RE: RE: Always Worry About the Other Guy
You are viewing a single comment's thread from:

RE: Always Worry About the Other Guy

Words
339
Reading
2 min
Listen
Play
7y

Ok, I see what you are doing (sort of) but yeah nothing moves completely linear, would make sense for a pull back at least this week. Rumor has it that a major bank(possibly in Japan) was in a difficult position and had to sell off tons of paper gold yesterday + several bank runs abroad both depositors and electronic that made some banks lock up their doors with liquidity issues. I have been keeping an eye but I still feel the fomo because of the number of banks on the verge of collapsing or being kept on life support. I did get a little bit after we talked last time then suddenly gold went up a lot right after...lucky shot there. Hopefully it pulls back for another buy. Still going to pick some up later today but the price was already secured before the rise and also not in bullion form(I'm lucky to have a good dealer that finds good bling from those desperate to sell/liquidate things in a stupid way to make the bills). Consolidation would be nice for another near future buy. I still think a lot of these events (Iran/coronavirus, etc) are manufactured black swans to cover up/scape goat for the failing banks and other crap. Who knows what's going to happen anymore. Like you said below, real cash is king, I just shed the excess at strategic times to maintain long term purchase power. I kinda budget a lot long term given the unreliable nature of my employment (contractor in the oil industry) while finding new ways to curb useless spending. I'm still doing good enough considering the chaos of the last 4 years we have experienced here, that leads me to believe I'm on the right track with the right pace. With work resuming soon and income robbery (tax) returns season is here, good time for a dip and a buy in the coming weeks if it does consolidate. Cash might be king but I think the printing presses are going to overheat soon.

@ladybug146: Ok, I see what | Ecency