SGOL made me rich!

Discussion of the Gold portion of the Permanent Portfolio

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Tortoise
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SGOL made me rich!

Post by Tortoise » Sat Nov 02, 2019 10:33 pm

I checked my Vanguard Roth IRA just now, and my gold position (SGOL) has grown by 10x since the last time I checked two weeks ago!

I'm rich! O0
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ochotona
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Re: SGOL made me rich!

Post by ochotona » Sun Nov 03, 2019 6:27 am

Tortoise wrote:
Sat Nov 02, 2019 10:33 pm
I checked my Vanguard Roth IRA just now, and my gold position (SGOL) has grown by 10x since the last time I checked two weeks ago!

I'm rich! O0

And the punchline is?
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Tyler
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Re: SGOL made me rich!

Post by Tyler » Sun Nov 03, 2019 10:20 am

??? :o ::) ;D Congrats!

(I considered splitting my reply into 10 smaller posts, but you get the idea.)
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ochotona
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Re: SGOL made me rich!

Post by ochotona » Sun Nov 03, 2019 10:55 am

They split the shares by 10?
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Tyler
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Re: SGOL made me rich!

Post by Tyler » Sun Nov 03, 2019 11:01 am

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Tortoise
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Re: SGOL made me rich!

Post by Tortoise » Sun Nov 03, 2019 11:12 am

Darn. So tomorrow (Nov 4) I won’t be rich anymore.

At least I can enjoy my sudden wealth for a weekend ;)
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Re: SGOL made me rich!

Post by Tortoise » Sun Nov 03, 2019 11:19 am

ochotona wrote:
Sun Nov 03, 2019 6:27 am
And the punchline is?
Punchline is apparently that SGOL shares were split by 10, but for some reason they won’t correspondingly decrease the share price by 10x until Nov 4. So for the weekend my SGOL balance increased by 10x and also increased my Vanguard holdings by a huge amount.

Alas, just a temporary illusion.
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Re: SGOL made me rich!

Post by ochotona » Sun Nov 03, 2019 3:11 pm

Merry Christmas!
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