Here are some fallacies I have discarded in my investment journey;
Gold is money
Gold is manipulated
Physical gold is not the same as paper gold prices.
Feds or other CB is capping gold price
Shorters are capping gold price
Market crash is good for gold price
Gold moving from West to East.
Gold is a necessary commodity.
5000 years of gold as ultimate money usage proves it is real money
There are plenty more in the making I am sure.
What I believe gold is;
An asset class that can be in a portfolio for diversification
Besides that vehicle of diversification, it does not serves much purpose beside the high tech industry usage of a good conductor of electrons and eye candy. Crucify me if you think I am an idiot with my simplistic view of a complex metal.
Gold, page-3393
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