genuine qu - why bearish on gold?, page-5

bearish cases for gold are usually based on

1. physical gold has no yield, therefore when the factors for golds bull run end, money will flow into yielding assets when risk appetite returns to market.

2. gold is historically hoarded and sufficient supplies exist to flood the market at any time.

3. gold is a barbaric relic, of no monetary value except for silly people bidding up the price