The GOLD scream room
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- buddtholomew
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Re: The GOLD scream room
Bought some IAU at 17.04 today to restore AA.
- dualstow
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Re: The GOLD scream room
Nice to see gold moving in the other direction from stocks today, i.e. up. +US$50
RIP Marcello Gandini
- dualstow
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Re: The GOLD scream room
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
Re: The GOLD scream room
Stoncks fell and gold rose. Talk about gyroscopic!
I still find the James Rickards portfolio fascinating.
- buddtholomew
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Re: The GOLD scream room
Bitcoin sell-off = Gold’s benefit
Re: The GOLD scream room
Good point. That should happen sometimes this year.
Depends when BTC drops 70-80%
- dualstow
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Re: The GOLD scream room
Gold is down 4-frickin-%.
Might have to buy some this month.
Might have to buy some this month.
RIP Marcello Gandini
Re: The GOLD scream room
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.
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.
Re: The GOLD scream room
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.
- dualstow
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Re: The GOLD scream room
I’ll keep beating the drum: gold is part of a package.
RIP Marcello Gandini
- mathjak107
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Re: The GOLD scream room
Crazy how a gold rally in the morning ended up down by the close
- buddtholomew
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Re: The GOLD scream room
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.
Been reducing allocation to stocks for several weeks now.
- mathjak107
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Re: The GOLD scream room
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
Re: The GOLD scream room
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.
I define cheap as:
GSR under 70
S&P to gold over 1.7
Both are true right now.
Re: The GOLD scream room
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 ? Just asking out of curiosity ..
- Kriegsspiel
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- Cortopassi
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Re: The GOLD scream room
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!
Re: The GOLD scream room
Agree on PP. I will become TIPS investor (TIPS are cool and heard they are expected to be even more cool this year )Cortopassi wrote: ↑Tue Feb 02, 2021 2:46 pmthere is nothing that ever goes up all the time, except stocks! Screw this pp thing. I am going 100% stocks!
- mathjak107
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Re: The GOLD scream room
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
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
- dualstow
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Re: The GOLD scream room
My edit:
mathjak107 wrote: ↑Tue Feb 02, 2021 3:28 pmWhich means odds are inflation fears were over done and tipsBogleheads holding TIPS get stuck holding the hot potato.
...
RIP Marcello Gandini
Re: The GOLD scream room
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....)mathjak107 wrote: ↑Tue Feb 02, 2021 3:28 pmWe have had trillions and trillions pumped into the economy
- Cortopassi
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