Everyone who has been waiting can now buy gold!

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

Post Reply
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Everyone who has been waiting can now buy gold!

Post by Libertarian666 » Wed Mar 22, 2017 3:09 pm

I just sold a bunch and will be paying off my mortgage, so it is almost certain to skyrocket!
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

Re: Everyone who has been waiting can now buy gold!

Post by buddtholomew » Wed Mar 22, 2017 3:52 pm

yet deep down inside you want it to crater...
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: Everyone who has been waiting can now buy gold!

Post by Libertarian666 » Wed Mar 22, 2017 7:17 pm

Hardly. I still have 50% or so in gold.
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

Re: Everyone who has been waiting can now buy gold!

Post by buddtholomew » Wed Mar 22, 2017 7:26 pm

Good.
Thought you were getting soft on us.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14235
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: Everyone who has been waiting can now buy gold!

Post by dualstow » Wed Mar 22, 2017 7:49 pm

I just wish we could pay each other in gold & silver. It's no fun converting into that dirty cotton and linen first.
RIP Daniel Kahneman | Happy Good Friday
User avatar
Tyler
Executive Member
Executive Member
Posts: 2066
Joined: Sat Nov 12, 2011 3:23 pm
Contact:

Re: Everyone who has been waiting can now buy gold!

Post by Tyler » Thu Mar 23, 2017 10:24 am

Gold for bricks is a good trade. Congrats on paying off the mortgage!
Kbg
Executive Member
Executive Member
Posts: 2815
Joined: Fri May 23, 2014 4:18 pm

Re: Everyone who has been waiting can now buy gold!

Post by Kbg » Thu Mar 23, 2017 11:04 am

Libertarian666 wrote:I just sold a bunch and will be paying off my mortgage, so it is almost certain to skyrocket!
Hah! You overestimate your super powers in the universe. I just added some UGLD to my VP PP which defeats your selling power and guarantees it will go down. ;)
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: Everyone who has been waiting can now buy gold!

Post by Libertarian666 » Thu Mar 23, 2017 12:22 pm

buddtholomew wrote:Good.
Thought you were getting soft on us.
After holding through a 30 year slump, and buying more in 1999, not very likely!
farjean2
Executive Member
Executive Member
Posts: 284
Joined: Thu Feb 23, 2017 12:51 am

Re: Everyone who has been waiting can now buy gold!

Post by farjean2 » Thu Mar 23, 2017 2:50 pm

Libertarian666 wrote:I just sold a bunch and will be paying off my mortgage, so it is almost certain to skyrocket!
It just occurred to me that I could actually pay off my mortgage by selling gold. Unlike you I would probably have to sell ALL of it, but at least I'm at a point that I could do it if I had to.

(Think I'll hang on to the mortgage for now but it was a nice thought).
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: Everyone who has been waiting can now buy gold!

Post by Libertarian666 » Thu Mar 23, 2017 5:30 pm

farjean2 wrote:
Libertarian666 wrote:I just sold a bunch and will be paying off my mortgage, so it is almost certain to skyrocket!
It just occurred to me that I could actually pay off my mortgage by selling gold. Unlike you I would probably have to sell ALL of it, but at least I'm at a point that I could do it if I had to.

(Think I'll hang on to the mortgage for now but it was a nice thought).
I bought my house in 1998, so waiting this long to pay off my mortgage has definitely reduced the amount of gold needed to pay it off!
User avatar
dualstow
Executive Member
Executive Member
Posts: 14235
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: Everyone who has been waiting can now buy gold!

Post by dualstow » Fri Mar 24, 2017 12:55 pm

I wonder, how well does gold have to do to make past gold purchases worthwhile?

For those who bought in to the S&P at 2000 (the year, not the value), things looked pretty dismal around 2010, with a net gain of zero. But things have really picked up since then.

I first got into gold in 2010 but bought more in the early Tens at a higher price. It would be a big relief if I could just break even, but it would be silly to just sell everything off at breakeven. It would be like selling my S&P shares in 2010.

Libertarian666 obviously bought in earlier. I wonder, for most of us to rebalance at 35%, does gold have to triple? Quadruple?
RIP Daniel Kahneman | Happy Good Friday
Post Reply