Who will want to buy gold if it is priced at multiple thousands of dollars per ounce? My whole concern with gold is that if it goes up at a moderate pace, to a moderate level, then it can be a good investment. But if the price rises above a certain level, who would continue to buy it? I'm thinking that big banks are buying gold now not for the long haul, but for the short term (months to no more than a couple years), after which they will dump it at a huge profit, causing the price to drop, so that all the "little guys" with gold, will be left behind.
Who will want to buy gold if it is priced at multiple thousands of dollars per ounce? My whole concern with gold is that if it goes up at a moderate pace, to a moderate level, then it can be a good investment. But if the price rises above a certain level, who would continue to buy it? I'm thinking that big banks are buying gold now not for the long haul, but for the short term (months to no more than a couple years), after which they will dump it at a huge profit, causing the price to drop, so that all the "little guys" with gold, will be left behind.