20 Investing Myths You Need to Stop Believing

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12. Gold Is the Best Investment

Despite the commercials touting the benefits of gold, opinions about its benefits as an investment vary. Gold is currently trading at about $1,200 an ounce and is down roughly 7 percent in 2018, but the metal is still off its all-time high of $1,916 an ounce, set in August 2011. Gold can be a decent hedge. However, investing directly in the metal carries additional costs, like storage.

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