The GOLD scream room

[mathjak107]

gold just has this identity complex ... it goes up when stocks rise while tlt goes down , then it goes down when stocks rise and tlt goes down .....


gold must be a woman .

[Cortopassi]

gold just has this identity complex ... it goes up when stocks rise while tlt goes down , then it goes down when stocks rise and tlt goes down .....


gold must be a woman .

Sure, except lately, I think it has been calling BS on all the "good" news.

[dualstow]

I guess gold is doing alright because my prearranged sale (limit order) triggered and I am now free of all paper gold in all accounts. I've been waiting for this for years.

[sophie]

So you're 100% in physical gold now, dualstow?

Pretty awesome!

[Smith1776]

All physical??? Dang, now that's pure PP awesomeness.

[Mark Leavy]

Quite nice to finally have all of my gold positions in positive territory this morning. The coins I bought in February 2012 sure took their time catching up.

[dualstow]

So you're 100% in physical gold now, dualstow?

Pretty awesome!

It is awesome indeed. And like with Mark, I had some straggler coin positions for years.
My gold is up more than 30% right now, but I'm not kidding myself-- the downside is that it's not a huge percentage of pp+vp and in a true emergency, a % gain means nothing. Having lots of coins means everything. I'll get to work on that if the price dips again.

[dualstow]

I wonder if tech and mrs tech have a little cake with a candle every time gold hits another $100 mark.

[Libertarian666]

I wonder if tech and mrs tech have a little cake with a candle every time gold hits another $100 mark.

I might, but she doesn't pay attention to it unless I mention it, and then she says "I thought it was that high already".

[Smith1776]

Seen on the Bogleheads forum. Too good not to share.

"Are bonds worth it?"
"yes of course you have to be diversified!"

"Are negative yielding bonds worth it?"
"yes, for the diversification value. Yield is not so important."

"Is gold worth it?"
"no, gold has no yield"

[Tortoise]

Seen on the Bogleheads forum. Too good not to share.

"Are bonds worth it?"
"yes of course you have to be diversified!"

"Are negative yielding bonds worth it?"
"yes, for the diversification value. Yield is not so important."

"Is gold worth it?"
"no, gold has no yield"

Knuckleheads cognitive dissonance intensifies

[Libertarian666]

Seen on the Bogleheads forum. Too good not to share.

"Are bonds worth it?"
"yes of course you have to be diversified!"

"Are negative yielding bonds worth it?"
"yes, for the diversification value. Yield is not so important."

"Is gold worth it?"
"no, gold has no yield"

Knuckleheads cognitive dissonance intensifies

So they didn't mention that you can't eat it?

[dualstow]

Seen on the Bogleheads forum. Too good not to share.

"Are bonds worth it?"
"yes of course you have to be diversified!"

"Are negative yielding bonds worth it?"
"yes, for the diversification value. Yield is not so important."

"Is gold worth it?"
"no, gold has no yield"

Knuckleheads cognitive dissonance intensifies

Gold must have said something really mean to Bogleheads back in the early days.

[Kbg]

That there is funny with a capital F.

[Kriegsspiel]

Hey, that gold price bros.

*knock on wood*

[Lonestar]

Seen on the Bogleheads forum. Too good not to share.

"Are bonds worth it?"
"yes of course you have to be diversified!"

"Are negative yielding bonds worth it?"
"yes, for the diversification value. Yield is not so important."

"Is gold worth it?"
"no, gold has no yield"

Knuckleheads cognitive dissonance intensifies

So they didn't mention that you can't eat it?

Has there ever been a gold thread on that forum that did not at some point mention wedding rings, guns, ammo or canned beans?

[Libertarian666]

Seen on the Bogleheads forum. Too good not to share.

"Are bonds worth it?"
"yes of course you have to be diversified!"

"Are negative yielding bonds worth it?"
"yes, for the diversification value. Yield is not so important."

"Is gold worth it?"
"no, gold has no yield"

Knuckleheads cognitive dissonance intensifies

So they didn't mention that you can't eat it?

Has there ever been a gold thread on that forum that did not at some point mention wedding rings, guns, ammo or canned beans?

Not as far as I know.

Here's the latest entry in the Knucklehead "analysis" of gold: https://www.bogleheads.org/forum/viewto ... 8#p5359308

[Lonestar]

It seems that about every three days there is a "should I own gold" thread on that forum. It's like going on a firearms forum and asking "should I turn my guns in to the government". Bless their hearts, they mean well but it's the same old answers over and over.

I remember the long thread about the PP several years ago. The concept and reasoning of gold and LLT's in a portfolio just could never quite get through.

[Tortoise]

The Knuckleheads are anti-LTT as well? Huh. What’s their main reason — because a diversified total bond market fund is supposedly safer, or because Treasury bonds tend to have the lowest yield?

[mathjak107]

The Knuckleheads are anti-LTT as well? Huh. What’s their main reason — because a diversified total bond market fund is supposedly safer, or because Treasury bonds tend to have the lowest yield?

most think in terms of total bond funds which have little lifting power in a flight to safety

[Lonestar]

The Knuckleheads are anti-LTT as well? Huh. What’s their main reason — because a diversified total bond market fund is supposedly safer, or because Treasury bonds tend to have the lowest yield?

most think in terms of total bond funds which have little lifting power in a flight to safety

I agree! After you mix in corporates, mortgage backed, and agencies, you have lost a lot of flight to safety aspect.

I feel when one is so deeply entrenched in the "classic" 2 or 3 fund lazy portfolio approach, they don't think enough about negative correlation. That seems to be the reason they have so many problems with gold. It just proves that looking at asset classes in concert is way more difficult than looking at them individually.

[mathjak107]

Typical portfolios have equities as the lead horse and everything else is weak ...rebalancing actually hurts you as you pull money out of the powerful asset and move to a less capable one .

The pp is different ....gold and long term treasuries are as volatile or more volatile then stocks and the results from rebalancing are very different.

I just finished migrating the two portfolios I use in to the one pp .......

I am not comfortable at all looking out so with our portfolios at record highs I wanted to get very defensive....this is the most I ever had invested in the pp ..... each asset is 7 figures .....

[stuper1]

..... each asset is 7 figures .....

I like the sound of that! Very nice, congratulations. I would hope to be there one day, but probably not. That's okay, I can admire the view from here.

[mathjak107]

..... each asset is 7 figures .....

I like the sound of that! Very nice, congratulations. I would hope to be there one day, but probably not. That's okay, I can admire the view from here.

It can be scary at times .....it is impossible not to see how each part of the portfolio is doing and those pieces are very volatile to say the least ....so the dollar swings are insane ...a mere 1% swing is over 10k in an asset .

But being I hit new highs it was time to get as super defensive as I ever have been with this mess we are living through

[Libertarian666]

Typical portfolios have equities as the lead horse and everything else is weak ...rebalancing actually hurts you as you pull money out of the powerful asset and move to a less capable one .

The pp is different ....gold and long term treasuries are as volatile or more volatile then stocks and the results from rebalancing are very different.

I just finished migrating the two portfolios I use in to the one pp .......

I am not comfortable at all looking out so with our portfolios at record highs I wanted to get very defensive....this is the most I ever had invested in the pp ..... each asset is 7 figures .....

All before the decimal point?