Ok, I think I wasn’t making sense there.
I’m not saying that people don’t want gold anymore.
I’m saying that IF people didn’t want to make jewelry out of gold any more, that would be a cause, and a fall in the price would be the effect. I’m not saying that people don’t want gold jewelry anymore.
Im saying that IF people didnt want to make jewelry out of gold any more...
I would suggest that the desire to make a substance an adornment is not the CAUSE of the demand for that substance, but instead the EFFECT of the demand for that substance.
Indian brides aren’t buying gold because they think it makes them looks pretty, they’re buying because they KNOW it makes them look WEALTHY.
That IF ain’t gonna happen.