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| User Info | Fekete - Inflation and deflation all at the same time?; entered at 2007-12-01 14:06:37 | |||
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Sellnrun Posts: 459 Registered: 2007-06-26 Murrieta, CA
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Actually, gold did better in the deflation of the 30s. Gold entered the Great Depression at a fixed price of $20.67 and the Treasury acted to outlaw hoarding of gold and fixed the price at $35, which stayed in place for the next 40 years. Homestake Mining Co. was up 396% from 1929 to 1934. Can someone assail this notion factually? See the link below: http://www.thelongwaveanalyst.ca/ 2007-12-01 14:06:37
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