Jeffrey Gundlach on PP

[perfect_simulation]

Jeffrey Gundlach promotes his PP @ 18:30

https://www.youtube.com/watch?v=hd6zu-xylqo

[Smith1776]

Interesting that he mentioned real estate and Bitcoin as alternatives to gold.

[Kevin K.]

Yeah and emerging market stocks instead of TSM and bank loans instead of bonds. Nothing remotely PP-esque about this guy IMHO.

[perfect_simulation]

Yeah and emerging market stocks instead of TSM and bank loans instead of bonds. Nothing remotely PP-esque about this guy IMHO.

Banks loans? He said 25% cash and 25% long term bonds. The odd parts were 25% bitcoin/gold and 25% emerging markets/asia stocks

[modeljc]

Yeah and emerging market stocks instead of TSM and bank loans instead of bonds. Nothing remotely PP-esque about this guy IMHO.

You will not find any prominent wall street guys smoking the PP almost!! They all have something to sell you. I'm OK with Jeffrey. He will sell his emerging market stocks when the U.S. stocks take a hit. And guess what? He may do better than us. maybe. We are not main stream with only a 1000 of us but this guy gets it's. Nice to see a little acceptance.

[Xan]

Yeah and emerging market stocks instead of TSM and bank loans instead of bonds. Nothing remotely PP-esque about this guy IMHO.

Banks loans? He said 25% cash and 25% long term bonds. The odd parts were 25% bitcoin/gold and 25% emerging markets/asia stocks

Not just long term bonds, but long term Treasuries. I'd say this is definitely PP-esque.

[ppnewbie]

Anyone have good ideas for emerging market etf’s?

[mathjak107]

I like eem

I would only buy if markets took a decent hit and rolled back ..to big of a run up recently in emerging markets for my taste

[bitcoininthevp]

Interesting that he mentioned real estate and Bitcoin as alternatives to gold.

Real estate as an alternative to gold in the PP is absolutely insane. Even more so than bitcoins. Gold in the PP is a hedge against your nations currency having issues. If your nations currency is having issues that means the government is having issues. In an environment such as this, assets like gold, bitcoin, and anything that can move outside the country (or is already there) will start to do so. A struggling government is going to grasp at anything they can that remains, including and especially real estate, as it is so easy to tax and control.

I understand that real estate has some inflation hedge qualities, but that only covers some of the bases gold covers in the PP.

[Smith1776]

Interesting that he mentioned real estate and Bitcoin as alternatives to gold.

Real estate as an alternative to gold in the PP is absolutely insane. Even more so than bitcoins. Gold in the PP is a hedge against your nations currency having issues. If your nations currency is having issues that means the government is having issues. In an environment such as this, assets like gold, bitcoin, and anything that can move outside the country (or is already there) will start to do so. A struggling government is going to grasp at anything they can that remains, including and especially real estate, as it is so easy to tax and control.

I understand that real estate has some inflation hedge qualities, but that only covers some of the bases gold covers in the PP.

Anyone have good ideas for emerging market etf’s?

For fellow Canadians:

- Vanguard's VEE for market cap weighting at low cost.
- Franklin Templeton's FLEM for factor exposure.

[mathjak107]

Interesting that he mentioned real estate and Bitcoin as alternatives to gold.

Real estate as an alternative to gold in the PP is absolutely insane. Even more so than bitcoins. Gold in the PP is a hedge against your nations currency having issues. If your nations currency is having issues that means the government is having issues. In an environment such as this, assets like gold, bitcoin, and anything that can move outside the country (or is already there) will start to do so. A struggling government is going to grasp at anything they can that remains, including and especially real estate, as it is so easy to tax and control.

I understand that real estate has some inflation hedge qualities, but that only covers some of the bases gold covers in the PP.

Real estate is far to wishy washy for the pp.

Gold has provided positive real returns in 98% of the market slumps ..real estate usually slumps too.

Real estate is decent in only moderate inflation ...it sucked when mortgages were 18% ....real estate only did well after inflation came down .

Real estate is very very different than gold as well as lacks the properties gold has

[perfect_simulation]

I can't quite wrap my head around bitcoin being an asset like gold. Gold is a tangible commodity that also happens to be money. Bitcoin is a fiat currency in my mind - backed by nothing like the dollar and euro, etc. Might as well have some for diversification, buts its akin to cash IMHO!

[bitcoininthevp]

I can't quite wrap my head around bitcoin being an asset like gold. Gold is a tangible commodity that also happens to be money. Bitcoin is a fiat currency in my mind - backed by nothing like the dollar and euro, etc. Might as well have some for diversification, buts its akin to cash IMHO!

Gold is "backed by" its commodity value that makes up about 2% of its total value? The remaining being monetary premium?

Additionally, this is a sort of "intrinsic value" argument. Nothing has intrinsic value because all value is subjective and up to an individuals preferences and environment.

[mathjak107]

5000 years of history says golds value as a store of value has withstood the test of time

[bitcoininthevp]

5000 years of history says golds value as a store of value has withstood the test of time

All value is still subjective though, which is the point Im trying to make to perfect_simulation.

[perfect_simulation]

All value is still subjective though, which is the point Im trying to make to perfect_simulation.

yeah, my core thought is where bitcoin fits into the PP - I think the cash quadrant if any and not the gold one

[bitcoininthevp]

All value is still subjective though, which is the point Im trying to make to perfect_simulation.

yeah, my core thought is where bitcoin fits into the PP - I think the cash quadrant if any and not the gold one

It’s a good question. I think bitcoin is an asset that is in the process of becoming money/currency. Right now it is a bad cash but a good scarce asset. So I think bitcoin is more like gold for the next decade or so and then its volatility and appreciation will be much lower and it could be more like cash then.

[perfect_simulation]

bitcoin is an asset

good points, but its called cryptocurrency not cryptoasset

[Kriegsspiel]

Bitcoin fluctuates way too much for it to be considered a creature like cash. Trading or hodling, bitcoin in the VP sounds much better.

[Hal]

Another interview with Gundlach on the PP. Starts at 46:45 min mark

https://www.youtube.com/watch?v=zcEj4XkLn5w

[whatchamacallit]

Another interview with Gundlach on the PP. Starts at 46:45 min mark

https://www.youtube.com/watch?v=zcEj4XkLn5w

Good one. Pick back up at 1:08:30 if you don't make it that far.

Sounds like he was pretty much in PP except 50% cash instead of bonds.

[mathjak107]

Every exception makes it not a pp

[perfect_simulation]

He mentions the PP again 7/17/2021

https://youtu.be/VvoDkfRj-jY?t=230

[whatchamacallit]

Still in it to win it
Permanent at 4:00

https://youtu.be/C08Vz9DTddk

[perfect_simulation]

Still in it to win it
Permanent at 4:00

https://youtu.be/C08Vz9DTddk

He totally said 25% bitcoin/gold before. Now he says hes not long or short bitcoin.....interesting