Don't take me too seriously, I'm just playing around here....
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Originally Posted by PR_Glen
no buffet was talking about investing and using those as examples, you are talking about assumptions and science fiction...
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Are you honestly telling me that in one hundred years from now we'll still be driving gas powered cars?
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Originally Posted by alextokyo
Donut effect does not = inner city like slums out in the sticks, since most farmland is out in the sticks. That's why they call it farmland. Wal-Marts and retail parks perhaps, but if you're expecting scenes from Blade Runner or New Jack City circa 2032 out in the middle of the Iowa countryside, it's not going to happen cuz. |
You have to look at the bigger picture. Food production has increased dramatically in the past forty years because we've become better at production. We can produce a lot more with a lot less space. At the same time, take a look at world population - that's going to be come a huge issue in the near future. I'm not saying the Iowa country side will be urban in the next fifteen years, but in the next one hundred years I can imagine seeing our countryside being turned into urban environments.
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Originally Posted by alextokyo
With that in mind, who says it won't also be possible to produce synthetic gold? If you're predicting it can be done with corn, then why not gold? I'm not talking about synthetic gold as zircon is to diamonds, but stuff that is impossible to distinguish from what has been mined out of the ground.
With the way technology is going... correct me if I'm wrong, but all it takes is the ability to get a bunch of atoms lined up right, and we're all fucked. I wonder if it would be possible to literally take atoms from shit and re-arrange them into gold...  |
We can already make diamonds, so in the near future we'll be able to make gold. However, the fake diamonds aren't worth nearly as much so I'm guessing the fake gold will be worthless too.
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Originally Posted by raymor
Let's assume that's true. Owning stock means owning a piece of the company. For $9.6 trillion, you could own all of the synthetic food companies, all of the alternative energy companies, 48 senators, and a lot of other companies. Would you rather own all of that, or a pile of metal? Stocks (companies) do well because they produce things - food, fiber, phones, everything is made by a company. Gold just sits there. It doesn't produce anything.
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He's not taking about owning stock in synthetic food companies, he's talking about oil companies. Unless Chevron and other oil companies change their business model from oil to something else, they'll go out of business. One hundred years from now we won't be driving around in gas powered cars and won't have this huge need for oil.