“Apples to Banjos” — Comparing Gold & Bitcoin

Published on
November 27th, 2019
Duration
20 minutes

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“Apples to Banjos” — Comparing Gold & Bitcoin

The Expert View ·
Featuring George Milling-Stanley

Published on: November 27th, 2019 • Duration: 20 minutes

George Milling-Stanley, chief gold strategist for State Street Global Advisors, is happy he participated in the "IPO" of gold when Nixon closed the gold window in 1971, but doesn't feel as though he has missed out on bitcoin. Milling-Stanley argues the original use case for bitcoin as a medium of exchange has been proven false and rejects the comparison of gold and bitcoin as a strategic store of value asset. Filmed on October 28, 2019 in New York.

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Transcript

Chapters

  1. 00:01:28
    Apples to Banjos
  2. 00:02:19
    Is Bitcoin Still Too Close to Its "IPO"?
  3. 00:03:44
    What about the Rewards of Early Adoption?
  4. 00:05:12
    Is There Any Allocation to Bitcoin You Would Be Comfortable With?
  5. 00:06:20
    Evolving Use Cases Are a Red Flag
  6. 00:07:34
    Does Recent Government and Business Interest in Blockchain Affect Your View?
  7. 00:09:11
    What Is Your Outlook for Gold and Bitcoin?
  8. 00:12:12
    Will a Fed Pause Affect Your View?
  9. 00:13:23
    What Factors Are Driving the Gold Price Right Now?
  10. 00:15:26
    $GLD
  11. 00:16:10
    "But It's Paper, Not Gold!"
  12. 00:17:29
    Gold Outlook for 2020