The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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Hal
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Re: The GOLD scream room

Post by Hal » Wed Nov 14, 2018 6:47 pm

Budd,

Before you stress out too much on Gold, have a listen to Harry.

http://web.archive.org/web/201604021622 ... wne/radio/

Gold talk is dated Sept 19, 2004

Hope you can have a good nights sleep afterwards,
Hal
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Wed Nov 14, 2018 8:30 pm

Ad Orientem wrote:
Wed Nov 14, 2018 6:34 pm
If that's what makes you comfortable then go for it. Just stick with whatever asset allocation you decide on. Switching portfolios because you are unhappy with how one asset is performing also means locking in losses.
It’s a tax loss for now and possibly a TLH with rebuy in 31 days.

If gold goes up I still have the lion’s share invested and that should be sufficient.
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Re: The GOLD scream room

Post by boglerdude » Thu Nov 15, 2018 12:04 am

Budd's right, gold is moribund. For centuries it was needed for trade, but now we have fiat. Yes fiat burns up but thats the idea, you're not supposed to hold it. As India evolves, they'll drop gold too. It might still have some utility as a measuring stick.

Edit: Fun story about gold in Iran
https://www.bloomberg.com/news/articles ... peculators
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Re: The GOLD scream room

Post by dualstow » Thu Nov 15, 2018 8:59 am

I don’t know, they’ve been saying that for a looong time. Especially every time it’s down.
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Re: The GOLD scream room

Post by ochotona » Wed Nov 28, 2018 9:41 am

Look at the price performance of GLDW vs GLD since mid-April 2018. Gold's suck is purely due to the strong US dollar. If you hate gold at this time, you're betting the USD will continue strong . Hmmm... this too shall pass.

The SPDR® Long Dollar Gold Trust (NYSEArca: GLDW) offers investors an innovative way to access the gold market by removing the potential negative influence of a strong U.S. dollar (USD) on the price of gold. GLDW seeks to track the daily performance of a long position in physical gold and a long position in the US dollar against a basket of non-US currencies, including the euro (EUR), Japanese yen (JPY), the British pound (GBP), the Canadian dollar (CAD), the Swedish krona (SEK) and the Swiss franc (CHF). The structure of this ETF effectively provides investors the benefit of owning an exposure to gold as though they had purchased it using a basket of six, non-US dollar currencies.
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Re: The GOLD scream room

Post by ochotona » Wed Nov 28, 2018 12:11 pm

MangoMan wrote:
Wed Nov 28, 2018 11:00 am
ochotona wrote:
Wed Nov 28, 2018 9:41 am
Look at the price performance of GLDW vs GLD since mid-April 2018. Gold's suck is purely due to the strong US dollar. If you hate gold at this time, you're betting the USD will continue strong . Hmmm... this too shall pass.

The SPDR® Long Dollar Gold Trust (NYSEArca: GLDW) offers investors an innovative way to access the gold market by removing the potential negative influence of a strong U.S. dollar (USD) on the price of gold. GLDW seeks to track the daily performance of a long position in physical gold and a long position in the US dollar against a basket of non-US currencies, including the euro (EUR), Japanese yen (JPY), the British pound (GBP), the Canadian dollar (CAD), the Swedish krona (SEK) and the Swiss franc (CHF). The structure of this ETF effectively provides investors the benefit of owning an exposure to gold as though they had purchased it using a basket of six, non-US dollar currencies.
Isn't that the whole point of holding gold (HBPP) in the first place?
Yes it is, currency diversification.
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Re: The GOLD scream room

Post by Cortopassi » Wed Nov 28, 2018 5:25 pm

Might as well scream a little. Stocks way up because possible slowing of interest rate hike slowdown and TLT down and gold flat?

I think Budd has it right! :D
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Re: The GOLD scream room

Post by whatchamacallit » Wed Nov 28, 2018 6:01 pm

Hal wrote:
Wed Nov 14, 2018 6:47 pm
Budd,

Before you stress out too much on Gold, have a listen to Harry.

http://web.archive.org/web/201604021622 ... wne/radio/

Gold talk is dated Sept 19, 2004

Hope you can have a good nights sleep afterwards,
Hal
Good refresh. I like the part somewhere around 25 minutes about supply and DEMAND for cash in regards to inflation.
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Re: The GOLD scream room

Post by buddtholomew » Wed Nov 28, 2018 6:09 pm

Cortopassi wrote:
Wed Nov 28, 2018 5:25 pm
Might as well scream a little. Stocks way up because possible slowing of interest rate hike slowdown and TLT down and gold flat?

I think Budd has it right! :D
Speaking with my actions these days instead of voicing my displeasure. People need to see the light on their own.
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Re: The GOLD scream room

Post by dualstow » Wed Dec 12, 2018 11:55 am

Maybe it's time to review how gold is doing versus other currencies, since gold's "performance" with regard to the dollar in the short term, is really just about the dollar.
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Re: The GOLD scream room

Post by Cortopassi » Mon Dec 17, 2018 12:04 pm

In the stuff I track, with a 1 Yr return, look who's the least stinky now....

Image
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Re: The GOLD scream room

Post by stuper1 » Mon Dec 17, 2018 12:10 pm

But that's not what Harry Browne promised us. He said that every single day that stocks go down, gold will go up twice as much. Right? He did say that, didn't he? I'm pretty sure I heard that somewhere.
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Re: The GOLD scream room

Post by dualstow » Mon Dec 17, 2018 12:18 pm

stuper1 wrote:
Mon Dec 17, 2018 12:10 pm
But that's not what Harry Browne promised us. He said that every single day that stocks go down, gold will go up twice as much. Right? He did say that, didn't he? I'm pretty sure I heard that somewhere.
You forgot your /s tag.
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Re: The GOLD scream room

Post by I Shrugged » Thu Dec 20, 2018 3:24 pm

Up 7.2% today.
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Re: The GOLD scream room

Post by I Shrugged » Thu Dec 20, 2018 10:05 pm

I saw a quote that said gold was up 7.2%. I must have mis-read it or something.
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Re: The GOLD scream room

Post by Libertarian666 » Tue Dec 25, 2018 10:43 am

What, no comments on the big surge today?
Also, I see the S&P 500 is down about 12% YTD, whereas gold is down about 5% YTD.
Neither is great, but I know which one I prefer...
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Re: The GOLD scream room

Post by dualstow » Wed Dec 26, 2018 1:43 pm

I saw gold at 1278 today before the stock market rallied.
Fun while it lasted.
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Re: The GOLD scream room

Post by Libertarian666 » Thu Jan 03, 2019 5:35 pm

Don't look now, but we're getting close to $1300...
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Re: The GOLD scream room

Post by Cortopassi » Thu Jan 03, 2019 9:04 pm

You're gonna jinx it, tech!
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Re: The GOLD scream room

Post by buddtholomew » Fri Jan 04, 2019 8:18 am

Cinco de Mayo, ba-bye-o.
Would have liked to see Au rally here.
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Re: The GOLD scream room

Post by Cortopassi » Fri Jan 04, 2019 8:53 am

budd, I thought you were going to stop posting.... ::)
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Re: The GOLD scream room

Post by buddtholomew » Fri Jan 04, 2019 9:16 am

I no longer feel the need to defend a 4x25 allocation. I like the portfolio a lot more after catering the %’s to suit my temperament. I want Au to rally and it has shown strength the last couple months.
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Re: The GOLD scream room

Post by ochotona » Mon Jan 21, 2019 2:52 pm

He's an oddity, but even oddities could be right, if only purely by accident. Charles Nenner says to look for gold to make a low in mid-June 2019, then head higher. I mean, why not? I need to buy ~1% more gold, to make my pile 12.5%, which would fit into my ambition to have half-HBPP and half-VP.
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Re: The GOLD scream room

Post by Cortopassi » Mon Jan 21, 2019 3:45 pm

I'm thinking June 8th...

Really. Mid-June. Might as well pick a specific date. ;)
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Re: The GOLD scream room

Post by ochotona » Mon Jan 21, 2019 6:20 pm

Cortopassi wrote:
Mon Jan 21, 2019 3:45 pm
I'm thinking June 8th...

Really. Mid-June. Might as well pick a specific date. ;)
Pick it with a dart and a calendar. He said June 15. I'm going to be in awe of him on June 15 or LMAO.
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