Gyroscopic Investing

i agree . i added a bit today to bring it back up the 10k it fell .

dw260307 wrote: ↑Wed Nov 25, 2020 2:01 am i would like to know gold has a chance to cross 1900 this year or not ?

The future is unpredictable. That said a lot of the expensive suits on Wall Street remain bullish on gold. And FTR I tend to agree. I certainly like gold more than bonds. Citigroup recently predicted $2500/oz for 2021. I'm not a fan of these price targets which strike me as the financial equivalent to tarot cards, but in general I do see a case for higher gold.

https://www.cnbc.com/2020/11/24/gold-to ... -2021.html


[P.S. Bitcoin is highly speculative and is not a substitute for gold in the PP. I don't care for it but some people do. Just understand that it is a gamble and as such should not be a part of a permanent portfolio.]

Ad Orientem wrote: ↑Wed Nov 25, 2020 11:49 am

dw260307 wrote: ↑Wed Nov 25, 2020 2:01 am i would like to know gold has a chance to cross 1900 this year or not ?

The future is unpredictable. That said a lot of the expensive suits on Wall Street remain bullish on gold. And FTR I tend to agree. I certainly like gold more than bonds. Citigroup recently predicted $2500/oz for 2021. I'm not a fan of these price targets which strike me as the financial equivalent to tarot cards, but in general I do see a case for higher gold.

https://www.cnbc.com/2020/11/24/gold-to ... -2021.html


[P.S. Bitcoin is highly speculative and is not a substitute for gold in the PP. I don't care for it but some people do. Just understand that it is a gamble and as such should not be a part of a permanent portfolio.]

Remember all the way back in July 2020, when everybody was talking about how gold was THE asset and Bitcoin was old news? How quickly that narrative reversed, huh? I think gold will be fine, especially if you look back historically at the length of a typical gold bull market. We are well within the norm of a pullback/consolidation before another crazy move up.

I don't know whether Bitcoin will stay a relevant asset or not. I can make a logical argument for and against. I don't see anything wrong with a VP moonshot speculative kind of bet on Bitcoin. But I definitely wouldn't say it was anywhere close to proven enough at this point for discussion about inclusion in the PP. I also would not be buying Bitcoin today.

Bitcoin in the PP? I'm going to need a more established track record showing it's long term performance as an accepted store of value. Get back to me in 6000 years or so and we can talk about it.

Bitcoin was down 1700 bucks today

Bought some IAU at 17.04 today to restore AA.

Nice to see gold moving in the other direction from stocks today, i.e. up. +US$50

dualstow wrote: ↑Mon Jan 04, 2021 10:13 am Nice to see gold moving in the other direction from stocks today, i.e. up. +US$50

Not exactly a bitcoin return, but we'll take it, right?

Don wrote: ↑Mon Jan 04, 2021 1:04 pm

dualstow wrote: ↑Mon Jan 04, 2021 10:13 am Nice to see gold moving in the other direction from stocks today, i.e. up. +US$50

Not exactly a bitcoin return, but we'll take it, right?

Right. I'm truly happy for bitcoin holders (and TSLA holders) but I continue to be impressed with the pp. It's not exciting to hold the four assets, but it's working.

Stoncks fell and gold rose. Talk about gyroscopic!

Bitcoin sell-off = Gold’s benefit

buddtholomew wrote: ↑Mon Jan 04, 2021 2:59 pm Bitcoin sell-off = Gold’s benefit

Good point. That should happen sometimes this year.
Depends when BTC drops 70-80%

Gold is down 4-frickin-%.
Might have to buy some this month.

dualstow wrote: ↑Fri Jan 08, 2021 12:50 pm Gold is down 4-frickin-%.
Might have to buy some this month.

Might make 2% a year for 10 years. I got 28% of it and it't not going to do much for us unless we get lucky.

Buy the dip.

However, I don't need the money for a few years, I have way too much cash already, and I'm full up with stocks, bonds, BITCOIN, miners, silver... so gold it is. I guess if I had a hole elsewhere in my allocation I might not be buying gold.

ochotona wrote: ↑Sat Jan 09, 2021 2:56 pm Buy the dip.

However, I don't need the money for a few years, I have way too much cash already, and I'm full up with stocks, bonds, BITCOIN, miners, silver... so gold it is. I guess if I had a hole elsewhere in my allocation I might not be buying gold.

Since 2004 when GLD came out it has done +9%. Maybe we are OK? I had it since 1972 and I tell others that this is not a fun ride.

modeljc wrote: ↑Fri Jan 08, 2021 1:21 pm

dualstow wrote: ↑Fri Jan 08, 2021 12:50 pm Gold is down 4-frickin-%.
Might have to buy some this month.

Might make 2% a year for 10 years. I got 28% of it and it't not going to do much for us unless we get lucky.

I’ll keep beating the drum: gold is part of a package.

Crazy how a gold rally in the morning ended up down by the close

2nd day in a row...sold some IAU @ 17.79 this morning - bird in the hand and all...was 40/15/0/45 and now 35/12.5/0/52.5 stocks/gold/bonds/cash.

Been reducing allocation to stocks for several weeks now.

Same , I am very close to 100% pp which is rare for me as well as an almost 50% cash position ...but I don’t like what I am seeing ..better safe than sorry. Although with the pounding gold and tlt have been getting I am not sure if anything is going to hold up well

Only buy gold when it's cheap and you'll always be happy.

I define cheap as:

GSR under 70

S&P to gold over 1.7

Both are true right now.

SomeDude wrote: ↑Sun Jan 31, 2021 10:13 am GSR under 70

Oooops! :-)

GLD is now below the 10 month MA too (SMA200 it already passed). The ones that rebalance to cash in such conditions - will you do so now or will you wait for the "Last kiss" pattern to form ? Just asking out of curiosity ..

Vil wrote: ↑Tue Feb 02, 2021 1:12 pm GLD is now below the 10 month MA too (SMA200 it already passed). The ones that rebalance to cash in such conditions - will you do so now or will you wait for the "Last kiss" pattern to form ? Just asking out of curiosity ..

Just in case all you "dumb" money people forgot, there is nothing that ever goes up all the time, except stocks! Screw this pp thing. I am going 100% stocks!