by theluckycountry » Thu 05 Feb 2026, 06:27:02
On Record
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')Like I said, it's a little embarrassing, I have never wanted Gold to go up at such rates, we Goldbugs prefer a more steady climb because we know that means the economy, while getting incrementally worse year by year, is still going to hold together. We like stability, but we buy Gold because when things go tits up we are covered. I doubt many serious buyers do it for a windfall.
Well now we're looking at a windfall, and that begs the question, do we start to sell out at a certain point and upgrade to better homes, luxury cars? that's not in our mindset, we are conservative with money. But it will get to a certain level where it's obviously going to correct and no one wants to throw away real money when it's there for the taking.
So with those profits realized the PMs can now settle down to their traditional role of inflation busting. That's why I feel relief in a sense when I see them correcting back down today. You have to temper your desire for wealth with a rational stand-off mindset. The reason most people are poor today is because they have the bubble (to da moon) mindset. They chant Buffett but they do the exact opposite.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.