Comment on OpenAI needs to raise at least $207bn by 2030 so it can continue to lose money, HSBC estimates

• ThirdConsul@lemmy.ml ⁨1⁩ ⁨day⁩ ago

  You buy foreign currency and then sell it back for USD when you want to realise it.

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  • Revan343@lemmy.ca ⁨1⁩ ⁨day⁩ ago

    sell it back for USD

    Therein lies the rub; I’m not starting with USD, nor do I want to be

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    • ThirdConsul@lemmy.ml ⁨1⁩ ⁨day⁩ 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.

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• WildPalmTree@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Buy another.

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• CookieOfFortune@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Gold, commodities, etc.

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  • M0oP0o@mander.xyz ⁨1⁩ ⁨day⁩ ago

    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…

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    • bold_atlas@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Not talking about silver or gold but like a literal ton of copper or iron ore.

      Meth powers activate.

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      • M0oP0o@mander.xyz ⁨1⁩ ⁨day⁩ 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.

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• mriormro@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  Image

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• fodor@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  You could always play the foreign exchange market. It’s an interesting idea, usually quite stupid, but if you get the timing of the USD collapse right, there’s money to be made.

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• monotremata@lemmy.ca ⁨1⁩ ⁨day⁩ ago

  Relative to a second currency, as a derivative on the foreign exchange market.

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• Saledovil@sh.itjust.works ⁨1⁩ ⁨day⁩ 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.

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