The GOLD scream room

[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 .....

All before the decimal point?

Last I looked it was

[Smith1776]

Gold isn't quite at an all-time high in USD, but in CAD it has long surpassed that!

gold.png (28.88 KiB) Viewed 9181 times

[Libertarian666]

Gold isn't quite at an all-time high in USD, but in CAD it has long surpassed that!


gold.png

That's nothing. In Zimbabwe dollars it's at a zillion $/oz!

[Smith1776]

That's nothing. In Zimbabwe dollars it's at a zillion $/oz!

Damn. Foiled again!

[Ad Orientem]

Gold at $1861 in overnight trading. Only $39 from the record.

[Smith1776]

Gold at $1861 in overnight trading. Only $39 from the record.

It seems Craigr was right about the PP's assets being like a rudder on a ship. They take a little time to turn. Long term bonds didn't respond immediately in the '08 crisis either, but they eventually did. Perhaps we're seeing something similar with gold here.

I suppose that makes sense though. This probably dovetails closely with the academic research concerning the momentum factor! There are limits to arbitrage and markets take time to assimilate new information.

[Kriegsspiel]

Shit, bros, gold is really getting up there. I'm still not used to it being a performer.

[sophie]

Wow this is a shock. It is also strange....since July 1, all the assets are up including long bonds. I keep thinking one of the shoes has to drop. Who knows which one it will be...and happily, it doesn't matter. Harry Browne, whereever you are, thank you!

Except of course if it's stocks, it will be poison to stock/bond portfolios like the one in my corporate retirement accounts. How I wish it allowed gold, or it would have been a PP (or GB) a long time ago.

[Libertarian666]

Wow this is a shock. It is also strange....since July 1, all the assets are up including long bonds. I keep thinking one of the shoes has to drop. Who knows which one it will be...and happily, it doesn't matter. Harry Browne, whereever you are, thank you!

Except of course if it's stocks, it will be poison to stock/bond portfolios like the one in my corporate retirement accounts. How I wish it allowed gold, or it would have been a PP (or GB) a long time ago.

Can you take an in-service rollover from your corporate retirement account(s)? Some corporations allow that.

[sophie]

It's unfortunately a rather restrictive plan. I had already looked into in-service rollovers, and my employer doesn't allow them. I've also asked about brokerage windows, same response. I'm just thankful it's at Vanguard and not one of those awful high fee places like John Hancock.

[buddtholomew]

The PP and Gold have performed above any of my expectations.
I stopped tracking Golds performance after loss harvesting to offset gains in other assets and switching between GLD/IAU but according to VG I now have a 92% gain LTD on my holdings

[Ad Orientem]

Gold up another 1.4% to $1870. Now within striking distance of all time record of $1900 which is also probably the near term resistance.

[buddtholomew]

1897.90

Going to buy some now, so here comes 1900.
Darn only pushed it up to 1898.50.
Anyone else want to contribute some?

[WhiteElephant]

The PP and Gold have performed above any of my expectations.
I stopped tracking Golds performance after loss harvesting to offset gains in other assets and switching between GLD/IAU but according to VG I now have a 92% gain LTD on my holdings

It feels great (and weird!) to have a portfolio that's UP a few percent after everything that happened in the world. What a year it's been so far...
Who knows what will kind of other 'unthinkable' things will happen the next few months? No idea, but at least I'm not worried about my portfolio!

[Libertarian666]

The PP and Gold have performed above any of my expectations.
I stopped tracking Golds performance after loss harvesting to offset gains in other assets and switching between GLD/IAU but according to VG I now have a 92% gain LTD on my holdings

It feels great (and weird!) to have a portfolio that's UP a few percent after everything that happened in the world. What a year it's been so far...
Who knows what will kind of other 'unthinkable' things will happen the next few months? No idea, but at least I'm not worried about my portfolio!

That's one of the advantages of having a disaster-oriented portfolio. When things are crazy in the world is a good time to have big gains.

[Hal]

Wow this is a shock. It is also strange....since July 1, all the assets are up including long bonds. I keep thinking one of the shoes has to drop. Who knows which one it will be...and happily, it doesn't matter. Harry Browne, whereever you are, thank you!

Except of course if it's stocks, it will be poison to stock/bond portfolios like the one in my corporate retirement accounts. How I wish it allowed gold, or it would have been a PP (or GB) a long time ago.

Could you do something like Smiths "Goldsmith PP" ?
Eg: In retirement account 2:1 Bonds to Shares. Outside 25% Gold

[buddtholomew]

1900.80

If you guys won’t help me I’ll have to do it myself

[dualstow]

1900.80

If you guys won’t help me I’ll have to do it myself

pp in 2020: Budd is a believer!

Tech, time for the cake and candle?

[Libertarian666]

1900.80

If you guys won’t help me I’ll have to do it myself

pp in 2020: Budd is a believer!

Tech, time for the cake and candle?

Looks that way. I don't think we have a cake but we should be able to come up with something appropriate!

[I Shrugged]

Is Budd's joy a contrarian indicator?

[Kriegsspiel]

Gold is in the 20th century now! When I started the PP it was in the Medieval era.

Shit's bananas.

[Libertarian666]

Gold is in the 20th century now! When I started the PP it was in the Medieval era.

Shit's bananas.

Whippersnapper!
When I started, it was in the Year of the Consulship of Rusticus and Condianus.

[buddtholomew]

Is Budd's joy a contrarian indicator?

It’s more relief than joy.
Hope that helps you decide haha

[dualstow]

What does an excitable gorilla do when he sees the current gold price?

Shit's bananas.

Sounds about right, thank you!

[Don]

Is Budd's joy a contrarian indicator?

It’s more relief than joy.
Hope that helps you decide haha

Budd, is that you?