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A hedge against deflation?
Not many support that view and most agree that deflation sinks all boats (including gold) except for the USD.
Of course, if fiat currency becomes total poop paper, well then that is another story for sure.
A good point: Stagflation would be a more appropriate term then, not deflation. Of 1930s and late 1970s style. Pure deflation does not exist any more with fiat currencies.
Ben, is that you lurking in BPT masquerading as "junkie"?
Stagflation is a very dirty word, don't let the cat out of the bag!
All in good fun
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A hedge against deflation? Not many support
Potential scenario for the next few weeks
Posted by Palladin on 23rd of Jan 2010 at 08:09 pm
A hedge against deflation?
Not many support that view and most agree that deflation sinks all boats (including gold) except for the USD.
Of course, if fiat currency becomes total poop paper, well then that is another story for sure.
A good point: Stagflation would
Posted by junkie on 23rd of Jan 2010 at 11:21 pm
A good point: Stagflation would be a more appropriate term then, not deflation. Of 1930s and late 1970s style. Pure deflation does not exist any more with fiat currencies.
Title: "Pure deflation does not
Posted by Palladin on 24th of Jan 2010 at 01:00 pm
Ben, is that you lurking in BPT masquerading as "junkie"?
Stagflation is a very dirty word, don't let the cat out of the bag!
All in good fun