MYTH-52. GOLD IS TOTALLY SAFE

1. Gold is not safe – government debt is.

2. Gold only appears safe because it is compared to equities.

3. The historical volatility of gold prices is around 20% compared to 40% for equities.

4. That means there is 30% chance that gold prices will go up or down by more than 20% in a given year, which is not safe by any means.