Bogus example. Nordstrom does not tell you to buy shoes because they will be much more valuable in the future and thus will preserve your wealth. The message that I hear repeatedly is “Gold will become much more valuable and paper money will become worthless. Therefore, give me your paper money and take my gold.”
If those who own gold believed that, they would not be sellers. They are full of something that does not glitter.
If those who own gold believed that (Gold will become much more valuable), they would not be sellers.
2. They are retailers, and make their money by marking up the stuff they buy at wholesale, not by sitting on their inventory waiting for it to slowly increase. They are providing a service. There’s nothing to suggest that a business or individual with a limited amount of money to savce or invest (in gold) can’t process and sell much more than they could afford to hold, in order to earn a living.
3. If you don’t like the retailer analogy: I’d sound like a moron if I asked why all those stock brokers don’t just buy up all the investments they are advising their clients to buy.
4. Or realtors? Why don’t they buy up all the houses that are a good investment, instead of taking a commission on a sale to a buyer?