Gyroscopic Investing

(joypog wrote)
On the gold front...

joypog wrote: ↑Fri Apr 29, 2022 8:47 pm

Hal wrote: ↑Fri Apr 29, 2022 8:25 pmps: That's why I like the GoldSmith portfolio. Instead of seeing the individual assets classes swing widely, you just see the price of Gold & VDCO. Much better if you have a weak stomach for volatility.

ohh I dig the idea. It's an elegant process when the novelty wears off and I don't feel like finetuning the portfolio.

On the gold front...I'm curious how many people actually hold cold outside of their home country? I'm looking at the Perth mint...we still need to do some more research...hell maybe I'll become a real libertarian when it's all said and done! I was surprised when my wife didn't completely roll her eyes into the back of her head when I floated the idea of buying physical gold out of country.

joypog wrote: ↑Fri Apr 29, 2022 8:47 pm

Hal wrote: ↑Fri Apr 29, 2022 8:25 pmps:

On the gold front...I'm curious how many people actually hold cold outside of their home country? I'm looking at the Perth mint...we still need to do some more research...hell maybe I'll become a real libertarian when it's all said and done! I was surprised when my wife didn't completely roll her eyes into the back of her head when I floated the idea of buying physical gold out of country.

May be outdated (and/or repeated and updated in Craig R's book) but Harry Browne's PP book details the Swiss and Austrian banks where buying physical gold can be easily accomplished, what exactly to ask for (physical gold in segregated custody), and so forth.

joypog wrote: ↑Fri Apr 29, 2022 8:47 pm On the gold front...I'm curious how many people actually hold cold outside of their home country? I'm looking at the Perth mint...we still need to do some more research...hell maybe I'll become a real libertarian when it's all said and done! I was surprised when my wife didn't completely roll her eyes into the back of her head when I floated the idea of buying physical gold out of country.

joypog wrote: ↑Sun May 01, 2022 12:03 pm I was just more curious as far as how many people actually follow through on holding / storing gold outside of the home country.

boglerdude wrote: ↑Sun May 01, 2022 5:06 pm > Australia, which thru Covid has shown itself to be authoritarian and insane

Not the country of Crocodile Dundees I was told it was. https://texasbulliondepository.gov/

Also consider a rental prop for inflation protection, if you like to stay busy.

Hal wrote: ↑Sun May 01, 2022 6:00 pm However, being serious now. Watch the Australian Elections this year. If socialist nutcases get into Government, I would re-evaluate storing Gold here.

joypog wrote: ↑Mon May 02, 2022 7:10 am

Hal wrote: ↑Sun May 01, 2022 6:00 pm However, being serious now. Watch the Australian Elections this year. If socialist nutcases get into Government, I would re-evaluate storing Gold here.

Between the right-wing Russophiles and left-wing wokesters that have taken over both US parties...and apparently everywhere else....where the hell is there to go?!

yzninw wrote: ↑Mon Jul 25, 2022 4:59 pm I've read about the PP on and off for years and just came across the idea that gold outside one's country is recommended, I love the idea.

Do any of these allow opening an account without going there, or would I have to travel in person? It would be convenient to do it remotely.
Or could a proxy open an account?

Also since protection from one's home country is part of the reason, I would like not to use my national financial system, do any of them accept cryptocurrency?

dualstow wrote: ↑Tue Jul 26, 2022 9:44 am Can we stash it at your place?

Smith1776 wrote: ↑Tue Jul 26, 2022 3:56 pm

dualstow wrote: ↑Tue Jul 26, 2022 9:44 am Can we stash it at your place?

Yup! The security of my storage unit is impregnable!

Funny story. When I was in high school I left my wallet in my backpack and stuffed it into one of the lockers during gym class. I did NOT have a lock on the locker. Not a smart move, but hey, I was just a kid. When class was in session someone went through all the unlocked lockers and stole all the valuables they found. (One of my friends had their Gameboy taken.) My wallet? They never found it because my backpack was filled candy wrappers, chip bags, and other assorted garbage.

My storage unit is similarly a sty. That's the kind of foolproof security that has never failed me.

dualstow wrote: ↑Thu Jul 28, 2022 5:28 pm Good to know, Seajay!

Smith1776 wrote: ↑Tue Jul 26, 2022 3:56 pm

dualstow wrote: ↑Tue Jul 26, 2022 9:44 am Can we stash it at your place?

Yup! The security of my storage unit is impregnable!

Funny story. When I was in high school I left my wallet in my backpack and stuffed it into one of the lockers during gym class. I did NOT have a lock on the locker. Not a smart move, but hey, I was just a kid. When class was in session someone went through all the unlocked lockers and stole all the valuables they found. (One of my friends had their Gameboy taken.) My wallet? They never found it because my backpack was filled candy wrappers, chip bags, and other assorted garbage.

My storage unit is similarly a sty. That's the kind of foolproof security that has never failed me.

Years before I got into the pp or gold, I remember seeing an ad for fake soiled underwear (Walter White style tightie whitey briefs) in which to hid your valuables. I thought, damnit, these guys are ruining it. I used to hide things in a pile of dirty laundry. Used to.