Every day I thought, “If only I had bought it yesterday, I would have been OK.” But I had a twofold problem. First, here was one of the greatest price moves in the history of commodities, and I was missing it. Second, the cash I had in the bank was steadily losing value because of the inflationary environment. I felt really horrible about the situation. I finally ended up buying gold on the exact day it made its high. I bought fifty contracts. The next day, the market opened $150 lower. I was out $750,000, but I was so relieved that the torture was finally over that I couldn’t have cared less
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