Gyroscopic Investing

dualstow wrote: ↑Thu Aug 29, 2019 2:45 pm Well, gold is back down to earth. I cannot decide if I'd rather have it go up or down at this point.
I think I have achieved nirvana.

Libertarian666 wrote: ↑Tue Sep 03, 2019 7:17 pm$1548.

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

Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 am Once again, all is right with the world, US and China are going to meet...Groundhog Day.

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

Libertarian666 wrote: ↑Thu Sep 05, 2019 6:36 am If something is illegal, then criminals are the ones who will supply it.
In other news, water is wet.

Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 am Once again, all is right with the world, US and China are going to meet...Groundhog Day.

dualstow wrote: ↑Thu Sep 05, 2019 9:29 am

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

Very interesting!

Libertarian666 wrote: ↑Thu Sep 05, 2019 6:36 am If something is illegal, then criminals are the ones who will supply it.
In other news, water is wet.

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.

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.

ochotona wrote: ↑Thu Sep 05, 2019 9:40 am

Cortopassi wrote: ↑Thu Sep 05, 2019 8:17 am Once again, all is right with the world, US and China are going to meet...Groundhog Day.

Gold and long Treasuries will be under assault for a while...

ochotona wrote: ↑Fri Sep 06, 2019 4:55 am I keep having purely good luck. Sold my Newmont Goldcorp and SIVR out of my HSA a few days ago, because am moving the HSA, but now prices are down, so I could rebuy at lower levels. Please don't recover before the cash moves over to Fidelity...

Mark Mobius, the founding partner of Mobius Capital Partners, recommends that investors hold 10% of their portfolios in physical gold, and invest the rest in dividend yielding equities.
In the first half of this year, central banks bought 374 metric tons of gold, according to the World Gold Council. That was the largest net increase for the first half of the year since at least 2000.
China’s central has been adding to its gold reserves for eight straight months since December, scooping up another 10 metric tons of the yellow metal in July, according to data from the People’s Bank of China.

Ad Orientem wrote: ↑Sun Sep 15, 2019 4:39 pm Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.

dualstow wrote: ↑Sun Sep 15, 2019 5:27 pm

Ad Orientem wrote: ↑Sun Sep 15, 2019 4:39 pm Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.

I would buy at 1300/oz. That has nothing to do with analysis (although you all know I’m a huge fan), but it would be a good spot for lowering my avg cost.

Hoping to be rid of my BP shares on Monday, but it probably won’t happen. KSA seems to have everything under control.