Search found 762 matches

by rickb
Sat May 15, 2010 2:48 pm
Forum: Permanent Portfolio Discussion
Topic: What causes the Permanent Portfolio to go down?
Replies: 42
Views: 25817

Re: What causes the Permanent Portfolio to go down?

I think Simata is asking about the worst total draw down, from a daily high to a subsequent daily low (not just in a single day).  Perhaps this would be a peak in 2008 to some subsequent low.  For comparison the S&P index dropped about 55% from its peak on about 10 Oct 2008 to its subsequent low...
by rickb
Sun May 02, 2010 2:14 pm
Forum: Gold
Topic: ETF's as Gold? or ETF's as anything for that matter?
Replies: 17
Views: 14801

Re: ETF's as Gold? or ETF's as anything for that matter?

The premium over NAV is something I'm not used to seeing and still trying to get my head around. Do others equate this with basically the dealer mark-up of physical bullion? Is that the best way to value whether the premium is fair or not? The premium (or, theoretically, discount) for GTU is simply...
by rickb
Mon Apr 26, 2010 1:50 pm
Forum: Gold
Topic: goldmoney.com
Replies: 4
Views: 7605

Re: goldmoney.com

it just strikes me as a maze of potential problems compared to direct ownership. I definitely agree if the comparison is to buying gold coins.  However, if the goal is to keep some portion of your gold holdings in an offshore location it's not clear to me the risks are tremendously different from o...
by rickb
Mon Apr 26, 2010 12:37 pm
Forum: Gold
Topic: goldmoney.com
Replies: 4
Views: 7605

goldmoney.com

Anyone have any experience with http://goldmoney.com/ ?  I know the basics, i.e. it's effectively an offshore bank (foreign account for US taxpayers) in which you can deposit money and then convert the money into gold (pooled).  There's a sliding fee charged to convert into gold (a premium over spot...
by rickb
Mon Apr 26, 2010 10:05 am
Forum: Gold
Topic: GTU vs. Perth Mint
Replies: 5
Views: 9794

Re: GTU vs. Perth Mint

The time to buy GTU is when the premium is down, which happens due to normal market forces and also right after additional shares are created (if you look at the news history, the last time this happened was May 12, 2009).  One way to look at it is the premium (more or less) corresponds to the marku...
by rickb
Mon Apr 26, 2010 1:32 am
Forum: Gold
Topic: GTU vs. Perth Mint
Replies: 5
Views: 9794

Re: GTU vs. Perth Mint

I don't know much about Perth (maybe someone else can comment). GTU is a Canadian trust available as a closed end fund run by the same folks who run CEF (which was founded in 1961).  CEF is a 60/40 gold/silver mix while GTU is strictly gold.  Since these are closed end funds, the current price might...