I have a friend who made 200k last year investing in gold, but in the past day or two they've had an unrealized loss of 150k.

On Monday when the market opens, there will likely be a gap down, and the 200k gains might be completely wiped out. What should my friend do when the market opens on Monday?

Of course, that person isn't me......

---

**Regarding the situation:** This is a challenging position. Here are some considerations:

1. **Assess the fundamentals** - Has the underlying reason for the gold investment changed? Or is this just short-term volatility?

2. **Avoid panic selling** - Selling at the bottom locks in losses. If the investment thesis remains sound, holding might be preferable.

3. **Risk management** - If they can't afford a total loss or it's affecting their mental health, scaling out partially could be reasonable.

4. **Dollar-cost perspective** - They're still up ~25k on the original investment if a 150k loss occurs.

5. **Professional advice** - Consider consulting a financial advisor who understands their full situation, risk tolerance, and time horizon.

The worst time to make investment decisions is during extreme market stress. If possible, waiting for clarity before Monday's open might be wise.