Gold's Time To Shine?

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: Gold's Time To Shine?

Post by dualstow » Sun Dec 29, 2019 8:26 am

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
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Re: Gold's Time To Shine?

Post by mathjak107 » Sun Dec 29, 2019 10:32 am

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.
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Re: Gold's Time To Shine?

Post by mathjak107 » Sun Dec 29, 2019 10:32 am

i shoot back
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Re: Gold's Time To Shine?

Post by Smith1776 » Sun Dec 29, 2019 2:00 pm

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.
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Re: Gold's Time To Shine?

Post by mathjak107 » Sun Dec 29, 2019 2:28 pm

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
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Re: Gold's Time To Shine?

Post by dualstow » Sun Dec 29, 2019 2:41 pm

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.
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Re: Gold's Time To Shine?

Post by dualstow » Tue Jan 07, 2020 7:40 pm

Not to celebrate — gold rarely goes up for happy reasons — but it’s over 1600/oz.
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Re: Gold's Time To Shine?

Post by Smith1776 » Tue Jan 07, 2020 7:44 pm

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!!
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The Permanent Portfolio will be safe enough to walk away from and forget about completely only if it allows for more than just the problems and hazards that are obvious today. It will have to allow for all of the unforeseeable events of the next 5, 10, 15, or 20 years.
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Re: Gold's Time To Shine?

Post by Smith1776 » Tue Jan 07, 2020 8:09 pm

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.
e + 1 = 0
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The Permanent Portfolio will be safe enough to walk away from and forget about completely only if it allows for more than just the problems and hazards that are obvious today. It will have to allow for all of the unforeseeable events of the next 5, 10, 15, or 20 years.
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Re: Gold's Time To Shine?

Post by dualstow » 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.
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Re: Gold's Time To Shine?

Post by dualstow » Wed Jan 08, 2020 8:34 am

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.
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Re: Gold's Time To Shine?

Post by Kbg » Wed Jan 08, 2020 8:46 am

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