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Small-Scale Question Sunday for December 21, 2025

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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But are you long on copper futures?

Yea dude, copper has been way outperforming the SP500 for the past few years. I'm long on copper futures and my portfolio has been doing excellent.

HGW00 is up 57% over 5 years and the S&P is up 87% in the same timeframe - but at least your money is where your mouth is.

Copper is up 20% this year and S&P is only up ~17%. I only got into the copper futures around Feb.

You should have gotten into silver or even gold.

Those are different trades, though. (Warning: speculation on the price fluctuation of assets) The gold rally is due to a combination of "debasement trade" (the idea that current debt levels are unsustainable and the only way out is via printer) and a bet on multipolarity (USD status as reserve currency being threatened, due to a variety of reasons), silver is a speculative derivative of the same trade, as far as I know there is a lot of silver to mine everywhere still.

What @thejdizzler is talking about is a structural undersupply of copper, long term. I'm not actually sure if copper futures are the best expression of that trade, I assume you've bought the longest dated ones available?

Those are different trades, though.

Yeah. And? An investor should always seek to compound their money as quickly as possible, rather than sit with weaker performing assets for long periods of time.

Because it's a silly point to make in the context of whether they are acting on their stated beliefs, and whether that paid off vs a reasonable benchmark.

Absent that, it's pointless to discuss which or what asset performed better, should've bought Banco Santander stock.

Absent that, it's pointless to discuss which or what asset performed better, should've bought Banco Santander stock.

It's not pointless. Asset performances aren't drawn from the wizard's hat.