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 ?
 

Thank you everyone for your honest replies, yes it was the Robert guy saying it and funnily enough he's selling a book so maybe that's why he's saying about the crash
As for the great reset and world economic forum being a conspiracy it's outlined in their plans that we will own nothing it's their actual motto so I don't feel it's a conspiracy but I don't want to turn this in to a debate as neither of us can be certain but that and Kyosaki has got me thinking there's a chance of a crash coming 😎
My plan has always been to hold on to it like I have with my bitcoin I also got last year, ideally I'd like to buy more crypto for trading with and making profits but it's so volatile and I'm not sure I'd do it right so 'hodling' is what I'm doing with that but I thought if gold is going to crash then I'd sell now and buy back in at a good price
I am in fear of losing my money yes and getting rich from the gold isn't a priority, it isn't something that happens over night with gold and as I only have a small amount anyway I won't see much profit on it even when the price does go up
I may do what Bigmarc has done and sell 50% it's only a small amount but at least iv got almost half back in cash what I paid.
Dicker yes iv been thinking of using some money to buy shares but again I need to educate myself further before doing this 
 
 
 
 
 
 
 
 
 

In a crash people will panic and sell their gold holdings to cover losses . So the price will fall for a short time and this is a opportunity to buy. 

Just to add that buying seriously high quality companies that pay Dividends is a time proven strategy to build wealth.   For example (and this is NOT a recommendation):
AstraZeneca
Royal Dutch Shell
Alphabet
Apple
Tesco
 
Best
Dicker

As with the above comments..(Hold) pm's are not a get rich quick scheme
Regards.

It's a gamble, I've liquidated 50% of what I hold and am sitting on the cash waiting for "something" to happen and to be honest, my ar*e is twitching daily. I don't follow conspiracy just trying to make the best with what I have got based upon everything but YouTube. 

I do not know Klaus Analschwaab, but I doubt anyone will be able to crash gold. It feels somewhat humorous to think about crashing an asset with intrinsic value as opposed to fiat currency, especially in a time of currency bubbles.
What I do see is that you bought gold near to an all time high (spookily close to the all time high unless you bought at a massive premium). That is somewhat unlucky, I admit. I can understand your thoughts if it's a loss you're fearing or profit you're seeking, as gold is a volatile asset. It needs some nerves, but I would think holding it for ten years will give you a better perspective. Also I'm not sure how holding  currency in a "bankrupt us all" scenario will help you better than holding gold. Gold is for wealth preservation - when everything else fails, your currency may melt away, while ten ounces of gold will be ten ounce of gold.
To the question, I think gold will rise with the coming inflation, and more or less hold it's wealth compared to consumer goods. Not day by day, but when averaging over a couple of years.

You made the wrong choice buying bars instead of coins, but now you have them i see no point at all in selling them for a loss.  I wouldn't take much notice of people like Robert Kiyosaki ( i'm guessing this is who you mean ? ) , he has been predicting this sort of thing for years.  Trying to second guess the markets is daft, as long as you're diversified you will be fine long term. 

Hi Johny,
Just my thoughts and of course everyone is different in their outlook and thoughts.
(1) I buy to hold - pretty much most things (including metals) are bought for the long term i.e. to keep for 10+ years.  
(2) Personally, I don't subscribe to conspiracy theories around bankrupting everyone deliberately.  Having worked in Investment Banking for 20+ years, I can confidently tell you that they are very much less organised and planed than you would ever believe, I understand the same is true for most governments who they advise.
(3) Markets go up and down and it is hard to predict what they will do - its a gamble.  I assume you are talking about Robert Kiyosaki who has been pumping out PR about market crashes.  I haven't looked to see if he is promoting a new book or product, but do remember that this 'wizard' has had a couple of companies go bankrupt under his ownership.  He now specialises in telling people how to make money......as his career. 
(4) I think everyone really needs to do their own education and research around investment decisions.  The same research department / commentators can (and often do) predict a bull and bear market in the same WEEK!  People on social media etc often have an agenda - I ignore this and look at broad market fundamentals
Best
Dicker

Big announcements in USA nation's debt now more than entire GDP of country, stocks hit and precious metals to. Headlines like this always cause turbulence. If you can't handle volitlity don't buy any silver lol