If the Gold Hawkers REALLY thought Gold was going to be huge, they would’ve just quietly bought it and cornered the market.
That would make sense.
Mutt, you must know that the “very rich and smart” are quietly doing just that, and manipulating paper prices to keep up the charade as long as they can find gullible marks.
What is going on is just a “Punch and Judy” show, designed to keep us great unwashed entertained, while they make off with the stuff that has real value - as our pretty pieces of paper eventually become worth less and less, in terms of buying power.
I am just a “pensioner” with nothing beyond immediate living expenses, but love studying history and economics - my intuitive guess is that we are living in an equivalent of the “roaring 20s”, and most just can’t grasp that the party will not go on, mostly because they do not want to face the “hangover”.
I only wish I were young, and could take advantage of the opportunities at hand, but it is interesting to watch everyone get seduced by the media, and the powers that be, pulling that time old shell game, laughing as it works again as it has throughout history, parting the fool from the value of his hard earned labor.