The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Sun Sep 08, 2019 10:55 pm

‘Gold is the way to go’ as interest rates fall, says Mark Mobius
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.

From here...
https://www.cnbc.com/2019/09/09/mark-mo ... rates.html
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Re: The GOLD scream room

Post by Smith1776 » Mon Sep 09, 2019 1:19 am

A3B56EEF-9A4C-46C5-9A22-3DDE7B7388B0.jpeg
A3B56EEF-9A4C-46C5-9A22-3DDE7B7388B0.jpeg (39.64 KiB) Viewed 5661 times
“On balance, the financial system subtracts value from society.”
― John C. Bogle
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Mon Sep 09, 2019 11:53 pm

Gold has dipped below $1500 oz and silver has fallen below $18 oz. in overnight trading.
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Thu Sep 12, 2019 9:00 am

Gold is quite volatile!
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Re: The GOLD scream room

Post by pugchief » Thu Sep 12, 2019 9:03 am

Cortopassi wrote:
Thu Sep 12, 2019 9:00 am
Gold is quite volatile!
And in other news, the sun rises in the east! ;D
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Re: The GOLD scream room

Post by Cortopassi » Thu Sep 12, 2019 11:49 am

Well, that didn't last long.
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » 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.
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Re: The GOLD scream room

Post by dualstow » 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.
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Re: The GOLD scream room

Post by Cortopassi » Mon Sep 16, 2019 7:58 am

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.
If I (we?) have learned anything with gold over the past few years is that it reacts quickly to these types of world events, and reacts just as quickly back down. Not looking to day trade here! If gold hasn't hit bands or it's not my yearly rebalance, I am not trading. But that's me.
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Re: The GOLD scream room

Post by ochotona » Sun Sep 22, 2019 4:51 pm

Newmont plans for success at a $900 gold price.

https://youtu.be/d7wTjo4avCE
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Re: The GOLD scream room

Post by boglerdude » Mon Sep 23, 2019 2:17 am

Wouldnt gold work better as money if there were no mining? Its supposed to be a stable benchmark against which to price everything else
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Re: The GOLD scream room

Post by dualstow » Mon Sep 23, 2019 7:19 am

ochotona wrote:
Sun Sep 22, 2019 4:51 pm
Newmont plans for success at a $900 gold price.

https://youtu.be/d7wTjo4avCE
The other day I read
Many companies, including the world’s largest gold miner, Newmont Goldcorp Corp., say they will only approve new projects if they can make money with gold at $1,200, about 20% below where the metal currently trades.
https://www.wsj.com/articles/as-gold-pr ... 1569144601
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