RMS ramelius resources limited

The Midas Touch ???, page-76

  1. 377 Posts.
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    You're right, it so difficult to keep calm when the most recent price gains are probably entirely down to the whims to that Hitler-wannabe, and can be easily undone by him as well.

    I don't have reserves so large I don't have to worry about a correction after such a rapid run up, so I sold a little bit of my major holdings which I may or may not regret. On balance, I think I do hope to have a chance to buy again what I sold today at a lower price.

    After all, the longer term driver of the USD gold price is not so much tariffs or what he says but the $200tn debt pile that America and the world sits on that is highly collaterized, much of it unpayable, effectively delinquent and possibly waiting to topple over domino style. Real assets, especially gold (imo) will truly umm, shine.

    I'm still totally sold on gold 2, 3 or even just 1 year out. It's the next 1 day, 1 week or 1 month that frightens me. Pretty sure many of us are in the same quandary. In hindsight, as has happened to me many times, just sitting it out will probably turn out to have been the best course of action. It's just easier said than done.

    Last edited by 2Luke: 17/04/25
 
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