Moonshots with Peter Diamandis · Oct 23, 08:00 PM UTC
Speaker calls gold unproductive as a precious metal, productive only in manufacturing
Historical operation · Retained
“>> and gold is a productive use of capital. >> Gold is not a productive use of capital when it's treated as a precious metal. It can be treated at least to some extent as a productive asset if it's used to manufacture useful things. But a lot of gold is not used to manufacture useful things.”
Quoted source · 08:59–09:20 · 8 source segments
- [1] 08:59–09:04
- [2] 09:02–09:06
- [3] 09:04–09:09
- [4] 09:06–09:11
- [5] 09:09–09:13
- [6] 09:11–09:16
- [7] 09:13–09:17
- [8] 09:16–09:20
Model assessment
The cited exchange is a participant's opinion that gold is not a productive use of capital when treated as a precious metal, and only partly productive when used to manufacture useful things. This is a general asset-view discussion, not a material catalyst or change to gold's expected fundamentals, and the speaker is not attributed. With no prior system signal, there is no actionable directional evidence, so DO_NOTHING.
8 exact transcript citations