It is hard to explain why it’s so important to own physical gold in today’s context and why the spot price doesn’t matter that much in determining the real value of gold, without being aware of certain key elements moving the gold market.
And it is of the utmost importance to understand some of those elements, if one is to be able to support a seemingly discouraging volatility.
We will try to explain the situation by making an historical parallel with the Titanic shipwreck: