Gold Investments: Strategies and Insights with Deven Soni

Action's Antidotes

Among all the valuable metals, gold stands out as the preferred choice for investment. Unlike fiat currency, gold has consistently retained its value over the centuries. Many view gold as a means to transfer and safeguard their wealth from one generation to another. However, in the present, is investing in gold still a profitable option? In this engaging episode, I sit down with Deven Soni, a seasoned private investor with a strong focus on alternative and digital assets. Join us for an insightful discussion as we dive into the world of gold, exploring its unique characteristics, inflation rates, and what sets gold apart from the world of cryptocurrencies. Tune in and gain valuable insights from our expert guest! --- Listen to the podcast here: Gold Investments: Strategies and Insights with Deven Soni Welcome to Action’s Antidotes, your antidote to the mindset that keeps you settling for less. I’m back here, episode number 101, after taking a little bit of a summer off. Hopefully, you checked out the 100th episode where I got my friend and podcast host, Luana Bossetti, to interview me and talk about my new endeavors. But here we are at the end of the summer, right back to the same format of interviewing people who pursue their true passions in life, pursue something that they really want to see in the world. We’re going to start off this kind of new season, kind of new time here with my guest today, Deven Soni, who is the co-founder and CEO of the Matador Network. --- Deven, welcome to the program. Great. Thank you for having me. Yeah, thank you very much for joining us from lovely Las Vegas, Nevada. Always a wonderful place. And let’s start off telling us a little bit about the Matador Network. It’s kind of an alternate way that people can invest their money. Absolutely. So, what matter really is that, at the end of the day, is a company, lots of people buy, sell, and trade precious metals, starting with gold in a really easy streamlined fashion, the same way that they could buy stocks with Matador or crypto tokens with Coinbase. It’s just really an easy, streamlined way for people to participate in the precious metals economy. I know we just went through a period, potentially still in this period or have another period again where people are really concerned about inflation and people are wanting hedges against that and hedges against kind of the entire expansion of the monetary supply, which has really been going on in earnest for a little over 15 years now. So what does the precious metals offer that, say, something like bitcoin, what’s the difference between when someone’s going to want to invest in one versus the other? Absolutely, that’s a great question. It’s a really interesting one. I’m going to take a little digression because I think when you think about gold, historically, or precious metals over the last 500 years or hundreds of years, it’s been sort of that mainstream go-to asset when times get rough, when there’s wars, inflation, pandemics, inverted yield curve, all these things, you generally see precious metals outperform the majority of other assets. However, we really haven’t had a time like we have in the last couple of years where you’re seeing some of these issues in the world but you also have a whole variety of new assets, right? Bitcoin wasn’t around in the 80s. And, similarly, there’s just fewer options. You can go on your phone and invest in a bunch of things, fine art, whiskey, whatever, but I think our thought at Matador is really that gold and bitcoin have their own kind of places for people to buy. Digital assets are great because they kind of are investing in the future in some sense, in this idyllic world where a lot more transactions are digital, the unbanked use cryptocurrencies and if you watch crypto for the last 10 or 15 years, I think the world is certainly getting closer to that but I think there’s still a lot of challeng...