Search found 16 matches

by ppbob
Wed Nov 24, 2021 11:09 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3319
Views: 921696

Re: The GOLD scream room

Hard to take it to the bank in 1980 when it hit $850. Nice for a few months but only pain for the next 40 years vs other assets. We have been in a bond bull market over that period as rates dropped from 15% down to essentially zero. https://www.macrotrends.net/2016/10-year-treasury-bond-rate-yield-...
by ppbob
Mon Aug 16, 2021 10:43 pm
Forum: Gold
Topic: 50 years of dollar as fiat currency
Replies: 9
Views: 676

Re: 50 years of dollar as fiat currency

I was 23 in 1974 and had little money. I was totally unaware that there was a stock market crash. Shouldn't things like the 2008 / 2009 financial crisis be an example of something significant wherein almost the entire adult population was aware it was going on unlike 1974? I think public awareness ...
by ppbob
Mon Aug 16, 2021 9:27 pm
Forum: Gold
Topic: 50 years of dollar as fiat currency
Replies: 9
Views: 676

Re: 50 years of dollar as fiat currency

D1984 We experienced few if any significant financial crashes/panics between the 1940s and, say, 1980. There were stock market declines, consumption and production slumps, falloffs in consumer sentiment, garden-variety recessions, etc during this time period to be sure.. Off the top of my head, what...
by ppbob
Sun Aug 15, 2021 2:09 pm
Forum: Gold
Topic: 50 years of dollar as fiat currency
Replies: 9
Views: 676

Re: 50 years of dollar as fiat currency

Interesting article by Steven Hayward about the context of Nixon's decision. I was unaware that it was part of a larger package that included what at the time was huge deficit spending and wage and price controls. These policies lead in no small part to the economic malaise of the 1970s. It is inter...
by ppbob
Fri Aug 13, 2021 11:10 pm
Forum: Gold
Topic: 50 years of dollar as fiat currency
Replies: 9
Views: 676

50 years of dollar as fiat currency

Fifty years ago, on Sunday evening, August 15, 1971, after crisis meetings with close advisers at Camp David, President Richard Nixon announced an historic decision in his “Address to the Nation Outlining a New Economic Policy.” Said Nixon to the nation, “The speculators have been waging an all-out...
by ppbob
Mon Jan 04, 2021 2:04 pm
Forum: Gold
Topic: Withdrawing coins from a Goldstar Trust account
Replies: 1
Views: 601

Withdrawing coins from a Goldstar Trust account

Is it possible to take delivery of physical coins in the custodian account of a GoldstarTrust or do I have to sell them through dealer and get cash from Goldstar?


Bob
by ppbob
Wed May 01, 2019 12:38 pm
Forum: Gold
Topic: Gold ETF Fee War Gets Complicated
Replies: 10
Views: 3301

Gold ETF Fee War Gets Complicated

Interesting article but mostly about fees and bid/ask spread But notes that Over the past 12 months, for example, GLD saw outflows of $2.7 billion. Meanwhile, all other gold ETFs combined saw net inflows of $2.3 billion. https://www.etf.com/publications/etfr/gold-etf-fee-war-gets-complicated?nopagin...
by ppbob
Sun Sep 30, 2018 7:00 pm
Forum: Gold
Topic: crypto-gold from UK Royal Mint
Replies: 1
Views: 1548

crypto-gold from UK Royal Mint

https://blocktribe.com/blog/bitcoin-vs-rmg-gold/ Today @RoyalMintUK launched a gold backed token @RoyalMintGold RMG. Which is freely tradable for physical gold at their vaults. The coin has some very exciting properties: Your RMG token is a representation of the real gold that you own. The royal mi...
by ppbob
Sat Aug 18, 2018 12:10 pm
Forum: Gold
Topic: Perth Mint Physical Gold ETF (AAAU)
Replies: 12
Views: 6631

Re: Perth Mint Physical Gold ETF (AAAU)

tickler came up again.

EDIT: looks like it is available for sale.

I am not an early adopter so I will wait some time before I buy.
by ppbob
Sat Jul 21, 2018 12:14 pm
Forum: Gold
Topic: Perth Mint Physical Gold ETF (AAAU)
Replies: 12
Views: 6631

Re: Perth Mint Physical Gold ETF (AAAU)

I set a tickler for today. I did a search and it looks to me that it has not started trading. Oh well, set another tickler for next month. Do the Aussies take the month of August off like the Euros? Wait, it is now the middle of winter there. So is January their August?? Those darned upsider-downers...
by ppbob
Tue Feb 13, 2018 11:56 am
Forum: Bonds
Topic: 'Bond vigilantes' are saddled up and ready to push rates higher
Replies: 5
Views: 4063

Re: 'Bond vigilantes' are saddled up and ready to push rates higher

Mish: https://www.themaven.net/mishtalk/economics/no-bond-vigilantes-just-record-short-futures-speculators-wnplpfLcaEeWOwLo7NqJMA Mish is full of it as usual. Mish: Fundamentally, there is no way to dump holdings to enforce "fiscal discipline" because someone has to hold every bond issued until it ...
by ppbob
Mon Feb 12, 2018 1:04 pm
Forum: Bonds
Topic: 'Bond vigilantes' are saddled up and ready to push rates higher
Replies: 5
Views: 4063

'Bond vigilantes' are saddled up and ready to push rates higher

There's reason to be concerned about bond vigilantes, who are no longer under "lock and key" and are free to push yields higher, Wall Street veteran Ed Yardeni told CNBC on Friday. ... "They had been sort of put under lock and key by the central banks. The Fed had lowered interest rates down to zer...
by ppbob
Sun Mar 19, 2017 12:22 pm
Forum: Gold
Topic: Larry Swedroe's take on gold
Replies: 12
Views: 7172

Larry Swedroe's take on gold

His article: http://www.etf.com/sections/index-investor-corner/swedroe-dont-be-distracted-golds-glitter See also the discussion on Bogleheads (also some discussion of the permanent portfolio on the thread) https://www.bogleheads.org/forum/viewtopic.php?f=10&t=214011&newpost=3288702 The article was a...
by ppbob
Sat Oct 15, 2016 12:58 pm
Forum: Bonds
Topic: Maximum Bond Upside
Replies: 279
Views: 112094

Re: Maximum Bond Upside

You americans have nothing to complain still ;) The euro version of TLT (https://www.ishares.com/nl/particuliere-belegger/nl/producten/251775/ishares-ebrexx-government-germany-105yr-ucits-etf-de-fund) is yielding 0.35% ..... I am not fully invested yet and i need to invest quite a lot of euros........
by ppbob
Mon Sep 05, 2016 12:11 pm
Forum: Cash
Topic: Cash FAQ
Replies: 2
Views: 29390

Re: Cash FAQ

To access the broken link re permanent portfolio returns use:

archive.org Mar. 4, 2016 copy of webpage
by ppbob
Wed Aug 31, 2016 4:26 pm
Forum: Gold
Topic: Gold FAQ
Replies: 10
Views: 40616

Re: Gold FAQ

Craig took down the crawlingroad website. Can anyone post the FAQ somewhere else?