People believe a lot of things that simply aren't true.

In this episode of the Midweek Memo podcast, host Mike Maharrey engages in some myth- busting. He exposes the fallacies in six myths that many people believe about the precious metals and the economy.

Here are the myths Mike busts.

1. Silver has underperformed. 2. Tariffs can pay for government, and Trump can end the income tax. 3. Owning a gold-backed ETF is "the same" as owning physical gold. 4. Monetary policy is currently tight. 5. Gold is the best-performing precious metal this year. 6. Gold jewelry is a good investment (in the U.S.).