The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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Tortoise
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Re: The GOLD scream room

Post by Tortoise » 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. ;D
Done. :)
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Re: The GOLD scream room

Post by Ad Orientem » 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. ;D
Done. :)

?
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Mon Jul 27, 2020 8:07 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. ;D
Done. :)
LOL. I love how the GIF text is the same as what the previous guy posted.
PP + VP + Bank Cash + Physical Bullion
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Tortoise
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Re: The GOLD scream room

Post by Tortoise » Mon Jul 27, 2020 8:35 pm

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. ;D
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. ::)
infant (n.): from Latin infans “not able to speak”, from in- "not, opposite of” + fans, present participle of fari “to speak”
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Tue Jul 28, 2020 10:22 am

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.
Last edited by buddtholomew on Tue Jul 28, 2020 11:06 am, edited 1 time in total.
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Tue Jul 28, 2020 11:04 am

Silver is close to hitting the 140% band for me. Gold is not close. I will rebalance if silver hits. Not early.
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Re: The GOLD scream room

Post by dualstow » Tue Jul 28, 2020 11:54 am

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.
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Re: The GOLD scream room

Post by Cortopassi » Tue Jul 28, 2020 12:01 pm

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

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Re: The GOLD scream room

Post by dualstow » Tue Jul 28, 2020 3:21 pm

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.
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Re: The GOLD scream room

Post by flyingpylon » Tue Jul 28, 2020 3:29 pm

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?" :o

Might be an indication of... something. Y'all have been warned!
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Re: The GOLD scream room

Post by Mark Leavy » Tue Jul 28, 2020 5:31 pm

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.
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Re: The GOLD scream room

Post by pmward » Tue Jul 28, 2020 5:48 pm

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.
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