Gyroscopic Investing

Posted: **Thu Mar 05, 2020 9:41 am**

Gold: worthless
a Hundred-Year Nap: Priceless

Posted: **Thu Mar 05, 2020 11:48 am**

Jeffrey Gundlach just said that gold is near all-time highs with other currencies, and that he expects it will hit an all-time high relative to the dollar. (cnbc)

Posted: **Thu Mar 05, 2020 12:39 pm**

Xan wrote: ↑Thu Mar 05, 2020 9:22 am
Cortopassi wrote: ↑Thu Mar 05, 2020 8:17 am A century from now we can be getting all our power from Mr. Fusion, and making our own food in our 3D food printer in the kitchen. Farmland is all national parks and Exxon is long gone.

Meanwhile I've cornered the market for gold jewelry for 100 years and am a gazillionaire. I also give tours of the shiny metal cube for $10 a pop.
Wasn't there a Twilight Zone episode where some robbers with stolen gold put themselves into suspended animation for 100 years, then try to hike through the desert to civilization with their gold? They die along the way. A passerby later finds them and notes that all the gold has been worthless since it was discovered how to manufacture it artificially.

It's hard to predict the future!

Yes. Good episode!

https://en.wikipedia.org/wiki/The_Rip_Van_Winkle_Caper

Posted: **Thu Mar 05, 2020 3:17 pm**

I can't recall ever seeing a 45 degree up and to the right like this, without some dip along the way. I don't know whether that is good or bad, but good for today.

Posted: **Sun Mar 08, 2020 5:59 pm**

$1700 on Kitco.

Posted: **Sun Mar 08, 2020 6:37 pm**

Libertarian666 wrote: ↑Sun Mar 08, 2020 5:59 pm $1700 on Kitco.

Whoa!

Posted: **Sun Mar 08, 2020 7:38 pm**

And and stock future and oil futures are absolutely tanking. Going to be another fun, exciting day tomorrow, haha.

Posted: **Sun Mar 08, 2020 10:20 pm**

dualstow wrote: ↑Sun Mar 08, 2020 6:37 pm
Libertarian666 wrote: ↑Sun Mar 08, 2020 5:59 pm $1700 on Kitco.
Whoa!

Yeee ha!!!!!!!!!! Hang on tight everyone, here we go!

Just don't panic, is all. Ignore the pundits, keep that dry powder handy and your fingers away from the "trade" button.

Posted: **Mon Mar 09, 2020 2:47 am**

Meanwhile, down under....

https://www.youtube.com/watch?v=e6N2oOT ... dex=4&t=0s
(happy I come across the PP nearly 10 years ago!)

Posted: **Mon Mar 09, 2020 3:26 am**

sophie wrote: ↑Sun Mar 08, 2020 10:20 pm
dualstow wrote: ↑Sun Mar 08, 2020 6:37 pm
Libertarian666 wrote: ↑Sun Mar 08, 2020 5:59 pm $1700 on Kitco.
Whoa!
Yeee ha!!!!!!!!!! Hang on tight everyone, here we go!

Just don't panic, is all. Ignore the pundits, keep that dry powder handy and your fingers away from the "trade" button.

Back down to up only $3 on the day, at $1676.

Posted: **Mon Mar 09, 2020 8:59 am**

Libertarian666 wrote: ↑Mon Mar 09, 2020 3:26 am Back down to up only $3 on the day, at $1676.

Yeah, we've officially hit that public "SELL EVERYTHING!!!" point in the meltdown.

Posted: **Mon Mar 09, 2020 9:03 am**

pmward wrote: ↑Mon Mar 09, 2020 8:59 am
Libertarian666 wrote: ↑Mon Mar 09, 2020 3:26 am Back down to up only $3 on the day, at $1676.
Yeah, we've officially hit that public "SELL EVERYTHING!!!" point in the meltdown.

Except bonds?

Posted: **Mon Mar 09, 2020 9:07 am**

Cortopassi wrote: ↑Mon Mar 09, 2020 9:03 am
pmward wrote: ↑Mon Mar 09, 2020 8:59 am
Libertarian666 wrote: ↑Mon Mar 09, 2020 3:26 am Back down to up only $3 on the day, at $1676.
Yeah, we've officially hit that public "SELL EVERYTHING!!!" point in the meltdown.
Except bonds?

Money has to go somewhere, and usually in those sell everything panic modes it winds up in bonds.

Posted: **Thu Mar 12, 2020 7:22 am**

Hopefully bonds provide a little buffer today, doesn't look like gold will.

Posted: **Thu Mar 12, 2020 9:36 am**

Shows what I can predict, but I really thought gold might take off with this panic selling, oil prices plummeting, global pandemic thing we've got going on.

So far, not at all.

Posted: **Thu Mar 12, 2020 10:13 am**

mdwilson1991 wrote: ↑Thu Mar 12, 2020 9:36 am Shows what I can predict, but I really thought gold might take off with this panic selling, oil prices plummeting, global pandemic thing we've got going on.

So far, not at all.

There are always way more factors that affect markets than you think. Gold itself may be more valuable than ever, but leveraged stock investors also have to sell something to cover their margin calls. But given enough time, secondary factors will run their course and things will work out.

In the meantime, everything is relative. When stocks are hitting circuit breakers, modest gold losses feel like great bargains.

Posted: **Thu Mar 12, 2020 11:42 am**

Tyler wrote: ↑Thu Mar 12, 2020 10:13 am
mdwilson1991 wrote: ↑Thu Mar 12, 2020 9:36 am Shows what I can predict, but I really thought gold might take off with this panic selling, oil prices plummeting, global pandemic thing we've got going on.

So far, not at all.
There are always way more factors that affect markets than you think. Gold itself may be more valuable than ever, but leveraged stock investors also have to sell something to cover their margin calls. But given enough time, secondary factors will run their course and things will work out.

In the meantime, everything is relative. When stocks are hitting circuit breakers, modest gold losses feel like great bargains.

Especially since gold is still in positive territory for the year.
So far, anyway.

Posted: **Fri Mar 13, 2020 11:35 am**

As I'm writing this, gold is still up about 1% YTD.
And these must be end times, because I've recently sold about 10% of my gold holdings at prices about $100 above where we are right now.
Not because I thought this would happen, but just to have lots of cash because I'm possibly going to buy a house later this year.

Posted: **Sun Mar 15, 2020 4:27 pm**

Here we go...

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program...
https://www.cnbc.com/2020/03/15/federal ... ogram.html

Posted: **Sun Mar 15, 2020 4:39 pm**

this could go either way .... it basically is saying we are in deep doo doo ...

it could be bad for stocks and bad for gold and long term bonds ..... finding buyers at these rates may be tough for bonds ... and margin calls may see both hammered

Posted: **Sun Mar 15, 2020 4:44 pm**

Ad Orientem wrote: ↑Sun Mar 15, 2020 4:27 pm Here we go...

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program...
https://www.cnbc.com/2020/03/15/federal ... ogram.html

Wow!

Posted: **Sun Mar 15, 2020 4:55 pm**

mathjak107 wrote: ↑Sun Mar 15, 2020 4:39 pm this could go either way .... it basically is saying we are in deep doo doo ...

it could be bad for stocks and bad for gold and long term bonds ..... finding buyers at these rates may be tough for bonds ... and margin calls may see both hammered

I'm going to guess that gold is going to the moon after a possible dive due to margin calls on stocks.
Bonds, I don't know about, because the interest rate cut may be opposed by devaluation of the dollar.

Posted: **Sun Mar 15, 2020 5:01 pm**

Inflation worries for bonds ... I mean who wants to buy a 30 year bond paying 1.50% and the govt spending another almost trillion dollars

Posted: **Sun Mar 15, 2020 5:04 pm**

Gold opened up 24 ...stocks down 600

Posted: **Sun Mar 15, 2020 5:38 pm**

mathjak107 wrote: ↑Sun Mar 15, 2020 5:04 pm Gold opened up 24 ...stocks down 600

Stock futures have suspended trading... currently down 1041

Gyroscopic Investing

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