The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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ochotona
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Re: The GOLD scream room

Post by ochotona » Thu Apr 11, 2019 7:34 pm

technovelist wrote:
Thu Apr 11, 2019 7:00 pm
ochotona wrote:
Thu Apr 11, 2019 4:25 pm
Silver got binch slapped
Silver is great if you are a masochist.
It's so expensive to buy physical. Why bother? SLV or SIVR. I'm a buyer if the gold:silver ratio distorts more, like in the next recession silver may get dragged down because of its industrial uses. If gold is 100x more expensive, I'm a buyer of silver.
technovelist
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Re: The GOLD scream room

Post by technovelist » Thu Apr 11, 2019 9:24 pm

ochotona wrote:
Thu Apr 11, 2019 7:34 pm
technovelist wrote:
Thu Apr 11, 2019 7:00 pm
ochotona wrote:
Thu Apr 11, 2019 4:25 pm
Silver got binch slapped
Silver is great if you are a masochist.
It's so expensive to buy physical. Why bother? SLV or SIVR. I'm a buyer if the gold:silver ratio distorts more, like in the next recession silver may get dragged down because of its industrial uses. If gold is 100x more expensive, I'm a buyer of silver.
What does that ratio mean? Can you substitute gold for silver or vice versa?

Of course you can calculate such a ratio, but I don't see any fundamental reason why there would be any "correct" ratio, or why a particular ratio would make buying gold or silver a good idea.

By the way, Harry Browne didn't think it was meaningful.
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ochotona
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Re: The GOLD scream room

Post by ochotona » Fri Apr 12, 2019 7:15 am

Over a timescale of years, the ratio is range bound between 100 and 50-ish. If you buy the cheaper metal at either extreme, you may be able to make a trade, if you are patient. Definitely if we get to 95-100 it's time to really consider this. Same idea for gold vs platinum now.
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Tue Apr 16, 2019 1:22 pm

You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.

Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.
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Re: The GOLD scream room

Post by modeljc » Tue Apr 16, 2019 2:05 pm

buddtholomew wrote:
Tue Apr 16, 2019 1:22 pm
You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.

Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.
Also Gold is overpriced! Selling above production cost! Not much of a store of value.
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Tue Apr 16, 2019 4:02 pm

And you can't eat it!

Ahh, the 20% drop in stocks is so quickly forgotten. Let's cherry pick some dates:

Image
modeljc
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Re: The GOLD scream room

Post by modeljc » Tue Apr 16, 2019 4:31 pm

modeljc wrote:
Tue Apr 16, 2019 2:05 pm
buddtholomew wrote:
Tue Apr 16, 2019 1:22 pm
You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.

Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.
Also Gold is overpriced! Selling above production cost! Not much of a store of value.
I had a beer and it helped me be clear about all the countries that are just hoping to catch a bid and get some worthless DOLLARS. It is a long list. Gold has a lot of sellers lined up for all my lifetime. A fan of the PP but!
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Ugly_Bird
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Re: The GOLD scream room

Post by Ugly_Bird » Tue Apr 16, 2019 4:38 pm

buddtholomew wrote:
Tue Apr 16, 2019 1:22 pm
Where’s ugly_bird? Seems he deleted his post.
I'm here and I didn't delete any posts of mine. Not my style.
As of stocks, gold etc... Honestly, I do not care. I'm a chemist, money is too boring for me. Since I chose PP I sleep well. Just repeat, I do not care. Actually I do care, I want Au or/and LTT go even further down to trigger my rebalance thresholds.
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Tue Apr 16, 2019 5:46 pm

Ugly_Bird wrote:
Tue Apr 16, 2019 4:38 pm
buddtholomew wrote:
Tue Apr 16, 2019 1:22 pm
Where’s ugly_bird? Seems he deleted his post.
I'm here and I didn't delete any posts of mine. Not my style.
As of stocks, gold etc... Honestly, I do not care. I'm a chemist, money is too boring for me. Since I chose PP I sleep well. Just repeat, I do not care. Actually I do care, I want Au or/and LTT go even further down to trigger my rebalance thresholds.
Well I'm sure you will get your wish soon ALA re-balance into Au and LTT's.
If you don't care then why not have a higher allocation to stocks?
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Ugly_Bird
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Re: The GOLD scream room

Post by Ugly_Bird » Tue Apr 16, 2019 5:51 pm

buddtholomew wrote:
Tue Apr 16, 2019 5:46 pm
If you don't care then why not have a higher allocation to stocks?
Because I do not care. :P
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Tue Apr 16, 2019 5:56 pm

Ugly_Bird wrote:
Tue Apr 16, 2019 5:51 pm
buddtholomew wrote:
Tue Apr 16, 2019 5:46 pm
If you don't care then why not have a higher allocation to stocks?
Because I do not care. :P
Now I’m debating with my 9 year old.
Ok, you don’t care...good for you.
Go play outside now. ;D
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Tue Apr 16, 2019 5:59 pm

Cortopassi wrote:
Tue Apr 16, 2019 4:02 pm
And you can't eat it!

Ahh, the 20% drop in stocks is so quickly forgotten. Let's cherry pick some dates:

Image
Here’s the thing Corto, I took advantage of the stock decline by purchasing stocks and not sitting in Gold and LTT’s hoping and praying that they will catch a bid. Sure stocks go down and up and down and up but so does Gold. Only difference I see is Stocks helping me achieve my goals whereas the other assets “were” setting me back further and further. 25% in Gold and LTT’s is just plain wrong. Period.
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