Gold. It looks cool but what’s the actual use of gold other than being a store of value currently?
So many things, mostly used as a conductor in medical appliances and computer chips, used in satellites and spacecrafts in certain applications to protect from solar radiation.
So, the demand will be there longterm no doubt but still you might need to zoom out a bit. IMO it’s not a longterm investment with the acceleration of deep-sea mining this year.
It’s an untapped area. No body talks about. Regardless, MIT predicts deep-sea mining will be widespread by 2040.
Look up vacuuming up manganese clusters / Breaking up sea floor crust / Collecting deposits near hydrothermal vents. This is not science fiction. It is applied science.
For the older generations this might not mean a thing but c’mon… I’m 27, why would I invest in gold when there’s 9 pounds of it for each single person?
I find this very interesting, and what triggered me to bring this up today is seeing the same person “Peter Schiff” the CEO and founder of Schiff Gold, promoting gold investments over crypto via two recently published interviews with Ivan on Tech and DataDash, which also seems like a paid interview to me.
Let me know what’s your thoughts on the matter guys and if you actually see gold as a valid longterm investment, would love to hear your opinions.