Re: The GOLD scream room
Posted: Tue Aug 11, 2020 8:13 am
Yikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61
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https://gyroscopicinvesting.com/forum/viewtopic.php?f=5&t=4654
Still timing the market? :-)buddtholomew wrote: ↑Tue Aug 11, 2020 8:13 amYikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61
Around the edges, makes me feel like a useful engine.Ugly_Bird wrote: ↑Tue Aug 11, 2020 10:26 amStill timing the market? :-)buddtholomew wrote: ↑Tue Aug 11, 2020 8:13 amYikes!
Guess I’ll be adding back to Gold today.
Bought back at IAU 18.61
Same. I manually updated my spreadsheet today as a forcing function to keep myself humble next time things are going gangbustersCortopassi wrote: ↑Tue Aug 11, 2020 3:49 pmI don't think my PP has seen such a large one day swing %-wise ever?
If portfolio volatility is a serious issue, I should be the one freaking out, but I'm not.mathjak107 wrote: ↑Tue Aug 11, 2020 5:00 pmI had cut my holdings in half about a week or two ago .......
I had a very uncomfortable feeling about all assets in the pp ......it was like investors were punch drunk .
I started to add some back today ...I couldn’t resist .....today was a killer drop on even the half that was left exceeding 35k ..to think if I didn’t cut back it would have been 70k is insane ..
Libertarian666 wrote: ↑Tue Aug 11, 2020 7:28 pmIf portfolio volatility is a serious issue, I should be the one freaking out, but I'm not.mathjak107 wrote: ↑Tue Aug 11, 2020 5:00 pmI had cut my holdings in half about a week or two ago .......
I had a very uncomfortable feeling about all assets in the pp ......it was like investors were punch drunk .
I started to add some back today ...I couldn’t resist .....today was a killer drop on even the half that was left exceeding 35k ..to think if I didn’t cut back it would have been 70k is insane ..
I'm still way ahead for the year, which is good enough for me.
pugchief wrote: ↑Wed Aug 12, 2020 2:41 pmOkay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
No problem. But do you want them back tomorrow or 7-10 days from now?Ad Orientem wrote: ↑Wed Aug 12, 2020 3:03 pmpugchief wrote: ↑Wed Aug 12, 2020 2:41 pmOkay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
I want my fillings back!
pugchief wrote: ↑Wed Aug 12, 2020 3:30 pmNo problem. But do you want them back tomorrow or 7-10 days from now?Ad Orientem wrote: ↑Wed Aug 12, 2020 3:03 pmpugchief wrote: ↑Wed Aug 12, 2020 2:41 pmOkay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
I want my fillings back!
Bird in the hand...tomorrow.pugchief wrote: ↑Wed Aug 12, 2020 2:41 pmOkay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
And that is what I told them earlier this morning. Since gold futures are up.Cortopassi wrote: ↑Wed Aug 12, 2020 9:40 pmBird in the hand...tomorrow.pugchief wrote: ↑Wed Aug 12, 2020 2:41 pmOkay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?
You don't have to answer, but after a career (??) of collecting scraps, how many ounces are we talking? Just curious.pugchief wrote: ↑Thu Aug 13, 2020 6:39 amAnd that is what I told them earlier this morning. Since gold futures are up.Cortopassi wrote: ↑Wed Aug 12, 2020 9:40 pmBird in the hand...tomorrow.pugchief wrote: ↑Wed Aug 12, 2020 2:41 pmOkay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?![]()
I haven't gotten the report back yet, but I'll let you know. It felt very heavy (2 lbs?) when i put it in the box, but the bulk of that is garbage that has no value. I have been collecting this particular pile for around 10 years.Cortopassi wrote: ↑Thu Aug 13, 2020 8:39 amYou don't have to answer, but after a career (??) of collecting scraps, how many ounces are we talking? Just curious.pugchief wrote: ↑Thu Aug 13, 2020 6:39 amAnd that is what I told them earlier this morning. Since gold futures are up.Cortopassi wrote: ↑Wed Aug 12, 2020 9:40 pmBird in the hand...tomorrow.pugchief wrote: ↑Wed Aug 12, 2020 2:41 pmOkay, so I have an interesting dilemma: Dentists accumulate scrap metal during the course of business and I have held it waiting for higher metal prices. Now that gold and silver are way up, I sent in a bunch for processing. They have given me the choice of tomorrow's spot prices (8/13), or the spot pricing on the day the assaying is complete (approx 7-10 days from now). Any advice which I should choose?![]()