"Gold isn't meant to be a competitor to interest bearing cash."
But investors have a choice whether to invest in interest bearing cash or gold. Where there is choice there is competition.
Gold is not a constant. Its price moves up and down all the time. Gold may be intended to protect wealth, but in the last three years it has destroyed US dollar wealth by over 30%.
I bet you could buy a new car using gold, but I bet you wouldn't get a discount. LOL
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