Economics Matters by Laurence Kotlikoff Podcast Jerry Bergosh on the real Gold Rush: Investments Beyond Bitcoin 1× 0:00 Current time: 0:00 / Total time: -54:32 -54:32 Audio playback is not supported on your browser. Please upgrade. Jerry Bergosh on the real Gold Rush: Investments Beyond Bitcoin Larry Kotlikoff Apr 24, 2024 Share Transcript Jerry Bergosh is not a top mining CEO. He's a semi-retired geologist who translated his degree in geology into a successful consulting career leading to the formation of his own mining company. What did his company mine? It wasn't exotic minerals. It was sand -- sand for children's sandboxes. This podcast provides a great introduction into the economics of mining, but more importantly how one can help opportunity come one's way. Please listen and share! In This Episode: I speak with Jerry Bergosh, an established authority in the field of geology with a rich background in mining and geological analysis. After working with various companies, Jerry founded his own geological analysis lab. In his career, he shifted from corporate geology to entrepreneurial ventures, which notably includes creating a thriving business that manufactured dustless sand, capitalizing on his geological expertise and turning an initial setback into a success. With years of hands-on experience and his return to mining prospecting, Jerry's journey offers invaluable insights into the practical and economic challenges of the mining industry. Discussion Topics: Investment in Tangible Assets Entrepreneurship in Niche Markets Mining and the Economy Risk Management and Financial Decisions Timestamps: 00:00 Discussing various segments of the economy in podcasts. 03:26 Jerry worked in Nevada, then started his lab. 07:45 Utah: "treasure house of the nation", natural resources. 10:41 Two types of gold deposits and miners. 14:08 Mining claims easier on private or state land. 18:05 File mining claim within 90 days. 20:18 Small-scale gold mining is akin to hobby. 25:16 Gold and bitcoin have value as stores. 29:35 Dustless sand wins award at Kids Fair. 32:25 Research discovers need for dustless sand in schools. 36:35 Rise of competition in beach sand business. 38:50 Work tailored to western US weather, logistics. 43:20 Geology business demands risk; cautious with finances. 46:47 The impact of automation on jobs and economy. 49:04 Laptop replaces big computer, programmers less needed. This episode gives a rich understanding of the real-world implications of geology and mining on the economy, as well as practical wisdom on investment, business development, and economic self-sufficiency. Subscribe Take the guesswork out of financial decisions at every stage of life with Maxifi: https://maxifiplanner.com/. Designed by Economist Laurence Kotlikoff. Economic Matters - The podcast is hosted by Laurence Kotlikoff and moderated by Alex Kotlikoff. Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author , President of maxifi.com , and Author of Money Magic . Stay Connected: Facebook , Twitter , LinkedIn Apple Podcasts Google Podcasts Spotify iHeart Amazon Music Discussion about this episode Comments Restacks Economics Matters by Laurence Kotlikoff Podcast Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Subscribe Listen on Substack App RSS Feed Appears in episode Larry Kotlikoff Recent Episodes Naill Ferguson, the Preeminent Economic Historian, Talks Geopolitics -- Yesterday's, Today's, and Tomorrow's Aug 10 • Larry Kotlikoff Jack Schibli of Lane Generational Explains Why the Stock Market Runs Largely on Autopilot and the Equity-Investing Danger this Presents Aug 2 • Larry Kotlikoff The Brilliant and Captivating Justin Wolfers Talks Economics and the Economy Jul 31 • Larry Kotlikoff Economics Matter's First Substack Live! Talking Social Security's Extreme Insolvency with Pam Krueger, Founder and CEO of Wealthramp, and… Jul 29 • Larry Kotlikoff Brilliant Investing Requires Thinking and Looking Outside the Box -- Steve Laffey Is an Extraordinary Investor. This is a Podcast You Can't… Jul 23 Economist John Goodman, Father of HSAs and One of America's Most Influential Policymakers, Talks US Healthcare Reform Jul 16 • Larry Kotlikoff Bruce Mehlman Joins Economics Matters to Discuss the Long-Term Economic Impact of the War in Iran, Geopolitics, Economic History, and His… Jul 2 • Larry Kotlikoff Sebastian Mallaby Returns to Discuss AI and his Latest Bestseller: The Infinity Machine. Jun 25 • Larry Kotlikoff