Re: The GOLD scream room
Posted: Fri Aug 23, 2019 1:53 pm
Goooooollllldddd!!
Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=5&t=4654
dualstow wrote: ↑Tue Aug 27, 2019 11:27 amJust minutes ago, I removed a long ingrown beard whisker AND got rid of IAU in my 401(k) above breakeven.
The two experiences felt rather the same.
(I still believe in holding 25% gold in the pp. This is just a move to holding all physical).
P.S. ^Love that Dean scream, Kriegs.^
sophie wrote: ↑Tue Aug 27, 2019 8:23 pmGood luck with getting your money out of LIvely! It can be done, but it was like pulling teeth. Be prepared to spend hours on the phone repeatedly, and expect the process to take around 3 months (which is how long it took for me). I'm sure they have seen a lot of their accounts go to Fidelity. It will definitely be simpler if you liquidate the TDA account and transfer the cash into Lively, rather than attempting an in-kind transfer.
Dualstow: all physical, eh?? Wow!! Didn't know you were hardcore.
Tied with Palladium.
If something is illegal, then criminals are the ones who will supply it.boglerdude wrote: ↑Thu Sep 05, 2019 3:59 am"The growing demand for gold as a conductive metal used in phones and other electronic products has helped spawn a deadly illegal trade that’s harder to track than other black-market commodities like blood diamonds or drugs."
https://www.nytimes.com/2019/08/30/the- ... ombia.html
Yep, except instead of the same day over and over again, we're alternating between Groundhog Day and....let's call the other one Sweathog Day.Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 amOnce again, all is right with the world, US and China are going to meet...Groundhog Day.
Very interesting!boglerdude wrote: ↑Thu Sep 05, 2019 3:59 am"The growing demand for gold as a conductive metal used in phones and other electronic products has helped spawn a deadly illegal trade that’s harder to track than other black-market commodities like blood diamonds or drugs."
https://www.nytimes.com/2019/08/30/the- ... ombia.html
I didn't understand your response to this one tech. In fact, reading up from the bottom of this page, I thought it was about drugs and not gold. Isn't it not a case of something being banned outright, but that there are illegal, unlicensed operations running alongside legal ones? And furthermore, it's happening in an environment where criminals are more powerful than a stable government.Libertarian666 wrote: ↑Thu Sep 05, 2019 6:36 amIf something is illegal, then criminals are the ones who will supply it.
In other news, water is wet.
Gold and long Treasuries will be under assault for a while...Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 amOnce again, all is right with the world, US and China are going to meet...Groundhog Day.
My response was to the implication that gold is somehow tainted by the fact that criminals are apparently involved in its extraction in Columbia. This is of course an absurd proposition.dualstow wrote: ↑Thu Sep 05, 2019 9:29 amVery interesting!boglerdude wrote: ↑Thu Sep 05, 2019 3:59 am"The growing demand for gold as a conductive metal used in phones and other electronic products has helped spawn a deadly illegal trade that’s harder to track than other black-market commodities like blood diamonds or drugs."
https://www.nytimes.com/2019/08/30/the- ... ombia.html
I didn't understand your response to this one tech. In fact, reading up from the bottom of this page, I thought it was about drugs and not gold. Isn't it not a case of something being banned outright, but that there are illegal, unlicensed operations running alongside legal ones? And furthermore, it's happening in an environment where criminals are more powerful than a stable government.Libertarian666 wrote: ↑Thu Sep 05, 2019 6:36 amIf something is illegal, then criminals are the ones who will supply it.
In other news, water is wet.
When something becomes very valuable, be it metal, oil, refined coca leaves or a rare and purportedly healthful fungus growing in Asia, criminals are going to get involved, parallel to legal suppliers which may or may not exist.
"Assault" might be a bit extreme of a term. Both assets are due for a consolidation. This doesn't mean the long term uptrend is in danger for either. As we speak, even though both are having an ugly day, there is still 0 technical damage done to either chart. I don't see any need to provoke fear about both assets right now.ochotona wrote: ↑Thu Sep 05, 2019 9:40 amGold and long Treasuries will be under assault for a while...Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 amOnce again, all is right with the world, US and China are going to meet...Groundhog Day.