The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Fri Nov 27, 2020 11:52 am

Bought some IAU at 17.04 today to restore AA.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Mon Jan 04, 2021 10:13 am

Nice to see gold moving in the other direction from stocks today, i.e. up. +US$50
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Re: The GOLD scream room

Post by Don » Mon Jan 04, 2021 1:04 pm

dualstow wrote:
Mon Jan 04, 2021 10:13 am
Nice to see gold moving in the other direction from stocks today, i.e. up. +US$50
Not exactly a bitcoin return, but we'll take it, right?
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Re: The GOLD scream room

Post by dualstow » Mon Jan 04, 2021 1:52 pm

Don wrote:
Mon Jan 04, 2021 1:04 pm
dualstow wrote:
Mon Jan 04, 2021 10:13 am
Nice to see gold moving in the other direction from stocks today, i.e. up. +US$50
Not exactly a bitcoin return, but we'll take it, right?
Right. I'm truly happy for bitcoin holders (and TSLA holders) but I continue to be impressed with the pp. It's not exciting to hold the four assets, but it's working.
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Mon Jan 04, 2021 1:58 pm

Stoncks fell and gold rose. Talk about gyroscopic!
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process." - Alan Greenspan, 1966
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Mon Jan 04, 2021 2:59 pm

Bitcoin sell-off = Gold’s benefit
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Ugly_Bird
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Re: The GOLD scream room

Post by Ugly_Bird » Mon Jan 04, 2021 4:31 pm

buddtholomew wrote:
Mon Jan 04, 2021 2:59 pm
Bitcoin sell-off = Gold’s benefit
Good point. That should happen sometimes this year.
Depends when BTC drops 70-80%
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dualstow
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Re: The GOLD scream room

Post by dualstow » Fri Jan 08, 2021 12:50 pm

Gold is down 4-frickin-%.
Might have to buy some this month.
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Re: The GOLD scream room

Post by modeljc » Fri Jan 08, 2021 1:21 pm

dualstow wrote:
Fri Jan 08, 2021 12:50 pm
Gold is down 4-frickin-%.
Might have to buy some this month.
Might make 2% a year for 10 years. I got 28% of it and it't not going to do much for us unless we get lucky.
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ochotona
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Re: The GOLD scream room

Post by ochotona » Sat Jan 09, 2021 2:56 pm

Buy the dip.

However, I don't need the money for a few years, I have way too much cash already, and I'm full up with stocks, bonds, BITCOIN, miners, silver... so gold it is. I guess if I had a hole elsewhere in my allocation I might not be buying gold.
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Re: The GOLD scream room

Post by modeljc » Sun Jan 10, 2021 10:50 am

ochotona wrote:
Sat Jan 09, 2021 2:56 pm
Buy the dip.

However, I don't need the money for a few years, I have way too much cash already, and I'm full up with stocks, bonds, BITCOIN, miners, silver... so gold it is. I guess if I had a hole elsewhere in my allocation I might not be buying gold.
Since 2004 when GLD came out it has done +9%. Maybe we are OK? I had it since 1972 and I tell others that this is not a fun ride.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Sun Jan 10, 2021 11:27 am

modeljc wrote:
Fri Jan 08, 2021 1:21 pm
dualstow wrote:
Fri Jan 08, 2021 12:50 pm
Gold is down 4-frickin-%.
Might have to buy some this month.
Might make 2% a year for 10 years. I got 28% of it and it't not going to do much for us unless we get lucky.
I’ll keep beating the drum: gold is part of a package.
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Re: The GOLD scream room

Post by mathjak107 » Fri Jan 29, 2021 3:11 pm

Crazy how a gold rally in the morning ended up down by the close
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Fri Jan 29, 2021 3:22 pm

2nd day in a row...sold some IAU @ 17.79 this morning - bird in the hand and all...was 40/15/0/45 and now 35/12.5/0/52.5 stocks/gold/bonds/cash.

Been reducing allocation to stocks for several weeks now.
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Re: The GOLD scream room

Post by mathjak107 » Fri Jan 29, 2021 3:39 pm

Same , I am very close to 100% pp which is rare for me as well as an almost 50% cash position ...but I don’t like what I am seeing ..better safe than sorry. Although with the pounding gold and tlt have been getting I am not sure if anything is going to hold up well
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Re: The GOLD scream room

Post by SomeDude » Sun Jan 31, 2021 10:13 am

Only buy gold when it's cheap and you'll always be happy.

I define cheap as:

GSR under 70

S&P to gold over 1.7

Both are true right now.
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Ugly_Bird
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Re: The GOLD scream room

Post by Ugly_Bird » Mon Feb 01, 2021 9:07 am

SomeDude wrote:
Sun Jan 31, 2021 10:13 am
GSR under 70
Oooops! :-)
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Vil
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Re: The GOLD scream room

Post by Vil » Tue Feb 02, 2021 1:12 pm

GLD is now below the 10 month MA too (SMA200 it already passed). The ones that rebalance to cash in such conditions - will you do so now or will you wait for the "Last kiss" pattern to form ? ;D Just asking out of curiosity ..
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Re: The GOLD scream room

Post by Kriegsspiel » Tue Feb 02, 2021 2:38 pm

Vil wrote:
Tue Feb 02, 2021 1:12 pm
GLD is now below the 10 month MA too (SMA200 it already passed). The ones that rebalance to cash in such conditions - will you do so now or will you wait for the "Last kiss" pattern to form ? ;D Just asking out of curiosity ..
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Re: The GOLD scream room

Post by Cortopassi » Tue Feb 02, 2021 2:46 pm

Just in case all you "dumb" money people forgot, there is nothing that ever goes up all the time, except stocks! Screw this pp thing. I am going 100% stocks! :P

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Re: The GOLD scream room

Post by Vil » Tue Feb 02, 2021 3:20 pm

Cortopassi wrote:
Tue Feb 02, 2021 2:46 pm
there is nothing that ever goes up all the time, except stocks! Screw this pp thing. I am going 100% stocks! :P
Agree on PP. I will become TIPS investor (TIPS are cool and heard they are expected to be even more cool this year ;D)
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Re: The GOLD scream room

Post by mathjak107 » Tue Feb 02, 2021 3:28 pm

Which means odds are inflation fears were over done and tips get stuck holding the hot potato.

Any time we think we got it figured out stuff we didn’t plan on alters that course .

We have had trillions and trillions pumped into the economy since 2008 and this is as high as inflation got .....pretty pathetic when you think about how much was was pumped in and was unprecedented
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Re: The GOLD scream room

Post by dualstow » Tue Feb 02, 2021 4:09 pm

My edit:
mathjak107 wrote:
Tue Feb 02, 2021 3:28 pm
Which means odds are inflation fears were over done and tipsBogleheads holding TIPS get stuck holding the hot potato.
...
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Vil
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Re: The GOLD scream room

Post by Vil » Wed Feb 03, 2021 2:33 am

mathjak107 wrote:
Tue Feb 02, 2021 3:28 pm
We have had trillions and trillions pumped into the economy
You know I still have difficulties assimilating what a trillion USD mean.. I think it was pmward explaining the magnitude of it (giving the example of trillion seconds that equal 31709 years....)
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Re: The GOLD scream room

Post by Cortopassi » Wed Feb 03, 2021 8:16 am

Examples. A billion is measly!

http://www.pagetutor.com/trillion/index.html

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