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Yeah the fab shortage is really keeping lifetimes long, far longer than in the past.

I've brought my old GTX 1070 out of retirement for for some molecular dynamics these days because its "free" except for eh electricity and have Ben pleasantly surprised at what it can get done chugging along in the background. I'm considering buying some more, as it's kind of a steal in pricing.

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That’s because of current supply shortage, not inherent value. Is there any reason to believe that when fabs can sufficiently scale up production these GPUs will continue to be valued like gold and not something you hold on to for a couple years and then toss in the bin for a newer faster model – aka how computer hardware economics have worked for the last 50 years?
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A supply shortage reveals the inherent value.

A supply abundance reveals the inherent cost.

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