1. You aren't going to do anything about it; and
2. It bothers you when it goes down.
How about if we have a special thread here where people can post when it goes up? Then you won't have to worry about missing out!
I am hoping for sub 1200 at this point, hopefully right around Jan 1. I want weak hands flushed out and I want to rebalance to add more gold and silver and less stocks. All seemingly going in the right direction right now.
I sold IAU on 11/3/17 at a profit when it was crashing. Now I have the chance to re-buy it below where I sold it. That's a gift. I just put in a buy stop-limit so it doesn't get away from me. And if it keeps on declining, the stop won't get triggered, and I'll buy it lower still at some future date. Eventually, as I have more cash, I'll swap it for molecular gold. It really feels better to have the metal. Because it's harder to sell, so you don't.
I sold IAU on 11/3/17 at a profit when it was crashing. Now I have the chance to re-buy it below where I sold it. That's a gift. I just put in a buy stop-limit so it doesn't get away from me. And if it keeps on declining, the stop won't get triggered, and I'll buy it lower still at some future date. Eventually, as I have more cash, I'll swap it for molecular gold. It really feels better to have the metal. Because it's harder to sell, so you don't.
Molecular gold? Wow, that sounds very... technological!
buddtholomew wrote:What about the coin at 1260...forgot that one eh?
See, that prove my point. It's in my possession, I forgot about it. But the ETFs are like video games, they tempt you to buy or sell.
This is an interesting, although expected, phenomenon. The less liquid an item is, the less likely we are to be traders. We have been able to liquify objects through our markets that normally would be super illiquid (and the underlying assets truly are, regardless of how many ETFs we have). Gold is fairly liquid for a real asset. Land, is not. But we can buy and sell REITs all day.
It's a weird kind of gamification we have added to "investing".
Don't agree with me too strongly or I'm going to change my mind
For some reason, the feeling in the air today has me really liking gold as a safe haven. It is not perfect but I can't think of a better worldly insurance policy.
I was really hating it just a month or so ago.
Edit:
Of course this means that it is about to really tank hard. So probably a good time to sell.
whatchamacallit wrote:For some reason, the feeling in the air today has me really liking gold as a safe haven. It is not perfect but I can't think of a better worldly insurance policy.
I was really hating it just a month or so ago.
Edit:
Of course this means that it is about to really tank hard. So probably a good time to sell.
No offense intended to anyone but what does the "feeling in the air today" have to do with the permanent portfolio? Or whatever it was you were hating a month ago for that matter?
I read Harry Browne's book and also Craig and MT's and my impression was that the whole point of the portfolio was that it had a track record of doing well over the long haul and it would therefore free up your time and energy for other pursuits. I could be wrong but it seems to me that if you are going to keep second guessing and checking in every day then maybe this isn't the portfolio for you.
Just sayin'. Maybe some people need to make a New Years resolution not to check so often.
whatchamacallit wrote:For some reason, the feeling in the air today has me really liking gold as a safe haven. It is not perfect but I can't think of a better worldly insurance policy.
I was really hating it just a month or so ago.
Edit:
Of course this means that it is about to really tank hard. So probably a good time to sell.
No offense intended to anyone but what does the "feeling in the air today" have to do with the permanent portfolio? Or whatever it was you were hating a month ago for that matter?
I read Harry Browne's book and also Craig and MT's and my impression was that the whole point of the portfolio was that it had a track record of doing well over the long haul and it would therefore free up your time and energy for other pursuits. I could be wrong but it seems to me that if you are going to keep second guessing and checking in every day then maybe this isn't the portfolio for you.
Just sayin'. Maybe some people need to make a New Years resolution not to check so often.
It's something about gold. Shiny. Mesmerizing. Real, in your hands. Elicits more emotion. But I agree, I have been checking the PP much less lately, and guess what, it just keeps on chugging without me looking 8 times a day!