The gold thing is a scam.
It’s no more of a scam than is any other commodity. Just like any other commodity, the price rises and falls. Traders who don’t know how to trade typically think markets are “scams,” or are “manipulated,” when they can’t trade their way out of a paper box, or because they think the only trade is to go long.
Grow up.
Is your comment missing a /s sarcasm mark?
Holding physical gold is one means of preserving wealth. Nations and individuals have commonly used precious metals holdings as insurance in case of serious economic downturn.
China and other countries have been loading up on gold in advance of an expected global economic market / currency crash.
Kitco.com provides precious metals trading news, long term trends in case your interested in researching further.
Admittedly I don’t think anyone is sure if we’ll see deflation or inflation ahead, both of which can affect the price of gold.
RE: “The gold thing is a scam”