Gyroscopic Investing

My skylight’s leaking this morning under the hammering of a tropical storm, but the gold price isn’t too shabby.

dualstow wrote: ↑Tue Aug 04, 2020 10:23 am My skylight’s leaking this morning under the hammering of a tropical storm, but the gold price isn’t too shabby.

Had that ever prior happened to you? I would have loved to have had skylights but that potential leaking problem is what has forever held me back.

VInny

Yaaaaay!!! Which one of you bought gold this week and pushed the price up?

Wow.

buddtholomew wrote: ↑Tue Aug 04, 2020 12:02 pm

Do you drive a Ferrari, Budd?

2020 MBZ GLE350
2006 Honda Pilot

I’ll let you decide which car the wife drives...

Unreal!!!

With stocks and bonds both up, there's no rebalance happening anytime soon. But, my portfolio is up over 6% since July 1. Incredible...but when is the other shoe going to drop??

This happened in 2008-2009, the last time the FED pumped in piles of free money...

Anxiety provoking when all assets move in lockstep, either + or -ve. Definitely prefer +ve.

Yeah in the short term gold is indeed feeling a bit "toppy" to me. I think a small $100-200 correction would be a healthy and good thing at this point. But who knows? August and September are strong months for gold seasonally speaking. So it could continue to soar a bit longer. Also, interesting that today was also a new TLT all-time closing high (intraday high is still about 4% higher than current though). QQQ also hit an all-time closing high. Something has got to give here. Will the real bullish asset please stand up???

The gold price on my gold Apple Watch every day.

sophie wrote: ↑Tue Aug 04, 2020 1:26 pm Unreal!!!

With stocks and bonds both up, there's no rebalance happening anytime soon. But, my portfolio is up over 6% since July 1. Incredible...but when is the other shoe going to drop??

I think the more significant question is whether it is a size 100 combat boot.

AKA, the crack-up boom.

A good pickle -- I am within 0.2% of my silver band being hit. But if it does, my rebalance will have me also selling a decent amount of gold.

I don't have enough GLD to cover that, so I'd have to dip into physical, which I don't want to do.

Any thoughts of using an inverse gold ETF to rebalance negatively? Not a 2x or 3x, just a 1x so limited decay.

But I am only seeing DGZ, which has minuscule volume and very low assets.

I could just add to the lagging assets which by default will bring the % of gold and silver lower...

Cortopassi wrote: ↑Wed Aug 05, 2020 8:42 am A good pickle -- I am within 0.2% of my silver band being hit. But if it does, my rebalance will have me also selling a decent amount of gold.
...
Any thoughts of using an inverse gold ETF to rebalance negatively? Not a 2x or 3x, just a 1x so limited decay.
...

Why not just get the hell out of silver at a nice price, admittedly giving up future upside.

dualstow wrote: ↑Wed Aug 05, 2020 9:03 am

Cortopassi wrote: ↑Wed Aug 05, 2020 8:42 am A good pickle -- I am within 0.2% of my silver band being hit. But if it does, my rebalance will have me also selling a decent amount of gold.
...
Any thoughts of using an inverse gold ETF to rebalance negatively? Not a 2x or 3x, just a 1x so limited decay.
...

Why not just get the hell out of silver at a nice price, admittedly giving up future upside.

Tempted, for sure. Had been underwater for many years. But as with gold, a good portion is physical, and that is even harder to deal with because of the weight!

Yeah, I've never sold my physical gold.
I wonder if I'd trade my vp stock shares less frequently if I had some physical token, either the certificates of old or some attractive squares of wood or acrylic. Probably.

I took the easy way out, which hopefully makes sense. Took profits and rebalanced GLD and SLV to near their correct amounts without having to touch physical. It pushed cash to above my rebalance limit, but I had in 2016 dropped my cash % from 25 to 10.

This will raise it back to about 15%. I can live with that given the current crazy environment, and will change my allocation levels to that.

I have waited so long it seems to finally take some profits in gold and silver, it almost seems unreal or anticlimactic.

Cortopassi wrote: ↑Wed Aug 05, 2020 10:27 am I took the easy way out, which hopefully makes sense. Took profits and rebalanced GLD and SLV to near their correct amounts without having to touch physical. It pushed cash to above my rebalance limit, but I had in 2016 dropped my cash % from 25 to 10.

This will raise it back to about 15%. I can live with that given the current crazy environment, and will change my allocation levels to that.

I have waited so long it seems to finally take some profits in gold and silver, it almost seems unreal or anticlimactic.

Yeah any physical I buy is all meant for ideally a lifetime hold. The cost of carry (premium, storage, etc) is simply not worth it for any timeframe less than a lifetime hold, imo. I would have made the same decision and done a light rebalance on gold to avoid selling any physical.

Is gold friggin 2080 today? My yahoo finance app says it’s 2080.
CNBC says...yup.

Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.

I also captured some profits today by rebalancing out of gold. I'm as excited as anyone to see the gold price go up, but I'm still staying disciplined with maintaining a balanced portfolio.

After today's gold price pop my portfolio rolled over to a new leading digit! Woohoo!

buddtholomew wrote: ↑Thu Aug 06, 2020 9:44 am Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.

What order is that in?

Smith1776 wrote: ↑Thu Aug 06, 2020 10:00 am I also captured some profits today by rebalancing out of gold. I'm as excited as anyone to see the gold price go up, but I'm still staying disciplined with maintaining a balanced portfolio.

...

dualstow wrote: ↑Thu Aug 06, 2020 10:25 am

buddtholomew wrote: ↑Thu Aug 06, 2020 9:44 am Sorry guys, had to dial back and sold some at IAU 19.68.
Restoring AA to 40/15/15/30.

What order is that in?

Smith1776 wrote: ↑Thu Aug 06, 2020 10:00 am I also captured some profits today by rebalancing out of gold. I'm as excited as anyone to see the gold price go up, but I'm still staying disciplined with maintaining a balanced portfolio.

...

Usual DS, stocks/gold/LTT/cash

Sold 10% of total gold in an IRA to cash as my LTT duration was above 5.6 years. I can either raise cash or sell LTT’s to restore fixed income duration. Chose to capture some gold gains instead of sell LTT.

I think they call that killing 2 birds with one stone haha

I hope it continues to go up but I’m the kind of person that will perseverate on a missed opportunity to sell a little.