When to use SQLITE_TRANSIENT vs SQLITE_STATIC?

I would like to create/update text columns in sqlite3. When i retrieve rows after the create/update, the text is '?'. Integer values are properly persisted however.

My text statements look like this:

const char *sql = "INSERT INTO todo(title, description, priority, status, created, expires, posx, posy, updated)"
                  " VALUES('?', '?', '?', '?', '?', '?', '?', '?', '?');";
if (sqlite3_prepare_v2(database, sql, -1, &insert_statment, NULL) != SQLITE_OK)
    ...
sqlite3_bind_text(update_statment, 5, [[dt stringFromDate:self.updated] UTF8String], -1, SQLITE_TRANSIENT);

I've tried SQLITE_TRANSIENT as well as SQLITE_STATIC. Both cases seem to yield same results ('?'). I have also verified that the text values are valid when they are passed into the appropriate sql statements here.

Any ideas?