Does that apply to the guy who bought at $1700!!!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”
Does that apply to the guy who bought at $1700!!!