Gyroscopic Investing

MangoMan wrote: ↑Sat Dec 28, 2019 12:56 pm

Smith1776 wrote: ↑Sat Dec 28, 2019 12:06 pm

Libertarian666 wrote: ↑Sat Dec 28, 2019 10:10 am

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?

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

Hahaha is this really how people see Canada?

Ha Tech beat me to it. You don't need Russia, you already have Justin.

Looks like I'm setting up my own country then.

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?

Does it imply that Kremlin is communistic? LOL. Someone seems got stuck 30+ years behind....

Smith1776 wrote: ↑Sat Dec 28, 2019 12:06 pm

Libertarian666 wrote: ↑Sat Dec 28, 2019 10:10 am

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?

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

Hahaha is this really how people see Canada?

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.

MangoMan wrote: ↑Sat Dec 28, 2019 6:46 pm

Libertarian666 wrote: ↑Sat Dec 28, 2019 6:26 pm

Smith1776 wrote: ↑Sat Dec 28, 2019 12:06 pm

Libertarian666 wrote: ↑Sat Dec 28, 2019 10:10 am

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?

You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?

Hahaha is this really how people see Canada?

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.

Where 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?

Good question that no one wants to answer.

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!

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!

Microsoft is a pretty good place to work, depending of course on what role you are in.

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.

Smith1776 wrote: ↑Sun Dec 29, 2019 7:24 am EDIT: Just so I don't derail the thread too much, buying more gold this week! Woohoo!

I hope it’s one ounce bullion coins this time and not those golden grams.
The cereal is fine, but stick to 1oz coins if you’re buying physical.

the waits are getting worse and worse each year .

https://www.macleans.ca/society/health/ ... igh-again/

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!

Smith1776 wrote: ↑Sun Dec 29, 2019 8:14 am ...
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!

Excellent

the bad guys know most are not going to be armed

i shoot back

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.

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

Smith1776 wrote: ↑Sun Dec 29, 2019 8:14 am ...
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!

So, be sure to report on your experience, whether you get local random-year Leafs or 2020 Austrian phils or whatnot.

Not to celebrate — gold rarely goes up for happy reasons — but it’s over 1600/oz.

dualstow wrote: ↑Tue Jan 07, 2020 7:40 pm Not to celebrate — gold rarely goes up for happy reasons — but it’s over 1600/oz.

Holy sh#t!!

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.

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.

dualstow wrote: ↑Tue Jan 07, 2020 9:29 pm 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.

It came back down. Phew.

Wow...I have one lot of UGLD up 100% now. Who woulda thought?

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 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.