ride horses anymore,” he adds as a counterpunch for Bitcoin. Calling the crypto “bubblecious,” Rickards explains how there is no use case for Bitcoin except for the fact that the price goes up. “Frank has history on his side and Michael will have price action on his side,” Rickards notes.

Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is The New Great Depression: Winners and Losers in a Post-Pandemic World.

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