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Gold is a Terrible Investment (And Why You Should Own It)

Many Happy Returns

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Valuing Gold: Myths, Models, and Market Dynamics

This chapter examines gold's valuation, suggesting it is currently overvalued by 16% based on a simple economic model. The discussion contrasts gold with silver, explores cultural significance and psychological factors, and speculates on future disruptions like asteroid mining and nuclear technology. It raises critical questions about gold's role as a currency and its investment stability amid evolving market conditions.

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