From: hal@finney.org
Date: Tue May 09 2000 - 08:37:30 MDT
> 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.
Hal
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