Many of my friend, Indians of course are stumped by why I don’t bet on Gold. There are two simple reasons for that, first I still expect to live another 50 years, and I still plan to have a family and leave my values and wealth behind.

That’s the exact reason why you buy gold isn’t it? It will have a exchange value even 50 years from now? The answer is no. Gold will be as cheap as iron and other materials will become throw away cheap. Why? See this video:

The speed at which SpaceX is going ahead with starship, the innovative ideas that other startups are coming up like 3D printed rockets like Relativity Space, it’s going to get very easy to reach orbit and back to earth. From orbit we have ion propulsion powered by solar in inner solar system and technology like powerball nuclear reactors in external system from Mars onwards. This will make enable us to bring and park asteroids near Earth and mine it’s resources and make even gold dirt cheap.

Yup with the speed of human innovation, I think this will happen sooner than later. So let’s see. So definitely saving your wealth in the form of gold for your grand kids won’t work. In Napoleon’s table cutlery was made of very precious metal called Aluminum which was much costlier than gold, we now use it to make plates and pots for jail inmates because it’s so cheap now.

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