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The more I look at the current gold chart the more I think about this being the local top
For this reason I sold a relevant stack of my physical long term holdings in order to buy a house
I accumulated all of my physical gold between 1k and 1.5k € and sold above 4k €
Still holding onto most of my silver but also sold 20% at 100 € to get back my initial investment
In the long run, I believe silver has better chances than gold due to high demand in future technologies
In my opinion, both could decline in the short to medium term. However, looking at monetary policy, I continue to anticipate rising prices over the long term
Making this decision was not easy for me, as precious metals constitute a significant security reserve for me
Yet, I believe owning my own home complete with my dream plot of land is an equally excellent form of security
Should gold experience a significant decline (30%–60%), I will certainly buy back in
What do you think? What are your short- and long-term views regarding precious metals?
$XAU $XAG #gold #silver