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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: Zeev Hed who wrote (36457)7/4/1999 9:10:00 AM
From: Achilles  Read Replies (1) of 116759
 
I was trying to provide a simple model in order to illustrate the argument. Instead of 'bread' let's use 'stuff'. Everyone in the world produces 'stuff'; as the economy grows, more 'stuff' is made. If the amount of money does not grow (because it is tied to gold), but the amount of stuff is growing, that would require a fall in price. You, however, were saying that the gold standard would be inflationary. I can't see why it wouldn't be deflationary.
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