▲ 589 ▼ OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates (www.ft.com) submitted 11 months ago by cyrano@piefed.social to c/technology@lemmy.world 82 comments fedilink hide all child comments Alphaville is free access. Just create a free account.
[–] Revan343@lemmy.ca 5 points 11 months ago (12 children) How do I short a currency? permalink fedilink source parent hideshow 12 child comments replies: [–] WildPalmTree@lemmy.world 7 points 11 months ago Buy another. permalink fedilink source parent [–] ThirdConsul@lemmy.ml 4 points 11 months ago (2 children) You buy foreign currency and then sell it back for USD when you want to realise it. permalink fedilink source parent hideshow 2 child comments replies: [–] Revan343@lemmy.ca 1 point 11 months ago (1 child) sell it back for USD Therein lies the rub; I'm not starting with USD, nor do I want to be permalink fedilink source parent hideshow 1 child comment replies: [–] ThirdConsul@lemmy.ml 2 points 11 months ago Shorting means you expect the shit to go down in value. Usually to short something you borrow a stock from someone (not everyone can borrow stocks), pay the fee to the source, sell it for 100, wait, buy it back for 90, give it back to the original owner. You made 100 - 90 - fee. Borrow 1000 usd from a bank (1), sell if for your target currency (2) that you think will raise compares to usd, wait, exchange 1000 usd from the target currency (2) and give it back to bank + rates (1). What is left over in currency (2) is your profit. permalink fedilink source parent [–] CookieOfFortune@lemmy.world 4 points 11 months ago (3 children) Gold, commodities, etc. permalink fedilink source parent hideshow 3 child comments replies: [–] M0oP0o@mander.xyz 1 point 11 months ago (2 children) Really anything that has value outside of a currency, and the funny part is that raw materials often out preform other ways of investing like GICs. Not talking about silver or gold but like a literal ton of copper or iron ore. Now the trick is where to put the stuff... permalink fedilink source parent hideshow 2 child comments replies: [–] bold_atlas@lemmy.world 1 point 11 months ago (1 child) Not talking about silver or gold but like a literal ton of copper or iron ore. Meth powers activate. permalink fedilink source parent hideshow 1 child comment replies: [–] M0oP0o@mander.xyz 3 points 11 months ago Ha, the sad part is that meth use will increase inversely relative to the average households buying power. Meth is always affordable... just need to rip the wires out of your houses skin. I first noticed the raw material value oddity was years ago when a bank was trying to sell me on a saving product, the return was below inflation and therefor useless. So I looked it up and if I bought a large amount of lead, and put it in my yard the lead cube would (even with the lead being loss into my grass) be worth enough after 10 years to give a better return then what the bank was offering. permalink fedilink source parent [–] mriormro@lemmy.zip 2 points 11 months ago permalink fedilink source parent [–] monotremata@lemmy.ca 1 point 11 months ago Relative to a second currency, as a derivative on the foreign exchange market. permalink fedilink source parent [–] Saledovil@sh.itjust.works 1 point 11 months ago Same way you short anything else, you borrow it, sell it, and then buy it back once the price has dropped, and return it. permalink fedilink source parent load more comments (1 reply)
[–] ThirdConsul@lemmy.ml 4 points 11 months ago (2 children) You buy foreign currency and then sell it back for USD when you want to realise it. permalink fedilink source parent hideshow 2 child comments replies: [–] Revan343@lemmy.ca 1 point 11 months ago (1 child) sell it back for USD Therein lies the rub; I'm not starting with USD, nor do I want to be permalink fedilink source parent hideshow 1 child comment replies: [–] ThirdConsul@lemmy.ml 2 points 11 months ago Shorting means you expect the shit to go down in value. Usually to short something you borrow a stock from someone (not everyone can borrow stocks), pay the fee to the source, sell it for 100, wait, buy it back for 90, give it back to the original owner. You made 100 - 90 - fee. Borrow 1000 usd from a bank (1), sell if for your target currency (2) that you think will raise compares to usd, wait, exchange 1000 usd from the target currency (2) and give it back to bank + rates (1). What is left over in currency (2) is your profit. permalink fedilink source parent
[–] Revan343@lemmy.ca 1 point 11 months ago (1 child) sell it back for USD Therein lies the rub; I'm not starting with USD, nor do I want to be permalink fedilink source parent hideshow 1 child comment replies: [–] ThirdConsul@lemmy.ml 2 points 11 months ago Shorting means you expect the shit to go down in value. Usually to short something you borrow a stock from someone (not everyone can borrow stocks), pay the fee to the source, sell it for 100, wait, buy it back for 90, give it back to the original owner. You made 100 - 90 - fee. Borrow 1000 usd from a bank (1), sell if for your target currency (2) that you think will raise compares to usd, wait, exchange 1000 usd from the target currency (2) and give it back to bank + rates (1). What is left over in currency (2) is your profit. permalink fedilink source parent
[–] ThirdConsul@lemmy.ml 2 points 11 months ago Shorting means you expect the shit to go down in value. Usually to short something you borrow a stock from someone (not everyone can borrow stocks), pay the fee to the source, sell it for 100, wait, buy it back for 90, give it back to the original owner. You made 100 - 90 - fee. Borrow 1000 usd from a bank (1), sell if for your target currency (2) that you think will raise compares to usd, wait, exchange 1000 usd from the target currency (2) and give it back to bank + rates (1). What is left over in currency (2) is your profit. permalink fedilink source parent
[–] CookieOfFortune@lemmy.world 4 points 11 months ago (3 children) Gold, commodities, etc. permalink fedilink source parent hideshow 3 child comments replies: [–] M0oP0o@mander.xyz 1 point 11 months ago (2 children) Really anything that has value outside of a currency, and the funny part is that raw materials often out preform other ways of investing like GICs. Not talking about silver or gold but like a literal ton of copper or iron ore. Now the trick is where to put the stuff... permalink fedilink source parent hideshow 2 child comments replies: [–] bold_atlas@lemmy.world 1 point 11 months ago (1 child) Not talking about silver or gold but like a literal ton of copper or iron ore. Meth powers activate. permalink fedilink source parent hideshow 1 child comment replies: [–] M0oP0o@mander.xyz 3 points 11 months ago Ha, the sad part is that meth use will increase inversely relative to the average households buying power. Meth is always affordable... just need to rip the wires out of your houses skin. I first noticed the raw material value oddity was years ago when a bank was trying to sell me on a saving product, the return was below inflation and therefor useless. So I looked it up and if I bought a large amount of lead, and put it in my yard the lead cube would (even with the lead being loss into my grass) be worth enough after 10 years to give a better return then what the bank was offering. permalink fedilink source parent
[–] M0oP0o@mander.xyz 1 point 11 months ago (2 children) Really anything that has value outside of a currency, and the funny part is that raw materials often out preform other ways of investing like GICs. Not talking about silver or gold but like a literal ton of copper or iron ore. Now the trick is where to put the stuff... permalink fedilink source parent hideshow 2 child comments replies: [–] bold_atlas@lemmy.world 1 point 11 months ago (1 child) Not talking about silver or gold but like a literal ton of copper or iron ore. Meth powers activate. permalink fedilink source parent hideshow 1 child comment replies: [–] M0oP0o@mander.xyz 3 points 11 months ago Ha, the sad part is that meth use will increase inversely relative to the average households buying power. Meth is always affordable... just need to rip the wires out of your houses skin. I first noticed the raw material value oddity was years ago when a bank was trying to sell me on a saving product, the return was below inflation and therefor useless. So I looked it up and if I bought a large amount of lead, and put it in my yard the lead cube would (even with the lead being loss into my grass) be worth enough after 10 years to give a better return then what the bank was offering. permalink fedilink source parent
[–] bold_atlas@lemmy.world 1 point 11 months ago (1 child) Not talking about silver or gold but like a literal ton of copper or iron ore. Meth powers activate. permalink fedilink source parent hideshow 1 child comment replies: [–] M0oP0o@mander.xyz 3 points 11 months ago Ha, the sad part is that meth use will increase inversely relative to the average households buying power. Meth is always affordable... just need to rip the wires out of your houses skin. I first noticed the raw material value oddity was years ago when a bank was trying to sell me on a saving product, the return was below inflation and therefor useless. So I looked it up and if I bought a large amount of lead, and put it in my yard the lead cube would (even with the lead being loss into my grass) be worth enough after 10 years to give a better return then what the bank was offering. permalink fedilink source parent
[–] M0oP0o@mander.xyz 3 points 11 months ago Ha, the sad part is that meth use will increase inversely relative to the average households buying power. Meth is always affordable... just need to rip the wires out of your houses skin. I first noticed the raw material value oddity was years ago when a bank was trying to sell me on a saving product, the return was below inflation and therefor useless. So I looked it up and if I bought a large amount of lead, and put it in my yard the lead cube would (even with the lead being loss into my grass) be worth enough after 10 years to give a better return then what the bank was offering. permalink fedilink source parent
[–] monotremata@lemmy.ca 1 point 11 months ago Relative to a second currency, as a derivative on the foreign exchange market. permalink fedilink source parent
[–] Saledovil@sh.itjust.works 1 point 11 months ago Same way you short anything else, you borrow it, sell it, and then buy it back once the price has dropped, and return it. permalink fedilink source parent