The GOLD scream room

[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...

[buddtholomew]

Sold some gold +16% gain and bought SCV yesterday to rebalance. IAU outperformed SCV by .02% but they both went up over 1%

Drool...

[buddtholomew]

Just wanted to add I am at peace with the decision to sell some gold. I probably would have held if not in an IRA to avoid taxes. Still 26% in PP and 7.5% overall.

[Cortopassi]

Shouldn't ever worry about taking a gain!

Happy Labor Day

[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.

Finally happened last week! I won't be able to trade for a few weeks. Hope things don't get too crazy...unless it's crazy up of course.

Budd: peace of mind is priceless. I look forward to selling my worst etfs at breakeven someday.

[buddtholomew]

I have to laugh at Gold today.
Who cares that NK fired another missile over Japan.
Move along, nothing to see here...
On your way out, pick up some stocks as they're sure to go higher.
I bet my portfolio we close above 2500 on S&P.

[Libertarian666]

I have to laugh at Gold today.
Who cares that NK fired another missile over Japan.
Move along, nothing to see here...
On your way out, pick up some stocks as they're sure to go higher.
I bet my portfolio we close above 2500 on S&P.

I think you should go with a Bogleheads portfolio. Preferably 200% long in stocks, since they always go up!

(Note: )

[buddtholomew]

I bet my portfolio we close above 2500 on S&P.

S&P 500 2500.23

That's all I need to know this market is fixed.
I don't care, cleaning up until the music stops.

[dualstow]

Years 2000 to 2010: S&P 500 merely broke even. For a decade, many a Budd wished she or he had bought something other than srocks.

[buddtholomew]

I'm not complaining at all DS and recall that period quite well although I had little invested until 2008.

PP is doing great on the year and I have the 65//35 BH portfolio with 50% international. VWILX, my main holding is up almost 40% YTD.

[dualstow]

Glad to hear it!

[buddtholomew]

Everything is pretty much positive YTD, so its easy to feel like a genius...
I know myself enough to keep the money I can't afford to lose in the PP and the balance in equities.
Sometimes being aggressive gets the job done and other times being defensive gets the job done.
Its a win, win :-)

[ochotona]

I have limit buy orders at $1260