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Re: Gold's Time To Shine?
Posted: Sun Dec 29, 2019 2:00 pm
by Smith1776
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.
Re: Gold's Time To Shine?
Posted: Sun Dec 29, 2019 2:28 pm
by mathjak107
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
Re: Gold's Time To Shine?
Posted: Sun Dec 29, 2019 2:41 pm
by dualstow
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.
Re: Gold's Time To Shine?
Posted: Tue Jan 07, 2020 7:40 pm
by dualstow
Not to celebrate — gold rarely goes up for happy reasons — but it’s over 1600/oz.
Re: Gold's Time To Shine?
Posted: Tue Jan 07, 2020 7:44 pm
by Smith1776
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!!
Re: Gold's Time To Shine?
Posted: Tue Jan 07, 2020 8:09 pm
by Smith1776
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.
Re: Gold's Time To Shine?
Posted: Tue Jan 07, 2020 9:29 pm
by dualstow
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.
Re: Gold's Time To Shine?
Posted: Wed Jan 08, 2020 8:34 am
by dualstow
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.
Re: Gold's Time To Shine?
Posted: Wed Jan 08, 2020 8:46 am
by Kbg
Wow...I have one lot of UGLD up 100% now. Who woulda thought?
Re: Gold's Time To Shine?
Posted: Tue Jan 21, 2020 6:11 pm
by Smith1776
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.
Re: Gold's Time To Shine?
Posted: Tue Jan 21, 2020 11:10 pm
by Kbg
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.