From: Michael S. Lorrey (retroman@turbont.net)
Date: Tue May 09 2000 - 13:51:11 MDT
hal@finney.org wrote:
>
> > GEORGE SOROS LAYS DOWN CHALLENGE TO BROWN BY BUYING GOLD.
>
> Yawn.
>
> Gold is boring. Just a hunk of yellow metal. Sure, maybe it will go up -
> but people have been saying that for 20 years.
>
> It's not extropian in the slightest. In the long run gold is unlikely to
> be an important element. Nanotech would be able to extract it from sea
> water or mine it more efficiently, but it is unlikely anyone would devote
> much effort to it when there are so many more useful compounds to acquire.
>
> If you want to invest, invest in something which will grow in value
> as new technologies come into existence. Invest in the one resource
> which is self-motivated to increase its own value. Invest in companies,
> invest in productive enterprises.
>
> Invest in people.
On the good side, maybe Soros will lose so much money he won't be able
to afford to fund all of his anti-liberty political groups.
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