If central banks continue to prop up asset markets, will they inevitably debase their currency? And if so – how can investors protect their portfolios? Dan Tapiero, founder of DTAP Capital and co-founder of Gold Bullion International, joins Raoul Pal, CEO and co-founder of Real Vision, to explore these questions and more. Tapiero argues that the Federal Reserve will likely do whatever it takes to re-inflate asset prices by printing trillions more dollars – which he and Raoul agree can only be good for gold. Raoul and Dan discuss bitcoin as an unprecedented call option on the future, full of asymmetric upside, and discuss the proper allocation of gold and bitcoin at this unprecedented phase of central bank dovishness. In addition, Tapiero shares why he believes physical gold and mining stocks are superior to gold ETFs, which he calls “paper gold.”