this COMMs? it clocks big time on Gold, Occult, & the Dollar

Hedge Fund CIO: An Asset With Finite Supply, But No Intrinsic Value, Can Become Priceless

SUNDAY, JAN 30, 2022 - 05:30 PM

By Eric Peters, CIO of One River Asset Management

“The Fed bought $130bln [13?] of bonds so far this year. And globalcentral banksbought $300bln already,” saidBiggie Too,[B2, Stealth Bomber?] global chief strategist for one of Wall Street’s too-big-to-fail affairs.

“We have a rate shock, yet they’re still doing QE,” bellowed Biggie. “There really are just two camps now:sheepishequity longs and stubborn equity longs,” he barked.

“So you gonna buy 30yr treasuries with 7% inflation? Or buy gold when the dollar is going up? Who wants to buy emerging markets when the Fed is about to tighten?” asked Biggie, working himself up, bouncing.

“Maybe that’s why equities have gone from being this thoroughbred, racing beautifullyaround the track,[clock?] to a bucking bronco – and yet no one can get off.”

• • *

Infrared tests of the ancient artwork reveal that Botticelli initially started painting Christ as a young child, hugged by his mother. But for reasons long since lost, during the year1500 AD, the55yr old artist entered his studio, turned the canvas upside down, started over, and producedThe Man of Sorrows.

From a fewouncesof unremarkable paint, emerged a masterpiece, a haunting work. His earlier paintings were mainly mythological, The Birth of Venus, his most famous. Later, his work turned more Gothic, perhaps a reflection of thedarknessthat briefly descended onFlorence.[Q+ in AZ?] Dictatorship. Botticelli lived ina time resembling ours,rhyming, theRenaissance– a period of breathtaking creativity, expressed with the tools of time, brushes, chisels,pens.

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https://www.zerohedge.com/markets/eric-peters-asset-finite-supply-no-intrinsic-value-can-become-priceless

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this COMMs? it clocks big time on Gold, Occult, & the Dollar

Hedge Fund CIO: An Asset With Finite Supply, But No Intrinsic Value, Can Become Priceless

…

But even in periods that favor the uninhibited expression of human creativity, we wrestle with oureternal demons.Political conflict, rivalry, false pride, greed, stupidity. We see it manifest today in Russia/Europe, US/China, Republicans/Democrats, climate-change, crushing inequality. TheMan of Sorrowschanged hands overfive[:05/:35 MIRROR - :35 plays] centuries, watching our triumphs, defeats, in silence.

An anonymous buyer purchased the painting in1963.It re-emerged this week, selling for45,400,000 dollars; a currency invented282yrsafter Botticelli died.

The Sotheby’s auction price is +1,621-times the 28,000 dollars paid in1963.Such a return is almost inconceivable.

The S&P 500 in those 59yrs is +68-times.Gold+51-times [51 MIRROR >15; today is :15 on Q-Clock]. The US consumer price index is +9-times [==33 COMMS?]. But high art is unlike other assets, connecting us to genius, the sublime. And it reveals this truth: an asset with finite supply, but no intrinsic value, can become priceless, if only we imagine it so.

Which leads back toour present Renaissance. We live in a period of utterly stunning human advance, expressed with the technological tools of our time. Today’s greatest creations will barely resemble those of the past. Yet all this is obscured from most by the distractions streaming across the newsfeeds. And ourhighest calling,of course, is to navigate the rising volatility, while quietlycreating and investing in the treasures of tomorrow.

https://www.zerohedge.com/markets/eric-peters-asset-finite-supply-no-intrinsic-value-can-become-priceless

https://www.usmint.gov/learn/history/historical-documents/coinage-act-of-april-2-1792

https://www.papermoneywanted.com/1963a-one-dollar-federal-reserve-notes

https://en.wikipedia.org/wiki/Sandro_Botticelli

http://www.onedollarbill.org/history.html