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 » Fri Jul 06, 2018 5:04 pm

Everyone keeps telling me the flavor boost is already baked in, and yet I see no option other than to participate.
Tyler wrote:
Fri Jul 06, 2018 11:54 am
I just checked, and sugar still tastes much better than flour, eggs, and baking powder. The backtesting is very consistent on this, and I'm pretty confident that trend will continue. My next batch of cookies will thus be made with 100% sugar. Wish me luck!
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eufo
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Re: The GOLD scream room

Post by eufo » Fri Jul 06, 2018 8:09 pm

I thought the most important ingredient in cookies was love. :P

I dig the cookie analogy.
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 buddtholomew » Fri Jul 06, 2018 8:51 pm

Who adds the same amount of sugar as flour?

Might as well learn to live with it since it’s staying put.
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dualstow
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Re: The GOLD scream room

Post by dualstow » Sat Jul 07, 2018 4:38 am

buddtholomew wrote:
Fri Jul 06, 2018 8:51 pm
Who adds the same amount of sugar as flour?.
https://www.allrecipes.com/recipe/7820/ ... heet-cake/
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ochotona
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Re: The GOLD scream room

Post by ochotona » Sat Jul 07, 2018 5:53 am

Gold bullion is to sugar as a gold ETF is to ... (complete this analogy)
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dualstow
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Re: The GOLD scream room

Post by dualstow » Sat Jul 07, 2018 6:27 am

ochotona wrote:
Sat Jul 07, 2018 5:53 am
Gold bullion is to sugar as a gold ETF is to ... (complete this analogy)
A(u)spertame?
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Kriegsspiel
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Re: The GOLD scream room

Post by Kriegsspiel » Sat Jul 07, 2018 6:34 am

Sugar-based demurrage currency?
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Sat Jul 07, 2018 7:13 am

dualstow wrote:
Sat Jul 07, 2018 4:38 am
buddtholomew wrote:
Fri Jul 06, 2018 8:51 pm
Who adds the same amount of sugar as flour?.
https://www.allrecipes.com/recipe/7820/ ... heet-cake/
Haha...maybe sheet cake and the PP have more in common than I imagined...
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Re: The GOLD scream room

Post by sophie » Sun Jul 08, 2018 11:32 am

Weird how in the past two pages there are three different sets of numbers for gold vs stocks since 1967. The chart that shows gold beating the pants off stocks over a 51 year period, by the way, DOES include dividends.

The original point is that you don't want to get hung up watching any particular asset slide, like stocks at various times OR gold in the past 7 years. Because, the slides can last a LONG time for either asset. This is why you want to own both even if one asset is in the crapper. It's because the duration of those slides is very large compared to your investing time horizon.

In other words and continuing this awesome Tyler analogy - bake your cookies with the oven light off and go take a walk or something instead of watching them! The antidote to short investing time horizons isn't to brood over which type of chocolate chip is melting the fastest, it's to hold more cash (storebought cookies?) so you can avoid digging into your cookies for long periods if necessary.
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l82start
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Re: The GOLD scream room

Post by l82start » Sun Jul 08, 2018 11:46 am

Image
“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
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dualstow
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Re: The GOLD scream room

Post by dualstow » Sun Jul 08, 2018 12:12 pm

O0
sophie wrote:
Sun Jul 08, 2018 11:32 am
...
In other words and continuing this awesome Tyler analogy - bake your cookies with the oven light off and go take a walk or something instead of watching them! The antidote to short investing time horizons isn't to brood over which type of chocolate chip is melting the fastest, it's to hold more cash (storebought cookies?) so you can avoid digging into your cookies for long periods if necessary.
Cash is the flour. Hey, at least I didn't say dough.
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Re: The GOLD scream room

Post by Desert » Sun Jul 08, 2018 9:24 pm

sophie wrote:
Sun Jul 08, 2018 11:32 am
Weird how in the past two pages there are three different sets of numbers for gold vs stocks since 1967. The chart that shows gold beating the pants off stocks over a 51 year period, by the way, DOES include dividends.
I don't know what's wrong with that chart, but it is absolutely incorrect. A 10,000 investment made in 1967 would have grown to:
100% Gold : $322,000
100% TSM: $1,459,000
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