The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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ochotona
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Re: The GOLD scream room

Post by ochotona » Wed Mar 21, 2018 7:11 pm

Mr Vacuum
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Re: The GOLD scream room

Post by Mr Vacuum » Fri Mar 23, 2018 12:50 pm

It's working today, budd!!!
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Re: The GOLD scream room

Post by Cortopassi » Fri Mar 23, 2018 2:57 pm

Sure is!

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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Fri Mar 23, 2018 3:03 pm

I guess...
Gold closed at the lows + 1.3 with the S&P down 2.1%. TLT was down so nothing magical.
70/30 allocation is bruised but to be expected. After today, both 70/30 and PP should be down about the same YTD.
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Re: The GOLD scream room

Post by Mr Vacuum » Fri Mar 23, 2018 6:34 pm

Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).
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Re: The GOLD scream room

Post by buddtholomew » Fri Mar 23, 2018 6:40 pm

Mr Vacuum wrote:Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).
I can’t let the team down now ;)
The benefits of holding a PP over an equity-centric portfolio are becoming much more evident as my variant of the PP is 1/5 the volatility of the 70/30 over the last couple days.
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Re: The GOLD scream room

Post by Libertarian666 » Sat Mar 24, 2018 2:00 pm

buddtholomew wrote:
Mr Vacuum wrote:Classic, budd. I spoke too soon while the stocks loss was smaller. But corto is also right on: gold is still tops on the YTD (and has been the 3mo leader all month).
I can’t let the team down now ;)
The benefits of holding a PP over an equity-centric portfolio are becoming much more evident as my variant of the PP is 1/5 the volatility of the 70/30 over the last couple days.
Glad to hear that you are finally seeing some benefits!
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Ugly_Bird
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Re: The GOLD scream room

Post by Ugly_Bird » Sat Mar 24, 2018 3:49 pm

Libertarian666 wrote: Glad to hear that you are finally seeing some benefits!
Just wait a little. :-)
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Re: The GOLD scream room

Post by dualstow » Mon Mar 26, 2018 10:25 am

Doesn't warrant its own thread, but here's an opinion piece from the WSJ on metal tariffs, gold and fiat money. (Really the latter two).
I am not for or against it; just think of me as a bot responsible for bringing gold-related articles here.
I made an archive so you should be able to read it without a subscription.

http://archive.is/d3eES
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Re: The GOLD scream room

Post by buddtholomew » Wed Mar 28, 2018 9:10 am

So sad, but expected for sure.
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Re: The GOLD scream room

Post by Cortopassi » Wed Apr 11, 2018 10:40 am

Just a little happy screaming here...

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Re: The GOLD scream room

Post by Cortopassi » Thu Apr 12, 2018 9:24 am

Well, SO glad the latest WWIII crisis has been averted...at least until tomorrow.

What an amazing change in volatility 2018 has brought.
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Re: The GOLD scream room

Post by buddtholomew » Thu Apr 12, 2018 11:55 am

That’s the PP for you.
Gold and Treasuries selling off post false positive crisis.
I feel even more confident holding a higher percentage in equities.
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Re: The GOLD scream room

Post by ochotona » Thu Apr 12, 2018 9:16 pm

Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.
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Re: The GOLD scream room

Post by dualstow » Thu Apr 12, 2018 9:39 pm

ochotona wrote:Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.
Did they give a reason for that (maximum) percentage?
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ochotona
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Re: The GOLD scream room

Post by ochotona » Thu Apr 12, 2018 10:04 pm

dualstow wrote:
ochotona wrote:Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.
Did they give a reason for that (maximum) percentage?
No reason given. Here's the article:

https://www.schwab.com/resource-center/ ... cmp=em-QYD
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Re: The GOLD scream room

Post by Libertarian666 » Thu Apr 19, 2018 12:55 pm

dualstow wrote:
ochotona wrote:Schwab just published a note to clients suggesting as much as 9% of a portfolio could be devoted to gold. I've never heard that from them before.
Did they give a reason for that (maximum) percentage?
It's less than 10%? ;)
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ochotona
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Re: The GOLD scream room

Post by ochotona » Thu Apr 19, 2018 5:00 pm

9% is huge for Schwab
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Re: The GOLD scream room

Post by dualstow » Thu Apr 19, 2018 7:42 pm

Yeah, it does seem large for Schwab. I've never used them, but I grew up knowing who Charles Schwab was and just associate them with stocks.
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ochotona
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Re: The GOLD scream room

Post by ochotona » Wed May 02, 2018 6:11 am

Buy the dip?
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ochotona
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Re: The GOLD scream room

Post by ochotona » Tue May 08, 2018 1:27 pm

Jesse Felder is talking about gold on his podcast. I'm looking forward to hearing it.

https://thefelderreport.com/2018/05/08/ ... licy-gold/
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Re: The GOLD scream room

Post by buddtholomew » Wed May 09, 2018 12:33 pm

Desert wrote:
Tue May 08, 2018 9:52 pm
ochotona wrote:
Thu Apr 19, 2018 5:00 pm
9% is huge for Schwab
I wonder if it would be ok to round up to 10%.....
It’s actually 9.99% pure Au
;D
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Re: The GOLD scream room

Post by Xan » Wed May 09, 2018 9:05 pm

Desert wrote:
Wed May 09, 2018 8:46 pm
buddtholomew wrote:
Wed May 09, 2018 12:33 pm
Desert wrote:
Tue May 08, 2018 9:52 pm


I wonder if it would be ok to round up to 10%.....
It’s actually 9.99% pure Au
;D
;D
Mine's 99 44/100% pure.
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ochotona
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Re: The GOLD scream room

Post by ochotona » Sat May 12, 2018 8:09 pm

Honest to God, I don't even remember this conversation, but I logged it in Facebook on 5/7/2011

"About a week or two ago I told a young fellow that silver was going hyperbolic, to sell his silver holdings. I don't think he listened to me."
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Re: The GOLD scream room

Post by Cortopassi » Mon May 14, 2018 1:32 pm

I am officially past gold. Silly cliff dive charts like this don't even bother me anymore. It's just another asset.

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