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It Must Be A God
Gold. It's shiny and it looks like the sun. It must be a god.
In a lot of ways, humans haven't chan
“Ah how shameless,” says Zeus, “the way these mortals blame the gods. From us alone, they say, come all their miseries, yes, but they themselves, with their own reckless ways, compound their pains beyond their proper share.”
Gold is a great example of the inherent weakness of models that assume and are based on the assumption of the existence of stable relationships which can be unearthed. I’m pointing at most economic modeling, other soft sciences. All pattern recognition-based models, which (still) encompasses AI.
That said, gold sure does feel more than a bit frothy here.
PS – love the Sea Turtle’s quote!
I have significant gold in portfolios – 5-8%. I started adding it a year ago for what seemed like good reasons. They still seem like good reasons. Nevertheless, what does it say when a defensive hedge starts keeping me up at night?
H
As to the notion the world would be better off without us. My over-under is 2100. Fifty years ago when my daughter was very young my wife and I bought her two thought provoking books which became her favorites. One was “Arthur”, about a very skeptical anteater who was prone to asking many questions. The other was “The Wump World” which was about just who would be taking over when mother finally nature got rid of the Earth’s people. I loved that one. I’m ready.
H
But is it the god?