The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Sat Dec 16, 2017 6:56 pm

Libertarian666 wrote:
buddtholomew wrote:What about the coin at 1260...forgot that one eh?
Wow, a $5 loss? That's the end of his plan!
Selective memory is all.
Hey tech, happy Saturday.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Sat Dec 16, 2017 7:31 pm

Libertarian666 wrote:
ochotona wrote:Eventually, as I have more cash, I'll swap it for molecular gold.
Molecular gold? Wow, that sounds very... technological! :D
Elemental?
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Libertarian666
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Re: The GOLD scream room

Post by Libertarian666 » Sat Dec 16, 2017 8:32 pm

buddtholomew wrote:
Libertarian666 wrote:
buddtholomew wrote:What about the coin at 1260...forgot that one eh?
Wow, a $5 loss? That's the end of his plan!
Selective memory is all.
Hey tech, happy Saturday.
Same to you!

BTW, here's one of my recent acquisitions:
Image
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ochotona
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Re: The GOLD scream room

Post by ochotona » Sat Dec 16, 2017 11:10 pm

buddtholomew wrote:What about the coin at 1260...forgot that one eh?
See, that prove my point. It's in my possession, I forgot about it. But the ETFs are like video games, they tempt you to buy or sell.
whatchamacallit
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Re: The GOLD scream room

Post by whatchamacallit » Sun Dec 17, 2017 8:01 am

dualstow wrote:Gold < 1250

The Salvation Army lady dumped my krugerrand right out of her bucket.
j/k O0
http://www.rgj.com/story/news/2017/12/1 ... /956984001
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eufo
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Re: The GOLD scream room

Post by eufo » Sun Dec 17, 2017 11:30 am

ochotona wrote:
buddtholomew wrote:What about the coin at 1260...forgot that one eh?
See, that prove my point. It's in my possession, I forgot about it. But the ETFs are like video games, they tempt you to buy or sell.
This is an interesting, although expected, phenomenon. The less liquid an item is, the less likely we are to be traders. We have been able to liquify objects through our markets that normally would be super illiquid (and the underlying assets truly are, regardless of how many ETFs we have). Gold is fairly liquid for a real asset. Land, is not. But we can buy and sell REITs all day.

It's a weird kind of gamification we have added to "investing".
Don't agree with me too strongly or I'm going to change my mind
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Re: The GOLD scream room

Post by dualstow » Sun Dec 17, 2017 10:23 pm

whatchamacallit wrote:
dualstow wrote:Gold < 1250

The Salvation Army lady dumped my krugerrand right out of her bucket.
j/k O0
http://www.rgj.com/story/news/2017/12/1 ... /956984001
Guess I'm not anon anymore. O0
j/k Not me.
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Re: The GOLD scream room

Post by ochotona » Thu Dec 21, 2017 5:52 pm

Some dumped shares of SGOL right at market close! Down 0.42%, but gold was up. Talk about huge tracking error. Crazy nuts.
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Re: The GOLD scream room

Post by eufo » Thu Dec 21, 2017 6:45 pm

ochotona wrote:Some dumped shares of SGOL right at market close! Down 0.42%, but gold was up. Talk about huge tracking error. Crazy nuts.
Yeah, it seems to take turns that GLD and IAU do not. It'll rebound tomorrow (relatively).
Don't agree with me too strongly or I'm going to change my mind
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Re: The GOLD scream room

Post by whatchamacallit » Tue Dec 26, 2017 3:38 pm

For some reason, the feeling in the air today has me really liking gold as a safe haven. It is not perfect but I can't think of a better worldly insurance policy.

I was really hating it just a month or so ago.

Edit:
Of course this means that it is about to really tank hard. So probably a good time to sell.
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Re: The GOLD scream room

Post by farjean2 » Tue Dec 26, 2017 4:25 pm

whatchamacallit wrote:For some reason, the feeling in the air today has me really liking gold as a safe haven. It is not perfect but I can't think of a better worldly insurance policy.

I was really hating it just a month or so ago.

Edit:
Of course this means that it is about to really tank hard. So probably a good time to sell.
No offense intended to anyone but what does the "feeling in the air today" have to do with the permanent portfolio? Or whatever it was you were hating a month ago for that matter?

I read Harry Browne's book and also Craig and MT's and my impression was that the whole point of the portfolio was that it had a track record of doing well over the long haul and it would therefore free up your time and energy for other pursuits. I could be wrong but it seems to me that if you are going to keep second guessing and checking in every day then maybe this isn't the portfolio for you.

Just sayin'. Maybe some people need to make a New Years resolution not to check so often.
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ochotona
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Re: The GOLD scream room

Post by ochotona » Tue Dec 26, 2017 6:06 pm

It's the scream room let people let off steam
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Re: The GOLD scream room

Post by ochotona » Tue Dec 26, 2017 7:57 pm

ochotona wrote:It's the scream room let people let off steam
It's interesting that every December now, 2015, 2016, and now 2017 we make higher lows. Maybe the bottom is in, December 2015. I said maybe.
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Re: The GOLD scream room

Post by Libertarian666 » Tue Dec 26, 2017 9:04 pm

ochotona wrote:
ochotona wrote:It's the scream room let people let off steam
It's interesting that every December now, 2015, 2016, and now 2017 we make higher lows. Maybe the bottom is in, December 2015. I said maybe.
I think it is.

But I advise no one to act on my opinion. I have terrible timing.
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Re: The GOLD scream room

Post by Cortopassi » Tue Dec 26, 2017 9:40 pm

farjean2 wrote:
whatchamacallit wrote:For some reason, the feeling in the air today has me really liking gold as a safe haven. It is not perfect but I can't think of a better worldly insurance policy.

I was really hating it just a month or so ago.

Edit:
Of course this means that it is about to really tank hard. So probably a good time to sell.
No offense intended to anyone but what does the "feeling in the air today" have to do with the permanent portfolio? Or whatever it was you were hating a month ago for that matter?

I read Harry Browne's book and also Craig and MT's and my impression was that the whole point of the portfolio was that it had a track record of doing well over the long haul and it would therefore free up your time and energy for other pursuits. I could be wrong but it seems to me that if you are going to keep second guessing and checking in every day then maybe this isn't the portfolio for you.

Just sayin'. Maybe some people need to make a New Years resolution not to check so often.
It's something about gold. Shiny. Mesmerizing. Real, in your hands. Elicits more emotion. But I agree, I have been checking the PP much less lately, and guess what, it just keeps on chugging without me looking 8 times a day!
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Re: The GOLD scream room

Post by dualstow » Thu Dec 28, 2017 9:41 am

ochotona wrote:It's the scream room let people let off steam
The Gold Steam Room, further down the hall.
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Re: The GOLD scream room

Post by Libertarian666 » Fri Dec 29, 2017 9:30 am

Don't look now, but gold is over $1300 at the moment. That's up about $150 for 2017, for about a 13% increase for the year.

Sure, the stock market has done even better, about 20% as measured by the S&P 500 excluding dividends, so probably around 22% including them.

T-bonds seem to be up about 8% YTD on a total return basis.

If we assume that cash has had a yield of 1% this year, the HBPP should be up roughly 11% for the year.

Not too shabby, right?
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Re: The GOLD scream room

Post by Cortopassi » Fri Dec 29, 2017 9:31 am

Not shabby at all. A good year. I'll take 10 more of these please...

Happy New Year!
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Re: The GOLD scream room

Post by Libertarian666 » Tue Jan 02, 2018 1:40 pm

At the present rate of increase YTD, compounded daily, gold will be at $3800 by the end of this year!
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Re: The GOLD scream room

Post by PP67 » Tue Jan 02, 2018 3:31 pm

And at this rate I will break even by April 1st... (No kidding!)
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Re: The GOLD scream room

Post by Cortopassi » Tue Jan 02, 2018 4:00 pm

Libertarian666 wrote:At the present rate of increase YTD, compounded daily, gold will be at $3800 by the end of this year!
It was supposed to wait until I could rebalance my IRA contributions into it, dammit!
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Re: The GOLD scream room

Post by ochotona » Wed Jan 03, 2018 5:45 pm

Someone is trying to beat gold down this afternoon.
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Re: The GOLD scream room

Post by buddtholomew » Wed Jan 03, 2018 7:50 pm

The latest FED minutes were released and gold dropped like a ton of gold. Rebounded nicely.
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Re: The GOLD scream room

Post by dualstow » Wed Jan 24, 2018 8:45 am

Do I hear 1350?
hey-oooooooohhhh!!
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Re: The GOLD scream room

Post by Cortopassi » Wed Jan 24, 2018 10:20 am

dualstow wrote:Do I hear 1350?
hey-oooooooohhhh!!
We are here once again, My physical gold return since I started buying in 2008 is dead even (sigh...)
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