I think gold is going to see a huge drop at some point. While gold has reliably held its value when other currencies failed for thousands of years, its worth is based on it being rare and shiny. The main reason it is so rare is that it is heavy, so when the earth was young most of it sank deep underground. Some day we will discover a huge vein deep underground and the price will drop before we even get around to mining it or we might even find a gold rich asteroid. We don't even need to mine it. The discovery alone would be enough to destroy the market for this nearly useless metal.
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South Koreans Buying Up Physical Gold
I think gold is going to see a huge drop at some point. While gold has reliably held its value when other currencies failed for thousands of years, its worth is based on it being rare and shiny. The main reason it is so rare is that it is heavy, so when the earth was young most of it sank deep underground. Some day we will discover a huge vein deep underground and the price will drop before we even get around to mining it or we might even find a gold rich asteroid. We don't even need to mine it. The discovery alone would be enough to destroy the market for this nearly useless metal.