Regal Assets Banner Gold Investing Myth # 2| Gold IRAs 101

MYTH #2

Gold is just like any other commodity including Crude Oil, Corn, Soybeans, etc

Yep...kind of true.  Gold is a commodity like the above mentioned but that's where all similarities come to a halt.  You see most commodities are for consumption by people or animals.  Precious metals , like gold, are accumulated and saved to build wealth.  Gold holds monetary value and can be used to buy other commodities if and when needed.  You can't take a quart of oil or a pound of corn seed into the store and buy groceries with it, not in the 21st Century in America.

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 Myth # 3