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when covid happened gold prices, crypto and art prices went through the roof; now that the covid situation appears under control and markets have returned back
by benbojangles 1y ago
when covid happened gold prices, crypto and art prices went through the roof; now that the covid situation appears under control and markets have returned back to normal, everything is predictable again - it makes sense that art markets are taking a steep decline back to normal levels. Being able to hide assets during a time of //war/plague/market crash/comet strike etc// is a skill which will make a man great wealth if he offers the service to whoever is rich and still alive. It therefore seems logical that art markets and shows can mothball themselves for the time being.
- jdkee 1y agoGold hit a record high priced in USD today.
- benbojangles 1y agoGold always goes up. It's the rate of increase you have to monitor.
- tokioyoyo 1y ago> markets have returned back to normal From my readings and general pulse checks, it’s quite the opposite. Old risk calculations have been thrown out, and there is no new normal. Everyone operates under the assumption that market is god, and it will be bailed out in case if things go sideways, so exposure to equity is high.
- 0xDEAFBEAD 1y agoImagine if the USG bailed out everything except AI. https://www.theverge.com/politics/773154/maga-tech-right-ai-natcon https://www.theverge.com/politics/773154/maga-tech-right-ai-...