Right? I'm the dumbest smart person I know.buddtholomew wrote:Makes me sick to ever have found this portfolio.
The GOLD scream room
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Re: The GOLD scream room
Don't agree with me too strongly or I'm going to change my mind
- buddtholomew
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Re: The GOLD scream room
I challenge you to find someone dumber than me.
- dualstow
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Re: The GOLD scream room
Right here, buddybuddtholomew wrote:I challenge you to find someone dumber than me.
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Re: The GOLD scream room
Takes bow and exists stage right...
Leave on a good note...
Reminds me next time to take profits in Gold and Treasuries when they arise.
I considered it this go-around but the $ amounts aren't large enough to warrant trading (e.g. remove 100K to cash from 500K Gold holding and it moves down 10%, your 100K lost 0K but your 400K lost 40K. You end up savings yourself 10K/500K or a 2% loss but you still lost 40K or 8% of total, incl. cash.). Just doesn't seem worthwhile.
Leave on a good note...
Reminds me next time to take profits in Gold and Treasuries when they arise.
I considered it this go-around but the $ amounts aren't large enough to warrant trading (e.g. remove 100K to cash from 500K Gold holding and it moves down 10%, your 100K lost 0K but your 400K lost 40K. You end up savings yourself 10K/500K or a 2% loss but you still lost 40K or 8% of total, incl. cash.). Just doesn't seem worthwhile.
Last edited by buddtholomew on Tue Aug 15, 2017 8:34 pm, edited 1 time in total.
- Cortopassi
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Re: The GOLD scream room
Except for a few hours during the Brexit vote, my gold holdings have been in the red since 2013...buddtholomew wrote:Reminds me next time to take profits in Gold
Sure would like to see it go above and stay above $1350 in my lifetime again...
Re: The GOLD scream room
I doubt other portfolios would be less maddening overall, but gold is the worst asset to watch. My backtest spreadsheet shows 52% positive months between January 1971 and April 2016. Back and forth, back and forth. And, yes, budd, it really stinks when gold and bonds are tracking together.
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Re: The GOLD scream room
2011 for me. Fires in Birmingham, UK.Cortopassi wrote:
Except for a few hours during the Brexit vote, my gold holdings have been in the red since 2013...
But hey, Libertarian666 was virtually all gold and doing ok.
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Re: The GOLD scream room
And the rise is now attributed to Trump disbanding the CEO group, at least on a couple sites. Sure. Ok. I'll take it anyway.
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Re: The GOLD scream room
What rise- oh. Cool.
Re: The GOLD scream room
I'd say cha-ching, but I'm too negative.
Don't agree with me too strongly or I'm going to change my mind
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Re: The GOLD scream room
Why do some of those cheesy gold ads on tv say they're selling gold "at cost" ?
Isn't that false advertising?
Isn't that false advertising?
- buddtholomew
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Re: The GOLD scream room
DS, no posting in this chat unless Gold is +/- 2%.
I'm running out of my heart medication
I'm running out of my heart medication
- dualstow
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Re: The GOLD scream room
apologiesbuddtholomew wrote:DS, no posting in this chat unless Gold is +/- 2%.
I'm running out of my heart medication
Re: The GOLD scream room
If you know that watching the price of gold can be bad for your heart and you also know that you have no control over the price of gold, then I have to ask why do you even do it?dualstow wrote:apologiesbuddtholomew wrote:DS, no posting in this chat unless Gold is +/- 2%.
I'm running out of my heart medication
Not trying to mock. Just asking a serious question.
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Re: The GOLD scream room
Damn good question. Because it is hard earned money, and by golly gold is only supposed to ever go up!
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Re: The GOLD scream room
Well as long is this thread is officially open this afternoon without the 2% price jump, does anyone know the answer to the question above?dualstow wrote:Why do some of those cheesy gold ads on tv say they're selling gold "at cost" ?
Isn't that false advertising?
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Re: The GOLD scream room
"At cost" seems pretty nebulous. "Spot price" would be more concrete.
What is their "cost?"
Does their "cost" include advertising, salaries, storage, shipping, insurance, etc. I bet all those are built into the price ("cost")/ -- but I haven't seen any ads.
What is their "cost?"
Does their "cost" include advertising, salaries, storage, shipping, insurance, etc. I bet all those are built into the price ("cost")/ -- but I haven't seen any ads.
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Re: The GOLD scream room
Thanks for the reply. Yeah, it's weird. I mean obviously they're not running a charity, and I wonder what goes through the mind of the senior citizens who are being targeted by these ads. The one I saw this morning said a coin was US$129. Must be 1/10 of an ounce. And, once you get on the phone, there are probably multiple fees.
- Kriegsspiel
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Re: The GOLD scream room
I feel the same way about fantasy football.farjean2 wrote:If you know that watching the price of gold can be bad for your heart and you also know that you have no control over the price of gold, then I have to ask why do you even do it?dualstow wrote:apologiesbuddtholomew wrote:DS, no posting in this chat unless Gold is +/- 2%.
I'm running out of my heart medication
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Re: The GOLD scream room
Is there a word for when your bond gains and gold losses match up? I'm rapidly approaching that pleasant situation for the first time in a long time. It's like planets aligning.
Re: The GOLD scream room
Today is the first day I've ever been a truly proud gold owner...
Don't agree with me too strongly or I'm going to change my mind
Re: The GOLD scream room
Kim Jong Un probably has people trading for him offshore.
- dualstow
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Re: The GOLD scream room
Man, there are a lot of Yodas here.
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Re: The GOLD scream room
Yes, and I still am.dualstow wrote:2011 for me. Fires in Birmingham, UK.Cortopassi wrote:
Except for a few hours during the Brexit vote, my gold holdings have been in the red since 2013...
But hey, Libertarian666 was virtually all gold and doing ok.
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Re: The GOLD scream room
Oh my...that was a quick bounce back...