Gold is outperforming the Nasdaq 100 since the launch of ChatGPT
19 hours ago
- #Nasdaq 100
- #AI
- #Gold
- Gold has outperformed the Nasdaq 100 since ChatGPT's launch in November 2022.
- Gold's rise reflects distrust in government money and human endeavors, contrasting with tech optimism.
- Historical events since 2000 (9/11, financial crises) have shaken faith in humanity, boosting gold.
- Current tech optimism around AI coexists with gold's rise, signaling a 'bull market in anti-humanity'.
- Factors driving gold's outperformance include inflation concerns and diversification away from US assets.
- Sanctions on Russia and US policy uncertainty are fueling a shift toward gold.
- Gold's strength suggests distrust in macroeconomic policy and a disconnect between tech and human progress.