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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.35+0.7%Nov 18 4:00 PM EST
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To: Snowshoe who wrote (27206)1/2/2008 5:44:32 PM
From: TobagoJack  Read Replies (1) of 217868
 
<<If the world's stock of gold fails to grow as fast as the world economy, however, a gold standard will have a pronounced deflationary bias>>

... rubbish.

The stock of gold can stay constant, and the price of goods can instead drop, rewarding the savers, and charging the spenders, biasing the world towards deflation, i.e. increase in living standard for the savers.
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