The GOLD scream room

[vnatale]

well at least gold took bitcoin with it

Crypto is really cratering today. Bitcoin, Litecoin, Ethereum…

a 2.5% hit to gold doesn’t seem so bad.

What was / is the range of percentage drops you are / were seeing in the various crypto currencies?

[pp4me]

One benefit of this forum is that you can always tell when Gold isn't doing so well even if you aren't paying attention because Budd and Mathjak are always here to let us know.

[mathjak107]

i own quite a bit of gold.

but less than half of what i did when i had the pp .

i still think gold will do okay , as well as bitcoin .

long term bonds i have less hope for

[murphy_p_t]

I predict this pull back today will be viewed as nothing more noise within a month or two, at most.

Head on over to King world News if you need some encouragement

[dualstow]

I predict this pull back today will be viewed as nothing more noise within a month or two, at most.
…

I think so, too

[buddtholomew]

More pain ahead...
Almost done selling down to 10%

It’s unbelievable how poorly the PP is performing this year.
Thank the lord each day I don’t hold 4x25 anymore as my faith in this portfolio has faded to zero.

Gold and LTT’s in the toilet again.

[mathjak107]

More pain ahead...
Almost done selling down to 10%

It’s unbelievable how poorly the PP is performing this year.
Thank the lord each day I don’t hold 4x25 anymore as my faith in this portfolio has faded to zero.

Gold and LTT’s in the toilet again.

i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.

that is 5% of my total investable assets in each and not one specific portfolio…gbtc and dbc have done well this year . gold , meh.

the other 80% is in the insight models , also up this year

[Cortopassi]

We always know only one day of a gold selloff never happens.

We also know gold never rides up high for any length of time without getting spanked.

I know MJ was good at pulling the trigger on trading these events, and I tell ya, i am almost interested in doing some side options to take advantage.

This will as stated before allow me to sell off some of the high flying stocks and dump into TLT and gold and silver.

It actually feels good for me. I know you can pooh pooh the PP all the time, but the ability for me to be forced to harvest gains on these stocks is priceless.

And I'll feel better about it when eventually, maybe sometime in the lifetime of the known universe, stocks actually go down for more than a day or two.

[murphy_p_t]

Sell high, buy low. Sounds like a good strategy.

[buddtholomew]

We always know only one day of a gold selloff never happens.

We also know gold never rides up high for any length of time without getting spanked.

I know MJ was good at pulling the trigger on trading these events, and I tell ya, i am almost interested in doing some side options to take advantage.

This will as stated before allow me to sell off some of the high flying stocks and dump into TLT and gold and silver.

It actually feels good for me. I know you can pooh pooh the PP all the time, but the ability for me to be forced to harvest gains on these stocks is priceless.

And I'll feel better about it when eventually, maybe sometime in the lifetime of the known universe, stocks actually go down for more than a day or two.

I would feel really good about selling my Gold high and buying stocks on a pull-back.

[murphy_p_t]

Mathjack, 5% commodities... How do you get that exposure?

[mathjak107]

Mathjack, 5% commodities... How do you get that exposure?

etf dbc

[mathjak107]

i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.

holy shit MJ has more hodl BTC than I do.

i do hold a lot dollar wise but as a piece of the total it is 5% .

my little hedge portion of gld-dbc-gbtc and fdlxx ride shotgun for all investable assets .so 20% in total .

actually it isnt a mix i though of , it is paul tudor jones

[modeljc]

i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.

holy shit MJ has more hodl BTC than I do.

i do hold a lot dollar wise but as a piece of the total it is 5% .

my little hedge portion of gld-dbc-gbtc and fdlxx ride shotgun for all investable assets .so 20% in total .

actually it isnt a mix i though of , it is paul tudor jones

do you rebalance each year or what?

[mathjak107]

i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.

holy shit MJ has more hodl BTC than I do.

i do hold a lot dollar wise but as a piece of the total it is 5% .

my little hedge portion of gld-dbc-gbtc and fdlxx ride shotgun for all investable assets .so 20% in total .

actually it isnt a mix i though of , it is paul tudor jones

do you rebalance each year or what?

yes i will rebalance … likely each year since volatility is crazy

looking at today gold is down almost 1% , commodities up almost 2% and gbtc bitcoin up 3.50%

[modeljc]

i hold 5% in gold , 5% bitcoin , 5% commodities and 5% cash flying fighter cover as opposed to the big position in gold . i dont feel gold alone is diversified enough anymore with all the alternatives.

holy shit MJ has more hodl BTC than I do.

i do hold a lot dollar wise but as a piece of the total it is 5% .

my little hedge portion of gld-dbc-gbtc and fdlxx ride shotgun for all investable assets .so 20% in total .

actually it isnt a mix i though of , it is paul tudor jones

do you rebalance each year or what?

yes i will rebalance … likely each year since volatility is crazy

looking at today gold is down almost 1% , commodities up almost 2% and gbtc bitcoin up 3.50%

Portfolio Visualizer has a 5 year annual return of +50% with a rebalance each year. Does the 20% discount bother you on GBTC. Do you
think it will close or get deeper with the new ETF's coming. I do think the 2% or so expense ratio will for sure need to be reduced.

[mathjak107]

as far as gbtc i couldn't care less ..i have good gains from it and it works fine with no wallet issues . until a better etf comes along it works well

[buddtholomew]

More pain, yay PP...not!
Worst portfolio EVER, none worse.

[Cortopassi]

More pain, yay PP...not!
Worst portfolio EVER, none worse.

Black Friday Sale!

[modeljc]

More pain, yay PP...not!
Worst portfolio EVER, none worse.

Gold will give up 5% on just talk of being hawkish. Think of an actual rate increase of a 1/16 of a point. Revist the 1980's if you doubt.

I got 25%, but the world does not believe in Gold as a hedge for anything!

[Kbg]

I got 25%, but the world does not believe in Gold as a hedge for anything!

That's because factually it isn't. The best we can say is it is non-correlated with anything which is not a bad characteristic for a portfolio asset.

[modeljc]

I got 25%, but the world does not believe in Gold as a hedge for anything!

That's because factually it isn't. The best we can say is it is non-correlated with anything which is not a bad characteristic for a portfolio asset.

Hard to take it to the bank in 1980 when it hit $850. Nice for a few months but only pain for the next 40 years vs other assets.

[ppbob]

Hard to take it to the bank in 1980 when it hit $850. Nice for a few months but only pain for the next 40 years vs other assets.

We have been in a bond bull market over that period as rates dropped from 15% down to essentially zero.

https://www.macrotrends.net/2016/10-ye ... eld-chart

As the saying goes, trends will remain until they stop.

[Kbg]

I got 25%, but the world does not believe in Gold as a hedge for anything!

That's because factually it isn't. The best we can say is it is non-correlated with anything which is not a bad characteristic for a portfolio asset.

Hard to take it to the bank in 1980 when it hit $850. Nice for a few months but only pain for the next 40 years vs other assets.

No, it did a really nice job/had a good run 2002-2012.

Finally, from 1/1/20 until now, gold beats every major US stock measurement (sharpe, CAGR, Max DD). That's a long time and at least 50% of the average investor's investing life span. However, if you split the time period in half the story is 180 between each period.

As mentioned, nice wind in the sails or an anchor.

[buddtholomew]

Sold down to 5% today.
I won’t bitch about it anymore now.
Liberating!