Titanium Magnetic Bracelet A health product or a myth

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Magnetic therapy has its origin back hundred years ago. Is widely use to cure ailments such as athritis, stiff joint, imsomnia etc. this is what most of the sellers of magnetic product says... Are they telling the truth or its just a myth... any comment from expert out there... Have try buying one. miriculaously it works for my imsomnia have get peacefull sleep after i try on one magnetic bracelet.. do not know whether it really works or its just phycological..