On March 25th, economist Ma Guangyuan stated that gold and silver prices have recently experienced sharp rises and falls, with gold plummeting from a high of $5600 to below $4100. Many people are now thinking about buying at the bottom, but success in catching the bottom hinges on judging the trend. Frankly speaking, over 90% of ordinary people simply do not possess this capability. They don't understand, yet always believe they can buy at the bottom, sell at the top, and make huge profits during turbulent times. This is the most fatal mistake of ordinary people. He directly stated that price fluctuations themselves are a rare learning opportunity and offered three very straightforward reminders: First, with the outcome of the US-Iran conflict highly uncertain, do not gamble, and do not try to buy at the bottom. Thinking of buying the dip to bet on a rebound is not investing; it's catching a falling knife. Second, have a clear understanding of precious metals like gold and silver: they have a reasonable price and cannot go to the moon. They are safe-haven assets below their reasonable price, but when the price is too high, they become the biggest risk themselves. Third, never overestimate your ability to control the overall situation. In this super-cycle, extreme volatile environment, over 90% of people lack the ability to buy at the bottom and also lack the ability to exit in a timely manner. Once they enter the market, they are likely to be swept up by the market, go with the flow, and ultimately suffer heavy losses. (Dongxin News Agency)
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