That's certainly spreading the risk. But the big risk which isn't resolved like that is being inside the chimpanzee cage with no bars between you and the chimps. Spread all you like and they will still go 'ape' on us some day. When there's revolution or invasion and conquest, "asset classes" all look hopeless.
Suppose 10,000 atomic bombs go off over various cites around the world and international trade almost stops. Which asset classes would be looking good?
Gold gobblers say gold will still be gold and worth the same as it always has been = 1 ounce of gold will be worth one ounce of gold. A self-defined unit of measurement to be sure, but we seem happy to use metres as unit of length to define dimensions, speed, time in our very existence although metres are more malleable than gold.
The length of a metre is not fixed, but depends on speed [which is defined by the length of a metre, so speed is a hard thing to get a grip on] and gravitational field. In the context of singularities, the idea of a metre becomes distorted from our normal view, with the cosmos becoming the size of a grapefruit, which begs the question of who is measuring the size of that grapefruit and how did the yardstick get to be as long as it is?
Similarly, yes, gold will be worth one ounce of gold. But that means it will be worth, as usual, the cost of digging up more of the stuff, more or less.
It also assumes bandits won't rob the owner of their gold.
When apes go ape, the only solution is to not be inside the cage. Unfortunately, the exits are not clearly marked.
Mqurice |
