News for hackers. Stuff that matters.

A comment on Why Deutsche Bundesbank had to promise to leave 1200 tons of gold in New York. Parent comment

Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by b5u on Sunday April 30, 2017 @11:51AM (#14232088)
Land may be valuable at the moment, but that will likely change in the future when fresh, clean water will be more scarce and climate changes will render parts of Earth uninhabitable.

I'd recommend you reading this interview with M. Burry (guy who foresaw the real-estate crises in '08): http://nymag.com/daily/intelligencer/2015/12/big-short-geniu...

[ Parent | on HN ]
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by gumby on Sunday April 30, 2017 @12:48PM (#14232429)
That's still a real estate issue; you're just saying that the three important factors in real estate are "location, location, and location" and that those factors aren't stable over time. Tell that to the Carthaginians.
[ Parent | on HN ]
Re:Why Deutsche Bundesbank had to promise to leave 1200 tons... by sandworm101 on Sunday April 30, 2017 @04:19PM (#14233610)
>> fresh, clean water will be more scarce and climate changes will render parts of Earth uninhabitable.

If one wants to get all conspiracy-minded: Vancouver, Toronto ... not the warmest of cities. Neither are they in red zones for rising sea levels. And, being in Canada, have more fresh water per person than most anywhere on the planet.

[ Parent | on HN ]