Stocks and Trading Thread - Channeling your inner Mono

[Admiral Yi]

Flow multiplied by a period of time is a stock, though. 

Flow minus consumption and depreciation is a stock.

[mongers]

What was with all the wild flunctuations in the gold price last week?

I only noticed this as I found some gold and silver to possibly scrap and looking up the London metal exchange prices.

[Tonitrus]

Gold is like Nvidia.  You'd rather have Fort Knox than the entire country/population of India. 

(meaning that its value is all about/driven by speculation)

[Valmy]

What was with all the wild flunctuations in the gold price last week?

I only noticed this as I found some gold and silver to possibly scrap and looking up the London metal exchange prices.

I think it is because gold and silver are the new flight to safety for capital since the US dollar is now controlled by a nutjob. But I don't know. Just I feel dumb selling the gold in 2021 when I thought the price was artificially high.

[Josquius]

Open AI to list in the middle of  next year apparently.
The bubble scheduled to pop late 2026?

[The Minsky Moment]

Gold is like Nvidia.  You'd rather have Fort Knox than the entire country/population of India. 

(meaning that its value is all about/driven by speculation)

This is the answer.

Gold was going up because it was going up.  Monetary policy and fiscal policy are both quite loose, there is a lot of liquidity, so asset prices have been inflating.  The money has to go somewhere: it goes to stocks, it goes to bonds, it piles up in money market funds (assets in MM funds are now double what they were in 2019), it goes to gold.  It goes and it keeps going until it doesn't and there is either a "correction" or a crash.

[Richard Hakluyt]

So much money going to the already wealthy, they don't need to spend it, so it is used to buy more stocks/real estate/bonds/gold and inflates the prices. Meanwhile the government goes broke as somehow it is deemed impossible to tax the wealthy beyond token amounts and the people who pay tax are on the ropes because of their high share of the burden.

[Valmy]

So much money going to the already wealthy, they don't need to spend it, so it is used to buy more stocks/real estate/bonds/gold and inflates the prices. Meanwhile the government goes broke as somehow it is deemed impossible to tax the wealthy beyond token amounts and the people who pay tax are on the ropes because of their high share of the burden.

Yep. None of it trickled down but vital goods and services people need to live are being inflated to unaffordability.

[Josquius]

Any advice on decent reliable ETFs?
I'm particularly wondering about some that exclude AI so they can maybe ride out the worst of the coming crash

[viper37]

Any advice on decent reliable ETFs?
I'm particularly wondering about some that exclude AI so they can maybe ride out the worst of the coming crash

Excluding AI is tough.  They all invest in one another, doesn't matter if it's a company listed on NASDAQ or DOW or elsewhere in the world.  Best bet is to fire & forget.  Let it ride.

In North America/Canada, we like VEQT and XEQT, both similar funds, well diversified worldwide.

Don't know about Europe.
You want something that is geographically diversified, even if the US offers good returns now.  You want to have the index for all sectors, not just one particular one, even if defense might be good now and for the foreseeable future. You don't know what will happen 30-40 years from now.