Sean Carter said:Unfortunately, my colleague is mistaken; it’s not that it won't go down, it absolutely will. As we saw yesterday, we’re circling the drain. Maybe you finally understand why I'm so pessimistic, or perhaps you need more "proof"? For days the price has been creeping up just to plummet vertically! There is one fundamental difference between us. First and foremost, I invest so that I can make a profit, and if I'm not making money, I at least want to protect what I put in. That's why I see a massive red flag when I'm bleeding 10% in Euros and even more in USD. This is a huge issue for me because I didn't find this cash lying on a sidewalk; I worked my tail off for it. Please, in the future, don't try to tell people whether 10% is a lot or a little of their own money. Anyone with enough sense to be investing today already knows if 10% hits them hard or not.
That's all from me. Wishing everyone a good day and hoping for some green on the charts, though I have my doubts!
I think there’s a misunderstanding here. I never claimed there wouldn't be volatility or harsh corrections on this difficult path. However, the critical factors are the entry and exit points. It's not about the fluctuations in between. And no, my goal isn't just capital preservation; I want to profit too. But protection comes first. In my estimation, making a real profit will take ten years. I've always maintained that.
Is 10% an issue for you? Fine. I simply pointed out that much worse scenarios exist. If 10% is too much to handle, sell so you don't lose more.
If you believe I am somehow responsible for your situation, reach out to me. We can set a date and a calculation method, keeping in mind that I always stated we would have to wait over five years. From what I gather, you don't actually make investment decisions regarding precious metals based on internet forums. So, I don't see why expressing an opinion is problematic;
we live in a democracy, after all, and everyone makes their own choices.Furthermore, I have always argued that gold and silver should be bought when prices are high, which isn't the case right now compared to what they could be. And regardless of anyone's feelings, in my view, the price will eventually have to go up. Personally, I
won't back down; I'll ride through the "pain" of these corrections. I certainly won't stop sharing my perspective. Honestly, your "problem" seems minor when you consider the fates of people in Africa, Asia, and elsewhere who work just as hard, if not harder, for almost nothing. You might want to reflect on that, as it dictates how you view your situation. Besides, you can sell whenever you like and walk away. You aren't starving, and from what I can tell, you're doing just fine. It's as if the money owns you. That's wrong;
you should be the one in control of the money.😉
Personally, I couldn't care less what happens to gold over the next two years. I'm looking at the bigger picture.
Meanwhile, some people are "counting" their wealth while leaning against the windows of a cathedral on their deathbeds...