Lack of an identifiable creator.
Many theories, but I have seen nothing that would constitute objective evidence.
If king Wilhelm Alexander of the Netherlands can moonlight from his day job of being king to fly for klm, who’s to judge a convinient store chain IT guy from doing the same. Lol.
No clue as to how accurate it is, but I've heard people say that a huge part of NVDAs chips are sold to Open AI and that none of this had reach commercial status--as in profits. That would strike me as precarious.
Nvidia is being used in every major AI data center, not just openai. But it's true that AI itself is not making profits, if that's what you mean. The big players are all making mega-investments hoping that, at some point, someone will figure out how to monetize it. OpenAI is interesting because it is by far the best known, but also the least stable in terms of financing. Contrast with Google, which invented modern AI and is so profitable in its other businesses that it is not only funding its AI ambitions with free cash, but it's also generating so much gross profit that it's paying a dividend even after the AI suck. If you're in the game of predicting the future, google and Microsoft have the war chest to fight this battle. OpenAI and xAI don't.
Sounds like you are far more up to speed than I.
I'm probably more up to speed on some parts. I think I've mentioned before that https://nairrpilot.org/ is one of the project I work on. So I get a good view of some parts of what's going on from a technology and uptake perspective.
Economics and politics are intertwined on almost all levels.
Considering what appears to be coming, I would think that such manufactures could easily be in for a world of pain within the next 18 months.
On a random day? Sure. But wasn't it from an earnings report?
Precisely my thoughts and what kept me from thinking instead of pulling the trigger and buying.
This is correct, WGO has really diversified over the decades, but it’s core fundamental “common point” is luxury recreational goods. Without reading their earnings report I do know from keeping a close eye on the company’s public data that their development of an offshoot company holdings focused on electrical storage systems (initially for motive power and “off grid” camping in rv’s has been expanding to home backup power (alternative option instead of a generator). With some state essentially banning small internal combustion engines (or trying to). This may be a large growing market with potential. Time will tell.
That is an awesome story---good for your uncle.
And $60…
That’s just crazy!
Back when I made my post about selling some to buy a snowblower the old timer (seriously well into his 90’s) that runs the shop told me then when I was selling and in a very very confident way he expected it to top at $74 in march. And he was dead serious.
It is basically built in---dollar debasement will continue and continue. Hard assets like gold and silver will do their thing and serve as a hedge. The only limit to the price of gold or silver is the limit to print fiat---which is to say there is none. Timing it might be tricky--but simply holding it is a time tested way to protect purchasing power.
Good for you dude? More people are waking up to the nonsense of endless fiat.
All of the above and an additional significant driver of the steady price increase is the buying of significant quantities of gold by central banks across the globe. Gold is looking safer than buying US treasuries.
I would not consider US treasuries safe whatsoever---unless the definition of "safe" includes locking in assured losses---when was the last time 10 year treasuries kept up with inflation?
You have been at this metal game far longer than me---but it was not that long ago that I was seriously feeling silly about buying gold coins under 2K. I bought these with essentially zero expectation after a conversation with an 80 year old fellow pilot. I had never previously had any interest in gold, unless it was in a Rolex. I believe I have a far better historical and economic perspective than I ever did in the past and I no longer have concerns of buying gold, even at 4.3K. I have never bought silver, but would consider it.
The strategy is not trying to beat the market, per se, but a very objective approach to accumulate gold by using the purchasing power of other appreciated metals. The managing firm I use, McAlvany Precious Metals, uses statistical analysis on the price spreads between white and yellow metals to determine when to purchase and trade white for yellow. There are definite trends that are gleaned from historical pricing data that are used to suggest when to make a trade. Certainly not risk free but they have been a great partner to one of my financial managers over a 14 year period and the reason why he suggested working with them. I was hesitant but, after seeing my vested amounts nearly double in just over 3 years, I am quite pleased.
This is absolutely a strong (albeit little known/used strategy). By analyzing price spreads, trends, forecasted usage and mining production tonnage and swapping back and forth between gold and silver when one is over or undervalued. Currently there is a lot of silver used in circuit boards, computer processors. Etc, and data centers used huge amounts of those. AI is fueling huge growth of data centers, ergo, silver is in high demand in relation to gold (and will be for the forseable next couple of years). So silver was the strong suit to be holding. When that construction wains and silver consumption drops to more normal levels it’s value in relation to gold will drop back down so it is better to sell the silver and buy gold before that happens. Good part about the metals strategy is even if you mess up you still have the precious metals which is basically the safest haven their is against long term inflation.
I came across this image recently.
I think it graphically shows the erosion of the value of the dollar.
I wish I had bought a bunch of silver dollars in 1963!Wishing you had bought gold in 1933?