I get a lot of questions about why I write about technology, the stock market,
and gold so much. Why mix it up? Well, that's because I believe that the world is very connected -- especially the financial and economic world. Technology really isn't that different from gold, actually. They are both currencies. They are both means of trade. I also believe that both are capable of spawning revolutions. You see, gold, like technology, is based on a standard: it's a standard for the monetary base.That's becoming more evident today as we see gold head to new highs,
as I wrote would happen here.
As the world fiat monetary system collapses (we're witnessing this before our very eyes), that will spawn a move to more open monetary systems.
Think of the days back during mainframes and proprietary mini-computer standards. The world was ruled by technology fiefdoms and proprietary systems produced by powerhouses such as IBM in Wang Labs. The mini-computer was replaced by the industry-standard PC. Wang filed for bankruptcy. In the 1980s, and later, in the 1990s, the move to open systems accelerated as chips, networking standards, and communications opened up and could become interchangeable, spawning the creating of a massive ecosystem of suppliers. There were suddenly thousands of technology producers, rather than a handful. Technology activity throughout the world exploded. That's the power of open standards.
