Gold's Time To Shine?

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
mathjak107
Executive Member
Executive Member
Posts: 4456
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

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
User avatar
dualstow
Executive Member
Executive Member
Posts: 14232
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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.
Sam Bankman-Fried sentenced to 25 years
User avatar
dualstow
Executive Member
Executive Member
Posts: 14232
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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.
Sam Bankman-Fried sentenced to 25 years
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3506
Joined: Fri Apr 21, 2017 6:01 pm

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!!
🛞 The All-Terrain Portfolio 🛞
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3506
Joined: Fri Apr 21, 2017 6:01 pm

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.
🛞 The All-Terrain Portfolio 🛞
User avatar
dualstow
Executive Member
Executive Member
Posts: 14232
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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.
Sam Bankman-Fried sentenced to 25 years
User avatar
dualstow
Executive Member
Executive Member
Posts: 14232
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

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.
Sam Bankman-Fried sentenced to 25 years
Kbg
Executive Member
Executive Member
Posts: 2815
Joined: Fri May 23, 2014 4:18 pm

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?
User avatar
Smith1776
Executive Member
Executive Member
Posts: 3506
Joined: Fri Apr 21, 2017 6:01 pm

Re: Gold's Time To Shine?

Post by Smith1776 » Tue Jan 21, 2020 6:11 pm

https://www.cnbc.com/video/2020/01/21/r ... rview.html?

"I think you have to have a certain amount of gold in your portfolio."

Interesting interview of Ray Dalio.
🛞 The All-Terrain Portfolio 🛞
Kbg
Executive Member
Executive Member
Posts: 2815
Joined: Fri May 23, 2014 4:18 pm

Re: Gold's Time To Shine?

Post by Kbg » Tue Jan 21, 2020 11:10 pm

I get the sense Dalio's team sees the mountain of debt being built up being dealt with via inflating it away as a form of payback.
Post Reply