The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: The GOLD scream room

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ochotona wrote: Mon Oct 21, 2024 1:40 pm GOLD and US Dollar up strongly in recent weeks... at the same time? Aren't they Kryptonite to each other?
That is curious, isn’t it. I’m happy for technovelist.

The dollar is supposedly up because the economy looks strong. Gold— take your pick. Purchases in India? Anticipation of rate cuts?
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Re: The GOLD scream room

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Re: The GOLD scream room

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dualstow wrote: Mon Oct 21, 2024 2:04 pm... Gold— take your pick. ...
"tradition" /Bernanke
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Re: The GOLD scream room

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Sorry, what is the Bernanke quote?
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Re: The GOLD scream room

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dualstow wrote: Mon Oct 28, 2024 12:24 pm Sorry, what is the Bernanke quote?
From memory:

Ron Paul: do you consider gold to be money?

Ben bernanke: no. I mean it’s an asset. Would you consider treasury bills to be money?

(Later)

Ron Paul: why don’t you hold diamonds then?

Ben bernanke: … it’s tradition
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Re: The GOLD scream room

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Re: The GOLD scream room

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Thanks guys O0
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Re: The GOLD scream room

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Heh, my memory of the conversation was actually not bad! :D
1) Focus your Energy 2) Guard your Time 3) Train your Mind 4) Train your Body 5) Think for Yourself 6) Curate your Friends 7) Curate your Environment 8) Keep your Promises 9) Stay Cheerful & Constructive 10) Upgrade the World
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Re: The GOLD scream room

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:)
The journey of a thousand miles begins with a single step. -Lao Tzu
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Re: The GOLD scream room

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2780 this morning
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Re: The GOLD scream room

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dualstow wrote: Wed Oct 30, 2024 6:31 am 2780 this morning
To the moon! :)

2800.70 right now.

It doesn't feel like a bubble, not yet. Not until I hear some Gamestop-like enthusiasm.
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Re: The GOLD scream room

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I think I have to head over to Bogleheads to see what they think about gold.
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Re: The GOLD scream room

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I Shrugged wrote: Wed Oct 30, 2024 12:51 pm I think I have to head over to Bogleheads to see what they think about gold.
LOL
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Dieter
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Re: The GOLD scream room

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I Shrugged wrote: Wed Oct 30, 2024 12:51 pm I think I have to head over to Bogleheads to see what they think about gold.
Do tell what you learn :)
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Re: The GOLD scream room

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Dieter wrote: Wed Oct 30, 2024 9:55 pm
I Shrugged wrote: Wed Oct 30, 2024 12:51 pm I think I have to head over to Bogleheads to see what they think about gold.
Do tell what you learn :)
There didn't seem to be any active threads. :(
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Re: The GOLD scream room

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From Monday regarding last week:

The journey of a thousand miles begins with a single step. -Lao Tzu
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Re: The GOLD scream room

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I Shrugged wrote: Wed Oct 30, 2024 12:44 pm It doesn't feel like a bubble, not yet. Not until I hear some Gamestop-like enthusiasm.
When gold is on TikTok, time to rebalance
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Re: The GOLD scream room

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Big drop. Time to buy more?
I ordered my first platinum coin the other day. Waiting for gold to fall.
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Re: The GOLD scream room

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ochotona wrote: Thu Oct 31, 2024 10:08 am When gold is on TikTok, time to rebalance
I generally agree, but with our debt situation I feel like its still got room to move.

Won't break my heart if it pulls back $1,000. I'd just buy more. Long term, in this country with both Trump and Harris spending plans, gold is going to become a very important asset.
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Re: The GOLD scream room

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Oh me too. Would love to buy more.
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Re: The GOLD scream room

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I think we have a buyable dip in gold. The medium and long term prospect is more US debt, tariffs causing inflation, jawboning the short term interest rates down (or pushing Powell out and getting an inflation dove in who will tend to lower rates), all of this means a financial repression regime... interest rates lower than the rate of inflation. It's very bullish for gold over the next few years, not a great environment for cash savers, of course.

I have a few $ given to me in my Roth Miners account by Fidelity's fully paid security lending program... someone was shorting one of my stocks, and borrowed my shares... they are making out on their trade, but my time scale is different so I'm going to town with my $17 and buying more.
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Re: The GOLD scream room

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ochotona wrote: Wed Nov 06, 2024 8:20 am I think we have a buyable dip in gold. The medium and long term prospect is more US debt, tariffs causing inflation, jawboning the short term interest rates down (or pushing Powell out and getting an inflation dove in who will tend to lower rates), all of this means a financial repression regime... interest rates lower than the rate of inflation. It's very bullish for gold over the next few years, not a great environment for cash savers, of course.

I have a few $ given to me in my Roth Miners account by Fidelity's fully paid security lending program... someone was shorting one of my stocks, and borrowed my shares... they are making out on their trade, but my time scale is different so I'm going to town with my $17 and buying more.
What has been the short-term reaction of gold to the election results?
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Re: The GOLD scream room

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It dumped to about $2660 now. Almost 5% off the peak.
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Re: The GOLD scream room

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ochotona wrote: Wed Nov 06, 2024 8:20 am I think we have a buyable dip in gold. The medium and long term prospect is more US debt, tariffs causing inflation, jawboning the short term interest rates down (or pushing Powell out and getting an inflation dove in who will tend to lower rates), all of this means a financial repression regime... interest rates lower than the rate of inflation. It's very bullish for gold over the next few years, not a great environment for cash savers, of course.
I've given up on trying to figure out what really drives the price of gold, ocho. It's 15% of our portfolio but I try not to have expectations. For sure Trump will pressure whoever is the Fed Chair to lower short-term rates but I can't see investors accepting lower bonds yields in general if inflation expectations are high. It's obviously super early but bond yields are up across the board today.
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