The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

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.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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
RIP Marcello Gandini
Don
Executive Member
Executive Member
Posts: 286
Joined: Fri Apr 21, 2017 6:21 pm

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?
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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.
RIP Marcello Gandini
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3501
Joined: Fri Apr 21, 2017 6:01 pm

Re: The GOLD scream room

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

Stoncks fell and gold rose. Talk about gyroscopic!
I still find the James Rickards portfolio fascinating.
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

Re: The GOLD scream room

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

Bitcoin sell-off = Gold’s benefit
User avatar
Ugly_Bird
Executive Member
Executive Member
Posts: 230
Joined: Sun Mar 08, 2015 8:06 pm

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%
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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.
RIP Marcello Gandini
modeljc
Executive Member
Executive Member
Posts: 271
Joined: Sat Feb 04, 2012 11:52 am

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.
User avatar
ochotona
Executive Member
Executive Member
Posts: 3353
Joined: Fri Jan 30, 2015 5:54 am

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.
modeljc
Executive Member
Executive Member
Posts: 271
Joined: Sat Feb 04, 2012 11:52 am

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.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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.
RIP Marcello Gandini
User avatar
mathjak107
Executive Member
Executive Member
Posts: 4456
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

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
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

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.
User avatar
mathjak107
Executive Member
Executive Member
Posts: 4456
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

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
SomeDude
Executive Member
Executive Member
Posts: 1080
Joined: Sun Nov 22, 2020 1:45 am

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.
User avatar
Ugly_Bird
Executive Member
Executive Member
Posts: 230
Joined: Sun Mar 08, 2015 8:06 pm

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! :-)
User avatar
Vil
Executive Member
Executive Member
Posts: 423
Joined: Wed Jan 01, 2020 10:16 am

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 ..
User avatar
Kriegsspiel
Executive Member
Executive Member
Posts: 4052
Joined: Sun Sep 16, 2012 5:28 pm

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 ..
Image
You there, Ephialtes. May you live forever.
User avatar
Cortopassi
Executive Member
Executive Member
Posts: 3338
Joined: Mon Feb 24, 2014 2:28 pm
Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html

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

Image
User avatar
Vil
Executive Member
Executive Member
Posts: 423
Joined: Wed Jan 01, 2020 10:16 am

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)
TIPS.jpg
TIPS.jpg (102.08 KiB) Viewed 7582 times
User avatar
mathjak107
Executive Member
Executive Member
Posts: 4456
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

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
User avatar
dualstow
Executive Member
Executive Member
Posts: 14225
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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.
...
RIP Marcello Gandini
User avatar
Vil
Executive Member
Executive Member
Posts: 423
Joined: Wed Jan 01, 2020 10:16 am

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....)
User avatar
Cortopassi
Executive Member
Executive Member
Posts: 3338
Joined: Mon Feb 24, 2014 2:28 pm
Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html

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

Image

Image
Post Reply