MYTH-10. INVESTING IN GOLD ALWAYS PAYS OFF
·
Buying gold is actually a way of
going long on the fear factor.
·
What you are really betting on is that people will keep becoming more afraid than they are now.
·
If they
become more afraid, you make money.
· And if they become less afraid you lose money.
· But gold itself doesn’t produce anything.
·
What motivates
most gold purchasers is their belief that the ranks of the fearful will grow.
·
As ‘bandwagon’
investors join any party, they create their own truth out of myth – for a while.
·
It’s a lot better
to have a goose that keeps laying eggs than a goose that just sits there and occupies space.