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Published Oct 6, 2023

Friday Flight - 4 Day Work Weeks, AI Investing, & Diamonds are for Suckers #732

    Delve into the transformative power of AI in shopping and investing, as well as the emerging trend of AI-focused investment funds. Explore the practicality of traditional investments like gold and diamonds, and debate the implications of a four-day workweek and current housing market challenges on modern work-life and financial strategies.
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    • Gold Bars

      Investing in gold bars, especially from retailers like Costco, might seem appealing due to their competitive pricing. However, Joel Larsgaard and Matt Altmix argue that the practical challenges of storing and selling gold make it a less attractive option. They suggest that long-term investors should focus on the stock market instead of pessimistically banking on gold 1.

      Owning gold is a pessimistic play. It's banking on the fact that you think the economy is going to go in the toilet.

      --- Joel Larsgaard

      Additionally, they highlight the marketing tactics used to sell gold and other luxury items, comparing it to Costco's sale of extravagant items like $32,000 bottles of scotch 2.

         

      Diamonds

      Diamonds, particularly natural ones, are losing their luster as lab-grown alternatives become more popular. Joel and Matt discuss how lab-grown diamonds are physically identical to mined ones but come without the ethical concerns and high costs 1.

      The market seems to be tanking when it comes to precious stones. Not that you would buy a diamond anyway as an investment.

      --- Matt Altmix

      They even consider replacing real diamonds with lab-grown ones due to their affordability and indistinguishable appearance 3.

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