TJ, the Aztec obsession is odd. Oil has gone from $10 a barrel to $100 a barrel in the same time gold has gone from $270 to $1000. That looks as though oil was better than gold for speculative purposes. 10x for oil, 4x for gold and, oh, let's check QCOM... whoaahwheeeee!!! $3 then to $40 now and dividends paid en route. That's a 15x factor. AND a HUGE consumer surplus which we should include in the goodness of achievement. AND, there's no Greenhouse Effect from mobile cyberspace. Nor Peak Cyberspace to worry about. Not to mention it's a lot more fun owning the tsunami into the future, creating the next level of consciousness after the meagre biological effort which took a billion years, than hiding in a bunker with an atavistic Aztec relic of cave-man days.
Meanwhile, going forwards, to coin a phrase, QCOM will continue to do good things, increasing in value, with the huge R&D effort bringing on even greater success, unlike gold, which will continue to just sit there for another billion years, doing nothing, but having to be guarded in bunkers at substantial cost with risk of being looted.
What we can conclude is that Financial Relativity Theory bears a good approximation to reality, with the US$ shrinking as things do when they accelerate to the speed of light and gravitational fields become Black Scholes strength, with the financial event horizon now encompassing much of the world.
Mqurice
PS: We could go back further and compare oil, gold and QCOM from say 1986 to now. Oil has gone from $10 a barrel to $100 a barrel [no dividends paid]. Gold has gone from $400 an ounce or thereabouts to $1000 for a whole doubling. QCOM has gone from a twinkle in an eye to $60bn with revenue and profits growing quickly - from the early 1990s after IPO at less than $1 a share to now its a 40x bagger. Don't forget the dividends, fun and actual usefulness.
Time travel seems to be done best in cyberspace, or propelled with oil, while gold is a cryogenic process, and fiat currency is serfdom, losing ground even with interest payments [tax and dilution are evil twins]. |
