Search found 104 matches

by welderwannabe
Wed Dec 21, 2022 8:39 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3689
Views: 1656547

Re: The GOLD scream room

That Bullion DNA looks pretty cool -- https://www.mint.ca/en/bullion/bullion-dna -- but what about all the old coins? Fascinating, thanks for sharing. Validating my decision to go with the silver maple leafs for this order. Neat. Well, that and the fact that Silver Eagles are around 75% over spot r...
by welderwannabe
Tue Dec 20, 2022 7:53 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3689
Views: 1656547

Re: The GOLD scream room

There's not much to it. To check size and weight, use this simple piece of plastic: https://goldcoinbalance.com To check timbre, simply rest the coin on the tip of your finger and gently flick the edge with your fingernail or a piece of hard plastic like a pen. If you hear a very high-pitched ringi...
by welderwannabe
Mon Dec 19, 2022 3:57 pm
Forum: Permanent Portfolio Discussion
Topic: The Peter Schiff portfolio: an evolutionary offshoot of the PP
Replies: 100
Views: 27567

Re: The Peter Schiff portfolio: an evolutionary offshoot of the PP

I would say working age population shrinking is turning out to be inflationary because of wage inflation. We are seeing that now Agreed, and often not talked about but we lost 1M people to Covid. A lot of them were not working, but even a bunch of older folks would do some part time work. Many are ...
by welderwannabe
Mon Dec 19, 2022 12:37 pm
Forum: Gold
Topic: Silver
Replies: 40
Views: 9202

Silver

I know this is the gold section, but curious if anyone else also buys silver.

I just did another buy, I like having some. In an SHF scenario may be a little easier to barter with than gold eagles since they are worth less?

Thoughts?
by welderwannabe
Mon Dec 19, 2022 8:26 am
Forum: Gold
Topic: The GOLD scream room
Replies: 3689
Views: 1656547

Re: The GOLD scream room

Train your ear. Use known good coins. If it meets size, weight and timbre (rings true), it is as good a gold. You've found the philosopher's stone if you can make a base metal match gold for size and weight and timbre. And even the most wretched man can check that with a scale, an eye and an ear. N...
by welderwannabe
Fri Dec 16, 2022 12:56 pm
Forum: Gold
Topic: Another Gold ETF post
Replies: 29
Views: 9970

Re: Another Gold ETF post

FWIW, since I started this thread I figured I would share that I have started moving my holdings to SGOL. As tax loss harvesting opportunities pop up, im selling GLDM and moving. I like the current geo diversity of SGOL and hope it stays that way around. While my analysis declared IAUM the winner, t...
by welderwannabe
Fri Dec 16, 2022 12:27 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3689
Views: 1656547

Re: The GOLD scream room

The thing I really like about the Maple Leafs is that apparently they are quite difficult to counterfeit convincingly. There's a specific technology that the Canadian Mint calls "Bullion DNA" that includes some security features. The thing I don't like about them is that unlike Gold Eagles they are...
by welderwannabe
Thu Dec 15, 2022 6:45 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 3689
Views: 1656547

Re: The GOLD scream room

I don't have any maple leafs, but they will be the next coin I buy. Eagles premium is just to crazy right now.
by welderwannabe
Wed Dec 14, 2022 6:22 am
Forum: Gold
Topic: Another Gold ETF post
Replies: 29
Views: 9970

Re: Another Gold ETF post

Agree with the general feeling on a Chinese holding company. However, I think the location, local laws in effect and the auditing/auditor is probably more important. If the vault is in the US or UK with a western auditing firm I'm not that concerned. Move the vault to Bejing, use a non-western Euro...
by welderwannabe
Sat Dec 10, 2022 3:20 pm
Forum: Gold
Topic: Another Gold ETF post
Replies: 29
Views: 9970

Re: Another Gold ETF post

Cleaned up the post a bit and added some more tickers: I feel in investing, its super important to know how different parties selling you things make their money. This helps assess risk. So I'll start with some Gold ETF definitions. Sponsor: This is the company who starts up the ETF and is largely r...
by welderwannabe
Sat Dec 10, 2022 12:09 pm
Forum: Gold
Topic: Another Gold ETF post
Replies: 29
Views: 9970

Re: Another Gold ETF post

I just went through the prospectus for AAAU, and there is nothing in there about redeeming ETF shares in exchange for physical gold. Its just got the standard language allowing Authorized Participants to do it (which none of us are), and only in chunks of 25,000 shares which works out to be about $4...
by welderwannabe
Sat Dec 10, 2022 6:36 am
Forum: Gold
Topic: Another Gold ETF post
Replies: 29
Views: 9970

Re: Another Gold ETF post

Hal,

Where are you seeing it's still the case you can exchange shares for physical gold? I don't see thats the case since Goldman took over?
by welderwannabe
Fri Dec 09, 2022 11:12 am
Forum: Gold
Topic: Another Gold ETF post
Replies: 29
Views: 9970

Re: Another Gold ETF post

I hold about 50% physical gold in various places, but im still using GLDM for all my paper gold. I haven't moved yet, but i have done some research I figured i'd share in case its useful to someone else. GLD: ER of .4%, making this one of the most expensive ETFs. Liquidity is high for this as it is ...
by welderwannabe
Thu Dec 08, 2022 3:30 pm
Forum: Gold
Topic: Visit to the SWP Vault
Replies: 8
Views: 1793

Re: Visit to the SWP Vault

Last week my wife and I finally managed to visit the SWP vault facility on Grand Cayman. This was a visit planned back in early 2020 that was interrupted by the Wuhan lock down. Our plane tickets were placed on hold, and we waited all this time for the Island to finally reopen. Meanwhile, we sent a...
by welderwannabe
Fri Dec 02, 2022 8:25 pm
Forum: Cash
Topic: Vanguard has FDIC insured settlement account
Replies: 4
Views: 1872

Re: Vanguard has FDIC insured settlement account

Yes, they have been piloting this for a while slowly inviting customers to use it.

Regardless that they have this, I like Fidelity's approach better. Their cash management has far better features, albeit with less yield than Vanguard due to higher fees.
by welderwannabe
Wed Nov 30, 2022 7:10 am
Forum: Gold
Topic: Time to buy more physical gold
Replies: 24
Views: 3390

Re: Time to buy more physical gold

Understood dualstow. Vinny's info is helpful at a minimum just giving me some more names to research. Ihad a negative experience with AJPM about 10 years ago. Nothing major, but my delivery took almost 2 months to get to me and they were unable to provide any updates. In fairness to them, the gold w...
by welderwannabe
Tue Nov 29, 2022 2:35 pm
Forum: Gold
Topic: Time to buy more physical gold
Replies: 24
Views: 3390

Re: Time to buy more physical gold

Thanks a bunch, this is helpful. I'll pour myself a drink later and review. Appreciate it.
by welderwannabe
Tue Nov 29, 2022 9:47 am
Forum: Bonds
Topic: Treasury Notes (Auction vs Secondary - basically a wash?)
Replies: 14
Views: 4031

Re: Treasury Notes (Auction vs Secondary - basically a wash?)

I was looking for a till with about a month maturity yesterday so I wouldn't have to remember to enter the auction today. Looked for options yesterday and there was a bill maturing I believe on 12/27 or 12/29...anyways at my lot size of 30,000 there was a 20bp haircut between the market yield for a ...
by welderwannabe
Tue Nov 29, 2022 9:11 am
Forum: Gold
Topic: Time to buy more physical gold
Replies: 24
Views: 3390

Re: Time to buy more physical gold

Thanks for both the positive and negative feedback on jmbullion. I'll check them out as well. As said I've always done apmex but I think they're getting more expensive. They are 1% over spot higher than Gainesville coins even after factoring in Gainesville's shipping costs. Any feedback on Gainesvil...
by welderwannabe
Mon Nov 28, 2022 3:21 pm
Forum: Permanent Portfolio Discussion
Topic: Help a newbie to trust the PP
Replies: 56
Views: 11191

Re: Help a newbie to trust the PP

Since you asked , Yes , I view the pp as a capital preservation portfolio, after you compounded and grew your money as best as you could and that usually means decades of equities . For those who tend to exhibit poor investor behavior when markets got volatile I recommend getting a third party to m...
by welderwannabe
Mon Nov 28, 2022 1:34 pm
Forum: Cash
Topic: Tempting Cash Rebate offers
Replies: 36
Views: 4516

Re: Tempting Cash Rebate offers

After seeing rate was better for lower amounts, I contemplated the $500 for $30k offer but still don't think it is worth it. After state tax, rate would be more like 5.1 1 year Treasury is 4.75 So all the trouble to earn an extra .35 % $100 maybe? 500 on 30,000, assuming you keep it in there 90 day...
by welderwannabe
Mon Nov 28, 2022 1:22 pm
Forum: Permanent Portfolio Discussion
Topic: Help a newbie to trust the PP
Replies: 56
Views: 11191

Re: Help a newbie to trust the PP

mathjak107 wrote:
Mon Nov 28, 2022 11:24 am
There were tax tissues I could have done better
Glad i'm not the only one that needs tissues when I do my taxes.
mathjak107 wrote:
Mon Nov 28, 2022 11:24 am
I would never use the permanent portfolio during my accumulation phase , so no regrets there …
So you view at as a retiree's only portfolio? If so, why?
by welderwannabe
Mon Nov 28, 2022 12:17 pm
Forum: Gold
Topic: Time to buy more physical gold
Replies: 24
Views: 3390

Re: Time to buy more physical gold

Internationally as one board member might be looking to add gold, another might be looking to reduce. For instance gold in non US dollar countries has risen, in the US its down. There are forums around where members exchange (trade) gold, where often the seller is content with spot price as is the ...
by welderwannabe
Sun Nov 27, 2022 11:08 am
Forum: Gold
Topic: Time to buy more physical gold
Replies: 24
Views: 3390

Re: Time to buy more physical gold

Any opinions on where I should buy some physical from? APMEX seems to be far from the cheapest, but thats who ive usually used.
by welderwannabe
Sun Nov 27, 2022 9:51 am
Forum: Cash
Topic: Tempting Cash Rebate offers
Replies: 36
Views: 4516

Re: Tempting Cash Rebate offers

To get a higher yield you have to accept more risk. And anybody who is eager to leave their cash with Citibank would do well to first read up on its history in the stock market crash of 1929 (ever heard of Charlie Mitchell?) and, more recently, the financial crisis of 2007-2009 that forced a re-str...