Gyroscopic Investing

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!

Cortopassi wrote: ↑Tue Feb 02, 2021 2:46 pm there is nothing that ever goes up all the time, except stocks! Screw this pp thing. I am going 100% stocks!

Agree on PP. I will become TIPS investor (TIPS are cool and heard they are expected to be even more cool this year )

Which means odds are inflation fears were over done and tips get stuck holding the hot potato.

Any time we think we got it figured out stuff we didn’t plan on alters that course .

We have had trillions and trillions pumped into the economy since 2008 and this is as high as inflation got .....pretty pathetic when you think about how much was was pumped in and was unprecedented

My edit:

mathjak107 wrote: ↑Tue Feb 02, 2021 3:28 pm Which means odds are inflation fears were over done and tipsBogleheads holding TIPS get stuck holding the hot potato.
...

mathjak107 wrote: ↑Tue Feb 02, 2021 3:28 pm We have had trillions and trillions pumped into the economy

You know I still have difficulties assimilating what a trillion USD mean.. I think it was pmward explaining the magnitude of it (giving the example of trillion seconds that equal 31709 years....)

Examples. A billion is measly!

http://www.pagetutor.com/trillion/index.html