maybe; past performance doesn’t predict future results. that last crash was in the face of a lot of uncertainty about covid. the next crash might be different.
it was painful for me to be a buyer today. so i bought some, because i did not want to.
I expected some consolidation. i thought we would be in the 1900s for a while, screwing around, waiting for news on a vaccine or something. gold seemed almost afraid to break 2000. But i also wouldnt be surprised to see this thing melt upwards, maybe not now, but some day not so far away. when people scramble for the exits, that money has to go somewhere. usually it’s the dollar. now, i’m not so sure where people think “safe” is anymore. i dont think it’s that we printed “too many” dollars. I think the underlying cause will people lose faith in the USA because they think, yeah, this country is fucking nuts. i mean, we have a strong advantage just the way the system’s structured now, but look around. half the nation thinks trump is a good president. we cant seem to not kill ourselves from covid. our people are dumbshits. yeah, we are good athletes and make objectively better movies, but looking forward, is the dollar really where you want all your eggs? things change….gold could be the bridge…
if we woke up in the morning to 2200 gold, i would not be shocked.
however, i would take anything i say with a grain of salt, because i have been overweighted gold for a long time. even a stopped clock like myself is right twice a day, aand not that far off the correct time, even more often than that! its painful to sit on losses for years. but i stay married, dont charge careers and refuse to budge on my position that the dollar is doomed.
on the other hand, i have been buying like crazy the last couple months.
i didnt quite have the guts to go all in…what i know now, that i didn’t know 10 to 20 years ago, is that I’m pretty dumb.
the only things i actually know, if you are an ordinary person want to be financially successful, is
1. pick a good mate, preferably a moneymaker who doesnt spend.
2. be cheap.
3. have a financial plan and stick to it not involving market timing. invest with a long time frame in mind
4. dont get divorced.
5. avoid debt and big expenditures.
6. try to make money
all the other bs i spouted, ever, just shit i read that resonated with me on some emotional level.
