The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
technovelist
Executive Member
Executive Member
Posts: 5584
Joined: Wed Sep 15, 2010 11:20 pm

Re: The GOLD scream room

Post by technovelist » Mon Apr 13, 2020 12:44 pm

Today was a new 7.5 year high at 1719.
Another nod to the most beautiful equation: e + 1 = 0
User avatar
ochotona
Executive Member
Executive Member
Posts: 3175
Joined: Fri Jan 30, 2015 5:54 am

Re: The GOLD scream room

Post by ochotona » Mon Apr 13, 2020 9:48 pm

My HSA was "stuck" at a certain level for a long time, I haven't been able to contribute for a long time due to lack of eligible health insurance. I just noticed it was up to 1.4x where it was stuck at, because the miners exploded. Newmont Goldcorp has been on a great run, in earliest 2020 I acquired Metalla and that just popped, I also have Franco Nevada and Wheaton Precious Metals (all of them except Newmont are royalty & streaming companies). And gold above $1700. Great stuff.

I got my ideas from Lyn Alden.
User avatar
dualstow
Executive Member
Executive Member
Posts: 10276
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: The GOLD scream room

Post by dualstow » Tue Apr 14, 2020 8:59 am

I can get rid of my last bit of IAU today, yay!
(I don’t know exactly what it will look like on tax forms, Sophie, but it feels like breakeven).
The *lowest* per-ounce quote I can find right now is US $1730, wow.
Still stuck with some PHYS.
User avatar
Smith1776
Executive Member
Executive Member
Posts: 1193
Joined: Fri Apr 21, 2017 6:01 pm

Re: The GOLD scream room

Post by Smith1776 » Tue Apr 14, 2020 9:47 am

Gold spot is $1784 as of this moment. Wow.
For the money you can't afford to lose, why would you invest it in anything other than the PP? ???
Check out the Goldsmith PP: https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=9613
User avatar
technovelist
Executive Member
Executive Member
Posts: 5584
Joined: Wed Sep 15, 2010 11:20 pm

Re: The GOLD scream room

Post by technovelist » Tue Apr 14, 2020 10:42 am

Smith1776 wrote:
Tue Apr 14, 2020 9:47 am
Gold spot is $1784 as of this moment. Wow.
I haven't seen that high a print. Where did you see it?
Another nod to the most beautiful equation: e + 1 = 0
ppnewbie
Senior Member
Senior Member
Posts: 148
Joined: Fri May 03, 2019 6:04 pm

Re: The GOLD scream room

Post by ppnewbie » Tue Apr 14, 2020 11:14 am

Yikes! $1755 on Apmex
User avatar
dualstow
Executive Member
Executive Member
Posts: 10276
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: The GOLD scream room

Post by dualstow » Tue Apr 14, 2020 11:30 am

ppnewbie wrote:
Tue Apr 14, 2020 11:14 am
Yikes! $1755 on Apmex
Plus over $100 spread, booooo
User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3186
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Re: The GOLD scream room

Post by Ad Orientem » Tue Apr 14, 2020 4:32 pm

Physical metal is still way too pricey. IAU will have to do for now.
User avatar
Smith1776
Executive Member
Executive Member
Posts: 1193
Joined: Fri Apr 21, 2017 6:01 pm

Re: The GOLD scream room

Post by Smith1776 » Wed Apr 15, 2020 7:12 am

technovelist wrote:
Tue Apr 14, 2020 10:42 am
Smith1776 wrote:
Tue Apr 14, 2020 9:47 am
Gold spot is $1784 as of this moment. Wow.
I haven't seen that high a print. Where did you see it?
Looks like I caught it on one of those brief spikes on the chart. Talk about timing.



gold price.png
gold price.png (108.95 KiB) Viewed 317 times
For the money you can't afford to lose, why would you invest it in anything other than the PP? ???
Check out the Goldsmith PP: https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=1&t=9613
User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3186
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Re: The GOLD scream room

Post by Ad Orientem » Tue Apr 21, 2020 12:41 pm

Bank of America... "The Fed can't print gold"

BofA says gold is going to $3000/oz.
https://www.bloombergquint.com/business ... print-gold
User avatar
dualstow
Executive Member
Executive Member
Posts: 10276
Joined: Wed Oct 27, 2010 10:18 am
Contact:

Re: The GOLD scream room

Post by dualstow » Tue Apr 21, 2020 1:05 pm

Ad Orientem wrote:
Tue Apr 21, 2020 12:41 pm
Bank of America... "The Fed can't print gold"

BofA says gold is going to $3000/oz.
https://www.bloombergquint.com/business ... print-gold
If it does, I'm picturing Tech and Mrs Tech popping the champagne.
User avatar
technovelist
Executive Member
Executive Member
Posts: 5584
Joined: Wed Sep 15, 2010 11:20 pm

Re: The GOLD scream room

Post by technovelist » Tue Apr 21, 2020 2:46 pm

dualstow wrote:
Tue Apr 21, 2020 1:05 pm
Ad Orientem wrote:
Tue Apr 21, 2020 12:41 pm
Bank of America... "The Fed can't print gold"

BofA says gold is going to $3000/oz.
https://www.bloombergquint.com/business ... print-gold
If it does, I'm picturing Tech and Mrs Tech popping the champagne.
Yes, that would be nice. Perhaps we should take a picture of our celebratory toast!
Another nod to the most beautiful equation: e + 1 = 0
Post Reply