The GOLD scream room

Discussion of the Gold portion of the Permanent Portfolio

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dw260307
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Re: The GOLD scream room

Post by dw260307 » Wed Nov 25, 2020 2:01 am

i would like to know gold has a chance to cross 1900 this year or not ?
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Re: The GOLD scream room

Post by dw260307 » Wed Nov 25, 2020 2:07 am

Cortopassi wrote:
Mon Nov 09, 2020 8:34 am
I can only imagine that it is a slight delay for gold. Not like Biden is going to turn off the money spigot.
is there any chance to make uptrend again and gold will touch 1900 again. even after Biden oath. I read news from this site that BTC has now more potential than gold bcz most of the investor are investing there money on digital currency so i want to know is there any chance to hit gold price again 1900.
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » 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.]
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Re: The GOLD scream room

Post by pmward » Wed Nov 25, 2020 12:07 pm

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.
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Ad Orientem
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Re: The GOLD scream room

Post by Ad Orientem » Wed Nov 25, 2020 12:11 pm

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.
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Re: The GOLD scream room

Post by mathjak107 » Thu Nov 26, 2020 4:31 pm

Bitcoin was down 1700 bucks today
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Re: The GOLD scream room

Post by buddtholomew » Fri Nov 27, 2020 11:52 am

Bought some IAU at 17.04 today to restore AA.
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Re: The GOLD scream room

Post by dualstow » Mon Jan 04, 2021 10:13 am

Nice to see gold moving in the other direction from stocks today, i.e. up. +US$50
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Re: The GOLD scream room

Post by Don » 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?
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Re: The GOLD scream room

Post by dualstow » Mon Jan 04, 2021 1:52 pm

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.
"It’s easy to be a communist in a free country. But try being free in a communist country." - @vtchakarova
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Smith1776
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Re: The GOLD scream room

Post by Smith1776 » Mon Jan 04, 2021 1:58 pm

Stoncks fell and gold rose. Talk about gyroscopic!
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buddtholomew
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Re: The GOLD scream room

Post by buddtholomew » Mon Jan 04, 2021 2:59 pm

Bitcoin sell-off = Gold’s benefit
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