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Politics : Ask Michael Burke

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To: Joan Osland Graffius who wrote (94896)	3/10/2002 1:40:06 PM
From: BGR	Read Replies (1) of 132070

Joan, Deflation by definition means that prices of other commodities fall in relation to the currency under discussion. Assuming that the intrinsic value of gold is constant (at 0, IMO, but clearly the market differs), in a deflationary situation the price of gold will FALL wrt the dollar, just as in an inflationary scenario it will rise. Regards, -BGR.

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