The GOLD scream room
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- Cortopassi
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Re: The GOLD scream room
100 trillion :-)
Re: The GOLD scream room
Haha, thanks, visual representation makes it easier...
Personally, I'd rather imagine that there is some programmer somewhere and he is instructed to utilize the shift left (<<) operator, that's well known from several programming languages as the fastest way to multiply a number with 2^n (where n is the number voted by Congress).
Re: The GOLD scream room
-0.74% in USD, -1.29% in EUR (as USD is rising). How long should we wait
- Kriegsspiel
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Re: The GOLD scream room
Krieg, sorry, guess was not clear, I am joking.
Btw, if I can recall (think was in Craig's book) PP did not do that bad even without rebalancing..
- buddtholomew
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Re: The GOLD scream room
Buying some IAU @ 17 now.
Out at 17.79 and in at 17.02
Out at 17.79 and in at 17.02
- Cortopassi
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Re: The GOLD scream room
Ahh, gold, the asset I continue to love to hate.
Buy stocks! Gold sucks!
Buy stocks! Gold sucks!
- buddtholomew
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Re: The GOLD scream room
For me, it’s having more stocks than gold that allows me to stay with my precious metals allocation.Cortopassi wrote: ↑Thu Feb 04, 2021 10:47 am Ahh, gold, the asset I continue to love to hate.
Buy stocks! Gold sucks!
Re: The GOLD scream room
Is there an explanation why gold fell 2.5% today?
- Cortopassi
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Re: The GOLD scream room
About the same reason why Nasdaq and Dow just keep going up, I guess.
The answer can come in many forms, but the real answer is I Don't Know.
What we do know is when this happens, people usually pile on for a spell, so expect lower.
mathjak is pretty good at timing these. I wouldn't be.
The answer can come in many forms, but the real answer is I Don't Know.
What we do know is when this happens, people usually pile on for a spell, so expect lower.
mathjak is pretty good at timing these. I wouldn't be.
Re: The GOLD scream room
When gold's price drops sharply, it's because one of us recently bought a lot of it.
When gold's price jumps sharply, it's because one of us recently sold a lot of it.
The gold market's movements make a lot more sense when viewed through that explanatory lens.
When gold's price jumps sharply, it's because one of us recently sold a lot of it.
The gold market's movements make a lot more sense when viewed through that explanatory lens.
- Cortopassi
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Re: The GOLD scream room
Tortoise wrote: ↑Thu Feb 04, 2021 4:02 pm When gold's price drops sharply, it's because one of us recently bought a lot of it.
When gold's price jumps sharply, it's because one of us recently sold a lot of it.
The gold market's movements make a lot more sense when viewed through that explanatory lens.
- Kriegsspiel
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Re: The GOLD scream room
Though what comes first (chicken vs egg) - weaker gold or stronger dollar .. In the recent case we had the weaker gold coming first (months in advance to stronger dollar, that came only recently), so it might be that's not the explanation.. My overly simplistic explanation is that following the turmoil money flows simply got back to risk-on asset classes - non-existing money pushing up ridiculous valuations, voilla
- dualstow
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Re: The GOLD scream room
Stronger dollar is just what i read, but I’ll buy the above....if i understand it correctly.Vil wrote: ↑Fri Feb 05, 2021 1:27 amThough what comes first (chicken vs egg) - weaker gold or stronger dollar .. In the recent case we had the weaker gold coming first (months in advance to stronger dollar, that came only recently), so it might be that's not the explanation.. My overly simplistic explanation is that following the turmoil money flows simply got back to risk-on asset classes - non-existing money pushing up ridiculous valuations, voilla
- buddtholomew
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Re: The GOLD scream room
I told you when I sold and when I bought...what more do you want to know? >:
Fixed income yields also play a large role as last I checked gold doesn’t pay a dividend. Yields up, bonds attractive; yields down, gold attractive.
Fixed income yields also play a large role as last I checked gold doesn’t pay a dividend. Yields up, bonds attractive; yields down, gold attractive.
Re: The GOLD scream room
The recent gold decline has caused the value of my PP to fall below a leading digit threshold in my retirement account.
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
Re: The GOLD scream room
I think PP should have a small fraction of crypto. It would help when crypto skyrocketing but work as before when crypto will crash.
Added GBTC to my IRA. So far tt helps to compensate for the PP losses.
At this point I treat BTC and GBTC as part of the variable portfolio. But we might be witnessing the necessity of the PP concept change because of the completely new investment options.
- mathjak107
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Re: The GOLD scream ro
Yep, we hit a new milestone before I shifted my usual portfolios over to the pp...
Now the old milestone moved up and are still above the milestone ,where as the action in Tlt and Gld now pulled us below the threshold line
- dualstow
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Re: The GOLD scream room
I bet Harry Browne didn’t have a solution to this one.
I would really like to buy a bunch of gold tomorrow but i don’t think I’m going to be in town to take delivery. At least it’s possible that I won’t be. No way am I leaving it to the wife to receive it. It’s not that she’s flaky, but if something went wrong, I don’t think I’d get over it.
I would really like to buy a bunch of gold tomorrow but i don’t think I’m going to be in town to take delivery. At least it’s possible that I won’t be. No way am I leaving it to the wife to receive it. It’s not that she’s flaky, but if something went wrong, I don’t think I’d get over it.
- Mark Leavy
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Re: The GOLD scream room
Dude. I'm no relationship counselor. But... red flag!dualstow wrote: ↑Wed Mar 03, 2021 6:38 pm I bet Harry Browne didn’t have a solution to this one.
I would really like to buy a bunch of gold tomorrow but i don’t think I’m going to be in town to take delivery. At least it’s possible that I won’t be. No way am I leaving it to the wife to receive it. It’s not that she’s flaky, but if something went wrong, I don’t think I’d get over it.
Just sayin...
- dualstow
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Re: The GOLD scream room
I don’t want to put the burden on her, Mark. That’s true love.