The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: The GOLD scream room

Post by dualstow » Wed May 16, 2018 4:33 pm

ochotona wrote:
Tue May 15, 2018 6:29 pm
I had some freshly deep fried Churros today OMG what a fried doughnut
Mmm, you-tiao / 油條
RIP Marcello Gandini
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ochotona
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Re: The GOLD scream room

Post by ochotona » Wed May 16, 2018 8:53 pm

dualstow wrote:
Wed May 16, 2018 4:33 pm
ochotona wrote:
Tue May 15, 2018 6:29 pm
I had some freshly deep fried Churros today OMG what a fried doughnut
Mmm, you-tiao / 油條
Exactly, Daddy grew up in Shandong eating you-tiao and drinking soy milk! I prefer powdered sugar instead of plain.
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Re: The GOLD scream room

Post by barrett » Thu May 17, 2018 6:51 am

ochotona wrote:
Wed May 16, 2018 8:53 pm
dualstow wrote:
Wed May 16, 2018 4:33 pm
ochotona wrote:
Tue May 15, 2018 6:29 pm
I had some freshly deep fried Churros today OMG what a fried doughnut
Mmm, you-tiao / 油條
Exactly, Daddy grew up in Shandong eating you-tiao and drinking soy milk! I prefer powdered sugar instead of plain.
I always confused Churrascos with Churros until a little Mexican woman in Poughkeepsie set me straight a couple of weeks ago. O0
Can a brother get some help with the tones on you-tiao? Is "you" second tone as in "oil"?

And are we still in the Gold Scream Room or is the now the Food We Miss From Our Travels Room?
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ochotona
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Re: The GOLD scream room

Post by ochotona » Thu May 17, 2018 7:03 am

We might need ounces of good to buy doughnuts at the rate we're going
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Re: The GOLD scream room

Post by dualstow » Thu May 17, 2018 7:50 am

That's right, Barrett. In fact, it *is* oil, that character.
yóutiáo
RIP Marcello Gandini
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Re: The GOLD scream room

Post by barrett » Fri May 18, 2018 3:15 pm

dualstow wrote:
Thu May 17, 2018 7:50 am
That's right, Barrett. In fact, it *is* oil, that character.
yóutiáo
Ah, got it, dualstow. "Long Oily Thingies!" I've seen those around in Southeast Asia but have never tried them.

Apologies to anyone clicking on this post actually thinking it has anything to do with screaming about gold. dualstow and I have turned this section into a level two Chinese class.

Carry on!
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Re: The GOLD scream room

Post by ochotona » Fri May 18, 2018 8:58 pm

They also serve up the snake blood as a aphrodisiac.
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Re: The GOLD scream room

Post by Kriegsspiel » Fri May 18, 2018 10:59 pm

God damn my gerd ounces!
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Fri Jun 15, 2018 8:32 am

Pathetic.
CPI up 6% and gold tanks.
We’re all morons.
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Re: The GOLD scream room

Post by Cortopassi » Fri Jun 15, 2018 8:55 am

buddtholomew wrote:
Fri Jun 15, 2018 8:32 am
Pathetic.
CPI up 6% and gold tanks.
We’re all morons.
Bwahahaha. I have to laugh. I expected this thread to activate again. Who cares. This is perfect. No one cares about gold at all. Ripe for a multi-year rise, right? :D
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Re: The GOLD scream room

Post by buddtholomew » Fri Jun 15, 2018 8:57 am

We’ve been on the same hopium for a while now.
Even if equities tanked 100% I would still be way ahead of my gold position. Big mistake!
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Re: The GOLD scream room

Post by Libertarian666 » Fri Jun 15, 2018 9:01 am

buddtholomew wrote:
Fri Jun 15, 2018 8:57 am
We’ve been on the same hopium for a while now.
Even if equities tanked 100% I would still be way ahead of my gold position. Big mistake!
So if your stocks went down to 0 that would still be better than gold?

Wow, that is terrible!
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Re: The GOLD scream room

Post by ochotona » Fri Jun 15, 2018 9:04 am

Ooh $1284.50 now
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Re: The GOLD scream room

Post by buddtholomew » Fri Jun 15, 2018 9:38 am

Libertarian666 wrote:
Fri Jun 15, 2018 9:01 am
buddtholomew wrote:
Fri Jun 15, 2018 8:57 am
We’ve been on the same hopium for a while now.
Even if equities tanked 100% I would still be way ahead of my gold position. Big mistake!
So if your stocks went down to 0 that would still be better than gold?

Wow, that is terrible!
Yup, and since your buy you’ve stunk it up...too bad.
Yet my 70/30 is up 340K YTD.
How’s your gold YTD?
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Re: The GOLD scream room

Post by eufo » Fri Jun 15, 2018 10:29 am

I think gold has potentially a way to fall yet.

Harry Dent is thinking $700/oz down to $400/oz? Seems extreme, but who knows?
Don't agree with me too strongly or I'm going to change my mind
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Re: The GOLD scream room

Post by buddtholomew » Fri Jun 15, 2018 10:45 am

eufo wrote:
Fri Jun 15, 2018 10:29 am
I think gold has potentially a way to fall yet.

Harry Dent is thinking $700/oz down to $400/oz? Seems extreme, but who knows?
That makes more sense to me as it’s pretty much useless.
I can see divesting away from precious metals and being successful, but this 25% allocation to Gold is awful. Almost anything but gold would be better.
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Re: The GOLD scream room

Post by stuper1 » Fri Jun 15, 2018 10:51 am

buddtholomew wrote:
Fri Jun 15, 2018 9:38 am
Libertarian666 wrote:
Fri Jun 15, 2018 9:01 am
buddtholomew wrote:
Fri Jun 15, 2018 8:57 am
We’ve been on the same hopium for a while now.
Even if equities tanked 100% I would still be way ahead of my gold position. Big mistake!
So if your stocks went down to 0 that would still be better than gold?

Wow, that is terrible!
Yup, and since your buy you’ve stunk it up...too bad.
Yet my 70/30 is up 340K YTD.
How’s your gold YTD?
Ok, if I did the math right, that means you, Buddtholomew, have about $12M in your portfolio, and yet you spend your time coming on here to whine about gold's poor performance over the last few years. I'd like to think that if I had that much in my portfolio, I would not be worried about money at all and would find plenty of other things to keep me busy. But, lest you forget so easily, gold saved the decade of 2000 to 2010 for those who held enough to make a difference (sadly not me).
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Re: The GOLD scream room

Post by Cortopassi » Fri Jun 15, 2018 11:00 am

stuper1 wrote:
Fri Jun 15, 2018 10:51 am
buddtholomew wrote:
Fri Jun 15, 2018 9:38 am
Libertarian666 wrote:
Fri Jun 15, 2018 9:01 am


So if your stocks went down to 0 that would still be better than gold?

Wow, that is terrible!
Yup, and since your buy you’ve stunk it up...too bad.
Yet my 70/30 is up 340K YTD.
How’s your gold YTD?
Ok, if I did the math right, that means you, Buddtholomew, have about $12M in your portfolio, and yet you spend your time coming on here to whine about gold's poor performance over the last few years. I'd like to think that if I had that much in my portfolio, I would not be worried about money at all and would find plenty of other things to keep me busy. But, lest you forget so easily, gold saved the decade of 2000 to 2010 for those who held enough to make a difference (sadly not me).
No shit, I was just figuring the same thing!

And the drop is likely a delayed reaction to what the dollar did yesterday. It was surprising it didn't do it in lockstep as usual.

Image
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Re: The GOLD scream room

Post by buddtholomew » Fri Jun 15, 2018 11:05 am

stuper1 wrote:
Fri Jun 15, 2018 10:51 am
buddtholomew wrote:
Fri Jun 15, 2018 9:38 am
Libertarian666 wrote:
Fri Jun 15, 2018 9:01 am


So if your stocks went down to 0 that would still be better than gold?

Wow, that is terrible!
Yup, and since your buy you’ve stunk it up...too bad.
Yet my 70/30 is up 340K YTD.
How’s your gold YTD?
Ok, if I did the math right, that means you, Buddtholomew, have about $12M in your portfolio, and yet you spend your time coming on here to whine about gold's poor performance over the last few years. I'd like to think that if I had that much in my portfolio, I would not be worried about money at all and would find plenty of other things to keep me busy. But, lest you forget so easily, gold saved the decade of 2000 to 2010 for those who held enough to make a difference (sadly not me).
It’s actually closer to 14M.
I spend my time as I see fit, 3-4 hours at the gym and 4-5 on development.
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Re: The GOLD scream room

Post by Cortopassi » Fri Jun 15, 2018 11:37 am

budd, congrats, I am jealous.
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Re: The GOLD scream room

Post by Libertarian666 » Fri Jun 15, 2018 11:38 am

buddtholomew wrote:
Fri Jun 15, 2018 9:38 am
Libertarian666 wrote:
Fri Jun 15, 2018 9:01 am
buddtholomew wrote:
Fri Jun 15, 2018 8:57 am
We’ve been on the same hopium for a while now.
Even if equities tanked 100% I would still be way ahead of my gold position. Big mistake!
So if your stocks went down to 0 that would still be better than gold?

Wow, that is terrible!
Yup, and since your buy you’ve stunk it up...too bad.
Yet my 70/30 is up 340K YTD.
How’s your gold YTD?
If you are 70% in stocks and your stocks went down 100%, that would mean you would lose 70% of your portfolio.

Obviously math isn't your strong suit.
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Fri Jun 15, 2018 11:42 am

Cortopassi wrote:
Fri Jun 15, 2018 11:37 am
budd, congrats, I am jealous.
Don’t be corto, I am a slave to my brain or lack thereof...
I focus less on the things that money can resolve and more on the things that any amount of money can’t resolve.
Always something for me to worry about.
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Re: The GOLD scream room

Post by buddtholomew » Fri Jun 15, 2018 11:45 am

Libertarian666 wrote:
Fri Jun 15, 2018 11:38 am
buddtholomew wrote:
Fri Jun 15, 2018 9:38 am
Libertarian666 wrote:
Fri Jun 15, 2018 9:01 am


So if your stocks went down to 0 that would still be better than gold?

Wow, that is terrible!
Yup, and since your buy you’ve stunk it up...too bad.
Yet my 70/30 is up 340K YTD.
How’s your gold YTD?
If you are 70% in stocks and your stocks went down 100%, that would mean you would lose 70% of your portfolio.

Obviously math isn't your strong suit.
I would still have 30% in fixed income which is LTD +.
Gold is LTD -ve.
Last edited by buddtholomew on Fri Jun 15, 2018 11:56 am, edited 2 times in total.
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Re: The GOLD scream room

Post by hardlawjockey » Fri Jun 15, 2018 11:49 am

buddtholomew wrote:
Fri Jun 15, 2018 11:05 am
stuper1 wrote:
Fri Jun 15, 2018 10:51 am
buddtholomew wrote:
Fri Jun 15, 2018 9:38 am


Yup, and since your buy you’ve stunk it up...too bad.
Yet my 70/30 is up 340K YTD.
How’s your gold YTD?
Ok, if I did the math right, that means you, Buddtholomew, have about $12M in your portfolio, and yet you spend your time coming on here to whine about gold's poor performance over the last few years. I'd like to think that if I had that much in my portfolio, I would not be worried about money at all and would find plenty of other things to keep me busy. But, lest you forget so easily, gold saved the decade of 2000 to 2010 for those who held enough to make a difference (sadly not me).
It’s actually closer to 14M.
That explains a lot. At least multi-million dollar market fluctuations are something I'll never have to worry about.
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Re: The GOLD scream room

Post by stuper1 » Fri Jun 15, 2018 12:07 pm

$14M in the bank, and you still come on here to make the rest of us miserable? Come on, man, have a little decency. If you're going to come on here, bring some kind of uplifting quote about the rewards of working hard or living in a great country or something.
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