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Re: The GOLD scream room
Posted: Fri Jul 17, 2020 5:57 pm
by mathjak107
Libertarian666 wrote: ↑Fri Jul 17, 2020 5:37 pm
mathjak107 wrote: ↑Fri Jul 17, 2020 4:04 pm
Typical portfolios have equities as the lead horse and everything else is weak ...rebalancing actually hurts you as you pull money out of the powerful asset and move to a less capable one .
The pp is different ....gold and long term treasuries are as volatile or more volatile then stocks and the results from rebalancing are very different.
I just finished migrating the two portfolios I use in to the one pp .......
I am not comfortable at all looking out so with our portfolios at record highs I wanted to get very defensive....this is the most I ever had invested in the pp ..... each asset is 7 figures .....
All before the decimal point?
Last I looked it was
Re: The GOLD scream room
Posted: Tue Jul 21, 2020 2:04 pm
by Smith1776
Gold isn't quite at an all-time high in USD, but in CAD it has long surpassed that!
- gold.png (28.88 KiB) Viewed 9207 times
Re: The GOLD scream room
Posted: Tue Jul 21, 2020 2:31 pm
by Libertarian666
Smith1776 wrote: ↑Tue Jul 21, 2020 2:04 pm
Gold isn't quite at an all-time high in USD, but in CAD it has long surpassed that!
gold.png
That's nothing. In Zimbabwe dollars it's at a zillion $/oz!
Re: The GOLD scream room
Posted: Tue Jul 21, 2020 2:33 pm
by Smith1776
Libertarian666 wrote: ↑Tue Jul 21, 2020 2:31 pm
That's nothing. In Zimbabwe dollars it's at a zillion $/oz!
Damn. Foiled again!
Re: The GOLD scream room
Posted: Tue Jul 21, 2020 8:35 pm
by Ad Orientem
Gold at $1861 in overnight trading. Only $39 from the record.
Re: The GOLD scream room
Posted: Tue Jul 21, 2020 9:20 pm
by Smith1776
Ad Orientem wrote: ↑Tue Jul 21, 2020 8:35 pm
Gold at $1861 in overnight trading. Only $39 from the record.
It seems Craigr was right about the PP's assets being like a rudder on a ship. They take a little time to turn. Long term bonds didn't respond immediately in the '08 crisis either, but they eventually did. Perhaps we're seeing something similar with gold here.
I suppose that makes sense though. This probably dovetails closely with the academic research concerning the momentum factor! There are limits to arbitrage and markets take time to assimilate new information.
Re: The GOLD scream room
Posted: Wed Jul 22, 2020 7:22 am
by Kriegsspiel
Shit, bros, gold is really getting up there. I'm still not used to it being a performer.
Re: The GOLD scream room
Posted: Wed Jul 22, 2020 9:17 am
by sophie
Wow this is a shock. It is also strange....since July 1, all the assets are up including long bonds. I keep thinking one of the shoes has to drop. Who knows which one it will be...and happily, it doesn't matter. Harry Browne, whereever you are, thank you!
Except of course if it's stocks, it will be poison to stock/bond portfolios like the one in my corporate retirement accounts. How I wish it allowed gold, or it would have been a PP (or GB) a long time ago.
Re: The GOLD scream room
Posted: Wed Jul 22, 2020 9:27 am
by Libertarian666
sophie wrote: ↑Wed Jul 22, 2020 9:17 am
Wow this is a shock. It is also strange....since July 1, all the assets are up including long bonds. I keep thinking one of the shoes has to drop. Who knows which one it will be...and happily, it doesn't matter. Harry Browne, whereever you are, thank you!
Except of course if it's stocks, it will be poison to stock/bond portfolios like the one in my corporate retirement accounts. How I wish it allowed gold, or it would have been a PP (or GB) a long time ago.
Can you take an in-service rollover from your corporate retirement account(s)? Some corporations allow that.
Re: The GOLD scream room
Posted: Wed Jul 22, 2020 10:38 am
by sophie
It's unfortunately a rather restrictive plan. I had already looked into in-service rollovers, and my employer doesn't allow them. I've also asked about brokerage windows, same response. I'm just thankful it's at Vanguard and not one of those awful high fee places like John Hancock.
Re: The GOLD scream room
Posted: Wed Jul 22, 2020 11:18 am
by buddtholomew
The PP and Gold have performed above any of my expectations.
I stopped tracking Golds performance after loss harvesting to offset gains in other assets and switching between GLD/IAU but according to VG I now have a 92% gain LTD on my holdings
Re: The GOLD scream room
Posted: Wed Jul 22, 2020 4:12 pm
by Ad Orientem
Gold up another 1.4% to $1870. Now within striking distance of all time record of $1900 which is also probably the near term resistance.
Re: The GOLD scream room
Posted: Thu Jul 23, 2020 10:39 am
by buddtholomew
1897.90
Going to buy some now, so here comes 1900.
Darn only pushed it up to 1898.50.
Anyone else want to contribute some?
Re: The GOLD scream room
Posted: Thu Jul 23, 2020 11:20 am
by WhiteElephant
buddtholomew wrote: ↑Wed Jul 22, 2020 11:18 am
The PP and Gold have performed above any of my expectations.
I stopped tracking Golds performance after loss harvesting to offset gains in other assets and switching between GLD/IAU but according to VG I now have a 92% gain LTD on my holdings
It feels great (and weird!) to have a portfolio that's UP a few percent after everything that happened in the world. What a year it's been so far...
Who knows what will kind of other 'unthinkable' things will happen the next few months? No idea, but at least I'm not worried about my portfolio!
Re: The GOLD scream room
Posted: Thu Jul 23, 2020 11:50 am
by Libertarian666
WhiteElephant wrote: ↑Thu Jul 23, 2020 11:20 am
buddtholomew wrote: ↑Wed Jul 22, 2020 11:18 am
The PP and Gold have performed above any of my expectations.
I stopped tracking Golds performance after loss harvesting to offset gains in other assets and switching between GLD/IAU but according to VG I now have a 92% gain LTD on my holdings
It feels great (and weird!) to have a portfolio that's UP a few percent after everything that happened in the world. What a year it's been so far...
Who knows what will kind of other 'unthinkable' things will happen the next few months? No idea, but at least I'm not worried about my portfolio!
That's one of the advantages of having a disaster-oriented portfolio. When things are crazy in the world is a good time to have big gains.
Re: The GOLD scream room
Posted: Thu Jul 23, 2020 12:30 pm
by Hal
sophie wrote: ↑Wed Jul 22, 2020 9:17 am
Wow this is a shock. It is also strange....since July 1, all the assets are up including long bonds. I keep thinking one of the shoes has to drop. Who knows which one it will be...and happily, it doesn't matter. Harry Browne, whereever you are, thank you!
Except of course if it's stocks, it will be poison to stock/bond portfolios like the one in my corporate retirement accounts. How I wish it allowed gold, or it would have been a PP (or GB) a long time ago.
Could you do something like Smiths "Goldsmith PP" ?
Eg: In retirement account 2:1 Bonds to Shares. Outside 25% Gold
Re: The GOLD scream room
Posted: Fri Jul 24, 2020 8:06 am
by buddtholomew
1900.80
If you guys won’t help me I’ll have to do it myself
Re: The GOLD scream room
Posted: Fri Jul 24, 2020 8:11 am
by dualstow
buddtholomew wrote: ↑Fri Jul 24, 2020 8:06 am
1900.80
If you guys won’t help me I’ll have to do it myself
pp in 2020: Budd is a believer!
Tech, time for the cake and candle?
Re: The GOLD scream room
Posted: Fri Jul 24, 2020 8:33 am
by Libertarian666
dualstow wrote: ↑Fri Jul 24, 2020 8:11 am
buddtholomew wrote: ↑Fri Jul 24, 2020 8:06 am
1900.80
If you guys won’t help me I’ll have to do it myself
pp in 2020: Budd is a believer!
Tech, time for the cake and candle?
Looks that way. I don't think we have a cake but we should be able to come up with something appropriate!
Re: The GOLD scream room
Posted: Sat Jul 25, 2020 6:25 pm
by I Shrugged
Is Budd's joy a contrarian indicator?
Re: The GOLD scream room
Posted: Sat Jul 25, 2020 8:03 pm
by Kriegsspiel
Gold is in the 20th century now! When I started the PP it was in the Medieval era.
Shit's bananas.
Re: The GOLD scream room
Posted: Sat Jul 25, 2020 9:29 pm
by Libertarian666
Kriegsspiel wrote: ↑Sat Jul 25, 2020 8:03 pm
Gold is in the 20th century now! When I started the PP it was in the Medieval era.
Shit's bananas.
Whippersnapper!
When I started, it was in the Year of the Consulship of Rusticus and Condianus.
Re: The GOLD scream room
Posted: Sun Jul 26, 2020 8:26 am
by buddtholomew
I Shrugged wrote: ↑Sat Jul 25, 2020 6:25 pm
Is Budd's joy a contrarian indicator?
It’s more relief than joy.
Hope that helps you decide haha
Re: The GOLD scream room
Posted: Sun Jul 26, 2020 1:24 pm
by dualstow
What does an excitable gorilla do when he sees the current gold price?
Sounds about right, thank you!
Re: The GOLD scream room
Posted: Sun Jul 26, 2020 5:36 pm
by Don
buddtholomew wrote: ↑Sun Jul 26, 2020 8:26 am
I Shrugged wrote: ↑Sat Jul 25, 2020 6:25 pm
Is Budd's joy a contrarian indicator?
It’s more relief than joy.
Hope that helps you decide haha
Budd, is that you?