One thing articles like this tell me: there are people who have—
—forgotten,
—disbelieve in,
—or leave unstated for various reasons
that Demand pushes up prices, and
that Demand can be artificially induced.
Yes, the actual value of gold is pretty stable. The price fluctuates, not only with the inflation/deflation of currencies used to purchase it, but with the demand of people outbidding each other in an effort to own it. Such people believe it to be undervalued in currency and are willing to bid higher and higher sums for what is mainly useful (other than as a store of “value”) as a form of decoration.
Like tulips, perhaps.
you omitted
———never knew