The GOLD scream room

[eufo]

Makes me sick to ever have found this portfolio.

Right? I'm the dumbest smart person I know.

[buddtholomew]

I challenge you to find someone dumber than me.

[dualstow]

I challenge you to find someone dumber than me.

Right here, buddy

[buddtholomew]

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.

[Cortopassi]

Reminds me next time to take profits in Gold

Except for a few hours during the Brexit vote, my gold holdings have been in the red since 2013...

Sure would like to see it go above and stay above $1350 in my lifetime again...

[Mr Vacuum]

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.

[dualstow]

Except for a few hours during the Brexit vote, my gold holdings have been in the red since 2013...

2011 for me. Fires in Birmingham, UK.
But hey, Libertarian666 was virtually all gold and doing ok.

[Cortopassi]

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.

[dualstow]

What rise- oh. Cool.

[eufo]

I'd say cha-ching, but I'm too negative.

[dualstow]

Why do some of those cheesy gold ads on tv say they're selling gold "at cost" ?
Isn't that false advertising?

[buddtholomew]

DS, no posting in this chat unless Gold is +/- 2%.
I'm running out of my heart medication

[dualstow]

DS, no posting in this chat unless Gold is +/- 2%.
I'm running out of my heart medication

apologies

[farjean2]

DS, no posting in this chat unless Gold is +/- 2%.
I'm running out of my heart medication

apologies

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?

Not trying to mock. Just asking a serious question.

[Cortopassi]

Damn good question. Because it is hard earned money, and by golly gold is only supposed to ever go up!

[dualstow]

Why do some of those cheesy gold ads on tv say they're selling gold "at cost" ?
Isn't that false advertising?

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?

[Cortopassi]

"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.

[dualstow]

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]

DS, no posting in this chat unless Gold is +/- 2%.
I'm running out of my heart medication

apologies

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?

I feel the same way about fantasy football.

[dualstow]

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.

[eufo]

Today is the first day I've ever been a truly proud gold owner...

[ochotona]

Kim Jong Un probably has people trading for him offshore.

[dualstow]

Man, there are a lot of Yodas here.

[Libertarian666]

Except for a few hours during the Brexit vote, my gold holdings have been in the red since 2013...

2011 for me. Fires in Birmingham, UK.
But hey, Libertarian666 was virtually all gold and doing ok.

Yes, and I still am.

[Cortopassi]

Oh my...that was a quick bounce back...