Gold, What is it Good For?

Discussion of the Gold portion of the Permanent Portfolio

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buddtholomew
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Re: Gold, What is it Good For?

Post by buddtholomew » Wed Oct 03, 2018 1:17 pm

pugchief wrote:
Wed Oct 03, 2018 12:35 pm
buddtholomew wrote:
Wed Oct 03, 2018 10:07 am
pugchief wrote:
Tue Oct 02, 2018 3:53 pm
For all of you haters (talking to you Budd), note that GLD was up solid today, TLT was also up, with stocks down. Just sayin'.
Well that lasted about 1 day.
Take a look at BH Madsinger’s monthly post and you will see the the PP is DEAD LAST of all portfolios tracked over a healthy time frame. It’s just not good.
I don't doubt it; the PP always lags in a bull market.
Lags to the point where it makes no sense to ever hold.
The PP to me now is like every other investing approach that underperforms a traditional 60/40 allocation.
Protecting yourself from losses incurs the greatest losses of all...lost opportunity.
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Re: Gold, What is it Good For?

Post by dualstow » Wed Oct 03, 2018 2:37 pm

Gold, what is it good for?
buddtholomew wrote:
Thu Sep 20, 2018 10:48 am
Absolutely nothing.
Say it again? O0
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buddtholomew
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Re: Gold, What is it Good For?

Post by buddtholomew » Wed Oct 03, 2018 3:03 pm

dualstow wrote:
Wed Oct 03, 2018 2:37 pm
Gold, what is it good for?
buddtholomew wrote:
Thu Sep 20, 2018 10:48 am
Absolutely nothing.
Say it again? O0
Sorry, I know.
Still hold Gold and LTT’s so want them to go up but man everyone else wants them to go down.
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Re: Gold, What is it Good For?

Post by dualstow » Wed Oct 03, 2018 4:43 pm

I’m fine with gold, Budd, and your comments. I was just making a joke about the song.
https://m.youtube.com/watch?v=-dKAX7Jp8wo
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buddtholomew
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Re: Gold, What is it Good For?

Post by buddtholomew » Wed Oct 03, 2018 5:23 pm

dualstow wrote:
Wed Oct 03, 2018 4:43 pm
I’m fine with gold, Budd, and your comments. I was just making a joke about the song.
https://m.youtube.com/watch?v=-dKAX7Jp8wo
Yeah, I got it later after rereading.
Good song.
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Re: Gold, What is it Good For?

Post by technovelist » Sun Oct 14, 2018 8:11 am

pugchief wrote:
Fri Sep 07, 2018 9:39 am
Probably, no one here doesn't already know this, but
If you had a time machine to go back to 1970 and were able to see the future, you would absolutely add gold to a sixty forty portfolio of stocks and bonds. ... The 60/40 and the 40/40/20 end up with roughly the same terminal value, but the portfolio that includes gold had significantly lower drawdowns
Gold, What is it Good For?
That shows a great lack of imagination.

If I had a time machine, I could do a lot better than that. :D
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Re: Gold, What is it Good For?

Post by I Shrugged » Sun Oct 14, 2018 6:02 pm

I think if a person decided to hold X ounces of gold and not include it in investment portfolio gains & losses, they might be less worked up about it. Outside of the PP world, I think that's how most gold owners look at it. They might be speculators, but I bet most of them see it as standing alone.
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Re: Gold, What is it Good For?

Post by stuper1 » Fri Nov 16, 2018 9:16 am

It's clear that many central banks hold a lot of gold. I'm not quite clear on what that means for a personal investor. Should I look at it that if the central banks hold it, then it should be good for me too? Or that the two cases are completely different? And why? For the record, I like gold and hold gold.
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Re: Gold, What is it Good For?

Post by boglerdude » Sat Nov 17, 2018 9:53 pm

Do you need to move billions between countries? :)
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Re: Gold, What is it Good For?

Post by Xan » Sat Nov 17, 2018 10:36 pm

Just interjecting here that stuper1 was replying to a spammer whose posts all got deleted. So he didn't bring up central banking and their ownership of gold out of whole cloth: the spam post contained what appeared to be quite an on-topic question about that.

This was really quite a sophisticated spambot: it registered and posted in a number of threads, in a way that was not-quite-suspicious enough to warrant a ban. (That's quite an achievement, really.) The thing that really made me think it wasn't a spammer was that there was no attempt to point people to a URL. That's usually a giveaway.

Well, this one made all those posts and then latter added a sig to its account, containing a spammy URL. Said URL then showed up at the bottom of all its earlier posts. Very clever indeed.
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Re: Gold, What is it Good For?

Post by dualstow » Sun Nov 18, 2018 6:13 am

I didn’t even know URLs were allowed in sigs. Craig used to ban them and I suppose I never checked after he moved on.
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Re: Gold, What is it Good For?

Post by l82start » Sun Nov 18, 2018 7:10 am

Xan wrote:
Sat Nov 17, 2018 10:36 pm
Just interjecting here that stuper1 was replying to a spammer whose posts all got deleted. So he didn't bring up central banking and their ownership of gold out of whole cloth: the spam post contained what appeared to be quite an on-topic question about that.

This was really quite a sophisticated spambot: it registered and posted in a number of threads, in a way that was not-quite-suspicious enough to warrant a ban. (That's quite an achievement, really.) The thing that really made me think it wasn't a spammer was that there was no attempt to point people to a URL. That's usually a giveaway.

Well, this one made all those posts and then latter added a sig to its account, containing a spammy URL. Said URL then showed up at the bottom of all its earlier posts. Very clever indeed.
that’s not the first of those we have seen.. backward url posting, and human to beat captcha then handed over to bots spammers are the toughest to spot..
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Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
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