Wednesday, 12 February 2014

The Swiss Army Asset

A theory that's gained traction in recent decades is that of the diversified holding of assets. In a purely financial sense, even a balanced portfolio (perhaps including a variety of stocks and bonds) becomes more of a liability. As such, any would be investors or clients may start holding non-conventional assets, such as precious metals and even crypto-currencies. While crypto-currencies may be volatile and metal prices rigged, there is more than simply the financial gain in some cases.

In an unstable economy, the assets which sell are those that can be used to cut costs and allow people to become further self sufficient, or at least find alternative economies. It also brings to mind Gibson's concept that "The street finds its own uses for things." While the price of an individual Bitcoin can vary, the greatest asset for it may in fact be as a transfer system as opposed to a new currency.

Despite a few valiant attempts, the political machinery has largely become an incoherent mess. Can it be repaired, will something better arise, will it fail horribly, or perhaps all three? These answers are sure to be interesting as the robots advance. Perhaps the greatest asset in an unstable economy is a machine that allows one to produce almost all of what they'd need or want at once, including another such machine.

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