Gold, page-3365

Sure markets always correct whatever the asset class. It's a matter of time. If one gets in too early then they will be wrong for a long time. This has happened to gold investors depending upon entry and there isn't any signs of reversal. Same goes for the stock market. Personally, timing is the difference between profitable and loss making. Draw down if one is trying to look at half full glass but it remains a loss. Having to wait for that patient time factor of wiping that loss has many psychological dillemas.

Let's say the gold investor who started coming in late from 2010 buying with a long term view. Assuming we have another bad 2016 effectively 6 years of draw down on the gold position. If 2017 is the reversal year for gold and it rallies slowly up, will those original investors stuck for at least 7+ years long uncomfortable drawdown years be contented to get out break even at the first opportunity or continue to look long term?