Gyroscopic Investing

Dragoncar, so much for the slow drift downward and gold's follow-through...

Stoopid gold...

Gold's gyrations are making me dizzy. All the "so called smart guys" are predicting a hard drop in gold before bottoming and starting back up. Who do you believe?

portart wrote: Gold's gyrations are making me dizzy. All the "so called smart guys" are predicting a hard drop in gold before bottoming and starting back up. Who do you believe?

I believe two things:
1. No one knows what is going to happen
2. However, if anyone did know, they wouldn't make it public.

There is one thing I do know for sure. Things drop faster then they go up. Getting gold back up to $1900 an oz won't be overnight barring an unseen major currency black swan event which is why we hold the gold in the first place.

portart wrote: There is one thing I do know for sure. Things drop faster then they go up. Getting gold back up to $1900 an oz won't be overnight barring an unseen major currency black swan event which is why we hold the gold in the first place.

Over the last five years, gold went up faster than it dropped.



Are there any other things you know for sure? 

I would welcome being wrong on this one.  A two hundred point melt up would warm my heart.

Hi,

I am a bad luck guy, the year I started PP, it makes a negative year

Regards

[img width=600 height=360]http://shadyboules.files.wordpress.com/ ... d-luck.png[/img]

At least you chose a portfolio whose down year is like -3%. You could have gone all into gold and been down 30%.

frugal wrote: Hi,
I am a bad luck guy, the year I started PP, it makes a negative year
Regards
http://shadyboules.files.wordpress.com/ ... d-luck.png

Take heart, frugal. That's only one year. The problem with us primates is that things don't move quickly enough as we stare at our portfolios. It's like watching a river carve a canyon or a mountain being made- doesn't quite match up with our sense of time. Hang in there.

The PP way is the acceptance of return of the four assets. It prevents the double gain in a year or the cut in half lossed in year, choose your poison. The purpose of the VP is to play the death march up and down without sinking the ship and losing sleep which REALLY SUCKS. I will literally adapt any strategy that protects my weatlh without disturbing my peace of mind. If your greedy, you better know yourself because when your whole life's portfolio goes down 40%, you find out how tough your stomach lining really is.