That’s what Zillow is for; I use the estimate to calculate equity and total net worth monthly. My house is not an investment although it has done well in the Bay Area since my purchase in 2005.
The GOLD scream room
Moderator: Global Moderator
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: The GOLD scream room
Re: The GOLD scream room
I'm marking my gold to market each Sunday. It seems a good balance to me.
I'm kind of cheating, because I'm using APMEX's portfolio tool which is over spot. It's still a nice way to keep track of things. It makes me want to diversify into other precious metals, though... hmmm
I'm kind of cheating, because I'm using APMEX's portfolio tool which is over spot. It's still a nice way to keep track of things. It makes me want to diversify into other precious metals, though... hmmm
Don't agree with me too strongly or I'm going to change my mind
Re: The GOLD scream room
Hi Corto, how did you get peaktotrough.com to give you data for 2018? When I go to the site, it shows the last date for stocks and gold is 10/31/2017 and the last date for bonds is 12/08/2017. The site just hangs indefinitely when I try to use a date after these.
- Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: The GOLD scream room
mukramesh, Iooks like my chart has the same issue you describe, but isn't visible because of the longer date range. Darn, guess I won't be using that anymore.mukramesh wrote: ↑Mon Jun 25, 2018 3:22 pmHi Corto, how did you get peaktotrough.com to give you data for 2018? When I go to the site, it shows the last date for stocks and gold is 10/31/2017 and the last date for bonds is 12/08/2017. The site just hangs indefinitely when I try to use a date after these.
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: The GOLD scream room
Precious...haha
I have a lot of $ sitting at about breakeven (10-12 lots).
What would you do?
I have a lot of $ sitting at about breakeven (10-12 lots).
What would you do?
- Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: The GOLD scream room
Buy gold? Seriously. Who likes gold anymore? Only goes down. Market down, gold down, market up, gold down, like you recently wrote.buddtholomew wrote: ↑Wed Jun 27, 2018 8:30 amPrecious...haha
I have a lot of $ sitting at about breakeven (10-12 lots).
What would you do?
I would have to say this has got to be a low point in the mood to want to own gold. It has been bashed over and over again for 6 years. Relentless. So many fits and starts.
But what do I know? (I should trademark this)
- dualstow
- Executive Member
- Posts: 14229
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: The GOLD scream room
If I had over US$5MM, I *think* I’d buy four times a year. That figure represents confidence that I could support my lifestyle even at low interest rates and still have tons left over.buddtholomew wrote: ↑Wed Jun 27, 2018 8:30 amPrecious...haha
I have a lot of $ sitting at about breakeven (10-12 lots).
What would you do?
Since I don’t have that amount, I’m looking to buy gold at $1000 per oz, or maybe even 1100.
(I’m still within rebalancing bands, so with no new cash, I can choose to do nothing for now).
Sam Bankman-Fried sentenced to 25 years
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: The GOLD scream room
Between 1250 and 1100 is a 12% loss to existing holdings.dualstow wrote: ↑Wed Jun 27, 2018 6:14 pmIf I had over US$5MM, I *think* I’d buy four times a year. That figure represents confidence that I could support my lifestyle even at low interest rates and still have tons left over.buddtholomew wrote: ↑Wed Jun 27, 2018 8:30 amPrecious...haha
I have a lot of $ sitting at about breakeven (10-12 lots).
What would you do?
Since I don’t have that amount, I’m looking to buy gold at $1000 per oz, or maybe even 1100.
(I’m still within rebalancing bands, so with no new cash, I can choose to do nothing for now).
I want to reduce gold but then where do the proceeds go? I too can decide to do nothing or sell some for perhaps more cash. Then I’m back to looking for an entry point that will most likely end up being higher than when I sell.
- dualstow
- Executive Member
- Posts: 14229
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: The GOLD scream room
You don't have a high percentage in gold. Do you really have to reduce?
Sam Bankman-Fried sentenced to 25 years
- Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: The GOLD scream room
Exactly why I stopped trying to time things. Wrong way more than 50% of the time.buddtholomew wrote: ↑Wed Jun 27, 2018 10:04 pmThen I’m back to looking for an entry point that will most likely end up being higher than when I sell.
Look at all the gold pundits scrambling now on gold to massage their messages, maybe not 2018 but certainly 2019, blah blah. Intricate technical analysis, waves, charts, CoTs, China/India gold love trade, gold moving from west to east, all BS wrong prognostication from people who might have been right once and now think they can be right again, after being wrong for a very long time.
This is where I see comments dwindling to a fraction of what they used to be on some of these pro-gold sites. If anything, that signals to me we have reach selling exhaustion.
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: The GOLD scream room
It looks to me like the reflation story has stalled and therefore the momentum for gold as well. Just add my opinion to the mix.Cortopassi wrote: ↑Thu Jun 28, 2018 7:59 amExactly why I stopped trying to time things. Wrong way more than 50% of the time.buddtholomew wrote: ↑Wed Jun 27, 2018 10:04 pmThen I’m back to looking for an entry point that will most likely end up being higher than when I sell.
Look at all the gold pundits scrambling now on gold to massage their messages, maybe not 2018 but certainly 2019, blah blah. Intricate technical analysis, waves, charts, CoTs, China/India gold love trade, gold moving from west to east, all BS wrong prognostication from people who might have been right once and now think they can be right again, after being wrong for a very long time.
This is where I see comments dwindling to a fraction of what they used to be on some of these pro-gold sites. If anything, that signals to me we have reach selling exhaustion.
Re: The GOLD scream room
It sure seems that way.buddtholomew wrote: ↑Thu Jun 28, 2018 2:04 pmIt looks to me like the reflation story has stalled and therefore the momentum for gold as well. Just add my opinion to the mix.
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: The GOLD scream room
Dollar -.72%, Gold +.25%
Re: The GOLD scream room
I don't think any asset class likes higher interest rates.
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
- buddtholomew
- Executive Member
- Posts: 2464
- Joined: Fri May 21, 2010 4:16 pm
Re: The GOLD scream room
So awesome!
Puke
Puke
Re: The GOLD scream room
$1220, $1200 here we come
- Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: The GOLD scream room
We are rapidly approaching my PP low point for the year, which last occurred 5/1/2018. Quite a waste of 6+ months of time so far.
We all know by now when gold gets on a roll lower, usually always goes further than one thinks it will.
Sigh...
We all know by now when gold gets on a roll lower, usually always goes further than one thinks it will.
Sigh...
Re: The GOLD scream room
Nope, back up to $1250 this morning. Oh well!
If prices drop again, this might be a good time to dig up those gold receipts from several years ago when you were buying at $1600+, and tax loss harvest your coins or gold bullion shares in taxable.
If prices drop again, this might be a good time to dig up those gold receipts from several years ago when you were buying at $1600+, and tax loss harvest your coins or gold bullion shares in taxable.
Re: The GOLD scream room
Cortopassi...Cortopassi wrote: ↑Mon Jul 02, 2018 1:11 pmWe are rapidly approaching my PP low point for the year, which last occurred 5/1/2018. Quite a waste of 6+ months of time so far.
We all know by now when gold gets on a roll lower, usually always goes further than one thinks it will.
Sigh...
I suggest spending a bit of time on the Bogleheads or MMM forums where posters often claim that they'd "love" for assets (they're almost always talking exclusively about stocks) to be "on sale" during their accumulation phase because they can then buy more shares.
It's really no different for PP assets. Better to be buying those dips in 2015 and 2016 than investing at other times. You, of course, know this. I am just offering a friendly reminder. Assuming you believe that a balanced approach will help you reach your financial goals on your timeline, I wouldn't worry much about a mediocre six months.
Re: The GOLD scream room
So... if you have a capital GAIN on bullion, you get to pay the Collectibles tax
If you have a capital LOSS on bullion, do you get the enjoy the Collectibles tax rate in reverse, or do they only apply the ball and chain when you're winning?
- dualstow
- Executive Member
- Posts: 14229
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: The GOLD scream room
This poor forum is like a support group.
Sam Bankman-Fried sentenced to 25 years
Re: The GOLD scream room
It's treated like any other capital loss, where it can offset a capital gain somewhere else, or if there is none, can offset $3,000 (IIRC) per year of earned income.
So if you have a gain in a different collectible, you can get the "collectible rate" as your loss. Similarly, since your collectible rate is never higher than your earned income tax rate, the $3,000 offset per year is always at least as good as the collectable rate.