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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KyrosL who wrote (104587)5/24/2001 5:31:20 PM
From: LLCF  Read Replies (1) of 436258
 
<I can't see a deflationary scenario that's accompanied by appreciating gold today. It makes no sense, since gold has been effectively demonetized, so in a deflation it should deflate along with the other commodities. Gold will go up in a stagflationary environment, and I think we may get a bit of that this year. >

Agree with entire post ceterus paribus... however, if we revist a 30's style situation in the U.S. the dollar will crash against other currencies and hence against GOLD as well. The reality of the situation is that the Fed will do everything in it's power to stave off deep recession and depression [which IMO it cannot do] and the result will probably look more like Germany in the 20's with the 'credit monster' being the equivelent of feeding the reparations payments.

DAK
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