From a statistical probability perspective, a gold price drop of this magnitude only occurs once in hundreds of thousands of years. However, it's important to know that since the 1970s, such single-day low-probability drops of over 6% have happened more than 20 times, so it's not a "safe asset."

The experience of holding gold is not good; it often capitalizes on panic and greed. Because gold doesn't have intrinsic cash flow like a business, its value comes from "faith" and a "consensus of fear."

Why, when you really need so-called safety, does gold fail to provide it? Below is a comprehensive assessment to evaluate whether you are suitable for investing in gold.