Search found 18 matches

by ArthurPooh
Sun Feb 18, 2024 6:58 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3688
Views: 1535044

Re: The GOLD scream room

Meanwhile bitcoin has been rising. I think it's because of ETF approval - it did offer a somewhat-safe way to buy it and some publicity has been created. Bitcoin price also often goes up after some nice round number (like recent 50k) has been achieved, as people FOMO into it and various influencers...
by ArthurPooh
Sun Feb 11, 2024 4:26 pm
Forum: Politics
Topic: Putin interview
Replies: 7
Views: 298

Re: Putin interview

I have been rather disappointed. Snyder is right in one thing: Putin's historical narrative is kind of bullshit and heavily relies on selecting certain points of time as yardsticks. Of course Snyder is performing the exact same maneuver when he talks about the inviolability of sovereign states' bord...
by ArthurPooh
Wed Feb 07, 2024 4:17 pm
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 694

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 ArthurPooh
Wed Feb 07, 2024 3:07 pm
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 694

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

I am proven a complete idiot now. It's 8 EUR per month, not year. Kind of changes the picture, doesn't it? Still not bad with larger holdings, but not too good to be true anymore.
by ArthurPooh
Tue Feb 06, 2024 3:45 pm
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 694

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

Austria isn't what it used to be, I think. It did budge under pressure or weaken many of previously existing privacy-enhancing products and legal arrangements, such as Sparbuchs. It did sign up to FATCA and CRS. As a member of the European Union, it's by default obligated to cooperate on tax and fin...
by ArthurPooh
Mon Feb 05, 2024 9:49 am
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 694

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

Hi pmbug,

thanks for pointing me towards this service. I will definitely consider it.depozytu nieprawidłowego
by ArthurPooh
Mon Feb 05, 2024 9:37 am
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 694

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

Hi Hal, PMGOLD looks great. However, any exchange-traded product is disadvantageous for me due to tax considerations. Physical gold (regardless if held directly or stored overseas) is free of capital gains tax in my country, as it is considered a kind of personal movable property rather than an inve...
by ArthurPooh
Sun Feb 04, 2024 11:54 am
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 694

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

I live in Eastern Europe, so showing up in person to collect my coins in Texas is as realistic for me as doing so in Western Australia; either way I would likely rely on selling the gold back to the depository rather than picking it up physically. Switzerland is much more accessible to me in case of...
by ArthurPooh
Sat Feb 03, 2024 3:34 pm
Forum: Gold
Topic: Gold Avenue (an overseas storage option in Switzerland)
Replies: 19
Views: 694

Gold Avenue (an overseas storage option in Switzerland)

Does anyone here store their gold at Gold Avenue (https://www.goldavenue.com/)? The yearly fee is ridiculously low: nothing at all for accounts under 10k CHF, 8 EUR (~$8.65) for accounts under 100k CHF, 0.5% of value if over that. The company behind this service apparently has existed since the 70s ...
by ArthurPooh
Wed Jan 24, 2024 1:21 pm
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

Re: I do not undestand the theory behind international PP at all

As an aside from being a small economy, Australia has de-industrialised since approximately 1980. Car industry is gone, we don't even manufacture a box of matches. So the link you provided makes sense. That's sad to hear about Australia. This is also something I would point out to any emerging mark...
by ArthurPooh
Tue Jan 23, 2024 10:12 am
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

Re: I do not undestand the theory behind international PP at all

That would be a good starting point. From Portfolio Charts, if you had a US PP, 25% TSM, 25% LTT, 25% Gold, 15% STT and 10% local currency then that allocation is always in the best four Ulcer Index ratings regardless of what country you select. I believe a US based PP makes more sense the smaller ...
by ArthurPooh
Mon Jan 22, 2024 10:36 am
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

Re: I do not undestand the theory behind international PP at all

Still safer than any eurozone country. Just for fun, try substituting European domestic cash in a US permanent portfolio over on Portfolio Charts. You may also find this interesting: https://www.youtube.com/watch?v=7uFPVjMC-IE Visitors left today so will have to catch up on reading this thread! Ver...
by ArthurPooh
Sun Jan 21, 2024 3:21 am
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

Re: I do not undestand the theory behind international PP at all

Ugly_Bird wrote:
Wed Jan 17, 2024 5:33 pm
ArthurPooh wrote:
Tue Jan 16, 2024 6:27 pm
But I would sleep better with my money in US Treasuries.
Of the country with 30+ trillion$ debt?
Still safer than any eurozone country.
by ArthurPooh
Tue Jan 16, 2024 6:27 pm
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

Re: I do not undestand the theory behind international PP at all

My intuition is that the euro closely tracks the economic trajectory of Germany, in particular. If Germany were to plunge into deflation, the ECB would almost certainly slash interest rates. But when Greece faced a depression the ECB did not accommodate, making a Greek PP problematic because the lo...
by ArthurPooh
Tue Jan 16, 2024 10:00 am
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

Re: I do not undestand the theory behind international PP at all

This is a critically important point that you make. Just ask anyone in Greece during the debt crisis. If I lived in any country that did not have sovereign control over their currency I would seriously consider a U.S., or E.U. PP. But then, what do you exactly mean by EU PP? Ultimately, Germany or ...
by ArthurPooh
Mon Jan 15, 2024 1:27 pm
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

Re: I do not undestand the theory behind international PP at all

As for the Eurozone, I agree. For many of the smaller countries it makes sense to use a Euro TSM and a broad basket of Euro denominated sovereign bonds. It is the same currency system, so there is no currency risk. I did not mention it in my original post, but the euro introduces another set of pro...
by ArthurPooh
Sun Jan 14, 2024 10:11 am
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

Re: I do not undestand the theory behind international PP at all

Good morning ArthurPooh, In my view you are basically correct! However a couple of points worth raising... 1. There is the currency issue between the USD and the local currency. Myself I just use a hedged bond fund. Good evening Hal. To be honest, I haven't considered that issue. However, does it m...
by ArthurPooh
Sat Jan 13, 2024 1:43 pm
Forum: Permanent Portfolio Discussion
Topic: I do not undestand the theory behind international PP at all
Replies: 25
Views: 11087

I do not undestand the theory behind international PP at all

I have read the Permanent Portfolio book and I have been reading the forum for some time, specifically scouring threads related to international versions of the PP. However, I still cannot understand why exactly wouldn't a standard US-based PP work for any person anywhere in the world provided they ...