Comments by "Kristopher Driver" (@paxdriver) on "Why Iran and Afghanistan are headed to war" video.

Risky is a casino. Masterworks is a Ponzi. Not even close to the same thing. At least the odds of a gamble are explicit and equitable across all participants.
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@dingus6317 yeah, it's a thing. A share of a painting you have no access to isn't ownership, it's a bored ape. If the price of art is based on people being able to afford to bid on it with discretionary income, then it can only be said to be an investment if global debt were shrinking relative to population growth... But it's not. Debt is ballooning, meaning the people pricing art have excess wealth, meaning when that wealth is constricted the art loses "value" immediately because normal people don't buy it (except masterworks might overpay to keep the bubble engorged because that'd be in their business interests). It's not silver because paintings can't be used as medical devices or productive satellites. Logic is useful.
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@nunyabidniz2868 there's still meaning in the word "investment"... If something has no intrinsic value it is not an investment ipso facto, even if by dumb luck it makes you money and that was the goal it still isn't an investment.
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I would hit like on every single video if you'd stop peddling masterworks. Tax shelters like Freeports are not investments to make money with, they are shields for money you've already made. Claiming art is an investment is a lie, and snake oil brokers are just as deplorable as snake oil salesmen imho. Please stop shilling, I would respect and support the channel if you didn't harm the public with your platform by endorsing masterworks.
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