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Dr.Who

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19/07/16

16:52

Post #: 18309170
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Originally posted by riverred ↑

Yes, the unknown can trigger a high level of anxiety. And the BDR longs know that only too well. I admire atomic for his unwavering nerves of steel and his virtuous refusal to succumb to the temptation of locking in relatively good capital gains.

Unlike atomic, I have succumbed and locked in a number of 30+% cap gains. It was a choice between feeling like I'm finally in the process of becoming cash rich or remaining BDR asset rich; both alternatives considered in the context of not knowing what the future would bring at those points of decision-making. So, no regrets, only the continuing desire for more, like any other mere mortal.

In moments of doubt about BDR, I find it helpful for steadying my nerves to remember all its positives, which when regularly weighed against its negatives still result in a net positive position. Rather like a P&L statement of costs-benefits.

Also important to remember that there is no such thing as the perfect gold miner out there. Each one comes with its own list of good and not so good. Similarly, there is no such thing as the perfect investment vehicle, whether cash, shares, property or bullion. Risk is everywhere.

For me, fighting the self-doubt is half the battle. The other half of the battle is probably seeing through the manipulation and games.

All the best wombat53. We are getting close.

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A great post riverred. Thanks for sharing plenty of wise words in there.

BDR Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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Gold price, page-3630

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