AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

I think they may have located a more extreme, even dumber business category than “too big to fail”: “too big to bail out”.

Unfortunately, nothing is too big to bail for these clowns in power, borrowing money on America’s Credit is like their reason for being, all the lawmakers save few as well as the administration that will of course need to be bribed and paid a percentage of all bail out money.

I bet they can hit 70 trillion in debt by 2029.

As much as this sucks, I’m kind of, quite frankly, okay with it. Because I’ve decided that holding fiat currency isn’t worth doing. I hold my money in real hard money and then only convert what I need back to fiat when I need it.

They can bail out and inflate all they want, but they’re not going to be able to reduce my purchasing power.

I don’t know who will pay the bill for it, but I do know that it won’t be me.

Well keep in mind gold mining is incredibly destructive, poisoning the land. The illegal mining uses a lot of mercury, the large gold mines harvest ores whereby they use cyanide or something to seperate the gold, and in the process free a bunch of arsenic and such.

Silver is better I think. Also though, gold is way overpriced it would appear, 3,000 some dollars an ounce, it was less than 100 in 2001.

The traditional value of gold is one for every 15 silver, if the ratio is off, you aren’t getting great value.

But what could be the best, would be metals like platinum and pallidium, which have actual uses as catalysts in chemical processes.