210 sats \ 1 reply \ @freetx 8 Jun \ on: What is the Biggest Financial Regret of Your Life? bitcoin
I've been lucky / blessed. However around 2004 I became convinced the stock market was overheated and a financial reckoning was coming so I moved heavily into gold / silver / commodities (I was a big listener to Jim Rogers at the time). I didn't appreciate how long the fiat system could continue to patch itself up, nor that structurally the stock market would just "melt upwards".
This one hits close to me, but primarily because in my corner often was Peter Schiff and other gold bugs. From 2012 to 2019 he would always claim the sky was falling and the market was going to crash, and it never did. In that time range gold/silver went up, but at a small fraction of what the stock market went up at. The way I look at this lesson, is to be careful who you listen to cause things can get fixed over for a very long time. Furthermore, the government can always kick the can down the road by QE.
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