Stronger dollar.
The GOLD scream room
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- 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.
DITM
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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.
- vnatale
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Re: The GOLD scream room
I'm glad you said that. I was going to respond but I wanted to let you first respond.
I read your initial statement as saying you did not want to put her in the position of something possibly going wrong, her not handling it the same way you would.
You'd regret it if you had put her in that position and something did go wrong.
Therefore, you believed it would not be fair to her to do that.
You were casting no suspicions on her.
You merely wanted to be the one who took all the responsibility for the transaction correctly happening.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
- dualstow
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Re: The GOLD scream room
You got it, Vinny!
By the same token, i have a favorite ceramic mug that I ask her not to wash, to leave it for me. (We share dishwashing duties). She wanted to know why, and I said if someone eventually breaks it, I’d rather it be me, ie be angry at myself. It may sound strange to some, but this is a philosophy and lifestyle that works for me.
- vnatale
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Re: The GOLD scream room
dualstow wrote: ↑Thu Mar 04, 2021 9:55 am
You got it, Vinny!
By the same token, i have a favorite ceramic mug that I ask her not to wash, to leave it for me. (We share dishwashing duties). She wanted to know why, and I said if someone eventually breaks it, I’d rather it be me, ie be angry at myself. It may sound strange to some, but this is a philosophy and lifestyle that works for me.
I COMPLETELY understand! Some things are always best done by oneself.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
- dualstow
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Re: The GOLD scream room
You know what's funny, though? I asked her if she would feel comfortable receiving it and she said it's fine. So, maybe I'll just order.
Re: The GOLD scream room
Wow, didn't even get credit for bringing the funny. Do I LOOK like I have a bat in my avatar?dualstow wrote: ↑Thu Mar 04, 2021 9:55 am
You got it, Vinny!
By the same token, i have a favorite ceramic mug that I ask her not to wash, to leave it for me. (We share dishwashing duties). She wanted to know why, and I said if someone eventually breaks it, I’d rather it be me, ie be angry at myself. It may sound strange to some, but this is a philosophy and lifestyle that works for me.
Re: The GOLD scream room
I was a little confused by DS's reply, too, and had to read it a couple of times to parse it.
I think the emoji was in response to your comment, Kbg, then the "You got it, Vinny" and the rest of it was in response to Vinny's post. The confusing part was that DS quoted you but not Vinny.
I think the emoji was in response to your comment, Kbg, then the "You got it, Vinny" and the rest of it was in response to Vinny's post. The confusing part was that DS quoted you but not Vinny.
- dualstow
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Re: The GOLD scream room
you parsed correctly, Tortoise.
Kbg, i wouldn’t have bothered to quote you if you weren’t going to get credit.
geez, lot of handholding required here
Kbg, i wouldn’t have bothered to quote you if you weren’t going to get credit.
geez, lot of handholding required here
- dualstow
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Re: The GOLD scream room
Budd, gold was up more than bonds were down. Did it make you smile?
Just saw this.
- buddtholomew
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Re: The GOLD scream room
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Re: The GOLD scream room
Margin call contagion calling in the gold?
Re: The GOLD scream room
https://www.bogleheads.org/forum/viewto ... 0&t=349948
Tremendous gold war going on in the land of the Knuckleheads! Dang.
Tremendous gold war going on in the land of the Knuckleheads! Dang.
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