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overtheedge
Member since May 2012
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has posted a comment on the article :

The One Personality Trait that All Gold & Silver Investors Need to be Profitable

- JS KIM - Smart Knowledge U

There are investors and there are gamblers.

The investor is in for the long term; years, decades or perhaps generations. They buy because they see long-term value. Many buy whenever discretionary monies become available and don't worry whether the price is rising or falling. Some use cost averaging, others use total weight and some just accumulate with no metrics applied.

Mr Kim suggests new investors learn patience before one buys into the PM market due to the market's induced volatility.
Of course the same required virtues apply to stocks. I remember several stock market crashes.

Then there are the gamblers. They always are on the look-out for the hot tip, the quick buck, so they can get in and get out fast.
They blame others for their own failure. They lack what Mr Kim suggests as the required personality trait of patience.
Might I suggest listening closely to Kenny Rogers' "The Gambler".

I too agree with vox. I didn't think the article rated 5 stars.
The article was overly long. 3200+ words was 2-3X longer than was necessary. Perhaps the length was needed for those who are a bit slow to understand. I gave it 4 stars. Thank you Mr. Kim and 24hGold. A refresher course may seem a bit tedious, but it is often needed.

Commented 3925 days ago

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Beginning of the headline :Before one every buys a single troy ounce of gold and silver, one should ensure first and foremost that one understands that gold and silver are volatile in price every single year. Many people commit the same mistake in buying gold and silver that they commit when buying into the stock market – they don’t buy assets when asset prices are low, and only buy them after prices have soared and news of a steep short-term climb in price has been reported by the mainstream media news... Read More

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