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 ?
There is nothing any country will want to use for foreign reserve that US don't have, those guys are smart and far ahead of everyone. The only thing I'm not sure other countries might have that US don't have is Bitcoin. For example, it's estimated that North Korea is soon is sponsoring her hackers to steal Bitcoin and other valuable coins in the crypto market and so far, the amount of Bitcoin stolen by Korea exceed holdings of there countries that at holding Bitcoin.
Gold central market is controlled by the US and it will continue to be like that because they have what it is and what it takes to control it, if there are other people that hold into more reserve of Gold than the US and middle east, then they don't know about it and probably has never reveal anything about the gold, it might just be a speculation and not true because if any country has more resources reserve of Gold in her country, the economy is expected to do better.