Gold Mines
topic on 2 shows · 2 statements across 2 episodes
Capital Allocators 
David Senra
2 statements about Gold Mines, every show
Kalanick: Automating a gold mine increases annual output by 20%
“Because we can go to a gold mine right now, go to a gold mine CEO and ask whether he wants 20% more gold per year. Why? Because when you automate it, that's the output.”
Tepper: Gold works only as a negative real rates bet, gold mines are terrible
“Gold essentially could be a useful investment given that it's the inverse of the real rate. So to the extent that real rates are negative, it might be good investment, but gold mines themselves are terrible. And gold has a limited function in terms of a bet on…”