If everyone buy something (anything), certainly the price will go up. Problem is, why would ppl want to buy gold? This is just like our banking system, if everyone go and take out their money, our banking system will collapse and this is not secret, everyone knows. Question is, why would everyone want to take out their money?
If we have no confident for gold to resume back their traditional role as "money", then gold will never be money again. Not much about economy, is more about philosophy. Scarcity alone do not define its value, scarcity with demand define its value.
CAI Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
(20min delay)
