A few days ago, people were eager about #gold due to the huge increase that happened.
And many said:
Unfortunately, gold has risen sharply. We wish we had bought.
Dear, the one I used to chat with in private and comment to me, look, gold has dropped from its previous peak a few days ago.
Do you want to buy? Or are you waiting for it to rise and make a new peak and ask the same question?
The investor does not treat gold as a digital currency. Gold is not traded. One does not speculate on gold.
(Essential) (Essential) (Essential) Understand the principle of investment. An investor buys with a goal in mind, not just random purchases. The time period should not be less than 5 years.
You sell gold in one of these cases:
- Buying a house
- Buying a piece of land
- Opening a project or participating in a (successful) project
- Emergency cases related to health (may God protect you)
Other than these reasons (personally), I do not sell gold.
For me, I buy (gradual purchase) with every drop. My goal is to buy back the (1 kilo) that I sold a few days ago and benefited from it in reality.
Did I buy during this period?
Yes. I have bought two meals so far with the drop that happened. I intend to buy if the price corrects again. And if the price rises, I will also buy.