(article author) If you want to bet on the yellow metal,
And look to ride it until the gold price hits $1,370.
Moderator: Global Moderator
(article author) If you want to bet on the yellow metal,
And look to ride it until the gold price hits $1,370.
https://goo.gl/images/9tvhZFCortopassi wrote: ↑Mon Aug 13, 2018 3:58 pm Woo hoo, back up the truck, buying opportunity. What's the icon for sarcasm?
Well, I think we definitely want it to go up if everything else is going down, which is basically why I thought we held it.buddtholomew wrote: ↑Fri Aug 17, 2018 10:17 am Why do we want Gold to go up (serious question)?
Are we thinking about this the wrong way?
What is the impact to our daily lives if Gold doubles?
Right, but everything else is not going down so there’s no reason to want Gold to go up. I think it’s best to think of this asset as an insurance policy. I’m sure Gold has made some people rich but more are wealthy having prudently invested in stocks and bonds as well. This thinking may actually workhardlawjockey wrote: ↑Fri Aug 17, 2018 10:30 amWell, I think we definitely want it to go up if everything else is going down, which is basically why I thought we held it.buddtholomew wrote: ↑Fri Aug 17, 2018 10:17 am Why do we want Gold to go up (serious question)?
Are we thinking about this the wrong way?
What is the impact to our daily lives if Gold doubles?
Budd,buddtholomew wrote: ↑Fri Aug 17, 2018 1:00 pmRight, but everything else is not going down so there’s no reason to want Gold to go up. I think it’s best to think of this asset as an insurance policy. I’m sure Gold has made some people rich but more are wealthy having prudently invested in stocks and bonds as well. This thinking may actually workhardlawjockey wrote: ↑Fri Aug 17, 2018 10:30 amWell, I think we definitely want it to go up if everything else is going down, which is basically why I thought we held it.buddtholomew wrote: ↑Fri Aug 17, 2018 10:17 am Why do we want Gold to go up (serious question)?
Are we thinking about this the wrong way?
What is the impact to our daily lives if Gold doubles?
Double check that you are actually better off waiting to invest in the other assets. I’m + over 1MM YTD...you do realize that the S&P is +ve +7% and SCV for me + 12.5% YTD.eufo wrote: ↑Sun Aug 19, 2018 8:35 am Should we ever complain that a physical asset is becoming cheaper? I was watching an interview yesterday where the assertion was made that this is a mainly US phenomenon; that US investors tend to be trend followers and only want to buy what's going up. It's been my experience that nearly everyone I know here is like that.
I love these low prices, but I'm underweight everything save cash, so maybe I'm biased.
Oh yeah, for sure. I'm overweight cash from selling out of most of my small cap and mid cap exposure (IJR & IJH, respectively). I still hold some equities, but I'm underweight. I'll likely remain that way unless there is a big move either direction.buddtholomew wrote: ↑Sun Aug 19, 2018 9:20 amDouble check that you are actually better off waiting to invest in the other assets. I’m + over 1MM YTD...you do realize that the S&P is +ve +7% and SCV for me + 12.5% YTD.eufo wrote: ↑Sun Aug 19, 2018 8:35 am Should we ever complain that a physical asset is becoming cheaper? I was watching an interview yesterday where the assertion was made that this is a mainly US phenomenon; that US investors tend to be trend followers and only want to buy what's going up. It's been my experience that nearly everyone I know here is like that.
I love these low prices, but I'm underweight everything save cash, so maybe I'm biased.
"slope of hope" Lol!ochotona wrote: ↑Sun Aug 19, 2018 9:36 am Gold sentiment not bad enough, Hulbert index needs to go more negative...
Patience!
https://www.marketwatch.com/story/why-g ... 2018-08-17
Your market timing is flawless.eufo wrote: ↑Sun Aug 19, 2018 9:26 amOh yeah, for sure. I'm overweight cash from selling out of most of my small cap and mid cap exposure (IJR & IJH, respectively). I still hold some equities, but I'm underweight. I'll likely remain that way unless there is a big move either direction.buddtholomew wrote: ↑Sun Aug 19, 2018 9:20 amDouble check that you are actually better off waiting to invest in the other assets. I’m + over 1MM YTD...you do realize that the S&P is +ve +7% and SCV for me + 12.5% YTD.eufo wrote: ↑Sun Aug 19, 2018 8:35 am Should we ever complain that a physical asset is becoming cheaper? I was watching an interview yesterday where the assertion was made that this is a mainly US phenomenon; that US investors tend to be trend followers and only want to buy what's going up. It's been my experience that nearly everyone I know here is like that.
I love these low prices, but I'm underweight everything save cash, so maybe I'm biased.
Something seems wrong in the market, so I'm not in a rush to get back to 40% equities.
Indeed.buddtholomew wrote: ↑Sun Aug 19, 2018 11:20 amYour market timing is flawless.eufo wrote: ↑Sun Aug 19, 2018 9:26 amOh yeah, for sure. I'm overweight cash from selling out of most of my small cap and mid cap exposure (IJR & IJH, respectively). I still hold some equities, but I'm underweight. I'll likely remain that way unless there is a big move either direction.buddtholomew wrote: ↑Sun Aug 19, 2018 9:20 am
Double check that you are actually better off waiting to invest in the other assets. I’m + over 1MM YTD...you do realize that the S&P is +ve +7% and SCV for me + 12.5% YTD.
Something seems wrong in the market, so I'm not in a rush to get back to 40% equities.
Why bother with the PP?
Yes; in a perfect world each of the 3 assets would follow the scenario outlined above. I don’t personally buy into the agnostic 4x25 allocation anymore. Why would you when stocks rise 70% of the time? I’ll hold enough gold and LTT’s to buoy the portfolio in times of inflation/deflation, knowing full well that any gains in these assets will go back into stocks for further potential gains.Cortopassi wrote: ↑Sat Aug 18, 2018 9:38 pm I don't need a double, what I would like to see on a reasonably alternating basis is an asset leading for one year to pull gains out and rebalance into laggards. Back and forth, back and forth while the overall trajectory is up and to the right.
Problem for a while here has been gold hasn't been in take profits mode for a yearly rebalance, it has been a laggard.