Looks like I'm setting up my own country then.MangoMan wrote: ↑Sat Dec 28, 2019 12:56 pmHa Tech beat me to it. You don't need Russia, you already have Justin.Smith1776 wrote: ↑Sat Dec 28, 2019 12:06 pmHahaha is this really how people see Canada?Libertarian666 wrote: ↑Sat Dec 28, 2019 10:10 amYou mean Canada hasn't already been taken over by the Kremlin?Smith1776 wrote: ↑Sat Dec 28, 2019 2:16 am I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:
1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger
I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?
Then why is your government so communistic?
Gold's Time To Shine?
Moderator: Global Moderator
Re: Gold's Time To Shine?
MicroMasters
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Re: Gold's Time To Shine?
Does it imply that Kremlin is communistic? LOL. Someone seems got stuck 30+ years behind....Libertarian666 wrote: ↑Sat Dec 28, 2019 10:10 am You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?
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Re: Gold's Time To Shine?
Ok, it's not Soviet. But it is still a high-tax gun-grabbing country where the health care system is so good that people come to the US for treatment if they can afford it.Smith1776 wrote: ↑Sat Dec 28, 2019 12:06 pmHahaha is this really how people see Canada?Libertarian666 wrote: ↑Sat Dec 28, 2019 10:10 amYou mean Canada hasn't already been taken over by the Kremlin?Smith1776 wrote: ↑Sat Dec 28, 2019 2:16 am I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:
1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger
I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?
Then why is your government so communistic?
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Re: Gold's Time To Shine?
Good question that no one wants to answer.MangoMan wrote: ↑Sat Dec 28, 2019 6:46 pmWhere will the people in the US who can afford it go if Bernie or Warren is elected and we end up with Medicare for all?Libertarian666 wrote: ↑Sat Dec 28, 2019 6:26 pmOk, it's not Soviet. But it is still a high-tax gun-grabbing country where the health care system is so good that people come to the US for treatment if they can afford it.Smith1776 wrote: ↑Sat Dec 28, 2019 12:06 pmHahaha is this really how people see Canada?Libertarian666 wrote: ↑Sat Dec 28, 2019 10:10 amYou mean Canada hasn't already been taken over by the Kremlin?Smith1776 wrote: ↑Sat Dec 28, 2019 2:16 am I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:
1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger
I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?
Then why is your government so communistic?
Re: Gold's Time To Shine?
You guys are hilarious.
This is obviously a can of worms, but health care is the biggest reason why I'm appreciative of living in Canada. It's also the reason I'm most hesitant about ever moving to the U.S.
I'd like to get a job at Microsoft down the line once I finish my comp sci studies (should be this year!). Fortunately, they now have an office in Vancouver!
EDIT: Just so I don't derail the thread too much, buying more gold this week! Woohoo!
This is obviously a can of worms, but health care is the biggest reason why I'm appreciative of living in Canada. It's also the reason I'm most hesitant about ever moving to the U.S.
I'd like to get a job at Microsoft down the line once I finish my comp sci studies (should be this year!). Fortunately, they now have an office in Vancouver!
EDIT: Just so I don't derail the thread too much, buying more gold this week! Woohoo!
MicroMasters
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Re: Gold's Time To Shine?
Microsoft is a pretty good place to work, depending of course on what role you are in.Smith1776 wrote: ↑Sun Dec 29, 2019 7:24 am You guys are hilarious.
This is obviously a can of worms, but health care is the biggest reason why I'm appreciative of living in Canada. It's also the reason I'm most hesitant about ever moving to the U.S.
I'd like to get a job at Microsoft down the line once I finish my comp sci studies (should be this year!). Fortunately, they now have an office in Vancouver!
EDIT: Just so I don't derail the thread too much, buying more gold this week! Woohoo!
As for health care, you'll be very fortunate to work in Vancouver because the US is only a few miles away:
https://www.usnews.com/news/best-countr ... ealth-care
Until and unless we have "single payer" here too, of course.
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Re: Gold's Time To Shine?
the waits are getting worse and worse each year .
https://www.macleans.ca/society/health/ ... igh-again/
https://www.macleans.ca/society/health/ ... igh-again/
Re: Gold's Time To Shine?
My perspective is that I'd still rather go with the Canadian health care system than the American one if given a binary choice. Though, obviously, there is bias in my perspective.
The waiting time issue is not as bad as portrayed in my humble opinion. We follow a triage system in Canada. If it's a medical emergency, you'll get in right away. If it's a bad knee that acts up when you do sports, then yeah, you'll wait a while for a surgery.
And no, I like the maplegrams, but they're just for fun. The spreads are awful as you know. I'll be going for a few full on coins this time around!
The waiting time issue is not as bad as portrayed in my humble opinion. We follow a triage system in Canada. If it's a medical emergency, you'll get in right away. If it's a bad knee that acts up when you do sports, then yeah, you'll wait a while for a surgery.
And no, I like the maplegrams, but they're just for fun. The spreads are awful as you know. I'll be going for a few full on coins this time around!
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Re: Gold's Time To Shine?
the bad guys know most are not going to be armed
Last edited by mathjak107 on Sun Dec 29, 2019 10:34 am, edited 1 time in total.
- mathjak107
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Re: Gold's Time To Shine?
i shoot back
Re: Gold's Time To Shine?
Speaking of Canada vs. U.S -- we're definitely not shooting back here in the north. Concealed every day carry is illegal here.
I do have that swiss army knife, but we all know about bringing a knife to a gun fight.
I do have that swiss army knife, but we all know about bringing a knife to a gun fight.
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Re: Gold's Time To Shine?
With a premise permit here in nyc if you carry and get caught it is just a misdemeanor.....your firearm is registered and your permit is out of class ....so lots of holders likely do carry ...it is always better to be judged by 12 then carried by 6 .
Premise permits are easy to get if you are squeaky clean here in nyc
When we had the old target hunting permit it was just a mis use of permit if you carried ...so they went to a premise permit instead hoping less would carry since it did have some penalties attached if caught
Premise permits are easy to get if you are squeaky clean here in nyc
When we had the old target hunting permit it was just a mis use of permit if you carried ...so they went to a premise permit instead hoping less would carry since it did have some penalties attached if caught
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Re: Gold's Time To Shine?
So, be sure to report on your experience, whether you get local random-year Leafs or 2020 Austrian phils or whatnot.
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Re: Gold's Time To Shine?
Not to celebrate — gold rarely goes up for happy reasons — but it’s over 1600/oz.
Re: Gold's Time To Shine?
Holy sh#t!!
MicroMasters
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Re: Gold's Time To Shine?
This brings to mind a thought I had recently about the PP's asset classes. Rather than the traditional classification, the following might be more generally accurate:
Stocks - prosperity
Gold - disaster
Bonds - deflation
Cash - inflation
Cash actually keeps up with general inflation pretty well (Tyler makes a strong argument in the link below), and the Iran event causing the gold spike speaks volumes about real and perceived disasters.
https://portfoliocharts.com/2017/05/12/ ... -investor/
Gold is inflation protection when it spirals out of control and becomes/threatens in itself to become a disaster.
Stocks - prosperity
Gold - disaster
Bonds - deflation
Cash - inflation
Cash actually keeps up with general inflation pretty well (Tyler makes a strong argument in the link below), and the Iran event causing the gold spike speaks volumes about real and perceived disasters.
https://portfoliocharts.com/2017/05/12/ ... -investor/
Gold is inflation protection when it spirals out of control and becomes/threatens in itself to become a disaster.
MicroMasters
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Re: Gold's Time To Shine?
The investing world seems to be way more resilient than it used to be. Markets just absorb all these crazy happenings in stride.
If gold isn’t back down another $20 tomorrow, then I guess something’s really up.
If gold isn’t back down another $20 tomorrow, then I guess something’s really up.
Re: Gold's Time To Shine?
Wow...I have one lot of UGLD up 100% now. Who woulda thought?
Re: Gold's Time To Shine?
https://www.cnbc.com/video/2020/01/21/r ... rview.html?
"I think you have to have a certain amount of gold in your portfolio."
Interesting interview of Ray Dalio.
"I think you have to have a certain amount of gold in your portfolio."
Interesting interview of Ray Dalio.
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Re: Gold's Time To Shine?
I get the sense Dalio's team sees the mountain of debt being built up being dealt with via inflating it away as a form of payback.