⚠️ The young people who rushed in at the highs probably have their faith shattered!

Gold price has fallen below $4000, with a 29% decline over 5 months, already surpassing the full-year decline of the 2013 gold massacre.
This is the first death cross since September 2023, and it is estimated that 298 tons of ETF holdings are trapped underwater.
After the 2013 gold crash, it took 8 years to return to the starting point. I don't know how many people are trapped this time, but I know many people around me who bought gold at the highs.
But this is the fate of some retail investors, I suppose——
When it rose to 600/gram, they were skeptical; at 800/gram, a bit tempted; at 1000/gram, they bought a small amount; at 1100/gram, they increased positions heavily and chased in. At 1200/gram, they were celebrating.
And now it's not even 900/gram, and after a couple of swings they can't take it anymore, and they start thinking:
If only I had bought stocks instead, preferably semiconductor memory stocks, like SK Hynix and Micron, which keep hitting new highs and are the best performers.
All sorts of survivor bias, loss aversion, and the illusion that bottom-fishing and top-selling are easy.
In reality, for most retail investors, the more wealth they have, the lower their entropy, and the greater the force they bear from entropy increase in the short term;
Without sufficient ability to withstand volatility, they simply cannot hold onto wealth in the long run!