(1-i) On 1st of December 1982 and every 12-months thereafter one buys one troy ounce of gold, and one unit each of NEM, GDX, HMY, GDXJ, DJIA, S&P, and a barrel of crude, for the prices indicated

(1-ii) From 1982 - 2000 one would be buying into a sh*t storm when gold cratered from $444 to 271 per troy ounce, and the storm also found expression in NEM and HMY, large constituent parts of GDX and GDXJ respectively

(1-iii) One would have done better buying #1 performer S&P500 and runner up DJIA for those years

(1-iv) For the items bought in 1982, Gold would be 6.05X of cost by now, DJIA 40.07X, and S&P500 42.01, and crude be at 2.41X by this past Friday. Arguably crude represents inflation

(1-v) By last Friday ALL the Gold bought over the years in total would have scored 5.27X and 4.04% per annum return

NEM at 1.48X / 0.94% per annum,

GDX at 1.41 / 1.92% per annum,

HMY at 2.48X / 1.72% per annum,

GDXJ at 1.29X / 1.72% per annum,

DJIA at 8.98X / 5.37% per annum,

S&P500 at 10.08X and 5.66% per annum, and

Inflation over the period indicated by Crude scored 2.55X / 2.25% per annum.

(2-i) Miners and miner ETFs are not good investments but occasionally good trades

(2-ii) Gold is of higher volatility than that of DJIA and S&P500

(2-iii) Physical gold cannot be conveniently sold and therefore encourages one to do diamond-hand HODL, even as one cannot easily spend or leverage the HODL and be stupid

(2-iv) Physical gold is decentralised, and belongs to whomever HODL-ing it

(2-v) All paper assets, including individual equities and ETFs are centralised, at the brokerage account, the ETF manager, and the corporate levels, and can go to zero, and crude ETF went to negative once during Covid 2020

(2-vi) Gold beat bonds over recent times of the new century (1997 onward), and so in typical 60/40 or 70/30 bonds / equities portfolios one would have done better swapping out bonds whilst slipping in Gold

(2-v) Gold had nearly doubled when equities nearly halved, several times, and might do so again

(3-i) During the coming wobbles many companies on the DJIA and S&P500 indices might experience mass-extinction moment, or halvings

(3-ii) Gold, given new decentralised use-cases by BRICS+ agitation should carry on the tradition of the past 6,000 years of collateral-good pristine money, and rise relative to everything else except the winning fiat currencies should there be any

(3-iii) I do not know which, if any, fiat currency(ies) would survive the coming systemic zero-state reset. Do you?

(3-iv) The systemic zero-state reset would most likely be triggered by combinations of anocracy, identity politics, and class struggle, all by forces already deep within societies and nothing about inter-domain wars

(5-i) Governmental authorities (environmental, central banks, etc etc)

(5-ii) Creditors and business partners

(5-iii) Spouse (nuke!)

(6-i) makes the use-case of BTC, ETH, USDC/ USDT, and PAXG (Paxo Gold) obvious

(6-ii) makes physical gold useful

(6-iii) makes gold, physical and paper (GLD) the go-to assets respectively, for HODL-ing and for trading

Cliff Notes re academia read

Peer-reviewed academia read

Collapse-porn by academia

Dramatisation

On Mondays, Wednesdays and Fridays we can focus on China-collapse, and

... on Tuesdays, Thursdays and Saturdays we should focus on China the threat, and

... on Sundays we whisper the quiet parts out loud.