Gold, What is it Good For?

Discussion of the Gold portion of the Permanent Portfolio

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Tyler
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Re: Gold, What is it Good For?

Post by Tyler » Fri Sep 07, 2018 9:48 am

With all the reflexive gold hate out there, it's always refreshing to see a balanced article like this one. And coming from someone in the Ritholtz loop will get a lot of attention. It's a good day for gold education. :)
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buddtholomew
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Re: Gold, What is it Good For?

Post by buddtholomew » Thu Sep 20, 2018 10:48 am

Absolutely nothing.
Dollar up or down, gold is down or flat like a pancake.
What a waste of time and energy.
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Re: Gold, What is it Good For?

Post by sandesPalev » Wed Sep 26, 2018 4:05 am

Hi, just join the forum.
In my country, gold are still best investment since the Government maintain a good quality of Gold. Beside, Gold are used for wear-able accessories by women in here. ;D
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Re: Gold, What is it Good For?

Post by dualstow » Tue Oct 02, 2018 1:46 pm

sandesPalev wrote:
Wed Sep 26, 2018 4:05 am
Hi, just join the forum.
In my country, gold are still best investment since the Government maintain a good quality of Gold. Beside, Gold are used for wear-able accessories by women in here. ;D
I'll take a guess...Bulgaria?
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Re: Gold, What is it Good For?

Post by buddtholomew » Tue Oct 02, 2018 5:02 pm

MangoMan 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'.
Noted fine sir.
It’s a rarety so we should not forget.
Last edited by buddtholomew on Tue Oct 02, 2018 7:16 pm, edited 1 time in total.
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Re: Gold, What is it Good For?

Post by Ugly_Bird » Tue Oct 02, 2018 5:15 pm

dualstow wrote:
Tue Oct 02, 2018 1:46 pm
sandesPalev wrote:
Wed Sep 26, 2018 4:05 am
Hi, just join the forum.
In my country, gold are still best investment since the Government maintain a good quality of Gold. Beside, Gold are used for wear-able accessories by women in here. ;D
I'll take a guess...Bulgaria?
Guessing India.
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Re: Gold, What is it Good For?

Post by dualstow » Tue Oct 02, 2018 6:30 pm

The description certainly sounds like India. I’m just guessing based on the name.
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Re: Gold, What is it Good For?

Post by buddtholomew » Wed Oct 03, 2018 10:07 am

MangoMan 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.
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Re: Gold, What is it Good For?

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

MangoMan wrote:
Wed Oct 03, 2018 12:35 pm
buddtholomew wrote:
Wed Oct 03, 2018 10:07 am
MangoMan 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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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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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 Libertarian666 » Sun Oct 14, 2018 8:11 am

MangoMan 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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Re: Gold, What is it Good For?

Post by Don » Sun Nov 18, 2018 8:43 am

So what exactly is a spambot?

Is it a person or a machine or something in between?
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Re: Gold, What is it Good For?

Post by l82start » Sun Nov 18, 2018 12:03 pm

mostly its a program set up to sign up for forums and post advertisements/links, because of the preventative measures to keep them out, the sign up and first few posts are sometimes preformed by a human who then turns the account over to a program (aka spam bot)
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Re: Gold, What is it Good For?

Post by Jeffreyalan » Sun Nov 18, 2018 6:42 pm

The question asked a few posts back is a good one. If Central Banks hold almost 20% of the world’s gold and if some of them (like Russia) are stocking up on it, does that tell me as an individual investor that it needs to be a part of my portfolio? Or are their curcumstances different?
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Re: Gold, What is it Good For?

Post by boglerdude » Mon Nov 19, 2018 2:21 am

They settle billion dollar accounts between countries. Gold is a practical tool for that.
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Re: Gold, What is it Good For?

Post by barrett » Mon Nov 19, 2018 2:09 pm

Jeffreyalan wrote:
Sun Nov 18, 2018 6:42 pm
The question asked a few posts back is a good one. If Central Banks hold almost 20% of the world’s gold and if some of them (like Russia) are stocking up on it, does that tell me as an individual investor that it needs to be a part of my portfolio? Or are their curcumstances different?
Not sure if the two things are really connected. I like gold for the reasons Anthony Deden likes it. It's independent of the financial system, and it's a physical asset that has had a long history as money. It's also a piece of cake to pass along to my wife or daughter should I not use it up. That characteristic tends to be underestimated, I think. If I kick, my wife has some physical gold in a safe deposit box that can tide her over until my affairs (Fido & TDA accounts) are sorted out.

I also like that gold is money anywhere in the world. I may never take advantage of that feature but it's not unthinkable.

Russia might be motivated to hold gold because they don't want to have to settle their bills in US Dollars. I don't have that concern.

Just a few thoughts...
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