All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (37609)	6/2/2000 11:29:00 PM
From: BGR	Read Replies (2) of 42523

Why exactly should people try to flee paper assets during a deflation beats me completely, as by definition the purchasing power of paper money goes up during such a time! In fact, the dollar price of gold (another currency) should go down as the paper currency strengthens, just as other foreign currencies. Don't ignore Big Macs, BTW. The Economist Big Mac index is a far superior measure of purchasing power parity (in this case I used it in a local context) than many other sources of the same measure. How do you think Japanese holders of gold have done over the past decade?

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