back

by anderspitman·8y ago·view on hn ↗
I forget who said it, but I once heard something along the lines of, "if we get into a situation where the value of gold goes through the roof, it'll be because things have gotten really bad. And if they're that bad people are going to realize pretty quick that they don't want gold. They want water bottles and gasoline."
1 comments
I don't get it. If people realize they don't want gold why would the price go up?
I think the implication is that the price will spike quickly, then collapse through the floor when people realise the true situation.
yeah sorry if that wasn't clear