The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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ochotona
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Re: The GOLD scream room

Post by ochotona » Tue Jul 17, 2018 8:51 am

Look out below! $1231 now. Please touch $950 sometime in the next couple of years.
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Tue Jul 17, 2018 9:29 am

Garbage, trash, whatever you want to call it.
Thank god for the anti-PP assets (SCV).
That’s right, Budd is an idiot don’t listen to his whining while gold steals all your hard earned money.
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Tue Jul 17, 2018 10:04 am

Kind of sad, the angst this still causes.

My PP for the year has ranged from -1.85% to 2.66%, currently at -0.79%

Why on earth I still even look is beyond me. 2018 will likely be a lost year, whatever.
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Tue Jul 17, 2018 10:17 am

Cortopassi wrote:
Tue Jul 17, 2018 10:04 am
Kind of sad, the angst this still causes.

My PP for the year has ranged from -1.85% to 2.66%, currently at -0.79%

Why on earth I still even look is beyond me. 2018 will likely be a lost year, whatever.
I have nothing left to say either.
Can’t help but feel like a lemming although I only have 7.5% total portfolio in Gold.
Could be worse thinking about other posters here.
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eufo
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Re: The GOLD scream room

Post by eufo » Tue Jul 17, 2018 3:24 pm

Definitely looking forward to some more pain in gold. I don't have a particular target for spot that I'm wanting, but downward for now will help me accumulate.

MOAR GOLD!

A good friend of mine said I should get a parrot and be a pirate because of my gold (and now silver) coin interest.

ARRRRRR!!!! I BE TAKIN' ALL YER GOLD!

Admittedly, it's becoming a little bit of an obsession.
Don't agree with me too strongly or I'm going to change my mind
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Cortopassi
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Re: The GOLD scream room

Post by Cortopassi » Tue Jul 17, 2018 3:52 pm

eufo wrote:
Tue Jul 17, 2018 3:24 pm
Definitely looking forward to some more pain in gold. I don't have a particular target for spot that I'm wanting, but downward for now will help me accumulate.

MOAR GOLD!

A good friend of mine said I should get a parrot and be a pirate because of my gold (and now silver) coin interest.

ARRRRRR!!!! I BE TAKIN' ALL YER GOLD!

Admittedly, it's becoming a little bit of an obsession.
I'm sure I don't have to tell you, I still hear way too many people talking about it being on sale, backing up the truck, stacking more, etc. I still think gold deserves a darn good percentage, but don't get obsessed! It is a harsh mistress.
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portfolyness
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Re: The GOLD scream room

Post by portfolyness » Tue Jul 17, 2018 4:40 pm

I'm seeding a portfolio for the first time right now with non-retirement-account money (i.e. money to either spend a couple years not working or eventually buy a home with in a few years), and from my perspective gold feels like the lagging asset to be focused on lumping into first - so I've just been watching the GLDM price and buying via robinhood for the moment and buying more as things dip (e.g. bought more today @ GLDM~12.29, though have also been screaming since I bought some PHYS/goldmoney back when gold was being marketed heavily (and wasn't financially organized) in 2011).

Any reason one should be doing otherwise? I'm still keeping most money in cash/treasuries and trying to finally coerce myself into seeding my stocks allocation (VTSAX/VSIAX/some VTMGX).

Having a hard time seeing gold crash to 950 again, but do remember the days when it was valued at 800 during the '08 election / recession.


EDIT: I should've read the other posts in this thread first - there's no good call on timing. Eh,finding myself buying small amounts anyway and watching where things go.
Last edited by portfolyness on Tue Jul 17, 2018 5:03 pm, edited 3 times in total.
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eufo
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Re: The GOLD scream room

Post by eufo » Tue Jul 17, 2018 4:46 pm

Cortopassi wrote:
Tue Jul 17, 2018 3:52 pm
I'm sure I don't have to tell you, I still hear way too many people talking about it being on sale, backing up the truck, stacking more, etc.
Really? That hasn't been my experience. I hear FAR more calling gold a relic with no dividend or just not talking about gold at all. It is a hated asset right now, which makes me like it all the more.
Cortopassi wrote:
Tue Jul 17, 2018 3:52 pm
I still think gold deserves a darn good percentage, but don't get obsessed! It is a harsh mistress.
Indeed, but still worth that dance. ;)
Don't agree with me too strongly or I'm going to change my mind
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ochotona
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Re: The GOLD scream room

Post by ochotona » Tue Jul 17, 2018 5:34 pm

The hatedness needs to push it under $1000
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Wed Jul 18, 2018 9:59 am

ochotona wrote:
Tue Jul 17, 2018 8:51 am
Look out below! $1231 now. Please touch $950 sometime in the next couple of years.
Ocho, we are notorious for moving the goal posts...
When it hits 950 USD why can’t it go lower?
I suspect when it’s time to come you will wait for lower prices.
Weren’t you just recently waiting for 1280 or 1260?
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ochotona
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Re: The GOLD scream room

Post by ochotona » Wed Jul 18, 2018 10:49 am

buddtholomew wrote:
Wed Jul 18, 2018 9:59 am
ochotona wrote:
Tue Jul 17, 2018 8:51 am
Look out below! $1231 now. Please touch $950 sometime in the next couple of years.
Ocho, we are notorious for moving the goal posts...
When it hits 950 USD why can’t it go lower?
I suspect when it’s time to come you will wait for lower prices.
Weren’t you just recently waiting for 1280 or 1260?
I had a little cash, I did indeed buy some GLDM in my HSA account when gold was $1257... but I'm going to hang back and wait to see if the debacle gets worse
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Thu Jul 19, 2018 9:42 am

Is everyone sitting down?
I’ve come full circle, acceptance.
Sticking to rebalancing bands and focusing on loss harvesting.
It’s easier that way for all of us!
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