Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=5212
How is gold being manipulated?buddtholomew wrote: Can someone explain this relationship? Can the PP succeed when gold is being so manipulated?
How is gold down 2.5% when the government of the worlds reserve currency is shutdown?AdamA wrote:How is gold being manipulated?buddtholomew wrote: Can someone explain this relationship? Can the PP succeed when gold is being so manipulated?
Perhaps the market realizes something you don't and doesn't believe the shutdown is a big deal.buddtholomew wrote: How is gold down 2.5% when the government of the worlds reserve currency is shutdown?
Or you could just hold a balanced portfolio of equities, bonds, cash and gold.buddtholomew wrote: You are right! Everything is fantastic, let's dump our gold and treasuries to buy equities now that the government is shutdown. Boy am I dumb, should have seen that from a mile away.
Seriously, Bud, this is exactly the type of situation that the PP is designed for.buddtholomew wrote: We can also resort to comedy to avoid facing reality. Thats an option.
I guess I don't understand what the problem is. Were you expecting gold to skyrocket? If so, why? Does it actually matter that it hasn't? I mean, what's the big deal here?buddtholomew wrote: We can also resort to comedy to avoid facing reality. Thats an option.
Just checked my DGLD investment, up 9% this morning.What, no more funnies now? All I did was ask a question about the relationship between gold and the government shutdown. No one said for PP investors to change their approach. That is what you inferred from my comment. What I said was, how does the market react to a government shutdown by selling gold and treasuries and buying equities.TennPaGa wrote:What reality am I not facing?buddtholomew wrote: We can also resort to comedy to avoid facing reality. Thats an option.
What should I be doing in view of the reality that you think I'm not facing?
BTW, here is reality for me:
1. I don't know what is going to happen in the future.
2. The best I can do is hedge my bets.
3. Everything else is noise.
Well my interpretation is that markets don't seem to think this is the end of the world and don't expect the economy to be affected much. But that's just my guess. Nobody really knows.buddtholomew wrote: What I said was, how does the market react to a government shutdown by selling gold and treasuries and buying equities.
Stop trying to psychoanalyze my thoughts. I had no previous conceptions about the price movement of one of the assets held in the PP and the outcome of the government shutdown. I have held DGLD in my VP ever since GS took a position in GLD. The question presented in the OP still remains.Pointedstick wrote:Well my interpretation is that markets don't seem to think this is the end of the world and don't expect the economy to be affected much. But that's just my guess. Nobody really knows.buddtholomew wrote: What I said was, how does the market react to a government shutdown by selling gold and treasuries and buying equities.
What's happening in the markets today does not appear to be what you expected, and it's obviously upsetting you. Being blindsided by gold's decline today means that you expected it to rise, which means that you were trying to predict the price movements of the asset. I would really, really encourage you to try to let go of the idea that you can predict what the markets are going to do tomorrow in response to current events. Otherwise it's going to drive you insane. It's just not worth it.
But you did ask "how is the pp going to succeed if gold is being so heavily manipulated" which suggests thatbuddtholomew wrote: What, no more funnies now? All I did was ask a question about the relationship between gold and the government shutdown. No one said for PP investors to change their approach. That is what you inferred from my comment. What I said was, how does the market react to a government shutdown by selling gold and treasuries and buying equities.
Aren't all the assets manipulated? I mean, we're talking about investing in a mixed economy with multinational corporations, heavy government regulation, and a central bank.buddtholomew wrote: These were questions not comments, but I do believe that gold is manipulated. Perhaps I am the only one and something unforseen is driving the price lower.
I would say that there is no relationship between the price of gold and a government shutdown (at least this version of a government shutdown).buddtholomew wrote: The question presented in the OP still remains.
buddtholomew wrote: I am not distraught by any means, since my gold position is adequately hedged. Again, I challenge you to identify in this thread, where I am "freaked out." Thats good advice, but not applicable here.
buddtholomew wrote: You are right! Everything is fantastic, let's dump our gold and treasuries to buy equities now that the government is shutdown. Boy am I dumb, should have seen that from a mile away.
I interpreted those statements, in conjunction with the thread title and the worry about gold being "manipulated" as evidence of your being distraught. If I have misinterpreted your feelings, I apologize.buddtholomew wrote: We can also resort to comedy to avoid facing reality. Thats an option.
i think that, based on your early wavering and concerns with daily movements, the PP forum has grown accustom to judging the emotional effects of the markets based on our very own buddtholometerbuddtholomew wrote:
Stop trying to psychoanalyze my thoughts. I had no previous conceptions about the price movement of one of the assets held in the PP and the outcome of the government shutdown. I have held DGLD in my VP ever since GS took a position in GLD. The question presented in the OP still remains.
I feel like you guys have been saying this to budd for almost a year now. Unfortunately, the PP has not "performed as advertised" unless it was advertised to experience a steady decline.AdamA wrote:Seriously, Bud, this is exactly the type of situation that the PP is designed for.buddtholomew wrote: We can also resort to comedy to avoid facing reality. Thats an option.
Stop watching the news for a month or two. Don't check your portfolio for the rest of the year. Just let some time pass and stop worrying so much about your investments. I think you'll be pleasantly surprised to see that the PP works as advertised.
+1dragoncar wrote:I feel like you guys have been saying this to budd for almost a year now. Unfortunately, the PP has not "performed as advertised" unless it was advertised to experience a steady decline.AdamA wrote:Seriously, Bud, this is exactly the type of situation that the PP is designed for.buddtholomew wrote: We can also resort to comedy to avoid facing reality. Thats an option.
Stop watching the news for a month or two. Don't check your portfolio for the rest of the year. Just let some time pass and stop worrying so much about your investments. I think you'll be pleasantly surprised to see that the PP works as advertised.