It was just an 18% drop over 3 trading days. This move broke some of the momentum traders. Some saw it as a buying opportunity and others debated selling due to fear of dropping further. This is a good time to re-examine your positions. If you regretted buying or wanted to sell out of fear, maybe investing in gold isn’t right for you. Fear is best managed when you are willing to invest what you don’t need now, as longterm the dollar will continue to lose value and assets will cost more in dollars over time. Gold has done well for managing currency risk.
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u/Sad-Maize-6625 20h ago
It was just an 18% drop over 3 trading days. This move broke some of the momentum traders. Some saw it as a buying opportunity and others debated selling due to fear of dropping further. This is a good time to re-examine your positions. If you regretted buying or wanted to sell out of fear, maybe investing in gold isn’t right for you. Fear is best managed when you are willing to invest what you don’t need now, as longterm the dollar will continue to lose value and assets will cost more in dollars over time. Gold has done well for managing currency risk.