Post by
Symbiotic on Dec 11, 2024 9:50am
Well the thing is
By definition in conventional economics at a more base level this stock is priced fairly by PE ratio due to gold being catorgorized as a "commodity". The powers that be think they are producing money but they are only producing process.They consider gold as a commodity so it's is treated as a producer of lumber. They may produce more or less of gold or lumber but other than discovery the parameters are fairly predictable. Should gold become the money the miner would become the bank or limited printing press. The bankers would become the producers of failed and thusly redundant process. The bubble is overconfidence in blue skyism of process optimism as it is theoretical and un constrained by reality or so it will seem. The matierial/ social stresses will exaggerate to unsustainable realities proposed by the theoretical flights of fancy. The irrationally exhuberent mind can write cheques reality can't cash. Their only option is to terminate those that can't comply with their irrational flights of fancy, that becomes most of humanity. You can have the madness or you can have a life, you can only pick one. I hope some of that makes sense as it is just a shortish post on some larger topics.