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Phase 3 update - The End Game - $GC, $SLV, $DXY
Appreciate the recent attention from the 'Big Hitters' in the Gold, Silver and miners space - Tis appreciated.
This thread is a follow up on the below. And some summative thoughts for the next phase of this market.
Phase 3 = .. https://twitter.com/BuyingMyFreedom/status/1302216348869820417
Appreciate the recent attention from the 'Big Hitters' in the Gold, Silver and miners space - Tis appreciated.
This thread is a follow up on the below. And some summative thoughts for the next phase of this market.
Phase 3 = .. https://twitter.com/BuyingMyFreedom/status/1302216348869820417
Context: 'Keep your 'stuff', I want freedom'
Context: I work 40+ hour weeks. I don't work in the financial sector. I earn okay money. I enjoy my career... But I need to be 100% in control in how I spend my time.
Gold and Silver is the trade that gets me that.
Context: I work 40+ hour weeks. I don't work in the financial sector. I earn okay money. I enjoy my career... But I need to be 100% in control in how I spend my time.
Gold and Silver is the trade that gets me that.
Last week my account dropped 2 years wages -
"Holy Sh*t! You most be dying!"
No - I am building resilience. I share to give you insights into a state that I believe you need to enter to make wealth. How you get into this state may vary. For me it is confidence in the process
"Holy Sh*t! You most be dying!"
No - I am building resilience. I share to give you insights into a state that I believe you need to enter to make wealth. How you get into this state may vary. For me it is confidence in the process
The Process: This is not meant to be easy. And it CERTAINLY isn't comfortable. You are trying to make money in the most manipulated asset in history. You are either REALLY stupid... or you understand some of what is happening around monetary policy.
The self doubt … 101
The self doubt … 101
Mentality, mentality, mentality.
When down I have 1 question:
Q - "What is the likely outcome of unprecedented money printing?"
A - "Inflation of hard assets."
Action: Hold assets linked to asset inflation. I choose Gold and Silver miners.
You can choose many things.
When down I have 1 question:
Q - "What is the likely outcome of unprecedented money printing?"
A - "Inflation of hard assets."
Action: Hold assets linked to asset inflation. I choose Gold and Silver miners.
You can choose many things.
The Kicker...
When your PF is going UP, you have 100's of questions!
Things I could redirect gains to... Mortgage/ Property/ Equities/ Cars/ Holidays/ Reducing working hours
Things that could go wrong... Sell off, country dumps gold, nationalisation of mine, mine strike...
When your PF is going UP, you have 100's of questions!
Things I could redirect gains to... Mortgage/ Property/ Equities/ Cars/ Holidays/ Reducing working hours
Things that could go wrong... Sell off, country dumps gold, nationalisation of mine, mine strike...
If you are worried about holding when you have ONE question... You will certainly fail when you have HUNDREDS.
So, pick a lane. Are you here for a 'trade' or are you here for X - You get to define 'X'.
The former is perfectly legit. But I am here for the latter. However,...
So, pick a lane. Are you here for a 'trade' or are you here for X - You get to define 'X'.
The former is perfectly legit. But I am here for the latter. However,...
I am not smart enough, lucky enough or good enough to pick out more than one bull market. I know this. In fact, I am so unconfident that I could identify another opportunity, I'd rather lose all my money in this market than try.
Why? If I am wrong. Well, I am wrong. I can cope.
Why? If I am wrong. Well, I am wrong. I can cope.
BUT, if I am right, and I try to be clever... And I miss the opportunity. I couldn't cope with that. I am not sure I would ever recover.
Like early adopters of BTC. Believing in the journey but selling at $150.
I would be broken. But I can cope with being wrong - 100%.
Like early adopters of BTC. Believing in the journey but selling at $150.
I would be broken. But I can cope with being wrong - 100%.
Helpful charts - I look at Amazon a lot. Track how I would feel at certain points if I bought in at X...It is amazing learning.
Buying at the first top would have soon felt like failure.
Doing anything but holding until now would certainly feel worse.
Buying at the first top would have soon felt like failure.
Doing anything but holding until now would certainly feel worse.
Summary: Will G/S give me/ us more? I don't know. I do see policy, fundamentals and TA aligning, but I cannot guarantee it.
I CAN guarantee that if I am right, and not onboard, that I would not recover.
So I am calm. I have been down 50%+ and sold miners
I CAN guarantee that if I am right, and not onboard, that I would not recover.
So I am calm. I have been down 50%+ and sold miners
at 300% up in August.
I may go 50% down again. I wont look. I wont do anything. I will get up, breath, move and live. Knowing that I have 1 question to answer.
What you learn and how you act now is critical. It will be who and what you become. Good luck - Back in 2021 x
I may go 50% down again. I wont look. I wont do anything. I will get up, breath, move and live. Knowing that I have 1 question to answer.
What you learn and how you act now is critical. It will be who and what you become. Good luck - Back in 2021 x
