Human psychology - I always buy Gold and Silver in the dips, I hold while they are in an up trend and I don't sell until the blow off tops. Most people I know buy when the metals are topping, sell when they are down 5% and never hold for the big win. Why do you guys think people act this way? I've always listened to this quote in the back of my mind "buy when there's blood in the streets" or this one "buy low sell high" or this one "be patient, have diamond hands - if you've invested in something you did it for fundamentals - so just wait until your hypothesis plays out" If everyone invested this way nobody would lose their ass and the big boys would take all your wealth.
People have weak hands because they do the action of buying without knowing why besides wanting it to go up .. but if they can’t answer why? Then there’s nothing holding them attached to any conviction & you need that to invest anyways
97% equities worse than 2021. So let’s going to stop the bullshit. Nov 2021 my portfolio: 287k ( 57 spot) Now 24 April 2024: 219k ( 89 spot) and much much more inflation. Let’s pretend we are great
Yes if you bought gold/silver miners back then you probably haven’t even broke even or still in loss - uranium n oil n gas has done ok but overall the hype seems quite asymmetrical compared to the returns speculated…To be seen if miners catch up to the physical PMs price moves…
@@paulsteen7641 If you are in the space you have to know that most of these guys talk BS. Pumped gold shares like Wallbridge, Integra, Liberty Gold, Marathon (now gone), Argonaut - all down 70% +, and the pumpers have forgotten these beauties (ie. sold while pumping) and are now pumping new probably equally useless gold beauties. That's the sector - caveat emptor....
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Human psychology - I always buy Gold and Silver in the dips, I hold while they are in an up trend and I don't sell until the blow off tops. Most people I know buy when the metals are topping, sell when they are down 5% and never hold for the big win. Why do you guys think people act this way? I've always listened to this quote in the back of my mind "buy when there's blood in the streets" or this one "buy low sell high" or this one "be patient, have diamond hands - if you've invested in something you did it for fundamentals - so just wait until your hypothesis plays out" If everyone invested this way nobody would lose their ass and the big boys would take all your wealth.
Whether you buy highs or lows it doesn’t matter as long as the value is still holding
People have weak hands because they do the action of buying without knowing why besides wanting it to go up .. but if they can’t answer why? Then there’s nothing holding them attached to any conviction & you need that to invest anyways
Wow! How do you know not to catch a falling knife or when the top is reached--Warren really wants to know ?
Love hearing from someone from Sprott, I'm very interested in their etfs.
What companies in the west are processing the uranium???
Orano, Westinghouse, ASP Isotopes
Westinghouse is owned by Cameco BTW
97% equities worse than 2021.
So let’s going to stop the bullshit.
Nov 2021 my portfolio: 287k ( 57 spot)
Now 24 April 2024: 219k ( 89 spot) and much much more inflation.
Let’s pretend we are great
Yes if you bought gold/silver miners back then you probably haven’t even broke even or still in loss - uranium n oil n gas has done ok but overall the hype seems quite asymmetrical compared to the returns speculated…To be seen if miners catch up to the physical PMs price moves…
@@paulsteen7641 If you are in the space you have to know that most of these guys talk BS. Pumped gold shares like Wallbridge, Integra, Liberty Gold, Marathon (now gone), Argonaut - all down 70% +, and the pumpers have forgotten these beauties (ie. sold while pumping) and are now pumping new probably equally useless gold beauties.
That's the sector - caveat emptor....
Silver Institute needs to explain the 2024 survey numbers. Their math is in grave error Down in Demand!
Thank you Jesse::John Ciampaglia is an amazing commodity market (Base and Precious metals)teacher¡¡Sprott has a long market's know-how too ¡¡Best...
I agree, the amount of knowledge he shared here was very impressive.
Great interview
Thanks for watching.
👨🏽💻👍🏽
Excellent interview! Thanks.
Glad you enjoyed it!