Gold, bitcoin as best defense against coming volatility, says ex-Goldman Sachs trader

Published on 02 Oct 2020 / In News & Politics

“In 2008, people were worried about losing their homes, or their second homes, or their third homes, or things of that nature. Now, you have people that don’t know necessarily if the stimulus check doesn’t come, where their next meal is coming from. That kind of fear changes behaviors across everything,” said Jason Urban, CEO of Drawbridge Lending and former institutional trader at Goldman Sachs.

Urban said that both gold and bitcoin can serve as defensive assets.

What do you think would be the best asset to hold right now? Comment below.

0:34 - Macro overview
2:50 - The best defensive assets to own
3:48 - Bitcoin's similarities to gold
5:26 - Major investment risks
6:39 - Republican vs Democrat victory and impact on investments
7:30 - Money supply increase
8:35 - Gold hedges against inflation and deflation
10:08 - Asset allocation
10:50 - Equities valuations sentiment
12:52 - Stocks vs bitcoin, vs mining companies vs gold
14:09 - Geopolitical risks
15:16 - Bitcoin price mania
15:52 - DrawBridge Lending
16:22 - Final advice to investors

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