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Liquidate entire portfolio until virus is over?
Comments
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That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:
Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
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Did you liquidate your entire portfolio into Gold?EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
No one has ever become poor by giving1 -
This is an excellent example as to why no one should try timing the market!
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You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.
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...
Retired 1st July 2021.
This is not investment advice.
Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."1 -
An investor who sold up a World tracker at the start of March and bought gold is 13% up on the investor who stayed in the world tracker.
I bet the latter investor sleeps better.0 -
Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
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Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
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The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.
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So far that doesn't seem to have been the right call but maybe things will change - time will tell. It looks like gold is up about 16.5% in that time but equities are up about 27%. Some of the same effects enhance both - weaker US dollar, low interest rates, possible inflation on the way.EdGasketTheSecond said:
The 18th March was hardly 'belatedly'; it was 5 months ago !!!!!! and around the time of gold and silver's lows for the year.Sailtheworld said:
Not sure where there's an untruth. 2nd March you're discussing the impending protracted bear market. You bounce around for two weeks and then on the 18th you belatedly accept your invite to the gold party.EdGasketTheSecond said:Sailtheworld said:
You started this thread because you had a feeling in your tummy that there might be a protracted bear market and stock markets might fall by a third. You sold; you bought; you tinkered then markets went up and we heard about the next leg down / bull & bear traps / etc.EdGasketTheSecond said:
That is blatantly untrue and unfair. I started this thread back in March and moved into gold and silver, I gave my reasons back then and have no need to make post decision justifications to you or this forum. I am just trying to help others understand the current environment and how they can protect themselves and have a fair discussion.Sailtheworld said:
You've taken a short term punt on gold which will or won't work out but a lot of your arguments look like post decision justification.EdGasketTheSecond said:Sailtheworld said:EdGasketTheSecond said:
All that graph shows you is that holding cash over the long term is foolish. Best thing to do is to use it as a means of exchange and buy assets that add value. Like equities - if you overlay stock markets priced in gold since 1900 gold would look like just another fiat currency.bowlhead99 said:
I won't claim that the article is very insightful. However, it's your idea that gold is proper money while actual currencies are not, that's the nonsense.EdGasketTheSecond said:
Utter nonsense. Gold indeed is NOT currency, it is proper money which the £ and $ are NOT.Sebo027 said:You are wrong there. The definition of money is:1) Fungible2) Durable3) Portable4) Recognizable5) Maintains ValueFiat currencies clearly fail number 5 and so are not proper money:Over 100 years, the dow/S&P500 are approx 4 X the value of gold which is magnitudes better in performance for gold compared to fiat currency:Factor in how overpriced the stock markets are and that a correction is possible/probable, then gold could very well match the performance of stocks over that period extended by a few years into the future.
Quick look back and I can't see when gold first got a mention. What I suspect happened is that your google search terms led you to gold and it resonated. You're a risk taker and so you thought you'd take a punt. You kept googling though and you became even more sure that what you'd done was a good idea (and bought into a few conspiracy theories along the way). You now even believe in the God Ratio that informs when to sell gold and swap back into stocks and vice versa.Started 18th March:I don't know why you want to keep attacking me or saying untruths but please desist!
Gold investors are like vegans. People who have been doing it a while are pretty relaxed about the whole thing - it's the new entrants that have all the fervour - not an ounce of self doubt.0
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