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.
Re: The GOLD scream room
Posted: Thu Oct 31, 2024 8:12 am
by pmbug
From Monday regarding last week:
Re: The GOLD scream room
Posted: Thu Oct 31, 2024 10:08 am
by ochotona
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
Re: The GOLD scream room
Posted: Thu Oct 31, 2024 10:37 am
by dualstow
Big drop. Time to buy more? I ordered my first platinum coin the other day. Waiting for gold to fall.
Re: The GOLD scream room
Posted: Sat Nov 02, 2024 5:19 am
by welderwannabe
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.
Re: The GOLD scream room
Posted: Sat Nov 02, 2024 6:40 am
by dualstow
Oh me too. Would love to buy more.
Re: The GOLD scream room
Posted: Wed Nov 06, 2024 8:20 am
by ochotona
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.
Re: The GOLD scream room
Posted: Wed Nov 06, 2024 10:23 am
by yankees60
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?
Re: The GOLD scream room
Posted: Wed Nov 06, 2024 10:30 am
by ochotona
It dumped to about $2660 now. Almost 5% off the peak.
Re: The GOLD scream room
Posted: Wed Nov 06, 2024 11:52 am
by barrett
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.
Re: The GOLD scream room
Posted: Thu Nov 14, 2024 2:32 pm
by dualstow
Gold is on sale as far as I’m’ concerned, while Bitcoin has of course been surging. I think it would be prudent at this juncture to sell Bitcoin and buy more gold. Only problem is, I don’t own much Bitcoin to speak of.
