Gold Soaring Past $5,000 Exposes Tech’s Biggest Lie
What's safe in a world of AI uncertainty.
Let me start by saying that my life is tech — I’m an advocate to blockchain, crypto, tech companies and so. I believe these companies will form the future. But that does not mean that some primary things like precious metals or gold are doomed to fall in the short run. In the long run, they’ll always be what they’ve always been — precious.
March 2020: Tech evangelists declared gold “dead money” as Bitcoin soared.
December 2024: Gold hits $5,000 while crypto hemorrhages value amid global chaos.
The Narrative Nobody Questioned
Silicon Valley didn’t just promote crypto over gold.
They did something more dangerous: They convinced an entire generation that traditional safe havens were obsolete.
Phase 1: The Digital Delusion
Traditional investors bought gold as crisis insurance.
Tech investors bought into the mythology that innovation eliminated risk:
Crypto would replace currencies
Tech stocks only went up
Central banks were irrelevant
Geopolitics didn’t matter
Inflation was conquered
Volatility was opportunity
Diversification was for dinosaurs
Physical assets were primitive
Investors didn’t hedge against uncertainty. They bet everything on perpetual stability.
Phase 2: The Reality Acceleration
Crypto’s promise: Store of value independent of government chaos.
Gold’s reality: Actual store of value during government chaos.
Crisis acquisition for Bitcoin: Impossible during exchange shutdowns.
Crisis acquisition for gold: Available 24/7 globally.
Phase 3: The Institutional Awakening
I’ve watched three major pension funds pivot in the last six months.
They’re reallocating from growth tech to precious metals with surgical precision.
Crypto advocates needed institutions to:
Overcome regulatory uncertainty
Build new custody solutions
Educate conservative boards
Justify volatility to beneficiaries
Gold needed none of that infrastructure.
But price isn’t the real story. Accessibility is.
And when banks freeze, exchanges crash, and governments panic, physical assets beat digital promises every single time.
What My Clients Learned The Hard Way
Tech wealth got seduced by tech solutions, forgetting that chaos doesn’t discriminate between old money and new money.
The world’s oldest wealth preservation strategies survive because they work when nothing else does.
Crypto’s next move: Try to rebrand as “crisis-resistant” after proving the opposite.
Gold’s next move: It’s already won. Now it just needs to stay scarce.
The tech disruption narrative lasted a decade. Reality killed it without ever changing the fundamentals.
That’s how you win when you understand the difference between innovation and insurance.
The uncomfortable truth: Every generation thinks they’ve outsmarted risk. The smart money knows risk always finds a way to demand its ancient tribute.
Gold at $5,000 isn’t expensive. It’s educational.
Cryptocurrency belong to the future.
That does not mean Bitcoin belongs in the future.
That does not mean that Gold will fall in value.
That does not mean that other tech companies are doomed.
It simply means that gold, as an asset, is what the current generations flock to in troublesome times. In 30 years, other generations might have a different reaction.
Absolutely brillaint take on this. The part about convincing a generation that safe havens were obsolete is so on point. We saw this play out in real-time where peopel treated diversification like it was outdated thinking. The accessibility angle is what really matters tho, not just price movement. Physical assets just work when digital infrastructure fails.