The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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Lowe
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Re: The GOLD scream room

Post by Lowe » Mon Jul 20, 2015 9:17 am

Oh, good god.
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Matthew19
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Re: The GOLD scream room

Post by Matthew19 » Mon Jul 20, 2015 9:41 am

The day I plan to liquidate my mining stocks this happens. I'm not sure if Ill look back in 5 years and say it was the dumbest thing to sell here or the best thing ever. There goes a years salary because I wanted to outsmart the markets.
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ochotona
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Re: The GOLD scream room

Post by ochotona » Mon Jul 20, 2015 10:41 am

So sorry to hear it. The entire commodity complex is stricken due to dis-inflation, no-inflation, de-flation, whatever you want to call it... and a powerful US Dollar. I lost my job as an oil geophysicist in March, that was my wake-up call; getting my head slammed against a concrete wall at 100 MPH. It could get worse before it gets better. And there is no telling how quickly precious metals go up after reaching their true lows for this cycle. Maybe fast... maybe slow. Best to wait on the sidelines in cash. There will be plenty of chances to buy. Don't buy miners, buy metals. I am looking at a mix of gold and platinum. Someday...

Matthew19 wrote: The day I plan to liquidate my mining stocks this happens. I'm not sure if Ill look back in 5 years and say it was the dumbest thing to sell here or the best thing ever. There goes a years salary because I wanted to outsmart the markets.
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Re: The GOLD scream room

Post by PP67 » Mon Jul 20, 2015 10:50 am

Sounds like a good day for a poem:

                If

If you can keep your head when all about you
  Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
  But make allowance for their doubting too;
If you can wait and not be tired by waiting,
  Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
  And yet don’t look too good, nor talk too wise...
... You can invest in  HBPP and rule the Earth!
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Mon Jul 20, 2015 4:25 pm

I don't pay attention to the markets that much anymore but I happened to stumble on CNBC and they were talking about gold so I took a look online and... HOLY $%^&! Gold has taken a real pounding since the last time I looked. If this keeps up I may have to rebalance my PP. Haven't looked at that in a few months either.
Trumpism is not a philosophy or a movement. It's a cult.
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ochotona
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Re: The GOLD scream room

Post by ochotona » Mon Jul 20, 2015 6:49 pm

I'd wait. The pounding could get worse.
Ad Orientem wrote: I don't pay attention to the markets that much anymore but I happened to stumble on CNBC and they were talking about gold so I took a look online and... HOLY $%^&! Gold has taken a real pounding since the last time I looked. If this keeps up I may have to rebalance my PP. Haven't looked at that in a few months either.
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Mon Jul 20, 2015 6:57 pm

ochotona wrote: I'd wait. The pounding could get worse.
Ad Orientem wrote: I don't pay attention to the markets that much anymore but I happened to stumble on CNBC and they were talking about gold so I took a look online and... HOLY $%^&! Gold has taken a real pounding since the last time I looked. If this keeps up I may have to rebalance my PP. Haven't looked at that in a few months either.
Eh. I just looked. No rebalancing anytime soon. My PP has barely moved. God I love this portfolio.
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Pointedstick
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Re: The GOLD scream room

Post by Pointedstick » Mon Jul 20, 2015 7:05 pm

Ad Orientem wrote: Eh. I just looked. No rebalancing anytime soon. My PP has barely moved. God I love this portfolio.
You know they have pills for that nowadays. ;D
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Mon Jul 20, 2015 7:12 pm

Pointedstick wrote:
Ad Orientem wrote: Eh. I just looked. No rebalancing anytime soon. My PP has barely moved. God I love this portfolio.
You know they have pills for that nowadays. ;D
Perhaps. But gentlemen never tell.  8)
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dualstow
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Re: The GOLD scream room

Post by dualstow » Mon Jul 27, 2015 1:51 pm

annie in another thread wrote:Dennis Gartman says GOLD looksto be headed several hundred dollars higher.
He generally knows about these things.
dualstow wrote: Next week?
Or perhaps after dropping to 750 for 13 years?

That's what I want to know.
AlanT wrote: I'm pretty sure you're just being facetious here, but I don't think we'll ever see $750 gold again.  However, anything close and I'll sell the farm and load up.
Are you loading up, Alan T? %wise, I guess we're not "close" yet.
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Libertarian666
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Re: The GOLD scream room

Post by Libertarian666 » Thu Sep 17, 2015 3:52 pm

What, no cheers after gold has helped the PP's performance for the past few days?  :P
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Re: The GOLD scream room

Post by fi50@fi2023 » Thu Sep 17, 2015 8:29 pm

Here, here for my little gold friends!  I read so much negativity on here from Mathjak and others, but I have to say that I have never felt better about investing then I have since I started the HBPP.  I actually invest my stock portion following the Paul Merriman index fund mix.  I love purchasing gold coins for the first time in my life.  When the market is down I think of Craig Rowland's "eye of the storm" reference.  You can't feel but so badly when you are holding all 4 asset classes.  I look forward to rebalancing band opportunities and am enjoying the ride, even when things are down and I am making purchases.

Thanks to everyone for the excellent discussion, including you Mathjak.
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Re: The GOLD scream room

Post by mathjak107 » Fri Sep 18, 2015 5:36 am

gold has been showing some life the last couple of days . hope it continues.

despite my own sentiments about owning it i would like nothing more than to see you guys and girls be able to tell me see you were wrong .  no one should have to sit with losses  , even if it means i was wrong .    so good luck and hope it continues .
Last edited by mathjak107 on Fri Sep 18, 2015 5:38 am, edited 1 time in total.
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Fri Sep 18, 2015 7:45 am

Dilbert does gold again:

Image

Image
Last edited by Cortopassi on Fri Sep 18, 2015 8:08 am, edited 1 time in total.
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Mark Leavy
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Re: The GOLD scream room

Post by Mark Leavy » Fri Sep 18, 2015 8:41 am

mathjak107 wrote: gold has been showing some life the last couple of days . hope it continues.

despite my own sentiments about owning it i would like nothing more than to see you guys and girls be able to tell me see you were wrong .  no one should have to sit with losses  , even if it means i was wrong .    so good luck and hope it continues .
One of the most refreshing things about this forum is the high percentage of adults in the room.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Fri Sep 18, 2015 9:51 am

mathjak107 wrote: despite my own sentiments about owning it i would like nothing more than to see you guys and girls be able to tell me see you were wrong . 
Don't forget that pp'ers are not gold bugs and we're not holding gold because we predict it will rise. We hold the four assets because we admit we don't know. I for one will not say, "See, you were wrong." At the most I'll say, "I didn't know gold was going to do that either!"  ;)
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Re: The GOLD scream room

Post by iwealth » Fri Sep 18, 2015 10:10 am

dualstow wrote:
mathjak107 wrote: despite my own sentiments about owning it i would like nothing more than to see you guys and girls be able to tell me see you were wrong . 
Don't forget that pp'ers are not gold bugs and we're not holding gold because we predict it will rise. We hold the four assets because we admit we don't know. I for one will not say, "See, you were wrong." At the most I'll say, "I didn't know gold was going to do that either!"  ;)
Not to mention it may take years or longer for a meaningful upward move in gold to materialize, and as you said, it makes no difference at all to a PP holder.

What does make a difference to the PP holder is leaving the day to day market analysis to the people that get paid to do the day to day market analysis. It makes me a little nauseous when I think about how many hours I've lost in my life staring at numbers on a screen even when I had no plan to make any portfolio changes. Just mind-numbing anger-inducing screen staring.. Honestly I can't think of a bigger waste of time.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Fri Sep 18, 2015 10:25 am

iwealth wrote: It makes me a little nauseous when I think about how many hours I've lost in my life staring at numbers on a screen even when I had no plan to make any portfolio changes.
.. Honestly I can't think of a bigger waste of time.
Like mice in a Skinner box waiting for our food pellets.  :D
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Re: The GOLD scream room

Post by Jack Jones » Fri Oct 09, 2015 9:56 am

Libertarian666
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Re: The GOLD scream room

Post by Libertarian666 » Tue Oct 13, 2015 9:53 am

A new three-month high, but no one is celebrating? What a bunch of Scrooges!  :P
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Tue Oct 13, 2015 11:59 am

We are all so beaten down, it is better to climb the wall of worry, where every pop up has an expected slam back down. 

Does seem more resilient past couple weeks though.
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Wed Oct 14, 2015 1:37 pm

Ok, I am celebrating a little tiny bit!
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Re: The GOLD scream room

Post by barrett » Wed Oct 14, 2015 2:30 pm

Cortopassi wrote: Ok, I am celebrating a little tiny bit!
Shhhhh!
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dualstow
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Re: The GOLD scream room

Post by dualstow » Wed Oct 14, 2015 3:50 pm

Libertarian666 wrote: A new three-month high, but no one is celebrating? What a bunch of Scrooges!  :P
I'm a scrooge when it comes to filling up the forum threads with ephemeral celebrations. Sure, I'll waste a post on a single smiley or "thanks!" if warranted, but why fill up a page with "It was a good day" ... "It was a bad day" ... "It was a good..."

Well, as long as I'm taking up this space,
Good day for the pp, eh? gold AND bonds.  8)
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Re: The GOLD scream room

Post by fi50@fi2023 » Wed Oct 14, 2015 6:32 pm

Agreed!  So great when you see the PP doing its job! 
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