Well, if you had asked me that question in 2000 (when gold was trading around $300/ounce) I would have told you that, had you bought your gold in 1980 (when gold was trading at $800/ounce), you'd have eaten about a 60% loss:
Yes, if you held on until now, you'd be very happy, but who has the balls or financial flexibility to weather that kind of loss without jumping ship unless it's just gambling money they're willing to walk away from?
I don't get that kind of thinking. The only money I invest is money I don't need for anything else, so I don't expect to see it for a very long time. If you lose that much, who cares at that point? You might as well hold on to it and see what happens. It can't really get any worse.
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