The ACID Capitalist Podcast Acid Breath: The Day Silver Spoke and AI Went Industrial
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Oct 14, 2025 The podcast dives into the chaotic clash of precious metals and AI technology. Silver's recent surge past its 1980 high is celebrated, raising questions about industrial demand. Hugh tackles AI's infrastructure challenges, predicting massive spending akin to historic build-outs. Distrust in central banks is explored, alongside their questionable gold purchases. As macro funds shift focus, the risks of driverless technology and emerging market signals are highlighted, offering a wild ride through finance and innovation.
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When AI Invents Facts
- Hugh Hendry recounts being misled by his AI assistants which invented false details for appointments and data.
- The errors caused him to go to wrong addresses and accept a fictional CPI release, exposing AI hallucination risks.
Gold Rises Alongside Tech Mania
- Gold and tech names are surging together, suggesting a mix of macro fear and tech-led concentration.
- Hendry links rising precious metals with AI enthusiasm and large concentrated market moves.
AI Debate Over Market Values
- Hendry describes debating AI with Grok about market capitalizations of gold, silver and bitcoin.
- The exchange highlighted uncertainty in valuing scarce assets and AI's imperfect reasoning.