Gold's Time To Shine?

[Don]

I cannot lie. I created this thread because I liked my subject line. That being said, gold seems to be ready for a breakout. It's even been outperforming equities the past few days. Is this gold's time to shine?

[mathjak107]

i would have to say no .

the reason is my "seat of the pants trading system " said sell yesterday and i didn't , i decided to hang in there " so typically that means i ride it back down .

sorry i did this to you all lol

[Ugly_Bird]

I cannot lie. I created this thread because I liked my subject line. That being said, gold seems to be ready for a breakout. It's even been outperforming equities the past few days. Is this gold's time to shine?

Are they printing $500 bil recently? Then, subj could be a possibility.

[europeanwizard]

sorry i did this to you all lol

So Don gives us a holiday present and you decided with one fool action to take it all away, huh?

As for gold's time to shine, I've understood that gold right now is historically already above average, due to several central banks slowly building up their gold reserves. If these circumstances are continuing, then the headline could become true.

[mathjak107]

well it is still shining despite me not selling ....yes!

[boglerdude]

Sold all my PHYS today, bought at ~1300/oz. Was ~8% of portfolio. The gain offset losses from commodities I held for a year. mathjak's comment struck a nerve, that every day you hold is like making the decision to buy it again at today's price.

Will most likely buy a little AAAU soon. Iono tho, I'm way overweight inflation protection (home + a rental property). And gold isnt a tool that people need anymore, you can trade other real assets like stocks easily now. Maybe some physical to get you across a border. And I dont like that if the price gets high enough they can dig up more. OTOH central banks still buy...but they actually need a way to send someone billions of a universal currency.

[mathjak107]

people have such misconceptions about investing or their money .

sayings like it is only a loss on paper , or i won't commit new money at these levels but it is okay to keep the old money in , or i am only living on principal , , i am playing with the houses money or i don't care what my stocks do because i get a dividend ----are all examples of believing our own bull shit .

we convince ourselves that somehow our logic is correct when in essence it could not be more wrong .

the good news for gold and tlt is i sold yesterday . that usually has it go up a day or so after , before rolling back enough to buy everything back lower then i sold .

[mathjak107]

Sold all my PHYS today, bought at ~1300/oz. Was ~8% of portfolio. The gain offset losses from commodities I held for a year. mathjak's comment struck a nerve, that every day you hold is like making the decision to buy it again at today's price.

Will most likely buy a little AAAU soon. Iono tho, I'm way overweight inflation protection (home + a rental property). And gold isnt a tool that people need anymore, you can trade other real assets like stocks easily now. Maybe some physical to get you across a border. And I dont like that if the price gets high enough they can dig up more. OTOH central banks still buy...but they actually need a way to send someone billions of a universal currency.

why would you buy aaau over phys ?

[boglerdude]

Gov backed, redeemable, lower ER. https://www.aaauetf.com/calculator

[Smith1776]

I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?

[Libertarian666]

I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

[Smith1776]

I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

Hahaha is this really how people see Canada?

[Smith1776]

I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

Hahaha is this really how people see Canada?

Ha Tech beat me to it. You don't need Russia, you already have Justin.

Looks like I'm setting up my own country then.

[Ugly_Bird]

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

Does it imply that Kremlin is communistic? LOL. Someone seems got stuck 30+ years behind....

[Libertarian666]

I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

Hahaha is this really how people see Canada?

Ok, it's not Soviet. But it is still a high-tax gun-grabbing country where the health care system is so good that people come to the US for treatment if they can afford it.

[Libertarian666]

I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

Hahaha is this really how people see Canada?

Ok, it's not Soviet. But it is still a high-tax gun-grabbing country where the health care system is so good that people come to the US for treatment if they can afford it.

Where will the people in the US who can afford it go if Bernie or Warren is elected and we end up with Medicare for all?

Good question that no one wants to answer.

[Smith1776]

You guys are hilarious.

This is obviously a can of worms, but health care is the biggest reason why I'm appreciative of living in Canada. It's also the reason I'm most hesitant about ever moving to the U.S.

I'd like to get a job at Microsoft down the line once I finish my comp sci studies (should be this year!). Fortunately, they now have an office in Vancouver!

EDIT: Just so I don't derail the thread too much, buying more gold this week! Woohoo!

[Libertarian666]

You guys are hilarious.

This is obviously a can of worms, but health care is the biggest reason why I'm appreciative of living in Canada. It's also the reason I'm most hesitant about ever moving to the U.S.

I'd like to get a job at Microsoft down the line once I finish my comp sci studies (should be this year!). Fortunately, they now have an office in Vancouver!

EDIT: Just so I don't derail the thread too much, buying more gold this week! Woohoo!

Microsoft is a pretty good place to work, depending of course on what role you are in.

As for health care, you'll be very fortunate to work in Vancouver because the US is only a few miles away:
https://www.usnews.com/news/best-countr ... ealth-care

Until and unless we have "single payer" here too, of course.

[dualstow]

EDIT: Just so I don't derail the thread too much, buying more gold this week! Woohoo!

I hope it’s one ounce bullion coins this time and not those golden grams.
The cereal is fine, but stick to 1oz coins if you’re buying physical.

[mathjak107]

the waits are getting worse and worse each year .

https://www.macleans.ca/society/health/ ... igh-again/

[Smith1776]

My perspective is that I'd still rather go with the Canadian health care system than the American one if given a binary choice. Though, obviously, there is bias in my perspective.

The waiting time issue is not as bad as portrayed in my humble opinion. We follow a triage system in Canada. If it's a medical emergency, you'll get in right away. If it's a bad knee that acts up when you do sports, then yeah, you'll wait a while for a surgery.

And no, I like the maplegrams, but they're just for fun. The spreads are awful as you know. I'll be going for a few full on coins this time around!

[dualstow]

...
I like the maplegrams, but they're just for fun. The spreads are awful as you know. I'll be going for a few full on coins this time around!

Excellent

[mathjak107]

the bad guys know most are not going to be armed

[mathjak107]

i shoot back

[Smith1776]

Speaking of Canada vs. U.S -- we're definitely not shooting back here in the north. Concealed every day carry is illegal here.

I do have that swiss army knife, but we all know about bringing a knife to a gun fight.