Re: The GOLD scream room
Posted: Sun Sep 12, 2021 9:15 am
Exactly.
Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=5&t=4654
You should have mega remorse for not loading up on Bitcoin 10-12 years ago.buddtholomew wrote: ↑Fri Sep 10, 2021 1:02 pmThe problem is the opportunity cost.dualstow wrote: ↑Fri Sep 10, 2021 1:01 pmA CAGR of 6-7%? That doesn’t sound so bad.buddtholomew wrote: ↑Fri Sep 10, 2021 12:56 pmWhat a useless asset.
I’ve held for 10-12 years and doubled my money.
Selling today.
Over that time I would have quadrupled my money.
Within the confines of the 4 HBPP assets.I Shrugged wrote: ↑Mon Sep 13, 2021 2:04 pmYou should have mega remorse for not loading up on Bitcoin 10-12 years ago.buddtholomew wrote: ↑Fri Sep 10, 2021 1:02 pmThe problem is the opportunity cost.dualstow wrote: ↑Fri Sep 10, 2021 1:01 pmA CAGR of 6-7%? That doesn’t sound so bad.buddtholomew wrote: ↑Fri Sep 10, 2021 12:56 pmWhat a useless asset.
I’ve held for 10-12 years and doubled my money.
Selling today.
Over that time I would have quadrupled my money.
Forgive me if I seem overly critical but.....buddtholomew wrote: ↑Mon Sep 13, 2021 2:06 pmWithin the confines of the 4 HBPP assets.I Shrugged wrote: ↑Mon Sep 13, 2021 2:04 pmYou should have mega remorse for not loading up on Bitcoin 10-12 years ago.buddtholomew wrote: ↑Fri Sep 10, 2021 1:02 pmThe problem is the opportunity cost.dualstow wrote: ↑Fri Sep 10, 2021 1:01 pmA CAGR of 6-7%? That doesn’t sound so bad.buddtholomew wrote: ↑Fri Sep 10, 2021 12:56 pmWhat a useless asset.
I’ve held for 10-12 years and doubled my money.
Selling today.
Over that time I would have quadrupled my money.
Don’t insult me by calling me intelligentvincent_c wrote: ↑Mon Sep 13, 2021 5:46 pmSometimes I don’t know if he is being serious. There seems to be an intelligent person there somewhere, but then there seems to be an inability to understand the most basic of concepts that lead us all here. However, there seems to be an acceptance if you know what I mean.
Like he knows how and why it works, he accepts it and even would in certain scenarios invest in it yet he cannot come to terms that it is in fact one of the, if not the best approach.
I kind of like that mix, actually. The Budd Gold Light Portfolio. Seriously, you get still have enough of the defensive assets to cushion a stock massacre. And enough stocks to hopefully satisfy your desire to be more equity heavy.buddtholomew wrote: ↑Mon Sep 13, 2021 6:02 pmMy personal allocation is 45/15/20/20 s/g/b/c which seems more appropriate for me. I’d love to divest out of gold even further but the taxes are quite ridiculous.
HAHA, “Budd Light Gold” is actually a beer that if found would grant you 2 tickets to the Super Bowl.barrett wrote: ↑Mon Sep 13, 2021 6:35 pmI kind of like that mix, actually. The Budd Gold Light Portfolio. Seriously, you get still have enough of the defensive assets to cushion a stock massacre. And enough stocks to hopefully satisfy your desire to be more equity heavy.buddtholomew wrote: ↑Mon Sep 13, 2021 6:02 pmMy personal allocation is 45/15/20/20 s/g/b/c which seems more appropriate for me. I’d love to divest out of gold even further but the taxes are quite ridiculous.
I think we sometimes forget that this is the gold SCREAM room. The rest of us should maybe have a gold resignation room.
I only back tested from 2006 due to limited IAU data, but the Budd Light Gold has a Sharpe Ratio of 1.04 as compared to 0.80 for a traditional 60/40 portfolio. More Budd flavor ("Fucking Gold!!!") with 30% less risk!buddtholomew wrote: ↑Mon Sep 13, 2021 7:55 pmHAHA, “Budd Light Gold” is actually a beer that if found would grant you 2 tickets to the Super Bowl.barrett wrote: ↑Mon Sep 13, 2021 6:35 pmI kind of like that mix, actually. The Budd Gold Light Portfolio. Seriously, you get still have enough of the defensive assets to cushion a stock massacre. And enough stocks to hopefully satisfy your desire to be more equity heavy.buddtholomew wrote: ↑Mon Sep 13, 2021 6:02 pmMy personal allocation is 45/15/20/20 s/g/b/c which seems more appropriate for me. I’d love to divest out of gold even further but the taxes are quite ridiculous.
I think we sometimes forget that this is the gold SCREAM room. The rest of us should maybe have a gold resignation room.
Love it!
I hold it because:buddtholomew wrote: ↑Tue Sep 14, 2021 10:15 amIt’s a love/hate relationship...
It seems lower interest rates drive gold higher and not inflationary pressures. Is that why I hold gold? Is that why you do?
All good reasons to hold gold.Mark Leavy wrote: ↑Tue Sep 14, 2021 10:47 amI hold it because:buddtholomew wrote: ↑Tue Sep 14, 2021 10:15 amIt’s a love/hate relationship...
It seems lower interest rates drive gold higher and not inflationary pressures. Is that why I hold gold? Is that why you do?
a) It is uncorrelated with stocks, bonds, cash and real estate.
b) It can be held outside of the financial system
c) It is a store of value with a history of surviving any known type of economic collapse.
Other than that, not much reason to hold gold.
Alien invasion, zombie apocalypse, WW III?
2M in Au would correspond to about 8M in PP... or 320k a year at 4% withdrawal rate. LOL, no need to talk there but enjoy life :-)buddtholomew wrote: ↑Thu Sep 16, 2021 8:57 amWhen you have 2M in piece of shit gold then we can talk.
I don’t understand this at all since the amount of stocks I hold has nothing to do with whether I own gold.vincent_c wrote: ↑Thu Sep 16, 2021 1:00 pmAre you able to hold as much stocks if you didn't hold gold?buddtholomew wrote: ↑Thu Sep 16, 2021 12:26 pmThe problem with arguing against gold is that neither this site nor the Permanent Portfolio would continue to exist.
It’s just not worth the headache anymore.
I don’t care if it doubles from here, it would have to quadruple to match my stock returns.
10+ years of heartache for nothing.
REITs +30% YTD, gold down double digits.
Inflation protection my ass.
If you can, you're doing yourself a disservice by holding gold. You hold gold so you can allocate a higher % of your wealth into stocks so someone who only held cash might have a risk tolerance that tells them they can only hold 50% stocks, but if they held 25% gold they might be able to allocated 75% to stocks. Don't you understand that?
You don't have an opportunity cost because you would never have taken the risks.
I just ordered coins yesterday before the big drop. Glad I only ordered 2. It won’t make much of a difference in the long run.Cortopassi wrote: ↑Thu Sep 16, 2021 11:11 amAs usual (but I check less and less) for whatever pulled out of the ass reason gold gets walloped today. Just as it was deciding to peek back above $1800.
And let's not even talk silver. You want to talk about a black hole that hasn't seen $30 in 8 years.
I remember in the past you said something about not being able to relax. Something like, one always wants more, need to ensure a good life for the kids, etc. It’s clear you own enough stocks that you’re not going to go broke, and I think that should make it easier to hold gold for the long term, knowing that, like fire insurance, it might never come to the rescue in your lifetime. But it’s there.buddtholomew wrote: ↑Thu Sep 16, 2021 1:50 pmthe amount of stocks I hold has nothing to do with whether I own gold.
ALOLvincent_c wrote: ↑Thu Sep 16, 2021 8:31 pmI finally understand why you don’t understand then.buddtholomew wrote: ↑Thu Sep 16, 2021 1:50 pmI don’t understand this at all since the amount of stocks I hold has nothing to do with whether I own gold.