Liquidate entire portfolio until virus is over?

EdGasketTheSecond

Sure you have to get out when it is expensive relative to other assets. You can use a measure such as the Dow/Gold ratio for instance to see if it is expensive relative to stocks.

Sebo027

EdGasketTheSecond said:

Sure you have to get out when it is expensive relative to other assets. You can use a measure such as the Dow/Gold ratio for instance to see if it is expensive relative to stocks.

Ed,
You didn't response to my last post. Don't you find it suspicious that the "data" around the doomsday fiat currency collapse is tweaked and presented to be support that narrative at all costs?

Sebo027

MaxiRobriguez said:

blue_max_3 said:

This is an interesting interpretation of the situation. At least a reasoned view.
https://www.youtube.com/watch?v=0pU9IlkuJAU&feature=youtu.be

If it's on Youtube it must be true. Especially if it's being delivered by a bloke who looks like he's living in student accommodation. 

LOL 

Sailtheworld

EdGasketTheSecond said:

Sure you have to get out when it is expensive relative to other assets. You can use a measure such as the Dow/Gold ratio for instance to see if it is expensive relative to stocks.

Now you've moved the goalposts to agree with me which is that it's a p**s poor hedge against inflation (at least for the last 100 years) but if you're good at trading it can be profitable - you don't say.

The dow / gold special god particle ratio is nonsense - if it was reliable then it would be priced in.

port_of_spain

Golden goalposts?

blue_max_3

MaxiRobriguez said:

If it's on Youtube it must be true. Especially if it's being delivered by a bloke who looks like he's living in student accommodation. 

I think you are having some trouble interpreting what I wrote. I suggested it was a reasoned view. If you can poke holes in it, please go ahead. I hoped to have a discussion about the contents, not blindly accept everything I read. Unless you just wanted to get your joke in somehow and in that case

EdGasketTheSecond

Sailtheworld said:

EdGasketTheSecond said:

Sure you have to get out when it is expensive relative to other assets. You can use a measure such as the Dow/Gold ratio for instance to see if it is expensive relative to stocks.

Now you've moved the goalposts to agree with me which is that it's a p**s poor hedge against inflation (at least for the last 100 years) but if you're good at trading it can be profitable - you don't say.

The dow / gold special god particle ratio is nonsense - if it was reliable then it would be priced in.

You twist things around to make difficulties where none exist.

Look at it this way then as you seem to find this difficult. Take the strongest fiat currency, the US dollar. In 1970, when the US dollar was still linked to gold, you could buy an ounce of gold for $35, now that same ounce of gold would cost you $1700 dollars. I can guarantee you will never be able to buy gold for $35 an ounce again. You cannot, however, guarantee me that it might not cost $10,000 to buy an ounce of gold in the future. Therefore gold is obviously a much better store of value than fiat currency.

No goalposts have been moved by me. I would rather hold gold long-term than any fiat currency for a store of value. As I hope also to increase my wealth I will sell gold if it looks expensive compared to some other asset I might believe to be cheap, be it a stock or real estate or a barrel of oil.

Can you understand that now?

EdGasketTheSecond

Sebo027 said:

EdGasketTheSecond said:

Sure you have to get out when it is expensive relative to other assets. You can use a measure such as the Dow/Gold ratio for instance to see if it is expensive relative to stocks.

Ed,
You didn't response to my last post. Don't you find it suspicious that the "data" around the doomsday fiat currency collapse is tweaked and presented to be support that narrative at all costs?

Sorry Sebo027, I don't see your last post. I get so much hostile flak on here. What page was it on please?

port_of_spain

EdGasketTheSecond said:

Look at it this way then as you seem to find this difficult. Take the strongest fiat currency, the US dollar. In 1970, when the US dollar was still linked to gold, you could buy an ounce of gold for $35, now that same ounce of gold would cost you $1700 dollars. I can guarantee you will never be able to buy gold for $35 an ounce again. You cannot, however, guarantee me that it might not cost $10,000 to buy an ounce of gold in the future. Therefore gold is obviously a much better store of value than fiat currency.

Why are you still ignoring the interest you'd get by holding dollars over 50 years, which gives a completely different outcome?

Why are you still cherry-picking what was with hindsight a perfect year to buy gold?

blue_max_3

Bitcoin might have been good for you, if you were brave at the start. Or property. Hindsight is a wonderful thing. Even an endowment in the very early days would have been a good investment!