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Daniela Cambone: It's funny how we rejoice when there's like a $5, $10 move. And on the flip side of the equation, we have bitcoin.

E.B. Tucker: Well we're, we're humble peasants, we're not buying Bugattis and putting Hodel on the front and blocking traffic lands, right? So it's a very different mindset to own gold. I mean, this is kind of something that's been around for thousands of years. It's very different. So it's not, to me, it's not something that's comparable. And what will happen is, as we go through this great reset that's coming, you'll see what has staying power.

Daniela Cambone: I agree that I don't feel the two are comparable. Yet people love pitting these two assets against each other. So do you not entertain in the whole gold, do not entertain the whole gold versus bitcoin debate?

E.B. Tucker: It's not even a, it's not even a question. I mean, it's walking versus air travel. I mean there's a totally, it's not even comparable. Right? So, so with Bitcoin, what people don't realize, there's just only about, I think $160, $150 billion with the bitcoin available in the total supply. And with gold, there's $8 trillion. So people say, well, there's less bitcoin. That's better. Not really, because you look around the world, you have asset managers. People have to move in and out of these assets, and it's not, it's not a functional place to store money.

Daniela Cambone: What is your response when you know, when people, bitcoin enthusiasts, and I just had two big ones on last week, they'll say, hey, you know what? I could take my bitcoin and go to the Corner Deli and buy a sandwich. But you can do that with gold.

E.B. Tucker: Well, I don't need to do that with gold because gold is a place to store wealth. So I don't need to take my wealth and buy sandwiches. I need to use my wealth to preserve myself as a man of substance through the down periods. So that's the purpose of gold. It's real money. You can trade it into something, into another type of money whenever you need to.

(Kitco News) - Gold has been around for thousands of years and people should stop comparing it to bitcoin, which is not in the same asset class, said E.B. Tucker, director of Metalla Royalty and Streaming.

"It' not even a question, it's like walking versus air travel, it's not even comparable," Tucker told Kitco News on the sidelines of the 121 Mining Investment conference in New York.

Bitcoin's finite limit is also not sufficient to classify the cryptocurrency as a safe haven asset and store of value, Tucker noted.

"What people don't realize is that there's only about, I think, $160, $150 billion worth of bitcoin available in total supply, and with gold there's $8 trillion. People say 'well, there's less bitcoin than gold, and that's better,' well not really, because you look around the world and you have asset managers, people have to move in and out of these assets, and [bitcoin] is not a functional place to store money..." 

In response to bitcoin's rising functionality as a means of payment at retail stores, Tucker again said that the comparison  cannot be drawn with gold.
"I don't need to do that with gold, because gold is a place to store wealth, so I don't need to take my wealth and buy sandwiches, I need to use my wealth to preserve myself as a man of substance through the down periods. That's the purpose of gold: it's real money you can trade it into something, into another type of money whenever you need to.

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This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.