I was on an business trip in China, and over the past few days, I’ve received a steady stream of messages from clients asking the same thing: “Ivan, should I add more gold (or silver) now?” To put things into context, many of them already have a profitable gold position in their portfolio — they’re not starting from zero. But what caught my attention was this: gold has become a dinner-table topic in China. Even our tour guide brought it up. I can totally understand why. Gold prices rallied aggressively in the past weeks, and everywhere you look, the fear of missing out (FOMO) is real. But here’s the honest investor truth: when an asset becomes a national conversation topic, it usually means two things:

1. The trend is strong, and
2. Emotions are starting to overpower logic.

And that’s where normal investors get hurt. The same pattern repeated during the Oct 2025 Gold crash....