This week in the Chanticleer podcast, TonyBoydAFR and MrJThomson look at ChatGPT, the Reserve Bank’s new attitude on interest rates, and how much gold $24 billion will buy. Listen today:
Here are some highlights from the conversation:”This week, we saw artificial intelligence move from what I’d call a curiosity to a moneymaker as Microsoft and Google announced the launch of search engines that are AI enabled.”RBA’s surprise aggression on rate rises”I think we’re sort of seeing a different Philip Lowe this year. We’re not getting the sort of conversation with him that would normally happen. ... I’ve been arguing for a soft landing, so I think two should be enough.
It’s got some utility, particularly for jewellery and in some small industrial uses, but largely, it’s an asset class of its own. It’s almost a tool, not for speculation but as a store of value, historically.””If you look at the amount of resources Newcrest has, at the current gold price it’s actually probably worth about $40 compared to what its peers are valued at. Now, that’s a lot more than what Newmont is offering.
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