Ophir, if the Gold Price goes anywhere near $5,000, let alone $20,000, there Will a Veritable World Chaos in Every Developed (and Developing) Economy, with Inflation Reaching Zimbabwean and Weimaric Levels, since no-one would want Fiat (Paper) Money and all would be chasing Gold, driving thus the Gold Price Higher and Higher.
World Trade will Paralyse. Stock markets will Plummet. Unemployment will hit 30/40% throughout the World. Anarchy will be the Norm throughout the Planet.
Do you really want to live under such a World Chaos, Even if Your .....Precious Gold Price reaches $$$5,000...10,000...20,000..... $100,000 an ounce?
Do you think the World Powers will Let our Planet Descend back the Stone age?
The Overwhelming Majority of our World's Population, will say NO. And so will I.....I bet, you will more than likely also say....NO to a Stratospheric Gold Price, When You find out the Evil Consequences such an Eventuation will bring about.
Gold has Many other uses, BUT it will NEVER replace "paper" (Fiat) Money... It cannot.
There is Not enough Gold around for that, and it's so unequally distributed that some countries with very low Gold Reserves will Literally Starve, Before they can Buy Any (and at what price?).....And Who is going to sell them, If Hyper Inflation is the Norm in World Economies and Trade?
Cheers:)))
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