I’m not what you would call a goldbug, but there is a reason governments and central banks stuff their vaults full of it. I don’t think of gold as an investment but as central bank insurance.
Meta CEO Zuckerberg announced Meta was going to increase its spend on AI development. Investors said, “Enough already!” and delivered Meta its worst day in three years.
As far as gold and silver are concerned, their price increases have outrun the fundamentals for now. That does not mean they cannot go higher at this point. They could.
Powell downplays AI bubble fears, saying today’s tech firms differ from dot-coms because they earn profits. Haggith argues he’s repeating history as Bill Gates warns AI hype echoes 1999.
