Arraya – Yes, thanks. I am trying to understand this and true that w/facing inflation in the future and depreciating the dollar, we are heading for difficult economic times. I guess I’m just trying to figure out who would have the wherewithall to buy the gold in the future.
As I said, let’s say those who bought years ago or even today see gold increase in value in the future. There still has to be a demand of someone willing to pay over 1k for the gold. And if we experience such difficult economic times, who is going to buy for that price?
I don’t mean to be dense. I’m sure there’s people out there w/money. But if one were to buy gold to hedge against inflation, then I’m not comprehending how that works. It seems to me that people won’t be in the market to buy gold. They’ll be scraping by trying to buy food and gold won’t be a priority.
So if the demand for gold decreases b/c people will be more preoccupied w/buying food, then those who sell gold will have to reduce the price AND maybe won’t be inclined to even buy more gold back.
And say we end up w/new currency – hypothetically Amero – then who sets the price for gold? What will equate to an unknown currency?
