⚠️ The young people who rushed in at the high points probably have shattered hearts!

Gold prices have fallen below $4,000, a drop of 29% in five months, surpassing the total drop for the entire year of the 2013 gold massacre.

This is the first death cross since September 2023, with an estimated 298 tons of ETF holdings trapped underwater.

After the gold crash in 2013, it took 8 years to return to the starting point; this time, who knows how many people got trapped. I know quite a few around me who bought gold at high points.

But this is the fate of some retail investors, right—

When it rose to 600 per gram, they were skeptical; at 800 per gram, they were a bit tempted; at 1,000 per gram, they made small purchases, and at 1,100 per gram, they heavily increased their positions chasing in. They were celebrating at 1,200 per gram.

And now it’s less than 900 per gram, just a couple of fluctuations and they can’t take it anymore, thinking:

If only I had bought stocks back then, especially semiconductor storage stocks, preferably the best-performing stocks like SK Hynix and Micron that hit new highs every day.

All kinds of survivor bias, various loss aversions, and the misconception that bottom fishing and escaping peaks are simple.

In fact, for most retail investors, the more wealth they have, the lower the entropy; the greater the force they experience in the short term to withstand entropy increase;

Without enough capacity to withstand volatility, they simply cannot preserve wealth in the long term!

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