Gold is sinking. Don't look!

Discussion of the Gold portion of the Permanent Portfolio

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vnatale
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Re: Gold is sinking. Don't look!

Post by vnatale » Mon Apr 13, 2020 6:57 pm

sophie wrote:
Sat Mar 02, 2013 10:50 am
That's the point:  we don't know.  If gold goes down to 1100, almost certainly something else will be going up, probably stocks.  Are you sure you're not just letting the recent price changes influence your asset allocation?  Right now, stocks look great and I'm sure lots of people are running out to buy them.  Which could very well mean they're buying at a peak, as stocks could easily go on another downswing tomorrow.
With the benefit of great hindsight one can note that our in-house Prophetess, Sophie, offered here yet more of her unending wisdom!

Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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