RE: Gold crashing again16 May 2025 13:52
Afternoon all,
I decided to sell at 12p earlier (and 12.8 recently, wish i did at 14p now), for the short term!!
The reasons, are i use Jarvis Investments who are ceasing trading soon and handing over to ii. I like to be in control of my finances, so will move my money myself to ii, await the ASX listing, share consolidation and when i am comfortable i will buy back in at the best price. Unless anything dramatically changes in the meantime.
Many people are shouting about the 100% rise recently, which i have profited from also. The other way of looking at it is we are way way down from 34p, which at the time i sold and called it correctly then. It's only paper loss, but still.
A few have simply voiced pro's and con's recently and have been shot down for negativity. I am very positive about GGP, however if i said in 2021, 34p that in 2025 we will be at 5p, i can imagine the abuse haha. GGP have done everything right, but you can't control the market.
Some people can be very defensive over ggp. GGP are an amazing company, SD is a wonderful Director and big things are ahead, but they have zero control over markets, gold prices, Trump and external factors. From experience, i now invest like a robot/businessman and take my heart out of the equation. I use experience, having lost plenty of money and sometimes go with my gut.
I only share my decision as i like to be transparent, as a long term investor in ggp and wishing us all good people, good luck. I don't have huge ISA's or money that can't be moved. I am lucky to be quite fluid with my investments.
Whilst we await the next phase i can see us being pushed further down. I could get it wrong of course. If it creeps back up i am ok with my choice, but consolidation catches me out time after time so just from personal choice, i will invest again soon when i feel ready.
Look forward to coming back soon and following the posts daily and everyone's thoughts. I also thank the respected and long term posters who have contributed huge insight and valued thoughts. You have helped myself and family members to become profitable in GGP, much more than any other share. Keep us the great work GGP