Search found 116 matches

by drumminj
Sat Jul 13, 2019 8:12 pm
Forum: Other Discussions
Topic: Epstein
Replies: 23
Views: 601

Re: Epstein

this stuff just gets harder to hide as we go forward, which is good. Not that I'd argue that prostitution and rape of minors is a good thing but....the loss of anonymity seems like it will be bad overall. Less freedom of expression, freedom of association, people less willing to speak out and expre...
by drumminj
Sat Jul 13, 2019 8:09 pm
Forum: Gold
Topic: Gold as Actual Money - Sucks
Replies: 13
Views: 436

Re: Gold as Actual Money - Sucks

Are recessions inherently bad? Panics, perhaps, but recessions keep the economy more..honest, and flush misallocation of capital. These seem like good things over the long term, no?
by drumminj
Wed Jul 10, 2019 8:48 am
Forum: Gold
Topic: Why are older gold coins often pricier than new ones?
Replies: 10
Views: 309

Re: Why are older gold coins often pricier than new ones?

dualstow wrote:
Wed Jul 10, 2019 7:18 am
Right now, their 2007 krugs are over $100 more than the ‘19 ones.
Could it be a simple supply + demand algorithm? They have a lot of the 2019 coins and not many of the older in stock?
by drumminj
Tue Jul 09, 2019 9:33 pm
Forum: Other Discussions
Topic: Epstein
Replies: 23
Views: 601

Re: Epstein

Tyler wrote:
Tue Jul 09, 2019 8:54 pm
...there's a new boss in town and one small but particularly disturbing corner of the swamp is actually being drained.
Don't go getting my hopes up if you can't follow through :)
by drumminj
Thu Jun 20, 2019 9:04 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 2518
Views: 412947

Re: The GOLD scream room

And now it's up over $1410. Not gonna complain!
by drumminj
Sat Jun 15, 2019 9:07 pm
Forum: Permanent Portfolio Discussion
Topic: 3 years of PP returns
Replies: 25
Views: 1932

Re: 3 years of PP returns

jacksonM wrote:
Sat Jun 15, 2019 4:15 pm
it's kind of like my old Dodge Caravan
Let's make sure you don't get put in charge of marketing :)
by drumminj
Mon Jun 10, 2019 9:03 pm
Forum: Stocks
Topic: Stock scream room
Replies: 651
Views: 120897

Re: Stock scream room

But because I also bought bonds and gold to diversify, I'll sleep well tonight. This is part of why I struggle with buying the lagging asset when contributing. Feels like betting on one asset vs buying another "share" in the portfolio. May need to start contributing to cash and then buying all asse...
by drumminj
Fri May 31, 2019 8:49 am
Forum: Other Discussions
Topic: Immediate 5% across-the-board Mexican tariffs
Replies: 90
Views: 3154

Re: Immediate 5% across-the-board Mexican tariffs

Buy low, sell high. This is PP rebalancing in another context. Even if stocks tank, you pay less tax and buy at a lower price. Even if you sell the company stock immediately and buy VTI/SPY with the proceeds, it still seems like a win as long as all stocks drop roughly the same. This only applies i...
by drumminj
Tue May 14, 2019 8:56 am
Forum: Gold
Topic: The French Crime of 1873: An Essay on the Emergence of the International Gold Standard, 1870–1880
Replies: 22
Views: 1171

Re: The French Crime of 1873: An Essay on the Emergence of the International Gold Standard, 1870–1880

If I borrow 100k from a bank, and spend it on cars, then default on the loan, that cash is still out circulating Why call something a "debt" if its never going to be paid back Because in most cases the loan gets paid back/the money gets destroyed, so it's only temporarily inflationary to make the l...
by drumminj
Sat Apr 27, 2019 10:21 am
Forum: Bonds
Topic: TLT Study - Inverting History
Replies: 28
Views: 1726

Re: TLT Study - Inverting History

Given the above, I think a reasonable modification to the PP is to never roll to a lower interest rate bond and always roll to a higher rate bond if one is implementing via individual LTTs. There’s goodness to this tactic on a couple of levels that I’ll leave to the reader to discover. And if one i...
by drumminj
Thu Apr 25, 2019 4:55 pm
Forum: Other Discussions
Topic: The Left is Eating Itself Pt. II
Replies: 344
Views: 22500

Re: The Left is Eating Itself Pt. II

dualstow wrote:
Thu Apr 25, 2019 10:40 am
The term y'all is growing in popularity in the north, and I've heard it spoken outside the U.S. too.
I don't know if this is the reason why, but it's conveniently gender-neutral so one doesn't get admonished for using it, vs "you guys" (not intending it in any gender-specific way).
by drumminj
Wed Apr 24, 2019 9:38 pm
Forum: Other Discussions
Topic: Permanently low interest rates
Replies: 49
Views: 2078

Re: Permanently low interest rates

It's also worth noting that stock buybacks were illegal prior to 1982.