The best thing is that my capital is being preserved (and that was always the idea).
The worst thing is that now we have to suffer the zero-sum-gain crew of amateurs collectively known as the "goldbugs" who'll crow and preen and explain to the world just how right they are. The same people who called "buy gold" at $1000, $950, $900 then $850 then $800 and then $750 will ignore all the other calls and shout "I called gold a buy at $750, you need to sign up for my newsletter."
Goldbugs give serious investors with gold a bad name. One more time and for the record; the amount of people who "get rich" by investing in gold can be counted on the fingers of one hand. Gold is not a medium for getting rich. It's a medium for staying unpoor, and that's exactly what you need in times like these.
The worst thing is that now we have to suffer the zero-sum-gain crew of amateurs collectively known as the "goldbugs" who'll crow and preen and explain to the world just how right they are. The same people who called "buy gold" at $1000, $950, $900 then $850 then $800 and then $750 will ignore all the other calls and shout "I called gold a buy at $750, you need to sign up for my newsletter."
Goldbugs give serious investors with gold a bad name. One more time and for the record; the amount of people who "get rich" by investing in gold can be counted on the fingers of one hand. Gold is not a medium for getting rich. It's a medium for staying unpoor, and that's exactly what you need in times like these.