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 ?
of course when more and more countries buy gold then the price will increase and the behavior of people who like gold will also be affected, for example if a housewife who already has gold hears that the price of gold has increased then she will automatically sell it for living expenses maybe and for people who want to maintain the value of the money they have then they will definitely choose gold as savings instead of fiat money or stocks because gold is an asset that is immune to inflation and any pressure (just like bitcoin)
Remember, as long as war continues to arise, gold will continue to be bought by countries that want to protect their assets.