I broke a cardinal rule and I do not regret it
Sometimes, not all the time, but sometimes you can judge a person’s behaviours based on their posts
I say sometimes because when I talk about myself I often don’t “drop hints” to my moves via my hive posts
However sometimes the line can be drawn and reality can line up
So, not too long ago, we saw gold and silver hit their local highs
Well, I cashed out a nice chunk of both metals at their highs
Well, gold was at its all time high, and silver was at its high of the time
Why did I sell them?
I told you in the posts recently, gold and silver are money. What do you invest with? Money!
So that money, is up well over 3x.
If I sell today, I can get more than 3x the metals
why more than 3x when my crypto did a 3x? Well, the metals are less expensive today than they were when I sold at the top
So really, maybe 3.4x my metals back?
I can see that number go to 25x by next year, but if gold and silver go on a run that 25x can be far less. But do I see gold and silver do more than a 10 x?
Hell no
5 x? MAYYYBE silver… but now
2x? Possible? But maybe even that no in the next year…
So crypto is the place to be, and while fiat continues to die, even debt was good to convert into crypto back then… but really? At that point why not sell the clothes of my back and go all in.. by more clothes lol
But there’s a limit
I mean what I should sell my car, my ipad, my ubereats gift cards, for more crypto?
I mean sure
If I sell my $40,000 care and buy something that goes up 10 x I can buy back the car and a nice property… it’s worth taking the bus right?
Or buy a 20k Honda and put the other 20k to work…
But again, there are limits to everything
Im not trying to Michael Saylor my way to the top by financing my way full leverage.
Yes, if it works its quite the windfall, however leverage is one of the ways great powers go to zero
And I might still be a young lad compared to some of you old timers, but Im a wise old man compared to some of you youngin’s… my tolerance for risk is getting lower and lower and the peace of mind that comes with a massive bag of high yield is way too attractive these days
You know what else is good for peace of mind? A couple of monster boxes full of gold and silver :)