Gold's Time To Shine?

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: Gold's Time To Shine?

Post by dualstow » Sun Dec 29, 2019 8:26 am

Smith1776 wrote:
Sun Dec 29, 2019 8:14 am
...
I like the maplegrams, but they're just for fun. The spreads are awful as you know. I'll be going for a few full on coins this time around!
Excellent
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Re: Gold's Time To Shine?

Post by mathjak107 » Sun Dec 29, 2019 10:32 am

the bad guys know most are not going to be armed
Last edited by mathjak107 on Sun Dec 29, 2019 10:34 am, edited 1 time in total.
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Re: Gold's Time To Shine?

Post by mathjak107 » Sun Dec 29, 2019 10:32 am

i shoot back
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Re: Gold's Time To Shine?

Post by Smith1776 » Sun Dec 29, 2019 2:00 pm

Speaking of Canada vs. U.S -- we're definitely not shooting back here in the north. Concealed every day carry is illegal here.

I do have that swiss army knife, but we all know about bringing a knife to a gun fight.
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Re: Gold's Time To Shine?

Post by mathjak107 » Sun Dec 29, 2019 2:28 pm

With a premise permit here in nyc if you carry and get caught it is just a misdemeanor.....your firearm is registered and your permit is out of class ....so lots of holders likely do carry ...it is always better to be judged by 12 then carried by 6 .

Premise permits are easy to get if you are squeaky clean here in nyc

When we had the old target hunting permit it was just a mis use of permit if you carried ...so they went to a premise permit instead hoping less would carry since it did have some penalties attached if caught
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Re: Gold's Time To Shine?

Post by dualstow » Sun Dec 29, 2019 2:41 pm

Smith1776 wrote:
Sun Dec 29, 2019 8:14 am
...
I like the maplegrams, but they're just for fun. The spreads are awful as you know. I'll be going for a few full on coins this time around!
So, be sure to report on your experience, whether you get local random-year Leafs or 2020 Austrian phils or whatnot.
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Re: Gold's Time To Shine?

Post by dualstow » Tue Jan 07, 2020 7:40 pm

Not to celebrate — gold rarely goes up for happy reasons — but it’s over 1600/oz.
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Re: Gold's Time To Shine?

Post by Smith1776 » Tue Jan 07, 2020 7:44 pm

dualstow wrote:
Tue Jan 07, 2020 7:40 pm
Not to celebrate — gold rarely goes up for happy reasons — but it’s over 1600/oz.
Holy sh#t!!
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Re: Gold's Time To Shine?

Post by Smith1776 » Tue Jan 07, 2020 8:09 pm

This brings to mind a thought I had recently about the PP's asset classes. Rather than the traditional classification, the following might be more generally accurate:

Stocks - prosperity
Gold - disaster
Bonds - deflation
Cash - inflation

Cash actually keeps up with general inflation pretty well (Tyler makes a strong argument in the link below), and the Iran event causing the gold spike speaks volumes about real and perceived disasters.

https://portfoliocharts.com/2017/05/12/ ... -investor/

Gold is inflation protection when it spirals out of control and becomes/threatens in itself to become a disaster.
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Re: Gold's Time To Shine?

Post by dualstow » Tue Jan 07, 2020 9:29 pm

The investing world seems to be way more resilient than it used to be. Markets just absorb all these crazy happenings in stride.
If gold isn’t back down another $20 tomorrow, then I guess something’s really up.
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Re: Gold's Time To Shine?

Post by dualstow » Wed Jan 08, 2020 8:34 am

dualstow wrote:
Tue Jan 07, 2020 9:29 pm
The investing world seems to be way more resilient than it used to be. Markets just absorb all these crazy happenings in stride.
If gold isn’t back down another $20 tomorrow, then I guess something’s really up.
It came back down. Phew.
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Re: Gold's Time To Shine?

Post by Kbg » Wed Jan 08, 2020 8:46 am

Wow...I have one lot of UGLD up 100% now. Who woulda thought?
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