Gold's Time To Shine?
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- mathjak107
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Re: Gold's Time To Shine?
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
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
- dualstow
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Re: Gold's Time To Shine?
So, be sure to report on your experience, whether you get local random-year Leafs or 2020 Austrian phils or whatnot.
- dualstow
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Re: Gold's Time To Shine?
Not to celebrate — gold rarely goes up for happy reasons — but it’s over 1600/oz.
Re: Gold's Time To Shine?
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.
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.
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
- dualstow
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Re: Gold's Time To Shine?
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.
If gold isn’t back down another $20 tomorrow, then I guess something’s really up.
Re: Gold's Time To Shine?
Wow...I have one lot of UGLD up 100% now. Who woulda thought?
Re: Gold's Time To Shine?
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.
"I think you have to have a certain amount of gold in your portfolio."
Interesting interview of Ray Dalio.
MB
Ruby on Rails rules all
www.allterraininvesting.com
Ruby on Rails rules all
www.allterraininvesting.com
Re: Gold's Time To Shine?
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.