Yikes. I didn't know this, but should have guessed.
http://www.skynews.com.au/news/world/af ... hones.html
Search found 50 matches
- Wed Jun 21, 2017 5:32 pm
- Forum: Gold
- Topic: The GOLD scream room
- Replies: 3693
- Views: 1799656
- Wed Jun 21, 2017 5:04 pm
- Forum: Gold
- Topic: The GOLD scream room
- Replies: 3693
- Views: 1799656
Re: The GOLD scream room
Useless but fun trivia of the day:
There is 1/1000 oz of gold in a smartphone. About $1.25 as of today.
There is 1/1000 oz of gold in a smartphone. About $1.25 as of today.
- Wed May 31, 2017 3:11 pm
- Forum: Gold
- Topic: Holding gold in retirement accounts
- Replies: 43
- Views: 27716
Re: Holding gold in retirement accounts
Hey sophie, just a heads up on this relevant piece from craigs book, chapter 9. You may want to ask them to clarify this further. " Storing Gold in an IRA The IRS says that American Eagle gold coins can be put into an IRA. This is probably not a good idea for two reasons: 1. Gold has no interes...
- Tue May 30, 2017 9:30 am
- Forum: Gold
- Topic: IBM Watson says gold is very underpriced
- Replies: 8
- Views: 7664
Re: IBM Watson says gold is very underpriced
IBM has the potential to become the world's largest company but, at the moment, management seems hellbent on destroying it. They snowed Warren Buffett into thinking IBM was a good buy (it wasn't) and now it's backfired on them. I personally like Watson-- especially if it can tell me when to buy gold...
- Mon May 22, 2017 3:49 pm
- Forum: Permanent Portfolio Discussion
- Topic: Passive vs Active Investing, and role of the PP
- Replies: 44
- Views: 26623
Re: Passive vs Active Investing, and role of the PP
Found this article today that says some states are beginning to declare passive investment accounts as abandoned and taking the money for themselves.
http://www.investmentnews.com/article/2 ... serAgent=1
http://www.investmentnews.com/article/2 ... serAgent=1
- Thu May 18, 2017 12:55 pm
- Forum: Permanent Portfolio Discussion
- Topic: The Canadian Permanent Portfolio
- Replies: 9
- Views: 10445
Re: The Canadian Permanent Portfolio
You don't need a large portfolio to justify using international gold storage. It is the point of the gold after all. Harry Browne once said all you need is $4,000 dollars to get started with the PP and keep $1,000 of physical gold in a Swiss bank. You need the geographical diversification, the 'hard...
- Thu May 18, 2017 10:58 am
- Forum: Permanent Portfolio Discussion
- Topic: The Canadian Permanent Portfolio
- Replies: 9
- Views: 10445
Re: The Canadian Permanent Portfolio
Wire transfer fee: $20 If I transfer $2000 at a time, that's 1%. Waiting until I have $4000 reduces it to 0.5%, or $8000 for 0.25%. Currency conversion fee: 2.5% What my bank charges to send money in AUD or USD. Buying fee for unallocated: 1% Spread is only $3 from spot, which is excellent, but the...
- Wed May 17, 2017 4:16 pm
- Forum: Permanent Portfolio Discussion
- Topic: The Canadian Permanent Portfolio
- Replies: 9
- Views: 10445
Re: The Canadian Permanent Portfolio
My gold is still in a state of flux. I was holding MNT but recently switched to CGL.C for the free trades. I'm starting to think it's not worth it though. The trust structure is just too deep and opaque. I don't have any physical right now but will be keeping 15% (of portfolio value) with the Perth ...
- Tue May 16, 2017 4:13 pm
- Forum: Permanent Portfolio Discussion
- Topic: The Canadian Permanent Portfolio
- Replies: 9
- Views: 10445
Re: The Canadian Permanent Portfolio
The long-ish duration of ZFS is not bad because ZFL is a bit too short. Together, they balance out and come close to an intermediate duration fund. Not ideal, but at least it's not lop-sided. I've been back and forth on the US and international funds. Harry Browne has pointed out numerous times that...
- Sat May 13, 2017 4:38 pm
- Forum: Gold
- Topic: IBM Watson says gold is very underpriced
- Replies: 8
- Views: 7664
Re: IBM Watson says gold is very underpriced
Yup. I can tell you from experience, binging on pizza before bed often leads to that.
Seeing the possibility of $10,000 gold makes me want to convert more to physical while it's still cheap. Imagine paying a $500 markup per coin.
Seeing the possibility of $10,000 gold makes me want to convert more to physical while it's still cheap. Imagine paying a $500 markup per coin.
- Fri May 12, 2017 8:07 pm
- Forum: Gold
- Topic: IBM Watson says gold is very underpriced
- Replies: 8
- Views: 7664
IBM Watson says gold is very underpriced
In 2016, IBM fed financial data to Watson and asked for an analysis of the true value of gold. Watson concluded that gold was priced at about 2001 levels, in relative terms. Extrapolating forward to a future 2011 peak would mean gold would be $9,600 by 2026. Of course, leave it to humans to come up ...
- Sun Mar 26, 2017 1:21 am
- Forum: Gold
- Topic: Any downside to bars?
- Replies: 77
- Views: 41632
Re: Any downside to bars?
I need to look up what Harry said about unallocated storage. I don't think he liked it, but that's not necessarily a showstopper for me. He was not a fan of unallocated storage because of third-party risk and possible confiscation. Anything beyond "a bag of gold on a shelf with your name on it...
- Wed Mar 15, 2017 10:22 pm
- Forum: Permanent Portfolio Discussion
- Topic: Derivatives Risk
- Replies: 16
- Views: 11247
Re: Derivatives Risk
Thanks Kbg, I appreciate the info. I'm not a reader or fan of ZeroHedge but other sites use them for source. This is the page that got me thinking about this:
http://demonocracy.info/infographics/us ... osure.html
http://demonocracy.info/infographics/us ... osure.html
- Wed Mar 15, 2017 10:02 pm
- Forum: Permanent Portfolio Discussion
- Topic: Derivatives Risk
- Replies: 16
- Views: 11247
Re: Derivatives Risk
Since I've only contributed questions, here's info on what I've done to minimize exposure to general calamity. I've closed all accounts with big banks and deal exclusively with a credit union. I carry no debt, including no mortgage. I've opened a Perth Mint account and am slowly filling it. I keep i...
- Wed Mar 15, 2017 9:30 pm
- Forum: Permanent Portfolio Discussion
- Topic: Derivatives Risk
- Replies: 16
- Views: 11247
Re: Derivatives Risk
Most of us on these forums are prudently taking care of tax planning, bad investor behavior, and inflation (where we can). I don't consider those pressing issues for conscientious folks like us. I asked about derivatives because they are the ultimate black swan. The PP was designed with black swans ...
- Wed Mar 15, 2017 3:28 pm
- Forum: Gold
- Topic: Any downside to bars?
- Replies: 77
- Views: 41632
Re: Any downside to bars?
One downside to gold coins in a SHTF world is, most people are completely ignorant about gold. The coins have a face value of $50 and that's probably what you would be offered for it. Someone said to me the other day, "How much is gold worth these days, like, $200?" They had no idea what t...
- Wed Mar 08, 2017 11:36 pm
- Forum: Bonds
- Topic: Buy bonds now or wait
- Replies: 57
- Views: 33442
Re: Buy bonds now or wait
Search is rejecting all my terms for being too common. Anyways, you must mean inflation. Yes, I failed to mention that and it can be significant. I can't think of anything else though.
- Wed Mar 08, 2017 10:54 pm
- Forum: Bonds
- Topic: Buy bonds now or wait
- Replies: 57
- Views: 33442
Re: Buy bonds now or wait
A nice benefit of bonds is the guaranteed return if held to maturity. You receive interest payments while you hold the bond and get back the initial investment when it matures. A bond fund like TLT behaves the same way if held until the average or effective duration. No matter what happens with inte...
- Wed Mar 08, 2017 1:26 pm
- Forum: Bonds
- Topic: Buy bonds now or wait
- Replies: 57
- Views: 33442
Re: Buy bonds now or wait
Bonds seem to be the asset that will offer the most "buying opportunities" over the next economic cycle. That's fine with me, as I'm 15 years out from retirement. At that time, I should have amassed a huge pile of bonds for cheap. Just in time for them to start going back up.
- Thu Mar 02, 2017 9:53 pm
- Forum: Permanent Portfolio Discussion
- Topic: Derivatives Risk
- Replies: 16
- Views: 11247
Re: Derivatives Risk
I've been considering Perth Mint for physical gold holding. They're just a phone call away from shipping the bullion or a plane trip away from getting it myself (google says 26 hours travel minimum!). In theory, it sounds good. I just hope the logistics of it all don't prove to be a problem.
- Tue Feb 28, 2017 9:15 pm
- Forum: Permanent Portfolio Discussion
- Topic: Derivatives Risk
- Replies: 16
- Views: 11247
Derivatives Risk
I don't really understand what derivatives are but I know they're big bets that could go very wrong. Smart and wealthy people like Buffett have warned against them. I would like to know the risk to the PP if the derivative market crashes. Would it be like 2008, or more like Mad Max? Is there anythin...
- Mon Feb 20, 2017 9:51 pm
- Forum: Permanent Portfolio Discussion
- Topic: TAX-DEFERRED ACCOUNTS: A NO-BRAINER?
- Replies: 21
- Views: 11488
Re: TAX-DEFERRED ACCOUNTS: A NO-BRAINER?
I went through this info in early 2016 and decided to create stand-alone PPs within each account (RRSP and TFSA). Rebalancing is simple and tax-free, and reflects the sentiment behind the PP in the first place-- keep it simple.
- Sat Feb 04, 2017 9:59 pm
- Forum: Permanent Portfolio Discussion
- Topic: New to Permanent Portfolio
- Replies: 45
- Views: 32076
Re: New to Permanent Portfolio
The odds of an asset going down as soon as you buy it is almost 100%. The PP is a "cover all bases" portfolio. Something is always going up and something is always going down.eufo wrote:Needless to say, I really chose the wrong moment to buy gold.
- Sat Jan 14, 2017 10:53 pm
- Forum: Gold
- Topic: Complete list of bullion?
- Replies: 23
- Views: 14528
Re: Complete list of bullion?
I was looking for something like this recently and was satisfied by the Wikipedia list. I'm sure it's not complete but it's pretty comprehensive.
https://en.wikipedia.org/wiki/Bullion_c ... lion_coins
https://en.wikipedia.org/wiki/Bullion_c ... lion_coins
- Fri Dec 30, 2016 9:43 pm
- Forum: Permanent Portfolio Discussion
- Topic: Dear 2016, we will miss you.
- Replies: 0
- Views: 2671
Dear 2016, we will miss you.
RIP Prince David Bowie George Michael Nancy Reagan Carrie Fisher Debbie Reynolds and Permanent Portfolio Forum I know, I know. One of these things is not like the others. I also lost my grandfather this year (at 96 years young). Now that my youth is officially gone, it's time to look forward. I thin...