MYTH # 3
Gold stocks are better than owning physical gold
Look at Myth # 1...if you own gold stocks, you own shares of a company not the physical gold, simple but worth considering. That company's stock is not measured on the current gold spot price but on how that company manages their financial assets and their ability to turn a profit.
You are at the wim of the senior leadership in that particular company. It could very well be that the spot price of physical gold is rising but your gold stock is plummeting because Wall Street says that the company can't turn a profit as projected and isn't deemed worthy of investing in....happens EVERY DAY on Wall Street with ALL public companies.
Company stock ownership can be a worthy investment.....but it doesn't replace physical gold...no how, no way.