Search found 442 matches

by seajay
Fri Jul 19, 2024 1:24 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3700
Views: 1871350

Re: The GOLD scream room

https://money.com/gold-vs-stocks-better-investment-2024/?encoded_id=MOe4l&utm_source=newsletter&utm_medium=email&utm_content=2024-07-15%20%7C%20Daily%20Money%20(ADT%20-%20HSH)&utm_campaign=daily_money Gold vs. Stocks: As Both Hit Record Highs, What's Performing Better for Investors?...
by seajay
Fri Jun 28, 2024 6:18 pm
Forum: Gold
Topic: I caught the fractional bug
Replies: 10
Views: 1165

Re: I caught the fractional bug

I’ve always stuck to full one-ounce coins, but once upon a time Mark Leavy wrote One time when I bought a couple of ounces, the vendor ran out of 1 ounce coins and gave me multiple 1/2 ounce Eagles ($25 face) instead. These coins are the same size as quarters. That's pretty useful for a thin money ...
by seajay
Sat May 25, 2024 9:20 am
Forum: Gold
Topic: Gold Substitutes
Replies: 48
Views: 114348

Re: Gold Substitutes

Out of fiat currencies I would pick the Swiss franc. If "hard" fiat currencies would begin to fall, the franc would surely be the last man standing. The Swiss were the last to leave the gold standard, in 1999. In 2014 they considered a return to the gold standard under the “Save our Swiss...
by seajay
Sat May 11, 2024 2:38 am
Forum: Gold
Topic: Bullion Vault
Replies: 40
Views: 24106

Re: Bullion Vault

What proof is there that BuillionVault has less than half the expense ratio of IAU which is already .25%? And is that all in costs or just storage alone? Necrobump. https://www.bullionvault.com/help/tariff.html Storage & insurance for as long as you hold. 0.12% per year on gold, billed monthly ...
by seajay
Mon May 06, 2024 3:26 am
Forum: Gold
Topic: Why the big move in gold?
Replies: 95
Views: 88461

Re: Why the big move in gold?

While "paper gold" is often a term used to describe gold ETFs, from the context of Seajay's comments I instead understood him to be using "paper gold" to refer to gold options. In which case, yes the outstanding gold options could far exceed the physical gold available. Most tra...
by seajay
Mon May 06, 2024 3:08 am
Forum: Gold
Topic: Why the big move in gold?
Replies: 95
Views: 88461

Re: Why the big move in gold?

Seajay, are you saying that the ETFs are not backed by physical gold as they claim to be? When there's 123 times more paper gold than physical gold then unless its in your own hands there is a risk that a gold-rush could see claims by others that all of their physical gold had been deployed/disappe...
by seajay
Mon May 06, 2024 3:04 am
Forum: Gold
Topic: The Headache at the End of the Costco Gold Rush
Replies: 6
Views: 1548

Re: The Headache at the End of the Costco Gold Rush

The Headache at the End of the Costco Gold Rush https://archive.ph/2024.04.23-220206/https://www.wsj.com/finance/investing/selling-costco-gold-bars-f14e966f#selection-2263.0-2263.47 Buying at spot+2.5%, selling at spot-1%, 3.5% spread I'd say is a pretty typical average, but does involve hunting ar...
by seajay
Sat Apr 13, 2024 11:05 am
Forum: Politics
Topic: Putin Invades Ukraine II
Replies: 1187
Views: 1125507

Re: Putin Invades Ukraine II

Smith1776 wrote: Sat Mar 30, 2024 12:30 pm We are already making tentative plans for another trip in December 2024, but who knows what the country will be like at that point.
With the US clearly indicating that its abandoned Ukraine !!!
by seajay
Fri Apr 12, 2024 6:14 pm
Forum: Gold
Topic: Why the big move in gold?
Replies: 95
Views: 88461

Re: Why the big move in gold?

I suspect that the paper-gold to physical gold ratio will further increase from recent 122:1 levels. Looks like a big buyer, 100Bn, perhaps Russia, buying 1500 tonnes of physical gold, via Options (expiry settlement in physical gold rather than cash). With current sanctions those trades being applie...
by seajay
Wed Apr 10, 2024 12:35 pm
Forum: Gold
Topic: Why the big move in gold?
Replies: 95
Views: 88461

Re: Why the big move in gold?

But back to my main point. Looking for a reliable site for the "real" rate of inflation, not the official CPI-U rate (which I would be heartened to hear is actually accurate). An alternative explanation of the CPI not reflecting the true inflation rate is the suppression of purchasing pow...
by seajay
Tue Mar 26, 2024 4:05 am
Forum: Politics
Topic: Putin Invades Ukraine II
Replies: 1187
Views: 1125507

Re: Putin Invades Ukraine II

I don’t accept that we’re using the Ukrainians as cannon fodder, as if they are puppets and have no choice in the matter. Ukrainians feel betrayed by the US, As they should. Where did you read about the nuclear threat, Seajay? I have only read Putin’s veiled threats about using nukes, but only if t...
by seajay
Mon Mar 25, 2024 4:27 pm
Forum: Politics
Topic: Putin Invades Ukraine II
Replies: 1187
Views: 1125507

Re: Putin Invades Ukraine II

I don’t accept that we’re using the Ukrainians as cannon fodder, as if they are puppets and have no choice in the matter. Ukrainians feel betrayed by the US, Republicans vetoing aid and past limitations that restricted Ukraine to having to fight with one arm tied behind its back signifying more a c...
by seajay
Fri Mar 22, 2024 1:10 am
Forum: Permanent Portfolio Discussion
Topic: PP as Emergency Fund / Income Source
Replies: 8
Views: 1970

Re: PP as Emergency Fund / Income Source

Even with just stocks and gold I don't see any issues with cash flows. Sell some of whichever is the most-up (above target % weighting) at the time. Use/have a credit card and that can cover a modest sized emergency, above that and its just a case of selling some shares or gold (T+2 "withdrawal...
by seajay
Tue Mar 12, 2024 7:24 pm
Forum: Cash
Topic: Placement of cash (vs other PP assets)
Replies: 17
Views: 4401

Re: Placement of cash (vs other PP assets)

A concern IMO is that of the 120+ paper to gold ratio https://usdebtclock.org/gold-precious-metals.html In any situation when there are 120 claims on paper to each single item (ounce of gold) there is a risk of a gold-rush, panicked rush to have paper gold delivered as physical gold and where there ...
by seajay
Tue Mar 12, 2024 7:00 pm
Forum: Bonds
Topic: What's the actual rationale for investing in long term bonds?
Replies: 15
Views: 2857

Re: What's the actual rationale for investing in long term bonds?

Spot the difference between 10 year Treasury and a 50/50 STT/LTT barbell https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=24hdbWlW5b93xL88ujgb6z Near-as ... the same. As might a ladder of 1, 2, 3 ... 19, 20 year bonds similarly compare. A conservative 33/67 stock/bond p...
by seajay
Fri Mar 01, 2024 4:37 am
Forum: Cash
Topic: Placement of cash (vs other PP assets)
Replies: 17
Views: 4401

Re: Placement of cash (vs other PP assets)

Thank you for your response, Sophie. I would be interested in your thoughts about the political factors, but I understand why you might not want to elaborate. At one time, not sure if it still holds, Australia prepared for a currency run such that all of the legislation to lock gold within the coun...
by seajay
Tue Feb 27, 2024 3:09 pm
Forum: Cash
Topic: Placement of cash (vs other PP assets)
Replies: 17
Views: 4401

Re: Placement of cash (vs other PP assets)

Hi Sophie. I don't like lending to someone who gets to set/revise the rules/terms/conditions. Opted to shift 'bond' risk (which for me includes 'cash' (short term bonds)), over to the stock side as per Larry S. advice. Would rather hold cold/hard cash and some stocks rather than bonds or having cash...
by seajay
Sat Feb 24, 2024 7:05 am
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 22
Views: 4129

Re: Gold Avenue (an overseas storage option in Switzerland)

Still (off-topic to avoid starting yet more threads) I am more and more convinced to give up on allocated storage and divide my gold between physically held, unallocated at PM and the ETFs. Giving up between 0.3% up to 1.15% yearly for storing gold I won't ever see anyway (not to mention the hassle...
by seajay
Sun Dec 17, 2023 2:56 am
Forum: Gold
Topic: Gold peg
Replies: 13
Views: 22534

Re: Gold peg

I think that’s funny that I wrote “holding the hold” in a previous post. Sounds poetic but of course I meant to write gold . On a number of occasions I've typed god instead of gold! Some I guess have equal contempt with whether another holds in-god-we-trust or in-gold-we-trust. I like your Disney s...
by seajay
Sat Dec 16, 2023 8:20 am
Forum: Gold
Topic: Gold peg
Replies: 13
Views: 22534

Re: Gold peg

I dunno why they dont raise taxes or cut spending Our government is captured by special interests who want short term bennies and who don't care about the LT survivability of the United States. With the internet shifting things around in real time, those voted in are more interested in how they're ...
by seajay
Sat Dec 16, 2023 8:15 am
Forum: Gold
Topic: Gold peg
Replies: 13
Views: 22534

Re: Gold peg

And swap for what? If you’re asking what I would swap the gold ETFs for, suggesting I wouldn’t be able to take delivery, well that’s definitely a risk, and the reason I went all physical. ETFs are convenient, but it doesn’t feel the same as holding the hold. If you’re asking what asset I would aban...
by seajay
Sat Dec 16, 2023 8:03 am
Forum: Politics
Topic: The Red State Brain Drain Isn’t Coming. It’s Happening Right Now.
Replies: 62
Views: 360756

Re: The Red State Brain Drain Isn’t Coming. It’s Happening Right Now.

I don't think doing abortions in the 9th month is OK at all, but think about this: 1. Mother-to-be presents in the emergency department with a severe emergency in the 9th month I specifically referred to elective abortions in the ninth month. If the health of the mother is at stake, that should be ...
by seajay
Mon Nov 20, 2023 8:19 pm
Forum: Gold
Topic: Gold peg
Replies: 13
Views: 22534

Re: Gold peg

There’s a lot in seajay’s post. It’ll be interesting to see what happens if & when dedollarization makes significant headway. I haven’t rebalanced out of gold and I occasionally add, always physical,always 1-ounce coins. Sometimes I feel the urge to move back into something more easily tradeabl...