I Am Leaving The Forum -- Who Wants My Gold?

Other discussions not related to the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

I Am Leaving The Forum -- Who Wants My Gold?

Post by Smith1776 » Thu Apr 01, 2021 12:35 pm

Hey folks. I am leaving this forum and returning to the Bogleheads forum. I no longer subscribe to Harry Browne's piddling investment theories. As such, I shall be giving away my gold to a worthy forum member.

This shall be a sword of King Arthur type of contest. The first person to DM me a video of themselves bench pressing at least 500 pounds will get all of my gold (weight belts are allowed). All you need to do is one rep.

Seriously, holding gold makes no sense. In a hyper-inflationary episode I fully expect TIPS to protect my wealth. The government always keeps its promises, and I don't expect this time to be any different. I fully trust buying protection against inflation from the entity causing the inflation. That just makes good sense. Why you people insist on holding a lump of metal with no IRR is beyond me. Haven't you read Buffett's paper?

Anyway, the past 40 years on Portfolio Visualizer shows that hyper-inflation hasn't happened in America. That's good enough logic for me to extrapolate indefinitely into the future that it's never going to happen.

Anyway, back to the Boglheads forum for me. See ya.
πŸ›ž The All-Terrain Portfolio πŸ›ž
pp4me
Executive Member
Executive Member
Posts: 1190
Joined: Wed Apr 29, 2020 4:12 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by pp4me » Thu Apr 01, 2021 1:47 pm

R U morphing into another tomfoolery?
User avatar
jalanlong
Executive Member
Executive Member
Posts: 829
Joined: Mon Jul 01, 2019 7:30 am

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by jalanlong » Thu Apr 01, 2021 2:20 pm

Smith1776 wrote: ↑
Thu Apr 01, 2021 12:35 pm
Hey folks. I am leaving this forum and returning to the Bogleheads forum. I no longer subscribe to Harry Browne's piddling investment theories. As such, I shall be giving away my gold to a worthy forum member.

This shall be a sword of King Arthur type of contest. The first person to DM me a video of themselves bench pressing at least 500 pounds will get all of my gold (weight belts are allowed). All you need to do is one rep.

Seriously, holding gold makes no sense. In a hyper-inflationary episode I fully expect TIPS to protect my wealth. The government always keeps its promises, and I don't expect this time to be any different. I fully trust buying protection against inflation from the entity causing the inflation. That just makes good sense. Why you people insist on holding a lump of metal with no IRR is beyond me. Haven't you read Buffett's paper?

Anyway, the past 40 years on Portfolio Visualizer shows that hyper-inflation hasn't happened in America. That's good enough logic for me to extrapolate indefinitely into the future that it's never going to happen.

Anyway, back to the Boglheads forum for me. See ya.
No thanks. Gold is just a yellow rock with no income stream.
User avatar
GT
Executive Member
Executive Member
Posts: 270
Joined: Sun Jan 20, 2013 7:54 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by GT » Thu Apr 01, 2021 2:38 pm

Smith1776 wrote: ↑
Thu Apr 01, 2021 12:35 pm
Hey folks. I am leaving this forum and returning to the Bogleheads forum. I no longer subscribe to Harry Browne's piddling investment theories. As such, I shall be giving away my gold to a worthy forum member.

This shall be a sword of King Arthur type of contest. The first person to DM me a video of themselves bench pressing at least 500 pounds will get all of my gold (weight belts are allowed). All you need to do is one rep.

Seriously, holding gold makes no sense. In a hyper-inflationary episode I fully expect TIPS to protect my wealth. The government always keeps its promises, and I don't expect this time to be any different. I fully trust buying protection against inflation from the entity causing the inflation. That just makes good sense. Why you people insist on holding a lump of metal with no IRR is beyond me. Haven't you read Buffett's paper?

Anyway, the past 40 years on Portfolio Visualizer shows that hyper-inflation hasn't happened in America. That's good enough logic for me to extrapolate indefinitely into the future that it's never going to happen.

Anyway, back to the Boglheads forum for me. See ya.
No thanks - past performance is not guarantee of future returns so Golds ability to retain its value of the last 10,000 years might have just been a fluke. On second thought, if I send you a DM of a video that looks to be highly edited would that still qualify
User avatar
williswine
Associate Member
Associate Member
Posts: 49
Joined: Mon Sep 13, 2010 6:23 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by williswine » Thu Apr 01, 2021 3:05 pm

pp4me wrote: ↑
Thu Apr 01, 2021 1:47 pm
R U morphing into another tomfoolery?
Hopefully only on April Fools' Day >:D
User avatar
Hal
Executive Member
Executive Member
Posts: 1349
Joined: Tue May 03, 2011 1:50 am

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by Hal » Thu Apr 01, 2021 4:28 pm

Smith1776 wrote: ↑
Thu Apr 01, 2021 12:35 pm
Hey folks. I am leaving this forum and returning to the Bogleheads forum. I no longer subscribe to Harry Browne's piddling investment theories.
<snip>
Anyway, back to the Boglheads forum for me. See ya.
There are still vacancies at the Easter BogleHeads Re-education Camps 8) Looks like Smithy really enjoyed his visit.
They do calisthenics in the mornings so you get really fit.
Attachments
Screen Shot 2021-04-02 at 7.56.49 am.png
Screen Shot 2021-04-02 at 7.56.49 am.png (433.85 KiB) Viewed 3741 times
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by Smith1776 » Thu Apr 01, 2021 4:30 pm

Happy April Fool's Day, everyone. 8)

Hal wrote: ↑
Thu Apr 01, 2021 4:28 pm
Smith1776 wrote: ↑
Thu Apr 01, 2021 12:35 pm
Hey folks. I am leaving this forum and returning to the Bogleheads forum. I no longer subscribe to Harry Browne's piddling investment theories.
<snip>
Anyway, back to the Boglheads forum for me. See ya.
There are still vacancies at the Easter BogleHeads Re-education Camps 8) Looks like Smithy really enjoyed his visit.
They do calisthenics in the mornings so you get really fit.

What in the world is actually going on in that photo??? Do you happen to know the specific context? :o
πŸ›ž The All-Terrain Portfolio πŸ›ž
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by buddtholomew » Thu Apr 01, 2021 4:33 pm

I have a video of me pressing 455 if that qualifies?
I did use a slingshot which accounted for 5-6% increase in weight.
True max is 435, belt only.
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by Smith1776 » Thu Apr 01, 2021 7:07 pm

buddtholomew wrote: ↑
Thu Apr 01, 2021 4:33 pm
I have a video of me pressing 455 if that qualifies?
I did use a slingshot which accounted for 5-6% increase in weight.
True max is 435, belt only.
If no one beats your 435 lbs. by 11:59pm PST tonight you are the winner. O0
πŸ›ž The All-Terrain Portfolio πŸ›ž
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by Smith1776 » Thu Apr 01, 2021 7:23 pm

GT wrote: ↑
Thu Apr 01, 2021 2:38 pm
No thanks - past performance is not guarantee of future returns so Golds ability to retain its value of the last 10,000 years might have just been a fluke. On second thought, if I send you a DM of a video that looks to be highly edited would that still qualify

Yes.
πŸ›ž The All-Terrain Portfolio πŸ›ž
User avatar
Kriegsspiel
Executive Member
Executive Member
Posts: 4052
Joined: Sun Sep 16, 2012 5:28 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by Kriegsspiel » Thu Apr 01, 2021 8:00 pm

Smith1776 wrote: ↑
Thu Apr 01, 2021 7:07 pm
buddtholomew wrote: ↑
Thu Apr 01, 2021 4:33 pm
I have a video of me pressing 455 if that qualifies?
I did use a slingshot which accounted for 5-6% increase in weight.
True max is 435, belt only.
If no one beats your 435 lbs. by 11:59pm PST tonight you are the winner. O0
budd's got me by a good bit, the most I've benched recently is 315 for a double. I guess he gets all the gold :-\ :-\ :-\

I'll have to settle for all of your silver unless another forumite is more swole.
You there, Ephialtes. May you live forever.
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by buddtholomew » Thu Apr 01, 2021 8:18 pm

Kriegsspiel wrote: ↑
Thu Apr 01, 2021 8:00 pm
Smith1776 wrote: ↑
Thu Apr 01, 2021 7:07 pm
buddtholomew wrote: ↑
Thu Apr 01, 2021 4:33 pm
I have a video of me pressing 455 if that qualifies?
I did use a slingshot which accounted for 5-6% increase in weight.
True max is 435, belt only.
If no one beats your 435 lbs. by 11:59pm PST tonight you are the winner. O0
budd's got me by a good bit, the most I've benched recently is 315 for a double. I guess he gets all the gold :-\ :-\ :-\

I'll have to settle for all of your silver unless another forumite is more swole.
315x2 is impressive anywhere you lift except for powerlifting gyms where the weight is a mere warmup for those doing incline with chains and bands >:D
User avatar
GT
Executive Member
Executive Member
Posts: 270
Joined: Sun Jan 20, 2013 7:54 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by GT » Fri Apr 02, 2021 7:58 am

Smith1776 wrote: ↑
Thu Apr 01, 2021 7:23 pm
GT wrote: ↑
Thu Apr 01, 2021 2:38 pm
No thanks - past performance is not guarantee of future returns so Golds ability to retain its value of the last 10,000 years might have just been a fluke. On second thought, if I send you a DM of a video that looks to be highly edited would that still qualify

Yes.
I know I didn't win - but can I get a participation trophy

https://www.youtube.com/watch?v=4T3A1m3gbb0
User avatar
vnatale
Executive Member
Executive Member
Posts: 9423
Joined: Fri Apr 12, 2019 8:56 pm
Location: Massachusetts
Contact:

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by vnatale » Fri Apr 02, 2021 8:08 am

Smith1776 wrote: ↑
Thu Apr 01, 2021 12:35 pm

Hey folks. I am leaving this forum and returning to the Bogleheads forum. I no longer subscribe to Harry Browne's piddling investment theories. As such, I shall be giving away my gold to a worthy forum member.

This shall be a sword of King Arthur type of contest. The first person to DM me a video of themselves bench pressing at least 500 pounds will get all of my gold (weight belts are allowed). All you need to do is one rep.

Seriously, holding gold makes no sense. In a hyper-inflationary episode I fully expect TIPS to protect my wealth. The government always keeps its promises, and I don't expect this time to be any different. I fully trust buying protection against inflation from the entity causing the inflation. That just makes good sense. Why you people insist on holding a lump of metal with no IRR is beyond me. Haven't you read Buffett's paper?

Anyway, the past 40 years on Portfolio Visualizer shows that hyper-inflation hasn't happened in America. That's good enough logic for me to extrapolate indefinitely into the future that it's never going to happen.

Anyway, back to the Boglheads forum for me. See ya.


You had me worried.....until I almost immediately saw the date!
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."
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by buddtholomew » Fri Apr 02, 2021 8:29 am

When benching alone, remove the clips so that the weights can slide off on one side and then the other if you fail. It’s the safest alternative when a spot isn’t available.

If available, set the safety pins to avoid issues all together.
WiseOne
Executive Member
Executive Member
Posts: 2692
Joined: Wed Feb 16, 2022 11:08 am

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by WiseOne » Fri Apr 02, 2021 10:40 am

I've got a 30 lb kettlebell. Does that count?
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by Smith1776 » Fri Apr 02, 2021 12:35 pm

Alright! The results are in! Winners of the contest are:

1. Budd @ 435 lbs - gets all of my gold
2. Kriegs @ 315 lbs - gets all of my silver
3. GT with video / WiseOne @ 30 lbs tied for third place - get all of my bitcoin split half-half

Thank you everyone for participating in this year's April Fool's Bench Press Day!
πŸ›ž The All-Terrain Portfolio πŸ›ž
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2464
Joined: Fri May 21, 2010 4:16 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by buddtholomew » Fri Apr 02, 2021 2:39 pm

Smith1776 wrote: ↑
Fri Apr 02, 2021 12:35 pm
Alright! The results are in! Winners of the contest are:

1. Budd @ 435 lbs - gets all of my gold
2. Kriegs @ 315 lbs - gets all of my silver
3. GT with video / WiseOne @ 30 lbs tied for third place - get all of my bitcoin split half-half

Thank you everyone for participating in this year's April Fool's Bench Press Day!
Does the gold transfer at current price or am I required to pay capital gains based on your cost basis? Maybe 25% for the next 4 years if it’s a taxable event to me ;D
WiseOne
Executive Member
Executive Member
Posts: 2692
Joined: Wed Feb 16, 2022 11:08 am

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by WiseOne » Fri Apr 02, 2021 4:45 pm

Awesome! How much bitcoin did I win?

Quick before it's no longer April 1.....oops dang it isn't!! Oh well. Smith, welcome back to the forum :-).
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by Smith1776 » Fri Apr 02, 2021 7:27 pm

WiseOne wrote: ↑
Fri Apr 02, 2021 4:45 pm
Awesome! How much bitcoin did I win?

Quick before it's no longer April 1.....oops dang it isn't!! Oh well. Smith, welcome back to the forum :-).
Enough to buy a Nintendo Switch!

Don't spend it all in one place! O0 ;D
πŸ›ž The All-Terrain Portfolio πŸ›ž
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3505
Joined: Fri Apr 21, 2017 6:01 pm

Re: I Am Leaving The Forum -- Who Wants My Gold?

Post by Smith1776 » Fri Apr 02, 2021 7:43 pm

buddtholomew wrote: ↑
Fri Apr 02, 2021 2:39 pm
Does the gold transfer at current price or am I required to pay capital gains based on your cost basis? Maybe 25% for the next 4 years if it’s a taxable event to me ;D
I am laundering it through North Korea. It will show up discretely as an Amazon package on your doorstep in 6 to 8 weeks. ^-^ ^-^ ^-^
πŸ›ž The All-Terrain Portfolio πŸ›ž
Post Reply