That’s cool McCallans 12 year old was brought up. I remember an article in the WSJ at least 15 year’s ago that gauged the general economic environment by what a bar in a top tier city charged for a McCallans 12 year old. It included NYC, Singapore, Tokyo, San Fran, etc. It ranged from 12-18 at the time. Point being, it seems McCallans 12 year old is like the silver eagle in terms of worldwide recognizability. My local liquor store has it for $100/bottle right now. In addition, different article how the Chinese bought up all the stock of this aged booze years ago and that drove McCallan and others to stop even referencing the age on their items. Instead of 10, 12, 15, etc., they go with ‘gold, bronze, etc’ because they simply don’t have any aged stock left.
That (what you said), and just add the fact that buying gold and silver at a Mom and Pop shop is not doable anymore. The supply just isn’t there. The supply is with the big precious metals sellers, like APmex and JM Bullion. But even they are suffering from supply issues.
The real problem is that if you buy Gold and Silver from the big sellers then the US government knows who you are. Another confiscation (like during the Great Depression, when privacy rights still applied), will be like shooting ducks in a barrel. They will know who owns what.
Chris and Paul,
millennial here, my question is if I wanted to invest in the AI bubble the same way people invested in the dot com bubble, how would I do it ?
Secondly is the advice that Tom gives in part 4 of this video generally correct?
Thank you!
Liquors stop aging once they are bottled. A 12-year old whiskey stays 12-years old, even if you hold it for 50-years. Sorry.
The crash of the tech bubble in 2000 will be nothing compared with the crash of the AI bubble. The AI bubble just isn’t sustainable. The energy costs alone are being passed on to consumers of just simple electricity. My electric bill has gone from $30.00 to $50.00 percentage-wise. The industry hasn’t invested in system maintenance, must less system updates, for decades. The energy sector is a mess. And the energy requirements for these data centers is ginormous. I would wait to invest until after the first (even second) AI Bubble collapse.
Yes, and I bet they miracourlously manage to sell X litres per year into the market, which is odd, as they only ever bought X litres in the first place 
Well said.
I think decline is baked in due to various factors that we can’t change. At least not for generations, if at all. Any one will end our standard of living as we know it (well, it is declining for many people right now), but we have a dozen or so.
The golden age (which has been a one-off never seen before thing in history, where even plebs live better than kings of the past) is ending. Enjoy it while you can. If you can.
I listed a few unchangeable things in an earlier post:
I would say you are speaking sooth Dr. Martenson !!!
I asked a few AI engines about in-bottle aging for whiskey.
Real corks and proper storage (temperature, upright) will enable micro-oxidation which it says will add a subtle mellowness vs spoiling it - which is also possible if you store it wrong. There are tests that collectors do on the bottle to assess possible changes, including “fill level”, “color”, “legs”, “cork area”, and the label itself.
Its an interesting set of questions for me, since I didn’t really even consider what the changes to stored whiskey would be over … geez now more than a decade.
A few years ago, we found a fancy looking champagne bottle at the back of a cupboard (a gift I think), did an internet search for what it was, and low and behold was a VERY pricy bottle. After a little thought we gave it to a charity auction, where we got the tax donation receipt, the community organizers were happy, and the successful bidder sent a letter of appreciation, and the significant celebration it helped. Worked for us…
“I asked a few AI engines about in-bottle aging for whiskey.”
Ever had food poisoning? Has the computer? That memory haunts me every time I’m shown a hundred-year-old bottle of “something special” and asked: “You want to try it?” The owners have a computer test it and then asks the computer how it tastes. That makes me really queasy. Oh, God. Yeah, let the computer drink it. The computer will drink anything.
I was once invited over to a beautiful woman’s house for a party. She took me down into her basement. There was a row of very old, very dusty, champagne stacked on one side. “You want to try some?” For a moment I got really sick to my stomach. I stuck to the original plan, which was to taste the beautiful girl. No chance of food poisoning. No need to ask AI any questions.
My experience? AI lies. AI lies all the time. What kind of poisoning is that? And will we humans survive it?
Just going to observe:
- 10 years isn’t 100 years.
- Whiskey isn’t champagne.
- There were a series of tests provided that you - the human - could execute to determine what shape the liquid is likely to be in, and how good the aging process was. These tests made sense to me.
It helped validate the response that AI was accurate about where the manufacturing label was located, and how to decode what it said.
I suspect you may have a bit of PTSD from your food poisoning event, which is influencing your response.
I have a history of drinking “older wine” at a friend’s house, and have never become sick from doing so. He is very careful how he stores it. I only do it occasionally (it isn’t cheap) but it is a fun event. And did I mention - no food poisoning from 20 year old wines?
But whiskey - I don’t know much about. That’s why this thread was interesting to me.
I suspect they know that already, except for very small quantities. They can easily see where you have taken your electronic leash for a walk, or your electronic car driven to go shopping.
I’m just curious what kind of premiums are being seen for silver American Eagles. Today near me, it was about $7 a coin, for their premium never been opened from the mint tube(s). I did not ask about their trashed out & painted stock but it should have been less.
The part about this that just stuns me is they know, and they don’t care if you know.
I bought a new vehicle in 2023. The vehicle comes with a new feature that if you push the lock button twice, the car is “immobilized.” The vehicle cannot be stolen. And still my car insurance has almost doubled in the past 4-years.
It says this right in the 600-page owner’s manual. The only way the car can be re-activated is by the vehicle owner, the dealership, or the police. The police can immobilize your vehicle. They have been wanting this for decades. Now they have it.
I want my old analog car back.
Does AI exhaust the obvious?
I just bought 1 ounce silver Eagles in Downtown Los Angeles for $65 a piece. The Walking Liberty kind. Best price I could find.
Samuels Gold in Downtown Los Angeles, run by (I think) Syrian Christian guys seems to always have coins on hand.
Gold Guys next door has an OK supply of silver bars and other bullion.
Neither have enough to meet industrial needs or pension fund buyers but definitely a nice automobile’s worth of the stuff.
You are in Los Angeles, one of the top 10 US cities. Your local is not my local. It was just a little while ago, when gold and silver were setting all-time records, that you couldn’t even buy the stuff from the big sellers. Supply was out. And I am only talking about buying mint direct. Please don’t be such a jerk.
I think things will likely vary a lot by local. My local coin dealer here in my small town has thus far had plenty of stock and very reasonable premiums. I’ll admit I haven’t been in for about a month, but there were no issues back in Sept-Oct. I kinda think it might be because it is a small town. My sense is that more here are selling and I’ve been one of the few buyers.