Both the stock market and the economy are now growing — but only because of a whirligig of ‘capex’ spending on AI...which is most likely money down the drain.
What’s laughable is my Fidelity “advisor” hated gold at $2400, said no way he’d “let” me buy it (I didn’t listen to him), but now, at $3800, he’s talking about it.
Yep, I laughed at him yesterday, said, “Oh, so NOW you’re bullish on gold. Where were you 1400 dollars ago?”
What amazes me is that Bill (the quintessential contrarian) is so negative when gold and energy are doing splendidly. One would think a contrarian whose recommendations are thriving would sit in the corner with a Cheshire Cat grin?
I know, the sky is falling. Right up until it doesn't.
Gold isn't doing so well, it's the Dollar that is doing so poorly. Theoretically, gold can't do well or poorly; it just is. That's the point of it, right? Best always. PM
In the end, everything fails except for the relationships we have with family and close friends. I give the shirt off my back to people because I believe in "The Infinite Way" where there is always an abundance of things that are spiritual and incorporeal. It just is.
Hmmmm - judging from some of the commenters on this board one can be well prepared and 𝘀𝘁𝗶𝗹𝗹 run around like a chicken without a head at the drop of a hat. These individuals are easy to spot - they ALWAYS vote leftarde, think Charlie Kirk was hateful though they've never listened to even 30 seconds of his actual words (but their tv keeps saying so) and are 𝘀𝘁𝗶𝗹𝗹 wearing masks*....
Leftarde and masks - really........is that what you are doing ol' Rightside? You voted for Harris and still wear a mask. Who knew? Actually, it seemed to appear that you had TDS (Trump Delusional Syndrome). Just goes to show you never can tell......but good to know. A leftarde.....congratulations!
I’m a landlord too, I worry about not having rent paid because of massive unemployment AND the good old democrats making landlords a part of the government support program like they did during Covid
Energy isn't doing so well right now. In fact, we're just coming to the "inconvenient fact" that wind and solar are wholly inadequate to our actual energy need.
We're now faced with having to embark on an entirely different path to an abundant energy future. One that will provide energy at adequate scale while being environmentally safe..
ROFL. Well you got point #2 correct. I’m not wealthy. But point #1, big miss there. Unless you consider 70 to be young.
Although my Great Gram lived to age 106 and all my grandparents and parents made it to at least 92, and a couple of them to 99. So if genetics hold true I could still be considered ‘late’ middle age. Haha.
So I’ve had my finances ‘managed’ by two different entities. For the same reason you state. No time. UBS starting in 1999 when I retired early the first time, at age 45. They failed to hedge against disaster and my ultimate loss of capital was greater than 50%.
Fisher Investments the 2nd time. They did a great job, until they didn’t, and my ultimate loss was greater than 60%.
At that point my wife and I said screw it. So in 2010 we sold our house at a loss, moved onto our 35ft sailboat, and left the Great Lakes with a 5 year plan. 15 years later we are still on the boat.
We had a simple investment strategy. Gold. Silver. Cash. We converted all stocks and bonds to gold and silver in Jan 2009. That was it. When we returned to the U.S. in 2020 we had 70% more NAV than we had when we left. And that has doubled since 2020.
Gold. Silver. Some mining stocks. Some shipping stocks. An EM bond fund paying 6% and a couple other dividend stocks. Cash in MMF. That’s it.
I guess my prior bad experience with sell side advisors has colored my view. And it’s become clear to me over the years, that they don’t know anything that I can’t figure out.
But, I do understand your point because there certainly was a time where I felt like I couldn’t manage everything. That turned out to be incorrect, but it took a couple decades to figure that out. Best of luck to you in any event.
My Fidelity adviser tried to waive me off of gold at $1800. Just like all of Corporate Finance, they all get handed their songbooks(the same one) and that’s the only songbook they can sing from.
The reason to say that it's because it's a commodity and commodities come with huge risk. Additionally, they will say that there is no way to make income off of a commodity without selling at the right time. As fiduciaries there is a great deal of risk involved with commodity recommendations. I get your point. I get theirs as well.
In 2016, I asked our financial planner what our finances would look like if Social Security tanked. “Congress will never let that happen.” Wanna bet? And, as those who follow Bill know, it can evaporate via dollar devaluation and inflation.
Dollar falling can’t be the complete picture as gold is up roughly 43% year to date. Should have had “all of the above” as an answer. Keep up the great work Dan and Tom. Really enjoy your daily articles Bill.
Ai is the quantum computing operator, the fusion generator controller, the spaceship commander, the automobile driver, the surgeon's aide, the drone pilot, manufacturing manager, scientific researcher, economic analyzer, logistics planner. investment advisor (is BPR worried about the competition?)...
Ai already wears many hats and is currently trying on even more...
-
IMO there are too many not yet invested and far too many unknowns to draw absolute conclusions about Ai and the capex spending behind it.
Somehow these comments got away from the AI topic "which is most likely money down the drain". Where's the supporting evidence? Did you say the same thing when internet infrastructure was building out? Sure a lot of .coms crashed and burned and the same will be true of AI. Who wants to give up their phone or their streaming tv? I suspect we haven't yet begun to see the influence of AI on future living.
In My opinion , the winners and losers of this tech story have not been decided as yet! When a prevailing few come out "ahead" and a winner of sorts is declared then I may invest!
Mr. Barker, I agree with you about the--potential--of A.I. And, for example, many meteorologists have already praised it for helping them to improve their prediction models. But I believe Bill is skeptical about how it is being hyped because so many tech companies have no new, widely impactful technologies--right now or in the near future--to justify their stock prices. Here's a quote from Bill's best friend or certainly one of his best friends, Addison Wiggin:
"In its June 2024 investment survey, Insight, Goldman Sachs flagged dangerous overinvestment in AI infrastructure — data centers, chips, and cloud capacity — all feeding a closed loop where Big Tech bought from Big Tech, inflated one another’s valuations and pulled in trillions, literally, in outside capital."
The last highly impactful technological breakthrough that I can remember was video streaming, which really got going about seven or eight years ago. It significantly impacted people's viewing of video on various devices, not only in the U.S., but around the world. But stock investors usually don't wait for new tech to show great promise, so Hollywood hype is substituted to keep stock prices in tech steadily ascending, hoping that promise will be fulfilled.
How do you subscribe publications, count as GDP? I pay a guy who lives in Ireland France and Argentina for a subscription, does it reduce the American GDP?
Government shutdown in an oxymoron. Death is the only thing more permanent than government, and even that "race" is neck-and-neck. Can we just admit it? We're saps. Best always. PM
inflation rising and dollar falling is just either/both sides of the same coin. Continue Investing in gold is simple as long as the the US Govt. never will address a future balance budget? Yes or no!
Are you investing or covering? Technically speaking, gold is insurance, because it's a constant (k). Buying or selling gold is either covering or speculation. Best always. PM
Bill, don't have much to say today. This whole FUBAR, TABU, SNAFU, makes my skin crawl! Those thirty years of service I spent look like a picnic in the park. WTF will happen next to send us down the toilet?
My questions. If the "big boys" have been selling stocks (hand over fists for quite some time), who the devil has the kind of money to buy these AI connected stocks and to also keep the CRYPTO coins at these lofty heights? Is it foreigners, federal government, the US middle class (on credit) or Martians? I understand buying gold because "nothing else" is real money, just forms of currency (Crypto "coin" owners will sadly find this out). I know what Bill's answer is. Just wait for the Dow/Gold 5 ratio to appear and buy "great companies" and hold on for 10 to 20 years and have heaven on earth. In the meantime, where is all this money coming from to support AI and Crypto???? Any answers, youngsters????
Several of us predicted this in mid-November 2024 and have turned a windfall of fiat into hard assets as a result. Many others remained under their beds - but to each his own.
Likely time to start heading for the exit by this Christmas, but don't step through the door quite yet, IMO. Probably want to be standing completely outside by late Spring 2026....
Great stuff for you guys. I'm just too old to gamble. Obviously, you've started reading the handwriting on the wall. Just remember, the ones who wait until the last word is written may end up with what the little bird left.
Mr. Dame, According to Addison Wiggin from a chart he showed in one of his articles today. foreigners are a major reason for the most recent stock market rise.
Obviously, the market is dangerously concentrated, and AI technology is at the core of investors concerns, but is AI a "money drain"? I don't see why. Surely there will be losers in the pursuit of profit in this space but that is part of a typical over-investment pattern and a thing apart from the advancement and the utility of AI technology itself.
More interesting is the nexus of concern regarding AI and EV advancement - and while we're at it, let's throw in re-shoring of manufacturing too. All of these initiatives tie to the core capex goal of building out the next generation of energy production technology to scale, which looks to me to be nuclear.
The more stunning development I see today is the realization that the full court press by government, into select alternative energy technology of solar and wind has proven to be a massive and expensive mistake. A source of investment of taxpayer dollars for a technology wholly inadequate to drive AI data center development or EV transportation, or an all electric kitchen appliance world, or any of the rest of the environmentalist wish list of technology conversion as feverishly imagined by DC Lawyers, UN diplomats and their media cheerleaders.
I will maintain my own focus on the Sprott uranium and critical metals funds, watch the money flow into solving the AI energy need puzzle and hope, for everyone's sake, that we can convert our transportation fleet to EV as well as build-out AI data centers and re-shore critical Pharma and defense capability in the process.
Let the DC Lawyers holding the taxpayers checkbook just sit back and take notes for a while and let's see what the free market does with its own money..
Hmm, how can we invest in the salvage companies that'll eventually dismantle all the wasted AI infrastructure? If they get to keep the salvaged booty, they'll likely end up owning a lot of precious and industrial metals!
Gold is going up because the US government (Bessant) has made it clear that it is going to monetize the Gold in Fort Knox as well as monetize bitcoin via stable coins which will support treasury purchases. The central banks and big money are front running the trade. Get on board or get left behind.
What’s laughable is my Fidelity “advisor” hated gold at $2400, said no way he’d “let” me buy it (I didn’t listen to him), but now, at $3800, he’s talking about it.
Yep, I laughed at him yesterday, said, “Oh, so NOW you’re bullish on gold. Where were you 1400 dollars ago?”
...you really can't blame them, my Edward Jones advisor did the same.
The 60/40 guys played that way for decades, it's hard to change old habits.
Just ask Bill...
Good point. And they’re just parroting the company line.
What amazes me is that Bill (the quintessential contrarian) is so negative when gold and energy are doing splendidly. One would think a contrarian whose recommendations are thriving would sit in the corner with a Cheshire Cat grin?
I know, the sky is falling. Right up until it doesn't.
Gold isn't doing so well, it's the Dollar that is doing so poorly. Theoretically, gold can't do well or poorly; it just is. That's the point of it, right? Best always. PM
In the end, everything fails except for the relationships we have with family and close friends. I give the shirt off my back to people because I believe in "The Infinite Way" where there is always an abundance of things that are spiritual and incorporeal. It just is.
But what "IF" ol' Bill is right.........then what? Are you prepared for that? When that happens your hopium won't help you buy groceries......
Hmmmm - judging from some of the commenters on this board one can be well prepared and 𝘀𝘁𝗶𝗹𝗹 run around like a chicken without a head at the drop of a hat. These individuals are easy to spot - they ALWAYS vote leftarde, think Charlie Kirk was hateful though they've never listened to even 30 seconds of his actual words (but their tv keeps saying so) and are 𝘀𝘁𝗶𝗹𝗹 wearing masks*....
*Insert eye-roll here
I can only add that there are chickens without heads-plural (but no shortage of masks).
Brother, we will seriously miss you next weekend. But January is a go. More details to come on the DM.
Leftarde and masks - really........is that what you are doing ol' Rightside? You voted for Harris and still wear a mask. Who knew? Actually, it seemed to appear that you had TDS (Trump Delusional Syndrome). Just goes to show you never can tell......but good to know. A leftarde.....congratulations!
Yeah, I think the $360K a year I earn from rents, interest income (which is immune to the stock market) and the dividends I receive will tide me over.
I’m a landlord too, I worry about not having rent paid because of massive unemployment AND the good old democrats making landlords a part of the government support program like they did during Covid
Dave - one would hope so. Are you here then just for the laughs?
...Bill will be right... at some point in time.
In the meantime, if you are not invested you are standing still.
-
Tom spent a lot of time with container ships, and they have done us all well.
Had they invested that research into Ai related phenomena I believe we would have done even better.
Sure, I made out with the container ships.
However, investing in Ai I made much more...
IMO the Ai party ain't over yet...
The next Wall St Casino game is likely fusion...
Fusion at some point but I think, not for a while (2050?) at any appreciable scale.
Still Fission (SMR & HALEU fuel) for the not-too-distant future (2035) build-out..
Also, NG Turbine with HRSG and BESS kit for sustaining critical operations in the near term.
Just my opinion....
I love that you're doing well. Some of us codgers refuse to accept the negativity.
Meh. Let it fall. Some of us will be indoors having a great supper or taking a nap....
Energy isn't doing so well right now. In fact, we're just coming to the "inconvenient fact" that wind and solar are wholly inadequate to our actual energy need.
We're now faced with having to embark on an entirely different path to an abundant energy future. One that will provide energy at adequate scale while being environmentally safe..
He wouldn't be contrarian if he continued to follow the herd...
They are trained on Wall Street and make money from that.
Important lesson sir. The “experts”, like the majority are always wrong 🤔…just follow the science 🤣😂🤣😂
It is not possible (nor allowed) to use the term "science" without the modifier "settled". LMAO Best always. PM
With lots of exceptions like, "follow the covid science".
OMG. Why would anyone ever use an ‘advisor’ tied to a brokerage firm?
Not being critical, as there could be a good reason.
I’m just asking the question because I can’t think of a good reason.
You must be young and not that wealthy. At some point you can't manage everything
ROFL. Well you got point #2 correct. I’m not wealthy. But point #1, big miss there. Unless you consider 70 to be young.
Although my Great Gram lived to age 106 and all my grandparents and parents made it to at least 92, and a couple of them to 99. So if genetics hold true I could still be considered ‘late’ middle age. Haha.
So I’ve had my finances ‘managed’ by two different entities. For the same reason you state. No time. UBS starting in 1999 when I retired early the first time, at age 45. They failed to hedge against disaster and my ultimate loss of capital was greater than 50%.
Fisher Investments the 2nd time. They did a great job, until they didn’t, and my ultimate loss was greater than 60%.
At that point my wife and I said screw it. So in 2010 we sold our house at a loss, moved onto our 35ft sailboat, and left the Great Lakes with a 5 year plan. 15 years later we are still on the boat.
We had a simple investment strategy. Gold. Silver. Cash. We converted all stocks and bonds to gold and silver in Jan 2009. That was it. When we returned to the U.S. in 2020 we had 70% more NAV than we had when we left. And that has doubled since 2020.
Gold. Silver. Some mining stocks. Some shipping stocks. An EM bond fund paying 6% and a couple other dividend stocks. Cash in MMF. That’s it.
I guess my prior bad experience with sell side advisors has colored my view. And it’s become clear to me over the years, that they don’t know anything that I can’t figure out.
But, I do understand your point because there certainly was a time where I felt like I couldn’t manage everything. That turned out to be incorrect, but it took a couple decades to figure that out. Best of luck to you in any event.
You Simply have to advantage your advisors
Convenience. Everything has a price. Best always. PM
Copy. That’s true. You as well.
My Fidelity adviser tried to waive me off of gold at $1800. Just like all of Corporate Finance, they all get handed their songbooks(the same one) and that’s the only songbook they can sing from.
Give him the old "I thought your beat is money" line, and then ask him what he thinks about Hamas and harangue him ragged over it. Best always. P{M
The reason to say that it's because it's a commodity and commodities come with huge risk. Additionally, they will say that there is no way to make income off of a commodity without selling at the right time. As fiduciaries there is a great deal of risk involved with commodity recommendations. I get your point. I get theirs as well.
In 2016, I asked our financial planner what our finances would look like if Social Security tanked. “Congress will never let that happen.” Wanna bet? And, as those who follow Bill know, it can evaporate via dollar devaluation and inflation.
The reason they call them brokers is because they are broker than you.
Ahhh… Classic.. The Johnny come lately 😎✅
Dollar falling can’t be the complete picture as gold is up roughly 43% year to date. Should have had “all of the above” as an answer. Keep up the great work Dan and Tom. Really enjoy your daily articles Bill.
Sir you are absolutely correct, no one reason, a result of all and I am holding mine until the DOW/GOLD hits 5!!!
Agreed✅…I was surprised that “All of the above “ was … omitted 😎
Ai is the quantum computing operator, the fusion generator controller, the spaceship commander, the automobile driver, the surgeon's aide, the drone pilot, manufacturing manager, scientific researcher, economic analyzer, logistics planner. investment advisor (is BPR worried about the competition?)...
Ai already wears many hats and is currently trying on even more...
-
IMO there are too many not yet invested and far too many unknowns to draw absolute conclusions about Ai and the capex spending behind it.
Ai STILL can't tell me if I'm going to throw 7 first chance on the pass line... see you at "the tub". Best always. PM
Claude sez: the probability is 6 out of 36, or about 16.67% (roughly 1 in 6).
IMO Claude is much better than chatGPT, Ai assist and GROK.
OH, hell, I thought Claude was a drankin' buddy... Haha Best always. PM
...it is!
LMAO.
Bergs, you need to get out more.....
I thought I was an ugly,
oversided boot. Claude hoppers.
Somehow these comments got away from the AI topic "which is most likely money down the drain". Where's the supporting evidence? Did you say the same thing when internet infrastructure was building out? Sure a lot of .coms crashed and burned and the same will be true of AI. Who wants to give up their phone or their streaming tv? I suspect we haven't yet begun to see the influence of AI on future living.
In My opinion , the winners and losers of this tech story have not been decided as yet! When a prevailing few come out "ahead" and a winner of sorts is declared then I may invest!
Mr. Barker, I agree with you about the--potential--of A.I. And, for example, many meteorologists have already praised it for helping them to improve their prediction models. But I believe Bill is skeptical about how it is being hyped because so many tech companies have no new, widely impactful technologies--right now or in the near future--to justify their stock prices. Here's a quote from Bill's best friend or certainly one of his best friends, Addison Wiggin:
"In its June 2024 investment survey, Insight, Goldman Sachs flagged dangerous overinvestment in AI infrastructure — data centers, chips, and cloud capacity — all feeding a closed loop where Big Tech bought from Big Tech, inflated one another’s valuations and pulled in trillions, literally, in outside capital."
The last highly impactful technological breakthrough that I can remember was video streaming, which really got going about seven or eight years ago. It significantly impacted people's viewing of video on various devices, not only in the U.S., but around the world. But stock investors usually don't wait for new tech to show great promise, so Hollywood hype is substituted to keep stock prices in tech steadily ascending, hoping that promise will be fulfilled.
“𝘎𝘳𝘦𝘢𝘵 𝘕𝘶𝘮𝘣𝘦𝘳𝘴 𝘤𝘢𝘮𝘦 𝘰𝘶𝘵 𝘵𝘰𝘥𝘢𝘺 𝘰𝘯 𝘵𝘩𝘦 𝘌𝘤𝘰𝘯𝘰𝘮𝘺 (3.8%!), 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘚𝘜𝘊𝘊𝘌𝘚𝘚 𝘸𝘦 𝘢𝘳𝘦 𝘩𝘢𝘷𝘪𝘯𝘨, 𝘣𝘶𝘵 𝘰𝘶𝘳 𝘐𝘯𝘵𝘦𝘳𝘦𝘴𝘵 𝘙𝘢𝘵𝘦𝘴 𝘢𝘳𝘦 𝘵𝘰𝘰 𝘩𝘪𝘨𝘩!”
Then:
"𝘐𝘧 𝘺𝘰𝘶 𝘭𝘰𝘰𝘬 𝘢𝘵 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘵𝘸𝘰 𝘲𝘶𝘢𝘳𝘵𝘦𝘳𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘺𝘦𝘢𝘳, 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘵𝘩𝘢𝘵 𝘩𝘰𝘶𝘴𝘪𝘯𝘨 𝘸𝘦𝘯𝘵 𝘥𝘰𝘸𝘯. "
Surely there are no dots to connect there......
How do you subscribe publications, count as GDP? I pay a guy who lives in Ireland France and Argentina for a subscription, does it reduce the American GDP?
...Phil Anderson's book "The Secret Life of Real Estate and Banking" touts a 18.5 year land value cycle.
I questioned the veracity of this prediction; not because Phil was wrong in his research, he is quite spot on.
It's difficult to imagine real estate price (or land values) dropping while propagating a "housing crisis".
But Phil is adamant the cycle will repeat...
Government shutdown in an oxymoron. Death is the only thing more permanent than government, and even that "race" is neck-and-neck. Can we just admit it? We're saps. Best always. PM
inflation rising and dollar falling is just either/both sides of the same coin. Continue Investing in gold is simple as long as the the US Govt. never will address a future balance budget? Yes or no!
Are you investing or covering? Technically speaking, gold is insurance, because it's a constant (k). Buying or selling gold is either covering or speculation. Best always. PM
Bill, don't have much to say today. This whole FUBAR, TABU, SNAFU, makes my skin crawl! Those thirty years of service I spent look like a picnic in the park. WTF will happen next to send us down the toilet?
Ali
Try a tactical nuke in the eastern Europe quagmire; that should get the job done. Best always. PM
Prolly need to lob several. When I was in service, the Battlefield TacNucs were touted as taking out One Square Kilometer - but that was a while back.
I always wondered if that precise prediction was straight-edged, or kinda raggedy....
Probably with AI, you can have any shape you want ha ha.
Hallelujah Patriots!! Let's hope the dims can stay stupid longer than our "government"" can stay bloated.....
https://x.com/profstonge/status/1973349676117118987?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1973349676117118987%7Ctwgr%5E3d82c061f736c162e2ba2c6f0a5c62fc071d0015%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fchoiceclips.whatfinger.com%2F2025%2F10%2F01%2Ftrumps-golden-opportunity-democrats-shutdown-blunder-hands-the-patriot-president-power-for-mass-firings-and-agency-closures%2F
My questions. If the "big boys" have been selling stocks (hand over fists for quite some time), who the devil has the kind of money to buy these AI connected stocks and to also keep the CRYPTO coins at these lofty heights? Is it foreigners, federal government, the US middle class (on credit) or Martians? I understand buying gold because "nothing else" is real money, just forms of currency (Crypto "coin" owners will sadly find this out). I know what Bill's answer is. Just wait for the Dow/Gold 5 ratio to appear and buy "great companies" and hold on for 10 to 20 years and have heaven on earth. In the meantime, where is all this money coming from to support AI and Crypto???? Any answers, youngsters????
...I for one have disobeyed BPR and went wild in the Wall St Casino since Liberation Day.
Paid off better than I had ever expected or experienced, I doubled the value of my account in 7 months!
Not sure when the gravy train stops, but right now Wall St is throwing up money...
Several of us predicted this in mid-November 2024 and have turned a windfall of fiat into hard assets as a result. Many others remained under their beds - but to each his own.
Likely time to start heading for the exit by this Christmas, but don't step through the door quite yet, IMO. Probably want to be standing completely outside by late Spring 2026....
Great stuff for you guys. I'm just too old to gamble. Obviously, you've started reading the handwriting on the wall. Just remember, the ones who wait until the last word is written may end up with what the little bird left.
The emerging tech exuberance chart seen on Charles Payne "Making Money" agrees with you Star.
Mr. Dame, According to Addison Wiggin from a chart he showed in one of his articles today. foreigners are a major reason for the most recent stock market rise.
Thanks, Frank. That answers my question. Heck, the way this mkt is going we may end up with investors from Mars before this thing ends.
ETFs. (Not young, so maybe answer doesn't count.)
Could I vote for all four answers in Dan's quiz?
Most multiple choice exams include "All of the above" or "None of the above". The really tricky ones give combination options.
Don't forget "Not enough information given to solve problem". That's government's job: obfuscation and fact-avoidance. Best always. PM
The dollar is falling but Wall Street is ripe with speculation and momentum and obviously gold and now silver is the game.
...it's rife with young folks no longer able to put their money to work in real estate.
Many surveys report folks still consider real estate THE best investment.
Obviously, the market is dangerously concentrated, and AI technology is at the core of investors concerns, but is AI a "money drain"? I don't see why. Surely there will be losers in the pursuit of profit in this space but that is part of a typical over-investment pattern and a thing apart from the advancement and the utility of AI technology itself.
More interesting is the nexus of concern regarding AI and EV advancement - and while we're at it, let's throw in re-shoring of manufacturing too. All of these initiatives tie to the core capex goal of building out the next generation of energy production technology to scale, which looks to me to be nuclear.
The more stunning development I see today is the realization that the full court press by government, into select alternative energy technology of solar and wind has proven to be a massive and expensive mistake. A source of investment of taxpayer dollars for a technology wholly inadequate to drive AI data center development or EV transportation, or an all electric kitchen appliance world, or any of the rest of the environmentalist wish list of technology conversion as feverishly imagined by DC Lawyers, UN diplomats and their media cheerleaders.
I will maintain my own focus on the Sprott uranium and critical metals funds, watch the money flow into solving the AI energy need puzzle and hope, for everyone's sake, that we can convert our transportation fleet to EV as well as build-out AI data centers and re-shore critical Pharma and defense capability in the process.
Let the DC Lawyers holding the taxpayers checkbook just sit back and take notes for a while and let's see what the free market does with its own money..
Hmm, how can we invest in the salvage companies that'll eventually dismantle all the wasted AI infrastructure? If they get to keep the salvaged booty, they'll likely end up owning a lot of precious and industrial metals!
Gold is going up because the US government (Bessant) has made it clear that it is going to monetize the Gold in Fort Knox as well as monetize bitcoin via stable coins which will support treasury purchases. The central banks and big money are front running the trade. Get on board or get left behind.
MK
Is AI the 21st century tulip?🌷