Gyroscopic Investing

dualstow wrote:I remember that you were buying just an ounce at a time. Bigger markup that way, but it must feel better than ten coins in these volatile times.

How much more of a discount are you really going to get for 10 coins vs 1? I've never bought in bulk but then I don't buy pedestrian bullion coins either.

MachineGhost wrote:

dualstow wrote:I remember that you were buying just an ounce at a time. Bigger markup that way, but it must feel better than ten coins in these volatile times.

How much more of a discount are you really going to get for 10 coins vs 1? I've never bought in bulk but then I don't buy pedestrian bullion coins either.

I only remember the markup for when I buy the ten oz at once. I have only bought a single coin once or twice, a long time ago, but it was significantly more markup. When I was buying individual stocks, I would usually put in 5K or 10K. So, 10 coins is not that different. The trick for me is to not lazily click and buy 5K of a gold ETF like CEF online first. If I do that, then I have to wait a long time until I have enough for ten ounces.

I thought I posted something on the Deep State a year or two ago, but can't find it. Basically, the Deep State is the unelected, off-budget, military-industrial-intelligence complex that calls the shots

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Thanks. I found a wiki page. So far, it seems to mostly be about Turkey but I'm beginning to get the general idea.

dualstow wrote:Thanks. I found a wiki page. So far, it seems to mostly be about Turkey but I'm beginning to get the general idea.

https://en.wikipedia.org/wiki/Deep_stat ... ted_States

It looks like a party sold 2B in Au to drop the price to the low of the day. Gold ultimately closed unchanged.
All assets look to be moving in lockstep. Perhaps we see a bottom in stocks, bonds and gold before one or more start to rise again.

I don't want to get caught with my pants down so feel obligated to hold the 4x25 at all times. What helps psychologically when gold is going down is it only makes up 7.5% of entire portfolio (including retirement assets). I prefer moving in the direction of 4x25 in small steps, with cash to the trailing asset in 1-2% increments.

buddtholomew wrote:I don't want to get caught with my pants down so feel obligated to hold the 4x25 at all times. What helps psychologically when gold is going down is it only makes up 7.5% of entire portfolio (including retirement assets). I prefer moving in the direction of 4x25 in small steps, with cash to the trailing asset in 1-2% increments.

I thought the same way but the risk environment is increasingly rapidly, so I'm questioning if even 3 months is too long. I guess cash is not the worst position to hold too much of.

Gold closed below the dreaded 200-day MA last Friday.

1/3rd of the world's entire gold production was dumped on the (futures?) market in just a few hours last Tuesday. Supposedly a big hedge fund was being liquidated.

After it holdings fell by 10K ounces last Mon-Thurs, GLD ended up nearly 352K ounces from Monday to close out the week.

Goldman Sachs is now bullish on gold. Oh boy.

MachineGhost wrote:Gold closed below the dreaded 200-day MA last Friday.

1/3rd of the world's entire gold production was dumped on the (futures?) market in just a few hours last Tuesday. Supposedly a big hedge fund was being liquidated.

After it holdings fell by 10K ounces last Mon-Thurs, GLD ended up nearly 352K ounces from Monday to close out the week.

Goldman Sachs is now bullish on gold. Oh boy.

The TLO long treasury ETF closed below 200-day MA as well today. Fun fun fun... gold and Treasuries. How about stocks next?

And this is why it's nice to have an asset allocation where you feel comfortable shrugging and say "eh...it'll work out"*

* (Of course, it may not actually work out. But this AA makes me far less stressed with any movement in any one or two asset classes)

ochotona wrote:The TLO long treasury ETF closed below 200-day MA as well today. Fun fun fun... gold and Treasuries. How about stocks next?

You think "Tight Money" is coming, huh? That won't be pleasant for anyone, especially the PP.

And now for a little gold humor. Start at 1:12.

http://watchcartoonsonline.eu/watch/ani ... uiet-time/

The froth is finally starting to come down!

I assume the froth is really off now, being below $1200 AGAIN. And pundits back out calling for sub $1000 gold.

Did I mention my love hate relationship with gold???

Cortopassi wrote:I assume the froth is really off now, being below $1200 AGAIN. And pundits back out calling for sub $1000 gold.

Did I mention my love hate relationship with gold???

Let me be the first to predict a 100% correction of gold.

Back to $35?

No, back to $20.67!

The PP has been sucking bigly for a couple months here. No end in sight. That 14.3% up for the year seems like a very distant memory.

Sorry, I am starting to sound like the old Budd...

TLT now negative for the year, and stocks set to soon pass GLD. I bet mathjak is feeling vindicated about now.

Cortopassi wrote:The PP has been sucking bigly for a couple months here. No end in sight. That 14.3% up for the year seems like a very distant memory.

Sorry, I am starting to sound like the old Budd...

To be serious for a moment, fortunately I decided some time ago to liquefy a couple of years' expenses so I don't have to sell anything at present.

I expect this correction to end sometime in the next few months and the next leg of the gold bull market to start.

Libertarian666 wrote:I expect this correction to end sometime in the next few months and the next leg of the gold bull market to start.

I should have not tinkered and waited for the annual or band rebalance. I fully knew this was going to happen, that when I buy, things drop further. Oh well.

Cortopassi wrote:

Libertarian666 wrote:I expect this correction to end sometime in the next few months and the next leg of the gold bull market to start.

I should have not tinkered and waited for the annual or band rebalance. I fully knew this was going to happen, that when I buy, things drop further. Oh well.

I don't have much extra cash sitting around but when the tone takes a turn for the worse on here, I figure it's time to buy. Just picked up a little IAU and five long bonds. Now I'll try not to check balances for a while. I won't have any money to invest for a few months anyway.

On the other forums (Bogleheads & MMM) people would be all excited about the "buying opportunity". Don't know if this is a good time to buy or not but it's better than a couple of months ago.

Seriously, Cortopassi, buying into corrections actually can be good for long-term returns. I'm like you. I regret when my timing isn't great but I do believe in this whole PP thing works if given enough time. If not, I'll be there to commiserate with you. FWIW.

barrett wrote:

Cortopassi wrote:

Libertarian666 wrote:I expect this correction to end sometime in the next few months and the next leg of the gold bull market to start.

I should have not tinkered and waited for the annual or band rebalance. I fully knew this was going to happen, that when I buy, things drop further. Oh well.

I don't have much extra cash sitting around but when the tone takes a turn for the worse on here, I figure it's time to buy. Just picked up a little IAU and five long bonds. Now I'll try not to check balances for a while. I won't have any money to invest for a few months anyway.

On the other forums (Bogleheads & MMM) people would be all excited about the "buying opportunity". Don't know if this is a good time to buy or not but it's better than a couple of months ago.

Seriously, Cortopassi, buying into corrections actually can be good for long-term returns. I'm like you. I regret when my timing isn't great but I do believe in this whole PP thing works if given enough time. If not, I'll be there to commiserate with you. FWIW.

Corrections are great if you are in accumulation mode.

I'm not.

Libertarian666 wrote:
Corrections are great if you are in accumulation mode.

I'm not.

Per ETFreplay, the PP is up 7% YTD and is beating a global 60-40 portfolio with no gold by more than 3%. That's a correction I can get on board with.

This just another example of why 1) you shouldn't watch the markets, and 2) you need to look at the portfolio as a whole and not the individual components.

Tyler wrote:This just another example of why 1) you shouldn't watch the markets, and 2) you need to look at the portfolio as a whole and not the individual components.

Sure, and day by day I improve. But it had been so long since I've had any reasonably good yearlong gain that watching this melt from >14% up has been difficult.

Not that I would have done anything about it. In the past I might have sold, and for sure it would have felt good for a while until I would be forced to mentally make a decision about how/when to get back in. Not worth it.

Libertarian666 wrote:
Corrections are great if you are in accumulation mode.

I'm not.

Yeah, I'm not really in accumulation mode either. Just kinda winding down my working years and had a bit of cash in my Roth that could be invested.

I believe the best solution is for Cortopassi to pass along his income to me so that I can calmly run his PP for him while he pursues total world domination unhindered by daily price fluctuations.

Happy Thanksgiving to all!

Barrett, I am way past world domination stage. I just want to calmly finish my career and get my girls through college...

Tyler wrote: This just another example of why 1) you shouldn't watch the markets, and 2) you need to look at the portfolio as a whole and not the individual components.

Or you can go one step further like my wife and have very little idea how much money you even have. She just focusses on working and putting something aside, and lets me do all the gnashing of teeth. "It's a bad day for long-duration bonds" is an utterance that means nothing to her (probably as it should be!).