The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
Cortopassi
Executive Member
Executive Member
Posts: 3338
Joined: Mon Feb 24, 2014 2:28 pm
Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html

Re: The GOLD scream room

Post by Cortopassi » Tue Jul 28, 2020 11:04 am

Silver is close to hitting the 140% band for me. Gold is not close. I will rebalance if silver hits. Not early.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14231
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The GOLD scream room

Post by dualstow » Tue Jul 28, 2020 11:54 am

buddtholomew wrote:
Tue Jul 28, 2020 10:22 am
Has anyone decided to harvest some gains in Gold?
I definitely would harvest but I'm underweight in gold if I look at (pp+pv), and I'm down to physical only.
You could say I don't have a proper pp anymore. I'm keeping all my coins unless the value gets outrageous.

But again, if I were still holding IAU or PHYS, I'm sure I'd be hitting those rebalancing bands.
Sam Bankman-Fried sentenced to 25 years
User avatar
Cortopassi
Executive Member
Executive Member
Posts: 3338
Joined: Mon Feb 24, 2014 2:28 pm
Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html

Re: The GOLD scream room

Post by Cortopassi » Tue Jul 28, 2020 12:01 pm

dualstow wrote:
Tue Jul 28, 2020 11:54 am

But again, if I were still holding IAU or PHYS, I'm sure I'd be hitting those rebalancing bands.
Are you sure? Everything has been going up, so I am way far away from any rebalance bands for bonds, stocks and gold, except for silver.

Here's my allocations vs. limits

Image
User avatar
dualstow
Executive Member
Executive Member
Posts: 14231
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The GOLD scream room

Post by dualstow » Tue Jul 28, 2020 3:21 pm

That’s a good point, Corto. I was looking at gold in a vacuum. I’m not sure after all.
Downgrade it to “I’d be tempted to trim.” Which I guess is what I already did very recently when I unloaded all my paper gold. I wanted to get rid of it.
Sam Bankman-Fried sentenced to 25 years
flyingpylon
Executive Member
Executive Member
Posts: 1102
Joined: Fri Jan 06, 2012 9:04 am

Re: The GOLD scream room

Post by flyingpylon » Tue Jul 28, 2020 3:29 pm

My dear wife, who pays little to no attention to anything investment related, looked up from her phone last night and asked "What's going on with gold?" :o

Might be an indication of... something. Y'all have been warned!
User avatar
Mark Leavy
Executive Member
Executive Member
Posts: 1950
Joined: Thu Mar 01, 2012 10:20 pm
Location: US Citizen, Permanent Traveler

Re: The GOLD scream room

Post by Mark Leavy » Tue Jul 28, 2020 5:31 pm

buddtholomew wrote:
Tue Jul 28, 2020 10:22 am
Has anyone decided to harvest some gains in Gold?
Much like tech stocks, I'm a bit overweight on gold right now.
This may be a mistake, but I have a hard time selling gold during a period of rising uncertainty. Gold seems like the one solid anchor of sanity in a crazy world right now. I'm going to let it ride.
pmward
Executive Member
Executive Member
Posts: 1731
Joined: Thu Jan 24, 2019 4:39 pm

Re: The GOLD scream room

Post by pmward » Tue Jul 28, 2020 5:48 pm

Gold is still cheaper than both stocks and bonds relatively speaking. I don't sell my stocks or bonds the day they hit a new all-time high. I'm certainly not going to do that on gold, especially when I believe gold will be the winner out of the 3 in the 2020's. Has the popular media and robinhood traders jumped on the gold bandwagon in the last week and a half? Absolutely. But it takes more than a week and a half to form a blowoff top. Also, blowoff tops don't finish at the first all-time high in 9 years. That long of a consolidation tends to lead to much, much higher prices before a major peak. At some point gold will correct. I wouldn't be surprised to see it take a pause and consolidate and/or pullback around here before the next leg higher. But I would also be willing to bet that a year from now gold will be higher than it is today. I would also be willing to bet that a few years from now I would be willing to give my left arm to buy gold at today's prices. It's obviously not going to just go up in a straight line to that point. There will be drama, bumps, and bruises along the way. But the bottom line is gold is going higher. I don't think now is the time to sell gold before actually hitting a rebalancing band.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14231
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The GOLD scream room

Post by dualstow » Tue Jul 28, 2020 8:06 pm

MangoMan wrote:
Tue Jul 28, 2020 6:06 pm
A good time to sell is when all those boarded up "Gold for Cash" type stores open up again in droves.
You mean cash for gold?
Sam Bankman-Fried sentenced to 25 years
User avatar
mathjak107
Executive Member
Executive Member
Posts: 4456
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

Re: The GOLD scream room

Post by mathjak107 » Wed Jul 29, 2020 5:20 am

while all that counts is how you were effected and how much money was acted on over that time frame :

gold is now beating a total market fund and the s&p 500 with dividends over the:

ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .

equities is now only a head the 10 year ...
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: The GOLD scream room

Post by Libertarian666 » Wed Jul 29, 2020 6:40 am

mathjak107 wrote:
Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :

gold is now beating a total market fund and the s&p 500 with dividends over the:

ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .

equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
User avatar
mathjak107
Executive Member
Executive Member
Posts: 4456
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

Re: The GOLD scream room

Post by mathjak107 » Wed Jul 29, 2020 7:14 am

Libertarian666 wrote:
Wed Jul 29, 2020 6:40 am
mathjak107 wrote:
Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :

gold is now beating a total market fund and the s&p 500 with dividends over the:

ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .

equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
you can't eat a stock certificate , a mutual fund statemnt or spend your living room at the supermarket either
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: The GOLD scream room

Post by Libertarian666 » Wed Jul 29, 2020 9:52 am

mathjak107 wrote:
Wed Jul 29, 2020 7:14 am
Libertarian666 wrote:
Wed Jul 29, 2020 6:40 am
mathjak107 wrote:
Wed Jul 29, 2020 5:20 am
while all that counts is how you were effected and how much money was acted on over that time frame :

gold is now beating a total market fund and the s&p 500 with dividends over the:

ytd , 1 year , 3 year , 5 year , 15 year and 20 year periods .

equities is now only a head the 10 year ...
<bogle>Yes, but you still can't eat it!</bogle>
you can't eat a stock certificate , a mutual fund statemnt or spend your living room at the supermarket either
Apparently they have never realized that.
User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3483
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Re: The GOLD scream room

Post by Ad Orientem » Wed Jul 29, 2020 10:53 pm

Looks like PMs are taking a breather after their big run up.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14231
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The GOLD scream room

Post by dualstow » Thu Jul 30, 2020 11:15 am

Ad Orientem wrote:
Wed Jul 29, 2020 10:53 pm
Looks like PMs are taking a breather after their big run up.
along with equities.
Sam Bankman-Fried sentenced to 25 years
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3504
Joined: Fri Apr 21, 2017 6:01 pm

Re: The GOLD scream room

Post by Smith1776 » Thu Jul 30, 2020 10:54 pm

Tomorrow is the last trading day of the month! Let's see what gold can do! O0
🛞 The All-Terrain Portfolio 🛞
User avatar
Lonestar
Executive Member
Executive Member
Posts: 213
Joined: Tue Jun 15, 2010 7:56 pm

Re: The GOLD scream room

Post by Lonestar » Thu Jul 30, 2020 11:58 pm

Tortoise wrote:
Mon Jul 27, 2020 7:58 pm
Smith1776 wrote:
Mon Jul 27, 2020 7:43 pm
Tortoise wrote:
Mon Jul 27, 2020 6:39 pm
EC0220A0-422A-4333-93EA-A6847884F9F2.gif
Please, please, please post this in the Knuckleheads forum. ;D
Done. :)
Well Tortoise, you must have posted the gif and got yesterday's good gold thread locked! It was great. There were a bunch of posts that presented well spoken, logical, factual reasons for including gold in a portfolio. More than I think I've ever seen on that forum. BUT, it got a little too logical and they locked the thread. Thank goodness there was time to mention guns, ammo, canned beans, and the apocalypse before it got closed.
User avatar
Tortoise
Executive Member
Executive Member
Posts: 2751
Joined: Sat Nov 06, 2010 2:35 am

Re: The GOLD scream room

Post by Tortoise » Fri Jul 31, 2020 1:16 am

I think the locked thread is a different one. The one where I posted the GIF is still open:

https://www.bogleheads.org/forum/viewtopic.php?t=301699
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3504
Joined: Fri Apr 21, 2017 6:01 pm

Re: The GOLD scream room

Post by Smith1776 » Fri Jul 31, 2020 4:18 am

Daaaayum. O_O

9C96B5E9-7859-4F7C-9B09-65626979A8E7.jpeg
9C96B5E9-7859-4F7C-9B09-65626979A8E7.jpeg (133.88 KiB) Viewed 6507 times
🛞 The All-Terrain Portfolio 🛞
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3504
Joined: Fri Apr 21, 2017 6:01 pm

Re: The GOLD scream room

Post by Smith1776 » Fri Jul 31, 2020 3:15 pm

So it looks like we didn't quite close at $2,000, guys. But we came very close!
🛞 The All-Terrain Portfolio 🛞
User avatar
dualstow
Executive Member
Executive Member
Posts: 14231
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: The GOLD scream room

Post by dualstow » Fri Jul 31, 2020 4:00 pm

Smith1776 wrote:
Fri Jul 31, 2020 3:15 pm
So it looks like we didn't quite close at $2,000, guys. But we came very close!
We’re gonna party like gold’s 1999
Sam Bankman-Fried sentenced to 25 years
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3504
Joined: Fri Apr 21, 2017 6:01 pm

Re: The GOLD scream room

Post by Smith1776 » Fri Jul 31, 2020 9:35 pm

ME EXPLAINING TO MY FRIENDS WHY THEY NEED TO BUY GOLD.


1ckxu7.jpg
1ckxu7.jpg (31.46 KiB) Viewed 6326 times


See? I can poke fun at myself. ;D
🛞 The All-Terrain Portfolio 🛞
User avatar
Kriegsspiel
Executive Member
Executive Member
Posts: 4052
Joined: Sun Sep 16, 2012 5:28 pm

Re: The GOLD scream room

Post by Kriegsspiel » Sat Aug 01, 2020 6:29 am

I'm more of a

Image

guy, but I like yours too.
You there, Ephialtes. May you live forever.
User avatar
sophie
Executive Member
Executive Member
Posts: 1959
Joined: Mon Apr 23, 2012 7:15 pm

Re: The GOLD scream room

Post by sophie » Sat Aug 01, 2020 6:01 pm

You guys are awesome!! Don't know if I've mentioned that.
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3504
Joined: Fri Apr 21, 2017 6:01 pm

Re: The GOLD scream room

Post by Smith1776 » Sun Aug 02, 2020 9:02 am

Kriegsspiel wrote:
Sat Aug 01, 2020 6:29 am
I'm more of a

guy, but I like yours too.
LOL the flintlock pistol and his grin just makes it.

In my picture I imagine that's me right in the middle of me blabbering "AND THEN IN 1971 NIXON TOOK US OFF THE GOLD STANDARD. WE'RE BEING ROBBED OF OUR WEALTH DON'T YOU SEE????"
🛞 The All-Terrain Portfolio 🛞
User avatar
Hal
Executive Member
Executive Member
Posts: 1349
Joined: Tue May 03, 2011 1:50 am

Re: The GOLD scream room

Post by Hal » Sun Aug 02, 2020 9:30 am

Smith1776 wrote:
Sun Aug 02, 2020 9:02 am
In my picture I imagine that's me right in the middle of me blabbering "AND THEN IN 1971 NIXON TOOK US OFF THE GOLD STANDARD. WE'RE BEING ROBBED OF OUR WEALTH DON'T YOU SEE????"
I would like to see a picture of how your audience reacted ;)
Attachments
Smiths Audience.jpg
Smiths Audience.jpg (22.02 KiB) Viewed 6213 times
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
Post Reply