The GOLD scream room

[I Shrugged]

To me gold is more insurance against financial calamity and less an inflation hedge.

I like the last post about small amounts of inflation being an "annoyance". We live in a highly manipulated market where everything remains controlled and stable, the Fed appears to have the steering wheel. We may have bigger troubles ahead when world governments have to take on and pay back debt at higher interest rates and we start to see defaults.

Some predict there would be a "dollar crisis" and look out below for the value of both cash and bonds should that happen. Along those lines the purchasing power of the dollar may drop substantially or erode over time (like it has) and the gold price may appear the same (or even go down) but you remain protected by owing it and not being in dollars . This is the illusion of stability from the Fed, it's a dirty game.

Me too.

[Desert]

Same here, Mike. I look at Gold as a combination of insurance + largely uncorrelated portfolio damper. A 10-20 percent slice of gold hasn't helped nor hurt returns significantly, so it's the best kind of insurance that comes at low/no cost.

By the way, I wanted to give a bit of praise to dualstow for gold's rise today. I'm holding dualstow responsible for gold's return in 2022, and I just like to encourage good behavior when I see it.

[barrett]

I concur with Desert. Heck of a job, Dually!

[dualstow]

I’ll see you both later at my tar and feathering

[ppnewbie]

I believe gold has a CAGR of around 7.5% over the last 5 years. So it seems to be working reasonably well.

[I Shrugged]

I believe gold has a CAGR of around 7.5% over the last 5 years. So it seems to be working reasonably well.

Stop making sense. Everyone wants to piss and moan about the last two months or whatever.

[ppnewbie]

I believe gold has a CAGR of around 7.5% over the last 5 years. So it seems to be working reasonably well.

Stop making sense. Everyone wants to piss and moan about the last two months or whatever.

I was once watching some variety show in the late 70’s and I remember a person who could mimic what another person was saying. He was an imperceptible amount behind the lead talker. Even though he looked like he was anticipating the persons words, he was actually following.

I see nearly everyone on TV doing the same. It’s super great fun to watch but who really knows what is going to happen.

[joypog]

I believe gold has a CAGR of around 7.5% over the last 5 years. So it seems to be working reasonably well.

Stop making sense. Everyone wants to piss and moan about the last two months or whatever.

what was the CAGR of bitcoin over the past 5 years?

[ppnewbie]

I believe gold has a CAGR of around 7.5% over the last 5 years. So it seems to be working reasonably well.

Stop making sense. Everyone wants to piss and moan about the last two months or whatever.

what was the CAGR of bitcoin over the past 5 years?

Based off of gbtc I think it’s 32.83%.

[joypog]

I believe gold has a CAGR of around 7.5% over the last 5 years. So it seems to be working reasonably well.

Stop making sense. Everyone wants to piss and moan about the last two months or whatever.

what was the CAGR of bitcoin over the past 5 years?

Based off of gbtc I think it’s 32.83%.

once my finances settle down, I think I'm going to throw 1% at a BTC fund just to see where it goes. Even if it ends up being a tulip, at least it's a ticket to enjoy the ride with all the other crypto zombies.

interesting article...https://www.bankrate.com/investing/bitcoin-etfs/ .....I'm most definitely NOT a bleeding edge guy, so it makes sense to wait a bit longer before throwing some cash at this joyride.

[dualstow]

Even if it ends up being a tulip

cute

[ppnewbie]

Even if it ends up being a tulip

cute

Put one percent GBTC in a HBPP in a backtest and see how it juices your returns over the last 5 years.

[dualstow]

Down to the 1830s (US$/ounce). I’m tempted to add to my allocation which is still on the light side of (PP + VP)

[dualstow]

Down to the 1830s (US$/ounce). I’m tempted to add to my allocation which is still on the light side of (PP + VP)

aaand it’s back to 1875. That was a very brief window.
Edit: although i see random year krugs are on sale at Apmex.

[Desert]

Down to the 1830s (US$/ounce). I’m tempted to add to my allocation which is still on the light side of (PP + VP)

aaand it’s back to 1875. That was a very brief window.
Edit: although i see random year krugs are on sale at Apmex.

I was impressed with how much the gold market responded to the rumor that you may be buying.

But seriously, nice little move today. It'll be interesting to see if it continues, and whether the treasury/tips market starts to show a higher predicted inflation.

"It's transitory" is beginning to feel a bit like "it's just a flesh wound."

[dualstow]

Love that black knight.
I did order a krug today.

[Desert]

For some odd reason, every discussion lately is triggering a Monty Python reference in my brain. I might be losing my mind.

Good job snagging another krug today.

[dualstow]

Nobody expects the snaggish acquisition

(Ok that was a stretch, but I did my best).

[Desert]

Nobody expects the snaggish acquisition

(Ok that was a stretch, but I did my best).

[Vil]

Love that black knight.
I did order a krug today.

Guys, what's the spread you 'enjoy' as of now with Apmex (?) ?

The dealer I use (=Tavex, one of the biggest ones in EU, and leader in Northern Europe) is now on 2.7% for some of the bullion coins..

[dualstow]

2.7% would be brilliant. I think I paid about 4.4
Apmex’s quoted spot often seems US$10 higher than what i see on Yahoo or a.j.p.m., before you even get to their markup. I use them because they get the gold to my door. And sometimes I just have to have that new 2022 coin instead of random year. They are a pleasure to work with. I bought in person at a local store when I was starting out, just buying random year coins.

[Jack Jones]

2.7% would be brilliant. I think I paid about 4.4
Apmex’s quoted spot often seems US$10 higher than what i see on Yahoo or a.j.p.m., before you even get to their markup. I use them because they get the gold to my door. And sometimes I just have to have that new 2022 coin instead of random year. They are a pleasure to work with. I bought in person at a local store when I was starting out, just buying random year coins.

One downside of newly minted coins is that you lose some, shall we say, plausible deniability? In other words, you cannot claim to have purchased a 2022 coin in 2001. However, if you received a 2001 coin in 2022, you can say you obtained it anywhere between 2001-2022.

[dualstow]

Never thought of that! All my coins are going to heirs. I do have some krugs from the 70s and 80s.

[I Shrugged]

Right now gold is the best horse at the glue factory.

[Kbg]

It is...one thing that's bugging me though. I monitor short term asset correlations pretty closely and gold is not going the direction we would like it to.

But yes, it is the least sucky. :-)