I just don't believe all the hype about gold being a great place to park money right now. The price of gold has been at a plateau for the past 3 years, with ups and downs, but it just doesn't look like there is the big climb the gold sellers are trying to tell potential customers. If gold was such a great buy, wouldn't they put all their resources into buying it for themselves, rather than selling it to others?
Any thoughts on gold are appreciated.
If there is a huge price climb, that will cause a big increase in the supply when people cash out. It happened with silver in the 80s.
If gold did gain massive amounts of purchasing power, that would be a huge handout to the elites. We don't want that and I'm sure the WH don't either.
The WH could release their reserves. "we have the gold." Or we could find gold on an asteroid. The diamond market is manipulated up, gold may be too.
The dealers need to move metals in order to acquire it for themselves. Say they buy 100 oz from the market and sell 98 oz.
Perhaps a reasonable precious metal position would be 2-20% of your net worth.