RE: Perpetual Gold Bug Harry Dent Sees $900 Gold26 Jan 2023 08:49
Yep- Gold, like stocks, can only go up or down... when people are right the first time every says wow, until they are wrong- of course some are never wrong like MADOFF lol... they make money from clicks and subs and are pointless. Look at the last 30years and the charts for pretty much all major investments people make, property, stocks, commodities etc etc. and the times there is a crash- if you add up all the weeks over time - you can calculate the odds of predicting a big crash eg >25% drop v just trading on the chances of your investments going up in 30 years... and yes, I've seen the film the big short, and the stories of the lucky few who got in on recent oil price crash, but what these stories fail to mention in the millions who lost out whilst waiting and predicting these things. I held tight in March2020 and markets are way higher now than before and if you listened to all the doomsayers we should have been at least 50% lower across most markets... the nutty thing is, the doomsayers are still banging on, and those that listened are still sitting on their 30% losses when they bailed ~April2020 on pure fear and waiting - but it will take about a 50% crash now for them to justify their sell and break even, such as been growth since then...