The following probably won't be relevant for decades, but it will help you know what signs to watch out for on when to get out of metals.
We know how to synthesize gold, but it's not economically feasible right now. With nuclear fusion (2030-2050) we'll have abundant energy, making the synthesis of gold economically viable.
Asteroid mining. Individual asteroids can contain up to quadrillions of dollars worth of gold. SpaceX, and perhaps others, will invariably be mining such in the future. Not sure about a timeline here. Likely before nuclear fusion.
If any of this starts getting close to becoming a reality it would probably best to be very careful.
I think you mean $33. 33% would be much bigger news.
Gold dropped 1.85% today, or $33.
$33 not %
It dropped $33 per ounce (1.85%)
Gold closed at 1776.92, down about $26.
Be careful with gold.
The following probably won't be relevant for decades, but it will help you know what signs to watch out for on when to get out of metals.
We know how to synthesize gold, but it's not economically feasible right now. With nuclear fusion (2030-2050) we'll have abundant energy, making the synthesis of gold economically viable.
Asteroid mining. Individual asteroids can contain up to quadrillions of dollars worth of gold. SpaceX, and perhaps others, will invariably be mining such in the future. Not sure about a timeline here. Likely before nuclear fusion.
If any of this starts getting close to becoming a reality it would probably best to be very careful.