MI164: What is Money? w/ Jim Crider

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. SPONSORS Support our free podcast by supporting our sponsors: HelloFresh Fundrise Linkedin Marketing Solutions TurboTax NerdWallet NetSuite Read this episode’s transcript and full show notes on our website. Connect with Jim: Website | Twitter  Connect with Clay: Twitter  HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Learn more about your ad choices. Visit megaphone.fm/adchoices