Biggest myth about gold

Investing in gold has always been an alternative and at the same time conservative type of investment, which is not created for mass use, but is intended for people with a skeptical view of the development of the world economy. Therefore, gold is periodically sharply criticized in the information space: someone doesn’t perceive gold as an investment, someone doesn’t have knowledge about gold as an asset.

To be clear, we’ve compiled the 5 biggest myths about gold 🤓

Myth 1️⃣: Gold is not a volatile asset
The price of gold can be volatile in the short term (especially during periods of high inflation), but still its role is to store value: gold dampens currency fluctuations and economic market volatility.

Myth 2️⃣: Gold is only for wealthy investors
Investing in physical gold doesn’t require a lot of money. You can start with 50g gold bars or 1/10 oz coins.

Myth 3️⃣: Investing in physical gold is obsolete
There are alternative ways to invest in the precious metal, such as ETFs, gold futures, or mining stocks. But for this you will need specific knowledge, as they are influenced by many external factors.

Myth 4️⃣: Gold doesn’t pay dividends
Yes, gold doesn’t bring regular income like stocks or deposits, but for example, in 2022, the return of gold exceeded that of the S&P 500.

Myth 5️⃣: Gold is hard to buy and hard to sell
There are many places to buy and sell gold, including online, read our post “Where to buy gold” and come to Mynteq 😉