I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?
"Uncontrollable"? What do you mean? If governments keep accumulating Gold, prices will rise all the way to the moon (according to the rules of supply and demand). For years, Gold has been trusted as the ideal store of value for emergency situations or as a means to build generational wealth. Even with Bitcoin in play, Gold is still relevant. At some point, I believe the "yellow metal" will become history. Especially when BTC is touted as its successor. We're in the 21st century, so we should be living in the "intangible era". Tangible (physical) items would not be as valuable as they used to be in the past. Gold will eventually become a metal solely used for industrial purposes, while BTC will become the next store of value.
Right now, Gold is enjoying new highs because of Trump's tariffs. The trade war between the US and other countries will extend the period of uncertainty, which means new ATHs for Gold in the short term. I'd buy and "hodl" both Gold and Bitcoin if I were you. It won't be long before inflation spirals out of control. Only smart people will win. The question is: Are you smart enough to invest? Or are you willing to wait until "all hell breaks loose"?