Actually, they are the ones buying gold. And gold won’t go up. The big boys are going to need it to pay their derivative margin debt.
Dent’s whole “thing” is based on a massive demographic collapse—the transition of the Baby Boom into retirement wholly unprepared for it. Add on all of the crap Obama has done and it just magnifies the impact.
People will be selling all of their assets—and no one will buy.
You know.... the interesting thing here in Oklahoma. When the real estate bubble burst... home values went down some (not as dramatically as other parts of the country because the bubble was not as large here)... but even with property values dropping, monthly rental prices continued to go up. People always need a place to live.
Gold.... I’m not sure what value gold will have in an economic collapse. I can think of a lot of things that would be of more value (ammunition etc) than gold. I know its a precious metal, but what is it worth from a practical perspective? Its only worth what it will buy or the dollars it will buy?