Gyroscopic Investing

It gives my eyes a very attractive glint that all the ladies love.

Same as it ever was...puke
Here’s my new saying - stocks giveth and the PP taketh

buddtholomew wrote: ↑Thu Apr 11, 2019 10:49 am Same as it ever was...puke
Here’s my new saying - stocks giveth and the PP taketh

We just need Budd to finally capitulate and sell all his gold for stocks... because I'm calling it right now, that when that inevitable day finally comes stocks will immediately start their next cyclical bear market and gold will start it's next cyclical bull market

Kriegsspiel wrote: ↑Thu Apr 11, 2019 9:59 am Think gold is useless because you can't eat it? I'm long Goldschläger.

COME AT ME NOW BOGLEHEADS

Can you eat stock certificates?
Especially when you can't even get most of them in physical form anymore...

Well that was short lived above $1300.

Cortopassi wrote: ↑Thu Apr 11, 2019 2:18 pm Well that was short lived above $1300.

Support is technically 1280-1285. It's bounced off that range 3x since January. I wouldn't even start to worry until if/when we break below that level.

MangoMan wrote: ↑Thu Apr 11, 2019 1:29 pm

Kriegsspiel wrote: ↑Thu Apr 11, 2019 10:21 am It gives my eyes a very attractive glint that all the ladies love.

You can get that same glint from vodka. It's cheaper and tastes better, too.

Good lord budd, even with alcohol you can't st... wait, MangoMan?? You too? Such a bunch of goldhäters in here.

Libertarian666 wrote: ↑Thu Apr 11, 2019 1:18 pm

Kriegsspiel wrote: ↑Thu Apr 11, 2019 9:59 am Think gold is useless because you can't eat it? I'm long Goldschläger.

COME AT ME NOW BOGLEHEADS

Can you eat stock certificates?
Especially when you can't even get most of them in physical form anymore...

The closest I've come is spices embedded in a McCormick annual report. I read about it and requested a paper copy, but I can't remember if they ever sent it to me. I think they did.

In my link upthread, KShartle said something about having a recipe for Berkshire stock and white wine with mussels.

Silver got binch slapped

ochotona wrote: ↑Thu Apr 11, 2019 4:25 pm Silver got binch slapped

Silver is great if you are a masochist.

Libertarian666 wrote: ↑Thu Apr 11, 2019 7:00 pm

ochotona wrote: ↑Thu Apr 11, 2019 4:25 pm Silver got binch slapped

Silver is great if you are a masochist.

It's so expensive to buy physical. Why bother? SLV or SIVR. I'm a buyer if the gold:silver ratio distorts more, like in the next recession silver may get dragged down because of its industrial uses. If gold is 100x more expensive, I'm a buyer of silver.

ochotona wrote: ↑Thu Apr 11, 2019 7:34 pm

Libertarian666 wrote: ↑Thu Apr 11, 2019 7:00 pm

ochotona wrote: ↑Thu Apr 11, 2019 4:25 pm Silver got binch slapped

Silver is great if you are a masochist.

It's so expensive to buy physical. Why bother? SLV or SIVR. I'm a buyer if the gold:silver ratio distorts more, like in the next recession silver may get dragged down because of its industrial uses. If gold is 100x more expensive, I'm a buyer of silver.

What does that ratio mean? Can you substitute gold for silver or vice versa?

Of course you can calculate such a ratio, but I don't see any fundamental reason why there would be any "correct" ratio, or why a particular ratio would make buying gold or silver a good idea.

By the way, Harry Browne didn't think it was meaningful.

Over a timescale of years, the ratio is range bound between 100 and 50-ish. If you buy the cheaper metal at either extreme, you may be able to make a trade, if you are patient. Definitely if we get to 95-100 it's time to really consider this. Same idea for gold vs platinum now.

You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.

Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.

buddtholomew wrote: ↑Tue Apr 16, 2019 1:22 pm You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.

Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.

Also Gold is overpriced! Selling above production cost! Not much of a store of value.

And you can't eat it!

Ahh, the 20% drop in stocks is so quickly forgotten. Let's cherry pick some dates:

modeljc wrote: ↑Tue Apr 16, 2019 2:05 pm

buddtholomew wrote: ↑Tue Apr 16, 2019 1:22 pm You know the rest...junk!
No matter what anyone tells you avoid Au like the plague.
PP not much better at all.
Thank god I reduced my allocation to the assets that go no where but down.

Where’s ugly_bird? Seems he deleted his post.
For his benefit, stocks are + ~20% YTD and precious gold is negative, that’s right negative.

Also Gold is overpriced! Selling above production cost! Not much of a store of value.

I had a beer and it helped me be clear about all the countries that are just hoping to catch a bid and get some worthless DOLLARS. It is a long list. Gold has a lot of sellers lined up for all my lifetime. A fan of the PP but!

buddtholomew wrote: ↑Tue Apr 16, 2019 1:22 pm Where’s ugly_bird? Seems he deleted his post.

I'm here and I didn't delete any posts of mine. Not my style.
As of stocks, gold etc... Honestly, I do not care. I'm a chemist, money is too boring for me. Since I chose PP I sleep well. Just repeat, I do not care. Actually I do care, I want Au or/and LTT go even further down to trigger my rebalance thresholds.

Ugly_Bird wrote: ↑Tue Apr 16, 2019 4:38 pm

buddtholomew wrote: ↑Tue Apr 16, 2019 1:22 pm Where’s ugly_bird? Seems he deleted his post.

I'm here and I didn't delete any posts of mine. Not my style.
As of stocks, gold etc... Honestly, I do not care. I'm a chemist, money is too boring for me. Since I chose PP I sleep well. Just repeat, I do not care. Actually I do care, I want Au or/and LTT go even further down to trigger my rebalance thresholds.

Well I'm sure you will get your wish soon ALA re-balance into Au and LTT's.
If you don't care then why not have a higher allocation to stocks?

buddtholomew wrote: ↑Tue Apr 16, 2019 5:46 pm If you don't care then why not have a higher allocation to stocks?

Because I do not care.

Ugly_Bird wrote: ↑Tue Apr 16, 2019 5:51 pm

buddtholomew wrote: ↑Tue Apr 16, 2019 5:46 pm If you don't care then why not have a higher allocation to stocks?

Because I do not care.

Now I’m debating with my 9 year old.
Ok, you don’t care...good for you.
Go play outside now.

Cortopassi wrote: ↑Tue Apr 16, 2019 4:02 pm And you can't eat it!

Ahh, the 20% drop in stocks is so quickly forgotten. Let's cherry pick some dates:

Here’s the thing Corto, I took advantage of the stock decline by purchasing stocks and not sitting in Gold and LTT’s hoping and praying that they will catch a bid. Sure stocks go down and up and down and up but so does Gold. Only difference I see is Stocks helping me achieve my goals whereas the other assets “were” setting me back further and further. 25% in Gold and LTT’s is just plain wrong. Period.

buddtholomew wrote: ↑Tue Apr 16, 2019 5:56 pm Go play outside now.

Yep, that's what I do. Third day of Windsurfing in Caribbeans.

I'm not really sure what the point is in coming here to post and trash the PP every single day that gold is down. It's funny how quiet it is around here on the days gold is up in comparison.

I also don't understand why you don't just sell if you really hate the assets that much. Just be done with it already. It's not worth the stress and trouble of holding onto something that obviously provokes this much anger and resentment.

Ugly_Bird wrote: ↑Tue Apr 16, 2019 4:38 pm I'm a chemist

In the British sense or the American sense?