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| User Info | Pillars of deflationists' arguments disputed; entered at 2007-12-01 20:39:19 | |||
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Sellnrun Posts: 459 Registered: 2007-06-26 Murrieta, CA 
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Gold predates currency as a medium of exchange and more importantly, as a store of value. The prohibition of gold being held during the Great Depression would not have been necessary were there not significant DEMAND for it. And that was when the price of gold was FIXED. Those who argue gold will fail to retain significant value in the face of a currency shortage or deflationary event ignore history's lessons. 2007-12-01 20:39:19
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