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Re: The GOLD scream room
Posted: Mon Jul 27, 2020 8:07 pm
by Smith1776
Tortoise wrote: ↑Mon Jul 27, 2020 7:58 pm
Smith1776 wrote: ↑Mon Jul 27, 2020 7:43 pm
Tortoise wrote: ↑Mon Jul 27, 2020 6:39 pm
EC0220A0-422A-4333-93EA-A6847884F9F2.gif
Please, please, please post this in the Knuckleheads forum.
Done.
LOL. I love how the GIF text is the same as what the previous guy posted.
Re: The GOLD scream room
Posted: Mon Jul 27, 2020 8:35 pm
by Tortoise
Ad Orientem wrote: ↑Mon Jul 27, 2020 8:05 pm
Tortoise wrote: ↑Mon Jul 27, 2020 7:58 pm
Smith1776 wrote: ↑Mon Jul 27, 2020 7:43 pm
Tortoise wrote: ↑Mon Jul 27, 2020 6:39 pm
EC0220A0-422A-4333-93EA-A6847884F9F2.gif
Please, please, please post this in the Knuckleheads forum.
Done.
?
https://www.bogleheads.org/forum/viewto ... 0#p5397560
Unfortunately, a buzzkill admin removed the displayed GIF and replaced it with a link. Typical tight-ass Knuckleheads.
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 10:22 am
by buddtholomew
Has anyone decided to harvest some gains in Gold?
I’m well within bands but seems a reasonable time to ring the register.
I know it’s against the rules to mention such things but interested in others thought processes at this time.
With all assets performing so well and cash at optimal level already am I best served to just sit tight.
Difficult for me not to advance and protect by selling a bit to cash.
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 11:04 am
by Cortopassi
Silver is close to hitting the 140% band for me. Gold is not close. I will rebalance if silver hits. Not early.
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 11:54 am
by dualstow
buddtholomew wrote: ↑Tue Jul 28, 2020 10:22 am
Has anyone decided to harvest some gains in Gold?
I definitely would harvest but I'm underweight in gold if I look at (pp+pv), and I'm down to physical only.
You could say I don't have a proper pp anymore. I'm keeping all my coins unless the value gets outrageous.
But again, if I were still holding IAU or PHYS, I'm sure I'd be hitting those rebalancing bands.
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 12:01 pm
by Cortopassi
dualstow wrote: ↑Tue Jul 28, 2020 11:54 am
But again, if I were still holding IAU or PHYS, I'm sure I'd be hitting those rebalancing bands.
Are you sure? Everything has been going up, so I am way far away from any rebalance bands for bonds, stocks and gold, except for silver.
Here's my allocations vs. limits
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 3:21 pm
by dualstow
That’s a good point, Corto. I was looking at gold in a vacuum. I’m not sure after all.
Downgrade it to “I’d be tempted to trim.” Which I guess is what I already did very recently when I unloaded all my paper gold. I wanted to get rid of it.
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 3:29 pm
by flyingpylon
My dear wife, who pays little to no attention to anything investment related, looked up from her phone last night and asked "What's going on with gold?"
Might be an indication of... something. Y'all have been warned!
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 5:31 pm
by Mark Leavy
buddtholomew wrote: ↑Tue Jul 28, 2020 10:22 am
Has anyone decided to harvest some gains in Gold?
Much like tech stocks, I'm a bit overweight on gold right now.
This may be a mistake, but I have a hard time selling gold during a period of rising uncertainty. Gold seems like the one solid anchor of sanity in a crazy world right now. I'm going to let it ride.
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 5:48 pm
by pmward
Gold is still cheaper than both stocks and bonds relatively speaking. I don't sell my stocks or bonds the day they hit a new all-time high. I'm certainly not going to do that on gold, especially when I believe gold will be the winner out of the 3 in the 2020's. Has the popular media and robinhood traders jumped on the gold bandwagon in the last week and a half? Absolutely. But it takes more than a week and a half to form a blowoff top. Also, blowoff tops don't finish at the first all-time high in 9 years. That long of a consolidation tends to lead to much, much higher prices before a major peak. At some point gold will correct. I wouldn't be surprised to see it take a pause and consolidate and/or pullback around here before the next leg higher. But I would also be willing to bet that a year from now gold will be higher than it is today. I would also be willing to bet that a few years from now I would be willing to give my left arm to buy gold at today's prices. It's obviously not going to just go up in a straight line to that point. There will be drama, bumps, and bruises along the way. But the bottom line is gold is going higher. I don't think now is the time to sell gold before actually hitting a rebalancing band.
Re: The GOLD scream room
Posted: Tue Jul 28, 2020 8:06 pm
by dualstow
MangoMan wrote: ↑Tue Jul 28, 2020 6:06 pm
A good time to sell is when all those boarded up "Gold for Cash" type stores open up again in droves.
You mean cash for gold?
Re: The GOLD scream room
Posted: Wed Jul 29, 2020 5:20 am
by mathjak107
while all that counts is how you were effected and how much money was acted on over that time frame :
gold is now beating a total market fund and the s&p 500 with dividends over the:
ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .
equities is now only a head the 10 year ...
Re: The GOLD scream room
Posted: Wed Jul 29, 2020 6:40 am
by Libertarian666
mathjak107 wrote: ↑Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :
gold is now beating a total market fund and the s&p 500 with dividends over the:
ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .
equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
Re: The GOLD scream room
Posted: Wed Jul 29, 2020 7:14 am
by mathjak107
Libertarian666 wrote: ↑Wed Jul 29, 2020 6:40 am
mathjak107 wrote: ↑Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :
gold is now beating a total market fund and the s&p 500 with dividends over the:
ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .
equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
you can't eat a stock certificate , a mutual fund statemnt or spend your living room at the supermarket either
Re: The GOLD scream room
Posted: Wed Jul 29, 2020 9:52 am
by Libertarian666
mathjak107 wrote: ↑Wed Jul 29, 2020 7:14 am
Libertarian666 wrote: ↑Wed Jul 29, 2020 6:40 am
mathjak107 wrote: ↑Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :
gold is now beating a total market fund and the s&p 500 with dividends over the:
ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .
equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
you can't eat a stock certificate , a mutual fund statemnt or spend your living room at the supermarket either
Apparently they have never realized that.
Re: The GOLD scream room
Posted: Wed Jul 29, 2020 10:53 pm
by Ad Orientem
Looks like PMs are taking a breather after their big run up.
Re: The GOLD scream room
Posted: Thu Jul 30, 2020 11:15 am
by dualstow
Ad Orientem wrote: ↑Wed Jul 29, 2020 10:53 pm
Looks like PMs are taking a breather after their big run up.
along with equities.
Re: The GOLD scream room
Posted: Thu Jul 30, 2020 10:54 pm
by Smith1776
Tomorrow is the last trading day of the month! Let's see what gold can do!
Re: The GOLD scream room
Posted: Thu Jul 30, 2020 11:58 pm
by Lonestar
Tortoise wrote: ↑Mon Jul 27, 2020 7:58 pm
Smith1776 wrote: ↑Mon Jul 27, 2020 7:43 pm
Tortoise wrote: ↑Mon Jul 27, 2020 6:39 pm
EC0220A0-422A-4333-93EA-A6847884F9F2.gif
Please, please, please post this in the Knuckleheads forum.
Done.
Well Tortoise, you must have posted the gif and got yesterday's good gold thread locked! It was great. There were a bunch of posts that presented well spoken, logical, factual reasons for including gold in a portfolio. More than I think I've ever seen on that forum. BUT, it got a little too logical and they locked the thread. Thank goodness there was time to mention guns, ammo, canned beans, and the apocalypse before it got closed.
Re: The GOLD scream room
Posted: Fri Jul 31, 2020 1:16 am
by Tortoise
I think the locked thread is a different one. The one where I posted the GIF is still open:
https://www.bogleheads.org/forum/viewtopic.php?t=301699
Re: The GOLD scream room
Posted: Fri Jul 31, 2020 4:18 am
by Smith1776
Daaaayum. O_O
- 9C96B5E9-7859-4F7C-9B09-65626979A8E7.jpeg (133.88 KiB) Viewed 6502 times
Re: The GOLD scream room
Posted: Fri Jul 31, 2020 3:15 pm
by Smith1776
So it looks like we didn't quite close at $2,000, guys. But we came very close!
Re: The GOLD scream room
Posted: Fri Jul 31, 2020 4:00 pm
by dualstow
Smith1776 wrote: ↑Fri Jul 31, 2020 3:15 pm
So it looks like we didn't quite close at $2,000, guys. But we came very close!
We’re gonna party like gold’s 1999
Re: The GOLD scream room
Posted: Fri Jul 31, 2020 9:35 pm
by Smith1776
ME EXPLAINING TO MY FRIENDS WHY THEY NEED TO BUY GOLD.
- 1ckxu7.jpg (31.46 KiB) Viewed 6321 times
See? I can poke fun at myself.
Re: The GOLD scream room
Posted: Sat Aug 01, 2020 6:29 am
by Kriegsspiel
I'm more of a
guy, but I like yours too.