Gyroscopic Investing

l82start wrote: i suspected that since i had not heard of it being done, that this kind of shady dealing was unlikely to have been wide spread, (hence the stupid question preface) it just seemed to me that when times are tough and people struggle, that (illegal or otherwise) any possibility to Arbitrage would have been jumped on..  either trade against foreign currency or hustling based on the greater fool theory...

Libertarian666 wrote: Once Roosevelt used an executive order to seize all the gold that people had left in banks for safekeeping, he raised the price slowly to $35/oz., as part of a harebrained scheme to raise commodity prices.

dualstow wrote:

Libertarian666 wrote: Once Roosevelt used an executive order to seize all the gold that people had left in banks for safekeeping, he raised the price slowly to $35/oz., as part of a harebrained scheme to raise commodity prices.

I was reviewing the wiki page on Executive Order 6102 yesterday, and while all of your post looks accurate, the page says that that safe deposit boxes were not opened or seized. You didn't mention safe deposit boxes, but I'm bringing them up because the wiki page does. If the wiki page is accurate and the story about those boxes being opened is just a hoax, then I guess a lot of people were able to keep their gold through 1933 and '34 by just leaving their gold in them, though they were unable to trade. Is that right?

ochotona wrote: GDX lost 4% today, I almost got stopped out. Maybe tomorrow.

Libertarian666 wrote:

ochotona wrote: GDX lost 4% today, I almost got stopped out. Maybe tomorrow.

It always amazes me when people supposedly using the PP use gold stocks instead of gold. I guess gold isn't volatile enough for them, and has too high an expected return?
Of course I suppose you can use anything in a VP, but why not just buy lottery tickets?

ochotona wrote: I booked a 25% profit in 12 trading days.

Fred wrote: I re-balanced into gold in December but I only brought it up to 20% because I decided to leave my stock allocation where it was at 40% and call it the Golden Butterfly. I kind of regret that right now.

buddtholomew wrote: Being gold and LTT heavy is worrisome to me.

ochotona wrote: It was totally luck. I committed $5000 to buy and hold of GDX, but the market had other ideas. I won't play again for a while.

Fred wrote:

buddtholomew wrote: Being gold and LTT heavy is worrisome to me.

I thought a read a post of yours where you were finally happy with the way the PP is going. It's sounding to me like worry is your natural state of mind.

buddtholomew wrote:

Fred wrote:

buddtholomew wrote: Being gold and LTT heavy is worrisome to me.

I thought a read a post of yours where you were finally happy with the way the PP is going. It's sounding to me like worry is your natural state of mind.

Yes, I am the resident worrier but more at peace than I have ever been with the PP.
All I'm saying is I prefer to have a bias towards equities as times of prosperity are more pleasurable than those of excess inflation, deflation or recession.

Libertarian666 wrote:

buddtholomew wrote:

Fred wrote: I thought a read a post of yours where you were finally happy with the way the PP is going. It's sounding to me like worry is your natural state of mind.

We are more alike than different. I
Yes, I am the resident worrier but more at peace than I have ever been with the PP.
All I'm saying is I prefer to have a bias towards equities as times of prosperity are more pleasurable than those of excess inflation, deflation or recession.

That's why I have a bias against equities. In times of prosperity, I can get a job and the economy is reasonably pleasant, so I don't worry about my portfolio as much. It's the other times that I want my portfolio to protect me.

dualstow wrote: I'm with you, Budd. Stocks are best, and all's well when the entire country (or world) is prospering and innovations are materializing.

At the same time, doesn't it feel good to see some red turn to black? Well, perhaps some seasoned pp'ers already have a lot of black, or all black. I'm sure a lot of tech's gold holdings are well in the black. But, aside from my gold purchase last month, all my gold is in the red. All of it. Some of it is about to breach breakeven if things continue upward. I'll be so happy just to have it at zero. Whoo-hoo!

Libertarian666 wrote: By the way, did anyone see the spike to 1216? I think it lasted 30 seconds, but we're still at 1208.

Let me guess: Yellen caved in on interest rates?

Janet Yellen Signals Caution on Rates
Federal Reserve Chairwoman Janet Yellen hinted to Congress Wednesday that the central bank had increased trepidation over the path of interest-rate increases, pointing to accumulating risks to the economy in recent weeks.

buddtholomew wrote:

dualstow wrote: I'm with you, Budd. Stocks are best, and all's well when the entire country (or world) is prospering and innovations are materializing.

At the same time, doesn't it feel good to see some red turn to black? Well, perhaps some seasoned pp'ers already have a lot of black, or all black. I'm sure a lot of tech's gold holdings are well in the black. But, aside from my gold purchase last month, all my gold is in the red. All of it. Some of it is about to breach breakeven if things continue upward. I'll be so happy just to have it at zero. Whoo-hoo!

Absolutely. My gold position is still down 10%+, but as a whole stocks, LTT's and 3% CD's have produced a respectable CAGR since 2011.

dragoncar wrote:

Buddtholomew wrote: Absolutely. My gold position is still down 10%+,

My gold is still down 20% due to contribution timing