Who’s buying Gold?

Discussion of the Gold portion of the Permanent Portfolio

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ppnewbie
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Who’s buying Gold?

Post by ppnewbie » Tue Mar 09, 2021 2:31 am

Who’s brave enough to pile in now that gold is tumbling?
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Vil
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Re: Who’s buying Gold?

Post by Vil » Tue Mar 09, 2021 3:03 am

ppnewbie wrote:
Tue Mar 09, 2021 2:31 am
Who’s brave enough to pile in now that gold is tumbling?
Bought paper 2 weeks ago think will do again. Considering some more physical as the spread is good now (3.5%) from where I buy
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buddtholomew
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Re: Who’s buying Gold?

Post by buddtholomew » Tue Mar 09, 2021 7:49 am

Golds up 1.71% to 1712 this morning.
whatchamacallit
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Re: Who’s buying Gold?

Post by whatchamacallit » Tue Mar 09, 2021 8:45 am

It is my lagging asset so I would be buying on ira contributions.
SomeDude
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Re: Who’s buying Gold?

Post by SomeDude » Tue Mar 09, 2021 7:59 pm

I've bought 2 oz in the last month....buying another this weekend. The only way i wont is if silver crashes in the next few days.
ppnewbie
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Re: Who’s buying Gold?

Post by ppnewbie » Wed Mar 10, 2021 2:20 am

Bought some about 10 days ago. I think I’ll buy a maple leaf tomorrow.
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I Shrugged
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Re: Who’s buying Gold?

Post by I Shrugged » Thu Mar 11, 2021 9:37 am

ppnewbie wrote:
Tue Mar 09, 2021 2:31 am
Who’s brave enough to pile in now that gold is tumbling?
Heck it should be easy at this price.
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buddtholomew
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Re: Who’s buying Gold?

Post by buddtholomew » Thu Mar 11, 2021 9:40 am

I’m the resident pessimist on Gold and it’s not tumbling at all...
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mathjak107
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Re: Who’s buying Gold?

Post by mathjak107 » Fri Mar 12, 2021 4:40 am

buddtholomew wrote:
Thu Mar 11, 2021 9:40 am
I’m the resident pessimist on Gold and it’s not tumbling at all...
My gold and tlt are down pretty much the same ..down 7.34% for Tlt , 5.84 for gold which is better than the ytd which has both down about 11-12% , today has both in a nasty fall in the premarket ..

Both are in a bear market off the august highs down about 20%, so yeah they both did tumble ....you can’t say Tlt tumbled without saying gold tumbled , they have been joined at the hip more often then not
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Vil
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Re: Who’s buying Gold?

Post by Vil » Fri Mar 12, 2021 4:54 am

I am heretic and rebalancing gradually by selling stocka and buying gold gradually.. even though havent reached bands.. will I spend eternity in hell for that..? But there is one more round I will do this and thats it.. then I will sit on my hands...

PS. Hm first time I wrote 'stocka', but will leave it like this.. sounds like West coast gangsta version of stocks O0
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dualstow
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Re: Who’s buying Gold?

Post by dualstow » Fri Mar 12, 2021 7:28 am

Vil wrote:
Fri Mar 12, 2021 4:54 am
PS. Hm first time I wrote 'stocka', but will leave it like this.. sounds like West coast gangsta version of stocks O0
Sounds like an Eastern European bloc enforcement agency, a counterpart to the American SEC O0
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buddtholomew
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Re: Who’s buying Gold?

Post by buddtholomew » Fri Mar 12, 2021 5:26 pm

mathjak107 wrote:
Fri Mar 12, 2021 4:40 am
buddtholomew wrote:
Thu Mar 11, 2021 9:40 am
I’m the resident pessimist on Gold and it’s not tumbling at all...
My gold and tlt are down pretty much the same ..down 7.34% for Tlt , 5.84 for gold which is better than the ytd which has both down about 11-12% , today has both in a nasty fall in the premarket ..

Both are in a bear market off the august highs down about 20%, so yeah they both did tumble ....you can’t say Tlt tumbled without saying gold tumbled , they have been joined at the hip more often then not
I’ve lived through some drawdowns in Gold but don’t recall experiencing such a pull-back in LTT’s.
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Kriegsspiel
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Re: Who’s buying Gold?

Post by Kriegsspiel » Sat Mar 13, 2021 7:46 pm

Vil wrote:
Fri Mar 12, 2021 4:54 am
I am heretic and rebalancing gradually by selling stocka and buying gold gradually.. even though havent reached bands.. will I spend eternity in hell for that..? But there is one more round I will do this and thats it.. then I will sit on my hands...

PS. Hm first time I wrote 'stocka', but will leave it like this.. sounds like West coast gangsta version of stocks O0
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williamramirez
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Re: Who’s buying Gold?

Post by williamramirez » Wed Mar 24, 2021 10:32 am

I buy this gold consistently twice a year. It's the best investment these days. And if assets are falling now, it means that next year the price of gold will be 10-20% higher than the current price.
Last edited by williamramirez on Thu Mar 25, 2021 5:32 am, edited 1 time in total.
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Re: Who’s buying Gold?

Post by SomeDude » Wed Mar 24, 2021 6:13 pm

williamramirez wrote:
Wed Mar 24, 2021 10:32 am
I buy gold consistently twice a year. It's the best investment these days. And if assets are falling now, it means that next year the price of gold will be 10-20% higher than the current price.
Boom WR. I like the way you're thinking.

I just bought 5 one oz random coins from jmbullion.
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Re: Who’s buying Gold?

Post by dualstow » Thu Mar 25, 2021 1:51 pm

I would love to buy more gold this spring. It’s like $90 over spot (5.4%) to $200 over spot, which hurts. If it were closer to spot I’d already have it in my hands. Still hesitating.
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Re: Who’s buying Gold?

Post by ppnewbie » Fri Mar 26, 2021 1:31 am

I’m buying - I can get maple leafs for 99 over spot and I’m buying a few silver Britannia’s
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