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Old 08-29-2013, 17:24   #17
Dennis in MA
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Join Date: Aug 2001
Location: Taunton, MA
Posts: 52,503
Quote:
Originally Posted by hpracing007 View Post
Okay... In very simple term, if your gold all of a sudden had a price of 55k oz, would you not exchange some if your gold for something else? If not you, wouldn't the other who own gold?

What do you think would happen when the supply of gold for sale skyrockets?

When gold somehow rockets up to that number, I would not be able to afford as much of it, and there are many other assets I could purchase which are relatively cheaper. There would be much less demand for gold. What do you think would happen then?
Yup. IF that happened, prices would drop very quickly as there would be no liquidity.
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