Search found 50 matches

by JohnnyFactor
Wed Jun 21, 2017 5:32 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 2772
Views: 580638

Re: The GOLD scream room

Yikes. I didn't know this, but should have guessed.

http://www.skynews.com.au/news/world/af ... hones.html
by JohnnyFactor
Wed Jun 21, 2017 5:04 pm
Forum: Gold
Topic: The GOLD scream room
Replies: 2772
Views: 580638

Re: The GOLD scream room

Useless but fun trivia of the day:

There is 1/1000 oz of gold in a smartphone. About $1.25 as of today.
by JohnnyFactor
Wed May 31, 2017 3:11 pm
Forum: Gold
Topic: Holding gold in retirement accounts
Replies: 44
Views: 15177

Re: Holding gold in retirement accounts

Hey sophie, just a heads up on this relevant piece from craigs book, chapter 9. You may want to ask them to clarify this further. " Storing Gold in an IRA The IRS says that American Eagle gold coins can be put into an IRA. This is probably not a good idea for two reasons: 1. Gold has no interest or ...
by JohnnyFactor
Tue May 30, 2017 9:30 am
Forum: Gold
Topic: IBM Watson says gold is very underpriced
Replies: 8
Views: 4996

Re: IBM Watson says gold is very underpriced

IBM has the potential to become the world's largest company but, at the moment, management seems hellbent on destroying it. They snowed Warren Buffett into thinking IBM was a good buy (it wasn't) and now it's backfired on them. I personally like Watson-- especially if it can tell me when to buy gold...
by JohnnyFactor
Mon May 22, 2017 3:49 pm
Forum: Permanent Portfolio Discussion
Topic: Passive vs Active Investing, and role of the PP
Replies: 45
Views: 15451

Re: Passive vs Active Investing, and role of the PP

Found this article today that says some states are beginning to declare passive investment accounts as abandoned and taking the money for themselves.

http://www.investmentnews.com/article/2 ... serAgent=1
by JohnnyFactor
Thu May 18, 2017 12:55 pm
Forum: Permanent Portfolio Discussion
Topic: The Canadian Permanent Portfolio
Replies: 9
Views: 5689

Re: The Canadian Permanent Portfolio

You don't need a large portfolio to justify using international gold storage. It is the point of the gold after all. Harry Browne once said all you need is $4,000 dollars to get started with the PP and keep $1,000 of physical gold in a Swiss bank. You need the geographical diversification, the 'hard...
by JohnnyFactor
Thu May 18, 2017 10:58 am
Forum: Permanent Portfolio Discussion
Topic: The Canadian Permanent Portfolio
Replies: 9
Views: 5689

Re: The Canadian Permanent Portfolio

Wire transfer fee: $20 If I transfer $2000 at a time, that's 1%. Waiting until I have $4000 reduces it to 0.5%, or $8000 for 0.25%. Currency conversion fee: 2.5% What my bank charges to send money in AUD or USD. Buying fee for unallocated: 1% Spread is only $3 from spot, which is excellent, but the...
by JohnnyFactor
Wed May 17, 2017 4:16 pm
Forum: Permanent Portfolio Discussion
Topic: The Canadian Permanent Portfolio
Replies: 9
Views: 5689

Re: The Canadian Permanent Portfolio

My gold is still in a state of flux. I was holding MNT but recently switched to CGL.C for the free trades. I'm starting to think it's not worth it though. The trust structure is just too deep and opaque. I don't have any physical right now but will be keeping 15% (of portfolio value) with the Perth ...
by JohnnyFactor
Tue May 16, 2017 4:13 pm
Forum: Permanent Portfolio Discussion
Topic: The Canadian Permanent Portfolio
Replies: 9
Views: 5689

Re: The Canadian Permanent Portfolio

The long-ish duration of ZFS is not bad because ZFL is a bit too short. Together, they balance out and come close to an intermediate duration fund. Not ideal, but at least it's not lop-sided. I've been back and forth on the US and international funds. Harry Browne has pointed out numerous times that...
by JohnnyFactor
Sat May 13, 2017 4:38 pm
Forum: Gold
Topic: IBM Watson says gold is very underpriced
Replies: 8
Views: 4996

Re: IBM Watson says gold is very underpriced

Yup. I can tell you from experience, binging on pizza before bed often leads to that.


Seeing the possibility of $10,000 gold makes me want to convert more to physical while it's still cheap. Imagine paying a $500 markup per coin. :o
by JohnnyFactor
Fri May 12, 2017 8:07 pm
Forum: Gold
Topic: IBM Watson says gold is very underpriced
Replies: 8
Views: 4996

IBM Watson says gold is very underpriced

In 2016, IBM fed financial data to Watson and asked for an analysis of the true value of gold. Watson concluded that gold was priced at about 2001 levels, in relative terms. Extrapolating forward to a future 2011 peak would mean gold would be $9,600 by 2026. Of course, leave it to humans to come up ...
by JohnnyFactor
Sun Mar 26, 2017 1:21 am
Forum: Gold
Topic: Any downside to bars?
Replies: 78
Views: 18916

Re: Any downside to bars?

I need to look up what Harry said about unallocated storage. I don't think he liked it, but that's not necessarily a showstopper for me. He was not a fan of unallocated storage because of third-party risk and possible confiscation. Anything beyond "a bag of gold on a shelf with your name on it" jus...