27 September 2023
**Gold’s Market Dynamics**
Unlike consumer goods, gold isn’t consumed but held. Its market is unique: gold holders can be both sellers and buyers. An uptick in trades doesn’t necessarily mean higher demand. Gold’s supply represents owners’ willingness to sell at certain prices. Miners, despite their minor role, accept market-set prices. Gold’s value hinges on both its historical monetary status and the balance between current owners’ and potential buyers’ assessments. Misunderstanding this leads to inaccurate analysis.