Johny

Last year I bought ten 1 ounce gold bars and they've lost 3k in value already, I'm not clued up on trading , buying and selling or understand how markets works I just read and watch others and try make a decision
Lately I'm seeing a few people on other platforms talk about a massive crash and if you're up to date with the plan for a great reset by Klaus analschwaab then you'll know the elite plan is to bankrupt us all because their motto makes it's obvious thats their agenda 
I'm interested in what people think on here , iv heard 1 guy say in his yt video that gold silver and crypto is going to crash hard and that's when he'll buy more, I'm thinking of selling the gold and holding on to the cash to buy back in at a lower price. 
Do you think it's going to drop or raise in price ?
 

Last year I bought ten 1 ounce gold bars and they've lost 3k in value already, I'm not clued up on trading , buying and selling or understand how markets works I just read and watch others and try make a decision
Lately I'm seeing a few people on other platforms talk about a massive crash and if you're up to date with the plan for a great reset by Klaus analschwaab then you'll know the elite plan is to bankrupt us all because their motto makes it's obvious thats their agenda 
I'm interested in what people think on here , iv heard 1 guy say in his yt video that gold silver and crypto is going to crash hard and that's when he'll buy more, I'm thinking of selling the gold and holding on to the cash to buy back in at a lower price. 
Do you think it's going to drop or raise in price ?
 

Definitely on the same page and thanks I hope I make the right choices regarding the gold 

Agree with everything Dicker said.  The only thing I will add to his comments is this…
Everyone who is buying gold should ask themselves this question: “Why are you buying gold?”  If you can’t answer this question, then you will not get a satisfactory outcome or expectation.  To quote Jon Nader, he said: “If you buy gold for the right reason, there is no such thing as the wrong time or the wrong price.” 

So what you believe in will dictate your response to the above question I posed.  If you can answer that question with clarity and conviction, your choice on whether to hold or sell will become crystalized.  

Hi
Sorry to hear about your circumstances. 
I obviously don’t know your full circumstances however you may be eligible to get  PIP, personal independence payment. I believe it is around £400 a month and is not means tested. May assist in your current situation if not already aware/ interested. 
Stu
 
 

Should read my messages before sending them. It was ment to say the replies you had received. 
 

Sorry I didn't mean to sound harsh in my replies not my intention at all, I'd never ask for advise then be purposely rude to someone giving it 
Yes maybe I'm reading and watching too many horror stories of a massive crash and losses so I'm panicking 
Last year in December I had a serious accident left me in a wheelchair for 6 months I lost my job and now can't walk properly which affects my line of work so I'm currently unemployed. Not easy finding a new job doing something you have no clue about
Im not mentioning this for sympathy think I'm trying to explain where my fear of losing money comes from, the gold and bitcoin is for my children to try help them when they need it. Now I'm out of work I'm living off savings but once they go  not sure what's next, hopefully not breaking in to my investments 
Im leaning towards selling 5 of the bars and keeping 5, the money from the 5 I'm going to think hard and learn where to invest it wisely. Thanks for all replies 
 
 
 
 

Sorry I didn't mean to sound harsh in my replies not my intention at all, I'd never ask for advise then be purposely rude to someone giving it 
Yes maybe I'm reading and watching too many horror stories of a massive crash and losses so I'm panicking 
Last year in December I had a serious accident left me in a wheelchair for 6 months I lost my job and now can't walk properly which affects my line of work so I'm currently unemployed. Not easy finding a new job doing something you have no clue about
Im not mentioning this for sympathy think I'm trying to explain where my fear of losing money comes from, the gold and bitcoin is for my children to try help them when they need it. Now I'm out of work I'm living off savings but once they go  not sure what's next, hopefully not breaking in to my investments 
Im leaning towards selling 5 of the bars and keeping 5, the money from the 5 I'm going to think hard and learn where to invest it wisely. Thanks for all replies 
 
 
 
 

Haven't read all the replies so sorry if someone has already said this but keep them for a good few more years and you have alot more chance of getting your money back plus a bit more. Better than holding in to cash imo

I would definitely keep them. I too bought a couple ounces at £1500! But I just continued stacking and cost averaging down now its barley a blip on the cost sheet!
With the world going the way it is, I just can't see it being a bad idea to hold on to gold. Price goes up = buy gold. Price goes down = buy more.

Good luck with whatever you decide and let us know how you get on. There are a few of us here that have liquidated some of our PM's to buy the crypto dip and it is always best to have options. Some of your were replys seem a little harsh in my opinion, take what you want from it as "experience". If you decide to sell some then that's the next big learning curve and maybe beneficial to see the whole process through. To be honest it's rather refreshing to hear about potential losses on here as a matter of balance instead of the usual mantra of long term hold with no clue what the future holds. 

My 2 ct : Investing and holding PM, Art, Crypto etc will make unexperienced people nervous.  Specially when browsing the internet for info on their investment. The first thing you will find are horror-stories. 
My suggestion: Read up on PM's. Do some research and create a tactic that works for you. Then stick to it and trust yourself. 

You are so wrong actually, couldn't be further from the truth 
When I bought both gold and crypto it was so I didn't spend the money and had it to fall back on when I needed to, was for my children like a savings account especially the gold I expected to cash out at the price I paid not get rich from it 
Moderator said can't talk about other stuff but my last mention on crypto, never did i expect it to go up so much in a year, again wasn't bought to get rich quick was a little savings to fall back on for the kids 
The problem with any investment, especially for someone like me with a non trading background is knowing who to believe I'm sure many have that problem even if knowledgeable, nobody can predict the future 
Thank you for all replies though I'm taking everything on board, I was going to buy shares last year but felt it was too risky as I don't fully understand how it works
I'm presuming we'd all like to be rich but it's not a priority for me I'm happy getting back my initial investment I don't want to lose out and if I make money great but a loss isn't good 
And what's there to spend money on when more lockdowns are on the way at some point not like we'll be going on holidays or driving freely in our new sports cars, carbon tax will take the enjoyment out of that 😉🙈
 
You are so wrong actually, couldn't be further from the truth 
When I bought both gold and crypto it was so I didn't spend the money and had it to fall back on when I needed to, was for my children like a savings account especially the gold I expected to cash out at the price I paid not get rich from it 
Moderator said can't talk about other stuff but my last mention on crypto, never did i expect it to go up so much in a year, again wasn't bought to get rich quick was a little savings to fall back on for the kids 
The problem with any investment, especially for someone like me with a non trading background is knowing who to believe I'm sure many have that problem even if knowledgeable, nobody can predict the future 
Thank you for all replies though I'm taking everything on board, I was going to buy shares last year but felt it was too risky as I don't fully understand how it works
I'm presuming we'd all like to be rich but it's not a priority for me I'm happy getting back my initial investment I don't want to lose out and if I make money great but a loss isn't good 
And what's there to spend money on when more lockdowns are on the way at some point not like we'll be going on holidays or driving freely in our new sports cars, carbon tax will take the enjoyment out of that 😉🙈

You are so wrong actually, couldn't be further from the truth 
When I bought both gold and crypto it was so I didn't spend the money and had it to fall back on when I needed to, was for my children like a savings account especially the gold I expected to cash out at the price I paid not get rich from it 
Moderator said can't talk about other stuff but my last mention on crypto, never did i expect it to go up so much in a year, again wasn't bought to get rich quick was a little savings to fall back on for the kids 
The problem with any investment, especially for someone like me with a non trading background is knowing who to believe I'm sure many have that problem even if knowledgeable, nobody can predict the future 
Thank you for all replies though I'm taking everything on board, I was going to buy shares last year but felt it was too risky as I don't fully understand how it works
I'm presuming we'd all like to be rich but it's not a priority for me I'm happy getting back my initial investment I don't want to lose out and if I make money great but a loss isn't good 
And what's there to spend money on when more lockdowns are on the way at some point not like we'll be going on holidays or driving freely in our new sports cars, carbon tax will take the enjoyment out of that 😉🙈
 
You are so wrong actually, couldn't be further from the truth 
When I bought both gold and crypto it was so I didn't spend the money and had it to fall back on when I needed to, was for my children like a savings account especially the gold I expected to cash out at the price I paid not get rich from it 
Moderator said can't talk about other stuff but my last mention on crypto, never did i expect it to go up so much in a year, again wasn't bought to get rich quick was a little savings to fall back on for the kids 
The problem with any investment, especially for someone like me with a non trading background is knowing who to believe I'm sure many have that problem even if knowledgeable, nobody can predict the future 
Thank you for all replies though I'm taking everything on board, I was going to buy shares last year but felt it was too risky as I don't fully understand how it works
I'm presuming we'd all like to be rich but it's not a priority for me I'm happy getting back my initial investment I don't want to lose out and if I make money great but a loss isn't good 
And what's there to spend money on when more lockdowns are on the way at some point not like we'll be going on holidays or driving freely in our new sports cars, carbon tax will take the enjoyment out of that 😉🙈

You are so wrong actually, couldn't be further from the truth 
When I bought both gold and crypto it was so I didn't spend the money and had it to fall back on when I needed to, was for my children like a savings account especially the gold I expected to cash out at the price I paid not get rich from it 
Moderator said can't talk about other stuff but my last mention on crypto, never did i expect it to go up so much in a year, again wasn't bought to get rich quick was a little savings to fall back on for the kids 
The problem with any investment, especially for someone like me with a non trading background is knowing who to believe I'm sure many have that problem even if knowledgeable, nobody can predict the future 
Thank you for all replies though I'm taking everything on board, I was going to buy shares last year but felt it was too risky as I don't fully understand how it works
I'm presuming we'd all like to be rich but it's not a priority for me I'm happy getting back my initial investment I don't want to lose out and if I make money great but a loss isn't good 
And what's there to spend money on when more lockdowns are on the way at some point not like we'll be going on holidays or driving freely in our new sports cars, carbon tax will take the enjoyment out of that 😉🙈
 
You are so wrong actually, couldn't be further from the truth 
When I bought both gold and crypto it was so I didn't spend the money and had it to fall back on when I needed to, was for my children like a savings account especially the gold I expected to cash out at the price I paid not get rich from it 
Moderator said can't talk about other stuff but my last mention on crypto, never did i expect it to go up so much in a year, again wasn't bought to get rich quick was a little savings to fall back on for the kids 
The problem with any investment, especially for someone like me with a non trading background is knowing who to believe I'm sure many have that problem even if knowledgeable, nobody can predict the future 
Thank you for all replies though I'm taking everything on board, I was going to buy shares last year but felt it was too risky as I don't fully understand how it works
I'm presuming we'd all like to be rich but it's not a priority for me I'm happy getting back my initial investment I don't want to lose out and if I make money great but a loss isn't good 
And what's there to spend money on when more lockdowns are on the way at some point not like we'll be going on holidays or driving freely in our new sports cars, carbon tax will take the enjoyment out of that 😉🙈

Please try to keep this topic on track and start new topics for non PM subjects in the non PM section. There are a lot of members who do not like non PM topics, so it is better that they are all in the non PM section thereby members who wish to engage in them can easily do so, and those who do not can easily avoid  

Thanks for your understand and cooperation 

Personally I wouldn't sell at a loss unless either I needed to have the £ there and then for some sort of financial emergency or I had an opportunity that would make it more than worthwhile to take a loss
Eg if I were to lose £3k on the metal but the same money would go into a deal to make £10k
The problem with trying to time the market you could miss out on the bottom. I prefer buying consistently over time which could be an option in your case if you continued to buy would 'average down' 
Ultimately if you will sleep better with the cash in your bank than the gold that's for you to decide. 
Perhaps a final question does it have to be all or nothing? Could you sell part of the stack? 

If your getting worried about losing x amount in value over a certain period you havent held it long enough. With the cartel supressing the price, expect to hold on the long term. The best way to treat metals is for retirement especially when we live under the fiat-slave-machine.
Drop; the fed/cartel is adding to their balance sheet which they tell the financial markets that the Fed Dollar is stronger than ever. Insider trading and manipulation will short metals, or even drag the futures price up for extra room in larger profits.

The financial 08 crash is a conspiracy theory?

At the end of the day, your best bet will be a balanced portfolio. Every asset has it's role, not all assets will do well at the same time, not all assets will fail. Do not look at the return or loss of a specific asset but think about how you want your portfolio to be structured. If you think you're holding too much gold, then sell, get something else.

We live in an era of “fake news”, social media “trends”, “influencers” etc.
People actively use conspiracy theories to promote political aims, and I suspect influence market behaviour and make money on social media.
When you are researching what to invest in, it really does pay to do a fact check and listen to “influencers”, “YouTubers” and then FACT CHECK.
The WEF story has, on many times been been proven to be rubbish and an urban myth.
https://mobile.reuters.com/article/amp/idUSKBN2AP2T0
If you want to be a good investor, stay away from urban myths, heresay, hype and think for yourself.   It’s harder (much harder) than watching a 23 year old on YouTube but may well make you wealthy.  
 
Best
Dicker

Johny. 
Many people do this for different reasons. A lot of people want security some want options. Try not to focus in on what you want to hear. Is there going to be a crash or a correction? Is there a difference? One is fear talk and the other is opportunity talk. As @dicker said post "correction" they tend to over correct in my opinion and it's a gamble I am willing to take. I have done the same with crypto to as these follow the markets even more so than metals. Many members are very serious about investing and often talk about large port folio's. I am not in that camp. So just work out who you are because if you feel the whole world is going bankrupt then it's probably best to hold. Best to follow your gut I feel and stop it with the YouTube videos.

I'd be more worried about Cryptos than Gold . They seem the ultimate bubble  . I read that over 20% of cryptos are bought with debt,  mostly by young people who see massive returns. So more people are taking on more debt because prices keep rising because of purchases made with .... debt. Seems the perfect Ponzi .