The GOLD scream room

[dualstow]

I bought a handful of coins just before the plummet, when spot was ~1299. Whatever.

[barrett]

By that measure everything is irrelevant.
So you see the pattern too.

Sort of irrelevant, yeah. I complain, but there are no better alternatives (for me and my makeup)!

100% in stocks? Great for the past 8 years, but who knew?
100% in gold? Depending on purchase date, you are comfortably ahead, near dead even, or severely under water. Who knew?
Etc, etc.

A slightly tweaked PP is still optimal, for me, so much that I plan on buying Craig's and Harry's books for my daughters at some point and hope they follow some version of it for their assets.

And not be as freaking anal about checking it all the time like I do.

I started a smallish PP-inspired Roth for our 19-year-old daughter after she made some money in 2016. The percentages are hard to get right because it's only a few thousand dollars but that is fine. We'll add to it over the next three years when she is still in college. When she is out on her own making real money, she can see how this has worked out so far and decide if she wants to continue investing this way.

Cortopassi, I know you didn't ask for my opinion, but in your shoes I would just keep accumulating and not worry so much about current balances. I'm sure you intellectually understand that these dips are good in the long run because you get more shares, ounces or whatever with your new contributions.

What I have come to realize is that it's hard for me to be active on this forum without being tempted to check balances. Damn!

[Cortopassi]

I haven't looked the entire day, on purpose.

But I did just look, and things are up a little overall.

Would it have been worth the 0.12% it has gone up by me checking a dozen times? No.

Yes, I do and will just keep on accumulating, my only question on it is my cash % will be at 140% shortly, and it will happen before the year is out. So do I rebalance on that, or wait for Jan?

I want to start the same for my daughters and am accumulating some reading material for them.

[ochotona]

Just bought at $1280

[dualstow]

Just bought at $1280

Wow, I thought you were done for some reason. You must have a lotta gold.

[ochotona]

Just bought at $1280

Wow, I thought you were done for some reason. You must have a lotta gold.

Just 10%. Not 25%. Over the next five years I will slowly swap ETF in IRA for physical gold. Like-for-like, so not price sensitive. Just hope I can finish up before ETFs exhibit any weird tracking errors with gold metal.

[buddtholomew]

I bought Gold yesterday at market close as well.
Re-balanced out of SCV and back into IAU.
I am only managing around the edges to make it seem like I am doing something
SPY/IJS, IAU, TLT and Cash 28%, 26%, 21% and 23%

[Cortopassi]

I'm waiting for 1250....

[dualstow]

I lost my gold in an accident with a scary, pan-dimensional clown hiding in a sewer inlet.

[dualstow]

[ochotona]

I'm waiting for 1250....

It's a crazy market! $100 swing in days!

[Cortopassi]

Yes, here I am again not looking at gold going down.

Does the stock market ever stop going up? I am just going to move my net worth into short term SPY calls....

[dualstow]

Yes, here I am again not looking at gold going down.

Does the stock market ever stop going up? I am just going to move my net worth into short term SPY calls....

[eufo]

Does the stock market ever stop going up?

It certainly doesn't seem so.

[Cortopassi]

Sure feels like I am flushing money down the toilet with the latest rebalance buying more gold and TLT!

Ocho, your 1260 just got hit! Who knew. Do you predict it will rise now?

[Cortopassi]

AND....the minute I enter my depressing note, the markets reverse.

Thank God I am doing the PP.

I would otherwise be acting stupidly on these gyrations.

[ochotona]

I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.

[dualstow]

I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.

Is there anything to be amazed about or are we beholders (myself definitely included) just nuts? I bought at maybe 1299; it'll be delivered soon. At first I was kind of sad to see a drop mere hours later but in the grand scheme of things does it really matter? No. If gold goes down to US$750 or up to $2000, that might matter.

If stocks crash and gold maintains ~$1280, I'll dislike gold a little less.

[buddtholomew]

I'm just sitting here doing nothing, watching in amazement. I may buy more if we go down to $1200. Otherwise, I think I'm topped off. I bought at $1280, a few days too early.

Is there anything to be amazed about or are we beholders (myself definitely included) just nuts? I bought at maybe 1299; it'll be delivered soon. At first I was kind of sad to see a drop mere hours later but in the grand scheme of things does it really matter? No. If gold goes down to US$750 or up to $2000, that might matter.

If stocks crash and gold maintains ~$1280, I'll dislike gold a little less.

Yes, but not as less as if it actually went up

[dualstow]

One can only hope, Mr B.

[Kbg]

We do not know LTTs and gold are going to go up, we do know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.

[ochotona]

We do not know LTTs and gold are going to go up, we did know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.

[Cortopassi]

We do not know LTTs and gold are going to go up, we did know that at some point in the not too distant future stocks will be going down. If you are taking money out of stocks you are doing exactly the right thing at this point in time.

Yes. Feels wrong so it is probably right.

[ochotona]

The purpose of gold is to make people look foolish. If you'd sold at $1262, you'd feel foolish today. In a little while, it may be at $1242. Who knows.

[Libertarian666]

The purpose of gold is to make people look foolish. If you'd sold at $1262, you'd feel foolish today. In a little while, it may be at $1242. Who knows.

Finally an explanation for why gold is important!