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| User Info | Pillars of deflationists' arguments disputed; entered at 2007-12-01 20:57:11 | |||
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Superportal Posts: 295 Registered: 2007-10-22 San Diego 
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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. 2007-12-01 20:57:11
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