Same story for bitcoin. IMO, it's a sign that the upper classes no longer believe in the US economy. As for the value of gold in the post-human AI world, if that happens, it's better to own something that AI cannot fabricate. For example, the multi-trillion value of Microsoft rests on MS Office, among other things, and MS Office is so valuable because clerks around the world need it to move spreadsheets around. But who needs those clerks in the AI world? What's the value of college education when AI can do all the work? What's the point of medical industry if the companies don't need to keep their employees healthy?
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