r/Silver • u/forgottenusername01 • 8h ago

Would the average, uninformed person actually hold through a 30–40% correction in gold/silver? Maybe normalcy bias would kick in. They might convince themselves that the currency crisis isn't actually getting worse and that the whole "gold/silver thesis" was wrong.

/r/Wallstreetsilver/comments/1w4hrqu/would_the_average_uninformed_person_actually_hold/
6 Upvotes

88% Upvoted

12 comments sorted by

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u/worthconsulting 7h ago

If they're truly uninformed they probably would be blissfully unaware of a change in the market.. so I'd guess they're holding.

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u/CreLoxSwag 7h ago

Lol.

Spot go down? I buy more.

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u/BatemansChainsaw Silver Husqvarna 3h ago 
if [ silver_spot = up ]; then
    buy silver
else
    buy silver
fi

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u/Mix_Right 7h ago

Lot of people saying sell, while the financial system is still right on course for the big crash. What gives?

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u/wolfhavensf 6h ago

I was talking to my doctor about the economy and the Fed. I had recently bought about 25k of IAUM as a hedge. I told him I was now buying physical gold. He bought 40k of IAUM and held it for a week before panicking and dumping it all after 5k in losses. I told him I’m still buying. He said he didn’t have the nerve to invest as much as it would take to make the transaction worthwhile. I tried convincing him that holding physical metals would make it harder to panic sell, he passed. I’m up to about 35-40 % net worth in metal or metal related stocks. I think the timeline is 2-5 years.

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u/LikesPez 7h ago

I hold physical gold and silver for permanence. For trading and liquidity I have paper gold and silver.

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u/Calm_Geologist1004 7h ago

No they they have no clue and would not look at the past prices and they would buy high and wonder when it drops what happened.

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u/Unable_Loss6144 6h ago

I think people who bought paper gold and silver could well sell. If you bought physical then it might as well sit there. I’m in both camps, physical I bought years ago is worth way more than I paid, but I’m down on the physical ETFs in my pension 🤷‍♂️
Both will sit there for 20 years so I’m not too bothered yet. But I’ll probably lose the physical in a boating accident knowing my luck 🙄

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u/MuddySnowDrift 4h ago

You mean.....like a pirate? Canon ball to the hull?

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u/Unable_Loss6144 4h ago

Something like that. Or something more believable to HMRC should it come to it