Right on! And that's what Tolkien's poem tries to say.

All that is gold does not glitter,

Not all those who wander are lost;

The old that is strong does not wither,

Deep roots are not reached by the frost.

 

From the ashes a fire shall be woken,

A light from the shadows shall spring;

Renewed shall be blade that was broken,

The crownless again shall be king.

 

    - J.R.R. Tolkien, The Fellowship of the Ring