[swman]

For starters where else are you going to put money right now besides the stock market?

The current gold rush is AI. Who is selling the pick axes? Who is going to set up the laundromats and general stores?

Basically, don’t become the actual gold miner lol.

[fragmede]

fwiw government tbills give guaranteed returns due to the high interest rate, and are exempt from state taxes.

The popular saying is ti sell shovels, but who do you sell shovels to? If there were no good miners, there'd be no market for shovels.

[swman]

tbf maybe my analogy is wrong but I see there are various players like nvidia and open ai (shovels), vector db and other "infra" type startups (laundromats), and everyone else who is building apps in this ecosystem (miners).

The miners keep coming and going because most of their apps either fall way short of actual enterprise value/expectations, or can be easily incorporated into the big players.

Who exactly benefited during the gold rushes of the 1850s? I think it was everyone else but the miners. Did some miners make a fortune? Sure, but what remains of their legacy today is the foundations laid by the shovel makers and laundromats that allowed california to blossom.