The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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Ugly_Bird
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Re: The GOLD scream room

Post by Ugly_Bird » Wed Feb 03, 2021 8:25 am

Cortopassi wrote:
Wed Feb 03, 2021 8:16 am
Examples. A billion is measly!
100 trillion :-)
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Vil
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Re: The GOLD scream room

Post by Vil » Wed Feb 03, 2021 11:02 am

Cortopassi wrote:
Wed Feb 03, 2021 8:16 am
Examples. A billion is measly!
Haha, thanks, visual representation makes it easier...
Personally, I'd rather imagine that there is some programmer somewhere and he is instructed to utilize the shift left (<<) operator, that's well known from several programming languages as the fastest way to multiply a number with 2^n (where n is the number voted by Congress).
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Vil
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Re: The GOLD scream room

Post by Vil » Thu Feb 04, 2021 5:55 am

Kriegsspiel wrote:
Tue Feb 02, 2021 2:38 pm
Image

-0.74% in USD, -1.29% in EUR (as USD is rising). How long should we wait ;D

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Kriegsspiel
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Re: The GOLD scream room

Post by Kriegsspiel » Thu Feb 04, 2021 6:28 am

Vil wrote:
Thu Feb 04, 2021 5:55 am
-0.74% in USD, -1.29% in EUR (as USD is rising). How long should we wait ;D
Re-balancing band.
"You haven't, I suppose, ever mixed with politicians at close quarters. They're awful. I think some of these must have been the dregs anyhow, but I've discovered, what previously I didn't believe possible, that politicians behave in private life and say exactly the same things as they do in public. Their stupidity is inhuman.
- John Maynard Keynes
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Vil
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Re: The GOLD scream room

Post by Vil » Thu Feb 04, 2021 8:10 am

Kriegsspiel wrote:
Thu Feb 04, 2021 6:28 am
Vil wrote:
Thu Feb 04, 2021 5:55 am
-0.74% in USD, -1.29% in EUR (as USD is rising). How long should we wait ;D
Re-balancing band.
Krieg, sorry, guess was not clear, I am joking.
Btw, if I can recall (think was in Craig's book) PP did not do that bad even without rebalancing..
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Thu Feb 04, 2021 8:56 am

Buying some IAU @ 17 now.
Out at 17.79 and in at 17.02
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Thu Feb 04, 2021 10:47 am

Ahh, gold, the asset I continue to love to hate.

Buy stocks! Gold sucks!
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Thu Feb 04, 2021 10:50 am

Cortopassi wrote:
Thu Feb 04, 2021 10:47 am
Ahh, gold, the asset I continue to love to hate.

Buy stocks! Gold sucks!
For me, it’s having more stocks than gold that allows me to stay with my precious metals allocation.
Don
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Re: The GOLD scream room

Post by Don » Thu Feb 04, 2021 3:40 pm

Is there an explanation why gold fell 2.5% today?
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Thu Feb 04, 2021 3:46 pm

About the same reason why Nasdaq and Dow just keep going up, I guess.

The answer can come in many forms, but the real answer is I Don't Know.

What we do know is when this happens, people usually pile on for a spell, so expect lower.

mathjak is pretty good at timing these. I wouldn't be.
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Tortoise
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Re: The GOLD scream room

Post by Tortoise » Thu Feb 04, 2021 4:02 pm

When gold's price drops sharply, it's because one of us recently bought a lot of it.

When gold's price jumps sharply, it's because one of us recently sold a lot of it.

The gold market's movements make a lot more sense when viewed through that explanatory lens.
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Re: The GOLD scream room

Post by dualstow » Thu Feb 04, 2021 4:06 pm

Don wrote:
Thu Feb 04, 2021 3:40 pm
Is there an explanation why gold fell 2.5% today?
Stronger dollar.
traveling...
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Thu Feb 04, 2021 4:15 pm

Tortoise wrote:
Thu Feb 04, 2021 4:02 pm
When gold's price drops sharply, it's because one of us recently bought a lot of it.

When gold's price jumps sharply, it's because one of us recently sold a lot of it.

The gold market's movements make a lot more sense when viewed through that explanatory lens.
:D :D :D
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Kriegsspiel
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Re: The GOLD scream room

Post by Kriegsspiel » Thu Feb 04, 2021 5:11 pm

Theory checks out.
"You haven't, I suppose, ever mixed with politicians at close quarters. They're awful. I think some of these must have been the dregs anyhow, but I've discovered, what previously I didn't believe possible, that politicians behave in private life and say exactly the same things as they do in public. Their stupidity is inhuman.
- John Maynard Keynes
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Vil
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Re: The GOLD scream room

Post by Vil » Fri Feb 05, 2021 1:27 am

dualstow wrote:
Thu Feb 04, 2021 4:06 pm
Stronger dollar.
Though what comes first (chicken vs egg) - weaker gold or stronger dollar .. In the recent case we had the weaker gold coming first (months in advance to stronger dollar, that came only recently), so it might be that's not the explanation.. My overly simplistic explanation is that following the turmoil money flows simply got back to risk-on asset classes - non-existing money pushing up ridiculous valuations, voilla
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Re: The GOLD scream room

Post by dualstow » Fri Feb 05, 2021 6:30 am

Vil wrote:
Fri Feb 05, 2021 1:27 am
dualstow wrote:
Thu Feb 04, 2021 4:06 pm
Stronger dollar.
Though what comes first (chicken vs egg) - weaker gold or stronger dollar .. In the recent case we had the weaker gold coming first (months in advance to stronger dollar, that came only recently), so it might be that's not the explanation.. My overly simplistic explanation is that following the turmoil money flows simply got back to risk-on asset classes - non-existing money pushing up ridiculous valuations, voilla
Stronger dollar is just what i read, but I’ll buy the above....if i understand it correctly.
traveling...
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Fri Feb 05, 2021 10:06 am

I told you when I sold and when I bought...what more do you want to know? >:

Fixed income yields also play a large role as last I checked gold doesn’t pay a dividend. Yields up, bonds attractive; yields down, gold attractive.
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Fri Feb 19, 2021 3:28 pm

The recent gold decline has caused the value of my PP to fall below a leading digit threshold in my retirement account. >:( >:(
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process." - Alan Greenspan, 1966
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Ugly_Bird
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Re: The GOLD scream room

Post by Ugly_Bird » Fri Feb 19, 2021 4:02 pm

Smith1776 wrote:
Fri Feb 19, 2021 3:28 pm
The recent gold decline has caused the value of my PP to fall below a leading digit threshold in my retirement account. >:( >:(
I think PP should have a small fraction of crypto. It would help when crypto skyrocketing but work as before when crypto will crash.
Added GBTC to my IRA. So far tt helps to compensate for the PP losses.
At this point I treat BTC and GBTC as part of the variable portfolio. But we might be witnessing the necessity of the PP concept change because of the completely new investment options.
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Re: The GOLD scream ro

Post by mathjak107 » Fri Feb 19, 2021 4:14 pm

Smith1776 wrote:
Fri Feb 19, 2021 3:28 pm
The recent gold decline has caused the value of my PP to fall below a leading digit threshold in my retirement account. >:( >:(
Yep, we hit a new milestone before I shifted my usual portfolios over to the pp...

Now the old milestone moved up and are still above the milestone ,where as the action in Tlt and Gld now pulled us below the threshold line
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Re: The GOLD scream room

Post by dualstow » Wed Mar 03, 2021 6:38 pm

I bet Harry Browne didn’t have a solution to this one.

I would really like to buy a bunch of gold tomorrow but i don’t think I’m going to be in town to take delivery. At least it’s possible that I won’t be. No way am I leaving it to the wife to receive it. It’s not that she’s flaky, but if something went wrong, I don’t think I’d get over it. O0
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Re: The GOLD scream room

Post by Mark Leavy » Wed Mar 03, 2021 9:20 pm

dualstow wrote:
Wed Mar 03, 2021 6:38 pm
I bet Harry Browne didn’t have a solution to this one.

I would really like to buy a bunch of gold tomorrow but i don’t think I’m going to be in town to take delivery. At least it’s possible that I won’t be. No way am I leaving it to the wife to receive it. It’s not that she’s flaky, but if something went wrong, I don’t think I’d get over it. O0
Dude. I'm no relationship counselor. But... red flag!
Just sayin...
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dualstow
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Re: The GOLD scream room

Post by dualstow » Wed Mar 03, 2021 10:16 pm

I don’t want to put the burden on her, Mark. That’s true love. O0
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Re: The GOLD scream room

Post by Kbg » Thu Mar 04, 2021 8:15 am

dualstow wrote:
Wed Mar 03, 2021 10:16 pm
I don’t want to put the burden on her, Mark. That’s true love. O0
If she starts to get big eyes, likes the word "precious" and draws out "S" sounds, you definitely need to leave.

Promise Mark and I if that happens you will move on, will you?
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Re: The GOLD scream room

Post by vnatale » Thu Mar 04, 2021 9:02 am

dualstow wrote:
Wed Mar 03, 2021 10:16 pm

I don’t want to put the burden on her, Mark. That’s true love. O0


I'm glad you said that. I was going to respond but I wanted to let you first respond.

I read your initial statement as saying you did not want to put her in the position of something possibly going wrong, her not handling it the same way you would.

You'd regret it if you had put her in that position and something did go wrong.

Therefore, you believed it would not be fair to her to do that.

You were casting no suspicions on her.

You merely wanted to be the one who took all the responsibility for the transaction correctly happening.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats."
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