The GOLD scream room
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The GOLD scream room
#@^^**##??++@###
Re: The GOLD scream room
Literally 5 seconds before I logged in here I checked the markets, yelled out loud a few expletives and explained to my wife about my recent hatred of gold. Then I laughed out loud when I saw this thread. So I'll join in..
@#!@$@#%#!!!!!!@$!!!!
@#!@$@#%#!!!!!!@$!!!!
- buddtholomew
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Re: The GOLD scream room
No comment. I guess I'm now in the "hold and hope" mode.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: The GOLD scream room
What's sort of ironic is people (but not me) pay good money to be scared out of their wits on these super monster rollercoasters that take you slowly click-by-click up to dizzy heights and then take you screaming down the steepest decline they can design all so you can be terrified out of your mind... and then you go around to do it all again...
Re: The GOLD scream room
If you have held your PP for even one year you have seen no overall portfolio losses of any kind.
If you want to focus on gold, here is what you are dealing with:
It doesn't look like anything worth screaming about to me. Gold is a volatile asset and its price fluctuates.
The PP is supposed to be about peace of mind. If you are freaking out about it because you tend to freak out about your investments any time they are not doing what you want them to do, then you are missing out on a lot of the benefits that the PP has to offer.
As best I can tell, the worst any recent PP investor has done is an overall decline in his portfolio of about 2%. To read some of these posts, you would think that people were having to cope with 30-40% losses like stock investors have to deal with periodically.
If you want to focus on gold, here is what you are dealing with:
It doesn't look like anything worth screaming about to me. Gold is a volatile asset and its price fluctuates.
The PP is supposed to be about peace of mind. If you are freaking out about it because you tend to freak out about your investments any time they are not doing what you want them to do, then you are missing out on a lot of the benefits that the PP has to offer.
As best I can tell, the worst any recent PP investor has done is an overall decline in his portfolio of about 2%. To read some of these posts, you would think that people were having to cope with 30-40% losses like stock investors have to deal with periodically.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: The GOLD scream room
I thought this was more a comedic expression of frustration than a true freakout. Maybe I misread.
But even the early adopter long-term PP holders have to feel at least a slight level of disgust with gold's recent performance. If not, I envy the complete emotional detachment. Some day I hope to be there.
But even the early adopter long-term PP holders have to feel at least a slight level of disgust with gold's recent performance. If not, I envy the complete emotional detachment. Some day I hope to be there.
Re: The GOLD scream room
The benefit of the mutual funds is that the individual assets are not witnessed as they go up and down.
2008 was -40% losses in stocks.
2009 was -21% losses in bonds.
2013 may be X% losses in gold?
The mutual funds hide this stuff and it makes it a lot easier for many investors to cope with the swings.
Gold is volatile. Then again, so are stocks and bonds. It's just how diversified portfolios work. There is almost always a loser among the set.
2008 was -40% losses in stocks.
2009 was -21% losses in bonds.
2013 may be X% losses in gold?
The mutual funds hide this stuff and it makes it a lot easier for many investors to cope with the swings.
Gold is volatile. Then again, so are stocks and bonds. It's just how diversified portfolios work. There is almost always a loser among the set.
Re: The GOLD scream room
annieB I thought this was a hilarious thread to start!
Just repeat the following to yourself 10 times:
Just repeat the following to yourself 10 times:
And then repeat this:What a wonderful opportunity to buy more gold.
I agree with MT - a 2% loss (at worst) while one asset has dropped 20-30% is bloody miraculous. Remember what happens to a 50/50 portfolio, or one of those horrid target date funds that are 80-90% stocks, when stocks drop that much? I remember quite well, and it's how I ended up in the land of the PP.It doesn't matter that gold is tanking, because the portfolio holds assets that are going up and overall is remarkably stable.
"Democracy is two wolves and a lamb voting on what to have for lunch." -- Benjamin Franklin
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Re: The GOLD scream room
I have a 50% allocation to Gold and I feel quite comfortable. In fact I purchased more Gold last month when it was in the mid 1300s. My advice: do not panic sell, if you are diversified which you should be with the PP then there is nothing to worry about.
Re: The GOLD scream room
My post was mostly for the humor of our human conditions.Pick one.
When I started the PP, bonds and gold were both in downtrends on
some basic monthly charts.So i invested about 35%.Now watching,waiting.
Still,sometimes I'm sure it's all to punish me.
When I started the PP, bonds and gold were both in downtrends on
some basic monthly charts.So i invested about 35%.Now watching,waiting.
Still,sometimes I'm sure it's all to punish me.
Re: The GOLD scream room
On days like today, remember that frustration like this is an opportunity for great profit!
[EDIT to label the mystery link: I imagine this is what the gold scream room looks like ]
http://tinyurl.com/ax43yfu
[EDIT to label the mystery link: I imagine this is what the gold scream room looks like ]
http://tinyurl.com/ax43yfu
Last edited by Tyler on Fri May 17, 2013 5:36 pm, edited 1 time in total.
- Pointedstick
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Re: The GOLD scream room
Indeed. And furthermore, a 0.5% one-day loss is really not very bad in the grand scheme of things…Tyler wrote: On days like today, remember that frustration like this is an opportunity for great profit!
http://tinyurl.com/ax43yfu
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan
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Re: The GOLD scream room
Well, at least when I was in stocks I only had to worry about stocks. Now I have 4 things to worry about.MediumTex wrote: The PP is supposed to be about peace of mind.
(Just joking, but there is some truth to it. Before I started the PP a few years ago I didn't give a rat's ass about the price of gold or how interest rates affected the value of long term treasury bonds).
Last edited by notsheigetz on Fri May 17, 2013 4:04 pm, edited 1 time in total.
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Re: The GOLD scream room
"GOOOOLLLLD!!!"
- buddtholomew
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Re: The GOLD scream room
WTF...GLD up 2.5% this morning!
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
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Re: The GOLD scream room
CEF is up over 4.5% as I type this, and it was down over 1% earlier. Talk about volatility!
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Re: The GOLD scream room
is the bottom in?
- buddtholomew
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Re: The GOLD scream room
who knows...short-covering perhaps. GLD has relinquished .50% in the last few minutes. Let's see how the day unwinds.murphy_p_t wrote: is the bottom in?
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: The GOLD scream room
Tracking the price of gold minute to minute is not a useful thing to do, IMHO. The declines will hurt more than the increases, and the net effect will just be rattled nerves.
I, of course, learned this lesson the hard way, but I'm glad I was able to move on to other less stressful activities.
I, of course, learned this lesson the hard way, but I'm glad I was able to move on to other less stressful activities.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
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Re: The GOLD scream room
MT...its a lot more fun than baseball stats
Re: The GOLD scream room
GTU up 5.60% today! As Cramer would say..."It's better than a stick in the eye!"
Re: The GOLD scream room
Doh I was just about to buy more but the funds were in transit.Reub wrote: GTU up 5.60% today! As Cramer would say..."It's better than a stick in the eye!"
Re: The GOLD scream room
Are those the ones you lost in the boating accident?dragoncar wrote:Doh I was just about to buy more but the funds were in transit.Reub wrote: GTU up 5.60% today! As Cramer would say..."It's better than a stick in the eye!"
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: The GOLD scream room
Sadly I'm missing the joke. Luckily (?) I still got gut at a discount today. I guess it doesn't matter much in the long run, but I'd rather buy at a discount than a premium!MediumTex wrote:Are those the ones you lost in the boating accident?dragoncar wrote:Doh I was just about to buy more but the funds were in transit.Reub wrote: GTU up 5.60% today! As Cramer would say..."It's better than a stick in the eye!"
Re: The GOLD scream room
Whenever you mention that you hold gold in a public forum, it's best to also mention that you lost it in an unfortunate boating accident.