No, gold actually has a real demand derived from legitimate commercial uses. If it didn't, and the only reason you were buying it was to try and dump it off on

No, gold actually has a real demand derived from legitimate commercial uses. If it didn't, and the only reason you were buying it was to try and dump it off on other investors for a profit, then it would have the properties of a Ponzi. Make sense? It isn't exactly the same as Charles Ponzi's scheme, but it is similar enough that the layperson understands what it means when you say Ponzi. There isn't any actual profit in the system, all the "profit" comes from other investors.