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After this wave of surge in precious metals, the market has started to hype up various grand narratives—order restructuring, the end of currency, the century turning point. These claims do sound quite eye-catching.
But honestly, every late stage of a market cycle is accompanied by such lofty narratives. No one pays attention at the beginning, but once it reaches this stage, suddenly they appear.
What truly determines whether you can make money is never these grand stories, but a simple yet brutal fact—the step at which you enter the market.
Being early or late makes more than just a difference in returns; it affects the rhythm of the entire cycle.