Gold Prices Plummet, Yet Major Investor Enjoys Over $4 Million in Profit

Gold prices continue to decline, with today's (28th) rate at NT$13,500 per tael, marking a new one-week low. A major investor stated that although his account lost NT$2.72 million, he considers, "If I didn’t sell, how is that a loss? I still have over NT$40 million in profit."
This investor purchased around 15 kilograms of gold 20 years ago for NT$6 to 7 million and has held onto it ever since. Although gold prices once soared to NT$14,180 per tael, prompting him to consider selling, he ultimately chose to hold. He remarked, "Not selling any, let the miracles keep coming." Based on the earlier high, his unrealized gains peaked at NT$56.71 million. However, with the recent fluctuation in gold prices, it has dropped to approximately NT$53.99 million today, still maintaining a healthy margin above NT$50 million.
Silver shop operators noted that for this investor, not selling means no realized loss, and compared to his initial investment, he still profits over NT$40 million. Although gold prices keep declining, the past year's price increase is remarkable. At the beginning of last year, gold prices were just above NT$8,000, now exceeding NT$14,000 within just over a year.