@coto- while I love the idea of the gold price hitting the stratosphere, I wonder at what point does price limit gold's utility and demand. For example, if the price of gold tripled, what does that mean for the jewellery market - would people continue to pay that much for gold jewellery or would demand dry up? I'm sure where there is an industrial/commercial use for gold, companies would find a way of absorbing the cost (or seek an alternative product if possible). The notion of gold getting to a price where it loses it's utility starts to beg the question - what's the difference between gold and Buttcoin other than one is a physical product and not just a fart in a jar. I think gold has to stay somewhat affordable to maintain its utility and this may be a natural barrier to it's price growth? Be interested to hear from an economist on this one!
EVN Price at posting:
$3.58 Sentiment: Hold Disclosure: Held
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Be interested to hear from an economist on this one!
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