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 Mar 24, 2020 5:41 pm

whew
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Re: The GOLD scream room

Post by Libertarian666 » Tue Mar 24, 2020 5:47 pm

There's almost $150 bid/ask spread on Kitco's gold pool.
Normal is $1.
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Re: The GOLD scream room

Post by Libertarian666 » Tue Mar 24, 2020 5:48 pm

dualstow wrote:
Tue Mar 24, 2020 5:41 pm
whew
It wasn't that much money but I still didn't want to have to explain it to my wife. :)
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Re: The GOLD scream room

Post by dualstow » Tue Mar 24, 2020 5:52 pm

Mine always asks, “Are we...doing ok?” “Yes, Dear. We’re fine.”
End of financial conversation. O0
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Re: The GOLD scream room

Post by ppnewbie » Tue Mar 24, 2020 6:06 pm

Gold up from below 1500 to 1680 to 1630. Crazy.
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Re: The GOLD scream room

Post by Ad Orientem » Tue Mar 24, 2020 6:41 pm

ppnewbie wrote:
Tue Mar 24, 2020 6:06 pm
Gold up from below 1500 to 1680 to 1630. Crazy.

Now at 1688. That was a bad year.

Eh. Maybe I'm too superstitious.
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Re: The GOLD scream room

Post by Kriegsspiel » Tue Mar 24, 2020 6:45 pm

Poor lil Kitco, looks like their site crashed.
You there, Ephialtes. May you live forever.
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Re: The GOLD scream room

Post by dualstow » Tue Mar 24, 2020 6:53 pm

Kriegsspiel wrote:
Tue Mar 24, 2020 6:45 pm
Poor lil Kitco, looks like their site crashed.
Looks ok
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Re: The GOLD scream room

Post by pmward » Mon Apr 06, 2020 7:04 pm

Gold futures are now up over $1730 for a new cycle high.
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Re: The GOLD scream room

Post by Cortopassi » Mon Apr 06, 2020 9:51 pm

On what site? The numbers are completely inconsistent!
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Re: The GOLD scream room

Post by pmward » Mon Apr 06, 2020 9:55 pm

Cortopassi wrote:
Mon Apr 06, 2020 9:51 pm
On what site? The numbers are completely inconsistent!
Gold futures contract (GC1!) on TradingView. Looks like it pulled back a bit to $1710, but still over that psychological $1700 barrier.
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Re: The GOLD scream room

Post by Libertarian666 » Mon Apr 13, 2020 12:44 pm

Today was a new 7.5 year high at 1719.
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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.
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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.
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Re: The GOLD scream room

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

Gold spot is $1784 as of this moment. Wow.
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Re: The GOLD scream room

Post by Libertarian666 » 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?
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Re: The GOLD scream room

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

Yikes! $1755 on Apmex
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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
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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.
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Re: The GOLD scream room

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

Libertarian666 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 6559 times
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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
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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.
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Re: The GOLD scream room

Post by Libertarian666 » 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!
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Re: The GOLD scream room

Post by ochotona » Tue Apr 21, 2020 2:50 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
Awesome. That would bring me to the 25% gold allocation. Past it, really.
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Re: The GOLD scream room

Post by Cortopassi » Thu Jul 02, 2020 8:13 am

Amazing, almost 2.5 months since the last post in the gold scream room!

I figured I'd post this, because I don't see or hear anything about gold lately. At all.

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