Buy gold now?

[yankees60]

Another sign that it may be propitious time to also be purchasing gold?

If so I am getting closer and closer to finally implementing a Golden Butterfly!

The Real Estate sentiment supports The Weird Portfolio.

Vinny

Americans expect gold will beat stocks as a long-term investment, according to a new Gallup poll. “The perception that gold is best has nearly doubled, rising from 15% in 2022 to 26% today. As a result, gold has overtaken stocks for second position.” Real estate is still projected to be the top performing asset, but its lead has fallen: 34% of Americans see it as the highest performer, down from a record-high 45% in 2022.

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[dualstow]

I’m tempted to buy gold, even if my initial reaction to the price sinking back down below US$2000 was that I should be buying NVDA and AI-related stocks.
Either way, I’m kind of retarded, so do the opposite

[dualstow]

I think I’ll wait until after the debt crisis is over.

[boglerdude]

Buy the rumor sell the news

[barrett]

I think I’ll wait until after the debt crisis is over.

Yeah, it's such a weird asset. Doesn't shine when it should. These congressional shenanigans should be pushing gold higher. But, then again, I think we all know that it's a manufactured "crisis".

Whenever gold dips below $2,000 that standard cartoon sound effect that connotes disappointment goes off in my head. You know, "wah wah wah wah." In fact, it's become a running joke with me and my wife. "What did gold do today?" "It got beat up" Wah, wah, wah, wah.

I decided in 2022 to lighten up on gold and add some TIPS (held to maturity in tax-deferred). Not in every account but we are diversifying our inflation protection with TIPS & I-Bonds (and stocks). Of course, in the short term TIPS can also go wah, wah, wah, wah.

[dualstow]

Doesn’t shine when it should

— totally agree, Barrett.

I think you’re talking about the sad trombone sound.
I like that, but I prefer the Price is Right Fail - https://youtu.be/_asNhzXq72w

[flyingpylon]

Doesn’t shine when it should

— totally agree, Barrett.

Does gold have an obligation to shine when people want/expect it to?

It shines when it does. ¯\_(ツ)_/¯

[yankees60]

Doesn’t shine when it should

— totally agree, Barrett.

I think you’re talking about the sad trombone sound.
I like that, but I prefer the Price is Right Fail - https://youtu.be/_asNhzXq72w

During Yankee game rain delays they do play the "Sad Sax".

https://www.facebook.com/watch/?v=310135013975982

Sad Sax

https://twitter.com/i/status/1391077820382814211

Oh no... the first sad sax of the year.

Today's Nationals-Yankees game in the Bronx begins in a rain delay

[Dieter]

Doesn’t shine when it should

— totally agree, Barrett.

Does gold have an obligation to shine when people want/expect it to?

It shines when it does. ¯\_(ツ)_/¯

Well, obviously, it SHOULD shine when _I_ expect it to

I mean, really

[dualstow]

Doesn’t shine when it should

— totally agree, Barrett.

Does gold have an obligation to shine when people want/expect it to?

It shines when it does. ¯\_(ツ)_/¯

Haha, well, I took Barrett’s “should” to mean when one would think it would shine. Not when we insist.

[Tortoise]

Doesn’t shine when it should

— totally agree, Barrett.

I think you’re talking about the sad trombone sound.
I like that, but I prefer the Price is Right Fail - https://youtu.be/_asNhzXq72w

Those are both classics. The Curb Your Enthusiasm melody is another great one for fails.

[dualstow]

Those are both classics. The Curb Your Enthusiasm melody is another great one for fails.

Yes!
I would point out that all of the music on Curb is bought from the same repository where any show can buy it- but I won’t, lest I use the wrong term and inadvertently summon that angry copyright lawyer/ manchild.

[seajay]

Doesn’t shine when it should

— totally agree, Barrett.

Does gold have an obligation to shine when people want/expect it to?

It shines when it does. ¯\_(ツ)_/¯

And a tendency to do so when most needed

Annualized rolling 36 month total returns, lowest lows over the last 20 years

Feb 28th 2009
Stock -15.24%
Gold +18.22%

Dec 31st 2015
Gold -14.45%
US stock +14.56%

[jalanlong]

To keep with the baseball theme, Oscar Gamble would say People don’t think gold be like it is. But it do.

Ron Washington would say That’s the way gold go.