Gold's Worst Month Ever Is a Buying Opportunity
- •Hey everyone, just read this article: "Gold's Worst Month Ever Is a Buying Opportunity" .
- •My first thought was, "Worst month ever?
- •I've been burned before trying to catch a falling knife, so I'm a little more cautious these days, especially with the family to think about.
Hey everyone, just read this article: "Gold's Worst Month Ever Is a Buying Opportunity". Dominic Frisby is still super bullish on gold, even after what the article calls its "worst month ever." He's sticking to his guns about gold hitting $10,000, which is a pretty bold claim, especially right now.
My first thought was, "Worst month ever? Really?" I mean, I'm invested in a few gold mining stocks for diversification and as a hedge against inflation for my retirement portfolio, but I've personally seen some pretty wild swings in the market over the last couple of decades. The emotional side of me says "buy the dip" after such a significant drop, especially with the long-term outlook on inflation, but the rational side is holding me back a bit. I've been burned before trying to catch a falling knife, so I'm a little more cautious these days, especially with the family to think about.
What are your thoughts on this? Is this truly a generational buying opportunity for gold, or is it a sign of a larger trend downwards? Has anyone else been adding to their gold positions, or are you waiting to see if it bottoms out further? Curious to hear some other perspectives and what moves, if any, you're making based on this kind of commentary.