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When social media, every damn thing you read is preaching that Gold is going to reach $10,000 - $50000 and Silver is going to $500, and Gold/Silver fever starts to take hold, everyone including me is emotionally driven to sell the farm and Buy. Buy, Buy, that tells me that someone is rocking a major psyop.
I don't completely buy that the smartest financial guys, that have all the worlds money is stupid, and has lost control. I am not going to buy gold and/or silver at these near record price, because I would be doing so on the back of emotions, and that is never a good thing. Some small voice in my gut tells me we are being played at present.
It also seems a lot of people holding silver, minus myself, are saying buy buy buy so it raises their profit margins. But really, there's no reason to do that here. This community makes zero effect on the price. Imagine if you'd bought yesterday. Feel like a fool today.
Yea that would hurt.
I can't understand why when Silver is at record price, there seems to be a stampede to buy. But the when price has major dip, everyone rushes to sell to convert to FIAT.
Just take emotion out of it, and use dollar‑cost averaging.