|
The most
important aspect of life is comfort with one’s decisions. We are all
subject to nuances, vagaries, and uncertainties, but no one can regret things
outside their control. Conversely, “unknown unknowns” are beyond
our ability to foresee.
In the
past decade, we have witnessed the END of free financial markets, in real
time. In this treacherous environment, being “right”
is not enough, and luck is a scarce resource. And one shouldn’t trust anything
to luck, as too much is at stake, both financially and personally.
Thus, shame on ANYONE losing money in stocks, bonds, real estate, or any
asset class in a KNOWN bear – or RIGGED – market.
From 2003
to 2007, I made more money in mining stocks than over an entire career
of 80-hour work weeks. Thus, when the losses piled up thereafter, I convinced
myself it was “house money” – and, of course, that the fundamentals
of rising PM prices would eventually win out. I erroneously assumed free
markets would return, and thankfully sold some stocks to buy my house in
May 2007. Lest, my savings would have been lost – and with them, my SANITY.
In this case luck won the day, and my wife’s compromise of moving to
Denver (in return for me agreeing to buy a house) was the best decision of
her life. But make no mistake, it could have easily gone the other way
– and if it did, I wouldn’t be writing today.
EVERYONE
has “investment regrets” over the past five years, but some worse
than others – particularly those that forsook logic and intuition
due to stupidity and greed. In my case, it took longer than I
imagined to realize PM miners were tainted by naked
shorting and capital strangulation (care of the U.S. government
and Canadian investment banks), despite being correct in my assertion gold
and silver prices would rise. I desperately wanted to “make it
work” in this cursed sector – both investment-wise and
professionally – but made the hard decision to cut my losses, like a
drug addict kicking the habit. In the big picture, I wish I had done better,
but KNOW I made the right decision – and consequently, sleep like a
baby each night.
My
personal experience relates to shifting from mining stocks to PHYSICAL
bullion, but everyone has their own story. Unfortunately, most fall
prey to sirens luring them to excessive, and often catastrophic,
losses, in the same manner slot machines destroy gamblers. Frankly – as
I write on the flight home from Las Vegas – the odds of “beating
the house” appear to now be even with – or perhaps, superior
to – “beating” rigged financial markets.
Before
selling my remaining stocks last summer, the night entailed a repeating torture
of nightmare and regret. Dreams release our repressed feelings, so make no
mistake – if ye have sinned, ye will repent. Each night, my life passed
before my eyes, and each morning the past eight hours’ pain was fresh
on my mind. It’s hard to believe my life was so agonizing, so recently
– but that was then, and this is now. Currently, I sleep
with a peace not realized since childhood, as I KNOW my family is protected,
and KNOW my decisions – some of them extremely difficult –
were wise and true.
In all
aspects of life, I wish you the strength to “choose wisely,”
recognizing the coming FINANCIAL ARMAGEDDON will make such decisions trying.
The light at the end of the tunnel awaits, but only
for those with courage to recognize the grim reality, and fortitude
to act accordingly, no matter how difficult the choices may seem. Peace of
mind - and blissful “SLEEP OF THE JUST” – will reward your
efforts, to SAVE YOUR LIFE.
PROTECT
YOURSELF, and do it NOW!
|
|