The golden mirage: 4,000 years of misunderstanding gold
Gold’s allure for wealthy pessimists and anxious central bankers stems from its detachment from the wider economy. When crises hit and bank accounts falter, gold is seen as a lasting refuge.
However, this perception carries risks. What seems like security may actually be a trap. In myth and literature, those who hoard gold often face severe consequences that serve as cautionary tales.
Source: https://www.ft.com/content/16d13b98-b1e7-4454-87c9-6f9060723f58
