Loading ...poof and it’s gone with the SM, and the USD now flat.
I can only speak for myself, but I am clearly mentally ill. We’ve been patient but we’ve fought the money powers. For me it’s also ego, somehow, I want to be right as others are wrong and be crowned for some illusive investment. Gold, silver and especially the shares are all an illusion. I thought we’d find riches and we’ve found poverty. I’ve also bought into the idea that gold would outperform in times of chaos and SM downturns. Not only have we not found protection, we underperform on the downside in these times.
The other illusion is being afraid of missing out on the really big gains when “it” finally becomes the “go to” asset. IT’S NOT COMING. Sticking around for 20 years holding this stuff is insane and creates depression for me. Easily #2 on the list of things I’ve done wrong in my life.
I remember back before 2008-09′ crisis Peter Schiff on “Fast Money” saying the gold stocks would trade like the next tech stocks because of the USD collapse. The people on the show laughed at him, back then I should have listened to the crowd.
I will never recover financially from investing in pm’s, but I could have if I listened to my son who told me to buy APPL 12 years ago, or Rambus, even Fully.
Sorry for posting a novel, this haunts me every single day of my life.