Toby Howell

If social media companies are in the same boat where they did studies that found that, yes, these platforms and these infinite scroll and algorithms we developed are negatively impacting teenagers' mental health and we still put it out to the world, that's where you start to see some liability pop up.

The big question here is correlation or causation.

So far, no studies have really been able to pin the mental health issues of teens on social media companies from a causation perspective.

So I think that's the hurdle that still needs to be jumped in order for these cases to actually land the knockout blow that they're going for.

My breath is taken and I'm profoundly scared sitting here, Neil.

You are right, though.

The safe haven bid has returned in force for gold.

Max Belmont, a first Eagle investment manager, told Bloomberg gold is the inverse of confidence.

So that's another way of framing it.

But I do want to just like zoom out and look at these price charts that are happening.

it looks like mania.

It smells like mania because these things have gone parabolic.

And it sort of is a little bit of a speculative mania right now.

The place that is the ground zero for mania in the investing world is WallStreetBets' Reddit forum.

The two most popular tickers by far in that forum are gold and silver ETFs.

So those are what's being mentioned over the past 12 hours, the past 12 days.

It truly is just becoming the Tesla or the GameStop of these retail investment crowd, even though there are all these geopolitical forces feeding into it as well.

If governments keep printing and borrowing, I want assets that they can't print.

That's probably the best summary of the debasement trade that I at least can give.

Those are kind of two conflicting reports you just gave there, though, because yes, the Super Bowl is still absolutely this must-see event with a lot of eyeballs glued to their televisions, but brands are also saying, we do need more bang for our buck, so we should release it two weeks into advance because the new meta in advertising right now is you have to create these cultural moments around your ads.