Gold, What is it Good For?

Discussion of the Gold portion of the Permanent Portfolio

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pugchief
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Gold, What is it Good For?

Post by pugchief » Fri Sep 07, 2018 9:39 am

Probably, no one here doesn't already know this, but
If you had a time machine to go back to 1970 and were able to see the future, you would absolutely add gold to a sixty forty portfolio of stocks and bonds. ... The 60/40 and the 40/40/20 end up with roughly the same terminal value, but the portfolio that includes gold had significantly lower drawdowns
Gold, What is it Good For?
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Tyler
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Re: Gold, What is it Good For?

Post by Tyler » Fri Sep 07, 2018 9:48 am

With all the reflexive gold hate out there, it's always refreshing to see a balanced article like this one. And coming from someone in the Ritholtz loop will get a lot of attention. It's a good day for gold education. :)
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Desert
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Re: Gold, What is it Good For?

Post by Desert » Fri Sep 07, 2018 5:30 pm

The portfolio described is very similar to a Golden Butterfly, also. No bond barbell, and no SCV, but darn close.
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buddtholomew
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Re: Gold, What is it Good For?

Post by buddtholomew » Thu Sep 20, 2018 10:48 am

Absolutely nothing.
Dollar up or down, gold is down or flat like a pancake.
What a waste of time and energy.
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Re: Gold, What is it Good For?

Post by sandesPalev » Wed Sep 26, 2018 4:05 am

Hi, just join the forum.
In my country, gold are still best investment since the Government maintain a good quality of Gold. Beside, Gold are used for wear-able accessories by women in here. ;D
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Re: Gold, What is it Good For?

Post by dualstow » Tue Oct 02, 2018 1:46 pm

sandesPalev wrote:
Wed Sep 26, 2018 4:05 am
Hi, just join the forum.
In my country, gold are still best investment since the Government maintain a good quality of Gold. Beside, Gold are used for wear-able accessories by women in here. ;D
I'll take a guess...Bulgaria?
de-fang the snake, said my filipino kali instructor. Shortly after that, he hit me in the head with a rattan stick.
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pugchief
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Re: Gold, What is it Good For?

Post by pugchief » Tue Oct 02, 2018 3:53 pm

For all of you haters (talking to you Budd), note that GLD was up solid today, TLT was also up, with stocks down. Just sayin'.
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Re: Gold, What is it Good For?

Post by buddtholomew » Tue Oct 02, 2018 5:02 pm

pugchief wrote:
Tue Oct 02, 2018 3:53 pm
For all of you haters (talking to you Budd), note that GLD was up solid today, TLT was also up, with stocks down. Just sayin'.
Noted fine sir.
It’s a rarety so we should not forget.
Last edited by buddtholomew on Tue Oct 02, 2018 7:16 pm, edited 1 time in total.
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Re: Gold, What is it Good For?

Post by Ugly_Bird » Tue Oct 02, 2018 5:15 pm

dualstow wrote:
Tue Oct 02, 2018 1:46 pm
sandesPalev wrote:
Wed Sep 26, 2018 4:05 am
Hi, just join the forum.
In my country, gold are still best investment since the Government maintain a good quality of Gold. Beside, Gold are used for wear-able accessories by women in here. ;D
I'll take a guess...Bulgaria?
Guessing India.
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Re: Gold, What is it Good For?

Post by dualstow » Tue Oct 02, 2018 6:30 pm

The description certainly sounds like India. I’m just guessing based on the name.
de-fang the snake, said my filipino kali instructor. Shortly after that, he hit me in the head with a rattan stick.
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Re: Gold, What is it Good For?

Post by buddtholomew » Wed Oct 03, 2018 10:07 am

pugchief wrote:
Tue Oct 02, 2018 3:53 pm
For all of you haters (talking to you Budd), note that GLD was up solid today, TLT was also up, with stocks down. Just sayin'.
Well that lasted about 1 day.
Take a look at BH Madsinger’s monthly post and you will see the the PP is DEAD LAST of all portfolios tracked over a healthy time frame. It’s just not good.
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Re: Gold, What is it Good For?

Post by pugchief » Wed Oct 03, 2018 12:35 pm

buddtholomew wrote:
Wed Oct 03, 2018 10:07 am
pugchief wrote:
Tue Oct 02, 2018 3:53 pm
For all of you haters (talking to you Budd), note that GLD was up solid today, TLT was also up, with stocks down. Just sayin'.
Well that lasted about 1 day.
Take a look at BH Madsinger’s monthly post and you will see the the PP is DEAD LAST of all portfolios tracked over a healthy time frame. It’s just not good.
I don't doubt it; the PP always lags in a bull market.
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