And As If That Wasn't Enough

I took a $4,000 hit in the market last week! Almost all of it in my gold (precious metals) fund. I mean, how much lower can gold go! It is gold for god's sake, the standard! These funds are still worth almost three times what I paid for them a few years ago ($9 vs, $27) but they have been in a downward spiral for several months. They used to be worth eight times what I paid (peaked out at $78)! I keep waiting for them to rebound, thinking it would be silly to sell when everyone else is buying and yes, someone on here advised me to sell back then. As I do with most advice, I ignored it. I did take my advisor's advice a few months ago and moved about 25% of my gold into something more stable. I just wish I had of moved more. But then if I had, gold would have gone up and I would have been kicking myself in the butt with the other foot!

Joe Btfsplk, the world's unluckiest man (from Li'l Abner cartoons).

I talked to a friend in Alberta yesterday who had the same feeling, saying gold has to recover and when it does it could go to $2,000 per ounce. Oh Happy Days!