TLDR: is a ‘gold bubble’ in the process of being created?
When I think of past and present bubbles, gold creates an interesting thought process.
If an equity market bubble implodes and I want out it’s a couple of keystrokes. I get some useless fiat in return, worth far less than before I went to bed.
If a gold bubble implodes and I want out, I need a shovel, some hard physical labor, find the empty jar in the galley with the safe combo, drive a few hundred miles to my kids house, call my US dealer to do a Tier 3 vault extraction, and get ahold of my contact in Shanghai. And all of that is going to cost me a lot of fiat for shipping, insuring, etc. And in return I will get a bunch of useless fiat.
All of that way too much effort. So I think I’ll just sit on my ounces and hopefully let my kids inherit them.
One of the main reasons I keep about 35-40% of NAV in metals is to counteract my lifetime dilemma of feeling that I always need to be doing ‘something’. And the funny thing is that knowing I can’t really do anything with the metals without serious though and effort, this has rolled over into other aspects of my life and I am far less impetuous than I used to be. Who knew.
TLDR: is a ‘gold bubble’ in the process of being created?
When I think of past and present bubbles, gold creates an interesting thought process.
If an equity market bubble implodes and I want out it’s a couple of keystrokes. I get some useless fiat in return, worth far less than before I went to bed.
If a gold bubble implodes and I want out, I need a shovel, some hard physical labor, find the empty jar in the galley with the safe combo, drive a few hundred miles to my kids house, call my US dealer to do a Tier 3 vault extraction, and get ahold of my contact in Shanghai. And all of that is going to cost me a lot of fiat for shipping, insuring, etc. And in return I will get a bunch of useless fiat.
All of that way too much effort. So I think I’ll just sit on my ounces and hopefully let my kids inherit them.
One of the main reasons I keep about 35-40% of NAV in metals is to counteract my lifetime dilemma of feeling that I always need to be doing ‘something’. And the funny thing is that knowing I can’t really do anything with the metals without serious though and effort, this has rolled over into other aspects of my life and I am far less impetuous than I used to be. Who knew.
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