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|User Info||Pillars of deflationists' arguments disputed; entered at 2007-12-01 19:57:11|
Registered: 2007-10-22 San Diego
The anti-gold people misunderstand deflation's effect on precious metals.|
As far as I can tell Gold has gone up in price in every major US financial crisis/panic/depression since 1800, both with inflation and deflation. Gold is a means of preservation of wealth--it thrives when there is serious economic uncertainty/instability.
And it's really quite silly that some won't even look at a gold site, but it explains their ignorance about the gold market and industry.