What Would ChatGPT Say?

Part II - We asked ChatGPT’s thoughts on “investing” in gold. It almost cried.

We tracked the life of a hypothetical SEC employee between June 1, when it was their first day at work, and June 26, when they shared their first draft investor alert on crypto with their supervisors. To be clear, the draft investor alert is what we are hoping the SEC would say in the interest of investor protection. A ton of material is covered between these two bookends, and for anybody who wants to understand where the public stands on the word investing, we recommend that you check our archives. 

The journey of the hypothetical SEC employee is probably over, but ours is just starting. Remember, this newsletter is a four-year project. We, as a society, have deviated so far from financial truths, we’ve got our work cut out for us. 

Yesterday, we switched gears a little bit and started talking to ChatGPT. We asked: “What is Investing?” and here is how ChatGPT answered. Since ChatGPT views both gold and cryptocurrencies as investment vehicles, a popular but ultimately wrong opinion, we’d like to continue our conversation with ChatGPT and see how it will handle some additional questions. (Note: The conversation took place on June 28, 2023, around 8-9 pm PST. In what follows, all emphases are added)

F27: Why do you think gold is an investment? 

ChatGPT: