The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Mon Jul 27, 2020 8:07 pm

Tortoise wrote:
Mon Jul 27, 2020 7:58 pm
Smith1776 wrote:
Mon Jul 27, 2020 7:43 pm
Tortoise wrote:
Mon Jul 27, 2020 6:39 pm
EC0220A0-422A-4333-93EA-A6847884F9F2.gif
Please, please, please post this in the Knuckleheads forum. ;D
Done. :)
LOL. I love how the GIF text is the same as what the previous guy posted.
I still find the James Rickards portfolio fascinating.
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Tortoise
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Re: The GOLD scream room

Post by Tortoise » Mon Jul 27, 2020 8:35 pm

Ad Orientem wrote:
Mon Jul 27, 2020 8:05 pm
Tortoise wrote:
Mon Jul 27, 2020 7:58 pm
Smith1776 wrote:
Mon Jul 27, 2020 7:43 pm
Tortoise wrote:
Mon Jul 27, 2020 6:39 pm
EC0220A0-422A-4333-93EA-A6847884F9F2.gif
Please, please, please post this in the Knuckleheads forum. ;D
Done. :)
?
https://www.bogleheads.org/forum/viewto ... 0#p5397560

Unfortunately, a buzzkill admin removed the displayed GIF and replaced it with a link. Typical tight-ass Knuckleheads. ::)
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Tue Jul 28, 2020 10:22 am

Has anyone decided to harvest some gains in Gold?
I’m well within bands but seems a reasonable time to ring the register.

I know it’s against the rules to mention such things but interested in others thought processes at this time. :)

With all assets performing so well and cash at optimal level already am I best served to just sit tight.

Difficult for me not to advance and protect by selling a bit to cash.
Last edited by buddtholomew on Tue Jul 28, 2020 11:06 am, edited 1 time in total.
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Re: The GOLD scream room

Post by Cortopassi » Tue Jul 28, 2020 11:04 am

Silver is close to hitting the 140% band for me. Gold is not close. I will rebalance if silver hits. Not early.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Tue Jul 28, 2020 11:54 am

buddtholomew wrote:
Tue Jul 28, 2020 10:22 am
Has anyone decided to harvest some gains in Gold?
I definitely would harvest but I'm underweight in gold if I look at (pp+pv), and I'm down to physical only.
You could say I don't have a proper pp anymore. I'm keeping all my coins unless the value gets outrageous.

But again, if I were still holding IAU or PHYS, I'm sure I'd be hitting those rebalancing bands.
RIP Marcello Gandini
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Re: The GOLD scream room

Post by Cortopassi » Tue Jul 28, 2020 12:01 pm

dualstow wrote:
Tue Jul 28, 2020 11:54 am

But again, if I were still holding IAU or PHYS, I'm sure I'd be hitting those rebalancing bands.
Are you sure? Everything has been going up, so I am way far away from any rebalance bands for bonds, stocks and gold, except for silver.

Here's my allocations vs. limits

Image
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dualstow
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Re: The GOLD scream room

Post by dualstow » Tue Jul 28, 2020 3:21 pm

That’s a good point, Corto. I was looking at gold in a vacuum. I’m not sure after all.
Downgrade it to “I’d be tempted to trim.” Which I guess is what I already did very recently when I unloaded all my paper gold. I wanted to get rid of it.
RIP Marcello Gandini
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Re: The GOLD scream room

Post by flyingpylon » Tue Jul 28, 2020 3:29 pm

My dear wife, who pays little to no attention to anything investment related, looked up from her phone last night and asked "What's going on with gold?" :o

Might be an indication of... something. Y'all have been warned!
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Re: The GOLD scream room

Post by Mark Leavy » Tue Jul 28, 2020 5:31 pm

buddtholomew wrote:
Tue Jul 28, 2020 10:22 am
Has anyone decided to harvest some gains in Gold?
Much like tech stocks, I'm a bit overweight on gold right now.
This may be a mistake, but I have a hard time selling gold during a period of rising uncertainty. Gold seems like the one solid anchor of sanity in a crazy world right now. I'm going to let it ride.
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Re: The GOLD scream room

Post by pmward » Tue Jul 28, 2020 5:48 pm

Gold is still cheaper than both stocks and bonds relatively speaking. I don't sell my stocks or bonds the day they hit a new all-time high. I'm certainly not going to do that on gold, especially when I believe gold will be the winner out of the 3 in the 2020's. Has the popular media and robinhood traders jumped on the gold bandwagon in the last week and a half? Absolutely. But it takes more than a week and a half to form a blowoff top. Also, blowoff tops don't finish at the first all-time high in 9 years. That long of a consolidation tends to lead to much, much higher prices before a major peak. At some point gold will correct. I wouldn't be surprised to see it take a pause and consolidate and/or pullback around here before the next leg higher. But I would also be willing to bet that a year from now gold will be higher than it is today. I would also be willing to bet that a few years from now I would be willing to give my left arm to buy gold at today's prices. It's obviously not going to just go up in a straight line to that point. There will be drama, bumps, and bruises along the way. But the bottom line is gold is going higher. I don't think now is the time to sell gold before actually hitting a rebalancing band.
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Re: The GOLD scream room

Post by dualstow » Tue Jul 28, 2020 8:06 pm

MangoMan wrote:
Tue Jul 28, 2020 6:06 pm
A good time to sell is when all those boarded up "Gold for Cash" type stores open up again in droves.
You mean cash for gold?
RIP Marcello Gandini
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Re: The GOLD scream room

Post by mathjak107 » Wed Jul 29, 2020 5:20 am

while all that counts is how you were effected and how much money was acted on over that time frame :

gold is now beating a total market fund and the s&p 500 with dividends over the:

ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .

equities is now only a head the 10 year ...
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Re: The GOLD scream room

Post by Libertarian666 » Wed Jul 29, 2020 6:40 am

mathjak107 wrote:
Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :

gold is now beating a total market fund and the s&p 500 with dividends over the:

ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .

equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
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Re: The GOLD scream room

Post by mathjak107 » Wed Jul 29, 2020 7:14 am

Libertarian666 wrote:
Wed Jul 29, 2020 6:40 am
mathjak107 wrote:
Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :

gold is now beating a total market fund and the s&p 500 with dividends over the:

ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .

equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
you can't eat a stock certificate , a mutual fund statemnt or spend your living room at the supermarket either
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Re: The GOLD scream room

Post by Libertarian666 » Wed Jul 29, 2020 9:52 am

mathjak107 wrote:
Wed Jul 29, 2020 7:14 am
Libertarian666 wrote:
Wed Jul 29, 2020 6:40 am
mathjak107 wrote:
Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :

gold is now beating a total market fund and the s&p 500 with dividends over the:

ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .

equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
you can't eat a stock certificate , a mutual fund statemnt or spend your living room at the supermarket either
Apparently they have never realized that.
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Re: The GOLD scream room

Post by Ad Orientem » Wed Jul 29, 2020 10:53 pm

Looks like PMs are taking a breather after their big run up.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Thu Jul 30, 2020 11:15 am

Ad Orientem wrote:
Wed Jul 29, 2020 10:53 pm
Looks like PMs are taking a breather after their big run up.
along with equities.
RIP Marcello Gandini
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Thu Jul 30, 2020 10:54 pm

Tomorrow is the last trading day of the month! Let's see what gold can do! O0
I still find the James Rickards portfolio fascinating.
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Re: The GOLD scream room

Post by Lonestar » Thu Jul 30, 2020 11:58 pm

Tortoise wrote:
Mon Jul 27, 2020 7:58 pm
Smith1776 wrote:
Mon Jul 27, 2020 7:43 pm
Tortoise wrote:
Mon Jul 27, 2020 6:39 pm
EC0220A0-422A-4333-93EA-A6847884F9F2.gif
Please, please, please post this in the Knuckleheads forum. ;D
Done. :)
Well Tortoise, you must have posted the gif and got yesterday's good gold thread locked! It was great. There were a bunch of posts that presented well spoken, logical, factual reasons for including gold in a portfolio. More than I think I've ever seen on that forum. BUT, it got a little too logical and they locked the thread. Thank goodness there was time to mention guns, ammo, canned beans, and the apocalypse before it got closed.
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Tortoise
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Re: The GOLD scream room

Post by Tortoise » Fri Jul 31, 2020 1:16 am

I think the locked thread is a different one. The one where I posted the GIF is still open:

https://www.bogleheads.org/forum/viewtopic.php?t=301699
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Fri Jul 31, 2020 4:18 am

Daaaayum. O_O

9C96B5E9-7859-4F7C-9B09-65626979A8E7.jpeg
9C96B5E9-7859-4F7C-9B09-65626979A8E7.jpeg (133.88 KiB) Viewed 6499 times
I still find the James Rickards portfolio fascinating.
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Fri Jul 31, 2020 3:15 pm

So it looks like we didn't quite close at $2,000, guys. But we came very close!
I still find the James Rickards portfolio fascinating.
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Re: The GOLD scream room

Post by dualstow » Fri Jul 31, 2020 4:00 pm

Smith1776 wrote:
Fri Jul 31, 2020 3:15 pm
So it looks like we didn't quite close at $2,000, guys. But we came very close!
We’re gonna party like gold’s 1999
RIP Marcello Gandini
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Fri Jul 31, 2020 9:35 pm

ME EXPLAINING TO MY FRIENDS WHY THEY NEED TO BUY GOLD.


1ckxu7.jpg
1ckxu7.jpg (31.46 KiB) Viewed 6318 times


See? I can poke fun at myself. ;D
I still find the James Rickards portfolio fascinating.
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Kriegsspiel
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Re: The GOLD scream room

Post by Kriegsspiel » Sat Aug 01, 2020 6:29 am

I'm more of a

Image

guy, but I like yours too.
You there, Ephialtes. May you live forever.
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