I can't post it because I'm an idiot.
But when the 1-month risk-free rate starts flopping around like a freshly landed trout, sorta makes you wonder....
Everyone needs short-term collateral right now, today, this moment...?
I apologize. We took our boys to a Sharks game last night - lots of fun. And I'd not yet listened to the interview. I was working from the image of the youtube, which only showed Lee & Bob: I thought the latter interviewed the former. Now I'm back home and listening... and discover there's a third person. My bad. Great interview.
The best version of Excel was about 15 years ago, I think with Windows XP.
They continually add & change stuff to "improve" it.
Still better than Google Sheets by a mile, IMHO.
The other program whose elegant & reliable simplicity has been ruined by forever-tinkering is Adobe Acrobat.
We lived in San Francisco near Fisherman's wharf with a 2 year old and a 3-month old. Our region is notorious for earthquakes, and as certain as night follows day, eventually, the entire freaking region is going to come tumbling down when The Big One strikes. Our family just suffered through over 50 hours without power & heat because... there was a winter storm. It is not the first time we've lost power for an extended period and it won't be the last (although I am working on a contingency for next time...).
Had the Big One hit while we were with 2 young children in the city, our plan was to take our gold coins down to the wharf and/or yacht club and seek to purchase any boat the hell out to somewhere outside the wreckage zone - and make our way to family in SoCal. With our family in tow, a five-figure one-way trip would have been inconsequential. I lived through the 1989 earthquake here, and I was trapped overnight in downtown LA during the Rodney King riots.
California can turn on a dime: I've seen it and I've lived it.
Gold coins may not solve all problems, but when the chips are down, and there's no electricity to feed ATMs, I want some for the contingencies I cannot even imagine.
There is risk of loss... and there is risk of loss.
I know a thousand spots in my yard where I could dig a hole.
I could hide 100 1-ounce gold coins in different places in my house: distributed security. Make a google doc with their location, because my aging mind is a sieve. Hypothetical thieves come in and find some of them, but certainly not all.
100 coins = ~$200K.
If you are making thereby a 5% allocation to physical, it assumes a net worth of $4m.
Assume $1m of that net worth is equity in a California home.
Assume the remaining $2.8m is the classic split 60-40 in equity & bonds.
That assumes an equity portfolio of $1.68m.
The $200K in physical is "worth" a 12% drawdown in that equity portfolio.
There is risk of loss & there is risk of loss....