Transcript
Ah, that’s how I feel watching the gold price crash and as I’m recording this, the yellow metal is down over $100. Now. It’s easy to get caught up in emotions when you see a bunch of red on the ticker. Don’t. Emotion is your enemy when it comes to investing. It’s important to have a long term plan and then work it. That means you don’t respond on impulse to every headline. It’s not that I don’t feel the emotion, I do. I just try to keep it in perspective. When I see these dips in the price, I ask myself, do I think this is a sign currency? The basement is ending. Do I think this means gold’s going to be lower in five years? Has anything fundamentally changed? Of course, the answer right now is no. Currency debasement is the stated plan. All roads lead to inflation. I want to hold on to my gold sound money that will protect me from the loss in purchasing power. So if the answers to my questions have it changed today, I’m not going to hop on the Soul Train.