Gold's Time To Shine?

Discussion of the Gold portion of the Permanent Portfolio

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Don
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Gold's Time To Shine?

Post by Don » Tue Dec 24, 2019 9:17 pm

I cannot lie. I created this thread because I liked my subject line. That being said, gold seems to be ready for a breakout. It's even been outperforming equities the past few days. Is this gold's time to shine?
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mathjak107
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Re: Gold's Time To Shine?

Post by mathjak107 » Wed Dec 25, 2019 2:16 am

i would have to say no .

the reason is my "seat of the pants trading system " said sell yesterday and i didn't , i decided to hang in there " so typically that means i ride it back down .

sorry i did this to you all lol
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Ugly_Bird
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Re: Gold's Time To Shine?

Post by Ugly_Bird » Wed Dec 25, 2019 10:19 am

Don wrote:
Tue Dec 24, 2019 9:17 pm
I cannot lie. I created this thread because I liked my subject line. That being said, gold seems to be ready for a breakout. It's even been outperforming equities the past few days. Is this gold's time to shine?
Are they printing $500 bil recently? Then, subj could be a possibility.
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europeanwizard
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Re: Gold's Time To Shine?

Post by europeanwizard » Thu Dec 26, 2019 1:32 am

mathjak107 wrote:
Wed Dec 25, 2019 2:16 am
sorry i did this to you all lol
So Don gives us a holiday present and you decided with one fool action to take it all away, huh? :D

As for gold's time to shine, I've understood that gold right now is historically already above average, due to several central banks slowly building up their gold reserves. If these circumstances are continuing, then the headline could become true.
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mathjak107
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Re: Gold's Time To Shine?

Post by mathjak107 » Thu Dec 26, 2019 8:40 am

well it is still shining despite me not selling ....yes!
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Re: Gold's Time To Shine?

Post by boglerdude » Thu Dec 26, 2019 11:59 pm

Sold all my PHYS today, bought at ~1300/oz. Was ~8% of portfolio. The gain offset losses from commodities I held for a year. mathjak's comment struck a nerve, that every day you hold is like making the decision to buy it again at today's price.

Will most likely buy a little AAAU soon. Iono tho, I'm way overweight inflation protection (home + a rental property). And gold isnt a tool that people need anymore, you can trade other real assets like stocks easily now. Maybe some physical to get you across a border. And I dont like that if the price gets high enough they can dig up more. OTOH central banks still buy...but they actually need a way to send someone billions of a universal currency.
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mathjak107
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Re: Gold's Time To Shine?

Post by mathjak107 » Fri Dec 27, 2019 2:52 am

people have such misconceptions about investing or their money .

sayings like it is only a loss on paper , or i won't commit new money at these levels but it is okay to keep the old money in , or i am only living on principal , , i am playing with the houses money or i don't care what my stocks do because i get a dividend ----are all examples of believing our own bull shit .

we convince ourselves that somehow our logic is correct when in essence it could not be more wrong .

the good news for gold and tlt is i sold yesterday . that usually has it go up a day or so after , before rolling back enough to buy everything back lower then i sold .
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mathjak107
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Re: Gold's Time To Shine?

Post by mathjak107 » Fri Dec 27, 2019 2:59 am

boglerdude wrote:
Thu Dec 26, 2019 11:59 pm
Sold all my PHYS today, bought at ~1300/oz. Was ~8% of portfolio. The gain offset losses from commodities I held for a year. mathjak's comment struck a nerve, that every day you hold is like making the decision to buy it again at today's price.

Will most likely buy a little AAAU soon. Iono tho, I'm way overweight inflation protection (home + a rental property). And gold isnt a tool that people need anymore, you can trade other real assets like stocks easily now. Maybe some physical to get you across a border. And I dont like that if the price gets high enough they can dig up more. OTOH central banks still buy...but they actually need a way to send someone billions of a universal currency.
why would you buy aaau over phys ?
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Re: Gold's Time To Shine?

Post by boglerdude » Fri Dec 27, 2019 10:49 pm

Gov backed, redeemable, lower ER. https://www.aaauetf.com/calculator
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Re: Gold's Time To Shine?

Post by Smith1776 » Sat Dec 28, 2019 2:16 am

I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?
e + 1 = 0
Anything is a server if you're brave enough.
The Permanent Portfolio will be safe enough to walk away from and forget about completely only if it allows for more than just the problems and hazards that are obvious today. It will have to allow for all of the unforeseeable events of the next 5, 10, 15, or 20 years.
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Re: Gold's Time To Shine?

Post by technovelist » Sat Dec 28, 2019 10:10 am

Smith1776 wrote:
Sat Dec 28, 2019 2:16 am
I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?
You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?
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Smith1776
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Re: Gold's Time To Shine?

Post by Smith1776 » Sat Dec 28, 2019 12:06 pm

technovelist wrote:
Sat Dec 28, 2019 10:10 am
Smith1776 wrote:
Sat Dec 28, 2019 2:16 am
I bit of a "shower thought" regarding gold. I just realized I've naturally "tiered" my gold in a way that's rather telling about how into the PP I am. From shallowest to deepest:

1) Gold ETFs
2) Bullion coins in personal storage
3) Maplegrams in the wallet
4) Gold rings on the finger

I guess if the day ever comes (knock on wood) that I have to liquidate those rings, that'll have to be a seriously bad time. Maybe Canada gets taken over by the Kremlin and we have to get out of dodge to Australia?
You mean Canada hasn't already been taken over by the Kremlin?
Then why is your government so communistic?
Hahaha is this really how people see Canada?
e + 1 = 0
Anything is a server if you're brave enough.
The Permanent Portfolio will be safe enough to walk away from and forget about completely only if it allows for more than just the problems and hazards that are obvious today. It will have to allow for all of the unforeseeable events of the next 5, 10, 15, or 20 years.
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