<div dir="ltr">I have a colleague who's been able to get fairly good returns for the past half year, using certain offshoots of recent AI & crypto, for small investors: $1K-$100K per person. That's about all I can say in public.</div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Sat, Jun 3, 2023 at 9:57 AM William Flynn Wallace via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr"><div class="gmail_default" style="font-family:"comic sans ms",sans-serif;font-size:large;color:rgb(0,0,0)">Yeah, I'd like to know where to put my excess money.</div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif;font-size:large;color:rgb(0,0,0)"><br></div><div class="gmail_default" style="font-family:"comic sans ms",sans-serif;font-size:large;color:rgb(0,0,0)">Gold, and not any other thing in this world, has such a very high symbolic value. If you've got gold you are rich and safe. It will never drop to the value of silver or anything else (Van Gogh?). bill w</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Sat, Jun 3, 2023 at 10:52 AM John Clark <<a href="mailto:johnkclark@gmail.com" target="_blank">johnkclark@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="ltr"><font size="4">I have a theory about interest rates and I'd like to know what those who know more about economics than I do think about it. </font><div class="gmail_default"><br></div><font size="4">When it comes to economic forecasting the generally accepted beliefs that an economy's population has is all important, and it doesn't even matter if that belief is true. So on the day it becomes generally accepted that the AI singularity is near and a very drastic increase in productivity is imminent I believe there will be a BIG increase in interest rates, because a dollar in your pocket right now will be more important to you than a million dollars will be in 20 years, even if you manage to survive the singularity which you very will might not. And if you don't survive then the value of a dollar to you will be precisely zero, so you might as well spend it today and have a little fun and not loan it out. So regardless of if you believe you will survive the singularity or not, for you to be willing to loan me a dollar today if you were a logical you would demand that I give you many many more dollars tomorrow as repayment. Put it another way, in a few years a dollar will enable you to buy far more stuff than it can today, so you'd want to save your money and not lend it out unless you were given a very big reason to do so, such as an astronomically high interest-rate.</font><div><br><div class="gmail_default"><font size="4">If I'm right about this then that would mean those who think they are being conservative and safe by investing in low interest government or corporate bonds will be disappointed because the value of all low interest investments that are supposed to be safe will crash. But that leads to another question that I don't have a clear answer to, even if I decide to save my money and not loan it out, how am I supposed to safely do that? I'm sure some will immediately say "gold" but I have no reason to believe that in a post singularity world that particular metal will be significantly more valuable than iron. Iron is much more common than gold but iron is also much more useful than gold. </font></div><div class="gmail_default"><br></div><div class="gmail_default"><font size="4" style="font-family:arial,helvetica,sans-serif">John K Clark</font></div><div class="gmail_default"><font size="4" style="font-family:arial,helvetica,sans-serif">See what's on my new list at </font><font size="6" style="font-family:arial,helvetica,sans-serif"><a href="https://groups.google.com/g/extropolis" target="_blank">Extropolis</a></font></div><div class="gmail_default"><br></div><div class="gmail_default"><br></div><div class="gmail_default"><br></div></div></div>
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