Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: d:oug who wrote (63085)	1/30/2001 1:03:19 AM
From: KyrosL	Read Replies (1) of 116753

It's wrong to conclude that gold is a good deflation hedge, if there is deflation in modern times. The gata article sites the rise in HM during the depression to prove this point. But gold was money during the depression -- the world was on a gold standard. So, HM's product was in demand at the same price as before, while the price of everything else was collapsing. Gold is a good currency and inflation hedge, but I think if there is world-wide deflation, its price will collapse along with other commodities, because today gold is largely demonetized. By the way, I very strongly doubt that there will be deflation. The CBs will do everything in their power to prevent deflation, including engineering inflation -- that's the reason to own some gold and/or gold stocks as a hedge.

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