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Gold is outperforming the Nasdaq 100 since the launch of ChatGPT

(sherwood.news)
28 points avonmach | 2 comments | 09 Sep 25 21:12 UTC | HN request time: 0s | source
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measurablefunc ◴[09 Sep 25 21:45 UTC] No.45189676[source]▶
The irony is that gold is entirely useless in a virtual & robotic economy.
replies(3): >>45189688 #>>45189905 #>>45191494 #
Bjartr ◴[09 Sep 25 21:46 UTC] No.45189688[source]▶
Not entirely, it's used in integrated circuits. Electronics is one of the places it's actually a functional good.
replies(1): >>45190738 #
measurablefunc ◴[09 Sep 25 23:10 UTC] No.45190738[source]▶
It's used in trace amounts, not enough to make much of a difference in terms of volumes traded on markets.
replies(1): >>45192245 #
1. Bjartr ◴[10 Sep 25 02:08 UTC] No.45192245[source]▶
That's moving the goalposts. "entirely useless" and "not enough to make much of a difference in terms of volumes traded on markets" are very different claims.
replies(1): >>45193060 #
2. measurablefunc ◴[10 Sep 25 03:57 UTC] No.45193060[source]▶
The use in electronics is so small that it's functionally irrelevant to its speculative market price and role in a large-scale economy, making it essentially 'useless' in that context (industrial uses are not moving the price of gold now or even in the future w/ millions of robots in the pipeline)¹. No electronics supplier is going to come to you b/c they ran out of gold dust for the trace amounts they need in their circuits, now or in the future. And if it does somehow become a problem then they will figure out how to recycle it from the old circuit boards (they do this now as well I think but it's still not enough to move the price either way in the speculative markets).

¹https://en.wikipedia.org/wiki/Gold?useskin=vector - The consumption of gold produced in the world is about 50% in jewelry, 40% in investments, and 10% in industry.