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Side Hustles During Rough Economic Times, How To Buy Silver, Nvidia Going Down?

The Daily Ninja 7/8/24

Updates From The Economic Ninja

(7/8/2024)

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(7/7/2024)

  • 💸 Many people get caught up in buying numismatic coins graded for their rarity, but the economic ninja advises against it for beginners.

  • 💰 The price of silver coins is not just the spot price, but also the premium to get the coin in your hand, which can vary widely.

  • 💎 Junk silver, such as dimes and quarters minted by the US Mint, is favored for its scarcity and potential value.

  • 💰 Silver dimes can be worth more than their face value, making them a valuable investment in times of rising silver prices.

  • 💎 Finding rare silver coins like Mercury dimes or barber quarters can be more valuable due to their age and scarcity.

  • 💸 When buying silver, prioritize getting the most silver for your dollars over collecting rare or pretty coins.

(7/7/2024)

  • 📈 The market cap of Nvidia stock and the potential impact on the SNP is something all investors should be considering.

  • 📊 Analyst downgrades can lead to a surge in selling as investors start to doubt the stock's potential.

  • 🤔 Downbeat opinions on Nvidia are rare, but a more prudent view on the stock is necessary after its year-to-date rally.

  • 📉 Nvidia capitalized on the AI boom, but there's a point when AI is going to do its job and run its course, especially in the stock market.

  • 📉 "Nvidia alone accounts for more than one-third of the S&P 500 gains this year and it's a big r for investors and top economists."

  • 📈 Nvidia alone accounts for more than a third of the S&P gains, raising concerns about the impact of a potential downgrade.

  • 💰 Nvidia stock has brought in one-third of all the gains in the S&P, so any downward movement could have a significant impact on the index.

  • 📉 The stock market is being propped up by inflation and a few stocks, making it ripe for failure.

(7/7/2024)

  • 🐔 McDonald's in Australia is cutting Breakfast Time by 90 minutes due to an egg shortage amid the outbreak of bird flu, impacting both the company and consumers.

  • 🍳 McDonald's breakfast sales are a huge part of their revenue, so cutting breakfast time due to egg supply issues is a big deal.

  • 🌍 The bird flu outbreak is not just a local issue, but it's causing prices to rise around the world, potentially leading to higher egg prices for everyone.

  • 🥚 The impact of the bird flu outbreak on egg supplies is causing disruption to the retail, hospitality, and manufacturing sectors.

  • 🛒 The government's warning of empty shelves and purchasing limits is a sign of the impact of the bird flu outbreak on supply chains.

  • 🐔 Multiple strains of avian influenza have been detected in poultry farms in Victoria and NSW, raising concerns about the potential transmission to humans.

  • 🐔 The Australian government reassured that eggs and chicken meat are still safe to eat if cooked, despite the bird flu outbreak.

  • 🍔 The bird flu outbreak not only affects McDonald's breakfast, but also the availability and cost of many prepackaged foods.

Keep Crushing It!

-Ninja Out

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