The stock market is what is being promoted right now because they want to keep it going up so they can bail out and screw the little guy.
If the economy truly tanked and gold became worth 10s of thousands an ounce, who would buy it for that high price?
If the price of gold was $20,000, that means there is someone buying it for that price. Otherwise the price would go down until there were willing buyers.
Remember, the price of something shows you what people ARE willing to pay. Otherwise the price would change.
Yes, I was trying to say that gold could reach some ridiculous price, but at some point, people would no longer buy, unless the price came down significantly, and then people would see the price going down, so they would sell (assuming they bought when it was low), further driving the price down, and so on.
Gold is historically cheap right now.
The stock market is what is being promoted right now because they want to keep it going up so they can bail out and screw the little guy.
If the price of gold was $20,000, that means there is someone buying it for that price. Otherwise the price would go down until there were willing buyers.
Remember, the price of something shows you what people ARE willing to pay. Otherwise the price would change.
Yes, I was trying to say that gold could reach some ridiculous price, but at some point, people would no longer buy, unless the price came down significantly, and then people would see the price going down, so they would sell (assuming they bought when it was low), further driving the price down, and so on.