I think all this talk about gold reaching 5k or 50k is completely ridiculous as there's no gold shortage and the whole world is not buying gold lately. In fact, gold volume seems to be down lately: https://www.cmegroup.com/markets/metals/precious/gold.volume.html . So if volume is down and there is no shortage then what could be happening? Well, the national bank(er)s own most of the gold, so they are the ones with the power to drive up the price. Maybe that's what's happening here.

Most gold is used as a reserve currency or for jewelry, so if the price shoots way up there is not tons of pressure for people to buy tons of gold. Volume and price work inversely, so as the price reaches levels that are higher than recent historical highs, people will stop buying. The sellers will have to lower their prices, etc. There isn't tons of short interest and there is no shortage. This isn't GME. If you buy gold you may not make anything, or you may even lose money.

This is not financial advice, just my random thoughts.

EDIT: In fact, looking at the chart above I'm a bit bewildered and want to say a bit more here. The prices of things tend to fluctuate within a particular high/low range, and I do not see ANYTHING in that chart that makes me think gold is skyrocketing. I see a recent gradual climb over 2 weeks, from $1790 to $1890. The chart is zoomed in so it looks like it's going to the moon. What else am I missing here? Again, not financial advise, just an observation.