The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: The GOLD scream room

Post by dualstow » Tue May 09, 2017 8:52 pm

ochotona wrote:I got a few gold Buffalo coins on this last dip, they are cool! These are my first.
I have one from the mint, from before I was an investor in gold. Neat coin.
RIP Marcello Gandini
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Re: The GOLD scream room

Post by Cortopassi » Wed May 17, 2017 1:33 pm

Gold and bonds saving the day, actually adding to the day, quite nicely.

I don't know why, but these days are SO much more satisfying than a stock up day.
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Re: The GOLD scream room

Post by Libertarian666 » Wed May 17, 2017 1:42 pm

Cortopassi wrote:Gold and bonds saving the day, actually adding to the day, quite nicely.

I don't know why, but these days are SO much more satisfying than a stock up day.
I know why. It's because on a "stock up" day, everyone who is 100% into the stock market is doing better than you are.
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Re: The GOLD scream room

Post by dualstow » Wed May 17, 2017 4:36 pm

Exactly.
RIP Marcello Gandini
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Re: The GOLD scream room

Post by whatchamacallit » Mon Jun 19, 2017 7:38 pm

Is it just me or is gold feeling really out of favor lately?

How low will it go.
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Re: The GOLD scream room

Post by eufo » Mon Jun 19, 2017 8:08 pm

Yeah, it's been in the dumps... It's a very hated asset. Sometimes I hate it.
Don't agree with me too strongly or I'm going to change my mind
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Re: The GOLD scream room

Post by Libertarian666 » Mon Jun 19, 2017 9:04 pm

eufo wrote:Yeah, it's been in the dumps... It's a very hated asset. Sometimes I hate it.
Not me.

But that may be partly because I have enough cash to last for several years without selling any more.
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Re: The GOLD scream room

Post by eufo » Tue Jun 20, 2017 7:31 am

Libertarian666 wrote:
eufo wrote:Yeah, it's been in the dumps... It's a very hated asset. Sometimes I hate it.
Not me.

But that may be partly because I have enough cash to last for several years without selling any more.
Maybe, but I don't need to sell any, nor have I ever sold any and I still kinda hate it sometimes. If it drops more I'll pick up some more.
Don't agree with me too strongly or I'm going to change my mind
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Re: The GOLD scream room

Post by dualstow » Tue Jun 20, 2017 7:37 am

It's hard to buy unloved assets.
If I stick with the pp, I've got to stick with gold. At least I'm lowering my avg cost.
RIP Marcello Gandini
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Re: The GOLD scream room

Post by Cortopassi » Tue Jun 20, 2017 8:09 am

Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh. :)
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Re: The GOLD scream room

Post by dualstow » Tue Jun 20, 2017 9:20 am

Cortopassi wrote:Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh. :)
And those companies are still out there. But to hang on, wondering if you're going to cut your wealth in half instead of becoming independently wealthy, hmm.. :)
RIP Marcello Gandini
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Re: The GOLD scream room

Post by Cortopassi » Tue Jun 20, 2017 9:25 am

dualstow wrote:
Cortopassi wrote:Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh. :)
And those companies are still out there. But to hang on, wondering if you're going to cut your wealth in half instead of becoming independently wealthy, hmm.. :)

Palm was the company that was supposed to make me rich. Worked there from 1999-2003 in a local Chicago office, when they shut us down and outsourced engineering. We really, really, really should have been what Apple is if upper management had any clue. ALL my options were always under water. Another aargh:

"3Com made the Palm subsidiary an independent, publicly traded company on March 1, 2000, and it traded on the NASDAQ under the ticker symbol PALM. Palm Inc had its IPO during the dot-com bubble and in its first day of trading the shares of the new company hit an all-time high of US$95.06.[9] But competition and the end of the tech bubble caused Palm's shares to lose 90% of their value in just over a year. By June 2001 the company's shares were trading at US$6.50, making it the worst performing PDA manufacturer on the NASDAQ index at the time.[9]"
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Re: The GOLD scream room

Post by dualstow » Tue Jun 20, 2017 9:29 am

Ouch. Imagine going all in on that one.
I'll take gold, thank you. O0
RIP Marcello Gandini
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Re: The GOLD scream room

Post by Libertarian666 » Tue Jun 20, 2017 12:18 pm

Cortopassi wrote:Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh. :)
Yes, that would have been very easy.

All you had to do was to pick one of those companies out of the much LONGER list of companies that went broke.

Why didn't I think of that?
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Re: The GOLD scream room

Post by ochotona » Tue Jun 20, 2017 12:57 pm

I loved my Palm OS Handspring device back in the day. Only equaled when I got a smartphone. There were some dead years in there when I didn't have the device I really wanted.
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Re: The GOLD scream room

Post by Cortopassi » Tue Jun 20, 2017 1:21 pm

Libertarian666 wrote:
Cortopassi wrote:Oh, I hate it a lot at times too.

Crazy to think there's a long list of individual companies if you went all in on (as some do in gold) 10-15-20 years ago that you'd be retired and living like a king right now. Netflix anyone? Aargh. :)
Yes, that would have been very easy.

All you had to do was to pick one of those companies out of the much LONGER list of companies that went broke.

Why didn't I think of that?
Sure! And hold through all the downturns too...!
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Re: The GOLD scream room

Post by Cortopassi » Tue Jun 20, 2017 1:31 pm

ochotona wrote:I loved my Palm OS Handspring device back in the day. Only equaled when I got a smartphone. There were some dead years in there when I didn't have the device I really wanted.
Amazing the changes in the world in the past 10-15 years. Your cell phone has replaced, generally:

--Home phone
--Camera
--Radio/Stereo
--TV for many younger people
--Watch
--Computer
--GPS unit
--Video game machine
--Interpersonal relationships...

What else? Damn.
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Re: The GOLD scream room

Post by dualstow » Tue Jun 20, 2017 1:34 pm

Some of this is covered under your broader entries, but:

flashlight
alarm clock
meeting places // know what I mean?
microphone
notepad
calculator
scanner
star charts & telescope // apps like sky safari and star walk
road maps

for sidewalk thieves, it has largely replaced the purse, it seems.

Last week, I was out of town with my dad and my mom called him to read a recipe over the phone from her box of index cards. I was going to suggest that he just snap a photo of it, but it was kind of charming to just listen to half of the conversation between entries.
RIP Marcello Gandini
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Re: The GOLD scream room

Post by JohnnyFactor » Wed Jun 21, 2017 5:04 pm

Useless but fun trivia of the day:

There is 1/1000 oz of gold in a smartphone. About $1.25 as of today.
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Re: The GOLD scream room

Post by dualstow » Wed Jun 21, 2017 5:06 pm

Cool. I wonder how much the cobalt is worth.
RIP Marcello Gandini
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Re: The GOLD scream room

Post by JohnnyFactor » Wed Jun 21, 2017 5:32 pm

Yikes. I didn't know this, but should have guessed.

http://www.skynews.com.au/news/world/af ... hones.html
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Re: The GOLD scream room

Post by dualstow » Wed Jun 21, 2017 5:41 pm

I was about to say it's well known, but I was thinking of the recycling end of it. Young kids burnng off the plastic and inhaling the fumes.

I guess the gold picture isn't much prettier.
RIP Marcello Gandini
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Re: The GOLD scream room

Post by Libertarian666 » Mon Jun 26, 2017 1:43 pm

Ok, everyone can blame me for today's drop. I bought a couple of ounces last night. :P
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Re: The GOLD scream room

Post by ochotona » Mon Jun 26, 2017 9:28 pm

I an having more dreams of $1200 now
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Re: The GOLD scream room

Post by dualstow » Mon Jul 03, 2017 8:54 am

Gold's on sale today.
RIP Marcello Gandini
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